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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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Wednesday, 20 May 09
CIL MAY URGE NEW GOVERNMENT TO HIKE COAL PRICE - STEELGURU
BL reported that soon after assuming office the new government may be faced with a proposal for an increase in prices of coal by Coal India Limited ...
Wednesday, 20 May 09
S.KOREA COAL IMPORTS IN APRIL DOWN 22 PCT Y/Y - REUTERS
South Korea's imports of heating coal in April fell 22 percent from a year earlier on bearish demand from domestic utilities, industry data showed ...
Wednesday, 20 May 09
THE WORLD'S TOP COAL TRADING COMPANIES - REUTERS
The international physical steam coal market has become increasingly liquid and tradeable during the past five years.
Physical global seaborne co ...
Wednesday, 20 May 09
SHIPPING INDEX RISES TO 7-MONTH HIGH AS CHINESE DEMAND ADVANCES - BLOOMBERG
The Baltic Dry Index, a measure of shipping costs for commodities, rose to a seven-month high in London on accelerating Chinese demand for iron ore. ...
Saturday, 16 May 09
FREIGHT MARKET HAS BEEN EXTREMELY BUOYANT - VISTAAR SINGAPORE
COALspot.com (Singapore): The week saw the BDI rally continuing and the market freight market has been extremely buoyant, VISTAAR Shipping Pte Limit ...
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- The University of Queensland
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Australian Coal Association
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
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