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
Thursday, 27 May 10
DRY BULK RATES REACH 2010 HIGHS, BUT FUTURE REMAINS UNCERTAIN


This week is proving to be a milestone for the dry bulk market, as the Baltic Dry Index has propelled itself at never before seen levels for 2010. Yesterday, the BDI edged up even higher at 4,209 (+ 22 points on a daily basis), with the Capesize market segment once again leading the pack, as all other ship types demonstrated deflationary trends. Still, after the impressive increase of Tuesday, yesterday proved a rather moderate session, with few fluctuations, in what could be a sign that charterers have tested their strength and aren’t willing to push the market any further. Thus, some market correction could be in store in the following days.

In yesterday’s weekly report, Fearnley’s said that capesize rates went through the roof. “Early this week, FFA values for June were USD 51,500 vs. mid last week USD 37,000, one of the main drivers for the physical market. The freight for Australia round voyage jumped from USD 12.1 last week to USD 14.2 mid this week, Tubarao Qingdao from USD 29.9 to 34.4! Although some talks about the market appearing more toppish now - nobody dares to say we are presently on the top. It is also interesting to note last year’s jump around this time, the 21st of May the index was USD 40,000 vs. USD 93,000 the 3rd of June”.

Commenting on a lackluster panamax segment, the shipbroker said that “as expected and despite the strong re bounce in the Cape segment, the Panamax market gradually lost some of its momentum over the last few days. In the Atlantic prompt Continent positions are still able to secure very healthy numbers in the mid/upper 40´s, whereas Charterers with June requirements may not be so tight on tonnage. Front haul typically in the mid/high 40´s range apart from spot trips via Aden as a Baltic-India buiz done at 60K. The Pacific market has consolidated around the low 30.000 level for NOPAC and ECSA rounds. The period market is still fairly active indicating the market may believe the downside is limited” said Fearnley’s.

In a market comment released this week, Jeffrey Landsberg of Commodore Research said that he remains cautious for what is in store for the future and there is valid concern that freight rates may come under great pressure in the second half of the year. “With that in mind, though, we continue to take things one step at a time, as there will continue to be opportunities to benefit from changes in short-term market dynamics, as we have seen in the dry bulk equity, FFA, and physical markets in the last few weeks”. According to Commodore’s analysis, approximately 100 capesize vessels were delivered in 2009, about 66% of what was expected to be delivered back in July 2008. “Capesize freight rates averaged approximately $43,000 in 2009. This year, approximately 45 Capes were delivered in the first quarter of this year with more delivered each week.  On an annualized basis that's 180 Cape deliveries for 2010.  At the time of writing, however, Capesize freight rates are averaging $48,248/day - well above operating costs and historically a very robust rate” said Landsberg.

In the short-term though, Chinese demand for thermal coal is expected to remain robust as China enters peak summer demand season and the economy continues to expand at a rapid pace. In addition, the commencement of Indian monsoon season will result in China needing to import more iron ore from Australia and Brazil which will lend additional support to Capesize freight rates. A decrease in Indian iron ore exports, which are normally carried on Supramax and Panamax vessels, will be partially offset by an increase in Chinese grain imports. Overall, dry bulk cargo demand is in a bit of a lull, but thermal coal and grain demand remain robust and iron ore demand is still firm.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Wednesday, 26 May 10
ADANI GROUP EYES AFRICA FOR COAL MINING PROJECTS
India Info Line reported that, After acquiring coal mines for importing Indonesian coal to run its thermal power plants in the country, the Adani Gr ...


Wednesday, 26 May 10
DRY BULK MARKET SHOOTS UP, CLOSES IN ON POST-CRISIS ERA HIGHS
In an opposite trend than that of the previous week, the Baltic Dry Index (BDI), a benchmark for tracking costs to haul commodities at sea, shot up ...


Wednesday, 26 May 10
BUMI TO CUT UP TO USD 1 BILLION DEBT IN 12 MONTHS
Press Release : PT Bumi Resources Tbk. announced yesterday that it has revived its intent to issue non preemptive shares and added this to the agend ...


Tuesday, 25 May 10
COAL PRODUCTION MAY REACH 320 MILLION TONS THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal miners expect to produce as much as 320 million tons of coal this year, an increase of nearly 7 perc ...


Tuesday, 25 May 10
KALIMANTAN COAL RAIL PROJECT RUNS INTO COST DELAY - THE JAKARTA GLOBE
The Jakart globe reported that, A$1.5 billion coal rail and port project planned for Central Kalimantan may be delayed by a year after a review of t ...


   1161 1162 1163 1164 1165   
Showing 5811 to 5815 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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