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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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Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
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- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Sical Logistics Limited - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- White Energy Company Limited
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
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