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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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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Karaikal Port Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Planning Commission, India
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- VISA Power Limited - India
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
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