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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
 COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI is mainly due to Cape which was down by 890 points and closed at 7,106 points. The Panamax index also dropped by 308 points and closed at 2,817 points. The Supramax index was almost at same levels just down by 15 points and closing at 1,734 points, whereas the Handysize index dropped by 245 points closing at 764 points.
The average charters rates at the close of the week was at Cape / US$ 78,945; Panamax / US$ 22,582 ; Supramax / US$ 18,134 and Handysize / US$ 11,004. The BDI as mentioned last week seems will continue to be between 3,500 to 4,500 points for next few weeks.
There is heavy congestion at Australian ports reaching all time high to 120 ships in East Coast Australia.
Also several Chinese and some Indian ports are congested heavily. There could a correction in BDI and pressure could be on the dry bulk market if the congestion reduces at these ports there is a possibility that the market could soften.
The iron ore import by China continued to remain firm and China is expected to import around 517 million tonnes this year 2009 compared to 480 million tonnes last year 2008.
There is a talk of Indian government imposing a export tax/levy on iron ore which could make Indian iron ore less competitive compared to Barzilian and Australian iron ore. This could affect the shipping market especially the Supramax and handysize sector. Since last two/three weeks Supramax ships continued enjoyed good charter rates at usd 20,000-22,000 per day.
The other factor which could have a major impact on shipping is discovery of 3 billion tons of iron ore deposits by China in Liaoning Province (near Beijing) ,however the grade may not match rich ores of Brazil and Australia, the deposit could still impact long-term import demand for the Chinese steel industry, and therefore reduce shipments for major global suppliers like BHP Billiton Rio Tinto , and Vale.
The Supramax from India to China continued to enjoy good charter rates and the iron ore charterers having to pay higher freight. The Far East/South East Asia was slightly soft as compared to last week. Other regions also was slightly soft.
The short period rates with dely Far East was around same almost at levels as last week at Supramax- US$ 15,000 / 16,000 ; Panamax / US$ 21,000 and Cape / US$ 58,000.
There was relatively less period activity compared to last week.
The crude prices was slightly soft with brent crude down to US$ 67 per barrel but however the prices rebound to US$ 70 per barrel levels. The bunker prices for IFO (380 cst) prices ex Singapore was firm at US$ 405-410 pmt.
"Most analysts expect that the crude prices is expected to maintain at the current levels and bunker prices expected to remain firm" - Capt.Reddy, Vistaar Shipping, Singapore
The indicative spot freight rates on Supramax quoted by Vistaar Shipping is as follows:
Coal
-Indonesia / EC India : US$ 13.50 / 14.00 pmt
-Indonesia / WC India : US$ 16.50 / 17.00 pmt
-Richards Bay / WC India : US$ 21.00 / 22.00 pmt
-Richards Bay / EC India : US$ 22.00 / 23.00 pmt
-Queensland / EC India : US$ 20.00 /21.00 pmt
Iron Ore
-WC India / N.China : US$ 18.00 / 19.00 pmt
-EC India / N.China : US$ 17.00 / 18.00 pmt
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Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
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- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Planning Commission, India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Jindal Steel & Power Ltd - India
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- PTC India Limited - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
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