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, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advantage of the improved conditions.

As China slowly is expected to renter the market, with fresh cargo demands, freight rates are expected to rebound even more than today’s levels. Yesterday was one the most positive days in recent weeks for the industry’s benchmark, the Baltic Dry Index (BDI), which rebounded by 4.03% to reach 1,136 points. The Capesize segment was the star of the day, leading gains with a rise of 5.77%, closely followed by the Panamax market, which has been on a high for several days now. Still, smaller Panamaxes can fetch higher earnings than their Capesize bigger “brothers” in a clear indication that the anomalies of the market aren’t yet over.

In its latest report, shipbroker Fearnley’s stated (for the capesize sector) that “for first time in many years, the market has remained inactive during Chinese New Year. As we were approaching the end of the Chinese holidays, there were growing expectations about more activity, seen in the ffa market; Panamax and Capes substantially up. However, with the Chinese back in office, it became clear that they were adding more ships rather than cargoes into the equation. Nevertheless, despite an unknown number of ballasters and ships at anchor around, rates were improving slightly the first day in the year of the rabbit, west Australia round up to usd 6.50 pmt, and Tub/Qingdao excess usd 17 pmt. However, due to the mentioned number of vsls in ballast, there are still some challenges ahead” said the shipbroker.

Regarding the booming of late Panamax market it said: “It was a quiet start to the week on Monday, but this took a turn on Tuesday with more activity in the Panamax market. This turn was much lead by anticipations for Wednesday when the Chinese were back. We saw more cgo in the market on Tuesday but not to the extent that it should give support to a sky rocketing market for the next couple of days. The short/medium period market did however firm up and 17k was done for both 4/6 mos (kmax) and 8/9 mos (LME). This found support in the FFA market where the big grain houses drove the trade upwards lead on anticipations. This again took a turn on Wednesday when the paper market took a beating in the morning, causing several deals to fail. The Tarv´s are getting fixed in the region of usd 13-14k while candidates willing trip from Cont to FEast at low 20´s. Pac rounds firmed up from last week and are now paying around 10k while the backhauls are getting around 4k” said the report.

As for the smaller handy segment “Atlantic is still weak with little fresh enquiry and an accumulation of spot tonnage. Owners are reluctant to send tonnage thru Suez due to uncertainties caused by the Egyptian crisis. USG has been absorbing tonnage (mostly petcoke/ grain) on an APS basis and low 20´s levels for trips to Med/Cont. A 55kdwt was rumoured fixed for 2/4 months at usd 18k dely NCSA redel Atl. ECSA Supras are being fixed in the low teens APS with BB for trips in Atl. The general sentiment is that the market has bottomed out and a small recovery is expected. Outlook: Gradually recovering market. Activity remained quiet this week but expected to increase a bit as Chinese are coming back from holidays. Supra rates improved a little over usd 6k bss N.China dely for Indo-India and Thailand rounds. From WCI, owns asking around usd 17k and ECI to east usd 13k. RBCT rounds around usd 15k bss WCI. Short period Supra rates still around usd 14k. Hmax cargoes from R.Sea to India are fixed around mid 20s on voyage” concluded Fearnley’s.

Meanwhile, dry cargo ship owners with smaller vessels are taking advantage of current spot market conditions, especially when it comes to sugar and grain trades, traditionally handled by supramax and handysize ships. With demand for grains soaring globally has benefited smaller vessel owners, which in turn have responded by switching part of their fleet towards the spot market, in a bid to secure more earnings. This has been the case with Eagle Bulk Shipping, which has placed half of its supramax vessels to the spot market.
Source:
Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...


Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...


Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today. Seven Indian coal  traders have submitted price bid to sup ...


Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...


Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...


   1066 1067 1068 1069 1070   
Showing 5336 to 5340 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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