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Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
 COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity prices.
The Baltic Index continued to rally this week with an increase of 309 points and ending at 3803 points. However the BDI dropped in the later part of the week but overall still appeared to be firm. Next weeks seems will be steady .
The Cape size sector continued to be firm and saw a increase of 687 point and ending with 6812 points. Panamax also gained 352 points and ending at 3252 points. The supramax and Handysize was almost stable ending at 1832 points and 880 points respectively.
"The average charters at the closing of the week is Cape / US$ 76,396 pday; Panamax / US$ 26,077 pday ; Supramax / US$ 19,152 pday and Handysize / US$ 12,690 pday" - Vistaar Shipping
The South American and US Gulf market remained firm. However in the Far East / South East Asia the demand was weak and quite a few spot ships were ballasting south wards. The Chinese imports of iron ore and coal seemed to remain firm. The cargoes bound to India also likely to remain strong especially in steam coal and fertilizers. The cargo movement seems quite good and freight market is expected to be fairly firm.
However with lot of New deliveries in the second half of 2009, there could be over supply of tonnage and the market could remain flat. The bunker prices continued to remain firm with brent crude touching almost US$ 70 per barrel and the IFO (380 cst) prices ex Singapore was around US$ 400 pmt levels.
The crude prices is expected to remain firm over next couple of weeks and hence the bunker prices also would be high.
The short period (4/6 months)rates for supramax continued to remain firm at around US$ 16000 per day with delivery Feast/SE Asia region future.
One year period rate for supramax reported at around US$ 14,000 -15,000 per day with delivery India / Far east region.
The forward freight rates for 3 / 5 months is expected to be around the same as the below indicated spot rates. The indicative spot freight rates on Supramax as follows:
Coal
- Indonesia / East Coast India : US$ 13.50 / 14.00 pmt
- Indonesia / West Coast India : US$ 17.00 / 17.50 pmt
- Richards Bay / WC India : US$ 19.00 / 19.50 pmt
- Richards Bay / East Coast India : US$ 20.00 / 20.50 pmt
- Queensland / East Coast India : US$ 19.50 / 20.00 pmt
Iron Ore
- Wast Coast India / N.China : US$ 16.50 / 17.00 pmt
- East Coast India / N.China : US$ 15.00 / 15.50 pmt
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Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...
Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal ...
Monday, 29 June 09
INDONESIA PLANS 20 PCT FOREIGN MINING SALE LAW
Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but m ...
Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-dem ...
Monday, 29 June 09
GOVERNMENT FINE TUNES MINING LAW
The government is planning to require all foreign-owned mining companies to divest 20 percent of their businesses to local entities after five years ...
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- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- CNBM International Corporation - China
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- White Energy Company Limited
- PTC India Limited - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Planning Commission, India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Australian Coal Association
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