We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 01 June 16
MARKET INSIGHT - LINOS KOGEVINAS
 In another page from this year’s oil drama, oil has, after a series of gains, rebounded to ~$50 / barrel and immediately stopped climbing. Following a number of unsuccessful efforts by OPEC and non-OPEC members to limit production during the past year, the group is meeting again this coming Thursday in Vienna in order to discuss future production policy. However, there are doubts concerning the likelihood of any such potential agreement taking shape this time round either.
With oil having gained about a third since January 2016, some of the pressure on OPEC members should have been alleviated. This is just as well since, with Iran firmly resisting OPEC’s prompts to limit production and pumping at pre-sanction levels ,(Production: 3.56mb/day, exports: 600kà2mb/day) there is little, if any, hope in them coming to an agreement with the other members. While at least 8 members would conceivably support a production cut, it is the players controlling the larger parts of the market share that will have the final say in any policy change.
At the same time, Saudi Arabia is continuing the path set out in November 2014 and is seemingly moving towards a less oil-centric economy under the recently announced Saudi Vision 2030 plan. The recent replacement of Ali Al-Naimi is a step in the same direction. With the recent hike in prices, Saudi Arabia has few reasons to consider a change in a policy that has been instrumental in squeezing out higher-cost producers. Under a scenario like today’s, Saudi Arabia may well accept lower oil prices as it would minimize the opportunity cost of diversifying away from oil. It is difficult to imagine the Saudis veering away from their established strategy. Similarly, Iraq has also boosted production by 40% since 2014 and is exporting at near-record levels.
The smaller OPEC members are divided in their support based on how their economies have been affected by the oil price drop. Countries such as Algeria, Ecuador and Venezuela whose economies are dependent on high oil prices are calling for a production freeze, while others such as Indonesia and Kuwait have instead declared their intention to increase production significantly.
The effect of the price hike on US producers is worth noting. The $50 barrier was perceived by the market as a level around which a number of US producers would consider restarting their rigs, something that did happen last year during a similar increase from $50 to ~$60. However, the increase was not sustainable then and it is reasonable to assume that US producers will be wearier to restart production now.
All in all, there are few expectations for any meaningful change in policy after Thursday’s meeting, with most analysts seeing no incentive for the stronger OPEC members to cooperate or converge on their policies. While an output freeze a few months ago had started to appear like a potential outcome, the increase in prices in the meantime along with the hardening of the Saudi and Iranian stances has severely reduced the chances of such a development. As seen during the past two years, shipping can, especially during a weaker market, be greatly affected by changes in oil prices. Let’s not forget how the commodity’s price performance took everyone by surprise back in 2014 and let’s hope that whatever the oil market developments in the following months, the positive momentum of this period remains in effect.
By Linos Kogevinas
Marketing—Harbour Towage & Port Agency
Cotzias Intermodal Shipping Inc.
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
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.
|
|
Monday, 02 May 16
INDIA'S GANGAVARAM PORT SETS ALL INDIA RECORD FOR NON-COKING COAL DISCHARGE
COALspot.com: Gangavaram Port, the deepest and the most modern port in India, has created yet another historical milestone record by discharging 15 ...
Monday, 02 May 16
CS (I) 5000 GAR COAL INDEX CLOSES 0.11% HIGHER, 5700 GAR COAL RISES 0.07% W/W
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.28 percent week over week to averaging $38.78 per ton on this past Friday, acco ...
Monday, 02 May 16
FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
Saturday, 30 April 16
40 YEARS OF HANDLING COAL AT THE BTW IN WILHELMSHAVEN UNDER THE RHENUS FLAG
Press Release: The first bulk carrier with coal on board docked at the Bulk Terminal Wilhelmshaven (BTW), which is operated by Rhenus Midgar ...
Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...
|
|
|
Showing 2451 to 2455 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Aditya Birla Group - India
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Oldendorff Carriers - Singapore
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Maheswari Brothers Coal Limited - India
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
|
| |
| |
|
