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
Wednesday, 18 September 13
DRY BULK MARKET CONTINUED TO ADVANCE - INTERMODAL


Chartering (Wet: Stable- / Dry: Firm+ )
The Dry Bulk market continued to advance at a very fast pace, with the BDI closing off the week north of 1,700 points. It will take a longer period to understand how strong the legs to this latest rally are but the waves of optimism that have washed the market are undoubtedly high and more than welcome.

The BDI closed today (17/09/2013) at 1,740 points, up by 89 points compared to Monday’s levels (16/09/2013) and an increase of 199 points compared to the previous Tuesday’s levels (10/09/2013). Amidst US cooling off a bit on Syria talks and the UN pointing the headlight to Libya, the crude oil carrier market has moved sideways this week with VLs finding their footing on Westbound demand.

The BDTI Monday (16/09/2013), was at 582 points, a decrease of 5 points and the BCTI at 558, an decrease of 19 points compared to the previous Monday’s levels (09/09/2013).

Sale & Purchase (Wet: Stable+  / Dry: Stable+ )
A big part of those deals that were being negotiated towards the end of August came through this past week, boosting significantly the volume of SnP activity. As we head towards the last quarter of the year we expect even more action to take place especially on the Dry side where freight rates have started improving significantly.

On the tankers side, we had the sale of the “STAVANGER BELL” (105,309dwt-blt 10 , Japan), which was picked up by Greek buyers, for a price of US$ 31.0m. On the dry bulker side, we had the sale of the “CHRISMIR” (159,829dwt-blt 97 S. Korea), which was picked up by Greek buyers for a price of $ 13.5m.

Newbuilding (Wet: Stable+  / Dry: Stable+ )
The newbuilding market witnessed increased activity this past week with a high number of reported deals in both the wet and the dry sector coming to light. While further MR orders have concluded, the Ultramax segment wasn't shy of orders this week either and we cannot but stop thinking that the last quarter of the year will be even more active as far as new orders are concerned.

The recent rally in freight rate in the Dry Bulk market will surely inspire more owners to go after new tonnage as it happened back in 2010. The key difference this time is that newbuilding prices are nowhere close to what they were back then, so even if market recovery delays a bit longer, the financing of a new vessel should not prove to be lethally expensive as it did last time round.

In terms of concluded deals, Hong Kong based Parakou Shipping, was reported returning to China to exercise two options (64,000dwt) at CSSC Chengxi, at a price of US$ 25.5m each and with delivery set for 2015.

Demolition (Wet: Firm+  / Dry: Firm+ )
With the Indian Rupee appreciating further this week against the US Dollar there was finally some substantial optimism in the demolition market, which was evident both in the volume of deals that took place as well as the prices these were concluded at. With the exception of Bangladesh, where breaking activity was pretty much non-existent, the rest of the Indian sub-Continent nations got back into action.

As far as volume is concerned, breaking yards in China had the lion’s share for yet another week, with a series of demo deals agreed at levels quite impressive for the local market. With the volatility witnessed in the rest of the market and the continuous price strengthening in China, the country should hold its position as the “safest” choice for owners thinking to scrap their vessels and they wish to avoid cash buyers for the moment.

Average prices this week for wet tonnage were at around 370-395$/ldt and dry units received about 360-370$/ldt.

Compiled by:
Intermodal Research & Valuations |
research@intermodal.gr

Analysts:
Mr. George Lazaridis |
g.lazaridis@intermodal.gr
Ms. Eva Tzima |
e.tzima@intermodal.gr 

Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various  sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.

Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.



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

Recent News

Monday, 07 October 13
SGX - CFR SOUTH CHINA COAL SWAPS END ALMOST FLAT
COALspot.com : SGX has launched API 8 CFR South China Coal Swap on 29 April 2013 and SGX replaced the previous swap. API 8 CFR South China Coal s ...


Monday, 07 October 13
Q3'14 SUB-BIT FOB INDONESIA COAL SWAP CLOSED 6.53% HIGHER THAN Q4'13
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery gained 0.53 % on day and fell 2.33 percept  month on month ...


Sunday, 06 October 13
DRY BULK FREIGHT MARKET STAYS STEADY IN SPITE CHINESE HOLIDAYS - SOLYM CARRIERS SINGAPORE
COALspot.com: The freight market continued to remain firm in spite of Chinese holidays. The BDI closed at 2,084 points on Friday 4 October or up ...


Saturday, 05 October 13
CAPESIZE EARNINGS SKYROCKET AS A RESULT OF INCREASED CHINA DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
An increased iron ore demand has triggered this latest dry bulk rally, which could get yet another boost during next week, when China is expected to ...


Friday, 04 October 13
NICKEL ORE SHIPMENTS - LESSONS LEARNED FROM LOSSES
One of the most pressing problems for the bulk shipping industry is the safe carriage of nickel ore. The increasing demand for this commodity is fue ...


   815 816 817 818 819   
Showing 4081 to 4085 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 ...

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