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Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Supramax and Handysize softened only about 4-6 pct.
BDI INDEX
The BDI dropped by about 9 pct by 321 points and closed at 3,258 points. Seems that next week also the softening would continue mainly due to holidays. The index closed this week at Cape 4,566 points, Panamax 3,448 points, Supramax 2,322 points and Handysize 1,199 points.
The average charter hire was at Cape US$ 45,458 per day, Panamax US$ 27,674 per day, Supramax US$ 24,274 per day and Handysize US$ 17,432 per day.
The supramax index in the Far East (S6 route) softened by almost US$ 4,000 this week and was at US$ 19,600 per day. The ECI / China (S7) route was holding firm at US$ 26,133 per day .
Short period rates for Supramax was at US$ 21,000 per day for vessels opening Far East / SE Asia. Supramax charter rates for one year is around US$ 18000 per day.
3 YEARS FUTURES
The futures for three years (2010 - 2012) firmed up compared to last week and was at around Cape US$ 28,000 per day, Panamax US$ 17,000 per day, Supramax US$ 15,000 per day and Handysize US$ 11,500 per day.
The market is likely to be soft next week especially in the Far East / SE Asia sector.
The iron ore demand seems to be holding firm, however with the market soft on the feast sector it appears that the coal movement has reduced. Next two weeks the market may remain soft due to Christmas / New Year holidays.
PORT CONGESTIONS
The congestion at Australian ports in the EC for coal loading increased to 138 vessels, with maximum waiting at DBCT about 30 days and Newcastle about 20 days. On the WC Australia iron ore vessels waiting were around 20.
The waiting at Indian ports for coal vessels was around 6 / 7 days.
CRUDE OIL
The brent crude prices moved up to US$73.90 per barrel. The bunker prices during the week was soft and was as low as US$ 445 pmt (IFO 380 cst) ex singapore, however by Friday the prices moved up and was at US$ 464 pmt (IFO 380 cst) ex Singapore.
FREIGHT FORECAST
Click here for Vistaar’s forecasted (subject to terms & conditions) spot freight rates for coal & Iron-ore cargo for specific routes(cs)
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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Parliament of New Zealand
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- PTC India Limited - India
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