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Sunday, 30 August 09
THE FUTURES FOR THREE YEARS FOR 2010-2012 IS AROUND PANAMAX / US$ 15,500 & SUPRAMAX / US$ 13,500 PER DAY

COALspot.com (Singapore): The dry bulk market continued to be soft this week and the BDI was almost stable and closed at 2,421 points this week.
The Cape / Panamax / Supramax / Handysize index was almost same with no marginal change and closed at 3,946 / 2,157 / 1,740 / 833 respectively. The average charter rate were at Cape / US$ 37,865 , Panamax / US$ 17,303, Supramax / US$ 18,189 and handysize / US$ 11,981.
"Next week the freight market is expected to be stable and the BDI would stay around 2,500 points" said, Capt. Reddy, Managing Director of Vistaar Shipping Services Pte Limited, Singapore .
The supramax index in the fareast (S6 route) dropped by almost 13% and the charter hire was at US$ 11,393 per day. Also the ECI / China (S7) route softened further and dropped by about 11% and the charter was at US$18,525 pday. The main reason for this seems to be reduced imports of iron ore by china and softening of iron ore prices.
For the first time in several weeks some supramax vessels were reported ballasting to South America. One year charter rates for Supramax was at around US$ 16,000 per day and short period rates for vessels opening Feast / SE Asia was around US$ 15,000/15,500 per day.
The futures for three years for 2010-2012 is around Cape / US$ 26,000 per day, Panamax / US$ 15,500 per day, Supramax / US$ 13,500 per day, Handysize / US$ 10,000 per day.
The congestion in Australia remained at almost same levels which is about 120 coal vessels waiting EC Australia and 16 Iron ore vessels waiting WC Australia. The congestion in EC India Paradip and Visakhapatnam continues to be high.
The crude prices continued to remain firm during the week with brent crude at US$ 73 per barrel and the bunker prices continued to be around US$ 447 per mt 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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Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...
Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...
Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...
Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...
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 ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Global Green Power PLC Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- Trasteel International SA, Italy
- The University of Queensland
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Minerals Council of Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
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