We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 17 January 18
SHIPPING MARKET INSIGHT - INTERMODAL
 As we are now well into the first month of 2018, the mood across the entire offshore industry undeniably remains rather positive following the oil price rally that has now brought the commodity at a three-year high, while the highest monthly average during the same period was achieved during December.
It is now a rather wide market expectation that prices will remain at satisfactory levels in the following months, with $60/barrel currently considered a strong resistance level prices won’t easily go below of. The driving forces of the oil price momentum have been the much publicized OPEC policy – and its most recent extension - the weakening of the USD and of course healthy global oil demand being sustained.
There are also of course those who are less optimistic out there. Their expectations call for a $10-15/barrel correction taking place in the next months, mainly arguing that supply and demand fundamentals do not really support the price the commodity has reached and that the levels of the past month in particular are rather unrealistic.
Oil prices have always been one of the most crucial factors influencing the course of the entire offshore industry and most specifically the offshore drilling activity/gas exploration industry, which in turn shape the fate of all offshore units ranging from oil rigs to PSV and AHTS.
After all, let us not forget that one of the main reasons that the main reason behind offshore units being laid up or sold for scrap or converted as of the end of 2014, was no other than the steady decline of oil prices back then, which eventually laid to the re-consideration and sometimes the cancellation of a number of drilling projects that were upcoming back then.
2017 was undeniably a better year for the offshore drilling market, with both day rates and utilization rates improving – marginally indeed but improving nonetheless. A number of SnP transactions were also recorded as far as oil rigs are concerned and several company acquisitions took place as well, with that of Songa Offshore being acquired by Transocean Ltd being one of the most important. Additionally, more than 60 oil rigs were scrapped or retired, which means that a bit of the oversupply weight has slowly started being lifted during the past months.
Despite the above mentioned improvements and activity, the reality is that the Deepwater drilling market is still dealing with oversupply, far from healthy day rates and a big lack of commitment on behalf of major oil companies as far as long term investment projects are concerned.
Therefore the question that comes to mind is what should we expect for this year. Most of the optimism at this stage is stimulated by South America and more specifically Brazil, where a number of Petrobras tender requests for rigs and offshore units are expected to take place this year, while not very far from Brazil, there are additional optimistic signs coming from countries like Argentina and Peru, where substantial drilling activity/number of projects are expected to come on line/take place in the following years.
Hopefully the above will bring further improvement in the market and lay the ground for truly healthy fundamentals in the next couple of years.
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.
|
|
Monday, 31 October 16
INDONESIAN 5000 GAR COAL ROSE 5.56% WEEK OVER WEEK - CS COAL INDEX
COALspot.com: The price for thermal coal has recovered substantially since April 2016. The China’s new policy on its domestic coal miners, th ...
Friday, 28 October 16
STEAM COAL IMPORTS: CHINA AND INDIA'S ROLE REVERSALS - BEN TRIMMEL
While a sharp decline in European imports is a key driver of the expected fall in steam coal trade this year, China and India remain leading actors ...
Friday, 28 October 16
U.S. WEEKLY COAL OUTPUT ROSE DURING THE WEEK ENDING OCTOBER 22 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 27 October 16
73.08 PERCENT OF COAL PRODUCERS PREDICTED INDIA WILL NOT STOP COAL IMPORTS IN 2 TO 3 YEARS - POLL
COALspot released its weekly opinion poll "How likely do you think India will STOP thermal coal imports in 2-3 years?" this Monday.
...
Thursday, 27 October 16
PANAMAX: FIRM ATLANTIC; TOPPISH PACIFIC - FEARNLEYS
Supramax
The trend from last week is passed on. ECSA still strong with Supras from N Brazil to Med fixed at $9,000 to $9,500 daily.
Accordin ...
|
|
|
Showing 2236 to 2240 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- The University of Queensland
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Central Electricity Authority - India
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Iligan Light & Power Inc, Philippines
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
|
| |
| |
|
