COALspot.com keeps you connected across the coal world
  • MAY 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.86 A TON
  • SHARE YOUR CORPORATE COAL & SHIPPING NEWS WITH US - NEWS@COALSPOT.COM
  • WE WELCOME ARTICLE SUBMISSIONS FROM EXPERTS IN THE AREAS OF COAL, MINING, SHIPPING, ETC.

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 25 April 18
TANKER MARKET INSIGHT - THEODOROS NTALAKOS
IntermodalWe had the opportunity to be part of Intertanko's Hellenic Mediterranean Panel last week in the SNFCC and to present an outlook on the tanker fleet development and future outlook. So in this column, we will just outline a few points delivered during the presentation.

On the crude sector, a very anemic supply growth in 2014 helped the market enjoy a very good year in 2015 as the demand for crude carriers surpassed the fleet growth. Consequentially, the improved market led to renewed appetite for new buildings and the orders peaked in 2015.  The ships ordered then were for delivery in 2016-2018, so, as demolition bottomed in 2015 and 2016, during those years the fleet grew at levels of five to six percent. Such increased tanker supply has not been matched by the respective demand, so the earnings have remained suppressed. Nevertheless, demolition – supported also by upcoming regulations, is peaking to unprecedented levels at least since 2012 leading to marginal fleet growth despite deliveries. Furthermore, and whilst the average age of the tankers being sold for scrap is around 19years old and only one percent of the crude fleet is over 20years old, eleven percent of the current fleet will be over 20years old by 2020 meaning there are still good grounds for demolition to continue.

The product market looks even more promising. The current orderbook is marginally at ten percent of the fleet and the average age of ships being scrapped is around 22 years. Furthermore, six percent of the product tanker fleet is still over 20 years old and by 2020 ten percent of the fleet will be over 20 years old. The fleet grew sharply in 2013 and 2015 but for the last three years the growth is subdued. In a very plausible scenario for 2018, demand growth is expected to surpass supply growth for the first time since 2015.

What is interesting is that the correlation between earnings and contracting turned negative in 2017. Few but wise and counter-cyclical investors find the stomach to order tanker new buildings when the market is deteriorating. One reason is the attractive prices in all tanker sub-segments; VLCCs at or below $80m, Aframax tankers hovering just over 40 million and MR Tankers in the very low 30s were well below their historical average making them very attractive. The lack of orders during 2016 led the shipbuilders to reduce their pricing and the poor market helped the buyers squeeze them further to the lowest possible contract prices. Pricing, combined with compliance to the upcoming regulations made the new buildings more attractive solutions for a shipowner who wanted to renew or expand his fleet. 

Is a shipowner prepared to pay more for a tanker today than six months ago? Definitely NO for an older vessel and marginally YES for a modern ship.  Should one be worried about today's tanker orderbook? Yes one should, but one should also keep the fact that the tonnage that can possibly exit the market the next few years is very close to today's orderbook. Have a good one.
lack of activity in the region. Moreover China’s recently imposed 25% tariff on US soybean imports could generate a growth in demand for regional palm oil, as CPO can be used as an alternative in certain circumstances.
By Theodoros Ntalakos
SnP Broker


Compiled by:
Intermodal Research & Valuations

Analysts:
Ms Eva Tzima

Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.

The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...


Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants   Surge in coal imports has now forced Coal India Ltd (CIL) ...


Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...


Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...


Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries   LNG Western Africa Conference 2019 ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5472
News by Category
Popular News
 
Total Members : 26,167
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Central Java Power - Indonesia
  • IEA Clean Coal Centre - UK
  • Bhatia International Limited - India
  • Kumho Petrochemical, South Korea
  • Australian Coal Association
  • SRK Consulting
  • Mitra SK Pvt Ltd - India
  • Aditya Birla Group - India
  • Marubeni Corporation - India
  • Jaiprakash Power Ventures ltd
  • Intertek Mineral Services - Indonesia
  • Petrosea - Indonesia
  • Deutsche Bank - India
  • GB Group - China
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Peabody Energy - USA
  • Central Electricity Authority - India
  • Coalindo Energy - Indonesia
  • HSBC - Hong Kong
  • WorleyParsons
  • Gujarat Sidhee Cement - India
  • Indo Tambangraya Megah - Indonesia
  • ICICI Bank Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Xindia Steels Limited - India
  • Ministry of Transport, Egypt
  • Straits Asia Resources Limited - Singapore
  • Barclays Capital - USA
  • Tamil Nadu electricity Board
  • NALCO India
  • Riau Bara Harum - Indonesia
  • Commonwealth Bank - Australia
  • Kobexindo Tractors - Indoneisa
  • Ambuja Cements Ltd - India
  • BNP Paribas - Singapore
  • Sinarmas Energy and Mining - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • ANZ Bank - Australia
  • Xstrata Coal
  • Bayan Resources Tbk. - Indonesia
  • Infraline Energy - India
  • JPower - Japan
  • Power Finance Corporation Ltd., India
  • IBC Asia (S) Pte Ltd
  • PowerSource Philippines DevCo
  • Binh Thuan Hamico - Vietnam
  • McConnell Dowell - Australia
  • Berau Coal - Indonesia
  • Cemex - Philippines
  • Maruti Cements - India
  • Sindya Power Generating Company Private Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Inco-Indonesia
  • Karaikal Port Pvt Ltd - India
  • Neyveli Lignite Corporation Ltd, - India
  • Essar Steel Hazira Ltd - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Adani Power Ltd - India
  • ING Bank NV - Singapore
  • Total Coal South Africa
  • Billiton Holdings Pty Ltd - Australia
  • Manunggal Multi Energi - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Singapore Mercantile Exchange
  • Renaissance Capital - South Africa
  • Bhoruka Overseas - Indonesia
  • Gresik Semen - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Cargill India Pvt Ltd
  • UOB Asia (HK) Ltd
  • Cement Manufacturers Association - India
  • World Bank
  • ASAPP Information Group - India
  • Indian School of Mines
  • Bukit Makmur.PT - Indonesia
  • Edison Trading Spa - Italy
  • Videocon Industries ltd - India
  • Maersk Broker
  • McKinsey & Co - India
  • BRS Brokers - Singapore
  • Coastal Gujarat Power Limited - India
  • J M Baxi & Co - India
  • Enel Italy
  • PLN Batubara - Indonesia
  • Coal Orbis AG
  • MEC Coal - Indonesia
  • Interocean Group of Companies - India
  • Indonesian Coal Mining Association
  • UBS Singapore
  • Formosa Plastics Group - Taiwan
  • Antam Resourcindo - Indonesia
  • PetroVietnam
  • SUEK AG - Indonesia
  • Minerals Council of Australia
  • Platou - Singapore
  • South Luzon Thermal Energy Corporation
  • TANGEDCO India
  • Bharathi Cement Corporation - India
  • Gujarat Mineral Development Corp Ltd - India
  • Savvy Resources Ltd - HongKong
  • Credit Suisse - India
  • Trasteel International SA, Italy
  • Thriveni
  • Jindal Steel & Power Ltd - India
  • Maybank - Singapore
  • Heidelberg Cement - Germany
  • Permata Bank - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Orica Australia Pty. Ltd.
  • IHS Mccloskey Coal Group - USA
  • Salva Resources Pvt Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • APGENCO India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Altura Mining Limited, Indonesia
  • The India Cements Ltd
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Posco Energy - South Korea
  • Port Waratah Coal Services - Australia
  • Meenaskhi Energy Private Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Vale Mozambique
  • India Bulls Power Limited - India
  • Asmin Koalindo Tuhup - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Chamber of Mines of South Africa
  • Siam City Cement - Thailand
  • Mechel - Russia
  • Sical Logistics Limited - India
  • Pendopo Energi Batubara - Indonesia
  • EIA - United States
  • KPCL - India
  • Petrochimia International Co. Ltd.- Taiwan
  • Oldendorff Carriers - Singapore
  • Inspectorate - India
  • Gupta Coal India Ltd
  • Coal and Oil Company - UAE
  • Attock Cement Pakistan Limited
  • JPMorgan - India
  • Jorong Barutama Greston.PT - Indonesia
  • DBS Bank - Singapore
  • Bangladesh Power Developement Board
  • Panama Canal Authority
  • Lafarge - France
  • Bank of America
  • Tata Power - India
  • Krishnapatnam Port Company Ltd. - India
  • Russian Coal LLC
  • Freeport Indonesia
  • Coal India Limited
  • Gujarat Electricity Regulatory Commission - India
  • Malabar Cements Ltd - India
  • Deloitte Consulting - India
  • Moodys - Singapore
  • Electricity Generating Authority of Thailand
  • Kaltim Prima Coal - Indonesia
  • World Coal - UK
  • White Energy Company Limited
  • Economic Council, Georgia
  • Vijayanagar Sugar Pvt Ltd - India
  • Surastha Cement
  • Vedanta Resources Plc - India
  • GAC Shipping (India) Pvt Ltd
  • Kideco Jaya Agung - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • OCBC - Singapore
  • Kartika Selabumi Mining - Indonesia
  • Shree Cement - India
  • Mercuria Energy - Indonesia
  • Cardiff University - UK
  • Sucofindo - Indonesia
  • Indika Energy - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • U S Energy Resources
  • Maheswari Brothers Coal Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • IMC Shipping - Singapore
  • Thiess Contractors Indonesia
  • Britmindo - Indonesia
  • Dalmia Cement Bharat India
  • Qatrana Cement - Jordan
  • Goldman Sachs - Singapore
  • London Commodity Brokers - England
  • Kobe Steel Ltd - Japan
  • Argus Media - Singapore
  • Asia Cement - Taiwan
  • Maharashtra Electricity Regulatory Commission - India
  • Coeclerici Indonesia
  • Samsung - South Korea
  • Bukit Baiduri Energy - Indonesia
  • Mjunction Services Limited - India
  • Mitsubishi Corporation
  • Coaltrans Conferences
  • ACC Limited - India
  • Indorama - Singapore
  • Sree Jayajothi Cements Limited - India
  • Merrill Lynch Commodities Europe
  • Indian Oil Corporation Limited
  • Cosco
  • CCIC - Indonesia
  • Japan Coal Energy Center
  • The University of Queensland
  • European Bulk Services B.V. - Netherlands
  • Star Paper Mills Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • CESC Limited - India
  • bp singapore
  • Mercator Lines Limited - India
  • EMO - The Netherlands
  • SMG Consultants - Indonesia
  • TeaM Sual Corporation - Philippines
  • Carbofer General Trading SA - India
  • Rashtriya Ispat Nigam Limited - India
  • Global Coal Blending Company Limited - Australia
  • Romanian Commodities Exchange
  • Planning Commission, India
  • RBS Sempra - UK
  • SASOL - South Africa
  • GNFC Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • Banpu Public Company Limited - Thailand
  • Siam City Cement PLC, Thailand
  • Geoservices-GeoAssay Lab
  • Bulk Trading Sa - Switzerland
  • Kalimantan Lumbung Energi - Indonesia
  • KOWEPO - South Korea
  • Standard Chartered Bank - UAE
  • Ministry of Finance - Indonesia
  • NTPC Limited - India
  • Shenhua Group - China
  • SGS (Thailand) Limited
  • Adaro Indonesia
  • Wood Mackenzie - Singapore
  • Indonesia Power. PT
  • GHCL Limited - India
  • Borneo Indobara - Indonesia
  • Wilmar Investment Holdings
  • CoalTek, United States
  • Uttam Galva Steels Limited - India
  • Thailand Anthracite
  • VISA Power Limited - India
  • Bank of China, Malaysia
  • New Zealand Coal & Carbon
  • Georgia Ports Authority, United States
  • Thai Mozambique Logistica
  • Platts
  • Simpson Spence & Young - Indonesia
  • Glencore India Pvt. Ltd
  • Latin American Coal - Colombia
  • International Coal Ventures Pvt Ltd - India
  • Asian Development Bank
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Parliament of New Zealand
  • Core Mineral Indonesia
  • Price Waterhouse Coopers - Russia
  • Karbindo Abesyapradhi - Indoneisa
  • Tata Chemicals Ltd - India
  • Madhucon Powers Ltd - India
  • Vitol - Bahrain
  • Mintek Dendrill Indonesia
  • Arch Coal - USA
  • Grasim Industreis Ltd - India
  • Makarim & Taira - Indonesia
  • Energy Link Ltd, New Zealand
  • Merrill Lynch Bank
  • Agrawal Coal Company - India
  • Eastern Coal Council - USA
  • Sakthi Sugars Limited - India
  • Arutmin Indonesia
  • Fearnleys - India
  • Bangkok Bank PCL
  • Barasentosa Lestari - Indonesia
  • Rio Tinto Coal - Australia
  • Thermax Limited - India
  • Lanco Infratech Ltd - India
  • Jatenergy - Australia
  • PLN - Indonesia
  • Tanito Harum - Indonesia
  • Metalloyd Limited - United Kingdom
  • Leighton Contractors Pty Ltd - Australia
  • Orica Mining Services - Indonesia
  • Humpuss - Indonesia
  • PTC India Limited - India
  • Ind-Barath Power Infra Limited - India
  • Thomson Reuters GRC
  • CNBM International Corporation - China
  • IOL Indonesia
  • Samtan Co., Ltd - South Korea
  • GVK Power & Infra Limited - India
  • Medco Energi Mining Internasional
  • Anglo American - United Kingdom
  • Larsen & Toubro Limited - India
  • PetroVietnam Power Coal Import and Supply Company
  • Ince & co LLP
  • MS Steel International - UAE
  • The State Trading Corporation of India Ltd
  • Idemitsu - Japan
  • Rudhra Energy - India
  • LBH Netherlands Bv - Netherlands
  • Malco - India
  • Sojitz Corporation - Japan
  • ETA - Dubai
  • GMR Energy Limited - India
  • KPMG - USA
  • TNPL - India
  • Independent Power Producers Association of India
  • Parry Sugars Refinery, India
  • Vizag Seaport Private Limited - India
  • Eastern Energy - Thailand
  • Bhushan Steel Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Australian Commodity Traders Exchange
  • The Treasury - Australian Government
  • Reliance Power - India
  • Pinang Coal Indonesia
  • Clarksons - UK
  • KEPCO - South Korea
  • Africa Commodities Group - South Africa
  • Toyota Tsusho Corporation, Japan
  • Indogreen Group - Indonesia
  • Noble Europe Ltd - UK
  • Directorate Of Revenue Intelligence - India
  • Globalindo Alam Lestari - Indonesia
  • PNOC Exploration Corporation - Philippines
  • globalCOAL - UK
  • Mitsui
  • Kohat Cement Company Ltd. - Pakistan
  • Ministry of Mines - Canada
  • CIMB Investment Bank - Malaysia
  • Runge Indonesia