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
Friday, 25 January 13
SMALL ROOM FOR OPTIMISM FOR THE PROSPECTS OF THE DRY BULK MARKET AS NET FLEET GROWTH IS SLOWING DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS


Despite the fact that the dry bulk market didn't manage to post a rebound during the past year, quite the opposite, as a fast fleet growth and slower demand growth pushed freights rates lower. According to the latest weekly report from shipbroker Intermodal, the Baltic Dry Index averaged at 920 points, the lowest level in over 25 years, while it was only the second time in history that the BDI dropped below the 1,000 point mark on average during a whole year.

According to an analysis from Intermodal's Yannis Olziersky, "except for the expected seasonal gains (March – May & September – November), which even these were subdued this year, freight rates have remained under pressure and in many occasions vessels were forced to trade below their OPEX as demand throughout the year didn't grow by as much as was needed; the recessive economic conditions in the developed countries (EU and US) and the slowing down of economic growth in the emerging countries, widened evermore the gap between supply and demand, resulting in one of the worst years for the dry bulk sector" he said.

Looking forward into 2013, the shipbroker's report points at a few parameters of the market that could offer room for some fresh opportunities and the basis for renewed hope. "Although much of the fundamentals point towards another difficult year, there is a small glimpse of hope in the horizon that we may be surprised and see things turn out much better then we initially expected. For instance, "net fleet growth is slowing down despite the large number of deliveries scheduled over the next twelve months. Scrapping activity hit a record number in 2012 with approximately 52mdwt (approx. 34mdwt of these where dry bulkers) removed from active service, while the presently firm prices witnessed in the demo market are substantial basis that this momentum can be maintained in 2013 and possibly even feed another record scrapping year! Some investments on the second hand dry market made by shipowners with long and respectable tradition in the shipping market point towards the presence of optimism (although only slight) for the future prospects as well as potentially the presence of prime conditions for asset play. A new monthly high record of Chinese iron ore imports in December and an annual record of 740mt show that China is still ramping up its industrial production and still there to support the bulk carrier fleet" Olziersky said in his report.

Concluding the argument, the shipbroker said that "although the above points indeed provide some room for optimism for the future, the pace of new additions in the dry market along with the current global economic turmoil, creates some scepticism and hesitance as to whether the rebound is just around the corner or still a long way away. On the other hand and as has been mentioned countless times, opportunities can always be found during crisis and adverse market conditions. With present asset values standing close to their historical lows and having been in a “shipping crisis” for almost 5 years now, it might not be such a bad idea to invest now after all" it concluded.

Meanwhile, in the newbuilding market, a crucial element of future fleet growth, Intermodal said that is was another fairly busy week, especially when compared to market expectations. "While it is the wet sector that appears to be enjoying most of the newbuilding interest, especially in the product/chemical segments, the container market has finally shown some signs of life this past week. For an extremely troubled sector that has seen the average vessel size increase significantly throughout the years, containers are looking like they might slowly make a small comeback as far as new orders are concerned, especially when big market players like Seaspan are still willing to place such impressive orders. In terms of reported deals this week, Jebsen (Norway), placed an order of 3 Kamsarmaxes at the shipyard JV of Universal-JMU in Japan for an excess of $30.0m each. The price reported is impressive when compared to previously reported deals and current price levels and proves that Japanese yards are still in a position to charge a considerable premium to competing shipbuilders elsewhere" the report 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

Monday, 28 January 13
BAYAN RESOURCES TO SELL 18 MILLION TONS OF COAL TO GNPOWER MARIVELES COAL PLANT
Publicly-listed PT Bayan Resources announced on Friday that it had signed an agreement on coal sales with Philippine-based GNPower Mariveles Coal Pl ...


Sunday, 27 January 13
CFR SOUTH CHINA COAL SWAPS: WEAK
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q1’ 2013 delivery has gained 0.31 percent and CFR South China coal shipment&nbs ...


Sunday, 27 January 13
FREIGHT MARKET: FLAT TO SOFT - VISTAAR
COALspot.com - The freight market was soft and all the indices were down except for handy size. The BDI was down 4.66 pct closing at 798 points.. ...


Friday, 25 January 13
BOTSWANA GOVERNMENT GRANTS COAL LICENSES TO A-CAP RESOURCES LIMITED
A-Cap Resources Limited has announced that it has been granted coal rights within its Bolau tenements which sit next to the Sese Coal and Power Proj ...


Thursday, 24 January 13
INDO - INDIA NOW AT APS $ 8K + BB USD 90000 - FEARNLEYS AS
Handy The Atlantic market remains stable as supply of tonnage is still in excess of demand. USG- Far east fixed at $18k and CONT-FEAST at $ 11k. Pa ...


   880 881 882 883 884   
Showing 4406 to 4410 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 ...

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