COALspot.com keeps you connected across the coal world

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


Search News
Latest CoalNews Headlines
Saturday, 17 April 10
DRY BULK MARKET EDGES HIGHER ON STRONGER DEMAND


The dry bulk market managed to inch higher by the end of the week as brokers indicated that stronger cargo demand pushed freight rates that much higher. The Baltic Dry Index move forward to surpass the 3,000-point once again and end the week at 3,009 points. According to Weberseas’ latest weekly report “improving rates are pushing the indices upwards albeit at a steadier pace. All the market indices have finished the week positively with increases between 1-4%” said the report.

It further added that no doubt there is solid demand from China and coupled with the continued congestion around the world's main loading/discharging ports we are seeing a supply/demand imbalance. “Worldwide congestion currently stands at around 31 million deadweight. Australia and Brazil are accounting for about one third of this. At Australia's loading ports there are 5.7 million deadweight of ships waiting (half of which are panamax bulkers with 40 odd of these ships stuck in waiting). The figure is slightly less in Brazil at 4.7 mill deadweight” said Weberseas.

As the talks continue between the Chinese steel mills and the major mining producers (BHP Billiton, Rio Tinto and Vale) more and more of the Chinese importation is done via spot fixtures from other areas with India getting the lion's share. This means that supramax and panamax bulkers are benefiting and presently experiencing strong freight numbers. Panamax bulkers seem to be benefiting the most at the moment from the congestion and we are seeing the BPI standing at a 25% premium over the BCI (4,034 and 3,071 respectively). Both the supramax and panamax segments have also been assisted by the good grain trading volumes.

But brokers remained cautious, as their primary concern is the fact that rising iron ore prices could hurt demand and hit cargo activity. Iron ore prices in Asia were rising throughout the week, continuing a rally that started last month, with high grade ores at their highest since August 2008, Reuters said in a report, adding that China has been buying Indian iron ore, shipped using supramaxes, bolstering rates on the smaller vessel market.

Analysts from Commodore Research indicated in another update on Chinese commodity demand that China’s restrictions on iron ore imports have forced spot ore prices to increase sharply. Chinese iron ore fixtures have remained relatively firm this week, ore fixtures were very low yesterday and on Monday - but today they have increased.  Chinese ore demand continues to remain firm, and, so far, importers are not truly heading a call to boycott Australian and Brazilian iron ore. Spot Indian iron ore prices have increased to approximately $146/ton FOB, an increase of $22 (18%) from April 5.

Omar Nokta of Dahlman Rose stated that if the quoted Vale price is accurate, the dry bulk market could see significant upside in the coming weeks, as $100 would represent a significant discount to current spot prices. "With more stability and increased visibility into iron ore pricing, the dry bulk market can begin to better reflect the stronger environment across the global industrial complex", Nokta said.
Source: Nikos Roussanoglou, Hellenic Shipping News



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

Recent News

Friday, 01 April 11
SUPRAS EX RICHARDS BAY COAL TERMINAL TO INDIA HOVERING AT $ 25 - 27.00 PMT - FEARNBULK
Handy Atlantic markets remain stable with more activity from the Black Sea to FEast paying in the mid 20´s on Supras. The USG remains firm p ...


Friday, 01 April 11
DRY BULK MARKET WEAKENS ON SLOWER DEMAND, HOPES FOR MID-TERM REBOUND ON JAPANS RECONSTRUCTION - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market, as reflected in the Baltic Dry Index (BDI) retreated for a third day yesterday, after staying flat on Monday, to end at 1,530 p ...


Wednesday, 30 March 11
CHALLENGER SIGNS OPTION AGREEMENTS TO PURCHASE FOUR COAL PROJECTS IN INDONESIA
Challenger Signs Three Exclusive Option Agreements to Purchase Four Coal Projects in East Kalimantan, Indonesia Challenger Deep Resources Corp.ha ...


Wednesday, 30 March 11
KPCL TO IMPORT ONE MILLION TONS OF 6300 GAD COAL
COALspot.com - Karnataka Power Corporation a state utility of Karnataka, India called for open tender for supply of one million tons of 6300 Kcal/kg ...


Wednesday, 30 March 11
WIKA GRABS PROJECT FROM ADARO INDONESIA - INSIDER STORIES
One of Indonesia's largest thermal coal PT Adaro Indonesia has finally mandated PT Wijaya Karya Tbk (WIKA) as a contractor to install and manage ov ...


   1063 1064 1065 1066 1067   
Showing 5321 to 5325 news of total 6871
News by Category
Popular News
 
Total Members : 28,699
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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