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Saturday, 14 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 19,000 / 20,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR SINGAPORE
COALspot.com (Singaproe): BDI continues to rally crossing the 4,000 mark. The BDI increased this week by 718 points up by 21 pct and closed at 4,111 points. The increase on cape index was much higher this week by 1,600 points up by 28 pct and closed at 7,183 points.
The Panamax index also continued maintained the momentum as last week and increased by 422 points up by 12 pct and closed at 3,978 points.
There was sharp increase in the Supramax index by 529 points up by 28 pct and closed at 2,147 points. The handysize index increased by 85 points up by 10 pct and closed at 970 points. The average charter hire was at Cape / US$ 76,534 per day, Panamax / US$ 31,972 per day , Supramax / US$ 22,453 per day and Handysize / US$ 13,950 per day.
The supramax index in the Far East (S6 route) was quite firm this week at US$ 20,970 per day. The ECI / China (S7) route was quite firm at US$ 24,100 per day.
Short period rates for Supramax was at US$ 19,000 / 20,000 per day for vessels opening Far East / SE Asia. Supramax have been reported fixed for US$ 17,000 per day for 1 year.
Period Fixture
The period fixtures on Panamax continued to be strong and 2 year period rate was reported at US$ 19,000 per day. With the increase in spot activity the futures have also moved up and the futures for three years for 2010-2012 is around Cape / US$ 30,000 per day, Panamax / US$ 17,500 per day, Supramax / US$ 15,500 per day, Handysize / US$ 11,500 per day.
The reason for increase in the freight market seems to be strong demand of iron ore and coal imports by china. The Cape and Panamax has been driving the BDI said Capt. Reddy, Vistaar Shipping, Singapore.
The congestion in Australia increased to 124 vessels in EC Australia with maximum waiting at DBCT 30 / 40 days . The waiting at WC Australia for iron ore was at 8 vessels. The congestion in Paradip and Haldia continues to high and uncertain.
Crude Price
The brent crude prices moved up sharply this week to almost US$ 80 per barrel , however towards the close of week there was bit of softening and was at US$ 76.37 per barrel.
The bunker prices was around US$ 465 pmt for IFO(380 cst) prices ex Singapore.
Supramax & Panamax Spot Freight Forecast
Click here for Vistaar’ s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
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Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Coal and Oil Company - UAE
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- MS Steel International - UAE
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- GMR Energy Limited - India
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