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, 16 June 11
FREIGHT MARKET FAILS TO RECOVER - DREWRY / HELLENIC SHIPPING


With demand failing to improve enough to contain the colossal increases in supply, the dry bulk freight market stayed near the dreadfully low levels witnessed last month. The Baltic Dry Index edged up by nine points to an average 1,352 from 1,343 in April. Only the Panamax segment recorded increases in rates, while Capesize and sub-Panamax segments witnessed further declines in rates. However, the decline in bunker prices, albeit a small one, gave owners some relief as decline in voyage cost provided a support to the earnings.

Even as the freight market failed to bring any cheer in the owners’ camp, newordering activity remained high (albeit lower from last month) as owners relentlessly tried to capitalise on falling asset prices. A total of 74 bulkers were contracted in May, as compared to 72 in April. In dwt terms, however, a total of 5.8 million dwt of orders were placed in May, compared with 6.5 million dwt in April. With the Capesize turning out to be the least profitable segment, the pace of neworders for Capesizes slowed, resulting in the overall reduction in total tonnage ordered over the month.

Despite the freight markets giving unpromising returns, owners remained undaunted and continued to acquire prompt tonnage. Secondhand sales during the month stayed at April level of 2.2 million dwt. In the demolition market, a situation where the market is ailing from a glut of ships, increases in demolitions might take the market closer to the equilibrium. A total of 2.4 million dwt of tonnage was sold for demolition – a level last seen in January 2009. An increase in demolition prices provided further push to owners who were contemplating demolishing their tonnage. Demolition prices increased on an average by 5-6%.

Our view Although demand is improving with China increasing its coal imports amid higher domestic prices and grain trade generating longer tonne-miles with South American countries continuing to bridge the gap before the return of Russia and Ukraine in the grain market, the supply side anomalies pose grave danger to the recovery in the dry bulk freight market.
Source:
Drewry / Hellenic Shipping



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

Recent News

Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...


Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...


Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...


Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...


Tuesday, 10 May 11
DRY BULK MARKET KEEPS ON RISING, OUTLOOK MIXED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched forward once again on Monday, with the Baltic Dry Index rising by 0.6% to 1,348, although the Capesize market was 0.57% l ...


   1051 1052 1053 1054 1055   
Showing 5261 to 5265 news of total 6871
News by Category
Popular News
 
Total Members : 28,696
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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