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
Saturday, 12 November 11
DRY BULK MARKET REGAINS SOME OF THE LOST GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


The dry bulk market managed to edge forward yesterday, putting an end and halting the losses accumulated over the course of the past weeks, which have seen the market’s benchmark, the Baltic Dry Index (BDI) reaching a seven-week low.

Yesterday the BDI ended at 1,802 points, up by 43 points. The main reason for this recovery was a rise of the Capesize market, by 170 benchmark points to 2,993, with average daily rates reaching $45,000. Still, all other market segments were down yesterday.

Referring on the Capesize market, shipbroker Fearnleys said that the “market spiraled downwards last week and remained quiet on Monday due to a holiday in Singapore. Rather than depressing the market further, the lull in fixing in the Pacific enabled the owners to show more resistance, and the Index stopped falling. The spread in time charter return for the front haul vis-a-vis the Pacific round voyage could not be maintained and several uncovered prompt front haul cargos secured a renewed confidence in the market resulting in an increase in the rates. There is some speculation that the increase in the Pacific activity we have seen is on the back of an increase in the iron ore prices, which have fallen considerably in recent months. There has been very little activity on the period market this week” said Fearnleys.

In a separate report, Piraeus-based shipbroker Shiptrade Services said in its weekly analysis that the “week began same as last week ended, with lack of cargoes in the Pacific, forcing owners to lower their levels or start ballasting towards the Atlantic, which affected the rates in that region too. Rates for Transatlantic rounds concluded at USD 29.000 per day, while on the Fronthaul trade, rates for trips to F.East, levels concluded at USD 41.000per day. On the Tubarao/Qingdao trade rates were under pressure as an effect of the ballasters from the Pacific, and at week’s closing rates concluded at USD 24.00 pmt.

In the Pacific basin, the iron ore majors came into the market again, but the cargo volume was not enough to cover all the available tonnage, even though there were some coal cargoes ex S.Africa or W. Canada, and soon Owners began competing in order to find business. At weeks end, rates for the Australia/China trade concluded at USD 9.75pmt, while on TCT basis, rates for Pacific round concluded at USD 18.000 per day basis N.China delivery” said Shiptrade, commenting on the Capesize front.

On the Panamax market, Shiptrade said that “rates slightly dropped as the available tonnage started building up and could not see many new cargoes. In the Atlantic basin, the USG market remained the driving force, but seems like it started loosing steam. Rates for trips ex USG to F.East concluded at USD 26.000+600.000 GBB basis APS USG, while for trips to East Mediterranean fixtures reported at USG 15.750per day + 375.000GBB. Rates for Transatlantic round concluded at USD 17.000, and rates for Fronthaul trips concluded at USD 25.000per day. In the Pacific basin activity remained low without many coal cargoes ex Indonesia, and those Charterers who had firm requirements were waiting for rates to drop further. At week’s closing, rates for S.China/S.E.Asia positions interested for Indonesia round, concluded at USD 12.500 – 13.000per day. Positions at N.China/Japan range interested for trips ex NOPAC fixed at rates of USD 11-12.000per day” mentioned Shiptrade.

Regarding the Supramax market, it followed the same trend, with less cargoes, but some areas were more attractive. In the USG region rates for trip to Continent/East Mediterranean remained steady close to USD high 20’s per day, while for trips to F.East rates concluded at USD low 30’s per day. On the Mediterranean/Bl.Sea market we could see grains/fertilizers/steels going to USG or Continent, and Charterers wanting to pay around USD 7.000 per day. Cargoes ex Continent to USG or ECSA were willing to pay around USD 10.000per day, while rates for trips to East Mediterranean were around USD 10.000 per day.

Pacific basin experienced a poor week with rates dropping for all directions, and still many Charterers preferred not to move. Some fixtures concluded to direction India but levels were fluctuating between USD 8.000 – 10.000 per day. On the other hand, for the N.China positions, a few cargoes ex NOPAC concluded at rates of USD 11.000 per day” said the report.
Finally, on the Handysize front, Shiptrade said that rates also kept sliding. “In the Atlantic region we could see the usual cargoes from East Mediterranean/Bl.Sea to F.East at rates around USD low 20’s per day, while for trips to USG or ECSA rates were at USD 5-6.000 per day. Ex ECSA there were not many cargoes available, or not many cargoes firm and Owners thinking to ballast to other directions. In the Pacific basin, market remained quiet and tonnage building up with many vessels spot in N.China. There were some parcels of steels or cement/clinker at levels around USD 4-5.000 per day” concluded Shiptrade.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Wednesday, 02 November 11
MMTC TO BUY 3.73 MILLION TONS OF COAL FOR 2011- 2013
COALspot.com - India’s state-owned coal and mineral trader MMTC looking for 3.73 million tons of power plant coal for the period 2011 - 2012/ ...


Wednesday, 02 November 11
PANAMAX MARKET BECAME QUIETER AFTER THE RECENT RECOVERY - BRS
There were substantial losses across the board this week: the BDI lost 6.3% to end at 2,018 and the BCI 8.2% to end 3,274. In the smaller sizes the ...


Tuesday, 01 November 11
BORNEO LUMBUNG BUYS 23.8% INTEREST IN BUMI
COALspot.com - PT. Borneo Lumbung Energi (BORN), an Indonesian coking coal producer announces that it has signed a sale and purchase agreement, cond ...


Tuesday, 01 November 11
BAKRIE FORMS STRATEGIC PARTNERSHIP WITH BORNEO - REDUCING DEBT BY USD 1 BILLION
Press Release - Enhancing the standing of “Indonesia Inc.” at the London Stock Exchange PT Bakrie & Brothers Tbk (“BNBR” ...


Tuesday, 01 November 11
ATLAS RESOURCES SETS IPO AT RP1,500 - INSIDER STORIES
Insider Stories reported that, coal miner PT Atlas Resources Tbk has set its initial public offering (IPO) at Rp1,500 (approximately US$ 0.169) per ...


   998 999 1000 1001 1002   
Showing 4996 to 5000 news of total 6871
News by Category
Popular News
 
Total Members : 28,626
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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