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, 24 April 19
SHIPPING MARKET INSIGHT - IS THIS A BANKERS' MARKET? - INTERMODAL
IntermodalOver the last 10 years, many of the traditional and top lending banks have made the decision to either downsize their portfolios or even exit shipping. According to Petrofin, Top 40 shipping banks’ lending has fallen since 2008 by 25%, whilst at the same time the world fleet has grown by 28%.  On top of this, out of the banks that have decided to stay in the game, not all of them have the strength, the budget and the competitive terms to do so. As a result, the availability of financing for small-medium size companies has become a scarce, hence a luxury good. In other words, even when there is available financing for these companies, its cost is really prohibitive. 
 
Apart from the banks’ endogenous and structural issues, their shipping departments also need to decide where to allocate their budget. In an era of growing LNG demand, numerous large shipping firms invest in the very capital intensive LNG carriers. Most of the large banks are there to support their very good clients. However, this means that a big percentage of their budget (and resources in general) end up to the LNG carriers’ financing, i.e. not much budget left for the remaining sectors/shipping projects. So, when these banks are left with a limited budget to spend, they become very selective and of course their pricing goes up as the list of the waiting finance projects is significant. 
 
But what about the alternative ways of financing for the small and medium size companies? Asian leasing has indeed filled part of the gap that was created with the traditional banks’ exit, however, again this is available for owners with larger fleets and bigger ticket sizes. Public markets have been quiet regarding shipping in general; bond markets again require significant size. Therefore, the small companies are left with the option of the so called alternative financing. Private equity and hedge funds do have the funds to invest, but this only happens when they get the return of capital that they require; given that this most of the times is a double digit figure, then the capital cost for the small/medium ship owners increases dramatically. 
 
There are quite a few new European banks that have joined ship financing – whose pricing sits in between the one of the traditional banks and that of leasing – however, their current budget is nowhere near to filling the gap that was left after the departure of the big banks.   
 
Therefore, small-medium size shipping companies struggle to find competitive finance terms. Someone may argue that this had always been the case, however, in today’s ship finance market it is evident that the financing of small-medium size shipping companies is not the banks’ first priority, which should not be the case given the performance of such companies during recent years. Indeed, many small-medium size companies have proved their top quality and professionalism by not only surviving the crisis but also by getting back into expansion mode. There are many ship-owning companies falling into this category. Indicatively, only in Greek shipping there are more than 150 companies that own 3-15 bulk carriers, of more than 28,000 dwt and younger than 17 years old.  A big percentage of these companies are long standing and solid companies; however, face the above finance issues. 
 
This is the clientele that will provide the bank with projects of good credit quality and at the right pricing and therefore should be the one attracting the attention of ship financiers if they wish to make their business efficient and dynamic again.
By George Laios
Deputy CEO, Intermodal Group

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 ...


   2 3 4 5 6   
Showing 16 to 20 news of total 5506
News by Category
Popular News
 
Total Members : 26,328
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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