COALspot.com keeps you connected across the coal world
  • THE MEoMR OF INDONESIA HAS REVISED DOWN MARCH 2019 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 90.57 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, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
IntermodalIn the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC.  43 of those vessels had to do with traditionally crude carriers and 29 involving ships from 33kdwt up to 78kdwt. As brokers we can say that even if there were twice as many ships available for sale there would still be buyers left hungry for tonnage. The strategy of investing in a low market seems to be in full effect now. Shipowners are willing to purchase and subsidize a tanker for a period of time until better days are on the horizon.
 
So, are better days upon us soon?
 
The same question was asked back in 2016 when the dry market was in trouble and assets were being sold for almost 40% less compared to now. Many back then thought that the market would sink even further. Instead, improving fundamentals and a consequent change of mood resulted in an asset value rally that lasted all the way until the second quarter of 2018.
 
As far as the tanker market is now concerned, the reality is that better days have been anticipated during the past couple of years, with different milestones set for crude and product tankers respectively. The product story, the BWMS system story and the demolition story were some of them, with the last one being tight up mostly to crude carriers that saw an overwhelming increase in scrapping activity. Now the latest milestone is 2020 for the product segment and early 2019 for crude tankers.
 
The product market milestone has a lot to do with the low sulfur regulations and an anticipated need for low sulfur fuel that will render product carriers from - MRs to LR2 (LR3 are also being mentioned a lot also) - the vessels of choice.  On the crude side, things are already looking better every day for the past couple of weeks. Sentiment is positive and ships for sale are scarce, while depending on the resilience of the rates we might actually see a rise on values sooner rather than later.
 
On the other hand there is an abundance of MR candidates of 9 up to 14 years old, Japanese owned and built. Interesting enough we don’t see a lot of Korean built MRs for sale, but that has to do mostly with the profile of owners. Japanese owned ships are usually placed in the market just before their employment expires and with the frequency we see new ships being circulated we can assume that charterers are not very keen to extend employment. A plethora of ships usually leads to lower prices as buyers have the tendency to either wait or offer less than the last done reported deal when supply is ample. Either way the product segment is trailing its crude counterpart, at least for now when it comes to sentiment.
 
It seems that the market is bottoming out and depending on the respective strategy of each owner there is a variety of opportunities to invest. As it is always the case when a sector has suffered bad earnings for a prolonged period of time, resulting in diminishing asset prices, buyers can assess easier the market as when to invest, and now more than ever it is a buyers market.
By Timos Papadimitriou
SnP Broker
 
Compiled by:
Intermodal Research & Valuations


Analysts:
Ms Eva Tzima

George Panagopoulos


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, 18 March 19
A 56,000DWT SHIP FIXED DELIVERY FOR A SINGAPORE TRIP VIA INDONESIA, RE-DELIVERY CHINA, AT $10,000 - BALTIC BRIEFING
Capesize The Baltic Capesize market shrugged off its recent negative sentiment to post daily incremental improvements over the last week. Pacif ...


Saturday, 16 March 19
AUSTRALIAN COAL STILL FACING CHINESE DELAY - AAP
Australian coal exports to China are still facing delays, with protectionism and environmental checks blamed for the slowdown.   Coal ...


Thursday, 14 March 19
SUPRAMAX: INDO COAL CARGOES GETTING FIXED AT AROUND US$ 12000 TO CHINA - FEARNLEYS
Capesize Average daily earning still well below operating costs, and owners keep bleeding - but nevertheless finally some bright spots for the ...


Monday, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
Capesize A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in ...


Friday, 08 March 19
KOMIPO INVITES BIDS FOR 2.6 MILLION TONS OF AUSTRALIAN 5700 NAR COAL FOR FIVE YEARS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Australian origin to be burnt ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5422
News by Category
Popular News
 
Total Members : 25,955
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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