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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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Friday, 08 May 09
INDONESIAN STATE AUDIT BOARD COULD ONLY REACHED A SMALL NUMBER OF KP AND PKP2B - MAJALAHTAMBANG
THE LACK of personnel and the very limited time period have been the reasons why the 2nd semester of the special purpose audit for coal mining ...
Friday, 08 May 09
B.C.'S MINING INDUSTRY HIGH COAL PRICES TO RECORD 2008 PROFITS - PAGUNTAKA
AGGREGATE pre-tax earnings rose to $3.2 billion, the highest amount in the 41-year history of a PricewaterhouseCoppers survey.
B.C.’s minin ...
Thursday, 07 May 09
ASIA COAL-PRICES EASE TO NEAR $63 ON DEMAND CONCERNS - REUTERS
AUSTRALIAN thermal coal prices, a benchmark for Asia, edged lower to around $63 a tonne on concerns over demand, after hitting a two-week high of $6 ...
Thursday, 07 May 09
RICHARDS BAY COAL SHIPMENTS FALL MOST IN 9 MONTHS - BLOOMBERG
RICHARDS BAY Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments fell 24 percent last month, the biggest drop in nine mo ...
Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
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- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- PNOC Exploration Corporation - Philippines
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
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