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Saturday, 08 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - CAPT. REDDY
 COALspot.com (Singapore): The dry bulk market tumbled this week and the BDI dropped by almost 17% and closed at 2,772 points.
The cape and panamax index also dropped by 17/18% and closed at 4,444 points and 2,599 point respectively. The supramax index dropped by 11% and closed at 1,840 points and the handysize index dropped by 6% and closed at 833 points.
The average charters rates at the close of this week was at Cape / US$ 45,528 ; Panamax / US$ 20,880 ; Supramax / US$ 19,242 and Handysize / US$ 12,051. The BDI may not drop below 2,500 points and feel there would be a correction next week and would between 2,500-3,000 points.
The main reason for the drop in freight market in India / Far East region seems to be reduction Iron ore imports by china. It was expected that the volume will come down for the balance of this year, however at this point no data is available for same.
According to Vistaar Shipping, an experinced ship operator from Singapore, the charter rates on Supramax from EC India to China was at US$ 22,475 per day which has dropped by almost US$ 10,000 in last two weeks where as the SE Asia round voyage the charter rates on Supramax dropped by US$ 2,700 in last two weeks. The India / Far East sector is expected to be weak next week.
Capt. Reddy, MD of Vistaar Shipping belives that, one year charter rates for Supramax was at around US$ 18,000 per day and short period rates for vessels opening Far East / SE Asia was around US$ 19,000-20,000 pday.
"Two / Three year charter rates is around US$ 15,000-16,000 per day" - Capt. Reddy
The congestion in Australian ports continues to be high with 111 vessels waiting EC Australia and 30 ships waiting WC Australia. The waiting on iron ore vessels has increased from 22 to 30 vessels this week.
The congestion in EC India Paradip and Visakhapatnam continues and this is expected to continue for some more time.
The crude prices was fairly firm and the brent crude trading around US$ 73 per barrel. The bunker prices for IFO(380 cst) prices ex Singapore was firm and gone upto IFO(380cst) / US$ 452 pmt , however closed lower at around IFO (380cst) / US$ 437 pmt.
Click here for Vistaar's forecasted (indicative) spot freight rates for coal & iron-ore cargo for 11 specific routes. (cs)
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Thursday, 30 July 09
PNOC FORGES JOINT VENTURES AS STEPS UP COAL OPERATIONS
The Philippine National Oil Co.-Exploration Corp. has entered joint venture agreements with food and beverage conglomerate San Miguel and Filipinas ...
Thursday, 30 July 09
NAMANE OF SOUTH AFRICA IN SUDAN COAL DEAL, BUSINESS REPORT SAYS
Namane of South Africa in Sudan Coal Deal, Business Report Says
Namane Resources Ltd. of South Africa signed a coal-supply agreement with the Nat ...
Wednesday, 29 July 09
RP COAL DEMAND TO SURGE BY 2014 - PHILIPPINES UPDATE
CEBU, Philippines - With the entry of new coal-fired power generation plants in the Philippines, the Department of Energy (DOE) projected an increas ...
Wednesday, 29 July 09
INDIA HUNGRY FOR OUR COKING COAL ASSETS
The Australian reported that, INDIA is about to embark on a program of rapid coal sector acquisitions in Australia as it looks to plug a huge annual ...
Tuesday, 28 July 09
SHENZHEN ENERGY INKS COAL PURCHASE CONTRACT WITH CHINA SHENHUA
China Knowledge reported that, Shenzhen Energy Group Co Ltd has signed a five-year contract with China Shenhua Energy Co Ltd, which is engaged in th ...
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- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Videocon Industries ltd - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Siam City Cement - Thailand
- Australian Coal Association
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
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