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, 24 October 13
SHIP PRICES ARE INCREASING ON THE BACK OF IMPROVED MARKET SENTIMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS


The dry bulk market has kept on retreating from its recent highs, ending yesterday at 1,786 points, down 61 points on the day, with Capesizes leading the decline. Still, according to shipbrokers, market sentiment remains positive, despite the fact that the average Capesize earnings have declined from their recent peaks of $42,000/day, down to $28,000/day. According to the latest weekly report from shipbroker Intermodal, "in addition to the strong Capesize market, which found support from the recent Chinese restocking and strong demand for iron ore, chartering activity for the other segments has also improved and is surging on the back of increased shipments of grains from the US Gulf and the Black Sea.

According to Mr. Yannis Olziersky, SnP Broker, "the dry bulk market, it seems, is witnessing a U-turn in fate; bullishness, although restrained, has return to many market players since to them it appears as if the worst phase is now behind us and the market is expected to advance at a faster pace compared to that of last year. This restrained optimism has had its impact on second hand sales as well as on the new building market, as a significant number of vessels are changing hands at prices well above last done deals and sometimes well above Sellers’ ideas, due to the fact that competition between Buyers, in an effort to secure tonnage, is driving values well above recent levels" he noted.

The same story is taking place in the new building market, where slots at good shipyards are now scarce and offered prices have surged and are about 10-15pct higher compared to orders that were placed during 1H of 2013.

"What will happen next? Are we on a firm recovery track or were the latest positive developments in freight rates based only on a typical seasonal spike? Having foresight in a volatile industry like shipping, which is highly dependent on so many different parameters, is difficult and dangerous to do. On the other hand there are some irrefutable facts which cannot be overlooked. Seaborne commodities have increased about 6pct compared to last year; fleet growth increased about 5.8pct (year to date), which is the lowest we have seen during the last couple of years. Taking also into consideration that the world economy is on a recovery phase and that the global GDP is projected to increase at a higher rate compared to previous years it is expected that dry bulk commodities will keep trading at higher volumes compared to 2013", Olziersky mentions.

He added that "at the same time it is expected that today’s rates will face a correction once Chinese iron ore inventories are replenished and the strong grain season comes to an end. There is no doubt that the market does not have the ability to grow at the same pace we experienced the past couple of months since the overcapacity issue is still there and uncertainty over the global economy remains despite better forecasts.

However, what is more important to note is that dry bulk fundamentals are expected to improve and as a result the average earnings for the years ahead look to be better compared to previous ones. Hence, taking a long term perspective and in the event that the global economy will remain firm on its recovery path, the demolition market keeps active and the new building ordering will hold near its current pace (i.e. at a more moderate pace compared with booming years), we see substantial signs to be optimistic and expect to have an overall upside in freight rates over the coming years", Olziersky concluded.

Commenting on the new building market this week, Intermodal said that "activity on the new building front is keeping its pace, with the majority of the deals coming to light this past week being for dry tonnage. Although we are trying to be as realistic as possible regarding this recent boost in new building prices for dry bulkers, the truth is that most of the contracts that are being inked lately, are steadily done on firmer and firmer prices, creating a higher market average for almost all sizes in the sector. Some of the most recently reported orders for Capes are displaying a clear trend that we should be soon moving into the mid $ 50s million territory for the segment, having us think that from that level the figure could easily jump to the $ 60.0m area, especially for earlier slots should demand continue to be strong and the freight market improve further in the next twelve months. In terms of new orders, Greek owner Alpha Tankers & Freighters, was reported placing an order of four firm Capesize vessels (180,000dwt) at Hyundai Mipo, in S. Korea, for a price of $ 56.5m each and with delivery set between 2015 and 2016".
Source: Nikos Roussanoglou, Hellenic Shipping News



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

Recent News

Friday, 25 October 13
U.S. YEAR-TO-DATE COAL PRODUCTION REACHED TOTALLED 803.1 MMST
COALspot.com – United States the world’s second largest coal producer produced approximately 19.10 million short tons (mmst) of coal in ...


Thursday, 24 October 13
PANAMAX: RATES SLIP ACROSS BOTH HEMISPHERES
Handy We were back from holidays but still not much enquiries in the market. Overall future direction is uncertain. Currently, ships passing Singap ...


Wednesday, 23 October 13
DRY BULK MARKET HAS SHOWN SIGNS OF STABILITY - INTERMODAL
Chartering (Wet: Stable+ / Dry: Stable-) The Dry Bulk market has shown signs of stability this past week, with the sole exception of Capes, rates f ...


Wednesday, 23 October 13
MARKET SENTIMENT IN THE DRY BULK SECTOR REMAINS POSITIVE - YANNIS OLZIERSKY
Market sentiment in the dry bulk sector remains positive despite the latest correction in freight rates for the Capesize sector, which are sliding f ...


Tuesday, 22 October 13
NEWCASTLE PORT SERVED 38 OCEAN GOING VESSELS IN A WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 0.64 per cent week on week to 3.21 million mt for ...


   808 809 810 811 812   
Showing 4046 to 4050 news of total 6871
News by Category
Popular News
 
Total Members : 28,691
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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