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Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 pct from last week and closed at 3,542 points.
The main reason for BDI increase was again due to Cape index which went up by 23% in last one week and closed at 5,957 points. The Panamax and Supramax went up by 12 - 13% and closed at 3,324 points and 2,051 points respectively.
Handysize saw a marginal increase of 6% and closed at 843 points.The BDI seems will remain between 3,000 - 4,000 points for next few weeks.
On the Supramax ships opening Far East and India were being fixed at around US$ 18, 000 / 19, 000 and US$ 26, 000 / 27, 000 respectively.
This would have the freight rates for coal / coking coal ex Indonesia / Australia and iron ore freight ex. India increase by about 20 - 25% compared to last week. Short period rates for supramax opening Far East was around US$ 17,000 / 17,500 pday.
Panamax opening Far East were seen bing fixed at US$ 20,000 / 21,000 per day. China's import of iron ore continued to be strong and the iron ore import in June 2009 was at 55 million tonnes which is same as in April and May 2009.
It will be interesting to see if whether this volume of import will be maintained which will have a direct effect on the freight market - Vistaar Shipping, Singapore
The congestion at Australian ports continues to be at around 121 vessels waiting off EC Australia. The congestion at Indian ports was easing except for Paradip where congestion continues.
The average charter rates at Cape / US$ 64,714 per day, Panamax / US$ 26,601 per day, Supramax / US$ 21,445 per day and Handysize / US$ 12,084 per day.
The future for 3 years 2010 / 2011 / 2012 is around Cape / US$ 32,000 per day , Panamax / US$ 17,000 per day, Supramax / US$ 13,500 per day and Handysize / 10,500 per day.
The crude prices was up and the brent crude prices increased to US$ 65 per barrel. The bunker prices firmed and the IFO (380 cst) prices ex. Singapore went up to US$ 415 per mt .
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
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Australian Coal Association
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
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