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

Thursday, 24 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...


Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...


Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...


Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...


Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...


   1072 1073 1074 1075 1076   
Showing 5366 to 5370 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 ...

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