COALspot.com keeps you connected across the coal world
  • STRONG JUNE QUARTER MANAGED SALES OF PRODUCED COAL 5.3MT, UP 13% ON PCP - WHITEHAVEN
  • RECORD JUNE QUARTER MANAGED SALEABLE COAL PRODUCTION OF 6.2MT, UP 29% ON PCP - WHITEHAVEN
  • JUNE 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 52.98 A TON

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, 25 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
In the past five months there has been significant activity in the asset market with the dry bulk segment being by far the most volatile in terms of sentiment. The so called work horse of the segment, the Panamax that has been very sought after for a short period, is now slowly losing popularity to the increasingly attractive Supramax. Values have risen and dropped in the blink of an eye along with the number of actual buyers. 
 
On the tanker side, appetite was never subdued. From MRs up to VLCC there is an increasing number of investors that inspect, bid and buy across all segments and ages. If we focus on the most resilient type of tanker, which is the MR2 tanker, we can see that with the exception of June and July, monthly SnP transactions have been in the double digits during the past five months. The table below shows exact numbers. (please find attached)
 
In a total of 61 sales since May, 36 were S. Korean built and 18 were Japanese built. There are no surprises here. Looking at the numbers something interesting to point out is that almost half of these deals concern ships that have been built between 2008 and 2011. So this four year bracket seems to be the sweet spot as far as balancing price and longevity.
 
Autumn is traditionally a period where charter rates tend to increase. With 12 sales having concluded so far in September, we can see the popularity of MR2s remains at full force. Expectations about the 2020 regulations have provided enough reason for buyers to look for ships in order to take advantage of the anticipated increase of cargoes next year. It remains to be seen if this bet will be won. Having said that, the reality is the resilience of MRs has been remarkable. There were times that many thought that the handy MR tankers will be the way forward or the LR2s. So far both predictions failed to hold truth.
 
Going back to the sweet spot of vessels that have been built around 2008-2011, values range on average from low $16.0m for a Korean built in 2008 to low $20.0m for a Korean 2011 built. Anything even one year older sees a drop in the value of more than 10%, whereas candidates built post 2011 are asking for a significant premium above. It seems that the market has indeed created expectations for better days but both investors and banks are still not that bullish in order to bet on younger ships.
 
2020 is just around the corner so we won’t have to wait too long to see how things will unfold and if the 08-11 built vessels will justify their current popularity.
By Timos Papadimitriou
SnP Broker

Compiled by:
Intermodal Research & Valuations


Analysts:
Ms Eva Tzima

Mr.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

Tuesday, 07 July 20
COAL INDIA WORKERS STRIKE CUTS OUTPUT BY 56%: OFFICIAL - REUTERS
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a ...


Tuesday, 07 July 20
WHAT DOES THE PATHWAY TO A NET-ZERO ECONOMY LOOK LIKE FOR MINERS? - WOOD MACKENZIE
Wind, solar, electric vehicles, stationary storage and transmission are all central to achieving the Paris Agreement decarbonisation goals. &nb ...


Monday, 06 July 20
INDONESIAN COAL PRICE REFERENCE IN FREE FALL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down again the benchmark price of Indonesian th ...


Monday, 06 July 20
SUPRAMAX: A 58,000-DWT FIXING DELIVERY VIETNAM TRIP VIA INDONESIA RE-DELIVERY WEST INDIA IN THE LOW $4,000S
Capesize The Capesize market continues to go from strength to strength, as rates reach highs not seen since September last year. The rally is p ...


Thursday, 02 July 20
PRIVATE COAL MINING MAY SEE WEAK INVESTOR SENTIMENT: ICRA - LIVEMINT
The prospects of commercial coal mining in India may be dimmer than initially expected because of the expected shift in India’s energy mix fr ...


   1 2 3 4 5   
Showing 11 to 15 news of total 6000
News by Category
Popular News
 
Total Members : 26,981
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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