The Panamax dry bulk short period freight market is currently trading below operating costs and some owners may be tempted to lay up their vessels as the outlook for 2016 is very weak, sources said. The Panamax short period market is ...
Although the preference for Australian over US coal continues, US high vol B is still holding its own in the market. Some buyers are now looking to the next benchmark with expectations of a fall from the current $89/mt FOB Australia. One ...
Tags: coal, high vol B coal
CHARLESTON, S.C. — East Coast ports are looking to attract shipments from Asia in light of the soon-to-be-expanded Panama Canal and congestion on the West Coast earlier this year, and the Port of Charleston has cleared a hurdle in ...
Tags: furniture, furniture transport
Food processing company Archer Daniels Midland (ADM) has agreed to sell 50% stake in its export terminal in Brazil to Glencore. ADM has entered into an agreement to this effect. Located in Barcarena, in the northern Brazilian state of ...
Bearish factors weighing on the Chinese market were offsetting any positive sentiment on Indian demand for Indonesian thermal coal, sources said Thursday. A Singapore-based source for a major producer said he did not share in the bullish ...
Tags: Chinese market, thermal coal
Monsoon rains limited Indian buying of Indonesian thermal coal, while lending restrictions muted demand from China, market sources said on Friday. An Indian end user said buyers had refrained from purchasing imported cargoes because of ...
Tags: Thermal Coal, Limited Demand
South African Richards Bay Coal Terminal's exports of coal in May rose 28% year on year to 5.58 million mt, which was 2.3% higher month on month, according to port operating data published Thursday. RBCT said the exports were shipped in ...
Tags: Coal, Metallurgy, Mineral, Energy
China's Shanghai Shipping Freight Exchange plans to launch dry bulk freight futures contracts on June 18, the first of its kind in the global freight market, SSEFC President Yu Jun said late last week. "Being the first to launch such a ...
Few spot deals for Indonesian thermal coal were reported Wednesday, as Indian buyers opted to purchase from port stocks while Chinese demand remained inactive, sources said. A Dubai-based trader said he had seen many inquiries from Indian ...
Tags: thermal coal, Chinese demand
Sentiment in India following the general elections appears bullish, boding well for the Indonesian thermal coal market, but there is no near-term catalyst being seen to drive Chinese demand up, sources said Friday. "It would still require ...
Tags: Thermal Coal, Mineral
Production cuts at Indonesian thermal coal mines could only at best help stabilize prices but further gains would be capped by sagging demand from both India and China in the spot market, sources said Wednesday. A Singapore-based trader ...
Tags: Thermal Coal, thermal coal mines
Indonesian thermal coal prices were steady Friday amid reduced production and weak demand from China and India, sources said. "Demand has been flat. There has been no real movement," an Indonesia-based trader said. A Singapore-based ...
Tags: Thermal Coal, Flat Demand
Spot Asian coking coal prices moved sideways Monday as ominous signals from the Chinese steel industry, nagging concerns about lower costs and abundant supplies hurt trading sentiment. Lower domestic prices continued to be used as a key ...
Tags: coking coal, domestic prices
Indonesian thermal coal prices were stable to higher on Monday with very few deals reported as the market awaits direction from India after the end of its month-long elections later this week, sources said. "Prices have been more or less ...
Tags: Thermal Coal, Indian demand
The thermal coal Panamax freight market on Thursday lost some of the last week's bullishness as firm cargoes eluded the market, sources said Thursday. The coal freight market from Indonesia to India was quiet, market sources said, with ...
Tags: Thermal Coal, coal freight rate