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Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness and the market continued to be soft until closing of last week. However the BDI was up on Friday closing at 1806.
The spot supramax demand was quite firm where ships were demanding US$ 15,000/16,000 per day for trips to India and Pacific round voyages. The market for second Half May seems to be weak and charter rates are likely to coming down.
The iron exports from India has been slowing down and ships from India were seeing around US$ 12,000 per day. With the onset of Monsoons the cargoes out of India will be much less especially West Coast India and this is likely to cause weakness and the market for ships opening WC India and PG region.
Capt. Reddy, MD of Vistaar Singapore, indicated spot freight rates from Indonesia to east coast India for coal loading at US$ 10.75 and west coast at US$ 13.50 PMT compare to US$ 15/16 last week to WC India .
The softness reasons could be attributed to coming holidays and golden week in China , however no effect of H1N1 flu yet on the shipping market. Meantime Richards Bay, South Africa to East Coast India at US$ 14.50 and west Coast India at US$ 14.00 pmt for Supramax Loading. Queensland to EC India freights at usd 16 pmt.
Iron Ore loading from India to north China was between US$ 11.50 to 12.50 pmt depending on loading port / loading terms in India. Capt. Reddy is optimistic about cargo volume in and out to India due to the demand of steam coal and will continue to rise in India with additionally with Pakistan planning to import about 3 million tons of coal this year.
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Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
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- Banpu Public Company Limited - Thailand
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Ministry of Finance - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Kepco SPC Power Corporation, Philippines
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- Bhatia International Limited - India
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- Bulk Trading Sa - Switzerland
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- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
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- Thiess Contractors Indonesia
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- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
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- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
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- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
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- Indogreen Group - Indonesia
- Australian Coal Association
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- Mjunction Services Limited - India
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- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
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- Ministry of Transport, Egypt
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Uttam Galva Steels Limited - India
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- Posco Energy - South Korea
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- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
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- Energy Link Ltd, New Zealand
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- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
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- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
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- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
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- PTC India Limited - India
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- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
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- Commonwealth Bank - Australia
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- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
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