COALspot.com keeps you connected across the coal world
  • CHINESE COAL PRODUCTION IN OCTOBER ROSE BY 7.6% ON THE YEAR TO 9.8M TONNES/DAY, NATIONAL BUREAU OF STATISTICS DATA SHOWED
  • THE INTERNATIONAL ENERGY AGENCY'S LATEST WORLD ENERGY OUTLOOK (WEO) UPDATE SHOWS THAT, THE ESTIMATED DEMAND FOR COAL IN THE ASIA PACIFIC WILL INCREASE BY 492-MILLION TONNES OF COAL EQUIVALENT BY 2040
  • PTBA'S EXPORTS UP 39% AND ASP UP 13% YOY FOR THE PERIOD JAN - SEPT 2018
  • PT BUKIT ASAM TBK HAS SHIPPED 18.5 MILLION TONS OF COAL TO DOMESTIC AND OVERSEAS FOR THE PERIOD JAN TO SEPT 2018, UP 7.8% YOY
  • THE MEoMR OF INDONESIA HAS REVISED DOWN NOVEMBER 2018 COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS TO US$ 97.90 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

Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...


Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.   ...


Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...


Tuesday, 13 November 18
INDIA: POWER DEMAND UP; COAL STOCKS AT MINES AT A 5-YEAR LOW - FINANCIAL EXPRESS
Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power ...


Monday, 12 November 18
COAL BUSINESS REMAINS PROSPECTIVE - ANTARA
Coal business happened to be sluggish in the 2012-2015 period because coal prices in the world market fell sharply, but it has begun to crawl up si ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5307
News by Category
Popular News
 
Total Members : 25,599
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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