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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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Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- The University of Queensland
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Latin American Coal - Colombia
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