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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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Tuesday, 02 June 09
GOVT FINALIZING DMO MECHANISM, REFERENCE PRICE FOR COAL - THE JAKARTA POST
Indonesia, the world's largest thermal coal exporter, is finalizing regulations on a reference price on coal, on a domestic market obligation (DMO) ...
Tuesday, 02 June 09
CHINA OVERSEAS COAL DEMAND TO STAY BUOYANT-MINERS (REUTERS)
China's demand for overseas coal is expected to stay strong in the second half as long as prices of imported coal maintain a discount to domestic p ...
Tuesday, 02 June 09
INDONESIA'S COAL EXPORTS REACH US$ 3.44 BILLION SO FAR THIS YEAR - TRADINGCHARTS
Indonesia`s coal exports in the January-April 2009 period increased by 21.31 per cent to US$3.44 billion compared to US$2.83 billion in the same per ...
Tuesday, 02 June 09
INDONESIA'S BUKIT ASAM AGREES HIGHER COAL PRICES - REUTERS
Indonesian state coal miner PT Bukit Asam Tbk said it has agreed coal prices for two power plants owned by state electricity firm PT Perusahaan List ...
Tuesday, 02 June 09
ADARO MAY RAISE COAL SALES TO CHINA, INDIA PLANTS - THE JAKARTA GLOBE
PT Adaro Energy, the country’s second-largest coal producer, may increase sales of power-plant coal to China and India on signs of a global ec ...
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- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- The University of Queensland
- Chamber of Mines of South Africa
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Australian Coal Association
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
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