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
Friday, 28 February 14
DRY BULK MARKET SLOWLY BUT STEADILY FINDS ITS FOOTING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


The dry bulk market, hit by the low seasonal demand which is a typical characteristic of the first quarter of each year, is beginning to emerge from the shadows as of late. During the past few days, the market's benchmark, the Baltic Dry Index (BDI) has been on a slow, yet steady rise, ending yesterday's session, once again on the upside, reaching 1,250 points. Capesizes were the dominant force yesterday, with the respective Baltic Capesize Index gaining 137 points on the day to reach 2,049 points. Panamaxes were still suffering, while the other two smaller segments, i.e. the Supramax and Handysize ones, were steady on the day.

In an announcement issued yesterday on the occasion of its 2013 results, dry bulk ship owner Pacific Basin, noted that the cyclical upturn of the dry bulk market has started. According to Mr. Mats Berglund, CEO of Pacific Basin, “dry bulk shipping in the first half of 2013 experienced its weakest market conditions since 1986, while an improved second half demonstrated encouraging early signs of a cyclical upturn with increased rate volatility".

In a separate weekly report, shipbroker Fearnleys, commented on the Capesize market that "Cape paper continues to be aggressively bought and it appears the physical has been ´kickstarted´. Some gains on the West Australia/China and Tub/China route have been witnessed in the last few days (fixing slightly north of 9 PMT and 21 PMT respectively at the time of writing). The steep contango to spot continues to widen. Q3 FFA contracts have soared up to USD 26, 250 while the rear end of the curve has also pushed up with Cal 15 trading at nearly USD 24k. The market is pricing in increased iron ore supply from West Australia set for Q2, and if this displaces domestic Chinese production, it will create a very favourable environment for Capes. We are already witnessing the iron ore price declining to its current level USD 116 PMT (62% CFR Tianjin). Period rates are reflecting the paper, and USD 25, 500 is being bid on good units for period of 2 years now", the shipbroker said.

It added that "the Panamax market has continued to decline in the Atlantic. Some owners are willing to take the lower levels whereas others are holding back and waiting for a better tomorrow. T/A rounds are now being fixed at levels around 6-7k depending on the trade on T/C, whereas voyage rates are easily 50% less. Ships able to breach INL are in for a small premium. In the Eastern hemisphere the week started off positive, via a wait and see mode to gradually become weaker. Pacific rounds are being fixed in region of USD 11-12k for NOPAC, less for Indo/India. With a huge number of ships in ballast for ECSA grain business, the recent upward trend has changed to a negative. 15+500 APS is the going number / 39 pmt. The gap between spot and period market is still significant. A Kamsarmax was reported fixed for one year at USD 15,500 bss Spore delivery, another 14200+425 GBB bss Cape Town whereas good Panamaxes should be able to get high 13´s for same. Expectations for ECSA grains are still alive", Fearnleys said.

Finally, on the Handy markets, the shipbroker said that "the Atlantic handy/supra market experienced a downward trend this week but not a dramatic one. TA rates are down around USD 800 w-o-w lead by less activity and fewer fresh cargoes to be fixed. In the Pacific however we see rates coming up a bit. Coal cargoes for early March dates have been covered and prompt ships open in Singapore area are able to achieve a good 14k for Indo coal rounds. NoPac rounds are being fixed at around USD 10k for ships with good specs and the activity for short periods are again back in the market. Owners are asking 13k for short periods bss Feast delivery while some chrts are holding a bit back before willing to come close to those levels".

Meanwhile, on the demolition front, where things have slowed down considerably as a result of improved market sentiment, shipbroker Intermodal noted that the market "is still reigned by Indian breakers, who currently appear to have ousted the rest of the competition from the race of securing demo candidates. As a matter of fact, with the exception of a couple of vessels, the rest of the deals reported this past week appear to have ended up in Indian hands. Breakers in the country have been enjoying the stability of the local currency, which posted its biggest winning streak against the US Dollar in the past couple of months after strengthening for three days in a row to this morning. At the time domestic steel mills have been preparing for another price hike, fact which offers further assertion to breakers operating in the country that their bids have been moving towards the right direction. While Bangladesh has managed to keep its prices stable, China and Pakistan appear to have no intention to compete at these high levels, with the former allowing for the gap  between themselves and India to climb to over 120 $/ldt. Average prices this week for wet tonnage were at around 340-470$/ldt and dry units received about 330-460$/ldt.
Source: Nikos Roussanoglou, Hellenic Shipping News



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

Recent News

Sunday, 02 March 14
THE FREIGHT MARKET WAS STEADY TO FIRM THIS PAST WEEK - CAPT. REDDY
COALspot.com: The freight market was steady to firm this past week. The BDI was up 7.06 pct and closed at 1258 points and the cape index was also fi ...


Friday, 28 February 14
PTBA TO INCREASE ITS COAL TERMINAL'S LOADING CAPACITY TO 25 MILLION TONS PER ANNUM BY JULY 2014
COALspot.com: PT. Bukit Asam (PTBA), the Indonesian government owned coal miner operates several coal mining units in Sumatera as well as in Kaliman ...


Friday, 28 February 14
U.S PRODUCED 1.9% LESS COAL WEEK ON WEEK
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...


Thursday, 27 February 14
PANAMAX : MARKET CONTINUED TO DECLINE IN THE ATLANTIC
Handy The Atlantic handy/supra market experienced a downward trend this week but not a dramatic one. TA rates are down around USD 800 w-o-w lead b ...


Thursday, 27 February 14
SHIPPING LOANS WORTH $5 BILLION HAVE CHANGED HANDS OVER THE PAST YEAR, AS FUNDS INVEST IN SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Funds investing in shipping has been the "talk of the town" over the past couple of years, as institutional investors, private equity and ...


   764 765 766 767 768   
Showing 3826 to 3830 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 ...

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