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Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
 COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by about 11 pct to 3,043 points. The cape size index moved up quite sharply by about 20 pct this week (19-24 October) to 5,842 points and the Panamax index was up by 11 pct to 3,048 points.
The supramax and handy size index did not change much and was almost at same levels at 1,852 points and 895 points. The average charter hire was at Cape / US$ 50, 688 per day, Panamax / US$ 24,471 per day , Supramax / US$ 19,360 per day and Handy size / US$ 12,751 per day.
The supramax index in the Far East (S6 route) at US$ 17,870 per day. The ECI / China (S7) route was slightly firm at US$ 19, 254 per day. However the Far East / SE Asia market was quite firm due to shortage of ships.
Quite a Supramax period charter reported this week (19-24 October) . Short period rates were at US$ 17,500 / 18,000 per day for vessels opening Far East / SE Asia.
The futures for three years for 2010-2012 is around Cape / US$ 26,000 per day, Panamax / US$ 16,000 per day, Supramax / US$ 14, 000 per day, Handy size / US$ 11,000 per day says, Capt. Reddy, MD, Vistaar Shipping, Singapore
The World Steel Association forecasts that world apparent steel use (ASU) will rebound by 9.2% to 1,206 Mt in 2010, recovering from this year’s 8.6% decline to 1,104 Mt, mainly due to sustained strong growth from China. PRC demand is set to grow 18.8% to 526 Mt this year. In contrast, consumption in the world excluding China is forecast to fall
24.4% to 577 Mt. The WSA expects China’s steel consumption in 2010 to rise by 5% to 553 Mt, with demand in the rest of the world rising by 13.1% to 653 Mt.
Based on the above if the steel demand is good, the freight market is expected to have direct positive effect. However the effect of new buildings also is to be seen with quite lot of ships being delivered in next two years.
The congestion in Australia was slightly less at 94 in EC Australia and 19 iron ore vessels waiting WC Australia. The berthing delays at DBCT continued to be around 30 / 40 days and New Castle at 10 days. The congestion in Paradip and Haldia continues to high and uncertain.
The crude prices moved up sharply this week and brent crude was at US$ 78.15 per barrel and the bunker prices was around US$ 466 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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Saturday, 17 October 09
US COAL MINERS LOOKING AT LOWER PROFITS
Most US coal miners are looking at sharply lower third-quarter earnings, but those that produce coal for steelmaking and export should enjoy higher ...
Friday, 16 October 09
INDONESIA EXPORTED 19,194,857 MT OF COAL IN SEPTEMBER 2009 - SOURCES
COALspot.com (Indonesia): Indonesia exported 19,194,857 MT of coal in September 2009. Out of total exported quantity, South Korea imported abou ...
Friday, 16 October 09
NAVIGATING THROUGH STORMY WATERS
To Theodore E Veniamis, the President of the Union of Greek Shipowners, the current turmoil in world shipping is due to the cyclical nature of marit ...
Friday, 16 October 09
COAL INDIA RAISES PRICE BY 11%
Trak reported that, State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective ...
Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
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- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Ambuja Cements Ltd - India
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