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Saturday, 15 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - VISTAAR SHIPPING
 COALspot.com (Singapore): The dry bulk market continued to be soft in the beginning of the week, however towards to end of the week the BDI recovered and closed at 2,752 points almost at same levels as last week.
The cape , panamax and supramax index was down by about 7 pct and closed at 4,708 , 2,391 and 1,709 respectively. The handysize index was almost steady and closed at 829 points. The average charter rates on closing of this week was at Cape / US$ 47,719 , Panamax / US$ 19,213, Supramax / US$ 17,875 and Handysize / US$ 12,010.
As we had mentioned earlier the BDI resistence levels seems to be around 2,500 points and seems next week the BDI will move up again by 10/15 pct and would be around 3,000 points .
The china's uncertainty of iron ore and coal imports seems to be the main reason of the week shipping market and is expected to be volatile for some time. The charter rates for supramax opening Far East was at around US$ 14,000 pday , however spot vessels for short voyages were reported fixed at lower levels. The Supramax rates from India to China was at around US$ 21,000/22,000 per day.
This week both these routes are expected to be firming up.
According to Capt. Reddy, MD of Vistaar Shipping, one year charter rates for Supramax was at around US$ 17,000 per day and short period rates for vessels opening Far East.SE Asia was around US$ 17,000-18,000 per day. He further said, Two / Three year charter rates is around US$ 15000-16000 per day.
The congestion in Australia seems to be easing off slightly with about 94 coal vessels waiting EC Australia and 22 iron ore vessels waiting WC Australia. The congestion in EC India Paradip and Visakhapatnam continues to be high with almost about 12/14 days waiting and this is expected to continue for some more time.
The crude prices was fairly firm during the week with brent crude , however on 14th Aug closed a bit lower at around US$ 70.70 per barrel. However the bunker prices for IFO(380 cst) prices ex Singapore continued to be firm at around IFO(380cst)/usd 445 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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Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
Monday, 17 August 09
CHINESE COAL PURCHASE COULD START A TREND
ABC Rural reported that, The takeover of a major Australian coal mining company by Chinese-owned Yanzhou has raised fears coal markets could be domi ...
Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the gl ...
Friday, 14 August 09
INDONESIA COAL-PRICES FALL TO $74, INDIA EYES SEPT CARGOES
Reuters reported that, Prices of power-station coal from Australia fell to around $74 a tonne as demand eased, while Indian buyers started to look f ...
Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
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- Parliament of New Zealand
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- Anglo American - United Kingdom
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- Chamber of Mines of South Africa
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- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
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- Samtan Co., Ltd - South Korea
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- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Planning Commission, India
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- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Xindia Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
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