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Wednesday, 05 February 20
MARKET INSIGHT - INTERMODAL
 The oil and gas industry benefitted from a strong and solid ground in the previous year. We witnessed a slow but steady increase in bunker’s prices that led, after a very long time, in large oil producers rethinking the revival of old and the beginning of new projects, which provided an opportunity for owners to charter their vessels in a healthier offshore business.
This positive momentum of the aforementioned increase in bunker’s prices continued up until recently and was largely affected by two main reasons. Initially, OPEC member countries agreed with Russia to extend oil supply cuts by an additional 500,000 barrels a day through the end of March 2020. Secondly and even more significantly, more than 5 percent of Saudi Arabia’s daily global oil production was disrupted as a result of the unexpected attacks on the country’s oil facilities.
Following these events, the price of Brent crude oil surpassed $70 per barrel this year while many expected the commodity to reach even higher levels as everything pointed out that we were moving towards a “cold-war” between U.S.A and Iran. However, the intervention of other countries denied bunker prices another leg up, with oil gradually slipping back to low $50 per barrel.
It is worthwhile mentioning that during the previous year the market benefitted from healthy activity as far as activity in projects and charter requirements for offshore vessels delivered to West Africa, United Arab Emirates and India Region were concerned, while in terms of the number of reported second-hand deals of AHTS/PSV units, buyers appetite grew significantly during that period. Along the same lines, scrapping activity remained firm, pushing as a result prices for secondhand OSV vessels up by 40% in some cases, while tonnage supply came down as a result and distressed deals started becoming scarce.
However, as 2020 kicked off, market momentum started to wane and uncertainty currently prevails in the market. Even if the long-awaited trade agreement between the US and China was finally signed, the positive spill overs will probably not be felt until later on in the year. In addition, tension in the Middle East last month together with the effects of the coronavirus on global economy and international trade that seem to be worsening day by day, are adding to the lack of confidence among market participants in regards to future oil prices.
Indeed, the first trading day in China, following the New Year holidays in the country, has already seen the local administration imposing tough measures to contain the virus, while many businesses are expected to remain shut in the coming weeks, leaving little room for an imminent improvement both in oil prices and investors’ sentiment.
By Panos Makrinos
Offshore Director
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.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.
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Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
...
Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize
With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...
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Showing 1346 to 1350 news of total 6871 |
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- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- White Energy Company Limited
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Australian Coal Association
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
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