Mining Industries Correspondent
Krishna's Feed
Oct 10, 2011

Solar installers thrive as panel costs slide

Oct 10 (Reuters) – A steep drop in the price of solar
panels has been a boon to the companies that install the
renewable energy systems on rooftops, and it could set off a
wave of consolidation in the sector.

Those installers number in the hundreds across the country,
focusing mostly on residential and small commercial market
rooftop arrays rather than large-scale multi-megawatt systems
under development in the U.S. Southwest.

Oct 3, 2011

Westinghouse Solar CEO sees profit next year

NEW YORK (Reuters) – Westinghouse Solar Inc expects to start posting profits next year after years of losses, as a deal to buy cheaper solar panels should help it cut prices and increase sales, its chief executive told Reuters.

Westinghouse, which makes solar power systems, earlier this year signed a deal to buy solar panels from China’s Lightway, reducing its near-total dependence on Suntech Power Holdings Co Ltd.

Aug 26, 2011

China COSCO says some ship lease disputes resolved

HONG KONG/BANGALORE, Aug 26 (Reuters) – China COSCO Holdings
Co Ltd’s president said on Friday that the
company has resolved lease disputes with shipowners on 18
vessels, adding that ship seizures are common during such
disagreements.

Zhang Liang told a video conference in Hong Kong that the
company operated more than 400 bulk cargo ships and the contract
disputes involved only a small number of vessels.

Aug 18, 2011

Solar firm STR sees M&A as core strategy: CFO

BANGALORE (Reuters) – Solar company STR Holdings Inc is looking to buy a competitor or a raw material manufacturer as it brings acquisitions into the heart of its business strategy.

“We are looking at acquisitions,” Chief Financial Officer Barry Morris said in a telephone interview. “Before, we were a little more opportunistic, now it’s definitely part of our core strategy.”

Aug 16, 2011

JinkoSolar shines in gloomy market, shares rise

BANGALORE, Aug 16 (Reuters) – JinkoSolar Holding Co
posted strong quarterly results and expects sales growth to hold
up this year as the Chinese solar company continues to make
inroads into newer regions, cheering up investors in a gloomy
market.

The company’s shares, which have shed 17 percent of their
value so far this year, rose 11 percent to a high of $18.66 on
Tuesday on the New York Stock Exchange. The wider MAC Solar
Energy Index was down 2 percent.

Aug 11, 2011

Shippers say China, India can offset U.S., Europe woes

BANGALORE (Reuters) – Business from China and India is robust enough for shippers such as Paragon Shipping, Box Ships Inc and Seanergy Maritime Holdings not to be losing sleep over financial crises in the United States and Europe, executives said.

Brokers, including Intermodal and Wells Fargo Securities, have said the market volatility sparked by Standard & Poor’s U.S. sovereign debt rating cut and Europe’s debt crisis, could trip the global economy into a double-dip recession and land a body-blow to dry bulk trade and the shipping sector generally.

Aug 10, 2011

Euroseas, Star Bulk sail past slowdown worries

BANGALORE, Aug 10 (Reuters) – Dry cargo shippers Star Bulk
Carriers and Euroseas Ltd surprised Wall
Street with quarterly profits on lower costs, and indicated they
were on course to manage debt payments despite a weak market.

Most shipping companies have suffered in the past two years
as demand to transport commodities has lagged supply of vessels.
This has been compounded by a slowdown in the global economy
that has made access to funds difficult.

Aug 4, 2011

Mid-cap U.S. oil cos loosen purse string to pump up output

BANGALORE, Aug 4 (Reuters) – A number of small and
medium-sized U.S. oil and natural gas companies have increased
their annual spending budget as they look to produce more of oil
and natural gas liquids from their properties.

April-June Natural gas prices NGc1 rose about 3 percent
from year-ago levels to average $4.38 per million British
thermal units. U.S. crude oil prices CLc1 soared 32 percent to
average $103.49 a barrel during the period.

Aug 3, 2011

Yingli boosts Q2 shipment view

BANGALORE (Reuters) – Yingli Green Energy Holding boosted its second-quarter module shipment outlook and backed its gross margin forecast, but its shares fell 7 percent as the Chinese solar panel maker did not provide a much-expected update for the second half.

The solar market likely bottomed in the second quarter, after pullbacks in solar subsidies in the world’s No. 2 market Italy stalled development of projects there, creating an oversupply of solar panels and sparking a more than 20 percent drop in prices.

Aug 3, 2011

Yingli boosts Q2 shipment view; shares fall on H2 fears

BANGALORE, Aug 3 (Reuters) – Yingli Green Energy Holding
boosted its second-quarter module shipment outlook and
backed its gross margin forecast, but its shares fell 7 percent
as the Chinese solar panel maker did not provide a much-expected
update for the second half.

The solar market likely bottomed in the second quarter,
after pullbacks in solar subsidies in the world’s No. 2 market
Italy stalled development of projects there, creating an
oversupply of solar panels and sparking a more than 20 percent
drop in prices.

    • About Krishna

      "I have been covering India's metals and mining industries from New Delhi since April Fool’s Day, 2013. Before that I led two teams of reporters covering small-and-medium-sized U.S./Canada-listed energy and resources companies. I have closely followed the solar and shipping industries and love to write on cricket whenever I can."
      Hometown:
      Agdala, Baihata Chariali, Assam
      Joined Reuters:
      August, 2009
      Languages:
      Assamese
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