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
Wednesday, 02 October 13
HOW LONG WILL THIS LATEST CAPESIZE RALLY LAST? - TASOS PAPADOPOULOS


By Tasos Papadopoulos, SnP Broker, Intermodal


The surge in iron ore trade has translated into a massive boost in daily earnings for capes; with the demand for such vessels skyrocketing over the last couple of weeks. The gains noted for Capes are certainly impressive when considering that rates have recovered from below US$ 4,000/day noted back in June 2012! 

As a comparison, this time last year, iron ore had “crashed” down to just US$ 86/tonne, in a sudden shift that took the industry by surprise. This had primarily been the drive for last year’s seasonal round of restocking, however it seems that it was nowhere close to the excessive demand witnessed over the past couple of days.

Capesize vessels provide the best insight into the health of the Chinese economy; and despite analysts having projected a slowdown in Chinese growth; China continues to import in order to replenish its supply. China's aggressive iron ore restocking has encouraged a surge in demand while near-term prospects remain promising! 

China is forced to import iron ore, as their inventories have declined significantly, down by 27% from their February 2012 highs. There have been large volumes of Chinese buying and restocking from both Australia and - more importantly - Brazil and the year could end on a high note… But the question that's on everyone's mind at the moment is, how long will this latest Capesize rally last?

We expect Capesize rates to remain firm as long as Chinese iron ore restocking continues. Having said that, we have several examples from the recent past, where once the seasonal restocking process was over, we witnessed drops in freight rates which were just as quick as their preceding rise. 

However, the present surge looks likely to be sustained for a bit longer, as it appears to be supported by improving fundamentals in China's steel production and consumption. All the evidence points towards the fact that steel production and consumption in China is to continue to steadily grow, maintaining China’s iron ore imports at healthy levels in respect to the supply of vessels.

What is worth highlighting here is, that for the moment, only iron ore demand has picked up considerably and it has mostly been Capesize owners that have basked in the sun, while there has been limited spill-over effects noted in the panamax sector and at the same time Supras and Handies seem to be mostly unaffected. 

Will this boost in freight rates remain limited only to the larger segments or will we eventually see benefits trickle down to the smaller sizes? 

For the moment it seems as though these surplus rates are a privilege only the Capes can indulge in and as we have yet to see any spikes in demand for commodities such as grain or coal, the mere positive sentiment created by higher earnings may not be enough yet to provide a solid foundation for a complete dry bulk market recovery... 

Compiled by:
Intermodal Research & Valuations |
research@intermodal.gr

Analysts:
Mr. George Lazaridis |
g.lazaridis@intermodal.gr

Ms. Eva Tzima |
e.tzima@intermodal.gr

Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various  sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.

Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.



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

Recent News

Thursday, 26 September 13
DRY BULK MARKET KEEPS ON RALLYING ON THE BACK OF HIGH CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its momentum over the course of the past week, on the back of increased demand for Capesizes and an improvement of mark ...


Wednesday, 25 September 13
RBCT'S COAL EXPORT DECLINES IN AUGUST
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal in South African as well as in the world has shipped 16. ...


Wednesday, 25 September 13
CAPES TOUCHING RATES NO ONE BELIEVED COULD BE ACHIEVED IN 2013 - INTERMODAL
Chartering (Wet: Stable- / Dry: Firm+ ) The Dry Bulk market is the gift that keeps on giving these days. With rates for Capes touching numbers ...


Wednesday, 25 September 13
IS IT TIME AGAIN TO SUPERSIZE AGAIN? - GEORGE LAZARIDIS
After an early arrival of the seasonal rally in the Capesize market, things look to be on the upbeat for these dry bulk giants. With the Index reach ...


Monday, 23 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 3 PERCENT LESS COAL WEEK ON WEEK
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port fell 3 per cent week on week to 2.92 million mt for t ...


   819 820 821 822 823   
Showing 4101 to 4105 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 ...

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