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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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Monday, 24 August 09
10,000 MW TO BE GENERATED THROUGH THAR COAL RESERVES BY 2020
Four projects of 2450 MW approved; govt to invest Rs80bn in five years on infrastructure
The News Pakistan reported that, The Thar Coal a ...
Monday, 24 August 09
10 LAKH (1 MILLION) TONNE COAL BURNT IN KPT
Times of India reported that, In an unusual phenomenon, 10 lakh tonne coal cache stored at a plot in Kandla Port Trust was reduced to ashes after it ...
Monday, 24 August 09
LANCO IN TALKS FOR INDONESIAN COAL MINE
Economic Times of India reported that, Infrastructure company Lanco Infratech is in advanced talks with Indonesian engineering, procurement and cons ...
Saturday, 22 August 09
INDIAN COAL BUYERS RE-EMERGE WITH FRESH TENDERS
Reuters world's largest international multimedia news agency reported that,Indian coal end-users have re-emerged after a few weeks with several fre ...
Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
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- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
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- Ministry of Finance - Indonesia
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- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
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- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
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- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
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- Coal and Oil Company - UAE
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- Economic Council, Georgia
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- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- The University of Queensland
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- Straits Asia Resources Limited - Singapore
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- Global Business Power Corporation, Philippines
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- SMG Consultants - Indonesia
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- Directorate General of MIneral and Coal - Indonesia
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- Mintek Dendrill Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
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- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
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- Parliament of New Zealand
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
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- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
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- Heidelberg Cement - Germany
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- Intertek Mineral Services - Indonesia
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- Karbindo Abesyapradhi - Indoneisa
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- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
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- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Electricity Authority, New Zealand
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
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- Global Coal Blending Company Limited - Australia
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
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- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
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- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
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- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
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- MS Steel International - UAE
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