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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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Saturday, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
...
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- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- ASAPP Information Group - India
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
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