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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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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 t ...
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 ...
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Showing 6686 to 6690 news of total 6871 |
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- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Planning Commission, India
- Australian Coal Association
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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