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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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Wednesday, 03 June 09
POWER DEMAND TO BOOST INDIA COAL IMPORTS DURING MONSOON - STEELGURU
Reuters quoted Indian coal importers said that strong demand for power in India is likely to keep coal imports at the maximum level possible in the ...
Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to ...
Wednesday, 03 June 09
NEWCASTLE COAL EXPORTS JUMP 20 PERCENT; SHIP QUEUE LENGTHENS - BLOOMBERG
Coal exports from Australia’s Newcastle, the world’s biggest export harbor for the fuel, jumped 20 percent last week while the number of ...
Wednesday, 03 June 09
IPL-2 OVER, INDIAN COAL LEAGUE BEGINS IN SOUTH AFRICA - ECONOMICTIME
Steel, cement and power companies, which have traditionally relied on cheap Indonesian coal to fuel their factories, are rushing to buy South Africa ...
Wednesday, 03 June 09
BUILDING A ROAD TO LINK 3 GIANTS - THE JAKARTA GLOBE
Madhu Koneru is building a road to the future that will bring together the financial heft of the Middle East, the technological know-how of a rising ...
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- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- White Energy Company Limited
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Minerals Council of Australia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
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