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
Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry’s benchmark, the BDI (Baltic Dry Index) was up by 0.42% on the day, reaching 1,930 points for the first time in days. The Baltic Panamax Index (BPI) was the biggest contributor with daily gains of 1.17% to 1,733 points, while Capesizes were also on a high, reaching 3,725 points, up by 0.76% on the day. On the downside, Handysize/Handymax ship owners didn’t have much to cheer for, with the sector still losing track, ending yesterday below the 600-point mark.

According to the latest dry bulk weekly report from Paris-based shipbroker Barry Rogliano Salles (BRS), “the dry bulk freight market continues its volatile behaviour as it we approach the holiday period. Overall the BDI ended the week in positive territory due to a strong demand for Capes fueled by lower iron ore prices, which led to increased import activity. By the end of the week, the BDI was at 1922 points (+3%), the BCI at 3697 (+8.5%), the BPI at 1713 (+0.7%), while the smaller sizes dropped, with the BSI at 1230 (-7.9%) and the BHI down to 602 points (-3.4%)” said BRS.

Commenting on the Capesize sector, the shipbroker said that it was a second week of positive gains for the Cape market, with rate increases on all the major routes, and particularly on Atlantic and fronthaul trades out of Brazil. “A combination of good activity by the mining companies, plus some evidence of resistance by owners, pushed the 4TC rate to $32,600 by Friday, a rise of 11%. This surge also created momentum in the FFA market, with prices for December and January up sharply, at $31,000 and $21,750, a w-o-w r ise of 16% and 13% respectively. Monday saw more gains, with the 4TC rising another $270 and a seemingly positive outlook for the short term” said the shipbroker’s report.

On the Panamax front, BRS noted that “the Panamax 4TC remained almost flat over the course of last week (+ $96), ending at $13,682 per day. The Atlantic softened slightly at the beginning of the week before ticking up on the back of fresh cargoes released. Transatlantic rates hovered in the mid $15,500s with stronger numbers done Thursday and Friday. The number of vessels open in the Atlantic for the next 15 days was way below what has been seen the last 6 months, but rates were unable to pick up as demand remains low. Fronthaul rates reached mid $20,000 levels and activity was there and kept absorbing vessels able to make TA round too, explaining the low supply in Atlantic. In the East, rates lost some ground the first half of the week before posting a $500 gain the last 2 days to finally reach $10,805 per day, up $300 w-o-w. Several fixtures were reported in the $12/12,500 range as vessels started to ballast to Atlantic in search of the greener grass on the other side. The period market was a little more active than the week before with rates in the mid-low $12,000s per day for 4/6 months trading, reaching $13,000 for 1 year period” said BRS.

Finally, on the Supramax/Handy markets, the report mentioned that “the Baltic Supramax Index went down by 105 points to finish at 1,230 points last week, while the average of the time charter routes lost about $1,100 daily to finish close to $13,000 per day. The market was active in the Atlantic. Quite a few requirements of grain/sugar were added during the week especially in the South Atlantic and in the US Gulf – but this was not enough to cope with the number of vessels open, creating some downward pressure again. Supras ex south America fixed at a rate close to $19/20,000 for trip to Far East and $15/16,000 daily for trip to Continent/Med with equivalent ballast bonus. In the Pacific, Indo/China was fixing at
rates close to $8,000 daily + equivalent BB, and the market was supported with interest for ships for a few legs or short period.

On the smaller sizes, the Baltic Handysize index went down by 21 points to finish at 602 points while the time charter routes lost $263 to reach $8,597 daily. The TARV was worth $11,000 per day (quite a few grain and fertiliser requirements sustained levels in Continent/Med/Black Sea), whereas the Pacific round voyage was trading close to $6,000 daily. On the period front, Supramaxes fixed delivery China for 3/5 months redelivery worldwide at a rate close to $9/10,000 daily” concluded BRS.
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Thursday, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, gl ...


Thursday, 22 December 11
DRY BULK MARKET KEEPS LOSING TRACTION AHEAD OF HOLIDAY SEASON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept retreating in the middle of the week, as charterers seem to be looking towards the holiday season and the start of the new ye ...


Tuesday, 20 December 11
THE COAL IMPORT INTO CHINA WAS QUIETER AS COAL STOCKS WERE AT HIGH LEVELS - BRS
The BDI ended the week at 1888 points (-1.8%), the BCI corrected to 3572 (-3.4%), the BPI was up at 1,775 (+3.6%), the BSI dropped to 1193 (-3.0%) a ...


Tuesday, 20 December 11
INDIA IMPORTS 66.41 PERCENT MORE COAL FROM INDONESIA LAST MONTH - SOURCES
COALspot.com: Indonesia, the world largest coal exporter, shipped  33.476* mln mt of coal in November, which is slightly higher than its Octobe ...


Monday, 19 December 11
KOPEX COMMITS ADDITIONAL ONE MILLION DOLLAR FOR PT TRANSCOAL MINERGY
COALspot.com - Mining contractor Kopex has agreed to extend a further US$1 million to finance the remainder of the expanded drill program at PT Tran ...


   983 984 985 986 987   
Showing 4921 to 4925 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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