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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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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
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- Energy Development Corp, Philippines
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- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
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- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Minerals Council of Australia
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
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- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- VISA Power Limited - India
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
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- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
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- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
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