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, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING


With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely that the dry bulk market will be able to avoid further falls in terms of freight rates. In its latest weekly report, Intermodal mentioned that dry bulk rates "don't seem to be able to find a solid ground for correction and are stagnating at low levels especially in the bigger sizes such as Panamaxes and Capesizes. Average spot earnings for Capesizes fell significantly and reached their lowest point since December 2008 at rgn $3,500/day (today they stand above $4,000/day) due to the recent slowdown in coal imports from China and the lack of annual growth in iron ore exports from Brazil, which also have some impact on the Panamax sector, although to a smaller extent, which today stand at $7,910/day.

"On the other hand, the Supramax/Handysize sector has seen some signs of recovery, since the rates have found support by the increased movements from Black Sea grain exporters and other Bulk cargoes which use geared units for the transportation, such as steel scrap, fertilizers and sugar. At the time of writing, average earnings in Supramaxes and Handysizes stood at $13,218/day and $10,405/day respectively, which compared to the bigger size vessels, shows the unevenness and the uncertainty of the dry bulk market" said Intermodal's Yannis Olziersky.

He went on to mention that "this current distorted pattern in sport market earnings, which as mentioned above, is partly a result of demand side factors of some commodities, is also explained by the fleet supply growth. Capesize and Panamax combined fleet has grown by 7.0% from the beginning of the year, as opposed to the Handy and Supramax combined fleet growth which has risen approximately by 3.5%.

Poor freight market conditions and lack of interest on vintage second hand tonnage by further trading Buyers continue to push more units to be “beached”, despite the fact that prices have fallen substantially the last two months. This is good news for the industry as scrapping activity is necessary to continue unabated in order to be able to expect a recovery in the future. However, as we have mentioned before, this is not enough as a sharp and protracted slowdown in the pace of new buildings is also a vital and significant condition for an eventual recovery" Olziersky noted.

He added that "on the sale and purchase front, activity remains subdued in view of the poor charter market conditions, despite that prices are still falling. Opportunities on the second hand market are usually coming from Japanese owners who are genuine Sellers and disposing their units at the best obtainable prices. Additionally, other opportunities, in terms of price only, are coming from Chinese shipyards which are disposing their ppt resales for 20% less than a comparable vessel which has been built either in S. Korea or in Japan. Of course this disparity is linked to building quality, specification and consumption and is something which needs to be seriously taken into consideration prior to proceeding with such units.

In general, the present market conditions and short term prospects are negative, however during these adverse times opportunities can be found around the corner; prudent and well placed decisions may lead to oncoming successful investments; after all shipping is not a simple and temporary investment for "easy money", it’s a long term investment which need time and patient in order to gain it's returns and benefits!" he concluded in the report.

In a report last week, DVB Bank mentioned that the BDI’s average during 2011 was 1,529 points, which in turn was 44% below the 2010 average of 2,758 points. So far in 2012, the average is below 950 points and is indicative of the dire position that the market has found itself, as oversupply has “drowned” freight rates. DVB sees a sustained downward trend, stating that even delays caused by port delays and congestions and an increase in demand for dry bulk commodities, haven’t been enough to help absorb the new tonnage which is entering the market at a frenetic pace.

It’s worth noting that so far this year a total of of 529 vessels, representing 44.4 million dwt have already been delivered. Another 1,148 vessels of 93.5 million dwt are scheduled for delivery until the end of 2012. This is about 58% of the current orderbook, which stands at 2,001 vessels of 161.3 million dwt, which in turns represents about 25.8% of the current fleet. As a result, asset values as well as earnings are not expected to recover anytime soon. DVB stated that "we may see the markets bottom by the end of 2013 and remain flat thereafter. However, this is subject to owners not indulging in more newbuilding contracting if they see a seasonal spike in freight rates".
Source: Nikos Roussanoglou, Hellenic Shipping



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

Recent News

Saturday, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...


Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points. The cape index also ...


Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...


Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...


Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...


   932 933 934 935 936   
Showing 4666 to 4670 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 ...

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