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, 05 March 14
LEAVE IT TO CAPES TO CHANGE THE DIRECTION OF THE DRY BULK MARKET - INTERMODAL


Chartering (Wet: Stable- / Dry: Stable+)
Leave it to Capes to change the direction of the Dry Bulk market. The big bulkers managed to drag the BDI higher, while Panamaxes are still struggling with unfavourable dynamics in both basins. The BDI closed today (04/03/2014) at 1,1325 points, up by 49 points compared to yesterday’s levels (23/03/2014) and an increase of 128 points compared to previous Tuesday’s closing (25/02/2014). Rates for VLs lost further ground this past week but firm volumes of activity have prevented the market from noting bigger declines, while the rate for the WAF/USAC voyage almost doubled in TCE terms after hovering around levels close to barely covering OPEX during the past couple of weeks. The BDTI Monday (03/03/2014), was at 717 points, a decrease of 36 points and the BCTI at 627, an increase of 21 points compared to the previous Monday (24/02/2014). 

Sale & Purchase (Wet: Stable+ / Dry: Stable+)
SnP activity has slowed down further this week, with Panamax and Supramax tonnage monopolizing dry bulker sales.  With the freight market moving sideways, it seems that potential buyers might need a bit more convincing before placing their bids. On the tankers side, we had the sale of the “KIM JACOB” (159,211dwt-blt 98, S. Korea), which was reported sold to Greek buyers for a price of US$ 14.5m. On the dry bulker side, we had the sale of the “WHITE HALO” (55,830dwt-blt 12, Japan), which was picked by Greek buyers for a price of US$ 30.0m.

New building (Wet: Stable+ / Dry: Stable+)
With newbuilding prices having quickly risen during the past year and slots being take up fairly swift for 2016 delivery, it looks as though we may have an eager rush for securing part of what appears to be limited shipbuilding capacity. The fears shared by many in the industry continue to be that this might escalate into yet another over exaggerated order book if the freight market doesn’t follow. Saying that, things continued to cool off this week, with the majority of the deals that were reported being exercise options of previously inked orders. It seems that the general market uncertainty, brought about both by the most recent events in Ukraine and by the considerably higher prices of this year compared to 2013, seems to have awakened a more cautious investment approach amongst owners considering placing an order, albeit this trend is most probably temporary. In terms of new orders, Taiwanese owner Sincere Navigation has placed an order for one VLOCs (250,000dwt) in China, for a reported price of $ 64.0m.

Demolition (Wet: Stable- / Dry: Stable-)
Activity on the demolition front has slowed down this past week and it seems that the market has no specific direction as we are watching prices moving both south and north depending on the country where bids are coming from. India is holding on tight to its Queen of Demolition title for yet another week, with average prices quoted still achieving very firm levels for both wet and dry tonnage. Despite the fact that there is a substantial amount of demo candidates in the country, this somehow hasn't weighed down on prices yet and it may well be that cash buyers are not willing to negotiate their vessels at softer prices. At the same time Bangladesh sat on the sidelines as local breakers appeared to be uninterested to follow the competition to further high levels. As Bangladesh remained inactive, Pakistan returned back into action, while Chinese yards were, once more, simple observers to any action taking place, especially after bids coming out of the country lost some further ground as well. Average prices this week for wet tonnage were at around 330-470$/ldt and dry units received about 320-465$/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

Tuesday, 04 March 14
HIGHER PRICES AND STEADY FREIGHT RATES LEAD SHIP OWNERS TO TEMPORARILY HALT SECOND HAND VESSEL PURCHASES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
As the dry bulk market has kept on improving, but at a very slow rate, ship owners have elected to take a step back from the flurry of the S&P m ...


Monday, 03 March 14
SUB-BIT INDONESIA COAL SWAP (FOB) FOR AVERAGE Q115 CLOSED AT $60.28, $ 1.70 HIGHER THAN 2Q14
COALspot.com – Indonesia, the world’s largest exporter of the thermal coal's swaps for delivery April - June 2014 slightly corrected do ...


Monday, 03 March 14
API 8 CFR SOUTH CHINA SWAPS: Q4' 2014 DELIVERY CLOSED US$ 1.40 HIGHER COMPARED TO Q2' 2014 DELIVERY
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.90 percent month on month and closed at US$ 76.27 per mt as on Fr ...


Monday, 03 March 14
COSTS LIABILITY PASSING DOWN A CHARTERPARTY CHAIN - SKULD
KNOWLEDGE TO ELEVATE Provided that charterparties are on back to back terms, and the claim is successful, liability for costs incurred shoul ...


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 ...


   763 764 765 766 767   
Showing 3821 to 3825 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 ...

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