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, 22 November 12
DRY BULK MARKET RISE, BUT OUTLOOK SEEN DIM ON THE BACK OF RECORD NEW BUILDING DELIVERIES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS


The dry bulk market has been under hefty pressure since the start of the year, as a result of record newbuilding deliveries and below-par demand for cargoes, which haven't been offset that much by the record pace of ship demolition activity. As a result, the industry's benchmark has been hovering around subdued levels for some time now. Yesterday, the BDI (Baltic Dry Index) was up by 7 points to 1073, as a result of a rebound in Panamax   activity, which together with the rise of the Supramax segment, were able to negate the rapid fall of the Capesize market.

Commenting on the Capesize segment, the latest weekly report from shipbroker Fearnleys noted that "with last 5 trading days showing only marginal fluctuations in levels concluded despite increased volumes, sentiment again turning nervous as improved activity fails to lift spot. Far East appears the most vulnerable, with rates for the WAust/China trade falling 10% and general Pacific rounds almost 15% w-o-w. Atlantic remains the bright spot in comparison – but with more speculation of massive volumes to be moved from Brazil during December than actual fixing, a steady flow of ballasters could soon change this picture. Support from paper levels combined with owners seeking predictable income for 2013 have allowed for limited period activity - representative fixtures include 175k dwt/built 2011 done for 10-14 months with delivery China mid Dec at USD 11250, 175k dwt/built 2010 delivering China prompt for 11-17 months at USD 11350, and 180k dwt/built 2011 delivery China prompt for 11-18 months at USD 11250" said the shipbroker.

On the Panamax front, Fearnleys added that "the last week has been strong for the Panamaxes both in Atlantic and Pacific. A sudden shortage of ships for early positions in Atlantic have driven transatlantic rounds up to around USD 8k, much thanks to coal cargoes from US and also some more grain cargoes from South America. Fronthaul on the other hand is not quite as busy, but both USG/China and ECSA/China fetching around 14500+450k ballast bonus. It was reported a period fixture with Atlantic delivery of 11/13 months at USD 8500. In the Far East there is enough activity for the market to slowly move upwards even though there are plenty of ships available. Coal to China is probably the main driver. A Pacific round pays around USD 8500, but maybe more interestingly the short period market in Feast pays around USD 7750 indicating that market players doesn´t really believe in this market for the longer term" the shipbroker concluded.

Finally, on the Handy front, it said that "the north Continent is seeing plenty of tonnages but lack of cargoes. TA business are around 11k and fronthaul is around 17k.Tonnages has tightened slightly in the US Gulf. For USG - SE Asia/Far East large eco Supra fixed at USD 18k. The Indian iron ore market remains quiet with less activity on WCI & ECI. India/China tct rate would be around USD 5k. Far East continues to be on positive side, 56k dwt fixing passing Spore for nickel ore RV at USD 13500. For Indo-India, large eco Supra now fixed at USD 12500 bss passing Spore. South Africa has been quiet this week. Red Sea fertilisers to India are fixed high teens" it said.

In a similar report, Piraeus-based shipbroker Shiptrade & Services said about the Supramax front that "positive news for the Supramax market, especially in the Atlantic basin, where a number of fronthauls from the USG in combination with the tonnage shortage in the area pushed the BSI at 674 points. Trips from the USG to FEast are expected to pay around USD 16,000 for large-eco Supras, whereas trips with redelivery Continent expect to pay around USD 11,500. On the other hand, the Cont/Med market still suffers of oversupply of Supras resulting to a large number of spot vessels. However, scrap cargoes ex Continent to Emed are regulars, with rates fluctuating around USD 8,500 - 9,000. A number of ballasters towards Gibraltar are expected in order to pursue better cargo availability.

Admittedly, in the Pacific Supramax market, the only support comes from the Indonesian cargoes, whereas the India market has been on the quiet side for another week, however, with significantly good volume of coal and nickel ore cargoes. NOPAC rounds pay approximately USD 8,000 plus a ballast bonus USD 300k. The Indian market is still stable, with Supras being fixed for Indo/India orders with delivery Singapore at levels around USD 10,500 and redelivery ECI. The Indian Iron Ore to China is expected to pay around USD 5,750 but on low volumes, whereas, no change has been observed for another week on the RBCT round, with rates still at USD 8000 + 200K ballast bonus. A small increase in short period requirements has been seen, with rates for large and eco Supras hovering around USD 8,500 to 9,000 levels" it concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News



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

Recent News

Thursday, 27 September 12
MINING RE-COMMENCES AT ORPHEUS' B2 EAST KALIMANTAN COAL PROJECT
- B2 project overburden removal completed and coal exposed - Coal getting has commenced with target production of 30,000tpm  - Orpheus to re ...


Thursday, 27 September 12
HANDY: THE PACIFIC MARKET IS GETTING WEAKER WITH UPCOMING GOLDEN WEEK HOLIDAYS - FEARNLEYS AS
Handy Yet another week with rates softening in all trades. Especially owners with ships open Continent struggle to find employment paying decent mo ...


Thursday, 27 September 12
DRY BULK MARKET LOSES STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The rise of the BDI (Baltic Dry Index), the dry bulk industry’s benchmark during the course of the previous week, proved to be short-lived, as ...


Wednesday, 26 September 12
NEWBUILDING ORDERING ACTIVITY REMAINS SUBDUED ON GLOBAL MARKET UNCERTAINTY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding ordering activity has been on the down side during the past few weeks, a trend also noticeable during the course of the past few days, a ...


Sunday, 23 September 12
AN ANOTHER UNSTABLE WEEK FOR INDONESIAN COAL SWAPS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.10 percent and 0.916 percent WOW and DOD respectively ...


   910 911 912 913 914   
Showing 4556 to 4560 news of total 6871
News by Category
Popular News
 
Total Members : 28,701
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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