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
Tuesday, 23 August 11
A SHARP INCREASE IN THE BDI - BRS


A sharp increase in the BDI this week, driven by the rise in Capesize rates. Overall the BDI was up 13.5% to 1,462 points on the back of a 20% surge in the BCI to 2,220 points. The BCI has traded over 2,000 points for only 17 days this year. In the smaller sizes, there was less change, with the BPI and BSI rising 6% to 1,609 and 1,338 respectively. Finally the Handies saw marginal change, rising just 6 points to 648.  An item in the Indian press reported that Coal India had overtaken oil and gas group Reliance Industries as the country’s most valued company. According to the recently published BP Statistical Review of World Energy, coal represented 53% of India’s fuel consumption in 2010, while oil and gas together represented just 40%. Analysts confirmed as long as India continued to grow so would coal demand, with the government saying consumption could triple in the next two decades to 2bn tonnes. 

Capesize
An increase in cargos and a lack of available tonnage combined to push Capesize rates up sharply this week, with the 4TC reaching $15,136, a rise of over 40%. Atlantic and fronthaul trades both showed double digit gains, with BrazilChina exceeding $23 per ton by the close of the week. The Pacific was the only ‘loser’ with rates rising only 9% to close at just under $9 per tonne. All indices rose again on Monday, indicating there is faith in a further strengthening in rates, on the back of expected fresh cargos. In the FFA market, rates moved up by 6% for Cal 2012 to just over $13,000 per day but the biggest increase was shown for September trading which finished the week at over $15,000 per day. 

Panamax
Last week the Panamax market remained quiet and almost flat with very little fresh activity reported. However, freight rates kept rising slowly, following the Cape trend. The spot index posted a shy US$500 gain over the week with the Pacific basin recording the higher rise (P3A +US$870/day). Meanwhile, open tonnage stayed unchanged in the Atlantic but built up in the Pacific so the picture for the coming days is still unclear. The Transatlantic round voyage was traded in the $14,000/$14,500 range at the beginning of last week in a very quiet market due to major Orthodox/Catholic bank holiday. Positive sentiment was shared among players after this slow start, pulled by a booming Cape market. That said, as oversupply has absorbed every single fresh cargo over the last weeks, this slight recovery is not seen as a sustainable one. Fronthaul market was almost muted in the first part of the week but showed some colours finally, with an Aughinish to Far East fixture via US Gulf done in the mid $20,000. In the Pacific, tonnage was tight early on then picked up again in a rising market. Market was active with a fair number of fresh cargoes out of Indonesia. Indonesia round voyage was trading at around $9,000/$9,500 at the beginning of the week and broke $10,000 Friday. Short period also rose by about $1,000 with much interest from charterers bidding $12,000 for 4-6 months. One could say that the next market direction is still unclear as open tonnage is rising while the index was doing the same, along with the FFA market. It is the same story today with freight rates (physical and paper) pushing while open tonnage keeps building up. These contradictions cannot last forever…

Supramax/Handy
The Baltic Supramax went up 113 points to finish at 1,338 last week, while the average of the time charter routes gained $870 to finish at $13,989 per day. Far East was very active with Supras fixing Aussie round delivery China at $13,000 per day. In the Atlantic, USG to Med with pet coke has been fixed at $27,250 daily, while trip to Far East were fixed close to $30,000 daily. The activity was supported in the Far East by interest in short period redelivery worldwide around $14,500 daily. In the smaller sizes the handy Baltic Index went up to 6 points to finish at 648 with the time charter route gaining $97 per day to finish at $9,552.  Far East mainly drove the increase of the Baltic index with several vessels fixed close to $11,000 daily for Aussie round. Compared to last week the Atlantic basin remained firm with Handysizes rating at $15,000 from ECSA to Cont, while USG remained quiet. Activity in the Atlantic was also sustained in the Atlantic with more cargo out of the Black Sea.
Source: Barry Rogliano Salles



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

Recent News

Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...


Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...


Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...


Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...


Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...


   1022 1023 1024 1025 1026   
Showing 5116 to 5120 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 ...

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