GLG News by Metallurgical Coal Experts

    Coal lease rates in the PRB are climbing and will cut in coal companies’ margins as exhibited by Foundations recent successful lease bid and Rio Tinto’s higher, but unsuccessful bid.  Also, the upfront payments are due often before the coal is even mined.

    Railroads impose fuel surcharges in transportation agreements such as for coal transport, but the recovery mechanism timing follows the railroads’ purchase of the fuel causing an earnings lag.     Also, legacy coal transportation agreements do not have fuel...

    New Jersey vs. EPA was filed by several states and environmentalists against the EPA’s removal of power plants from the list of mercury sources subject to a Maximum Achievable Control Technology (MACT) standard and that mercury cannot be regulated by a cap and trade system under...

The expansion of the Panama Canal will change the economics of all-water routing of eastbound containers to midwest and east coast destinations.  There will be an added benefit of avoiding the increasing congestion and costs of west coast ports, rail lines, and highways.  NOLA is ideally positioned...

Investor pressure from Frontline's (NYSE:FRO) John Fredriksen and others has finally forced TUI directors to offer Hapag-Lloyd, the world's sixth largest container shipping company, as an acquisition target.  The interest is likely to be considerable.

The ILWU negotiations with the PMA are scheduled to begin today, keeping the promise both sides made to get an early start before the 01 July contract expiration date.  For numerous reasons, the talks are expected to go much better than 2002, when a 10-day lockout/strike required federal inter...

    The Citigroup reports states U.S. coal supply is ample and coal plant inventory levels are adequate such that the higher coal prices of the last several weeks will not hold.  The discussion in the commentary section addresses U.S. coal supply and coal plant inventory and...

There are several major companies in commercial HVAC that take the lead in utilization of natural resources and advancing the automation and control. Apparently, along with major OEMs of HVAC, companies with strong background in controls also take serious postion in market place. Recent acquisition...

There are very few countries in the world that require mandatory utilization of solar energy in the form of solar water heating and electricity. Apparently, in our fractured times, when energy prices, especially oil, skyrocket, changes in governental regulations of energy efficiency become nrecessary....

Brazilian iron ore supplier Vale announced benchmark contract agreements with Nippon Steel, JFE and Posco that include a 65% price increase.  This should help move the important negotiations with Chinese steel mills along, which will move dry bulk shipping rates upwards.