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Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct closing at 1,465 points.
The biggest drop was in Panamax sector which dropped by 20.10 points closing at 815 points. The Supramax and Handysize also continued to drop by abt 13 pct closing at 695 points and 426 points respectively.
The BDI is almost close to the lows of Dec 2008 when BDI was at 663 points.
The markets seemed to have bottomed out and there are hopes that the market would stabilize from next week with Chinese new year holidays over. However as per reports there is huge stock pile of iron ore of about 94 mill tons in Chinese ports. The demand for iron may be weak for next couple of weeks, which may cause to affect the shipping market.
Supramax delivery South China for trips via Indonesia were reported around only US$ 5,500-6,000 per day. Short Period charter rates for Panamax and supramax was down to around US$ 6,000-7,000 per day with delivery Feast.
The average charter rates was at Cape/US$ 5,566 pday , Panamax/US$ 6,488 per day, Supramax/US$ 7,268 pday and Handysize/US$ 6,264 per day. The futures for three years (2012-2014) was at around Cape/US$16,000 per day, Panamax/US$ 12,000 per day, Supramax/US$ 11,500 per day , Handysize/US$ 9,250 per day.
The supramax index in the feast (S6 route) closed at US$ 5,231 pday (last week US$ 5,728 per day) and S7 route closed at US$ 5,569 per day (last week US$ 6,082 per day) . S6 and S7 route likely to remain steady next week.
The congestion in EC Australia increased to 90 vessels this week (last week 85). The vessels waiting at main coal loading ports were at Haypoint/4, DBCT/16, Gladstone/14, Abbot Point/4, New Castle/43, Port Kembla/11 vessels.
On the WC Australia iron ore vessels waiting was at 70 vessels (last week 53).
The brent crude oil prices closed at US$ 111.53 per barrel and bunkers prices closed at US$ 739.00 pmt (last week US$ 740 pmt) for IFO 380 cst ex Singapore on 27th Jan 2012.
Click here for Vistaar’s forecasts (terms & conditions apply) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)
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Thursday, 26 January 12
ABM INVESTAMA SEALS US$100 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, PT Reswara Minergi Hartama, a subsidary of PT ABM Investama Tbk (ABMM), has sealed a 2 million tons of coal export co ...
Thursday, 26 January 12
DRY BULK MARKETS DOWNFALL KNOWS NO LIMITS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s demise seems to have no visible end, as China’s Lunar Year Holidays continue this week, thus leaving demand with n ...
Wednesday, 25 January 12
CLEAN AND CLEAR MINING PERMITS TO BE COMPLETED END OF 2012 - BISNIS.COM
Bisnis.com reported that, the government plans to announce 700 mining permits with "clean and clear" status without overlapping on other p ...
Tuesday, 24 January 12
ANOTHER SEVERE DROP IN THE CAPESIZE - BRS
The lunar year celebrations and the high number of new building deliveries (more than 35 Capes so far in January as owners push 2011 deliveries into ...
Tuesday, 24 January 12
BUKIT ASAM FY11 NET PROFIT SURGES 50% - INSIDER STORIES
Insider Stories reported that, the state-controlled PT Bukit Asam Tbk (PTBA) estimated to book Rp3 trillion (approximately US$ 335,570,469) net prof ...
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- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- PTC India Limited - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
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