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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, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...
Wednesday, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
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- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
- PTC India Limited - India
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
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