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Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic activity in the freight market. The BDI ended this week at 2194 which is an increase of 388 points over last one week. There has been quite a good demand for ships out of Indonesia, South America and US Gulf and there has been good amount of cargoes.
The spot supramax demand was quite firm for cargoes out of Indonesia and have been demanding US$ 15,000/17,000 per day for trips to India and Pacific round voyages. The market is expected to continue to be firm over next week. However the market is likely to come off towards end May/early June.
The iron ore exports from India have been steady and supramax ships were being fixed at around usd 13000 per day. The WC India market is expected to weaken second half of May due to monsoons and could see ships ballasting to South Africa / South America.
Vistaar added, the bunker prices had increased substantially and current IFO prices around 350 pmt. This will have a additional impact on the freight. The short period (4/6 months) rates for larger supramax is around US$ 13,000 / 14,000 per day in Feast/ SE Asia region
Vistaar's forecasted indicative spot freight rates on Supramax for next coming weeks as follows:
Coal
- Indonesia / East Coast (EC) India : US$ 13 / 13.50 pmt
- Indonesia / West Coast (WC) India : US$ 16.50 /17.00 pmt
- Richards Bay / West Coast (WC) India : US$ 15.50 pmt
- Richards Bay / East Coast (EC) India : US$ 16.00 pmt
- Queensland / East Coast (EC) India : US$ 18 / 18.50 pmt
Iron Ore
- WC India / N.China : US$ 13 /13.50 pmt
- EC India / N.China : US$ 12.50 pmt
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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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- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Goldman Sachs - Singapore
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Videocon Industries ltd - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
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