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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, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- The University of Queensland
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
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