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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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Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
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- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- White Energy Company Limited
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
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