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Saturday, 04 July 09
FREIGHT FUTURE FOR 3 YEARS UNTIL 2012 WAS FAIRLY SOFT AROUND PANAMAX / US$ 16,000, SUPRAMAX / US$ 13,000 PER DAY
 COALspot.com (Singapore): According to Vistaar shipping, an experinced ship operator in Singapore, the freight market was soft with bit nervousness in the global economy recovery.
The BDI was down by 183 points and closed at 3,520 points. The drop again this week is mainly due to Cape which was down by 668 points and closed at 6,438 points.
The Panamax index gained by 210 points and closed at 3,027 points. The Supramax and Handysize index was almost at same levels with a marginal drop by 15 points. The average charters rates at the close of the week was at Cape / US$ 71,088; Panamax / US$ 24,254 ; Supramax / US$ 17,964 and Handysize / US$ 10,773.
The BDI is expected to be around 3,500 points next week also and there could be pressure downwards.
The congestion at Australian ports continues to be all time high to 123 vessels waiting off EC Australia. The congestion in Paradip and Haldia has been quite high and Haldia port severely affected by labor strike.
The easing of congestion will definitely put additional pressure on the BDI.
The iron ore and coal import by China seems to be holding however reports suggests that China may reduce the iron ore and coal imports in Q3 and this happens the BDI will be under pressure. The supramax and handysize vessels open in Far East continued to be under pressure and many vessels were ballasting south.
The ships opening in India continued to get premium for round voyages to South Africa and to Far East at around US$ 20,000-22,000 pday. The one year period rate for large supramax was at around usd 16,000 per day. Many owners were looking for short period rates to take advantage of the spot firm market, which probably seems owners may be seeing the market to be soft for next couple of weeks.
The future for 3 years 2010 / 2011 / 2012 was fairly soft around Cape /US$ 30,000 per day , Panamax / US$ 16,000 per day, Supramax / US$ 13,000 per day and Handysize / US$ 10,000 per day said, Capt. Reddy, MD of Vistaar Shipping, Singapore
The brent crude prices closed at US$ 66 and was soft and expected to be soft. The bunker prices for IFO (380 cst) prices ex Singapore was at US$ 405 pmt.
Vistaar shipping of Singapore expected the spot freight rates (indicative) on Supramax would be as follows:
Coal
-Indonesia / EC India : US$ 13.00 / 13.50 pmt
-Indonesia / WC India : US$ 16.00 / 16.50 pmt
-Richards Bay / WC India : US$ 21.00 / 22.00 pmt
-Richards Bay / EC India : US$ 22.00 / 23.00 pmt
-Queensland / EC India : US$ 20.00 / 21.00 pmt
Iron Ore
-WC India / N.China : US$ 18.00 / 19.00 pmt
-EC India / N.China : US$ 17.00 / 18.00 pmt
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Tuesday, 16 June 09
INDIAN MINING WORKER ARRESTED IN BENGKULU
Forestry officials in Bengkulu Province, Sumatra, arrested one Indian national and two Indonesians on Sunday for unauthorized exploration in the ele ...
Tuesday, 16 June 09
INDIAN GOVERNMENT MAY ALLOW PRIVATE COMPANIES TO MINE COAL
The government is “strongly considering” to allow commercial coal mining by private companies in a bid to bridge the demand-supply gap, ...
Monday, 15 June 09
SAFRICA'S COAL TERMINAL EXPANSION DELAYED TO Q4
South Africa's Richards Bay Coal Terminal (RBCT) said on Monday the completion of a project to expand the export facility had been delayed to the f ...
Monday, 15 June 09
SHENHUA DENIES GIVING GROUND ON EXPORT COAL PRICE - REUTERS
China Shenhua Energy Co, the country's top coal producer, expects Japanese and South Korean clients to pay at least as much as Chinese customers fo ...
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 ...
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- SMG Consultants - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
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- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
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- Videocon Industries ltd - India
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- Economic Council, Georgia
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- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
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- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
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- Planning Commission, India
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- Energy Development Corp, Philippines
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- Parry Sugars Refinery, India
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- Madhucon Powers Ltd - India
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- Energy Link Ltd, New Zealand
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- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
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- Star Paper Mills Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
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- Karbindo Abesyapradhi - Indoneisa
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- Sical Logistics Limited - India
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- GAC Shipping (India) Pvt Ltd
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- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
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- Jaiprakash Power Ventures ltd
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- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
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- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
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- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Indian Oil Corporation Limited
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- The Treasury - Australian Government
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- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
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- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
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- Ministry of Mines - Canada
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- Binh Thuan Hamico - Vietnam
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- TeaM Sual Corporation - Philippines
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- Africa Commodities Group - South Africa
- VISA Power Limited - India
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- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Parliament of New Zealand
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- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- White Energy Company Limited
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- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
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- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
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