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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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Wednesday, 03 June 09
BUILDING A ROAD TO LINK 3 GIANTS - THE JAKARTA GLOBE
Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising ...
Tuesday, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) ...
Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic p ...
Tuesday, 02 June 09
INDONESIA'S COAL EXPORTS REACH US$ 3.44 BILLION SO FAR THIS YEAR - TRADINGCHARTS
Indonesia`s coal exports in the January-April 2009 period increased by 21.31 per cent to US$3.44 billion compared to US$2.83 billion in the same per ...
Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS
Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan List ...
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- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- White Energy Company Limited
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Planning Commission, India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
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