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Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
 COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct this week to 4,107 points. The panama index also moved up by 14 pct this to 2,705 points. The supramax and handysize index did not change much and was almost at same levels. The average charter hire was at Cape / US$ 40,711 per day,Panamax / US$ 21,722 per day , Supramax / US$ 18,825 per day and Handysize / US$ 13,749 pday.
According to Vistaar Shipping, the supramax index in the Far East (S6 route) moved up by about US$ 500 and was at US$ 14,970 per day. The ECI / China (S7) route was also slightly soft at US$ 18,533 per day. These routes is expected to move as the Chinese holidays are over.
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$ 24,000 per day, Panamax / US$ 15,000 per day, Supramax / US$ 14,000 per day, Handysize / US$ 10,500 per day says, Capt. Reddy, MD Vistaar Shipping, Singapore
According to yesterday’s weekly report by shipbrokers George Moundreas & Co, compiled by George Grigoriadis, India could also emerge as a potential “player” in the dry bulk market. “India is actively looking for new sources of coal, with Mozambique being the latest trend. According to Coal India Ltd., imports could increase by 140 million tonnes per year by 2012” said Mr. Grigoriadis.
He further adds that “this means in simple arithmetic and in Supramax terms, additional needs for 300 ships by 2012, just for this trade. The size of the current Supramax orderbook for the period 2010-2013 is about 50% of this, which is a clear indication that the days of balance (between supply and demand) may not come soon, but they will arrive sooner than what we think”. Still, in the short and mid-term this type of dependence from emerging economies must be reduced during 2010, through a speedier recovery and contribution to tonnage demand from the US, the EU and Japan, in order for the freight market to withstand the delivery of almost five new dry bulk carriers per day, as dictated by the current global orderbook.
The congestion in Australia was slightly less at 122 in EC Australia and 22 iron ore vessels waiting WC Australia. The berthing delays at DBCT continued to be around 24 days and New Castle at 16 days. The congestion in Paradip and Haldia continues to high and uncertain.
The crude prices slightly moved up this week and brent crude was at US$ 69.50 per barrel and the bunker prices was around US$ 431 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 specific routes (cs)
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Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
Thursday, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
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- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Planning Commission, India
- Ministry of Mines - Canada
- PTC India Limited - India
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
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