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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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Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
Saturday, 12 September 09
$1.5B KALIMANTAN COAL RAIL TENDER EXPECTED BY YEAR-END
The Jakarta Globe reported that, In the second announcement on major coal-railway projects in as many days, Central Kalimantan’s top official ...
Friday, 11 September 09
INDONESIA COAL-PRICES AT $66, SUPPLIERS OFFER AT BARGAIN PRICES
Some Indonesian producers were rushing to sell coal at bargain prices to ease excess stocks and catch shipments before the Muslim Eid Al-Fitr festiv ...
Friday, 11 September 09
ALPHA NATURAL EXPECTS HIGHER MET, STEAM COAL PRICES IN 2010
Mining Weekly reported that, There are encouraging signs that metallurgical coal demand in most key global markets is either returning or poised to ...
Friday, 11 September 09
POWER SECTOR'S DEPENDENCE ON COAL TO CONTINUE
The power sector will continue to be largely dependant on coal-based thermal power plants to meet its energy needs for the next 15-20 years, Power S ...
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- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Indogreen Group - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Borneo Indobara - Indonesia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- PTC India Limited - India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Eastern Energy - Thailand
- Parliament of New Zealand
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