We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 20 November 18
FREIGHT RATES IN THE CRUDE OIL MARKET HAVE ALREADY PICKED UP OVER THE PAST COUPLE OF WEEKS - YIANNIS VAMVAKAS
 Current geopolitical developments between Iran and the US, which have led the latter to re-impose its sanctions, have significantly affected oil prices over the past couple of months. With Iranian oil out of the picture for many of the main importers, Saudi Arabia and the rest of the OPEC countries have already started to gradually increase their output to cover the demand gap, said Yiannis Vamvakas, Research Analyst of Allied Shipping.
However, he further noted that, these plans were disrupted by a footnote in these most recent sanctions, which stated that several countries (including China, India and Japan) are allowed to continue importing oil from Teheran for a limited time period, but without any specified limitation in the imported volume. It is worth mentioning that China is the biggest importer of Iranian oil. This would essentially leave Iranian production levels to approximately 1.1 million bpd in November and to even higher figures in December. In addition to this, competition from other countries has intensified. Russia has raised its output during the previous months (11.41 million bpd in October), and with further growth being planned for 2019. At the same time, US production is expected to reach to 10.7 million bpd by the end of the year and is set to increase by another 250,000 bpd in 2019. As a result, Brent oil prices, which had reached a four-year high of $86 a barrel in October based on tight supply concerns, have slid back down to $67 now, losing around 21% within a month.
Allied weekly research report further said, with a supply glut on the horizon, Saudi Arabia is now considering proceeding, together with the rest of OPEC members, to an output cut of about 1.4 million bpd, even though Washington asserts that the provision of waivers is a temporary measure. Another interesting aspect of the Iranian sanctions is the possible decision by Teheran to maintain production numbers at high levels, even after the waiver program expires, and use some of the domestic VLCC fleet as floating storage. With a considerable portion of the Iranian tanker fleet out of the picture, market participants can expect a positive impact on the demand for the rest of global tanker fleet despite reports that there are already around 14 inactive Iranian VLCCs.
Moreover, Yiannis Vamvakas said, it is worth mentioning that the average haul should increase, adding further support for freight rates. China will turn its focus to other oil sources with West Africa and Brazil being most likely candidates, increasing the average ton-mile demand significantly. Other Far Eastern countries that are currently under the US waiver program will also change their import business partners with the US being an additional option. However, here we should mention that despite the continuing dredging that takes place in the US Gulf ports, fully loaded VLCCs are still unable to call the majority of ports there.
Freight rates in the crude oil market have already picked up over the past couple of weeks, with the Iranian sanctions being an important factor. Beyond this however, with the northern hemisphere enter into its winter period, the seasonal increases in oil demand that typically take place have also played a significant role in this most recent rally. The Paris-based International Energy Agency (IEA) announced in their latest monthly report that its forecast for global demand growth for 2018 and 2019 have remained unchanged from last month. With some volatility being anticipated due to uncertainty in the oil market, market participants are expecting the positive sentiment to continue for the rest of 2018, as well as the first quarter of 2019. However, with the rate of deliveries expected to be seen within 2019 this current upward momentum trend may well end up being curbed significantly in the long run.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 18 October 18
SUPRAMAX: INDO/WC INDIA SUPRAS ARE FIXING AROUND MID $14000S P/D BASIS SPORE DELIVERY
Capesize
The volatile Cape market continues this week, especially in the Pacific says Fearnleys in its latest weekly report.
...
Thursday, 18 October 18
COAL SHORTAGE HITS POWER SECTOR AGAIN; HOW INDIA CAN GET ITS PRODUCTION RIGHT - ANIL SWARUP
By convincing states of the value proposition of increased production, the record production of Fy15 & Fy16 can be emulated.
The ...
Thursday, 18 October 18
CHINA POWER REFORM NEUTRAL ON GRIDS, PRESSURES IPP MARGINS - FITCH RATINGS
China's power sector reform has a broadly neutral impact on transmission grids although it will pressure the power producers' margins, says ...
Wednesday, 17 October 18
ESCROW SERVICE FOR BALTIC MEMBERS NOW LIVE
The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is ...
Wednesday, 17 October 18
SHIPPING MARKET INSIGHT - TIMOS PAPADIMITRIOU
In the last three months approximately 72 tankers changed hands involving ships larger than 33kdwt up to VLCC. 43 of those vessels had to do ...
|
|
|
Showing 1586 to 1590 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- PTC India Limited - India
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- The Treasury - Australian Government
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- MS Steel International - UAE
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Planning Commission, India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Australian Coal Association
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
|
| |
| |
|
