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Saturday, 22 August 09
'THE BDI IS LIKELY TO BE HOLDING AROUND 2,500 POINTS' - SHIPPING UPDATE
 COALspot.com (Singapore): The dry bulk market continued to be soft and the BDI dropped by 10 percent this week and closed at 24,68 points this week. The cape index dropped by about 14% and the BCI index closed at 4,030 points. The Panamax index was down by about 6% and closed at 2,244 points.
The Suprmax and Handysize index was almost stable and closed at 1,733 points and 823 points respectively. The average charter rate were at Cape / US$ 38,923 , Panamax/ US$ 18,023, Supramax / US$ 18,119 and handysize / US$ 11,927.
"The BDI is likely to be holding around 2,500 points" said Capt. Reddy, Managing Director of Vistaar Shipping Services Pte Limited, Singapore.
He further said, the main reason for pull back seems to be sudden drop of iron ore prices and the charter rates down in the India / Far East sector.
The iron ore import by China in July was quite impressive at 58.8 million tons and also the coal import stood at 13.88 million tons. China has maintained the momentum on import of iron ore and coal until July 2009. The iron ore prices ex India dropped by almost US$ 20 pmt in less than 2 weeks which seems to be because of China slowing down on iron ore imports.
The global steel production reached 100 million tons in July 09 for the first time since September 2008 with strong growth registered for July 09 in China (+13% to 50.7 Mt) and India (+4% to 4.7 Mt).
The congestion in Australia seems to be increasing again with about 120 coal vessels waiting EC Australia and 19 iron ore vessels waiting WC Australia. The congestion in EC India Paradip and Visakhapatnam continues to be high with almost about 10/14 days waiting. Iron ore ports in Australia , Brazil and China indicate about 123 vessels (including coal ports in Australia) waiting to berth.
The charter rates for supramax opening Far East was at around US$ 13,000 per day. The Supramax rates from India to China was at around US$ 20,000 / 21,000 per day. One year charter rates for Supramax was at around US$ 16,500 / 17, 000 per day and short period rates for vessels opening Far East. South East Asia was around US$ 17,000-18,000 pr day.
Two / Three year charter rates is around US$ 15,000-16,000 per day said, Vistaar Shipping. The futures for three years for 2010-2012 is around Cape / US$ 26,000 pday, Panamax / US$ 15,500 per day, Supramax / US$ 13, 500 per day, Handysize / US$ 10,000 pday.
The crude prices continued to remain firm during the week with brent crude at US$ 74 per barrel and the bunker prices continued to be around US$ 442 pmt for IFO(380 cst) prices ex Singapore.
Click here for Vistaar's forecasted (indicative) spot freight rates for coal & iron-ore cargo for 11 specific routes. (cs)
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Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
Wednesday, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
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- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Planning Commission, India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Economic Council, Georgia
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
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