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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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Tuesday, 22 September 09
SHORT PERIOD RATE FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI just dropping by about 5 pct to 2,356 points last week. The change ...
Tuesday, 22 September 09
AUSTRALIA SEES HIGHER ASIAN THERMAL COAL IMPORTS
* Asia '09 imports to rise 3.5%, vs pvs f'cast of 3.3% fall
* Asia 2010 thermal coal imports expected to rise 6.3 pct
* China to become net im ...
Tuesday, 22 September 09
PANAMA CANAL EXPANSION MAY AID COLOMBIA COAL TO ASIA
* Colombia producers hope for growth in Asia shipments
* Panama Canal will allow smaller coal Capesize vessels
* Australia, Indonesia to remain bi ...
Monday, 21 September 09
ACCC SET TO APPROVE NEWCASTLE COAL SHIPPING AGREEMENT
ABC reported that, The competition regulator says it is likely to approve a new agreement over coal loading arrangements at Newcastle.
Australian ...
Friday, 18 September 09
PEABODY ENERGY ESTABLISHES ASIAN COAL TRADING HUB IN SINGAPORE
Peabody Energy announced it has opened an office in Singapore that will serve as the new hub for Peabody COALTRADE International activities in South ...
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- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Planning Commission, India
- SMG Consultants - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- The State Trading Corporation of India Ltd
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
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