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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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Friday, 22 May 09
INDONESIA`S BUKIT ASAM TO HAVE POWER PLANT IN 2011 - ANTARA
The construction of a power plant in South Sumatra by coal mining company PT Tambang Batubara Bukit Asam will be completed in April 2011.
T ...
Friday, 22 May 09
NOBLE WINS CONTROL OF AUSTRALIA'S GLOUCESTER COAL - BLOOMBERG
Noble Group Ltd., a Hong Kong- based commodity supplier, won control of Australia’s Gloucester Coal Ltd. after last week raising its cash bid ...
Thursday, 21 May 09
FBR STARTS COVERAGE OF SHIPPING SECTOR - REUTERS
Friedman Billings Ramsey began coverage of the shipping industry, saying the sector, which is amidst a deep cyclical downturn, is poised for a recov ...
Thursday, 21 May 09
INDONESIAN COAL PRODUCTION IN Q1 BELOW TARGET - STEEL GURU
Mr Bambang Gatot Ariyono director for coal and mineral development at the Energy and Mineral Resources Ministry said that the coal production in the ...
Wednesday, 20 May 09
COAL & OIL BAGS TWO CONTRACTS TO SUPPLY COAL TO CEMENT & SUGAR INDUSTRY IN INDIA
COALspot.com: According to website of Coal & Oil Company, Aditya Birla Group (Ultratech) have placed orders with Coal and Oil Company for supply ...
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- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Planning Commission, India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
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