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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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Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
Wednesday, 17 June 09
MINE BLAST KILLS NINE, BURIES DOZENS
A major mine explosion near Sawahlunto city, West Sumatra, Tuesday, killed at least nine people while more than 30 were buried and are feared ...
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- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
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