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, 06 December 11
DRY BULK MARKET ENDS RALLY, STARTS WEEK WITH FALL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


After a series of increases which saw the dry bulk market’s benchmark, the Baltic Dry Index (BDI) increasing close to 1,900 points and rates on some Capesize routes reaching a three-month high, the start of the new week brought this upward trend to a halt. Specifically, the BDI fell by 10 points to 1,856 points, with all major indices in negative territory. The Capesize segment of the market, which led most of the gains last week was lower yesterday to 3,390 points, while Panamaxes were also a bit lower to 1,693 points (Baltic Panamax Index).

In a statement from the Bedford Report, coal exports are recovering from supply disruptions in Australia, coinciding with a seasonal boost in shipments of the fuel and of grains, said Ole G. Stenhagen, an analyst at SEB Enskilda ASA in Oslo. The BDI's dramatic ascent could be short-lived, however. Khalid Hashim, managing director of Thai-listed Precious Shipping, told an industry conference he saw the BDI falling to as low as 1,000 points by year's end due to more ships taking to the seas. Reports from Reuters state that the dry bulk fleet -- responsible for shipping iron ore, coal and other commodities -- was expected to grow 13 percent this year to top a record 600 million deadweight tonnes despite demand rising by just 5 to 8 percent.

Still, fleet growth will outpace demand for commodities shipped in bulk and market sentiment will again turn negative in 2012, JPMorgan Cazenove said in a report at the end of the week, as mentioned in a Bloomberg article. Rates for single-voyage and longer-duration charters across the shipping industry are 60 percent lower than 10-year averages after owners ordered too many vessels before a 2008 collapse in rents, analysts led by London-based Christopher G. Combe said in the report. Deliveries of dry-bulk vessels will peak in 2012 based on outstanding orders for new ships, according to JPMorgan Cazenove, which initiated coverage on five maritime and offshore companies.

Meanwhile, in a separate story from Bloomberg yesterday, quoting Macquarie Capital Securities Inc., the Baltic Dry Index will take until 2014 to exceed an average level of 2,000 points, as iron ore production runs below estimates. “We believe 2012 will be the low point for rates, but that the recovery back to a BDI average of around 2,000 will take until 2014,” the bank said. Top global producer Vale SA’s output of the steelmaking raw material will be 26 percent lower next year than projected by the company in 2007, Macquarie said in a report e-mailed yesterday. That equates to a shortfall of 110 million metric tons, it said.

At the same time, the fleet is set to expand more quickly than demand to ship commodities, the report showed. The dry-bulk fleet’s growth next year will outpace an estimated 8 percent gain in demand to transport commodities by sea, even as scrapping of older vessels surges 48 percent, Macquarie analysts said in the report.

“Macquarie predicted the most pressure on earnings over the next two years for capesizes and panamaxes, the two largest dry- bulk vessel classes. They have the greatest surplus of capacity, the analysts said. The largest and smallest capesize subclasses, so-called very large ore carriers and mini-capes, had the biggest oversupply, Macquarie said, citing a presentation from Ian Sheriff, a representative of Zodiac Maritime Agencies Ltd. The London-based ship operator has a fleet of 34 capesizes and 13 very large ore carriers. Dry-bulk ships with a combined capacity of 37 million deadweight tons will be demolished next year, up from 25 million tons in 2011, the report showed. Vessel deliveries will drop to 70 million tons from 96 million tons this year, Macquarie forecast” said Bloomberg.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Thursday, 08 December 11
INDIA MAY SEE 41% ANNUAL GROWTH OF ITS COAL DEMAND DURING THE NEXT 5 YEARS - ICAP SHIPPING
India’s Ministry of Coal expects that India’s coal demand may face an annual 41% rise during the next 5 years, while its coal deficit is ...


Thursday, 08 December 11
HAREDA KRIDA GETS CONTRACT FROM BAYAN - INSIDER STORIES
Insider Stories reported that, coal miner PT Bayan Resources Tbk (BYAN), through its subsidiary dubbed PT Gunungbayan Pratamacoal (GPB), has signed ...


Thursday, 08 December 11
CAPESIZES LIFT DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize vessels yesterday helped lift the dry bulk market which had been falling since the start of the week on lower cargo demand. As a result the ...


Wednesday, 07 December 11
ABM INVESTAMA EYES RP6.3 TRIO REVENUE - INSIDER STORIES
Insider Stories reported that, an energy integrated company PT ABM Investama Tbk is eyeing  a 1.5 folds increase in revenue this year from Rp4. ...


Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...


   987 988 989 990 991   
Showing 4941 to 4945 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 ...

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