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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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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
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- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Planning Commission, India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- The University of Queensland
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
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