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
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG shipping companies. The S&P 500 (SPX) index, representing U.S. stocks, also experienced a loss of 0.16%. You can find both indices in the image below.
 
The UPI is on the rise and has broken through the second-to-last resistance line formed in February of this year. Now, it is the third attempt to break the highest border, but previous attempts did not look as promising and did not reach such high levels. The success of the UPI is mainly due to the strong performance of Asian companies. While European and American shares mostly declined or hovered around zero, Asian companies were growing very strongly.
 
NYK Line (TSE: 9101) grew the most, with a 6.1% increase that surpassed the highs from the beginning of this year. The second most profitable company was the sole American representative, Golar LNG (NASDAQ: GLNG), which grew by 5.2% and once again broke out of the previous first support ledge. However, the change in the uptrend is still far away because, from the current price of $23.77, there are over six dollars left to the upper limit of the bracket.
 
Korean SM KLC (KRX: 005880) added exactly five percent – a significant increase after a long decline. This growth led to a close touch of the bottom of the range, from which the stock fell out in late August. Meanwhile, Japanese company M.O.L. (TSE: 9104) has continued to rise since breaking its previous highs in August, adding another 4.2% last week.
 
Last but not least, Qatar’s Nakilat (QSE: QGTS) contributed to the growth of UPI by adding 3.2% to its shares. But even this company still has a long way to go to overcome the previous highs.
Although the last Japanese representative of the “K” line (TSE: 9107) added just under two percent, it is also very close to the historical highs of 2007. Finally, we will mention one representative of European-American companies. It is Shell (NYSE: SHEL), which rose by 2.3% and confirmed a breakthrough above this year’s resistance.
 
Of the companies that lost value, we will only mention Flex LNG (NYSE / OSE: FLEX), which lost 2.4% and closed below $30, just on the lowest part of the support area. So even this company can rise, especially with the high contract coverage.
To sum up, the growth of UPI is primarily driven by Asian stocks, particularly Japanese stocks. This week, the Qatari representative joined the growth, which is the largest company in our index. Most of the other companies are in a support area from where they can grow due to the upcoming winter season.
 
UP World LNG Shipping Index, established in 2020, is a rules-based stock index family designed to show and measure the performance of worldwide publicly traded companies involved in the maritime transport of liquefied natural gas (LNG).
This unique index covers 18 companies and partnerships worldwide, like the USA, Qatar, Japan, Norway, South Korea, and Malaysia. The index covers over 65% of the world’s LNG carrier fleet. UP Index is a premium service.
We offer freemium (the basic chart of the UP Index and S&P 500 index) and trial access to all charts.
Source: UP-Indices.com


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

Recent News

Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...


Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...


Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...


Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...


Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...


   11 12 13 14 15   
Showing 61 to 65 news of total 6871
News by Category
Popular News
 
Total Members : 28,628
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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