GLG News by Metallurgical Coal Experts

    As the referenced article states, there are many benefits in the Emergency Stabilization Act for the coal industry.  One not discussed is the refund of the coal excise tax.  The commentary section discusses this.

    The Emergency Stabilization Act signed into law on October 3, 2008 includes an extension of tax credits for renewable energy and refined coal.  The discussion that follows includes items to consider regarding the refined coal tax credit.

    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 and the subsequent movements to require EPA to set a...

    The commentary section discusses the current market and outlook for coal railcars

    The fuel-switching from coal to natural gas affects the demand and price for each commodity.  The commentary below discusses what issues are part of the analysis of a utility or merchant fuel buyer on whether to switch fuel sources to fuel power plants.

    Although the year-to-date and outlook for many of the items transported by the U.S. railroads are down, coal transportation has been positive.  The commentary section below discusses the positives of coal transportation for the railroads.

1. High Gasoline Price 2. Low MPG standard of Internal Combustion Engine based  cars 3. Electric Utilities Support of Battery Powered Devices 4. Assurance from the electric utilities that they are ready to install charging stations in every house 5. Rising demand for electric energy in general...

1.  Timing of CVRD announcement is rather odd with record iron ore inventories and steel prices beginning to slide in China. 2.  Longterm mismatch between iron ore supply and steel demand not readily apparent in today's market. 3.  The gap in vessel freight spread between Brazil and Australia...

Tradewinds reported that the list of suitors for the 50.4% stake being offered in Daewoo Shipbuilding & Marine Engineering (DSME) includes Hyundai Heavy Industry, Posco, the GS Group, and Hanwha Group.  Analysts expect a bidding war to result.  While a great time for sellers to unlock...

Jinhui Shipping & Transportation (Oslo:JIN.OL) reported record profits and simultaneously warned of weaker medium term prospects.  The company rightly cited macroeconomic concerns on the demand side, but is overly optimistic related to the supply side.