COALspot.com keeps you connected across the coal world
  • JULY 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 71.92 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 July 18
TANKER MARKET INSIGHT - DIMITRIS KOURTESIS
IntermodalWe are now into the second half of 2018, which so far has not been a fruitful year for tankers. With 2020 quickly approaching we need to consider the implications arising from the new fuel directives. 2020 seems to be the year that there will be a noticeable increase in the cost of moving cargo, with the forces driving costs upwards being either scrubbers and/or the increased demand for cleaner fuels.
 
The need for cleaner fuels will not only boost demand for product tankers though. Given the much higher crude oil quantities the production of these cleaner fuels requires compared to HFO, a boost in crude oil demand and a consequent support on crude tanker freight rates appears to also be in the cards.
 
The increase in fuel costs will definitely increase revenues but not profits. Therefore small owners with older, less efficient units, not capable of installing scrubbers, will be forced to either merge with larger companies, who have the cash flow to support financing, or in some cases will have to sell/ scrap and exit the industry. This filtering process will separate companies that managed to evolve and endure through the cycle and concurrently will correct the oversupply of tonnage, which drives rates in some cases well below their operating expenses today. 
 
Vessels equipped with scrubbers or eco units will have a competitive advantage and owners will be able to fix periods at levels including a premium, as charterers will prefer to charter compliant and fuel efficient units. The market right now for a 1 year time charter, medium range non eco / non scrubber equipped tanker trading in clean petroleum products is around USD 13,000 per day. On the other hand, an eco/scrubber equipped unit would get approximately USD 14,500 - 15,000 per day for the same period. 
 
We can identify that the difference of USD 1,500 - 2,000 per day is the premium charterers are paying in order to be 2020 compliant and have efficient units under their time charter. Apart from Ship owners/operators and charterers, it's also quite interesting to see how modern refineries are getting prepared for these changes. According to HSBC's research on IMO 2020, four of the most technically advanced refineries, S-oil, SK Innovation, Reliance Industries and Repsol are further upgrading and investing in their plants. They target to eliminate their HFO production by early to mid-2020. Specifically, SKI will focus on refining only very low sulphur fuel oil (VLSFO). The goal of these refineries is to find themselves in a position where, come 2020, they have substantially decreased– or even better entirely eliminated – the production of HFO.
 
Mr. T. Veniamis on behalf of the Union of Greek Ship Owners, stated that Greek ship owners are working hard to comply with the 2020 requirements (0.5% sulfur cap). He also stressed the importance that these cleaner fuels are – aside from compliant – also safe for both the crew and the ship itself. To conclude, the general sentiment particularly for Owners with units up to MR size without scrubbers, is to patiently wait and plan day by day, as the investment of installing scrubbers on older units may not make financial sense given today’s fundamentals.
By Dimitris Kourtesis
Tanker Chartering 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

Monday, 08 July 19
INDONESIAN COAL PRICE REFERENCE POSTS BIGGEST MONTHLY LOSS SINCE JANUARY 2017
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...


Monday, 08 July 19
ULTRAMAX: A 52,000-TONNER OPEN CJK FIXED FOR A TRIP VIA INDONESIA WITH RE-DELIVERY CHINA AT $6,100 - BALTIC BRIEFING
Capesize The Capesize market surged over the past week, reaching highs not seen since August last year. Widespread activity in both basins saw ...


Wednesday, 03 July 19
SHIPPING MARKET INSIGHT - INTERMODAL
The global shipping industry is facing numerous challenges at a time when geopolitical turmoil has escalated in view of the recent tension in the M ...


Monday, 01 July 19
COAL DEMAND RISES, BUT REMAINS BELOW PEAK LEVELS - FORBES
This article is the third in a series on BP’s recently-released Statistical Review of World Energy 2019. The Review provides a comprehensive ...


Saturday, 29 June 19
ULTRAMAX: FROM SOUTHEAST ASIA MORE COAL WAS ENTERING THE MARKET - BALTIC BRIEFING
Capesize The market showed variability over the past week, as most routes were active yet sentiment differed from region to region. The Pacific ...


   1 2 3 4 5   
Showing 6 to 10 news of total 5507
News by Category
Popular News
 
Total Members : 26,333
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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