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, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS


Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for shipments of coal and iron ore slowed.

The index tracking transportation costs on international trade routes today slid 135 points, or 4.6 percent, to 2,772 points, according to the Baltic Exchange. That took its weekly drop to 17 percent, the most since the end of October.

“The Chinese have backed off and it’s starting to show in the number of shipments this month,” Gavin Durrell, a Cape Town-based official at Island View Shipping SA, Africa’s biggest commodities shipping line, said by phone today. “Iron ore and coal seem to be slowing down.”

China’s record coal and iron ore imports in the first half helped the index to advance as much as fivefold this year, reversing some of the record 92 percent collapse in 2008. Demand rose after the country’s government announced a 4 trillion yuan ($586 billion) stimulus package.

Daily rental rates for every class of ship tracked by the bourse declined today, led by a 5.6 percent slump to $20,880 for panamaxes, ships designed to navigate the Panama Canal.

Capesizes, ships most commonly used to haul about 170,000 metric tons of iron ore around South Africa’s Cape of Good Hope or Chile’s Cape Horn, lost 5.2 percent to $45,428 a day. Smaller supramaxes fell 5 percent to $19,242 a day and handysize ships lost 2 percent to $12,051 a day.

Chinese Steelmakers

Rates are declining as Chinese steelmakers delay imports while they negotiate annual iron ore prices with producers such as Rio Tinto Group, BHP Billiton Ltd. and Vale SA, Durrell said. “I don’t think they will come back until they agree,” he said.

The drop reflects a wider slide in demand for raw materials that will likely push prices for metals, commodities and energy lower, Eugen Weinberg, a senior commodity analyst at Commerzbank AG in Frankfurt, said by phone yesterday.

The Baltic Dry Index has slumped 35 percent from this year’s high on June 3. The Standard & Poor’s GSCI Index of 24 commodities has climbed 7 percent over the same period.

Derivatives betting on the Baltic Exchange’s future assessments fell for a third day, indicating the declining spot market is causing traders’ future expectations to deteriorate.

October-to-December forward freight agreements, or FFAs, for capesizes lost 4.7 percent to $36,750 a day, according to prices from Imarex ASA, a broker of the accords. That implies traders expect the market to drop 19 percent by year-end.

Panamax contracts fell 1 percent to $17,625 a day, implying a 16 percent decline.

Source: Bloomberg



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

Recent News

Thursday, 06 August 09
CASES FILED AGAINST ESSAR ALGOMA OVER TERMINATED COAL SHIPMENTS
Steel Guru reported that, It is reported that units of International Coal Group Inc and Arch Coal Inc have filed federal lawsuits in the same court ...


Thursday, 06 August 09
COMPULSORY MINE RECLAMATION PROPOSED FOR A MINING'S LIFETIME
Tambang reported that,  A data from the Forestry Ministry showed that almost 65 percent of mining activities operated under contract of work, c ...


Thursday, 06 August 09
MINING PERMITS FOR THOSE COMMITTED TO SMELTER DEVELOPMENT ONLY
Tambang reported tht, Concrete and tangible endeavors are key to guarantee the attainment of added value from mining sector. The Indonesian Ministry ...


Thursday, 06 August 09
PRESS RELEASE - CZECH COAL CONTESTS THE J&T AND IPO MERGER
Prague, 3 August 2009 - The Czech Coal Group filed today objections to the proposed merger of the J&T Group and International Power Opatovice (I ...


Wednesday, 05 August 09
SMALLER DRY BULK CARRIERS TO FARE BETTER UNTIL THE END OF 2009 - SHIPPING
Marcor Shipping reported that, Smaller ship types are expected to outtake larger ones in dry bulk trade for the period until the end of the year. Th ...


   1306 1307 1308 1309 1310   
Showing 6536 to 6540 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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