GLG News by Metallurgical Coal Experts

    Many previously announced coal plants have been formally cancelled or delayed this year. This is the result of either regulatory rejections or uncertainty, cost increases because of materials and labor, or environmental (CO2 emissions) issues.     U.S. Department...

    There have been several published reports of coal plant cancellations due to lack of the perceived need by regulators, differences in cost recovery in rates to consumers, the belief surrounding CO2 emissions or other reasons, Cancellation of the coal plant projects does not...

Deteriorating situation with subprime rate and loans that are based on it created a precedent when both segments of residential real estate market (new and existing sales) are deteriorating. That, in turns affect markets of HVAC and major appliances. However, when company products are marketed to the...

Bourbon (Paris:GBB.PA) posted year to date 2007 revenues up 31.5% as a result of the strong dry bulk and offshore support markets.

Eagle Bulk Shipping (Nasdaq:EGLE) reported 3Q07 earnings up 70% to $15.5m on revenues of $34m.  Not bad margins in any business.

 There are few major players in the world of electric motors for household appliances and HVAC(commercial and residential) systems. The market in Asia growth at an average rate of 15%. This creates an opportunity for components OEM to provide appliances with electrical motors and that is where...

Prompted by a relatively small weakness in Capesize rates and concerns about the 2008 iron ore negotiations, the dry bulk freight derivatives market fell by 15% in a single day.  This was a shock  to the fledgling market which had seen liquidity soar on escalating dry bulk rates.

Heavy demand in the Far East to EU/Med trade lane drove rates above the magic $2000/TEU level by mid-year, leading to earnings recovery amongst companies with a heavy presence in this lane.  However, repositioning from weaker trade lanes has already let to rate reductions and load factors below...

Hornbeck Offshore (NYSE:HOS) reported 3Q07 net income up 20.9% as measured against a relatively strong 3Q06.  The primary driver was an expanded fleet of modern OSV's, whose operating income was up 62% on the quarter.

Navios Maritime (NYSE:NM) acquired 5 capesize newbuilds due for delivery in late 2009 and early 2010 at a substantial discount to the current market, paying less than $100m on average.  Navios also secured 13 vessels on charter for an average of 10 years, with purchase options.  Navios ...