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, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...


Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...


Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...


Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore” Press Release - K ...


Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...


   1074 1075 1076 1077 1078   
Showing 5376 to 5380 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 ...

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