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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, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
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Showing 6471 to 6475 news of total 6871 |
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- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Australian Coal Association
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- MS Steel International - UAE
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Planning Commission, India
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
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