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
Friday, 02 September 11
CAPESIZE DEMAND LIFTS DRY BULK MARKET ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


In what proves to be the best week of the year for Capesize owners, strong demand has helped propel the dry bulk market to new highs yesterday. The BDI (Baltic Dry Index) was up by 3.89% to 1,682 points, with Capesizes boosting the market again. Yesterday, the Baltic Capesize Index was up by 8.04% and more than 25% since the beginning of the week, to 2,807 points. By contrast, all other ship types and segments were down, with Panamaxes losing 0.25% to 1,624 points (Baltic Panamax Index).

Meanwhile, in the ever so increasingly important for a further recovery of freight rates demolition market, shipbroker Golden Destiny noted that “the uncertainty of global financial markets has a direct impact on the shiprecycling industry. Since the U.S. economy downgrade the volume of activity and scrap prices have eased off significantly with scrap buyers remaining skeptical to commit to new units unless they see the new direction in prices. Scrap prices have fallen by around $30/ldt for the last month in the Indian subcontinent region and owners are struggling to beach their vessels at levels excess $500/ldt. India is now paying less than $500/ldt for dry/general cargo and about $520/ldt for wet cargo. The Ramadan period does not alleviate the current status and there are hopes for a rebound from the end of August.

In Bangladesh, the threat of closure remains, even the official extension of the market till early October, and some owners put off their decision for beaching their vessels in Chittagong. In China, scrap prices have not slipped below $450/ldt and now the price gap with the Indian subcontinent region has narrowed with hopes for more intense activity in the future.

The week ended with 18 vessels reported to have been headed to the scrap yards of total deadweight 740,996 tons. In terms of the reported number of transactions, the demolition activity has been marked with a remarkable 157% rise from previous week’s activity, while there has been a 281% increase of the total deadweight sent for scrap. In terms of scrap rates, the highest scrap rate has been achieved this week for a handysize vessel M/V “EMI S” of 34,913dwt built 1983 with 7,830tons of lightweight at $525/ldt in Bangladesh. Bulk carriers are the most popular scrap candidates recording a 400% weekly increase of scrapping activity. At a similar week in 2010, demolition activity was standing at similar levels, in terms of the reported number of transactions, 18 vessels had been reported for scrap of total deadweight 356,048 tons with tankers, reefers and Ro-Ro carriers being on the frontline comparable with nowadays concentrated interest in the bulk carrier segment . India was offering the best levels by paying $400/ldt for dry/general cargo and $435/ldt for wet cargo” concluded the Piraeus-based shipbroker.

In terms of the second hand market, it has already experienced signs of of significant falls especially for larger size vessels, in the bulk carrier and tanker segment, but it is too early to determine the new benchmark values unless the new transactions are confirmed and others at similar levels follow said the report. “The last week’s rumor for a capesize Imabari resale of 180,000dwt built 2011 to be under negotiations at region mid $40 mil was not finalized as sellers did not lift the subjects. The owner seemed not willing to accept the low sale price since the vessel is said to have been ordered at much higher levels. The week closed again with silent secondhand ship purchasing activity in the bulk carrier segment and stronger buying activity for smaller tankers.

Overall, 18 vessels reported to have changed hands this week at a total invested capital in the region of US$ 139 million, 9 transactions reported at an undisclosed sale price. In terms of the reported number of transactions, the S&P activity is up by 157% from last week’s activity, mainly due to a sharp rise in the tanker buying momentum and up by 63% comparable with previous year’s weekly S&P activity when 11 vessels induced buyers’ interest with tankers and bulk carriers grasping 63% share of the total volume of S&P activity. In terms of invested capital, the tanker segment seems to be the most overweight due to the large volume of transactions concluded. Notable deal of the week in the tanker segment for an aframax auction vessel sale of 115,583dwt built 2005 Japan at region $34,8 million” concluded Golden Destiny.

In terms of the presence from Hellenic ship owners, they appear to be active with a movement reported in the capesize segment for a vessel of 168,968dwt built 1998 South Korea at region $19 mil. In the newbuilding market, Greek owners have still plans for the placement of new units. In the previous week, Transmed is said to have signed a letter of intent (LOI) with STX Offshore Shipbuilding for five MR units plus option for five more at an undisclosed contract price with delivery late 2013. In the LNG segment, Gaslog is said to have extended its order placed earlier in the year by two more LNG 155,000cbm units at Samsung Heavy Industries for delivery in 2013. In addition, in the bulk carrier segment Chartword is said to be in discussions with Chinese yard Shanghai Waigaoqiao Shipbuilding for a bargain deal of two kamsarmax units with option for four more at a price less than $30 mil. According to newbuilding sources the deal is at dangerously low levels with the yard hardly making any profit on the deal.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Tuesday, 06 September 11
INDONESIAS PROPOSED COAL EXPORT BAN MAY HAVE IMPACT ON THE INDIAN POWER SECTOR - DIPESH DIPU
COALspot.com - This is a special interview about Indonesian proposed coal export ban by 2014, with Mr. Dipesh Dipu, Director of Deloitte Touche Tohm ...


Tuesday, 06 September 11
SEMEN GRESIK TO ACQUIRE COAL MINE FOR RP. 1 TRILLION
COALspot.com - PT Semen Gresik Tbk (SMGR) is planning to acquire a low calorific value coal concession (IUP). According to Semen Gresik, the coal mi ...


Tuesday, 06 September 11
DRY BULK MARKETS RALLY POWERS THROUGH TO NEW WEEK, BUT A CORRECTION COULD BE OVERDUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s freights rates kept leaping forwards during the beginning of the week, with the industry’s benchmark, the Baltic D ...


Monday, 05 September 11
TNPL POSTPONES BID OPENING UNTIL 12 SEPTEMBER 2011
COALspot.com - TNPL has postponed submission of the offer until 12 September 2011 on request from the supplier, an Indian trader said. Due to Ram ...


Monday, 05 September 11
INDONESIAN COAL BENCHMARK PRICE - ANALYSIS
Analyst : Sunil K Kumbhat COALspot.com - As a part of the Government’s efforts to stop transfer pricing abuses which have resulted in the los ...


   1019 1020 1021 1022 1023   
Showing 5101 to 5105 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 ...

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