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Saturday, 13 June 09
CLEARLY THE DRIVER FOR DRY BULK MARKET SEEMS TO BE IMPORTS BY CHINA - VISTAAR SINGAPORE
 COALspot.com (Singapore): The market saw mixed results last week. The beginning of the week saw the indices dropping including the futures , however towards end of the week, the index started to move up including the futures.
Overall the BDI lost 226 points and Cape / Panamax / Supramax / Handysize lost 97 / 498 / 110 / 53 points respectively. The BDI has gone up by more than 500 pct since the lows on Dec 2008 and interestingly the BDI is almost close to the last five year average which is a healthy level.The average charters rates per day at the closing of the week at Cape / US$ 74,889; Panamax / US$ 22,140 ; Supramax / US$ 18,006 and Handysize / US$ 11,939.
The iron ore and coal accounts to almost 50 pct of the global sea borne trade and the dry bulk freight will depend heavily on the volume imported by China . According to Ministry of Transportation of China the iron ore imports this year from Jan-May has totaled 258 million tonnes, which is 4 million tonnes more than the first half of last year. Unloading of coal in China (including domestic and foreign trade) will probably reach 49.2 million tons, an increase of 10.8 percent over the same period last year.
"Clearly the driver for dry bulk market seems to be the iron ore and coal imports by China" - Capt. Reddy, MD, Vistaar Shipping
Some of the factors which are likely to affect the global economy are out come of Iranian elections, Fresh UN Sanctions on North Korea and WHO declaring H1N1 Flu as starting of a Global pandemic.
The South American and US Gulf market continued remained firm. The PG/WC India region was extremely firm due to shortage of tonnages in June, where supramax were fixed at around US$ 20000 per day for trips S.Africa to India and India to far East. The Far East/Se asia market continued to be soft and saw many vessels spot especially the older tonnages.
The short period rates with delivery Far East was around Supramax - US$ 15,000/16,000 ; Panamax / US$ 20,000 and Cape / US$ 52,000. There was relatively few long period fixtures were reported last week. Next week is expected to maintain same levels with no major changes in the freight levels.
The bunker prices continued to remain firm with brent crude touching US$ 72 per barrel and the IFO (380 cst) prices ex Singapore touching around US$ 405 pmt levels.
The crude prices is expected to remain soft / firm over next couple of weeks and hence the bunker prices also would be high. The outcome of Iranian elections is expected to have a major impact on the crude oil prices.
The indicative spot freight rates on Supramax as follows:
Coal
- Indonesia / East Coast India : US$ 13.00 / 13.50 pmt
- Indonesia / West Coast India : US$ 17.00 / 17.50 pmt
- Richards Bay / West Coast India : US$ 20.00 / 20.50 pmt
- Richards Bay / East Coast India : US$ 21.50 / 22.00 pmt
- Queensland / East Coast India : US$ 19.50 / 20.00 pmt
Iron Ore
- West Coast India / N.China : US$ 17.50 / 18.00 pmt
- East Coast India / N.China : US$ 15.50 / 16.00 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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Showing 6716 to 6720 news of total 6871 |
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- Minerals Council of Australia
- Australian Coal Association
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Planning Commission, India
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
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