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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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Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
Wednesday, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
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- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- MS Steel International - UAE
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- The University of Queensland
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