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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, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
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- Antam Resourcindo - Indonesia
- Electricity Authority, New Zealand
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- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Borneo Indobara - Indonesia
- Directorate Of Revenue Intelligence - India
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- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Minerals Council of Australia
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- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
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- Indian Oil Corporation Limited
- Samtan Co., Ltd - South Korea
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- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- PTC India Limited - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
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