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
Thursday, 07 June 12
DRY BULK MARKET FALLS FOR 10 STRAIGHT SESSION ON OVERSUPPLY PROBLEMS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


A resurgence of oversupply, coupled with national holidays in various parts of the world has contributed to yet another fall of the dry bulk market during the past 10 consecutive sessions, bringing the industry’s benchmark, the Baltic Dry Index (BDI) down to 878 points yesterday, losing another 26 points or 2.88 percent, which is the lowest since March. The Baltic's capesize index fell by 3.54 percent to 1,252 points with average daily earnings for capesizes, dropping to $4,526. Similarly, The average daily earnings for handysize and supramax ships fell to $8,912 and $10,539, respectively. Finally, Baltic's panamax index dipped 2.23 percent to 877 points, while their average daily earnings fell $162 to $6,976.

In its latest weekly report, shipbroker Fearnleys noted on the Capesize market that history is made as this segment hits its absolute lows so far this year. With average spot earnings falling another 15% w-o-w to come in at USD 4500/day and demand continuing to be far from sufficient to employ a growing fleet, tonnage keeps piling up in all areas. Atlantic is taking the hardest hit, as ore and particularly coal exports have to a large extent become paralyzed by traders panicking in their efforts to sell cargoes already loaded and bound for China. An ongoing Euro crisis coupled with negative news from the Chinese steel industry gives no reason to expect conditions to improve near-term - clearly reflected in FFA levels - and rates for modern 175,000-tonners are now down to well below USD 10k for 5-8 months mentioned Fearnleys.

On the Panamax market it noted that we left last week on a slow note, and continued into this week with the same pace. London was closed on Monday and Tuesday which contributed even further. We hear rumors of at least 30 Panamaxes just lying outside China fully loaded with coal. The traders are not able to sell it due to record high stockpiles in Chinese ports. A few fronthaul orders surfaced in the market and vessels willing to go FEast still achieved quite good rates, whilst transatlantic biz is scarce with most being done on aps or voyage basis. Charterers are rating vessels around 8k for transatlantic biz, and about same levels for Baltic rounds. In the Pacific the rates are low and not a lot of orders in the market. Indo and Pac rounds are paying around 5k. The period market is not very active as few owners are willing to charter out their vessels at the low rates chrtrs are currently offering. Would put short period around 8k for LME´s said Fearnleys.

On the Handy markets, the shipbroker stated that with holidays in some European countries start of the week and Posedonia at the same time, it resulted in less activity compared to last week. Continent positions fetched tick above USD 5k for US Gulf redelivery, and US Gulf fixed close to USD 25k back to Cont. Fronthauls hovered at around USD 19k. The Pacific market has been slipping with still bottom to be found. For Indo-India, large eco Supra now fixed at USD 5k + BB USD 60k basis APS Indonesia. Nickel ore cargoes are not seen in the market anymore due to on-going Indo ban which has again taken away cargoes and putting pressure on the market. Nopac also fixed basis APS at USD 10k + 300k BB. Indian iron ore market remains quiet with less activity; WCI-China rates around USD 8k and ECI-China around USD 5k. RBCT rv fixed at APS USD 11k + BB USD 300k. Red Sea fertilisers to India are fixed high teens. Not much activity seen on short period and rates around USD 9k for large Supra concluded Fearnleys.
Source:
Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Thursday, 03 May 12
DRY BULK MARKET REMAINS INACTIVE, POSTING MILD DECREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
  The dry bulk market has kept retreating this week, although at a very low pace, on the back of a lull in demand. The industry's benchmark, th ...


Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impo ...


Thursday, 03 May 12
HANDY EAST COAST INDIA - CHINA AROUND USD 7000 - FEARNLEYS AS
Handy - Stable demand in the Atlantic offered good rates for the tonnage. USG/Cont was worth USD 17500 and more. Baltic and Black Sea appeared to ...


Wednesday, 02 May 12
CHINA BLACKOUTS HIGHLIGHT PRICING POLICY WEAKNESS - FITCH
Fitch reported that,  the likelihood of further electricity blackouts in China this summer underlines Fitch's view of the basic problem f ...


Tuesday, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...


   947 948 949 950 951   
Showing 4741 to 4745 news of total 6871
News by Category
Popular News
 
Total Members : 28,624
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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