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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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Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
Wednesday, 07 October 09
COAL INDIA LOOKS AT LONG-TERM PRICE CONTRACTS
Economic Times reported that, Coal India is looking at long-term price contracts, of at least three-four year periods, with foreign entities, 54 of ...
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- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Aditya Birla Group - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Thai Mozambique Logistica
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- The University of Queensland
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
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