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, 25 July 18
TANKER MARKET INSIGHT - DIMITRIS KOURTESIS
IntermodalWe are now into the second half of 2018, which so far has not been a fruitful year for tankers. With 2020 quickly approaching we need to consider the implications arising from the new fuel directives. 2020 seems to be the year that there will be a noticeable increase in the cost of moving cargo, with the forces driving costs upwards being either scrubbers and/or the increased demand for cleaner fuels.
 
The need for cleaner fuels will not only boost demand for product tankers though. Given the much higher crude oil quantities the production of these cleaner fuels requires compared to HFO, a boost in crude oil demand and a consequent support on crude tanker freight rates appears to also be in the cards.
 
The increase in fuel costs will definitely increase revenues but not profits. Therefore small owners with older, less efficient units, not capable of installing scrubbers, will be forced to either merge with larger companies, who have the cash flow to support financing, or in some cases will have to sell/ scrap and exit the industry. This filtering process will separate companies that managed to evolve and endure through the cycle and concurrently will correct the oversupply of tonnage, which drives rates in some cases well below their operating expenses today. 
 
Vessels equipped with scrubbers or eco units will have a competitive advantage and owners will be able to fix periods at levels including a premium, as charterers will prefer to charter compliant and fuel efficient units. The market right now for a 1 year time charter, medium range non eco / non scrubber equipped tanker trading in clean petroleum products is around USD 13,000 per day. On the other hand, an eco/scrubber equipped unit would get approximately USD 14,500 - 15,000 per day for the same period. 
 
We can identify that the difference of USD 1,500 - 2,000 per day is the premium charterers are paying in order to be 2020 compliant and have efficient units under their time charter. Apart from Ship owners/operators and charterers, it's also quite interesting to see how modern refineries are getting prepared for these changes. According to HSBC's research on IMO 2020, four of the most technically advanced refineries, S-oil, SK Innovation, Reliance Industries and Repsol are further upgrading and investing in their plants. They target to eliminate their HFO production by early to mid-2020. Specifically, SKI will focus on refining only very low sulphur fuel oil (VLSFO). The goal of these refineries is to find themselves in a position where, come 2020, they have substantially decreased– or even better entirely eliminated – the production of HFO.
 
Mr. T. Veniamis on behalf of the Union of Greek Ship Owners, stated that Greek ship owners are working hard to comply with the 2020 requirements (0.5% sulfur cap). He also stressed the importance that these cleaner fuels are – aside from compliant – also safe for both the crew and the ship itself. To conclude, the general sentiment particularly for Owners with units up to MR size without scrubbers, is to patiently wait and plan day by day, as the investment of installing scrubbers on older units may not make financial sense given today’s fundamentals.
By Dimitris Kourtesis
Tanker Chartering 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.

Recent News

Tuesday, 31 July 18
ENERGY MINISTRY REMAINS FIRM ON DMO POLICY FOR COAL - JP
The Energy and Mineral Resources Ministry has stressed that it will not cancel its policy on the domestic market obligation (DMO) for coal, as the ...


Saturday, 28 July 18
GOVERNMENT TO REVOKE COAL PRICE CAP POLICY - JP
The government plans to revise its domestic market obligation (DMO) on coal price next week during a high-level meeting with President Joko “ ...


Thursday, 26 July 18
A SUPRAMAX IS NOW PAID AROUND USD 21,500 FOR LOADING IN THE US GULF WITH DISCHARGE IN THE FAR EAST - FEARNLEYS
Cape There has been a relatively strong summer period so far, and there is a strong week we have left behind us.    In the Pa ...


Thursday, 26 July 18
ASEAN COAL IMPORTS INCREASED IN 2Q' 18 COMPARED TO THE PRIOR YEAR; THIS TREND TO CONTINUE AS 56 GIGAWATTS OF NEW COAL PLANTS IN 24 COUNTRIES WORLDWIDE ARE EXPECTED TO COME ONLINE IN 2018 - PEABODY
Peabody announced its second quarter 2018 operating results, including revenues of $1.31 billion, income from continuing operations, net of income ...


Wednesday, 25 July 18
COAL MINER BUKIT ASAM'S PROFIT GROWS 50% IN FIRST HALF - JP
Coal miner Bukit Asam announced 50 percent profit growth to Rp 2.58 trillion (US$177.33 million) in the first half of 2018, on the back of a coal-p ...


   331 332 333 334 335   
Showing 1661 to 1665 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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