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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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Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...
Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable.
Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...
Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...
Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...
Thursday, 24 September 09
CHINA WILL BE IMPORTER OF COKING COAL NEXT YEAR, MCCLOSKEY SAYS
Bloomberg reported that, China, the world’s largest coal user and producer, will remain an importer of the fuel through next year, according t ...
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- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- PTC India Limited - India
- Parliament of New Zealand
- Marubeni Corporation - India
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Siam City Cement - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
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