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
Saturday, 10 August 13
DEMOLITION ACTIVITY TO BE CRUCIAL AGAIN IN PROVIDING SUPPORT TO THE DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS


We appear to have forgotten demolition activity this year, with the Baltic Dry Index gaining traction in the latter part of the second half and emerging from the doldrums. Still, newbuilding deliveries are piling up as we approach the year's final stretch, while things aren't looking all that rosy when one takes a look at the orderbook build up in the next couple of years, especially after this year's frantic ordering activity, especially in the dry bulk segment. It seems that most ship owners are prepared to pay the price of a two-year weak market rates during the early stages of their newbuildings' lives and break-even or even profit afterwards. The reason being that this time around, orders are made at much more reasonable prices when compared to the 2007-2008 excess.

According to the latest weekly reports from shipbrokers like Golden Destiny, in the ever so important ship scrapping markets, "benchmark scrap price levels in Indian subcontinent region seem hard to surpass the barrier of $400/ldt for dry cargo since the end of May, while they fell further during the last days of July by loosing $10/ldt. Indications for scrap rates in Indian subcontinent region are now $375/ldt for dry and $410/ldt for wet cargo. In China, there has been a soft rise of $5-$10/ldt with rates now at $325/ldt for dry and $340/ldt for wet cargo.

India remains weak with sources suggesting that Alang, for the first seven months of the year, has not even reported half of the number of ships which were beached last year. The stability of Indian Rupee to USD and local steel demand for infrastructure and real estate are the basic fundamentals lying behind the rebound of scrap rates. After government’s intervention, there are hopes for not further depreciation in Indian rupee. Ramadan period is also an important factor for the current soft price momentum, while yards at Pakistan seem full of capacity and Bangladesh is still facing delays in beaching and opening of letters of credit from breakers for delivery of the ship", the Piraeus-based shipbroker said.

In total there were 17 ships reportedly sold for scrap over the course the past week, sporting a total deadweight tonnage of 1,311,419 tons. Five of those ships were dry bulkers, seven were tankers, one was a gas tanker, a couple of them were liners, one was a container and one a Ro-Ro. Demolition activity was down 19% week-on-week, but it was up by 33% in the tanker segment. The main reason for the fall in activity was a 44% decrease of dry bulk carriers' demolition deals. "The largest activity is recorded in the tanker segments by holding 41% share against 29% share from bulk carriers. In terms of deadweight sent for scrap, there has been 7% weekly increase with 3 VLCC tankers sent for disposal, 1 aframax tanker, 1 panamax tanker and 1 panamax bulker. India is reportedly to have won 7 of the 17 demolition transactions, Bangladesh 4, Pakistan 4, China 1 and 1 demolition transaction are reported at no revealed destination. Benchmark scrap prices in the Indian subcontinent region: $375/ldt for dry and $410/ldt for wet cargo. Scrap prices in China hover at $325/ldt ldt for dry and $340/ldt for wet cargo. Notable demolition transactions: LNG Barge FORMENTERA with 2,154ldt achieved in India an impressive price of $510/ldt due to high quantity of non ferrous on board including 386tons of solid aluminum tanks.

At a similar week in 2012, demolition activity was down by 59%, in terms of the reported number of transactions, when 7 vessels had been reported for scrap of total deadweight 366,304 tons with 3 disposals for bulkers, 2 tankers and 2 Ro-Ro. Ship-breakers in Indian subcontinent region had been offering $375-$385/ldt for dry and $400-$410/ldt for wet cargo", Golden Destiny said.

Meanwhile, in a separate report, shipbroker Intermodal noted that "with difficulties still witnessed in much of the Indian Sub-Continent it has been no surprise that demo candidates were receiving ever softer prices from breakers in the region. With steel demand softening further in the region and pressure still mounting from the ever insatiable climb of the Indian Rupee, cash buyers had little choice left but to back down from any impulsive purchases and wait out the “storm” looking for when the market would find its new norm. As it seems, Chinese scrap buyers were more then eager to take up this opportunity to cover the gap, anting up their offers in the hope to attract some of the more high spec dry bulk candidates out there. Prices overall weakened this week, with wet tonnage going for around 340-410$/ldt and dry units seeing levels of about 325-380$/ldt", it concluded.
Source:
Nikos Roussanoglou, Hellenic Shipping News



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

Recent News

Thursday, 25 July 13
CAPESIZE : PACIFIC AND ATLANTIC RATES ARE HOLDING STEADY - FEARNLEYS AS
Handy The Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapor ...


Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this r ...


Tuesday, 23 July 13
NEWCASTLE'S COAL EXPORTS CLIMB 17.82% ON WEEK, PORT'S DATA SHOWS
COALspot.com: Newcastle port in Australia has loaded 3,369,865 tons of coal for the week ended  0700 hours 22 July 2013, Newcastle Port Corp. s ...


Monday, 22 July 13
DRY BULK MARKET DIFFICULT TO MAINTAIN POSITIVE DRIVE CLAIMS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus brin ...


Monday, 22 July 13
INDO COAL SWAP FOR AUGUST 13 DELIVERY GAINED ON WEEK BUT LOST ON DAY AND MONTH
COALspot.com –  Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 delivery slightly up on week but fell on day and month on Fri ...


   838 839 840 841 842   
Showing 4196 to 4200 news of total 6871
News by Category
Popular News
 
Total Members : 28,692
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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