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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, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
Saturday, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
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- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
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- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
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- Independent Power Producers Association of India
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- MS Steel International - UAE
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- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
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- Trasteel International SA, Italy
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- London Commodity Brokers - England
- Eastern Energy - Thailand
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- VISA Power Limited - India
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- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
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- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
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- Jaiprakash Power Ventures ltd
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- European Bulk Services B.V. - Netherlands
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- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
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- PowerSource Philippines DevCo
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- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
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- Heidelberg Cement - Germany
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- Simpson Spence & Young - Indonesia
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
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- LBH Netherlands Bv - Netherlands
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
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- Thiess Contractors Indonesia
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- Medco Energi Mining Internasional
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- CIMB Investment Bank - Malaysia
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- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
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- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
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- Edison Trading Spa - Italy
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- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
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- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
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- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
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- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
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- Orica Australia Pty. Ltd.
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- Global Green Power PLC Corporation, Philippines
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