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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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Friday, 06 March 09
CHURCHILL STARTS REVERSE DRILLING AT INDONESIAN COAL PROJECT
Miningweekly reported that, Aim-listed minerals explorer Churchill Mining on Thursday stated that reverse drilling at its East Kutai coal project (E ...
Thursday, 05 March 09
UAE FUND PLANS INDONESIA COAL RAIL LINK
News.alibaba reported that, A United Arab Emirates' fund signed a memorandum of understanding on Monday (2 March 2009) with an Indonesian prov ...
Thursday, 05 March 09
CHINA COAL-PRICES LITTLE CHANGED DESPITE PLUNGE ABROAD
China's spot coal prices were little changed from a week earlier, despite the sharp fall in the international market, and demand for coal remains s ...
Thursday, 05 March 09
RAK TO BUILD COAL FIRED POWER STATION
The National Ras al Khaimah, which is developing a coal mine in Indonesia, will build a coal-fired power plant in the emirate in the next two years ...
Wednesday, 04 March 09
COAL: GLOBAL DEMAND WEAKENS
The Jakarta Post reported that, While coal prices were stickier on the way down compared to other commodities like oil, the Newcastle price now sugg ...
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- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
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- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
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- Merrill Lynch Commodities Europe
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- Mercuria Energy - Indonesia
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- Thiess Contractors Indonesia
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- Chamber of Mines of South Africa
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- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
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- Vijayanagar Sugar Pvt Ltd - India
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- Indian Energy Exchange, India
- India Bulls Power Limited - India
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- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
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- Wood Mackenzie - Singapore
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- Alfred C Toepfer International GmbH - Germany
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- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
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- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
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- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- McConnell Dowell - Australia
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- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
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- Videocon Industries ltd - India
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- Tamil Nadu electricity Board
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- Energy Link Ltd, New Zealand
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
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- Singapore Mercantile Exchange
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- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
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- Electricity Generating Authority of Thailand
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- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- The University of Queensland
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- ASAPP Information Group - India
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- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
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- Manunggal Multi Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
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- Anglo American - United Kingdom
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
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- White Energy Company Limited
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- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
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- International Coal Ventures Pvt Ltd - India
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