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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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- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
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- Electricity Generating Authority of Thailand
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
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- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
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- Ministry of Transport, Egypt
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- Georgia Ports Authority, United States
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- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Independent Power Producers Association of India
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- Central Electricity Authority - India
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- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
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- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
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- Mercuria Energy - Indonesia
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- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Economic Council, Georgia
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- Baramulti Group, Indonesia
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- Medco Energi Mining Internasional
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- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Indonesian Coal Mining Association
- The University of Queensland
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
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- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
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- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
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- South Luzon Thermal Energy Corporation
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- Kaltim Prima Coal - Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- MS Steel International - UAE
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
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- Planning Commission, India
- Parliament of New Zealand
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
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- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- VISA Power Limited - India
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
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- Carbofer General Trading SA - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
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