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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, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
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- Economic Council, Georgia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
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