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, 10 April 19
SHIPPING MARKET INSIGHT - INTERMODAL
IntermodalThe tragedy in Brazil’s Vale Brumadinho where a tailings dam collapsed in January ranks among the world’s worst mining disasters. It continues to this day as the effects of the disaster ripple through local communities and the shipping industry.  
As most of us are aware, Vale is the world’s largest producer of iron ore, and runs several deep-draft ports in Brazil as well as Indonesia, Malaysia and Oman, equipped to receive Valemax ships, the biggest mineral vessels in the world, with capacity for 400,000 tonnes of ore. The company charters Capesizes and Very Large Ore Carriers (VLOCs) and its fleet primarily services the Asian energy needs. 
 
This is actually the second dam collapse incident Vale saw in less than four  years. Back in 2015 a larger dam, Samarco Mineracao SA, a joint venture between Vale and BHP, collapsed claiming the lives of 19 people and creating a major environmental disaster. So coming just a few years after a similar disaster in the same state, the Brumadinho collapse enraged many in Brazil, particularly when everyone found out that Vale had earlier received warnings about its fragile state. 
 
The crisis at Vale is already rippling worldwide with strong effects on the iron ore markets and the Capesize segment. The price of iron ore last week surpassed $90 a tonne amid concerns that the closure of Vale’s dams could provoke a supply crunch. The company itself said it would sell a maximum of 330m tonnes of the raw material this year. Last year Vale produced 380m tonnes.
 
Tailings dams are cheap and obviously risky. The upstream sort have been banned in Chile and are very rare in America and Europe. Their widespread use in Brazil is one way the government helps mining firms. Miners such as Vale in particular, are obviously favoured because they often shoulder the responsibilities of governments in remote places, building schools and hospitals, for example. In Minas Gerais (literally, “General Mines”), the state where Brumadinho is located, Vale often dominates local economies as we can all understand.
 
This disaster weighed heavily on the market for big Capes, with still a lot of uncertainty about shipments/future exports leading to a sharp drop in rates. The miners had largely been absent from the market recently, with just a handful of other player in the region with large iron ore cargoes to move. Rates are expected to still experience a significant pressure moving forward. It is quite a unique situation and it is interesting to see it’s future dynamics in the Capesize sector.
By Christopher Whitty
Director, Towage and Port Agency Division


Compiled by:
Intermodal Research & Valuations


Analysts:
Ms Eva Tzima

George Panagopoulos


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 reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.

The 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, 18 October 18
SUPRAMAX: INDO/WC INDIA SUPRAS ARE FIXING AROUND MID $14000S P/D BASIS SPORE DELIVERY
Capesize The volatile Cape market continues this week, especially in the Pacific says Fearnleys in its latest weekly report.    ...


Thursday, 18 October 18
COAL SHORTAGE HITS POWER SECTOR AGAIN; HOW INDIA CAN GET ITS PRODUCTION RIGHT - ANIL SWARUP
By convincing states of the value proposition of increased production, the record production of Fy15 & Fy16 can be emulated.   The ...


Thursday, 18 October 18
CHINA POWER REFORM NEUTRAL ON GRIDS, PRESSURES IPP MARGINS - FITCH RATINGS
China's power sector reform has a broadly neutral impact on transmission grids although it will pressure the power producers' margins, says ...


Wednesday, 17 October 18
ESCROW SERVICE FOR BALTIC MEMBERS NOW LIVE
The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is ...


Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC.  43 of those vessels had to do ...


   316 317 318 319 320   
Showing 1586 to 1590 news of total 6871
News by Category
Popular News
 
Total Members : 28,700
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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