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Monday, 27 July 09
SHORT AND ONE YEAR PERIOD RATES FOR SUPRAMAX WAS FIRM AT AROUND US$ 18, 000 -18,500 PER DAY
 COALspot.com (Singapore): The Supramax charter rates up sharply last week (ended 24th July 2009), especially India / Far East region said, Capt. Reddy, MD of Vistaar Shipping of Singapore.
However the BDI was down by about 5 pct and closed at 3,345 points. The cape index fell by 13 pct this week and closed at 5,170 points. All other index went up marginally from to 2 - 6 pct to side and closed at Panamax / 3,524 points, Supramax / 2,091 points and handysize / 879 points, said Capt. Reddy on Monday.
The BDI continues to be around 3,500 points and seems will maintain between 3,000-4,000 points.
Supramax charter rates opening in India to China was firm and up by almost US$ 8,000 per day and ships have been reported fixed at around US$ 32,000 - 33,000 per day. Ships opening Far East also was quite firm and for single voyages the charter rates was around US$ 18,000-20,000 per day.
There has been quite a few period fixtures reported last week. Short and one year period rates for Supramax was firm at around US$ 18, 000 - 18,500 per day. Panamax rates for short period and one year period was at around US$ 20,000 - 22,000 per day.
The spot average charter rates was at Cape / US$ 55,193 per day, Panamax / US$ 28,209 per day , Supramax / US$ 21,861 per day and Handysize / US$ 12,648 per day.
Vistaar Shipping, an experinced ship operator in Singapore further said, the future for 3 years 2010 / 2011 / 2012 would be around Cape / US$ 32,000 per day, Panamax / US$ 17,000 per day, Supramax / US$ 14,000 per day and Handysize / US$10,500 per day.
The main reason for the firm rates seems to be because of grain cargoes ex NOPAC and iron ore buying by China with iron ore CIF prices touching almost US$ 100 pmt. Suspension of spot sales by Australia seems to be the main reason for increased buying by China from India and Brazil.
The other reason is increased demand of coal imports by China. With some news of iron ore prices likely to be concluded in next days by China with Australia, there could be some changes to the freight market. Most steel mils are reporting losses and others are reporting decline in profits due to sluggish demand , the steel demand has to pick and demand also should be good to support import of large quantities of iron ore by China.
The charter rates ex US Gulf and South America was fairly flat and no ships were reported fixed ex Persian Gulf / India ballasting to South America.
The congestion in Australian ports continues with slightly less number of ships this week to 103. In India except for Paradip all other ports are having minimum delays.
The crude prices was up and the brent crude prices was up sharply to around US$ 69 per barrel. The bunker prices firmed up and the IFO(380 cst) prices ex Singapore was quite volatile this week ranging from US$ 409-430 pmt. The prices closed on 24 July 2009 Friday at around US$ 432 pmt.
Click here for Vistaar Shipping's forecasted (indicative) spot freight rates for coal & iron-ore cargo for 11 specific routes. (cs)
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Thursday, 06 August 09
CHINA JULY COAL IMPORTS AT 9.5 MLN T, DEMAND FIRM
* Coal imports at key ports in July 2.8 times year-ago levels
* July coal imports down nearly 40 percent from June
* China still buying overseas c ...
Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...
Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that, A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...
Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...
Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...
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- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- The University of Queensland
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Planning Commission, India
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
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