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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, 21 April 09
INDONESIAN GOVT TO ALLOW UNDERGROUND MINING IN PROTECTED FORESTS - THE JAKARTA POST
The government will issue a regulation allowing mining companies to carry out underground mining in protected forests.
"This regulation will ...
Tuesday, 21 April 09
INDONESIAN GOVT LIKELY TO MISS INVESTMENT TARGETS FOR ENERGY, MINING - THE JAKARTA POST
The total value of investments in energy and mining sectors by the end of the year is likely to be below the government’s target, as a result of ...
Monday, 20 April 09
INDONESIAN COAL MINING ASSOCIATION CALLED TO CONTROL MINERS - MAJALA TAMBANG
The Indonesian Coal Mining Association (ICMA) is called to expand its membership further in view of controlling the conduct of miners in the nationa ...
Monday, 20 April 09
BANPU PLANS TO SHIP 2 MLN T COAL TO CHINA IN 09 - REUTERS
Banpu, Thailand's largest coal miner, plans to increase coal shipments to China by about 30 percent to 2 million tonnes in 2009, company officials ...
Monday, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year ...
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Showing 6801 to 6805 news of total 6871 |
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- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Australian Coal Association
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- White Energy Company Limited
- Planning Commission, India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
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