COALspot.com keeps you connected across the coal world
  • THE BANGLADESH-CHINA POWER COMPANY HAS SIGNED A DEAL TO IMPORT COAL FOR PAYRA POWER PLANT WITH PT BAYAN RESOURCES
  • JUNE 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.48 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, 20 June 19
BUMI RESOURCES EXPECTS TO SELL 42 MILLION TONS OF COAL IN FIRST HALF - JAKARTA POST
PT Bumi Resources (BUMI), Indonesia's largest thermal coal miner, expects to close the first half of this year with coal sales of 42 million to ...


Tuesday, 18 June 19
TANKER SHIPPING: WHILE WE WAIT FOR 2020 TO KICK IN, IT'S ALL ABOUT POLITICS - BIMCO
Demand drivers and freight rates Iran, Libya and Venezuela face export limitations because of sanctions and internal political troubles. At the s ...


Saturday, 15 June 19
SUPRAMAX: A 58,000-TONNER, OPEN QINGDAO, WAS BOOKED TO REDELIVER IN EAST COAST INDIA AT $6,500 - BALTIC BRIEFING
Capesize The market closed on a quiet Friday last week after a few hectic days of mid-week trading. Trade routes from Brazil to the Far East we ...


Friday, 14 June 19
PANAMAX: OUTLOOK IS MIXED - FERNLEYS
Capesize Sentiment changed to a more nervous tone as pacific cargo volumes failed to deliver as expected, however latest activity indicates res ...


Friday, 14 June 19
ELECTRONIC (PAPERLESS) TRADING - SKULD
KNOWLEDGE TO ELEVATE Electronic Shipping Solutions: Bolero International Ltd, E-Title Authority Pte Ltd, Global Share S.A. (edoxOnline platfor ...


   1 2 3 4 5   
Showing 1 to 5 news of total 5490
News by Category
Popular News
 
Total Members : 26,248
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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