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Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts about global economy recovery and talks about another stimulus package by the US.
The stock markets globaly remained soft this week. The BDI was down by 535 points which has been quite sharp and closed at 2,985 points.
The main cause for the BDI is again the Cape index which fell by 1,594 points which is about 25% drop in a week and closed at 4,844 points. The Panamax index dropped marginally by 75 points and closed at 2,952 points. The Supramax and Handysize gained by 99 points and 45 points and closed at 1,817 points and 794 points respectively.
The average charters rates at the close of the week was at Cape / US$ 51,223 ; Panamax / US$ 23,615 ; Supramax / US$ 19, 002 and Handysize / US$ 11,387.
The pressure on BDI is likely to continue , however the BDI is expected to stay around 3,000 points.
The congestion at Australian ports continues to be at around 121 vessels waiting off EC Australia. The congestion in Paradip and Haldia is continuing to be high with about 47 ships waiting at Paradip.
China's appetite for iron ore and coal imports is expected to be weak in Q3 and if this happens will definitely have a affect on the shipping market. The import of steam coal from Indonesia and South Africa to India will continue to increase especially with quite a few thermal power plants in the pipeline and will be operational in 3 / 5 years.
The Panamax / Supramax / Handy size were fairly holding firm . Supramax opening Far East were getting around US$ 15,000 - 16,000 pday for SE Asia to India / China and supramax opening in India continued to get good healthy rates around US$ 22,000 / 23,000 per day for trip to Feast.
Short period rates for Supramax opening feast was around US$ 16,000 per day. Panamax opening feast were being fixed around US$ 18,000 / 19,000 per day said, Capt. Reddy, MD, Vistaar Shipping, Singapore.
Capt. Reddy is expected the future for 3 years 2010 / 2011 / 2012 is around Cape / US$ 30, 000 per day , Panamax / US$ 17,000 per day, Supramax / US$ 13,500 per day and Handy size / US$ 10,500 per day
The crude prices was under pressure and the brent crude prices fell below US$ 60 per barrel and closed at US$ 59.89. Seems the crude prices will around US$ 60 levels next week. The bunker prices for IFO(380 cst) prices ex Singapore went down to US$ 385 pmt but however closed on Friday at US$ 395 pmt .
Click here for Vistaar's forecasted (indicative) spot freight rates for coal & iron-ore cargo for 11 specific routes.
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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
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- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
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- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Indian Oil Corporation Limited
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- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
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- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
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- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
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- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
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- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
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- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Mercator Lines Limited - India
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- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
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