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Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.
The Panamax index went up by 15 pct and closed at 2,486 points. The Cape / Supramax / Handysize was almost same and closed at 3,651 / 1,742 / 867 respectively. The average charter rates were at Cape / US$ 34,647 , Panamax / US$ 19,921, Supramax / US$ 18,221 and handysize / US$ 12,358.
"It appears that next week also would be soft and the BDI likely to be around 2,500 points" said, Capt. Reddy, Managing Director of Vistaar Shipping Singapore, an experinced ship operator in Singapore.
The supramax index in the far-east (S6 route) dropped only by about 3 pct and the charter hire was at US$ 11,040 per day. The ECI / China (S7) route softened by almost 12 pct and the charter hire was at US$ 16,346 per day.
This India / Far-east region could be weak until iron ore imports by china increases. Quite a few ships were reported ballasting from India towards South America.
There were quite a few period charter reported on Panamax vessels. One year Panamax charter hire is around US$ 19,000 / day. One year charter rates for Supramax was at around US$ 16,000 / day and short period rates for vessels opening Far-east / SE Asia was around US$ 15,500 / day.
According to Vistaar Singapore, the futures for three years for 2010-2012 is around Cape - US$ 26,000 / day, Panamax - US$ 15,500 / day, Supramax - US$ 14,000 / day and Handysize - US$ 10,000 / day.
The congestion in China is easing off and this could result in more availability of vessels. Congesting in Australia remained at almost same levels at about 122 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.
The crude prices were under pressure and brent crude was soft at US$ 67 per barrel and the bunker prices was around US$ 427 pmt for IFO(380 cst) prices ex Singapore.
Click here for Vistaar's forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for 11 specific routes.(cs)
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Friday, 11 September 09
L&T EYES AUSSIE COAL MINE
Commodity Online reported that, Larsen and Toubro is in talks to buy a thermal coal mine in Australia for about $300 million. Thermal coal is used f ...
Wednesday, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
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- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Kobexindo Tractors - Indoneisa
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Planning Commission, India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- India Bulls Power Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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