COALspot.com keeps you connected across the coal world

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


Search News
Latest CoalNews Headlines
Wednesday, 07 June 17
MARKET INSIGHT - PANOS MAKRINOS
Intermodal2017 undoubtedly began with very optimistic signs for the future of the Oil & Gas industry on the back of the Vienna Agreement. OPEC and non-OPEC producing countries in November 2016 decided to curtail oil output jointly and ease the global glut after more than two years of persisting low prices that overstretched many economies a big part of which depends on oil production. This long-awaited strategic approach after a long period during which oil prices where trading under $50/bbl – and sometimes even below $30/bbl, was aiming in steadying and eventually strengthening oil prices, which in turn would offer the chance for new offshore Oil & Gas exploration projects to kick off, mainly during the second half of the year.

With the first half of the year ending in a few weeks’ time, we can say that this agreement was successful up to a point, as oil prices have more or less stabilized at around $50-55/bbl up from around $45-50/bbl. The partly successful results have led to a new agreement between OPEC and non-OPEC countries to extend the output cut for further nine months, in other words until the end of March next year.

The fact that the market has finally started to show stability signs, after the beginning of the collapse in oil prices that kicked off in the summer of 2014, as well as that oil producing countries, are jointly working together to successfully support prices and appear committed to keep doing so until that happens, is a positive message for all those currently involved in the industry as well as potential investors.  However and unfortunately so, the Offshore Support Vessel (OSV) market still suffers from oversupply in all types of offshore units. This together with slow demand and lack of profitable offshore projects has had a few significant drawbacks in the industry. Charter rates have reached breakeven levels more than a few times, more than 350,000 industry workers have been led off so far, around 100 offshore units (including resales) are laid up at the moment, big offshore groups have been merging in order to survive and many shipowners have been trying to restructure their loans in order to keep operating.

It is a fact that all those firms involved in the oil & gas exploration industries have been facing a particularly challenging couple of years, focusing exclusively on staying afloat until oil prices and demand recover to a point where the environment of operation becomes attractive again. Surviving during this period has been made possible throughout a number of ways such as the immediate cut of expenses, which comprises of laying up vessels and/or selling older units as well as new and improved business models which include mergers and alliances together with the entry of new technologies that can improve the performance and operation of these models. Lastly, we witness that even the selection of specialized employees is now a process that is taking place with much more diligence than before.

As far as the eventual recovery of the market is concerned, it looks like in the next months we will continue to witness positive sings. Indeed, we have so far seen improved activity in many regions with regards to ocean towages/rigs/exploration projects, which make us hopeful that we have ‘reached’ the bottom and that going forward there is only one way to go and this is up. Saying that, the speed in which the recovery will be reached will determine how many additional “casualties” this crisis will have, with chances of many offshore vessels re-entering lay-up status and some of them, especially the really old ones being sold for demolition.
By Panos Makrinos 
Offshore Director

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.

Recent News

Wednesday, 07 June 17
INDO HBA INDEX SEE LARGEST DROP SINCE FEBRUARY 2017
COALspot.com: Indonesian coal benchmark price decline 9.96% in June, government data showed. The benchmark price of Indonesian thermal coal de ...


Tuesday, 06 June 17
THE FREIGHT MARKET WAS CONTINUE TO TUMBLE THIS PAST WEEK
COALspot.com: The Freight market continued to tumble this past week, as BDI and cape index showed a negative trend week over week. The Baltic ...


Friday, 02 June 17
THE WORLD COAL ASSOCIATION HAS RESPONDED TO THE WITHDRAWAL OF THE UNITED STATES FROM THE PARIS AGREEMENT
“This decision is the result of a failure to build a genuine coalition on climate action that recognises the role of all technologies, includ ...


Friday, 02 June 17
MOL SIGNS COAL TRANSPORT DEAL WITH THERMAL POWERTECH CORPORATION INDIA LIMITED
MOL Signs Coal Transport Deal with Thermal Powertech Corporation India Limited - Contributing to a Stable Power Supply in India - Jun ...


Friday, 02 June 17
U.S THE PAST WEEK'S COAL PRODUCTION ESTIMATE UP 4.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...


   405 406 407 408 409   
Showing 2031 to 2035 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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