COALspot.com keeps you connected across the coal world
  • JUNE 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.48 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

Monday, 03 June 19
SUPRAMAX: A 61,000 TONNER OPEN NORTH CHINA, FIXING A TRIP VIA INDONESIA, REDELIVERY SOUTHEAST ASIA AT $7,500 - BALTIC BRIEFING
Capesize The market continued its steady ascent over the past week to improved levels. The TC average opened the previous week at $12,243 and c ...


Wednesday, 29 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
Reflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarte ...


Sunday, 26 May 19
SUPRAMAX: A LIMITED ACTIVITY WAS REPORTED, WITH THE UPCOMING INDONESIAN HOLIDAYS SLOWING COAL MOVEMENTS - BALTIC BRIEFING
Capesize The past week marked one of the busier periods for Capesizes this year. With a subdued start due to a public holiday in Singapore on M ...


Wednesday, 22 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
The ship repair sector is showing a constant and gradual increase on the workload throughout the past months, with almost all the shipyards worldwi ...


Saturday, 18 May 19
SUPRAMAX: 56,000DWT OPEN PANJANG FIXING AT $10,500 FOR A TRIP VIA INDONESIA, AND REDELIVERY CHINA - BALTIC EXCHANGE
Capesize The market continues to ebb and flow with a generally positive up trend. The Capesize 5TC opened with upward momentum from last week&r ...


   3 4 5 6 7   
Showing 21 to 25 news of total 5496
News by Category
Popular News
 
Total Members : 26,270
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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