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
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE


The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points versus the previous week. As a result, August’s monthly average is now at 2417 points, significantly improved over last month’s average of 1910 points. According to a weekly report prepared by N. Cotzias Shipping Group, the BDI is set to increase before year end and possibly peak beyond the 5,500 points mark. “For this increase to be effective some resistance levels have to be met and surpassed and some other conditions have to be met”. Commenting on this week’s performance of the market, the Piraeus-based shipbroker said that it was a mixed feeling week, a breather. “The larger capes and panamaxes suffered minor losses and the smaller supramaxes and handymaxes posted minor gains. Overall the general index fell and the overall sentiment is that the overwhelming increased was too rapid and had to correct somehow. Still there are many ships chasing lesser/fewer cargoes and this imbalance of the market is self]implicated and will sooner become far worse than better. Have owners been shooting at their own feet? Definitely yes!” the broker mentioned.

Still, the shipping markets seem to have regained a great share of the heavy losses encountered during the first two months of this summer period and “before August says “kalo xeimona” - a Greek traditional wish for a pleasant winter - to us, we will be in a positive situation where we recovered a great percentage share of the heavy losses in both the indices and actual daily freight hire. The shipping markets were greatly assisted, by the added momentum that were offered in the past 2 weeks by the Capes and the Supramaxes. However the underlying global market fundamentals still pose a great degree of an uncertainty level although overall the picture looks much better than 2 months ago. China has imposed their game rules in the iron/ore pricing agreement, and the country’s size and import appetite on its own have such great weight that they can and have brought the per tone prices to the desired levels. Russian grain exports embargo/ban went into action as from the 15th August until 31st December 2010, and the Russian exports will be limited to 60]65 million tones for 2010 as opposed to 97 million tones for 2009. This is a serious quantity reduction that will be needed to be shipped from alternative locations and this will definitely act positively on shipping freights as the per ton mile cost will increase. A notable slowdown in period and time charter fixtures was noticeable this week and a total of only 84 fixtures were recorded compared with 112 of last week” Cotzias said.

Meanwhile, in a separate report by shipbrokers Golden Destiny, last week ended with 29 sales reported in the secondhand and demolition market. The highest activity has been recorded in the newbuilding market with 48 orders reported in total. “The secondhand market has been marked with almost 52.17% negative yearly change with 11 vessels reported to have changed hands this week equalling a total amount of money invested around $185,800,000. In the demolition market, 18 vessels have been headed to the scrap yards of total deadweight 356,048 tons, while in 2009 14 vessels reported for scrap indicating a positive yearly change of around 28.5%. In the newbuilding market, 48 vessels reported to have been ordered equalling a total deadweight around 4,490,500 tons. The dry sector has held the largest share of newbuilding contracts, equalling a total deadweight of 2,154,500 tons, with kamsarmaxes being the most popular vessel type. The Greek presence has been noticed this week in the secondhand market with 2 transactions, one in the handysize bulkcarrier sector and one in the MR tanker sector, and in the newbuilding market with 5 transactions, 1 in the kamsarmax bulkcarrier sector, 2 in the handysize bulkcarrier sector and 2 in the container handy sector. The cumulative amount invested by Greeks can be calculated only in the secondhand market, which was $ 11,000,000 , since in the newbuilding market the relevant information has not been disclosed” Golden Destiny concluded.
Source: Nikos Roussanoglou / Hellenic Shipping



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

Recent News

Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...


Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...


Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market. However the BDI continued the upward trend mainly due ...


Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...


Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...


   1124 1125 1126 1127 1128   
Showing 5626 to 5630 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 ...

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