We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 28 April 11
BALTIC DRY INDEX NUDGES UP AFTER DAYS OF LOSSES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 After consecutive falls, the dry bulk freight market, as followed through the Baltic Dry Index, finally caught a breather yesterday, with the BDI managing to post small gains of 0.72% to reach 1,259 points. While, these levels are among the lowest this year and by far the lowest since the start of 2009, demand seems to be picking up recently, especially for thermal coal cargoes. As a result, the Panamax market, which had been severely suffering lately, finally managed to get up to speed and post increases of 2.05% on a daily basis, with the relative Baltic Panamax Index (BPI) reaching 1,392 points. On a similar note, the Capesize market ended on positive territory yesterday, reaching 1,566 points, up by 1.29%. Still, average earnings for the heavily oversupplied Capesize segment of the market, remain below break-even levels and well below this year’s forecasts by leading investment and shipbroker firms.
According to the latest weekly report from shipbroker Fearnley’s, as expected the end of last week was quiet for the Capesize sector, due to the Easter Holidays. “This working week started flat, but a flurry of activity on the Pacific drove the rates back up to the upper usd 7.00 mark for West Australia/China. Activity on front haul has been limited but a fixture has been reported at a usd 19.80 for Brazil/China which is a welcome rise on this route. Period has been dominated by owners re-fixing vessels prematurely redelivered off long Charters, thus pushing the level for 12 months down to usd 12k´s. Longer term charters have been concluded on 206kdwt vessels at usd 20k for 5 years. The Atlantic market remains very quiet despite low coal stocks on the Continent. The index has remained largely flat but with a slight positive trend” said Fearnley’s.
Commenting on the Panamax market it mentioned that it has been oversupplied with tonnage, both in the Atlantic and the Pacific lately, although activity picked up towards end of last week and cleared out some of the tonnage overhang. “The market remained nervous early this week as well, as most of Europe came back from Easter holidays. Rates in Atlantic remained more or less the same with TA´s around USD 10-12k, and fronthauls fixed in the USD 20k region. The Far East remained over-tonnaged with rates around 8-10k, but mid week activity and rates indicated signs of some recovery. Period business vague but all the way down to mid 12 for 4-6. The FFA market traded stronger and volumes fair” said the report.
As for the Handy/Supramax markets, “in the Atlantic, little changes in rates and a very quiet start to the week. Not many fresh enquiries - it seems Owners and Charterers try to figure out which direction the market will take. A further bank holiday on Monday, England, will surely affect the market with consecutive short weeks – traders will most probably stand by. We expect more enquiries to hit the market in the next weeks (from mid-May?) but will this be enough to stop it from declining and absorb the ever increasing spot tonnage in the Atlantic? The market will remain volatile and positional. Pacific market remains quiet. For Indo-India, Supras in N.China get close to 13k. WCI-China rates slided to 15k - from ECI around 14k, but few ships seen ballasting to Indonesia as not much cargoes ex-ECI. Red Sea, ferts on Hmax/Supras are fixed at very mid 20´s pmt on voyage basis to WCI. Not too much activity on short period as market bit volatile and speculative and hear index type vessels fixed at midteens” concluded the shipbroker.
It also noted the increased newbuilding activity during the past week. Fearnley’s reported increased investments in the container and LNG sectors. In total, 27 container vessels, plus options, have been contracted over the last two weeks. “Seaspan Corp. has placed a huge newbuilding contract at STX for 10 firm plus 10 optional 14,000TEU container vessels. This order comes only few weeks after ordering a series of 10,000TEU vessels at the Yangzijiang shipyard in China. We see great activity in the LNG sector and expect more orders to come over the next few weeks” said the report.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 5291 to 5295 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- Australian Coal Association
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- The University of Queensland
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
|
| |
| |
|
