GLG News by Metallurgical Coal Experts

Some slick congressional maneuvering yanked the threat of excluding income from Puerto Rico from tonnage tax eligibility, at least for the moment.  It will be interesting to see what happens now.

    There are many production-related issues that point to a bullish coal market in 2008 and 2009.      The commentary section below discusses these bullish signals.

    The Wyoming Powder River Basin (PRB) Joint Line in May 2005 experienced two major derailments believed by the BNSF and the Union Pacific to be attributable to coal falling off the coal railcars on this rail line and fouling the ballast and preventing proper drainage.  Coal...

The spill from the VLCC Hebei Spirit in South Korean waters has spiked rates in the short-term, but fundamentals will correct this for most of 2008 and 2009.  However, the event increases the likelihood that major Asian countries will abide by the 2010 IMO single-hull phaseout date.

    Thermal coal into Europe continues to be above $100/tonne (metric ton) for 2008 as measured by the API 2 Index into Northern Europe.  It is up ~67% from prices for this same period quoted at the beginning of 2007.       The commentary calculates...

Today's HVAC equipment experiences unprecedent need for delivering more efficient and original solutions for residential and commercial applications due to the sharp increase of energy costs, even though, all of the eqiupment sold in North America is guided by standards set and enforced by the US Department...

Indications that OPEC could increase production by 460,000 bpd over the next four weeks, coupled by arbitrage movements from the Arabian Gulf to the US West Coast have impacted against a relatively tight vessel position situation to push VLCC rates up to $200,000/day.

As of last ten years, HVAC industry has proven to be very dynamic. Water heaters segment of the industry experiences changes that go along with industry major drivers and real estate trends. In the segment of water heaters it is tank type and tankless type units. Noritz is known in North America as...

Horizon Lines (NYS:HRZ) is attempting to fight the technical corrections bill working its way through Congress that would retroactively eliminate the eligibility of Puerto Rico trade from inclusion in the tonnage tax.  They will not be successful.

The dormant Tanker market regained some of the spotlight last week when rates abruptly climbed to $140k/day from a low of $20k/day in October.  High rates are unlikely to persist beyond the end of the year.