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
Monday, 28 September 15
CAPESIZE FLEET INCREASES BY JUST 1 VESSEL DURING LAST 12 MONTHS, IN POSITIVE SIGN FOR DRY BULK SHIPPING MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
PanamaxAfter a rather tumultuous period, the shipping industry and more particular the dry bulk market has started to adjust to the new realities of global economy, trade and demand. “An industry trying to re find itself” has been the title phrase that best describes shipping during the past 12 months, said Allied Shipbroking in its latest weekly report. “After an extraordinary decade were the industry gained not only from fast paced world economic growth but also from the opening of trade and bolstering of largely dispersed supply chains, international trade volumes managed to grow at an average rate which was twice as fast as that of the world economy. This self-feeding super cycle caused great escalation in the movement of commodi-ties as well as finished products, driving demand for shipping to new highs”, Allied noted.

As George Lazaridis, Head of Market Reseach & Asset Valuations pointed out, “this was a cycle in the market which like any other was not meant to last forever and as we moved towards the end of 2011 it was already starting to become evident that growth in glob-al trade volumes was set to fall to levels far below the long-term average of 5% a year. During 2015 global trade volumes grew by 2.58% year-on-year, while the average rate seen since 2012 has been 2.49% and has rarely even reached the 5% figure”.

Lazaridis notes that “all this has meant that shipping has had to restructure itself in order to reflect and follow this new trend. Shipping is driven by demand and must always follow the prevailing trends seen in global trade. With most in the industry being used to the excessive growth rates witnessed in the 2003-2007 period, it has proven that the rehabilitation period will last much longer then what we had seen during previous cycles. It is almost as if many watch in disbelief that the high paced growth years are over and will not be seen again soon. A good example of this had been the large scale ordering that was undertaken during 2010 as well as the more recent ordering spree of 2013-2014″.

This however have started to change. As Allied’s analyst pointed out, “new order contracting has all but vanished during 2015 and scrapping along with orderbook cancellations and delays has helped dampen fleet growth to levels that better match that of global trade. All this has been a bigger issue for the dry bulk market which has accounted for ever less percentage in the growth of world trade (notable that crude oil and oil products have accounted for some of the largest gains during the past 12 months) but even saw the well placed actions undertaken by the market as a whole has started to show signs of bearing fruits”.

Allied said that “Capesize freight rates this week noted one of their fastest paced increases after a seasonal influx of cargoes was matched by few open vessels leaving traders to scramble in order to cover their requirements. With the Capesize Fleet having witnessed a 0.07% year-on-year increase (essentially only 1 more vessel than what we were seeing last September) the market has already start to rebalance better matching the average requirements put out during the seasonal cycles of the year”.

Lazaridis said that “so, there you have it, there is a way out of the gloomy market downturn but it involves a redefining of how we view the markets rather than waiting for another global trade super cycle. The dangers are now more placed in the hands of the industry itself and its ability to revert from “shooting itself in the foot” so to speak. With the shipbuilding industry having also been forced into a corner these past months, progress has been made in preventing further ordering sprees such as those mentioned earlier as ship-building capacity has also decreased somewhat. If we are able to keep fleet growth rate under cap and closer to what global trade growth dictates, then we might just be closer to more promising freight market levels steering well away from the levels we had been seeing during the first half of 2015:, he 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

Wednesday, 07 October 15
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS DOWN 21 PER CENT COMPARED WITH THE SAME PERIOD IN 2014 - EIA
Coal Supply Lower U.S.’s domestic coal consumption and reduced exports contribute to a forecast decline of 89 million short tons (M ...


Wednesday, 07 October 15
SHIPPING MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2015 and more specifically during the summer season has been rather remarkable. 421 v ...


Wednesday, 07 October 15
INDONESIA COAL SWAPS HAVE CONTINUED TO DECLINE, FALLING ALMOST 7% M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week. The Q4 swap declined $ 2.23 (-5.51%) per t ...


Tuesday, 06 October 15
THE IMPACT OF LOW OIL PRICE ON THE SHIPPING INDUSTRY - LITERATED
The fall in global oil prices over the last one year has been beneficial to the shipping industry. The demand for oil tankers has picked up and the ...


Tuesday, 06 October 15
FOB RICHARDS BAY COAL SWAPS PLUNGE MORE THAN 6 PER CENT M-M
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 declined week over week and month over month. The Q4 swap was down US$ ...


   555 556 557 558 559   
Showing 2781 to 2785 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 ...

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