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, 27 April 11
DRY BULK MARKET LACKS ACTIVITY, RATES KEEP RETREATING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


With the Easter Holidays for a large of the world now behind, the dry bulk market kept lacking activity on Tuesday, which led the Baltic Dry Index (BDI) further down to 1,250 points, 0.32% lower than the previous session. The Panamax segment once again suffered the bulk of the losses, while the Capesize market was marginally higher by 0.39% to 1,546 points.

In its weekly report, shipbroker Barry Rogliano Salles said that the Capesize market was relatively inactive last week, partly due to the Easter holidays which triggered a lull in the market. “The levels remained grossly flat at the weak level of about US$6/7000/day on average. Partly due to chtrs holding back nominations under their COA’s until the end of the quarter, a severe lack of cargo was felt, particularly for loading in the Atlantic, which meant that owners had to lower their rates to obtain the rare business around, and a TARV was worth a very low US$4/5,000/day while Fronthaul business gave returns in the high teens.

A more regular amount of activity in the Pacific enabled the rates to sustain themselves unusually higher than in the Atlantic, standing at around US$6-7,000/day. Backhaul cargoes were still extremely scarce and continued to pay a negative return of about minus US$7,000/day. Ships in the PG could obtain mid teens return for a trip via India to china. On the period front, short period deals are now worth in the low teens dely China redly ww, depending mainly on eco consumptions as in these market conditions of rock bottom TC rates and very healthy bunker levels the vast majority of the cape fleet is slow steaming. This week started quietly and we will need to see a fresh income of Atlantic cargoes to make the market move” said the report.

Regarding the Panamax market, BRS noted that during the course of the past, the Baltic Panamax Index eased by $1,000 in all basins which represent a significant loss of around 10%. The Pacific rounds were fixed at mid US$8,000/day and the TA round at just below US$11,000/day. The main reason of this trend was the lack of cargoes worldwide and the good number of spot vessel looking for business. The Period activity was the most impacted market as it tumbled and lost US$2,500/day opening the week at US$14,500/day and closing it US$12,000/12,500/day for nice TES 74 dwt.

As for the Supramax/Handy segments, “ast week we had a slow activity on the market due to the Easter holidays break, the Supramax market has been slowly sliding down in all areas. During this Easter mood, the BSI lost only 13 points to reach on average of the TC routes of US$14,645 at the end of the week. Out of the USG owners were fixing their Supras around US$23,000 daily for redelivery Skaw/Passero whereas redelivery Singapore/Japan was fixed in the low US$30,000. The Black Sea/Med area was not improving, most of the ships were ballasting out, the lucky ones fixing clinker or steels. A large supra was fixed at US$7,000 delivery Black Sea/redel USG. The Supramax market in the Pacific has been on a downfall since last week. Owners were trying to resist as feel market will bounce back this week due to more iron ore, nickel ore cargoes coming out but charterers pulling rates further down.

WCI India iron ore stems have increased as miners are trying to move as much as possible before the monsoons start. A few Indo coal stems, which were usually covered on COAs have been seen on the spot market. The Index for the pacific round ended in the 14k-15k levels. Modern Supramaxes are getting interest for short periods in the mid teens” concluded the shipbroker.

Meanwhile, in a separate report, Commodore Research & Consultancy focused on China developments, noting that 11 vessels were chartered to export thermal coal to China last week, 8 more than the week before that. “Domestic thermal coal prices remain relatively low compared with international coal prices but the overall price differential is slowly increasing. Australian coal cargoes remain unattractive, however, as freight costs exceed the difference between Datong and Newcastle prices. The differential between Datong and Newcastle FOB prices has increased to $7.50; last week the differential was $6 (the price of Datong coal has held steady at $129/ton; the FOB price of Newcastle coal has declined to $121.50/ton). The cost of freight to ship Australian coal to China currently stands at roughly $12/ton, well above the $7.50 price differential.

Chinese iron ore production has increased significantly on a month-on-month and year-on-year basis. Approximately 94.4 million tons of iron ore was produced in March, an increase of 21.9mt (30%) from 72.5mt produced in February and 14.7mt (18%) more than the 79.7mt produced in March 2010. Compared to the first three months of 2010, Chinese iron ore production has increased this year by 36.6mt (18%). Domestic iron ore production has remained at high levels due to lucrative prices. Production is expected to remain firm while prices stay high. Although iron ore imports will continue to be negatively affected by robust domestic production, imports have been able to remain at firm levels as demand has stayed robust” concluded the US-based consultancy.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Tuesday, 26 April 11
NTPC CALLS TENDER FOR 4 MLN TON OF NON-COKING COAL
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, is the largest thermal power gener ...


Monday, 25 April 11
THE FUTURES FOR THREE YEARS WAS AT AROUND PANAMAX/US$ 14,000 PER DAY & SUPRAMAX/US$ 14,000 PER DAY - VISTAAR
COALspot.com - The freight market continued to soften further with all segments down except for the handy size which was marginally up by 10 points. ...


Saturday, 23 April 11
GUPTA COAL TO BAG ONE MILLION TONS OF COAL SUPPLY ORDER FROM KPCL AT AROUND US$ 127.53 PMT
COALspot.com - Karnataka Power Corporation (KPCL), a state utility of Karnataka, India has secured its one million tons of thermal coal with  c ...


Saturday, 23 April 11
STRAITS ASIA SETS 11.5 MIO TONS OUTPUT - INSIDER STORIES
Insider Stories reported that, Singapore-listed Straits Asia Resources Limited plans to jack up its coal output target of 8.5% to 11.5 million tons ...


Friday, 22 April 11
DRY BULK MARKET KEEPS FALLING, NOW AT TWO-MONTH LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems unable at the moment to recover from the weight of newbuilding deliveries, resulting in too many ships competing for fewer ...


   1057 1058 1059 1060 1061   
Showing 5291 to 5295 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 ...

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