COALspot.com The Ultimate coal portal
  • SHARE YOUR COAL NEWS WITH COALspot.com - news@coalspot.com
  • Indonesian 5800 GAR coal (Physical) market direction: SOFT - COALspot.com's self assessment (updated on 10 MAY 2012)
  • Indonesia has shipped 30.64 Mmt of coal in March 2012 - Source
  • Indonesia has set the MAY 2012 Coal Reference Price at US$ 102.12 per ton
  • SGX AsiaClear OTC CFR South China Coal Swap for JUNE 2012 Contract has closed at US$ 95.10(-) on 17/5/12 18:00 UTC - SGX
  • SGX AsiaClear OTC FOB Sub-Bit Indonesia Coal Swap for JUNE 2012 Contract has closed at US$ 72.65(+) on 17/5/12 18:00 UTC - SGX

We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines

Thursday, 02 February 12
NO RELIEF YET FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


Although at the start of 2012 nobody can claim that the global seaborne trade has suddenly come to a halt, quite the contrary, it seems that the dry bulk market is reliving those dreadful late 2008 days. The lack of cargo demand, combined with the huge oversupply problems has caused the market to crash by almost 60% during January. The market’s benchmark, the BDI (Baltic Dry Index) kept falling yesterday, to end the session down by another 2.65% to just 662 points.

The only positive factor that one could argue, is the relative stabilization of the Capesize market, which lost just 0.07% yesterday to end at 1,446 points, way above the rest of the field. Panamaxes kept tumbling, this time by 4.14% to just 694 points, while Handysizes, which have been on the red for a few months now, have reached just 396 points (Baltic Handysize Index), losing an additional 2.46% yesterday.

According to the latest weekly report from shipbroker Fearnleys, “the Capesize market continues to be horrible. Rates and activity have not improved even after the Chinese have returned to work after the Lunar New Year holidays. Thus there is little to say in terms freight rate development except that it is flat. There is however an increased interest from short period takers, indicating a sentiment, that this market cannot fall much further, and that the premium payable for short period can easily be recovered if the market rebounds” said Fearnleys.

In a separate note, up to the end of last week, shipbroker Shiptrade & Services mentioned that “the Far East national holidays, the lack of cargoes combined with over supply of tonnage and the cyclones that returned in West Australia resulted in a very slow week in the cape market. Specifically, the average of the four T/C Routes closed the week at USD 5,566, the lowest level of the last eleven months. In spite the fact that with Columbia coal market produced some cargoes, rates for the T/A round concluded at around USD 5,000 and many owners preferred to keep their vessels drifting or at anchorage. The fronthaul was low as well with Tubarao/Quingdao fixing at USD 19,10 levels. Pacific was very quiet due to the holidays with Far East round voyage to be fixed at USD 7,000. Period activity was minimal with rate for 1 year remaining the same as last week’s said Shiptrade.

On the Panamax front, Fearnleys noted that “with the BPI at 694 we are now below the depressing market we experienced at the beginning of 2009. This week we did however see more fresh cargoes, but the tonnage list is just growing day by day. The grain season is about to kick off in Brazil and we see cargoes ready from 2nd half Feb onwards. The activity is still limited and the deals being done are being fixed at very low levels even below operating costs. This has resulted in some owners dropping anchor to wait until they see reasonable levels again. The Tarvs are now being fixed below USD 5k and the fronthauls are fetching around 14-15k depending on delivery. In the Pacific basin the rounds are being fixed around USD 5k. A one-year deal was reported this week with the mv Global Bonanza, 74kdwt/built ´11, being done basis delivery Feast at USD 10k daily” said Fearnleys.

Commenting on the Handy market, the shipbroker said that it was “another week of falling rates. In the US Gulf tonnage were fighting for the few fresh cargoes entering the market. Vessels fixed for Skaw-Passero direction were paid tick below 11k/day, and Continent positions concluded USD 2500 and USD 14k for US Gulf and Far East, respectively. The Pacific market remains quiet in spite of holidays getting over and overall sentiment remains negative. Indo-India fixed at around USD 5k dop south China and nickel cargoes also very less to support the market. Nopac cargoes are also less in numbers and mostly fixed on APS basis. A bit quiet on iron ore from India and rates remain at USD 8k from WCI and USD 7k from ECI. RBCT rounds are fixed on APS basis at USD 10k + 300k BB. Red Sea fertiliser cargoes fixed at low 20s to India. Short period activity very less and rates are around USD 8k” concluded Fearnleys.

In a separate note, Shiptrade mentioned that “ECSA continued its low cargo volume production with the TA round falling at USD 6,000 levels while Med and Continent kept on having many open vessels and very few firm cargoes. In spite the low levels owners preferred to keep their vessels in Atlantic instead of making the fronthaul trip.

Pacific was really slow and the Chinese and Indian holidays produced too many spot vessels and very low rates on the few orders that were fixed with the round voyage concluding at USD 4,000. Charterers persisted in searching for period tonnage but even more decreased levels of USD 7-8,000 were not appealing to owners who avoided committing their vessels said Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 18 May 12
NICKEL ORE CARGOES ARE NOT SEEN IN MARKET ANYMORE DUE TO ON-GOING INDONESIAN BAN - FEARNLEYS AS
Handy The market remained variable. Fronthaul voyages both from Baltic and Black Sea paid over USD 18k/day. From USG to Cont tonnage would get ...


Thursday, 17 May 12
COAL MINERS OPPOSE EXPORT TAX, SUGGEST OUTPUT QUOTA - THE JAKARTA POST
The Jakarta Post reported that, coal miners have suggested that the government apply a production quota instead of implementing an export tax in ord ...


Thursday, 17 May 12
DRY BULK MARKET STILL LOOKING FOR NEW DIRECTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept on moving sideways during this week, with the mixed performance across all segments. Yesterday, the industry’s be ...


Tuesday, 15 May 12
POTENTIAL BOOM OF CHINA’S COAL IMPORTS COULD PROVIDE FURTHER SUPPORT TO DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been moving sideways during the past week with the industry’s benchmark, the Baltic Dry Index (BDI) losing 0.53% on th ...


Saturday, 12 May 12
THE SHIPPING MARKET IS UNLIKELY TO SEE A REBOUND ANYTIME SOON - VISTAAR SINGAPORE
COALspot.com - The BDI softened this week and it was down by 1.64 pct closing at 1,138 points. The cape index was up by 2.41 pct closing at 1,61 ...


   1 2 3 4 5   
Showing 1 to 5 news of total 2142
News by Category

Popular News

 
Registered Members : 10,479

Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bangladesh Power Developement Board
  • Bank of America
  • Eastern Energy - Thailand
  • Riau Bara Harum - Indonesia
  • Maruti Cements - India
  • Aboitiz Power Corporation - Philippines
  • PTC India Limited - India
  • Platts
  • Australian Commodity Traders Exchange
  • BNP Paribas - Singapore
  • Kideco Jaya Agung - Indonesia
  • Bukit Makmur.PT - Indonesia
  • Cemex - Philippines
  • Bhatia International Limited - India
  • Salva Resources Pvt Ltd - India
  • New Zealand Coal & Carbon
  • Ind-Barath Power Infra Limited - India
  • PLN Batubara - Indonesia
  • APGENCO India
  • GNFC Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Geoservices-GeoAssay Lab
  • Neyveli Lignite Corporation Ltd, - India
  • Malabar Cements Ltd - India
  • Metalloyd Limited - United Kingdom
  • Lanco Infratech Ltd - India
  • Ministry of Finance - Indonesia
  • ACC Limited - India
  • Enel Italy
  • CoalTek, United States
  • Indonesia Power. PT
  • MEC Coal - Indonesia
  • Berau Coal - Indonesia
  • KPMG - USA
  • Arch Coal - USA
  • Miang Besar Coal Terminal - Indonesia
  • Formosa Plastics Group - Taiwan
  • Intertek Mineral Services - Indonesia
  • Attock Cement Pakistan Limited
  • Singapore Mercantile Exchange
  • CNBM International Corporation - China
  • World Coal - UK
  • White Energy Company Limited
  • Reliance Power - India
  • HSBC - Hong Kong
  • Thriveni
  • U S Energy Resources
  • Uttam Galva Steels Limited - India
  • Sical Logistics Limited - India
  • India Bulls Power Limited - India
  • Gujarat Mineral Development Corp Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Aditya Birla Group - India
  • IMC Shipping - Singapore
  • Port Waratah Coal Services - Australia
  • Borneo Indobara - Indonesia
  • Xindia Steels Limited - India
  • CESC Limited - India
  • GAC Shipping (India) Pvt Ltd
  • SGS (Thailand) Limited
  • Indonesian coal mining Association
  • Anglo American - United Kingdom
  • Bayan Resources Tbk. - Indonesia
  • McConnell Dowell - Australia
  • Kohat Cement Company Ltd. - Pakistan
  • Essar Steel Hazira Ltd - India
  • Timah Investasi Mineral - Indoneisa
  • Malco - India
  • Altura Mining Limited, Indonesia
  • Independent Power Producers Association of India
  • Pinang Coal Indonesia
  • Lafarge - France
  • Karaikal Port Pvt Ltd - India
  • Mitsui - Indonesia
  • Credit Suisse - India
  • Cargill India Pvt Ltd
  • RBS Sempra - UK
  • Pendopo Energi Batubara - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • Surastha Cement
  • Georgia Ports Authority, United States
  • Infraline Energy - India
  • TeaM Sual Corporation - Philippines
  • Coal Orbis AG
  • Orica Australia Pty. Ltd.
  • Filglen & Citicon Mining (HK) Ltd - Hong Kon
  • Kapuas Tunggal Persada - Indonesia
  • Trasteel International SA, Italy
  • Thiess Contractors Indonesia
  • Mercuria Energy - Indonesia
  • Price Waterhouse Coopers - Russia
  • globalCOAL - UK
  • Indogreen Group - Indonesia
  • Ambuja Cements Ltd - India
  • SMG Consultants - Indonesia
  • GMR Energy Limited - India
  • Peabody Energy - USA
  • Inco-Indonesia
  • Tata Power - India
  • IBC Asia (S) Pte Ltd
  • SRK Consulting
  • Barasentosa Lestari - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Karbindo Abesyapradhi - Indoneisa
  • Interocean Group of Companies - India
  • Australian Coal Association
  • Adani Power Ltd - India
  • Goldman Sachs - Singapore
  • Electricity Generating Authority of Thailand
  • Cardiff University - UK
  • IHS Mccloskey Coal Group - USA
  • PLN - Indonesia
  • Makarim & Taira - Indonesia
  • Chamber of Mines of South Africa
  • Total Coal South Africa
  • Coal and Oil Company - UAE
  • Kaltim Prima Coal - Indonesia
  • Xstrata Coal
  • GHCL Limited - India
  • The State Trading Corporation of India Ltd
  • Savvy Resources Ltd - HongKong
  • ETA - Dubai
  • Qatrana Cement - Jordan
  • Bukit Baiduri Energy - Indonesia
  • Adaro Indonesia
  • UBS Singapore
  • Tanito Harum - Indonesia
  • Kobe Steel Ltd - Japan
  • Central Java Power - Indonesia
  • Britmindo - Indonesia
  • Banpu Public Company Limited - Thailand
  • Africa Commodities Group - South Africa
  • Eastern Coal Council - USA
  • Sucofindo - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • Meenaskhi Energy Private Limited - India
  • Mintek Dendrill Indonesia
  • Jaiprakash power ventures ltd
  • Mitsubishi Corporation
  • Videocon Industries ltd - India
  • Leighton Contractors Pty Ltd - Australia
  • Sree Jayajothi Cements Limited - India
  • Deloitte Consulting - India
  • Asmin Koalindo Tuhup - Indonesia
  • Antam Resourcindo - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Runge Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Cigading International Bulk Terminal - Indonesia
  • Edison Trading Spa - Italy
  • KEPCO - South Korea
  • Global Coal Blending Company Limited - Australia
  • Gresik Semen - Indonesia
  • Standard Chartered Bank - UAE
  • Jatenergy - Australia
  • NTPC Limited - India
  • ASAPP Information Group - India
  • Coal India Limited
  • Kalimantan Lumbung Energi - Indonesia
  • Vedanta Resources Plc - India
  • Binh Thuan Hamico - Vietnam
  • Merrill Lynch Commodities Europe
  • Holcim Trading Pte Ltd - Singapore
  • Samsung - South Korea
  • KPCL - India
  • Mitra SK Pvt Ltd - India
  • Indika Energy - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Siam City Cement - Thailand
  • Core Mineral Indonesia
  • Bhoruka Overseas - Indonesia
  • GVK Power & Infra Limited - India
  • POSCO Terminal, South Korea
  • Chettinad Cement Corporation Ltd - India
  • TNPL - India
  • Siam city cement PLC, Thailand
  • Shree Cement - India
  • Indian School of Mines
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Grasim Industreis Ltd - India
  • KOWEPO - South Korea
  • Feedback Ventures - India
  • Wood Mackenzie - Singapore
  • Coastal Gujarat Power Limited - India
  • London Commodity Brokers - England
  • Renaissance Capital - South Africa
  • TANGEDCO India
  • Sojitz Corporation - Japan
  • OCBC - Singapore
  • ANZ Bank - Australia
  • Bahari Cakrawala Sebuku - Indonesia
  • Freeport Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Mjunction Services Limited - India
  • OPG Power Generation Pvt Ltd - India
  • ING Bank NV - Singapore
  • Larsen & Toubro Limited - India
  • Petrosea - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Sakthi Sugars Limited - India
  • Barclays Capital - USA
  • Carbofer General Trading SA - India
  • Russian Coal LLC
  • Vizag Seaport Private Limited - India
  • Noble Europe Ltd - UK
  • UOB Asia (HK) Ltd
  • Permata Bank - Indonesia
  • Clarksons - UK
  • Indo Tambangraya Megah - Indonesia
  • CCIC - Indonesia
  • Coeclerici Indonesia
  • Dalmia Cement Bharat India
  • Oldendorff Carriers - Singapore
  • Mila Trading, GmbH - Germany
  • The Treasury - Australian Government
  • Star Paper Mills Limited - India
  • Ernst & Young Pvt. Ltd.
  • Commonwealth Bank - Australia
  • The India Cements Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ICICI Bank Limited - India
  • European Bulk Services B.V. - Netherlands
  • Petrochimia International Co. Ltd.- Taiwan
  • SASOL - South Africa
  • Argus Media - Singapore
  • Maersk Broker
  • Coalindo Energy - Indonesia
  • bp singapore
  • Bukit Asam (Persero) Tbk - Indonesia
  • Bulk Trading Sa - Switzerland
  • Deutsche Bank - India
  • Orica Mining Services - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Madhucon Powers Ltd - India
  • Vitol - Bahrain
  • Indorama - Singapore
  • MS Steel International - UAE
  • Posco Energy - South Korea
  • Gupta Coal India Ltd
  • Tata Chemicals Ltd - India
  • Glencore India Pvt. Ltd
  • Globalindo Alam Lestari - Indonesia
  • IOL Indonesia
  • Sindya Power Generating Company Private Ltd
  • Medco Energi Mining Internasional
  • Jindal Steel & Power Ltd - India
  • PNOC Exploration Corporation - Philippines
  • Arutmin Indonesia
  • Gujarat Sidhee Cement - India
  • VISA Power Limited - India
  • Inspectorate - India
  • Bharathi Cement Corporation - India
  • BRS Brokers - Singapore
  • Merrill Lynch Bank
  • CIMB Investment Bank - Malaysia
  • GB Group - China
  • Thermax Limited - India
  • J M Baxi & Co - India
  • Fearnleys - India
  • Rudhra Energy - India
  • Rashtriya Ispat Nigam Limited - India
  • Japan Coal Energy Center
  • East Coast Energy Private Limited
  • International Coal Ventures Pvt Ltd - India
  • Samtan Co., Ltd - South Korea
  • Latin American Coal - Colombia
  • CEB - Sri Lanka
  • Manunggal Multi Energi - Indonesia
  • Idemitsu - Japan
  • Vale Mozambique
  • Maheswari Brothers Coal Limited - India
  • Agrawal Coal Company - India
  • Humpuss - Indonesia
  • Simpson Spence & Young - Indonesia
  • Toyota Tsusho Corporation, Japan
  • DBS Bank - Singapor
  • Thomson Reuters GRC
  • Kartika Selabumi Mining - Indonesia
  • Mercator Lines Limited - India
  • Bhushan Steel Limited - India
  • Marubeni Corporation - India
  • Rio Tinto Coal - Australia
  • SUEK AG - Indonesia