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Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
 COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct this week to 4,107 points. The panama index also moved up by 14 pct this to 2,705 points. The supramax and handysize index did not change much and was almost at same levels. The average charter hire was at Cape / US$ 40,711 per day,Panamax / US$ 21,722 per day , Supramax / US$ 18,825 per day and Handysize / US$ 13,749 pday.
According to Vistaar Shipping, the supramax index in the Far East (S6 route) moved up by about US$ 500 and was at US$ 14,970 per day. The ECI / China (S7) route was also slightly soft at US$ 18,533 per day. These routes is expected to move as the Chinese holidays are over.
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$ 24,000 per day, Panamax / US$ 15,000 per day, Supramax / US$ 14,000 per day, Handysize / US$ 10,500 per day says, Capt. Reddy, MD Vistaar Shipping, Singapore
According to yesterday’s weekly report by shipbrokers George Moundreas & Co, compiled by George Grigoriadis, India could also emerge as a potential “player” in the dry bulk market. “India is actively looking for new sources of coal, with Mozambique being the latest trend. According to Coal India Ltd., imports could increase by 140 million tonnes per year by 2012” said Mr. Grigoriadis.
He further adds that “this means in simple arithmetic and in Supramax terms, additional needs for 300 ships by 2012, just for this trade. The size of the current Supramax orderbook for the period 2010-2013 is about 50% of this, which is a clear indication that the days of balance (between supply and demand) may not come soon, but they will arrive sooner than what we think”. Still, in the short and mid-term this type of dependence from emerging economies must be reduced during 2010, through a speedier recovery and contribution to tonnage demand from the US, the EU and Japan, in order for the freight market to withstand the delivery of almost five new dry bulk carriers per day, as dictated by the current global orderbook.
The congestion in Australia was slightly less at 122 in EC Australia and 22 iron ore vessels waiting WC Australia. The berthing delays at DBCT continued to be around 24 days and New Castle at 16 days. The congestion in Paradip and Haldia continues to high and uncertain.
The crude prices slightly moved up this week and brent crude was at US$ 69.50 per barrel and the bunker prices was around US$ 431 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 specific routes (cs)
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Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
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- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- MS Steel International - UAE
- Karbindo Abesyapradhi - Indoneisa
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Planning Commission, India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
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