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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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Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
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- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Altura Mining Limited, Indonesia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Australian Coal Association
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- LBH Netherlands Bv - Netherlands
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- PTC India Limited - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
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