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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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Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
Thursday, 08 October 09
COAL INDIA SAYS IMPORTS COULD JUMP 10 TIMES IN 3 YRS
Reuters reported that, Coal imports by state explorer Coal India Ltd could jump 10 times to 40-45 million tonnes in three years to meet a sharp rise ...
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- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- VISA Power Limited - India
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Australian Coal Association
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