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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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Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
Wednesday, 23 September 09
TATA POWER TO COMMISSION 2 UNITS OF MUNDRA UMPP BY FEB 2012
Business Standard reported that, the country's largest private power producer Tata Power today said it would commission 1,600 MW capacity of its 4, ...
Wednesday, 23 September 09
NAVA BHARAT TO ADD 300MW CAPACITY, RAISE RS1,386 CRORE (US$ 289,674,610)
The firm plans to place orders for equipment by the end of October and commission both the plants by April 2012 to sell power in the open market
...
Tuesday, 22 September 09
ASIA COAL-PRICES TOPS $70 AS TRADERS SEEK BARGAINS
Reuters reported that, prices of power-station coal in Australia, a benchmark for Asia, rose for the second week to top $70 a tonne this week, clawi ...
Tuesday, 22 September 09
QINHUANGDAO COAL PRICES SURGE ON STRONG DEMAND
People's Daily Online reported that, Coal prices at Qinhuangdao port, China's largest coal port, witnessed the sharpest increase in the year last ...
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- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Australian Coal Association
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- The University of Queensland
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
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