We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
 COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however towards end of the week, the index started to move up including the futures.
Overall the BDI lost 226 points and Cape / Panamax / Supramax / Handysize lost 97 / 498 / 110 / 53 points respectively. The BDI has gone up by more than 500 pct since the lows on Dec 2008 and interestingly the BDI is almost close to the last five year average which is a healthy level.The average charters rates per day at the closing of the week at Cape / US$ 74,889; Panamax / US$ 22,140 ; Supramax / US$ 18,006 and Handysize / US$ 11,939.
The iron ore and coal accounts to almost 50 pct of the global sea borne trade and the dry bulk freight will depend heavily on the volume imported by China . According to Ministry of Transportation of China the iron ore imports this year from Jan-May has totaled 258 million tonnes, which is 4 million tonnes more than the first half of last year. Unloading of coal in China (including domestic and foreign trade) will probably reach 49.2 million tons, an increase of 10.8 percent over the same period last year.
"Clearly the driver for dry bulk market seems to be the iron ore and coal imports by China" - Capt. Reddy, MD, Vistaar Shipping
Some of the factors which are likely to affect the global economy are out come of Iranian elections, Fresh UN Sanctions on North Korea and WHO declaring H1N1 Flu as starting of a Global pandemic.
The South American and US Gulf market continued remained firm. The PG/WC India region was extremely firm due to shortage of tonnages in June, where supramax were fixed at around US$ 20000 per day for trips S.Africa to India and India to far East. The Far East/Se asia market continued to be soft and saw many vessels spot especially the older tonnages.
The short period rates with delivery Far East was around Supramax - US$ 15,000/16,000 ; Panamax / US$ 20,000 and Cape / US$ 52,000. There was relatively few long period fixtures were reported last week. Next week is expected to maintain same levels with no major changes in the freight levels.
The bunker prices continued to remain firm with brent crude touching US$ 72 per barrel and the IFO (380 cst) prices ex Singapore touching around US$ 405 pmt levels.
The crude prices is expected to remain soft / firm over next couple of weeks and hence the bunker prices also would be high. The outcome of Iranian elections is expected to have a major impact on the crude oil prices.
The indicative spot freight rates on Supramax as follows:
Coal
- Indonesia / East Coast India : US$ 13.00 / 13.50 pmt
- Indonesia / West Coast India : US$ 17.00 / 17.50 pmt
- Richards Bay / West Coast India : US$ 20.00 / 20.50 pmt
- Richards Bay / East Coast India : US$ 21.50 / 22.00 pmt
- Queensland / East Coast India : US$ 19.50 / 20.00 pmt
Iron Ore
- West Coast India / N.China : US$ 17.50 / 18.00 pmt
- East Coast India / N.China : US$ 15.50 / 16.00 pmt
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
Friday, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
|
|
|
Showing 6686 to 6690 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
|
| |
| |
|
