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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, 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 ...
Tuesday, 20 October 09
RECAPITAL SET TO BUY INDONESIA'S BERAU COAL - SOURCES
* COULD PAY AT LEAST $1.3 BLN FOR BERAU - SOURCES
* RECAPITAL CONFIRMS IT HAS BID FOR BERAU
* BAKRIE GROUP LIKELY TO BACK BID – SOURCES
...
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- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Global Business Power Corporation, Philippines
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