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Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by 11 pct to 2,677 points and charter rate dropped by US$ 4,200 this week to US$ 23,317 per day.
The cape index has been softening continuously since July 2009 and seems that there would be pressure on Cape size vessels in next coming weeks. The Panamax index softened this week and the index dropped by 10 pct to 2,317 points. The Supramax / Handy size index has been steady this week and closed at 2,058 and 960 points respectively. The charter hire end of this week was at Cape / US$ 23,317 per day, Panamax / US$ 18,593 per day, Supramax / US$ 21,514 per day and Handy size / US$ 13,529 per day.
The Supramax index in the Far East (S6 route) continued to be holding and the charter hire was at US$ 14,900 per day. The ECI / China (S7) route also firmed up by 6 pct and the charter hire was at US$ 19,613 per day. The India / Far East seems will be firm next week.
Short period rates for Supramax was around US$ 17,000 per day for vessels opening Far East / SE Asia. The futures for three years for 2010-2012 is around Cape / US$ 23,000 per day, Panamax / US$ 15,000 per day, Supramax / US$ 14,000 per day, Handy size / US$ 10,500 per day.
According to Allied Ship broking’s latest weekly report, the global order book for all ship types equals to more than 4,800 vessels, with expected deliveries from 2009 and up to 2012.
During this year, there are expected deliveries of 690 dry bulk vessels, with their numbers almost doubling at 1,273 in 2010, before dropping to 940 in 2011 and even lower at 345 in 2012.
As far as tankers are concerned, owners are expected to accept deliveries of 508 in 2009, 600 in 2010, 400 in 2011 and just 56 in 2012.
The unprecedented deliveries of this large volume is definitely likely to put pressure on charter rates says Capt. Reddy, Managing Director of Vistaar Shipping, an experienced ship operator in Singapore.
The congestion in Australia was at 112 vessels in EC Australia and 18 iron ore vessels waiting WC Australia.
The berthing delays at DBCT is almost at 24 days and New Castle at 12 days. The congestion in EC India Paradip and Visakhapatnam continues to be uncertain.
The crude prices was soft this week and Brent crude was at US$ 65 pmt per barrel and the bunker prices was around US$ 417 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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Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
Wednesday, 21 October 09
INDONESIA'S BUKIT ASAM GETS COAL RAILWAY APPROVAL
Reuters reported that, Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk said on Wednesday it had been given government approval to sta ...
Wednesday, 21 October 09
COAL DEMAND SOARS AS ASIA ECONOMIES REBOUND - PEABODY
Reuters reported that, Demand for coal to generate electricity and make steel in China and India is expected to grow by 7 percent to 8 percent annua ...
Wednesday, 21 October 09
INDONESIAN SHOCK FOR INDIAN POWER PLANTS
Business-Standard reported that, India’s ambitious plans to generate an additional 180,000 Mw of power in the next seven years will face hurdl ...
Wednesday, 21 October 09
DUTA GRAHA PLANNING TO DELVE INTO MINING SECTOR
The Jakarta Globe reported that, PT Duta Graha, one of the country’s largest private engineering firms, says it intends to diversify into the ...
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- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Goldman Sachs - Singapore
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- ASAPP Information Group - India
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- The University of Queensland
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Antam Resourcindo - Indonesia
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