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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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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
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