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, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new year, in order to proceed with new dry bulk orders. As a result, the industry’s benchmark, the BDI (Baltic Dry Index) fell once again on Wednesday to 1,856 points, down by 1.17% on the day, with Panamaxes erasing the previous gains and losing 2.16% on the day. The Baltic Panamax Index now stands at 1,720 points. Similarly, demand has thinned out for Capesizes, with the respective index falling by 1.09% yesterday to 3,526 points. Supramaxes were unchanged, while the demise of the smaller Handysizes wasn’t about to end yesterday.

Commenting on the Panamax market, shipbroker Fearnleys said in its latest weekly report that “limited fresh business appearing in both hemispheres as Christmas is getting closer, causing the market to slide slowly. As the majority of December cargoes have been cleared out and the list of open positions is growing, expectations for the coming days and weeks are not over enthusiastic. 15k for TA, 25k for trip out, and 11k for Pacific rounds represents market levels this week. 2011 seems to end where it started, with a BPI on about 14000 and on a downward trend. Fluctuating from lowest 10372 Feb 2nd to highest 17115 March 11th the year is about to close with an average BPI also at 14000. With a descending forward curve passing 11500 for 2012 it may be highly relevant to wish all market participants a Merry Christmas and a Happy New Year!” said Fearnleys.

On a similar note, Piraeus-based shipbroker Shiptrade Services mentioned that in the Atlantic basin “we saw fresh cargoes in the market, and few vessels were fixed for short period, a few transatlantic round with coal via USEC, and in the Mediterranean a few round trips with grains ex Bl.Sea. At week’s end, rates for Transatlantic round concluded at USD 15.900 per day, while on the Fronthaul, rates concluded at USD 26.000per day, or close to USD 26.000 + 600.000 ballast bonus basis APS USG. In the Pacific basin Owners were also unwilling to drop their rates as some fresh cargoes ex NOPAC or Australia emerged into the market. Many fixtures were reported at levels of USD 10.000 – 11.500 per day basis N.China delivery for a trip via NOPAC, while rates for trip ex Australia concluded close to USD 12.000 per day” said Shiptrade.

Referring to the Capesize market, Shiptrade stated that Atlantic basin is getting quiet, but Pacific remained active. Rates in the Atlantic started to ease since there was not much of activity. Rates for trips to F.East concluded at USD 55.000 per day, while rates for Transatlantic round concluded close to USD 32.000 per day. Fronthaul market was also quiet but some fixtures concluded around USD 29.50 - 30.50pmt basis Tubarao/ Qingdao.

Pacific basin seemed to be a bit active with Iron ore majors covering about 10 vessels. At week’s end, rates for the Dampier/Qingdao trade concluded around USD12.00 pmt. On TCT basis, rates for Pacific round concluded at USD 31.500 per day basis N.China delivery.

Panamax: Market moved upwards across both basins, as Owners seemed reluctant to reduce their levels and held their position” said Shiptrade.

Meanwhile, Fearnleys mentioned that the Cape market has remained strong in the near term, but sharply dropping off for slightly forward dates. “Spot Pacific vessels have commanded high premiums with an extreme high of USD 17.20 being paid, for West Australia to China, at the end of last week for very tight dates. End December cancelling has demanded USD 14.50, while second half January is being fixed at a much lower USD 11.25. January front haul positions are very tight with few or no ballaster, and recent rumours indicate rates for Brazil/China being paid well over USD 30.00 (perhaps even USD 32.00). The one-year period market has now been done at a new high of USD 18500. Although the curve has moved, the sentiment is still pessimistic and the forward market is discounted heavily” said the shipbroker in its report.

On the Supramax front, Shiptrade said that “rates remained steady accoss both basins. In the Atlantic basin, still USG region still is the best place to be as rates for trip to continent/East Mediterranean remained at USD mid 20’s per day, while for trips to F.East fixtures reported at USD low/mid 30’s per day. Ex Continent, rates for trips to East Mediterranean/ Bl.Sea concluded around USD 18.000 per day. On the Fronthaul trade, rates for trips ex Continent concluded at USD low/mid 20’s per day, while trips ex Bl.Sea via G.O.A concluded at USD mid 20’s per day even though there were not so many cargoes available. Pacific basin saw rates stabilising and some fixtures reported at very good rates, since both Charterers and Owners were looking to cover their vessels/cargoes prior Christmas. Positions in S.China/S.E.Asia interested for Indonesian coal to China were fixed at rates around USD 6-7.000per day. On the other hand, for the N.China positions, there were a few cargoes ex NOPAC, and one or two fixtures reported at USD 7.000per day + 400.000 ballast bonus basis APS” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Thursday, 03 January 13
DRY BULK DEMAND TO KEEP RISING IN 2013, DRY BULK SHIP PRICES TO KEEP FALLING SAYS ANALYST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In a recent report on the future of the shipping markets, DVB bank said that dry bulk demand is expected to keep on growing in the coming years, mai ...


Wednesday, 02 January 13
NEWCASTLE PORT SHIPPED 23.61 PERCENT MORE COAL W-W
COALspot.com - Newcastle port in Australia has loaded 3,533,183 MT of thermal and coking coal for week ended  0700 hours 31 December 2012, Newc ...


Wednesday, 02 January 13
DRY BULK MARKET TO STAY ELEVATED IN START OF 2013 BUT THE NEW YEAR WILL NOT BE WITHOUT TURBULENCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its regular update on the dry bulk market, BIMCO forecasted, that Capesize time-charter rates are expected to stay elevated in the following six ...


Monday, 31 December 12
KOSEP IS LOOKING FOR 280K MT OF 4600 NCV COAL FOR APRIL - JUNE 2013
COALspot.com : South Korean state-owned utility Korea South-East Power Co., Ltd. (KOSEP),  has issued an new tender for prompt supply of 280,00 ...


Monday, 31 December 12
VALE CELEBRATES ARRIVAL OF "VALE SOHAR" BULK CARRIER TO SULTANATE WITH MEMBERS OF COMMUNITY
'Vale Sohar', one of the largest bulk carriers in the world, was welcomed to Oman by members of the North Al Batinah community headed by H.E. Shei ...


   887 888 889 890 891   
Showing 4441 to 4445 news of total 6871
News by Category
Popular News
 
Total Members : 28,700
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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