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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, 07 July 09
Q+A - INDONESIA MINING SECTOR FACES ELECTION RISKS - REUTERS
Indonesia has struggled to lure foreign investment to its mining sector in recent years, and the nationalist line on resource exploitation taken by ...
Tuesday, 07 July 09
INDIKA ENERGY COMPLETES THE ACQUISITION OF PETROSEA
TAMBANG reported that, PT Indika Energy, Tbk has officially announced that it has completed the acquisition of PT Petrosea, Tbk. from Clough Interna ...
Tuesday, 07 July 09
RUSSIAN AUDITORS ATTACK COAL EXPORTERS OVER PRICING
Russia's budget is losing substantial revenues because the country's exporters ship coal overseas at artificially low prices through various offsh ...
Tuesday, 07 July 09
RBCT COAL EXPORTS TO REMAIN BELOW CAPACITY IN 2009
Coal volumes railed to South Africa’s Richards Bay Coal Terminal are continuing to fall far short of the corridor’s nameplate yearly cap ...
Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...
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- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Posco Energy - South Korea
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Australian Coal Association
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Heidelberg Cement - Germany
- Planning Commission, India
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
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