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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, 06 April 09
RICHARDS BAY COAL TERMINAL EXPORTS ROSE 5 PERCENT IN MARCH - BLOOMBERG
South Africa’s Richards Bay Coal Terminal, the world’s largest coal-export facility, shipped 5 percent more coal in March than the same ...
Monday, 06 April 09
INDIA'S OSWAL CHEM EYES INDONESIAN COAL MINES -ECONOMICTIMES
Oswal Chemicals and Fertilisers (OCFL), part of Abhay Oswal-led Oswal group, has initiated talks with three separate Indonesian coal firms to ...
Thursday, 02 April 09
FOREIGNERS ALSO CHEER FOR INDONESIA'S THE NEW MINING LAW - MAJALA TAMBANG
Three mining giants, Australia's Rio Tinto along with Canada's Barrick Gold and Southern Arc, are among foreign corporations currently applying fo ...
Wednesday, 01 April 09
INDONESIAN GOVERNMENT REVISES MINING REVENUE TARGET DOWN 26% - THE JAKARTA POST
Government income from mining this year, excluding taxes, is expected to drop by about 26 percent to Rp 11 trillion ($957 million), primarily becaus ...
Wednesday, 01 April 09
INDONESIAN OFFICIAL CLAIMS NEW LEGISLATION IS VINDICATED AS OVERSEAS FIRMS LINE UP FOR MINING LICENSES - THE JAKARTA GLOBE
The Energy and Mineral Resources Ministry is expected to issue six mining licenses under the country’s new mining law over the next two months ...
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- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Australian Coal Association
- India Bulls Power Limited - India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- The University of Queensland
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Planning Commission, India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
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