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

Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...


Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today. Seven Indian coal  traders have submitted price bid to sup ...


Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...


Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...


Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...


   1066 1067 1068 1069 1070   
Showing 5336 to 5340 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 ...

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