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