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Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
 COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limited of Singapore, said to COALspot.com.
Vistaar, a ship operator from Singapore,further said, Over the last 2 weeks the BDI is up by 40 pct and almost up by 300 pct since the lows of 2008. The BDI ended this week at 2544 which is an increase of 352 points over last one week. The demand for ships has been quite good in all regions and the vessels enjoyed healthy charter rates.
The main reason for the increase in the freight market seems to be huge imports of iron ore and coal by China. China has imported in excess of 50 million tons of iron ore in April alone, which seems to be the main reason for the increase in the freight market. It will be interesting to see if the same momentum is maintained.
The spot supramax demand was quite firm for cargoes out of Indonesia and have been demanding US$ 15,000 / 18,000 per day depending on the position for trips to India and Pacific round voyages.
"The market is expected to remain firm over next week" - Capt. Reddy, MD, Vistaar Shipping
The iron ore exports from India has been steady and supramax ships were being fixed at around US$ 15000 / 17000 per day. There is pressure to ship out maximum iron ore cargoes out of WC India before monsoons. The week also saw quite a few supramax vessels ballasting to South America from India / PG range fixed at around US$ 15000 per day.
The bunker prices remained firm with brent crude at US$ 58 / 59 per barrel and the IFO prices ex Singapore touching US$ 355 pmt levels.
The short period (4/6 months) rates for larger supramax is around US$ 15000 / 16000 per day in Far east / SE Asia region future. One year period rate for supramax reported at US$ 13000 / 13500 per day with delivery India / Far east region.
The indicative spot freight rates forecasted by VISTAAR SINGAPORE on Supramax as follows:
Coal
Indonesia / East Coast (EC) India : US$ 13.00 / 13.50 pmt
Indonesia / West Coast (WC) India : US$ 16.50 / 17.00 pmt
Richards Bay / Est Coast (WC) India : US$ 16.00 / 17.00 pmt
Richards Bay / East Coast (EC) India : US$ 17.50 / 18.00 pmt
Queensland / East Coast (EC) India : US$ 19.00 / 19.50 pmt
Iron Ore
WC India / N.China : US$ 15.00 pmt
EC India / N.China : US$ 14.00 pmt
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Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
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- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Sical Logistics Limited - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Australian Coal Association
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- Ministry of Mines - Canada
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
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