We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 11 October 17
SHIPPING MARKET INSIGHT - TIMOS PPADIMITRIOU
 With the majority of second-hand tonnage transactions taking place in the dry bulk sector it’s easy to lose sight of what is happening over at the tanker side and for a good reason. Things have been mostly quiet for the last seven months with the exception of short periods of increased activity during the summer months.
The tanker market has evolved into a market that requires fast reflexes. Cycles are becoming shorter, usually lasting 16 to 18 months, thus creating a sense of uncertainty as far as when to off load a respective asset or invest in tonnage.
Taking into consideration that tankers assets are depreciated differently compared to bulkers and how oil majors can influence trends as far as buying, selling and contracting tonnage, it is very common to witness price irregularities on the transactions within the same time period.
Electric cars, MGO regulations, developing economies, clean and renewable energy policies and last but not least the “Paris climate Accord”, all play a part on the everlasting and ongoing discussion of what the influence on tanker demand and supply will be. If you add to the mix the BWTS regulations that will eventually start being implemented even after the latest extension, then making an educated guesstimate on how to position one’s self as an investor, demands nerves of steel and a strong stomach.
Despite all of the above there has been some appetite for tonnage. Buyers do emerge from time to time looking for tonnage built anytime; from late ‘90s crude units up to 4-3 year old MRs and LRs. Of course the demand for tankers is not anywhere close to that for dry bulk tonnage, but there is no shortage of investors willing to buy especially on the product side.
The MR segment was rendered doomed a few years ago due to a rather large order book, but overall the segment has demonstrated impressive resilience despite the current dip on hire rates. Now the same concern is raised for crude ships and for the same reason. Again time will tell.
Regulations will have an effect on older tonnage where the cost of retrofitting the required equipment could defeat the purpose, eventually leading to the removal of ships from the water. Now considering that ordering has been in check for the last 2 years, the prospects of the next 2-4 years don’t look so bad especially for the younger tonnage.
As far as the near future is concerned and as it has been more than a few months that the market has remained under pressure, the expectation that better days will soon come doesn’t appear very unrealistic. In fact the majority of market participants have been widely adopting the idea that signs of recovery will start being visible sooner rather than later.
This provides sellers the appropriate confidence to resist lowering their ideas. Buyers on the other hand don’t feel that prices need to be a lot lower than where they are now. Overall at this stage buying tonnage does not seem as a bad move. After all investing in a slow market is never considered to be a hasty move.
By Timos Ppadimitriou
SnP Broker
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.
|
|
Thursday, 14 September 17
KOMIPO INVITED BIDS FOR 5700 NAR BITUMINOUS COAL FOR BORYEONG POWER PLANT; 390K MT FOR NOV LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 390,000 Metric Tons of Bituminous coal ...
Wednesday, 13 September 17
U.S. COAL EXPORTS FOR THE FIRST SIX MONTHS OF 2017 WERE 55% HIGHER COMPARED TO THE SAME PERIOD IN 2016 - EIA
COALspot.com: EIA expects the share of U.S. total utility-scale electricity generation from natural gas to fall from an average of 34% in 2016 to a ...
Wednesday, 13 September 17
SOME THOUGHTS ON NORTH KOREA, US & CHINA - THEODORE NTALAKOS
The trade volume between North Korea and China is more than $5 billion per year. 83% of North Korea's exports end up in China; similarly, about ...
Tuesday, 12 September 17
NEWCASTLE FOB PRICES ROSE STRONGLY AND ARE NOW THREATENING TO BREAK THROUGH US$100/T - DANIEL HYNES
COALspot.com: The rise in crude oil market supported further gains in thermal coal, says Daniel Hynes Senior Commodity Strategist at ANZ.
Acco ...
Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...
|
|
|
Showing 1941 to 1945 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- The University of Queensland
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
|
| |
| |
|
