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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, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...
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Showing 6841 to 6845 news of total 6871 |
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- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
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