GLG News by Metallurgical Coal Experts

There is a fierce competition between major OEMs of HVAC.  JCI has positioned itself differently after acuiring York International. Its position strenghtened by offering to an end user a complete package of the equipment and controls. In addition, new, more advanced AC units came out as a product...

    The anticipated export of Eastern U.S. coal in 2008 and 2009 will need to be sourced in great extent from the Powder River Basin (PRB).  This is in addition to the new coal plants coming on in 2008 and 2009 using PRB coal. The discussion below provides a forecast on...

    The global coal availability and price has provided the opportunity for U.S. Eastern coals to be placed in export to Europe.  This has dramatically increased Eastern coal prices.  This provides an opportunity for Western Powder River Basin (PRB) coals.

There are several major players in the field of heat exchangers: Alfa Laval, Global Engineering Alliance (GEA), Hisaka, SWEP. Most comprehensive range of heat exchangers is offered by Alfa Laval, GEA, and APV. Hisaka offers more industrial type of heat exchangers, while SWEP specializes in the brazed...

    The increase in coal prices will obviously increase the electricity generating costs at a coal plant exposed to these price increases.  The impact to Independent Power Producers (IPPs) and their potential margins is understood.  Regulated utilities, on the other hand,...

    The global coal availability and subsequent coal price explosion has provided a great benefit to Eastern U.S. coal producers.  The Western U.S. coals may not be able to appreciably directly-participate in the export surge.

Speculation that VLCC retirements and conversions will exceed new deliveries in 2008 is unwarranted.  Most conversion prospects will not happen.

Capesize rates have already recovered above the $130k/day level despite the Chinese New Year and continuing uncertainty around the iron ore negotiations.

Matson Navigation Company, part of Alexander & Baldwin (Nasdaq:ALEX) reported operating profit in 4Q07 up 5% on 9% higher revenues despite a weak transpacific market and under-recovery of fuel costs.

Horizon Lines (NYSE:HRZ) is projecting EPS growth of at least 76% in 2008.  This has more to do with greater available voyage days due to a less-intensive shipyard schedule than it does from underlying growth, rate increases, or the effects of their cost-cutting measures.