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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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Tuesday, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Maheswari Brothers Coal Limited - India
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- London Commodity Brokers - England
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Bulk Trading Sa - Switzerland
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
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