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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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Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Power Finance Corporation Ltd., India
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- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
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- Neyveli Lignite Corporation Ltd, - India
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- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
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- Tata Chemicals Ltd - India
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- PowerSource Philippines DevCo
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- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- White Energy Company Limited
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- Indian Oil Corporation Limited
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- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
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- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
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- PTC India Limited - India
- Australian Coal Association
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
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- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
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- Mintek Dendrill Indonesia
- The University of Queensland
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Xindia Steels Limited - India
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- Planning Commission, India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
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- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
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- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
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- Aditya Birla Group - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Parliament of New Zealand
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- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
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- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
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- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- GAC Shipping (India) Pvt Ltd
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- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
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- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
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