COALspot.com keeps you connected across the coal world
  • KOMIPO INVITES BIDS FOR 260,000 MT OF MIN. 5700 KCAL/KG NAR COLOMBIAN COAL FEB-MAR 2020 LOADING. BID SUBMISSION ON OR BEFORE 1400 HRS ON NOVEMBER 22, 2019 (KST)
  • EIA FORECASTS THAT U.S. COAL PRODUCTION IN 2020 WILL TOTAL 607 MMST APPROXIMATELY 19.70% DECRESAE FROM THE 2018 LEVEL
  • EIA EXPECTS TOTAL U.S. COAL PRODUCTION IN 2019 TO TOTAL 698 MILLION SHORT TONS (MMST), AN 8% DECREASE FROM THE 2018 LEVEL OF 756 MMST
  • EIA EXPECTS U.S. STEAM COAL EXPORTS TO FACE INCREASING COMPETITION FROM EASTERN EUROPEAN SOURCES, AND THAT RUSSIA WILL FILL A GROWING SHARE OF STEAM COAL TRADE, CAUSING U.S. COAL EXPORTS TO FALL IN 2020
  • NOV 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 66.27 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, 06 March 19
SHIPPING MARKET INSIGHT - INERMODAL
IntermodalIn a downward moving market, softer SnP activity is usually a given, as the gap between Sellers’ and Buyers’ ideas widens, especially when the drop in rates takes place in a relatively short period of times, which was the case recently. Aside from the levels of the market and the respective number of deals as this is depicted in the table below, what might be even more interesting to look at is whether in these cases asset prices also moved in tandem with SnP activity and to what degree.
 
In the case of the 28kdwt Japanese Handy, the number of sales during the first two months of 2017 was more than double compared to the same period this year. Two years ago a 2006 built vessel was valued at high USD 5 million, while the same amount of money will today get you a 2004 built vessel –four years older – even though the BHSI is around the same levels.
As far as Supramax SnP ytd activity is concerned, this is decreased around 30% compared to 2017, while prices are today at relatively higher levels. Indeed, a 57k dwt 2011 Chinese built vessel was valued at around mid- USD 9 million back then, while a 57k dwt 2011 Chinese built Supra was fixed today for high- USD 9 million.
 
The fact that a very bad year preceded Q1 2017 certainly allowed for more deals back then, with Buyers being hungry for tonnage, after the market had finally started to move up, and Sellers being “exhausted” following many challenging months and ready to accept lower levels. In trying to offer an explanation for the price resistance one could say that  Buyers could be already cashing in an extended recovery in rates (after all earnings have already been improving for all other sizes but Capes), which renders them more aggressive in securing tonnage in a market that had already seen a number of candidates being withdrawn.
 
 So the anxiety that this could be a window of opportunity to invest that could be soon closing as the market recovers plays a significant role in supporting asset prices. Many are indeed expecting that prices will not adjust accordingly to today’s rates and that positive freight performance from a point onwards will eventually result in even higher prices, which in retrospect will render todays levels as the window of opportunity.  So maybe it is time to redefine what “window of opportunity” means and whether this is a short term correction in prices compared to the very recent past or a longer period during which asset prices align with earnings.
By Nassos Soulakis
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, 14 November 19
EIA EXPECTS U.S. STEAM COAL EXPORTS TO FACE INCREASING COMPETITION FROM EASTERN EUROPEAN SOURCES
EIA expects total U.S. coal production in 2019 to total 698 million short tons (MMst), an 8% decrease from the 2018 level of 756 MMst. The decline ...


Wednesday, 13 November 19
INDONESIAN NOVEMBER COAL PRICE REFERENCE LOGS FIRST GAIN SINCE AUGUST
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...


Wednesday, 13 November 19
SHIPPING MARKET INSIGHT - INTERMODAL
The improvements seen in the dry bulk market during the unexpectedly strong Q3 brought enthusiasm and optimism for a last quarter rally. Indeed as ...


Tuesday, 12 November 19
COAL IMPORTS AT MAJOR PORTS SLIP 18 PC TO 51 MT IN APRIL-OCTOBER - ECONOMIC TIMES
The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report, said "percentage variation fro ...


Monday, 11 November 19
EMINENT MARITIME ORGANIZATIONS AND INDIVIDUALS WERE HONORED
SHIPTEK 2019 Anchors in Greece for its 12th edition. Eminent Maritime Organizations and Individuals were honored   Greec ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5581
News by Category
Popular News
 
Total Members : 26,609
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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