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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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Thursday, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
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- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Petron Corporation, Philippines
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
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