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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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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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- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Larsen & Toubro Limited - India
- Vedanta Resources Plc - India
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- White Energy Company Limited
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Planning Commission, India
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
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