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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 to be firm however towards end of the week the freight market appeared to slow down , the main reason could be due to holidays in most parts of the world.
The BDI ended this week at 2786 with a increase of 242 points. The main reason for increase in BDI is due to increase in Cape Size index which has gone up this week by 852 points and charter hires gone up by US$ 11,000 per day at US$ 45,000 per day .The Panamax went up by 181 point and Supramax by 83 points .
The momentum of Chinese imports of iron ore / coal seemed to be steady and needs to be seen whether this will be maintained over the next few weeks. Understand the Chinese are stocking iron ore and some sources suggest that about 100 million tons of iron ore is piled up at various ports which is enough for several months production.
"The decisive election results in India and formation of a stable government for next 5 years, the Indian market is expected to have a sustained growth" Vistaar shipping MD Capt. Reddy told to COALspot.com
The spot supramax continued to be firm , however there was slight softening towards end of the week. The supramax in feast/se Asia were seen being fixed at US$ 15,000/18,000 per day depending on the position for trips to India and Pacific round voyages.
The monsoons is expected to hit West Coast India early this year and the iron ore shipments will slow down from west coast India.
The week continued to see Ships vessels ballasting to South America / Black sea from India / PG range being fixed at around US$ 16,000 per day.
The bunker prices continued to remain firm with brent crude at US$ 61 per barrel and the IFO prices ex Singapore touching US$ 357/358 pmt levels.
The short period (4/6 months) rates for larger supramax is around US$ 15,000 per day in Far east / SE Asia region future. One year period rate for supramax reported at US$ 14,000 per day with delivery India / Feast region.
The forward freight rates for 3/5 months is expected to be around the same as the below indicated spot rates, unless there are some major changes in the global scenario.
The indicative spot freight rates on Supramax as follows:
Coal
-Indonesia / East Coast India : US$ 13.00 / 13.50 pmt
-Indonesia / West Coast India : US$ 16.00 / 16.50 pmt
-Richards Bay / West Coast India : US$ 18.00 / 18.50 pmt
-Richards Bay / East Coast India : US$ 19.00 / 19.50 pmt
-Queensland / East Coast India : US$ 21.50 / 22.00 pmt
Iron Ore
-West Coast India / N.China : US$ 15.50 / 16.00 pmt
-East Coast India / N.China : US$ 14.00 / 14.50 pmt
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Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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- Iligan Light & Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Australian Coal Association
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Parliament of New Zealand
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
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