GLG News by Metallurgical Coal Experts
-
Craig MarstonManaging DirectorCEM Marine
Despite Earnings Release, NM Is Underpriced
February 19, 2009
Navios net dives | www.tradewinds.no
Navios Maritime reported a 56% decline in earnings, consisting of several relatively small losses on warrants, swaps, doubtful FFA accounts and newbuild cancellation fees. A signficant amount of the reduction in earnings was attributable to the spin-off of Navios Partners.
-
Craig MarstonManaging DirectorCEM Marine
Supramax Market Players Well Positioned
February 17, 2009
Eagle cut to sell | www.tradewinds.no
The Supramax market is likely to be the most resilient during the coming weak 2009-2010 dry bulk markets due to growing demand and significant fleet age.
-
Craig MarstonManaging DirectorCEM Marine
Not A Good Time To Be In The Bottom Of The Top 20 Liner Companies
February 17, 2009
Barge Rates Float Upward | www.americanshipper.com
As reported in Tradewinds, AXS-Alphaliner estimates that 392 containerships, representing 1.1M TEU's, is currently idle as carriers adjust capacity to weak demand. An additional 1.8M TEU's in new capacity will enter the market this year. AXS-Alphaliner estimates that excess capacity could persist until 2014.
-
Craig MarstonManaging DirectorCEM Marine
Dry Bulk Rally Will Be Short Lived
February 17, 2009
ArcelorMittal predicts steel bounce-back | www.lloydslist.com
Minor movements in iron ore demand predictably pushed spot rates north. Times will get better when contract negotiations are finalized, but the good times won't last through the summer.
-
Sam TimpanoPresidentSam Timpano & Associates
Mr. Obama is running out of time and so is the country
February 13, 2009
Failure to Rise | www.nytimes.com
The current crisis in America is not of a type that will grant much more time to the administration to address correctly. So far, this President's lack of experience in leadership and Congressional "business as usual" and power playing are costing everyone valuable time and exposing the country to greater risks. The bold steps needed at this time are available from the Japanese experience of the 1990's but noone is taking many lessons even the newest economic student could give them.
-
Thomas ShewskiOwnerHigh Energy Services
February 9, 2009
Emitting Defeat: EPA to Drop Bush’s Controversial Mercury Emissions Policies and Begin New Rulemaking Process | gristmill.grist.org
The D.C. Circuit Court of Appeals ruled on February 8, 2009 in favor of the plaintiffs that coal plants could not be removed from the list of mercury sources subject to a Maximum Available Control Technology (MACT) standard. The Bush Administration filed an appeal of this. The Obama Administration dropped this appeal. This sets up the potential for Congress/EPA to establish a Maximum Achievable Control Technology (MACT) standard for mercury removal from coal-fired plants.
-
Thomas ShewskiOwnerHigh Energy Services
Coal Supply Response to Decreased Demand
February 9, 2009
Steelmakers’ Woes Hit Coal Miner Massey’s Profits | uk.reuters.com
Thermal coal consumption is down as a result of lower electricity usage, less industrial demand, fuel switching to natural gas as a result of low natural gas prices and high emissions costs on coal-fired generation, high inventories at many coal plants, and falling exports. Metallurgical coal demand is down due to steel demand being off.
-
Thomas ShewskiOwnerHigh Energy Services
Class I Railroads' Coal Volumes to Be Down in 2009
February 9, 2009
Transportation and Logistics Rates Will Largely Depend on Capacity, Fuel, and the Overall Economy | www.logisticsmgmt.com
Coal demand will be down in 2009 due to the economy, high inventories at coal plants, competitive switching to less expensive natural gas for electricity generation, high emissions prices for coal plants, less met coal needed for steel, and less exports. This will affect the railroads since approximately 70% of the U.S.’s coal moves by rail at some point in the transportation chain.
-
Thomas ShewskiOwnerHigh Energy Services
CO2 Emissions Cap and Trade Program’s Mechanics and Cost to Electricity
February 9, 2009
How Carbon Caps Will Affect Utilities Sector | seekingalpha.com
The proposals in Congress and the Obama Administration for a reduction in carbon dioxide (CO2) emissions include what is called a “Cap and Trade” program. Under a Cap and Trade program, the amount of annual CO2 emissions would be capped and an entity would have to have a CO2 allowance for each ton (or metric ton depending on the final wording of the law) emitted during the year
-
Craig MarstonManaging DirectorCEM Marine
Container Ship Cancellations Too Late
February 6, 2009
Barge Rates Float Upward | www.americanshipper.com
As reported in Tradewinds, Zim Integrated Shipping Services is the latest liner shipping firm to approach asian shipyards to negotiate newbuild cancellations or deferments. The industry response is too late to salvage the 2009-10 market.
Leading institutions connect with members of the Energy & Industrials councils through GLG
Most Popular Energy & Industrials News
-
Shale gas abundance provides new options for energy companies
February 13, 2012
-
Chesapeake Energy bites the natural gas bullet
January 25, 2012
-
Flurry of newbuild drilling rig deliveries in 2012 may dampen rig rates
January 20, 2012
-
Talisman joins the ranks of cautious E&P companies
January 12, 2012
-
Early signs of caution begin to cloud frontier exploration and production
January 4, 2012
Gerson Lehrman Group, Inc. connects communities with knowledge through two distinct, yet complementary offerings: GLG Research and G+.