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Saturday, 25 August 12
FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - This week the indices showed some signs of improvement will all the segments moving up except for the handy size.
The BDI was marginally up by 3 points closing at 717 points. The Cape and Panamax index was up by about 2.7 pct closing at 1,124 points and 828 points respectively. The supramax index was up by 1.43 pct closing at 853 points. The handy size index continued to be soft and was down by 4.43 pct closing at 474 points.
The Supramax freight market was soft from Indonesia to India and Supramax vessels were trading around US$ 6,000 delivery South China and around US$ 8000 delivery SE Asia for trip to India. Short Period charter rates for Supramax and Panamax was around US$ 8,000-8,500 per day. The freight rates are expected to be steady next week.
The iron ore demand continues to be weak and compounded with excess tonnage with new deliveries is causing the market to be under pressure.
The average charter rates was at Cape/US$ 2,987 per day , Panamax/US$ 6,586 per day , Supramax/US$ 8,918 per day and Handy size/US$ 6,858 per day.
The futures for three years (2012-2015) was at around Cape/US$ 14,000 per day, Panamax/US$ 10,000 per day, Supramax/US$ 10,500 per day , Handy size/US$ 8,250 per day.
According to Vistaar Shipping Singapore, the supramax index in the far east (S8 route) was down by 3.20 pct and closed at US$ 6,345 per day (last week US$ 6,148 per day) and S7 route was down by 2.19 pct and closed at US$ 4,820 per day (last week US$ 4,928 per day) . “Both routes likely to be soft next week”, said, Capt. Reddy, director of Vistaar Shipping.
The congestion in EC Australia was at 76 vessels this week (last week 78 vessels). The vessels waiting at main coal loading ports were at Hay point/2, DBCT/16, Gladstone/1, Abbot Point/2, New Castle/57, Port Kembla/4 vessels. On the WC Australia iron ore vessels waiting was at 31 vessels (last week 47 vessels).
The Brent crude oil prices was almost at same levels as last week closed at US$ 113.36 per barrel (last week US$ 113.75 per barrel). The bunker prices was slightly up closed at US$ 677.50 (last week US$ 673.00 pmt) for IFO 380 cst ex Singapore on 24th August 2102.
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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Friday, 28 September 12
DRY BULK SECOND HAND VESSELS ON HIGH DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the demise of the dry bulk market and the collapse of freight rates since the beginning of 2012, on the back of record breaking newbuilding ...
Thursday, 27 September 12
MINING RE-COMMENCES AT ORPHEUS' B2 EAST KALIMANTAN COAL PROJECT
- B2 project overburden removal completed and coal exposed
- Coal getting has commenced with target production of 30,000tpm
- Orpheus to re ...
Thursday, 27 September 12
HANDY: THE PACIFIC MARKET IS GETTING WEAKER WITH UPCOMING GOLDEN WEEK HOLIDAYS - FEARNLEYS AS
Handy
Yet another week with rates softening in all trades. Especially owners with ships open Continent struggle to find employment paying decent mo ...
Thursday, 27 September 12
DRY BULK MARKET LOSES STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The rise of the BDI (Baltic Dry Index), the dry bulk industry’s benchmark during the course of the previous week, proved to be short-lived, as ...
Wednesday, 26 September 12
NEWBUILDING ORDERING ACTIVITY REMAINS SUBDUED ON GLOBAL MARKET UNCERTAINTY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding ordering activity has been on the down side during the past few weeks, a trend also noticeable during the course of the past few days, a ...
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- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Planning Commission, India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
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