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 ...

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