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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, 13 April 09
INDIA'S NTPC FOURTH-QUARTER PROFIT RISES 30% ON POWER OUTPUT - BLOOMBERG
NTPC Ltd., India’s biggest electricity generator, said profit rose 30 percent in the fourth quarter after higher efficiency helped production. ...
Thursday, 09 April 09
INDONESIAN CILACAP, FISHERMEN PROTEST COAL BARGES ANCHORING IN BAY - THE JAKARTA POST
Fishermen in Cilacap, Central Java, have protested against the presence of dozens of coal barges lying at anchor in Teluk Penyu Bay, claiming they a ...
Thursday, 09 April 09
INDONESIA'S PLN (STATE ELECTRICITY COMPANY) TO SET POWER PURCHASE PRICES FOR INDEPENDENT PRODUCERS - THE JAKARTA POST
State power company PT PLN holds the mandate to set power purchase prices to buy electricity produced by its (IPP) business partners, aiming at flex ...
Wednesday, 08 April 09
ARCELORMITTAL BUYS STAKE IN COAL OF AFRICA - MINEWEB
Steel maker, ArcelorMittal SA, has acquired a 16.3 percent stake in Coal of Africa Ltd. for $44.98 million in cash.
ArcelorMittal SA, the South A ...
Wednesday, 08 April 09
EXPORTS AT AUSTRALIA NEWCASTLE COAL PORT FALL ON STORM -MINING-JOURNAL
Coal exports from Australia's Newcastle port, the world's largest coal export terminal, fell roughly 18% last week to a 4½-month low, as ro ...
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- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parliament of New Zealand
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- The University of Queensland
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
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