COALspot.com keeps you connected across the coal world
  • MAY 2019 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS EXCEPT POWER PRODUCERS FIXED AT US$ 81.86 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, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
Over the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipp ...


Monday, 22 April 19
COAL INDIA TO ASK POWER PLANTS TO CUT COAL IMPORTS - DNA
Co to encourage import substitution with domestic supplies at power plants   Surge in coal imports has now forced Coal India Ltd (CIL) ...


Thursday, 18 April 19
BIMCO SEES HARD TIMES AHEAD FOR CAPESIZES
China’s increased use of scrap metal for its production of crude steel is fundamentally critical to the dry bulk shipping industry. Mostly Ca ...


Wednesday, 17 April 19
ONCE AGAIN WE FACED WITH THE SITUATION OF THE DRY BALTIC INDEX BEING BELOW 1,000 POINTS - INTERMODAL
Once again we are faced with the situation of the Dry Baltic Index being below 1,000 points. In a market where the feeling of insecurity is almost ...


Wednesday, 17 April 19
LNG WESTERN AFRICA CONFERENCE 2019
The only LNG Focus Platform to Accelerate Investment and Cooperation in Western African Countries   LNG Western Africa Conference 2019 ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5472
News by Category
Popular News
 
Total Members : 26,167
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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