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Saturday, 26 September 09
THE INDIA / FAR EAST SEEMS WILL BE FIRM NEXT WEEK - VISTAAR
 COALspot.com (Singapore): The dry bulk market was soft this week and the BDI dropped by almost 7 pct to 2,183 points. The cape size index dropped by 11 pct to 2,677 points and charter rate dropped by US$ 4,200 this week to US$ 23,317 per day.
The cape index has been softening continuously since July 2009 and seems that there would be pressure on Cape size vessels in next coming weeks. The Panamax index softened this week and the index dropped by 10 pct to 2,317 points. The Supramax / Handy size index has been steady this week and closed at 2,058 and 960 points respectively. The charter hire end of this week was at Cape / US$ 23,317 per day, Panamax / US$ 18,593 per day, Supramax / US$ 21,514 per day and Handy size / US$ 13,529 per day.
The Supramax index in the Far East (S6 route) continued to be holding and the charter hire was at US$ 14,900 per day. The ECI / China (S7) route also firmed up by 6 pct and the charter hire was at US$ 19,613 per day. The India / Far East seems will be firm next week.
Short period rates for Supramax was around US$ 17,000 per day for vessels opening Far East / SE Asia. The futures for three years for 2010-2012 is around Cape / US$ 23,000 per day, Panamax / US$ 15,000 per day, Supramax / US$ 14,000 per day, Handy size / US$ 10,500 per day.
According to Allied Ship broking’s latest weekly report, the global order book for all ship types equals to more than 4,800 vessels, with expected deliveries from 2009 and up to 2012.
During this year, there are expected deliveries of 690 dry bulk vessels, with their numbers almost doubling at 1,273 in 2010, before dropping to 940 in 2011 and even lower at 345 in 2012.
As far as tankers are concerned, owners are expected to accept deliveries of 508 in 2009, 600 in 2010, 400 in 2011 and just 56 in 2012.
The unprecedented deliveries of this large volume is definitely likely to put pressure on charter rates says Capt. Reddy, Managing Director of Vistaar Shipping, an experienced ship operator in Singapore.
The congestion in Australia was at 112 vessels in EC Australia and 18 iron ore vessels waiting WC Australia.
The berthing delays at DBCT is almost at 24 days and New Castle at 12 days. The congestion in EC India Paradip and Visakhapatnam continues to be uncertain.
The crude prices was soft this week and Brent crude was at US$ 65 pmt per barrel and the bunker prices was around US$ 417 pmt for IFO (380 CST) prices ex Singapore.
Click here for Vistaar’ s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for 11 specific routes.(cs)
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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
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- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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