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

Friday, 08 June 12
MINISTER DENIES COAL EXPORT TAX PLAN, ENDORSES RESTRICTIONS - THE JAKARTA POST
The Jakarta post, one of the leading english news paper in Indonesia reported that, Energy and Mineral Resources Minister Jero Wacik has denied that ...


Friday, 08 June 12
NO IMMEDIATE IMPACT ON ADARO'S RATING FROM BEP TRANSACTION - FITCH RATINGS
Fitch Ratings has said that PT Adaro Indonesia's (Adaro, 'BB+'/ Stable) ratings are not immediately affected by its parent PT Adaro Energy Tbk's ...


Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market ...


Thursday, 07 June 12
COAL EXPORT TAX NOT RATIONAL: MINISTER - THE JAKARTA POST
Trade Minister Gita Wirjawan has criticized as irrational the idea to restrict coal exports by imposing an export tax, According to The Jakarta post ...


Thursday, 07 June 12
BY 2022 PLN IS EXPECTED TO BURN AROUND 125 MILLION TONS OF COAL
COALspot.com - Indonesia's state owned electricity company's (PLN) coal consumption is expected to reach 125.7 million tons by 2012. Nur Pamudj ...


   939 940 941 942 943   
Showing 4701 to 4705 news of total 6871
News by Category
Popular News
 
Total Members : 28,699
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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