COALspot.com keeps you connected across the coal world
  • JULY 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 71.92 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, 27 March 19
SHIPPING MARKET INSIGHT - INTERMODAL
IntermodalContrary to the December 2018 forecasts but in line with the expectations of the dry bulk market, the first quarter of the year closed negatively. The BDI index decreased by around 50% from mid-December until the end of January and moved to the ytd low of 595 points on 11 February. Although a moderate drop was expected – having become a “seasonal phenomenon”, with subsequent losses before and during the Chinese lunar year – the magnitude of the decline in rates and indexes was largely unexpected.  Moreover, the extended Capesize weakness continues to keep the BDI below 700 points despite the fact that earnings for the rest of the sizes have substantially recovered in the past weeks.
 
As was expected, in a period of three months with low freight rates, asset prices were also affected. However, naturally, the decrease on assets did not equal the decline of the freight rates. In the Capesize sector, it is notable that within the first quarter of 2019, there were no SnP transactions. Owners of the specific segment, despite having witnessed a dramatic fall in rates are so far showing resistance.
 
In the Panamax sector, the ‘TAURUS OCEAN’ (78,819dwt-blt ’08, Japan) was sold last November for a price in the region of $14.5m, while a few days ago it was reported that the ‘ATLAS B’ (76,554dwt-blt ’08, Japan), was sold for a price in the region of $12.1m, similarly resulting to a 17% decrease.
 
The smaller decline of asset prices can be observed in Supramaxes of around 10 years old. The ‘OCEAN COLOSSUS’ (58,831dwt-blt ’10, Japan), was sold at end of December for a price in the region of $15.5m, while her identical sister ‘KOREAN LILY’ (58,713dwt-blt ’10, Japan), was sold two weeks ago for a price in the region of $14.2m, indicating only a 8% decrease.
 
There is greater asset price elasticity for Handysizes than that observed in Supramaxes. Indicatively, the ‘ASIAN BEAUTY’ (28,218dwt-blt ’11, Japan) was sold last November for a price in the region of $9.5m, while a sister vessel, the ‘TOKOMARU BAY’ (28,258dwt-blt ’11, Japan), was committed a few days ago for a price in the region of $8.2m, indicating a 14% decrease.
 
It should be noted that the aforementioned comparisons are indicative and do not accurately represent the exact asset price decreases across segments. They do, nevertheless, offer us an indication of the underlying pricing trends, coupled with how prices fared in the past few months. 
 
The slow market recovery to pre-Christmas levels or similar, does not seem to be creating such a big concern in the SnP market. Despite the discounted rates, SnP activity remains elevated overall even though sellers have shown greater than expected resistance. There appears to be a positive sentiment generally, resulting in many ship-owners buying low or replacing older tonnage with more modern units. All in all, there is some optimism that there will be an increase of freight rates in q2 and q3, as indicated by charterers asking for vessels for period charters in far better levels compared to the spot market.

By Konstantinos Kontomichis
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

Wednesday, 26 June 19
SHIPPING MARKET INSIGHT - INTERMODAL
As the first half of the year is almost over, it is worth looking back at the sale and purchase activity during these months, focusing on the segme ...


Tuesday, 25 June 19
THERMAL COAL FUTURES ON THE ZHENGSHOU EXCHANGE ROSE - DANIEL HYNES
Coal markets were buoyed by ongoing supply side issues.    According to Daniel Hynes, Senior Commodity Strategist of ANZ, the the ...


Monday, 24 June 19
KOMIPO INVITED BITUMINOUS COAL BIDS FOR BORYEONG & SHIN BORYEONG POWER PLANTS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 260,000 MT MT of min. 5700 NAR coal and 240,000 MT of min. 4,600 k ...


Sunday, 23 June 19
SUPRAMAX: A 56,000-DWT WAS FIXED FROM INDONESIA TO VIETNAM AT $10,000 - BALTIC BRIEFING
Capesize The story over the past week has been largely Atlantic dominated as the basin’s uniquely volatile characteristics came into play ...


Saturday, 22 June 19
OPEC'S BATTLE FOR CONTROL OF THE OIL MARKET - WOOD MACKENZIE
Oil supply is confounding expectations. We have just raised our forecasts for non-OPEC production, the latest in a series of incremental increases. ...


   1 2 3 4 5   
Showing 11 to 15 news of total 5507
News by Category
Popular News
 
Total Members : 26,333
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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