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Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
 COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by about 11 pct to 3,043 points. The cape size index moved up quite sharply by about 20 pct this week (19-24 October) to 5,842 points and the Panamax index was up by 11 pct to 3,048 points.
The supramax and handy size index did not change much and was almost at same levels at 1,852 points and 895 points. The average charter hire was at Cape / US$ 50, 688 per day, Panamax / US$ 24,471 per day , Supramax / US$ 19,360 per day and Handy size / US$ 12,751 per day.
The supramax index in the Far East (S6 route) at US$ 17,870 per day. The ECI / China (S7) route was slightly firm at US$ 19, 254 per day. However the Far East / SE Asia market was quite firm due to shortage of ships.
Quite a Supramax period charter reported this week (19-24 October) . Short period rates were at US$ 17,500 / 18,000 per day for vessels opening Far East / SE Asia.
The futures for three years for 2010-2012 is around Cape / US$ 26,000 per day, Panamax / US$ 16,000 per day, Supramax / US$ 14, 000 per day, Handy size / US$ 11,000 per day says, Capt. Reddy, MD, Vistaar Shipping, Singapore
The World Steel Association forecasts that world apparent steel use (ASU) will rebound by 9.2% to 1,206 Mt in 2010, recovering from this year’s 8.6% decline to 1,104 Mt, mainly due to sustained strong growth from China. PRC demand is set to grow 18.8% to 526 Mt this year. In contrast, consumption in the world excluding China is forecast to fall
24.4% to 577 Mt. The WSA expects China’s steel consumption in 2010 to rise by 5% to 553 Mt, with demand in the rest of the world rising by 13.1% to 653 Mt.
Based on the above if the steel demand is good, the freight market is expected to have direct positive effect. However the effect of new buildings also is to be seen with quite lot of ships being delivered in next two years.
The congestion in Australia was slightly less at 94 in EC Australia and 19 iron ore vessels waiting WC Australia. The berthing delays at DBCT continued to be around 30 / 40 days and New Castle at 10 days. The congestion in Paradip and Haldia continues to high and uncertain.
The crude prices moved up sharply this week and brent crude was at US$ 78.15 per barrel and the bunker prices was around US$ 466 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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Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
Wednesday, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
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- Kapuas Tunggal Persada - Indonesia
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Economic Council, Georgia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Edison Trading Spa - Italy
- Australian Coal Association
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- PTC India Limited - India
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
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