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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- PTC India Limited - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
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