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, 17 October 14
DRY BULK SHIPPING'S OUTLOOK NOW SHIFTING TO A LESS PROMISING ONE, SHIP PRICES EXPECTED TO FOLLOW SOON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING

China’s and other Asian countries’ return to the dry bulk market last week, didn’t trigger the hoped support towards the dry bulk market. Instead, the Baltic Dry Index retreated below the 1,000 point mark, a psychological barrier of the past couple of years. Similarly, dry bulk ship prices keep dropping, expectations look dimmer by the day and new building prices are probably the only indicator in the sector still displaying some sort of resistance refusing to adjust accordingly to this new reality, shipbroker Intermodal noted in its latest weekly report.

According to Panos Makrinos, Intermodal’s SnP Broker, “in addition to the current order book, Vale seems to have finally cracked the “code” for entering its gigantic ships to the Chinese shores and the fate of coal exports to China are currently a big question mark following the new standards set by the government there. Optimism for a stronger Q4 has given its way to panic about next year’s outlook and in many cases it feels like we are once again being overrun by sentiment. What’s there to look forward to?”, he wondered.

The broker noted that “sale and purchase activity has been at healthy levels and -despite the large number of candidates- the market has remained highly liquid with a wide range of buyers for all sizes and age groups. Demo prices are very strong and activity is finally picking up to reflect the rising need for tonnage exiting the market. Prices for prompt re-sales are in par with newbuilding prices after a long time and vessels being delivered now have little or zero differences from the designs that yards are marketing for construction. These facts along with the rising finance gap that has been widening throughout the year as private equity started to distance itself from shipping, should provide enough disincentives for new orders going forward. Isn’t this the perfect storm that counter-cyclical investors are looking for?”, Makrinos asked.

Meanwhile, he added that “on the other side of the fence, tankers are displaying a much rosier picture. The M/T Ariadni (166,000dwt – blt 2009) is being reported sold for a very solid USD 56.5m and analysts are becoming increasingly optimistic about the outlook of the crude market, commenting on the low order book and rising demand for higher ton-mile cargo movements. Sale and purchase activity is steadily rising and asset values across all sizes are beating last done values every time. The New building market is also experiencing this euphoria with prices picking up at least 5% within weeks, completing an image very different to the one during the first quarter of the year”, he stated.

Concluding his analysis, Makrinos wondered “what has changed? Are we going to shoot ourselves in the foot once again? Hopefully market pundits will understand that this long-awaited improvement has been achieved due to the entire sector patiently and painfully working towards a healthier equilibrium and we will avoid making the “recent” mistakes of other sectors”, he concluded.

Meanwhile, over the course of the past week, “the new building market witnessed increased activity for a second week in a row, while the newly found love for the tanker sector seems to be what is mainly supporting the increased volume of orders, as the interest in the dry bulker side is currently limited to big operators. The changes in asset prices are also evident of this trend, with the average price of Suezmaxes ticking further up and that of Capes touching $55.0m, a level last witnessed around the begging of the year. Should the performance of freight rates in the crude carriers market in the next couple of months improves further or even stabilizes around the current levels, it is more than possible that it will pushed the price of the VL back above $100.0m or much higher, given the strong resistance it displayed during the past couple of months when the freight market received a lot of downward pressure. In terms of recently reported deals, Thenamaris has placed an order for 4 LR2 (115,000dwt) at Sungdong, in S. Korea, for a price of US $ 56.0m each and with delivery set for 2017″, Intermodal said.
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, 19 October 14
LOW DEMAND PUSHES DOWN COAL FREIGHT RATES; VOLATILITY CONTINUES
COALspot.com: This week all the segments softened including BDI except for Panamax index. The BDI was down by1.70 pct and clsoed at 944 points ...


Friday, 17 October 14
INTERNATIONAL COAL PRICES ARE AT LOWEST LEVEL; COAL STOCKS AT INDIAN POWER PLANTS ARE ALSO AT LOWEST LEVEL
International coal prices as well as coal freights are falling and reaching to its lowest levels. According to PTI, fuel stockpiles at the thermal ...


Friday, 17 October 14
U.S. COAL PRODUCTION UP BY 3.6% WEEK - ON - WEEK
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.20 million short tons (mmst) of coal in ...


Thursday, 16 October 14
KOREA MIDLAND POWER TO BUY 490K MT OF LCV COAL FOR 1Q 2015
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 490,000 Metric Tons (MT) of LCV (Sub) Bitumino ...


Thursday, 16 October 14
PANAMAX OWNERS RECEIVE A PREMIUM FOR GOING TO INDIA VIA INDONESIA - FEARNLEYS AS
Handy The Handy/Supra market continues to slide in both hemispheres, said Fearnleys AS in its latest week report. In the Atlantic we see rates co ...


   683 684 685 686 687   
Showing 3421 to 3425 news of total 6871
News by Category
Popular News
 
Total Members : 28,635
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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