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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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Sunday, 21 June 09
CHINESE MINERS SEAL THERMAL COAL DEALS WITH JAPAN AND KOREA
As the confrontation between China's power and coal enterprises become more and more serious, coal enterprises which had supposedly been in the sho ...
Sunday, 21 June 09
MERCATOR TO BUY 3 BULK VESSELS
Mercator Lines, India’s second-largest private shipping company, is expanding its capacity and is set to acquire three gearless post-Panamax b ...
Sunday, 21 June 09
COAL SCARCITY HITS BIHAR POWER PLANTS
The Rs 60,000 crore 12,500mw power projects cleared by the State Investment Planning Board (SIPB) which could change the face of Bihar if commission ...
Sunday, 21 June 09
NLC CHALKS OUT RS 40K CR INVESTMENT
Public sector mini rathna, Neyveli Lignite Corporation is in rapid expansion mode and has chalked out Rs 40,000 crore investment both in
the mining ...
Sunday, 21 June 09
TRANSPORT PROBLEMS HOLD BACK RUSSIAN COAL EXPORTS
Limited rail capacity and poor port infrastructure are frustrating the ambitions of Russia's leading coal producers to increase exports quickly to ...
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- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- The University of Queensland
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Australian Coal Association
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
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