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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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Tuesday, 23 June 09
NAPOCOR TO RE-TENDER FOR 195,000 T COAL IN JULY
Electricity producer National Power Corp. (Napocor) will hold a tender on July 15 to buy 195,000 tons of steam coal for its Sual power station, the ...
Monday, 22 June 09
ONE DIES IN KUTAI COAL TUNNEL COLLAPSE
The Jakarta Post reported that, A tunnel at a coal mine belonging to company PT Fajar Bumi Sakti in Kutai Kartanegara, East Kalimantan collapsed on ...
Monday, 22 June 09
THIS WEEK IS EXPECTED TO BE FIRM AND DEMAND OF SHIPS WOULD BE STRONG - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI up by 487 points over last week which is an increase of almost 13 pct. The increase is again mainly due to Ca ...
Monday, 22 June 09
CHINESE MAY COAL IMPORTS HIT RECORD 9.43 MILLION TONNES
Reuters quoted Custom Data showed that China's coal imports hit an all-time record of 9.43 million tonnes in May.
The figure surpasses the previ ...
Monday, 22 June 09
SOUTH AFRICAN EXPORT COAL DECLINES ON WEAKENING EUROPEAN DEMAND
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, posted the first dro ...
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Showing 6656 to 6660 news of total 6871 |
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- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Independent Power Producers Association of India
- The University of Queensland
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
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