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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- SMG Consultants - Indonesia
- Planning Commission, India
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- The University of Queensland
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
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