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Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
 COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts about global economy recovery and talks about another stimulus package by the US.
The stock markets globaly remained soft this week. The BDI was down by 535 points which has been quite sharp and closed at 2,985 points.
The main cause for the BDI is again the Cape index which fell by 1,594 points which is about 25% drop in a week and closed at 4,844 points. The Panamax index dropped marginally by 75 points and closed at 2,952 points. The Supramax and Handysize gained by 99 points and 45 points and closed at 1,817 points and 794 points respectively.
The average charters rates at the close of the week was at Cape / US$ 51,223 ; Panamax / US$ 23,615 ; Supramax / US$ 19, 002 and Handysize / US$ 11,387.
The pressure on BDI is likely to continue , however the BDI is expected to stay around 3,000 points.
The congestion at Australian ports continues to be at around 121 vessels waiting off EC Australia. The congestion in Paradip and Haldia is continuing to be high with about 47 ships waiting at Paradip.
China's appetite for iron ore and coal imports is expected to be weak in Q3 and if this happens will definitely have a affect on the shipping market. The import of steam coal from Indonesia and South Africa to India will continue to increase especially with quite a few thermal power plants in the pipeline and will be operational in 3 / 5 years.
The Panamax / Supramax / Handy size were fairly holding firm . Supramax opening Far East were getting around US$ 15,000 - 16,000 pday for SE Asia to India / China and supramax opening in India continued to get good healthy rates around US$ 22,000 / 23,000 per day for trip to Feast.
Short period rates for Supramax opening feast was around US$ 16,000 per day. Panamax opening feast were being fixed around US$ 18,000 / 19,000 per day said, Capt. Reddy, MD, Vistaar Shipping, Singapore.
Capt. Reddy is expected the future for 3 years 2010 / 2011 / 2012 is around Cape / US$ 30, 000 per day , Panamax / US$ 17,000 per day, Supramax / US$ 13,500 per day and Handy size / US$ 10,500 per day
The crude prices was under pressure and the brent crude prices fell below US$ 60 per barrel and closed at US$ 59.89. Seems the crude prices will around US$ 60 levels next week. The bunker prices for IFO(380 cst) prices ex Singapore went down to US$ 385 pmt but however closed on Friday at US$ 395 pmt .
Click here for Vistaar's forecasted (indicative) spot freight rates for coal & iron-ore cargo for 11 specific routes.
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Tuesday, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Karbindo Abesyapradhi - Indoneisa
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- PTC India Limited - India
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
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