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, 14 July 11
DRY BULK MARKET KEEPS FALLING ON WEAK CAPESIZE SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


The dry bulk market kept on retreating on Wednesday, with the Baltic Dry Index (BDI) falling to 1,383 points, from 1,411 of the previous day. Capesizes have been the main losers, with the Capesize Index moving down to 1,965 points, from 2,022, while additional pressure came to them market from the Panamax segment which also lost some ground yesterday. It’s more than obvious that it will take a lot more scrapping of older vessels and a much more stronger demand for commodities around the world, to make for the incredible rise of newbuilding deliveries, which have overweighed the market since the end of 2010.

In a recent update, US-based analysts at Commodore Research & Consultancy said that “Capesize rates have come under pressure as we anticipated.  In recent weeks, we alerted clients that capesize rates would likely come under pressure due to our anticipation of a lull in Chinese iron ore demand, and also due to the continued delivery of a large amount of capesize newbuildings. 

Chinese iron ore fixtures have come under significant pressure as we anticipated.  10 vessels (including 5 capesize vessels) were chartered to haul iron ore to China last week.  The previous week saw 21 vessels chartered to haul iron ore to China (all 21 vessels were capesize vessels).  Chinese iron ore demand has remained low this week and more capesize newbuildings continue to enter the market. As a result, capesize rates are coming under pressure” said Commodore. In a latest article, Reuters mentioned that according to traders  dry bulk freight rates were expected to remain subdued in July on the back of the Indian monsoon season, which will most likely reduce iron ore exports from India. Also China may import lower volumes of iron ore due to its current high level of inventories.

In its latest weekly report, shipbroker Fearnley’s referring on the Capesize market, mentioned that “after a short period where owner seems to be deciding the direction and rates kept improving, the air suddenly was out of the balloon end last week. So far this week the big ones have not appeared in the market for West Australia/China, resulting in rates dropping from usd 8.65 to usd low 8s (based on sentiment and lack of fixtures). The front haul rates have however remained steady arnd usd 20.50 bss Tub/Gd, but expected to decrease as less West Australia fixtures resulting in more ballasters. Period marked is steady, with short period rates arnd usd 12,000 dly” said the report.

On the Panamax front, Fearnley’s said that “overall the market is suffering from low activity and a bearsih sentiment where Charterers are holding back to book. North Atlantic rates remain realtively flat above the mid teens with a fine balance between fresh requirements and open positions. In the South Atalntic the almost stable 25 + 500 level gradually seems to disappear as the area clearly is suffering from an increasing number of ballasters from the east. In the Pacific the trend from last week continues. Levels in the 9,000 area and fresh buisines mainly represented by some coal from Indonesiea to China. Otherwise low activity and volumes for more open positions in the Far East. With a slowly sliding FFA market and summer holidays in Europe coming, the forecast is not exactly thrilling” said the shipbroker.

As far as the smaller Handy sector, “business from USG to Cont/Med farily healty but nervous going forward.Overall the Atlantic activity is on the low side with a negative undertone as number of open positions seems to increase. Some shortage of tonnage in the South Atlantaic with the same trend as further north – rates are softening. Pacific market remains quiet. For Indo-India, supras in South China are getting close to 10k. Nickel-ore rounds are getting firm rates in low teens. Very quiet on iron ore front due to monsoons as WCI-China, rates slid to 10k and from ECI around 9k. Little Indian tonnage seen ballasting to Indonesia and RBCT. As a result, RBCT biz fixed on APS at around 20k. Red Sea, ferts on handymax/ supras are fixed at very mid 20´s pmt on voy bss to WC India. Period deals done at 13k for large supras” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Thursday, 19 May 11
OVERSUPPLY, VERY LARGE ORE CARRIERS EAT UP ON DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a brief upward momentum which ended early last week, the Baltic Dry Index, the dry bulk market’s benchmark has returned to its usual pat ...


Wednesday, 18 May 11
THE US COAL INDUSTRY LOGGED EXPORTS OF AROUND 25M TONNES IN 1Q OF 2011 - BRS
Another slow decline in the bulk markets this week, with the BCI losing the most at nearly 5%, the BPI 2.8% and the smaller sizes sub-1% amounts. Th ...


Wednesday, 18 May 11
AKR AIMS TO SELL COAL WORTH RP216 BILLION - PAPER
Bisnis Indonesia, an Indonesia's one of the leading business paper reported that, PT AKR Corporindo Tbk has targeted coal sales valued at Rp216 bil ...


Wednesday, 18 May 11
OVERHAUL OF MINING LAW MAY DETER INVESTMENT, S&P SAYS - THE JAKARTA GLOBE
The Jakarta Globe, an Indonesian English language news paper reported that, A report by Standard & Poor’s Ratings Services that a regulatory ...


Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...


   1050 1051 1052 1053 1054   
Showing 5256 to 5260 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 ...

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