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
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry’s benchmark has been falling this week, with the Baltic Dry Index (BDI) retreating yesterday to 1,886 points, close to its 2010 lowest. Both the capesize and the panamax segments were among the main losing sectors yesterday. During the course of the previous week, the Baltic Capesize Index managed to put a halt in its demise, by posting a marginal increase of 1% on a weekly basis. According to a weekly report from shipbroker Barry Rogliano Salles (BRS), the improvement was mainly due to a surge in demand from the big miners in the Pacific in the later part of the week. However the Capesize 4TC is now hovering around US$25,000 per day, the lowest point since the summer and well down on the average for the year. In India, Karnataka ore sellers will have to wait until mid January to hear a decision on their bid to overturn the state’s export ban. This week India’s top court gave the state additional time to respond to the miners’ legal petition. The Federation of Indian Mineral Industries has already estimated the ban will reduce India’s ore exports by 38% to 66m tons in 2010. The Karnataka High Court earlier upheld the provincial government’s decision to halt shipments overseas” said BRS.

It also warned though that based on trading in the futures market, rates are expected to continue their drift down in 2011, with 1H 2011 looking slightly more optimistic still than second half. Ship deliveries have slowed at the year end, but we can expect a resurgence in January with many owners postponing their December deliveries to the new year in order to have the more attractive ‘2011 built’ tag.

In a separate analysis, N.Cotzias Shipping Group mentioned that “we definitely get no short term trend patterns out of monitoring the indices, and that is for sure. If one expected to get a clear indication of the Dry bulk market just by studying the Baltic indicators we believe that this would never be sufficient, given the volatility and fluctuations that have become even more drastic during Nov & Dec of 2010. We expect this erratic behavior to continue well into 2011 with rather short term spikes to be followed by equal magnitude rapid falls. With more ships entering the market and with substantially lower increase in the demand for these, we feel that we should well embrace ourselves for falling ship prices, and many investment opportunities that will be there for the investors and owners that are seeking new fresh acquisitions. 2011 may well be a good year for the secondhand and resale S&P market and we will expect softer prices at more realistic levels to prevail” said the broker.

According to the report the past week’s interesting moves were the serious fall of the Panamaxes that have continued to contribute to the uncertainty with its weekly crazy looking ups and downs that have now started to fluctuate on a weekly trend. The stabilization of the Capes that show that there is the potential to make a rise, positive signs on the Cape market are seen by the secondhand sale and purchase and newbuilding front where some decent sized and decent priced capes changed hands or found a new “master” this week. Poly’s Hajioannou Safebulkers inked a Cape NB at Jinhai at $53mil backed by a 10y T/C at $25,000 per day. Also two NB resale capes were reported this week, with delay 11/2011 and 2/2012 by Noble who have agreed also on taking them in on long term T/C. FormosaBulk Energy 170k built 2002 was sold to undisclosed for 42.7mil while the smaller “Iron Brothers” 151k, 91 blt was sold to Chinese for $19.5mil said Cotzias.

As for China’s moves affecting the market, the weekly report on China from US-based Commodore Research & Consultancy said that Chinese commodity demand remains strong despite concerns over inflation. Thermal coal demand remains especially robust and coal shortages have become very severe in the central part of the nation. Steel output remains steady which has continued to result in firm demand for imported iron ore. Market sentiment has not yet fully recovered from inflation-related pressure however. Also, it mentioned that as a whole, coastal shipping rates to haul dry bulk commodities to ports along China’s coast have decreased moderately in recent weeks. Chinese commodity demand has remained strong but rates have come under pressure due to decreases in congestion. Congestion appears to be firming and rates to ship grain have begun to find support. Rates to ship grain from ports in Liaoning province (a major grain producing province in northeast China) to ports in Guangdong province (located in southern China) have increased to approximately $11.38/ton, $0.18 (2%) more than a week ago” concluded Commodore.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Wednesday, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...


Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...


Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company. ...


Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...


Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...


   1094 1095 1096 1097 1098   
Showing 5476 to 5480 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 ...

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