COALspot.com keeps you connected across the coal world
  • AUGUST 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 72.67 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

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

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 07 May 19
UNDOUBTEDLY A VERY TROUBLED YEAR FOR THE DRY BULK MARKET, SAYS ALLIED SHIPPING
Allied LogoUndoubtedly a very troubled year for the dry bulk market says Allied Shipping in its latest weekly report. 
 
Thomas Chasapis, Research Analyst of Allied Shipping says, at the end of 2018, we were noting strong levels of optimism and bullish sentiment for the year that lay ahead, especially when given the overall recovery that had been noted in 2018 and 2017, whilst most core index figures finished at relatively good levels. Given these positive trends, for most, 2019 was set to also be a year of general upward momentum, inline somehow with the perceived perception that fundamentals were still improving and there would be more balanced and sustainable dynamics witnessed in the market. Even for those that held a more conservative view as to how things would transpire, few would have called the steepness of the downward correction noted, the increased volatility or the continuous shifts in sentiment that characterize the current market.
 
After more than 3 months of being stuck in the doldrums, Thomas Chasapis says, with volatility rising for the first quarter of this year by 178% compared to the same time frame back in 2018 (using standard deviation), we finally saw the BDI pass above the 1,000 basis point mark once more (a point last held at the end of January). Even if you consider this recovery to be momentary and driven mainly by the recovery noted in the Capesize segment, it still represents a huge “breather” for the overall dry sector. 
 
Taking this last point, it is interesting to see the BCI trends of late in more detail. The BCI time charter average closed on Friday at US$ 11,182/day, while just a month prior, it had reached its lowest level (since 2016) of 3,460 US$/day, as such placing the recovery gain in the region of 223% in almost 1 month. If this doesn’t sound so impressive, the BCI index made an even more impressive jump, going from a low point of 92 basis points at the very start of April, up to 1,290 points (14 times higher!). 
 
Furthermore, Research Analyst of Allied Shipping noted that, adding a taste of forward sentiment coming through the paper market, a considerable boost was noted not only for FFA contracts for this year, but also for the calendar years of 2020 and 2021. Notwithstanding this, there is still a fair bit of road ahead before we start witnessing any sort of rebalancing in this segment. The turmoil derived from the Vale incident a few months back continues to shake the market, while now, given that most parties involved are now in the process of adapting to the new market realities, we can expect huge levels of volatility and asymmetries for the rest of the year (at least). Moreover, even if we assume an increase in demand for iron ore in the near term and that it will be absorbed completely by the other main exporters (such as Australia), we will still be left with a tremendous gap in tonne-miles which will continue to add an excessive amount of negative pressure on freight rates.
 
All-in-all, while leaving aside the rather mediocre state being portrayed right now in the dry bulk sector in terms of earnings, the point that troubles most is the overall feeling of uncertainty surrounding the market. Moreover, given a potential 25% levy to be imposed in US imports from China by this Friday as mentioned by President Trump’s tweets on Sunday, it is obvious that we will continue to face random and unpredictable shocks, with tremendous consequences to the overall state of the freight market. With all being said, even under good and strong fundamentals (i.e. balanced supply-demand dynamics), it is very difficult at this point to make any confident assumptions as to what direction the market will take next, even on a short-term basis.


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

Recent News

Wednesday, 10 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
In contrast with the general expectations for the dry bulk market, the sector was not positive or even stable during the past 6 months. The warning ...


Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...


Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...


Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...


Monday, 01 July 19
COAL DEMAND RISES, BUT REMAINS BELOW PEAK LEVELS - FORBES
This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive ...


   3 4 5 6 7   
Showing 21 to 25 news of total 5523
News by Category
Popular News
 
Total Members : 26,420
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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