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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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Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
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- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- The University of Queensland
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
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