COALspot.com keeps you connected across the coal world
  • OCT 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 64.80 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, 16 September 19
COLOMBIAN COAL PRODUCTION TO FALL 5% THIS YEAR, MINING GROUP SAYS - REUTERS
Colombia’s coal production will decline to around 80 million tonnes in 2019, nearly 5% below last year’s, because of low prices and dro ...


Monday, 16 September 19
THE COAL-D SHOULDER? - BALTIC EXCHANGE
Good fortune and the number 13 don’t usually go hand in hand, but when it comes to coal, 2013 actually seems to have been the commodity&rsquo ...


Monday, 16 September 19
SCRUBBERS AND FUEL PROFIT SHARE CLAUSES - CLYDE&CO
From 1 January 2020, Regulation 14 of MARPOL Annex VI provides that the sulphur content in fuel oil used on board ships shall be reduced from a max ...


Monday, 16 September 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR MAX 1,290,000 METRIC TONS OF STEAMING COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for total 1,290,000 Metric Tons steam coal. ...


Sunday, 15 September 19
SUPRAMAX / ULTRAMAX: MORE STEMS WERE NOTICED GOING TO VIETNAM FROM INDONESIA - BALTIC BRIEFING
Capesize Overall it was a negative week for the Capesize market, with many routes losing ground.  A limited amount of time charter appeare ...


   3 4 5 6 7   
Showing 21 to 25 news of total 5554
News by Category
Popular News
 
Total Members : 26,537
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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