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Monday, 03 August 09
ONE YEAR CHARTER RATES FOR SUPRAMAX WAS AT AROUND USD 18,500 - VISTAAR SINGAPORE
COALspot.com (Singapore) : The freight market was flat this week with hardly any change in the BDI.The cape was up by about 4 pct and closed at 5,385. Panamax continued to drop and closed at 3,183 points down by almost 10 pct. The Supramax and Handysize was flat and closed at 2,081 points and 887 points.
The average charters rates at the close of the last week was at Cape / USD 57,996; Panamax / USD 25,534 ; Supramax / USD 21,755 and Handysize / USD 12,794. The BDI seems to have a resistance level around 3,500 points and expected to remain around these levels for next few weeks.
The congestion in Australia continues to be high with 112 vessels waiting EC Australia and 22 ships waiting WC Audtralia. The waiting in EC India ports Paradip and Visakhapatnam continues , the congestion is mainly due to clearance of cargo from port.
The iron ore import by China continued to remain firm for last couple of weeks and however is expected to weaken a bit as it is likely that the Chinese may import more through long term and volume is also expected to reduce for the balance year, if this happens the spot market may soften. The coal import by China also has reduced considerably.
The Supramax from India to China continued to enjoy good charter rates and the Iron Ore charterers having to pay higher freight, however the market softened slightly for ships opening ECI to China and were seen getting charter rates around USD 28,000 per day.
The Far East / South East Asia also saw some softening with Supramax vessels aiming around USD 16,000-17,000 per day compared to 18,500-19,000 per day last week.
One year charter rates for Supramax was at around USD 18,500 per day and short period rates for vessels opeing Far East.South East Asia was around USD 19,000-20,000 pday said, Capt.Reddy, MD of Vistaar Shipping, Singapore, a experinced ship operator in Singapore.
The crude prices was volatile and closed firm with brent crude closing at around US$ 70 per barrel. The bunker prices for IFO(380 cst) prices ex Singapore was firm at USD 428-430 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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Sunday, 08 March 09
AUSTRALIA'S FELIX STUDYING COAL ACQUISITIONS IN INDIA, INDONESIA
Bloomberg reported that, Felix Resources Ltd., an Australian supplier of coal to Korea and Japan, is studying acquisitions of energy coal assets in ...
Saturday, 07 March 09
THERMAL COAL PRICES MAY DROP, STANDARD CHARTERED SAYS
Bloomberg reported that, Coal prices may decline as a slump in demand for the fuel outpaces cuts in production, Standard Chartered Plc said.
Exp ...
Friday, 06 March 09
STRAITS ASIA EYES 3RD MINE
Straitstimes reported that, Mining company Straits Asia Resources is on an expansion trail to more than double its output by 2012.
Amid the econo ...
Friday, 06 March 09
INDONESIA MAY MISS 2009 COAL OUTPUT TARGET-OFFICIAL
Indonesia, the world's top thermal coal exporter, may fail to achieve its coal production target this year as the global economic crisis dents dema ...
Friday, 06 March 09
POWER FIRMS HEAD TO INDONESIA FOR COAL
The Hindu Businessline reported that, The enactment of a new, more liberal, mining legislation in Indonesia is drawing coal-starved Indian power uti ...
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- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- The University of Queensland
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- PTC India Limited - India
- Australian Coal Association
- Wilmar Investment Holdings
- Parliament of New Zealand
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
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