We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
 The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at lower prices, company executives say. The Greek financial crisis has been "bad news" for the shipping industry, putting increased pressure on the demand side, said PSL managing director Khalid Hashim.
The crisis has seen shipping demand fall from the European Union - an economy as large as $13 trillion - as well as spurring a substantial depreciation of the euro, he said.
The public debt catastrophe could also slow economic stimulus measures throughout Europe.
"What will happen to demand once these stimulus packages are turned down or turned off?" he said.
PSL, the country's second largest dry bulk carrier, expects the Baltic Dry Index (BDI) to fall in the second quarter from an average of 3,026 in the first three months.
The BDI - the most closely watched dry bulk shipping rate for commodities - rose by about 20% since the beginning of the year mainly on strong demand from China.
The index rose by 4% on the weekend to 3,608.
"We expect the BDI to decline from the current level. This is the good news for us as ship prices will go down," said Mr Hashim.
The carrier is in the market for 23 second-hand ships after selling 25 aging vessels since the start of last year and having only acquired two replacements to date.
"We expect ship prices may come down by 20% this year," he said.
Fewer vessels in service and a 14% year-on-year drop in freight rates to $12,425 per ship per day caused PSL's net profit to plunge by 53.9% to 389 million baht in the first quarter, a 6.6% quarter-on-quarter slide.
Revenue was 803 million baht, down 59.3% from a year earlier and 10.9% quarter-on-quarter.
PSL finance director Khushroo Wadia said the company would probably focus on consolidating its position this year before expanding over the next two years.
The carrier has placed orders for 18 new ships, two of which will be delivered in the second half and the rest by the end of 2013.
The BDI is expected to remain weak this year and next, only starting to pick up from 2012 onwards, he said.
While the outlook for the shipping industry remains bullish in the long-term it is quite bearish in the short-term, said Mr Hashim.
Shares of PSL closed yesterday on the Stock Exchange of Thailand at 19 baht, up 30 satang, in trade worth 18.6 million baht.
Source: Bangkok Post / Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 23 August 10
COAL FOR FAST-TRACK PROGRAM ASSURED
Antara and the Jakarta globe reported that, the coal supply for the government’s 10,000 megawatt “fast- track” program was assured ...
Monday, 23 August 10
NOBLE RESOURCES AND PAN ASIA INK MAJOR COAL DEAL
Pan Asia Corporation Limited has, via Innovation West Pty Ltd, entered into a binding coal purchase & finance agreement with Noble Resources Pte ...
Monday, 23 August 10
THE FREIGHT MARKET IS EXPECTED TO BE FIRM FOR NEXT COUPLE OF WEEKS - VISTAAR SINGAPORE
COALspot.com: The BDI continued to rise this week by 11.67 pct with the other sectors also keeping the moment. The cape size index also was up by 11 ...
Friday, 20 August 10
JAKARTA TO HOST 9TH ASIA PACIFIC MINING CONFERENCE AND EXHIBITION IN OCTOBER
ASEAN Federation of Mining Association (AFMA), an association of mining groups in Southeast Asia, will hold the 9th Asia Pacific Mining Conference a ...
Friday, 20 August 10
OVERSEAS AND GENERAL SUBSIDIARY INKS US$52M JONGKANG COAL SALES CONTRACT - PROACTIVE INVESTORS
Proactive Investors reported that, overseas and General (ASX: OGL) has reported that its Indonesian majority owned subsidiary, PT OGL Indotrade, has ...
|
|
|
Showing 5651 to 5655 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Independent Power Producers Association of India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Malabar Cements Ltd - India
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- McConnell Dowell - Australia
|
| |
| |
|
