Marine link
 

Coal Trade

Great Lakes Limestone & Coal Trade Up

Lakes Limestone Trade up 16% in September Shipments of limestone on the Great Lakes totaled 3,461,606 net tons in September, an increase of 3.6 percent compared to August, and 16 percent better than a year ago.  However, the trade was down 10.7% compared to the month’s 5-year average. Loadings at U.S. ports were up 342,000 tons compared to a year ago.  Shipments from Canadian docks increase by 135,000 tons. Year-to-date the Lakes limestone trade stands at 20.5 million net tons, an increase of 25.2% compared to a year ago, but a decrease of 15% compared to the five-year average for the first three quarters.  Loadings at U.S. ports are up 28 percent compared to a year ago.  Shipments from Canadian docks are 15.4% ahead of last year’s pace. Great Lakes Coal Trade Up 32.5 Percent in September Coal shipments on the Great Lakes totaled 3,648,453 net tons in September, a decrease of 6.8% compared to August, but an increase of 32.5% compared to a year ago.  Compared to the month’s five-year average, loadings were down 7.4%. Shipments from Lake Superior rose noticeably from a year ago – 35% – and were on par with the month’s five-year average.  Loadings in Chicago increased by 145% compared to a year ago and all but equaled the month’s five-year average.  The coal trade out of Lake Erie increased 13.6% compared to a year ago, but was nearly 20% off September’s five-year average.


Great Lakes April Coal Shipments Unchanged from a Year Ago

Photo: LCA

Shipments of coal on the Great Lakes totaled 2.2 million tons in April, a virtual tie with a year ago.  The trade was 19 percent below the month’s five-year average, however. Shipments from Lake Superior ports totaled 1.4 million tons, a slight increase from a year ago. Included in that total were 168,000 tons loaded in Superior, Wisconsin and transshipped to Québec City for loading into oceangoing colliers.


Stiff Rate Increases Seen For Atlantic Capers

Some stiff rate increases for Atlantic capers were seen for business to China and for trans-Atlantic coal, brokers said last Wednesday. Panamax rates were still drifting from the U.S. Gulf due to lack of orders, but levels in the Far East for these vessels remained firmer, they added. Conditions for handy size vessels and to a lesser extent smaller geared tonnage, were generally better in the Atlantic. The Baltic Freight Index (BFI) rose six points to 1,223


Great Lakes Coal Trade Falls 13% in September

Shipments of coal on the Great Lakes totaled 2.7 million tons in September, a decrease of 13% from a year ago and the preceding month. Shipments from Lake Superior ports totaled 1.6 million tons, a decrease of 13.5% compared to a year ago.  Coal transshipped from Superior, Wisconsin, to Québec City, Québec, for loading into oceangoing colliers totaled 96,000 tons.  Exports to Europe from Superior total 1,253,000 tons through September.


Great Lakes Coal Trade Down 7.3% in November

Shipments of coal on the Great Lakes totaled 2.7 million tons in November, a decrease of 7.3 percent compared to a year ago, and well below – 35.2 percent – the month’s long-term average.  Shipments were also 4.1 percent less than October’s tally of 2.8 million tons. Shipments from Lake Superior ports totaled 1.6 million tons, a decrease of 9.2 percent compared to a year ago.  Coal transshipped from Superior, Wisconsin, to Québec City, Québec


Adani EBIDTA Up 62% for Q1FY15

Adani Group

  Adani Enterprises Ltd, the flagship company of the Adani Group, today announced its results for the first quarter ended June 30, 2014.   Financial Highlights: The consolidated Total Income for quarter increased by 43% to Rs 16,524 crore against Rs 11,547 crore in the same period last year. The consolidated EBIDTA increased by 62% to Rs 3,275 crore against Rs 2,017 crore in the same period last year. The consolidated PAT is Rs 557 crore.


News: Lakes Shipping Down 1.4 Percent in 2002

Dry-bulk cargo movement on the Great Lakes totaled 162.3 million net tons in 2002, a decrease of 1.4 percent compared to 2001 and a drop of 6 percent compared to the 5-year average. Iron ore shipments totaled 58.9 million net tons in 2002, an increase of 5.8 percent compared to 2001, but a decrease of 9.2 percent compared to the 5-year average. North American raw steel production totaled an estimated 101.7 million tons in 2002, an increase of 2


Lakes Coal Surges in November

Coal shipments on the Great Lakes totaled 4.1 million net tons in November, an increase of 21 percent compared to a year ago. Shipments were also up nearly 7 compared to the month’s 5-year average. Shipments of low-sulfur coal from Superior Midwest Energy Terminal in Superior, Wisconsin, accounted for most of the increase. Nonetheless, the dredging crisis continued to hamper shipments. Not one coal cargo topped65,000 tons in November, and many were in the 63,000-ton range


Ice Took Heavy Toll on Lakes Coal in April

Ice formation, the likes of which have not been seen since 1994, dramatically slowed coal shipments on the Great Lakes in April. Loadings totaled only 995,000 tons, a decrease of nearly 55 percent compared to a year ago. Compared to the month’s five-year average, April shipments were down nearly 57 percent. The biggest drop came from Lake Superior ports. The only way vessels could safely cross Lake Superior in April was to be convoyed by U.S


Freight Rate Peak Forecasted for 2016

Newport Shipping Group Chairman Harald Lone said, “Synchronized world economic growth is going to initiate higher demand for dry bulk carriers.”

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period. “The dry bulk markets during the first half of 2014, especially Panamax, Supramax and Handysize, have not been at these low levels since the financial crisis in early 2009,” said Harald Lone


Baltic Index Touches New Record Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low on Monday on muted vessel demand.   The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser


First Damen Tug for Fratelli Neri

Damen ASD Tug 3212 Luisa Neri Courtesy Damen

Fratelli Neri S.p.A has taken delivery of a Damen ASD Tug 3212. The new vessel, called Luisa Neri, was handed over from Damen Maaskant Shipyards Stellendam in the Netherlands, on 25 January 2016. The vessel represents two firsts: it is Fratelli Neri’s first Damen newbuild tug and it is the


India to Import LNG from Australia

Piyush Goyal. Photo: Official Facebook Page of Piyush Goyal

 India may contract long-term supplies of liquefied natural gas (LNG) from Australia if price is comparable to Indian coal which remains the fuel of choice for power generation companies in New Delhi.    Power Minister Piyush Goyal


Baltic Index Pauses at Record Low

A St. Lawrence Seaway Bulk Carrier (file image)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions as gloom over global demand continues to prevail. The Baltic dry index is down about 98 percent from its peak of 11


Demand Woes, Vessel Glut Send Baltic Index to Record Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, hit a record low on Wednesday on persistent oversupply of vessels and tepid demand.   The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain


Asia Dry Bulk-Capesize Rates Likely to Remain Flat

File Image: a so-called ValeMax Bulk Carrier

Chinese iron ore and coal imports to fall in 2016 - Clarkson Freight rates for capesize bulk carriers on key Asian routes are likely to stay flat as vessel volumes outpace cargo demand and the approaching Chinese New Year holiday further dampens chartering activity, ship brokers said on Thursday


Drewry: Dry Bulk Shipping Needs Drastic Measures

Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.


Baltic Index Continues Fall to New Record Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, continued its fall to close at a fresh record low on Friday.   The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser


US, Canada Partner to Break Ice on Lower Great Lakes

Coast Guard Cutter Bristol Bay sits in the middle of Lake Erie as its crew takes ice liberty during a short break from ice breaking duties as part of Operation Coal Shovel, March 2015. The crew of the Bristol Bay, along with the Canadian Coast Guard Ship Griffon, escorted the motor vessel Algoma Hansa through a frozen Lake Erie. (U.S. Coast Guard photo by Nick Gould)

 U.S. and Canadian Coast Guard icebreaking crews kick off operation Coal Shovel Friday in the waters of the southern Great Lakes.   Operation Coal Shovel encompasses domestic icebreaking operations in southern Lake Huron, Lake St. Clair, the St


Dry Bulk Suffers From Poseidon’s Potent Prongs

Graph: Clarksons Research

 It has been a grim start to 2016 for the bulkcarrier market, with the Baltic Dry Index sliding to new record lows on almost every day of the year so far, says Clarksons Research.   With a nearly constant stream of negative news continuing to emerge across each of the key dry bulk


Baltic Index Slides to New Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, touched a new all-time low on Monday as concerns of weak global demand and vessel oversupply weighed on the sector.   The overall index


Baltic Index Slips to Fresh Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low on Tuesday on worries about vessel oversupply and slowing global demand.   The overall index, which gauges the cost of shipping dry bulk including iron


Baltic Index Slips Below 300 Points

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped below 300 points on Thursday, to an all-time low.   The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser


Baltic Index Records New Low

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight session on Friday as concerns of slow global demand outweighed gains for the large-vessel segment.  


Demolition Age Drops as the Dry Bulk Market Enters Another Challenging Year

Graph: BIMCO

 The dry bulk market faced a lot of headwind in 2015 as dwindling demand and over-supply created very unfavourable market conditions, says BIMCO.   2016 has shown no improvements so far and prospects for the rest of the year are not looking promising






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright