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, 29 May 19
SHIPPING MARKET INSIGHT - INTERMODAL
IntermodalReflecting on the first quarter of 2019, the product tanker market was healthy, with average earnings significantly up compared to the first quarter of last year. However, the strong start of the year has been followed by a seasonal softening. Despite the 10% fall of the clean spot MR earnings in January (m-o-m basis), the earnings averaged at mid teen levels. The opening of some arbitrage windows, like the East to West movement of naphtha cargoes, healthy trade patterns in general and a solid growth in US exports were the main driving factors.
 
During February, the market eased back with the Chinese New Year holidays rendering a very quiet market in the East; however, average earnings for the first two months were still a lot higher compared to the same period in 2018. In March, unplanned refinery outages in the US, led to increased gasoline imports to the East and West Coast US, while West Africa’s demand growth also contributed in what was a strong earnings’ month in the western hemisphere. In the East, Middle East’s and India’s improvements stand out, with demand for Indian coastal business opening up to non-Indian flag ships.
 
Indicatively, below are the earning figures of some major product tanker owners in all sizes combined, for the first quarter of 2019. SCORPIO achieved average rates of $18,570/day, TORM achieved average rates of $17,949/day while Damico’s blended TCE was $14,057/day.
 
Being always a good indicator for spot market expectations,  the one-year-time charter rates for the MR size  have been gradually improving, settling at the end of Q1  at around $14,000/day and $15,500/day for conventional and Eco MRs, respectively.
 
As far as Q2 is concerned, April and May saw a slowdown for most of the product tanker markets, while LR2 earnings have remained relatively flat. A major factor of this slowdown has been the seasonal refinery maintenance in Europe, US, Middle East and Asia, which is currently at its peak.
 
The remaining segments experienced a fall in spot earnings and with Owners remaining bullish on TC rates, period business activity slowed down as charterers were assessing the earnings potential going into next year.
 
Looking forward, many tanker market participants have strong faith that certain short term and longer term fundamental developments will act as game changer for the product tanker market. Much has been said about the increase in refinery capacity and the new IMO 2020 regulations that will push the market to improved levels in the coming years, with some expecting to see this uptrend starting as early as in the second half of 2019.
By Stelios Kollintzas
Tanker Chartering Broker

Compiled by:
Intermodal Research & Valuations


Analysts:
Ms Eva Tzima

George Panagopoulos


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

Thursday, 24 October 19
AUSTRALIA'S HOPES TO EXPAND COAL EXPORTS IN SOUTH-EAST ASIA 'DELUSIONAL', EXPERTS SAY - THE GUARDIAN
The number of new coal-fired power plants starting construction across south-east Asia has fallen markedly over the past two years as Australia has ...


Thursday, 24 October 19
PANAMAX: NEGATIVE SENTIMENT IN THE MARKET AS IT CONTINUES TO WEAKEN - FEARNLEYS
Capesize The market has continued to slide the last week, as lack of fresh requirements and a slight oversupply of tonnage heading towards Sout ...


Wednesday, 23 October 19
CHINA'S 2019 COAL IMPORTS SET TO RISE MORE THAN 10%: ANALYSTS - REUTERS
China, the world’s top coal buyer, is on track to boost imports of the fuel by more than 10% this year, traders and analysts said on Tuesday, ...


Wednesday, 23 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
Moving closer to the end of the year, we are facing what the market was expecting for quite a while, the ship repair sector booming with the shipya ...


Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Ev ...


   259 260 261 262 263   
Showing 1301 to 1305 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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