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Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
 COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limited of Singapore, said to COALspot.com.
Vistaar, a ship operator from Singapore,further said, Over the last 2 weeks the BDI is up by 40 pct and almost up by 300 pct since the lows of 2008. The BDI ended this week at 2544 which is an increase of 352 points over last one week. The demand for ships has been quite good in all regions and the vessels enjoyed healthy charter rates.
The main reason for the increase in the freight market seems to be huge imports of iron ore and coal by China. China has imported in excess of 50 million tons of iron ore in April alone, which seems to be the main reason for the increase in the freight market. It will be interesting to see if the same momentum is maintained.
The spot supramax demand was quite firm for cargoes out of Indonesia and have been demanding US$ 15,000 / 18,000 per day depending on the position for trips to India and Pacific round voyages.
"The market is expected to remain firm over next week" - Capt. Reddy, MD, Vistaar Shipping
The iron ore exports from India has been steady and supramax ships were being fixed at around US$ 15000 / 17000 per day. There is pressure to ship out maximum iron ore cargoes out of WC India before monsoons. The week also saw quite a few supramax vessels ballasting to South America from India / PG range fixed at around US$ 15000 per day.
The bunker prices remained firm with brent crude at US$ 58 / 59 per barrel and the IFO prices ex Singapore touching US$ 355 pmt levels.
The short period (4/6 months) rates for larger supramax is around US$ 15000 / 16000 per day in Far east / SE Asia region future. One year period rate for supramax reported at US$ 13000 / 13500 per day with delivery India / Far east region.
The indicative spot freight rates forecasted by VISTAAR SINGAPORE on Supramax as follows:
Coal
Indonesia / East Coast (EC) India : US$ 13.00 / 13.50 pmt
Indonesia / West Coast (WC) India : US$ 16.50 / 17.00 pmt
Richards Bay / Est Coast (WC) India : US$ 16.00 / 17.00 pmt
Richards Bay / East Coast (EC) India : US$ 17.50 / 18.00 pmt
Queensland / East Coast (EC) India : US$ 19.00 / 19.50 pmt
Iron Ore
WC India / N.China : US$ 15.00 pmt
EC India / N.China : US$ 14.00 pmt
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Monday, 15 June 09
POWER PLANT SUFFERS FROM COAL CRISIS - THE STATESMAN
The 3,000 mw NTPC-Kaniha power plant, the second biggest in the country, is facing an unprecedented coal crisis with stocks dipping to a low of only ...
Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however t ...
Friday, 12 June 09
SOUTH SUMATERA SPEEDS UP INTERNATIONAL HARBOR CONSTRUCTION - TEMPO INTERACTIVE
The South Sumatera Government will speed up construction of the international harbor Tanjung Api-Api. The harbor is a strategic entry point for comm ...
Friday, 12 June 09
CHINA SHENHUA NOT EYEING NEW FOREIGN COAL MINES - MEDIA
China Shenhua Energy Co Ltd , the top Chinese coal miner, will not consider buying any major overseas mines before it starts operating the Watermark ...
Friday, 12 June 09
CHINA TOP POWER COS SIGN REGIONAL COAL DEALS - REUTERS
China's top five power generating groups have signed 2009 coal supply contracts with miners in Guizhou and Xinjiang, with prices up 4 percent on th ...
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- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Planning Commission, India
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- White Energy Company Limited
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Australian Coal Association
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- The University of Queensland
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
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