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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
 COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panamax index also dropped by 17/18% and closed at 4,444 points and 2,599 point respectively. The supramax index dropped by 11% and closed at 1,840 points and the handysize index dropped by 6% and closed at 833 points.
The average charters rates at the close of this week was at Cape / US$ 45,528 ; Panamax / US$ 20,880 ; Supramax / US$ 19,242 and Handysize / US$ 12,051. The BDI may not drop below 2,500 points and feel there would be a correction next week and would between 2,500-3,000 points.
The main reason for the drop in freight market in India / Far East region seems to be reduction Iron ore imports by china. It was expected that the volume will come down for the balance of this year, however at this point no data is available for same.
According to Vistaar Shipping, an experinced ship operator from Singapore, the charter rates on Supramax from EC India to China was at US$ 22,475 per day which has dropped by almost US$ 10,000 in last two weeks where as the SE Asia round voyage the charter rates on Supramax dropped by US$ 2,700 in last two weeks. The India / Far East sector is expected to be weak next week.
Capt. Reddy, MD of Vistaar Shipping belives that, one year charter rates for Supramax was at around US$ 18,000 per day and short period rates for vessels opening Far East / SE Asia was around US$ 19,000-20,000 pday.
"Two / Three year charter rates is around US$ 15,000-16,000 per day" - Capt. Reddy
The congestion in Australian ports continues to be high with 111 vessels waiting EC Australia and 30 ships waiting WC Australia. The waiting on iron ore vessels has increased from 22 to 30 vessels this week.
The congestion in EC India Paradip and Visakhapatnam continues and this is expected to continue for some more time.
The crude prices was fairly firm and the brent crude trading around US$ 73 per barrel. The bunker prices for IFO(380 cst) prices ex Singapore was firm and gone upto IFO(380cst) / US$ 452 pmt , however closed lower at around IFO (380cst) / US$ 437 pmt.
Click here for Vistaar's forecasted (indicative) spot freight rates for coal & iron-ore cargo for 11 specific routes. (cs)
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Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
Wednesday, 15 July 09
BANGLADESH TO IMPORT COAL FROM INDIA FOR 1 MORE YR
Bangladesh has decided to import coal from neighbour India for another year to save foreign exchange and time, a commerce ministry official said on ...
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- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
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