COALspot.com keeps you connected across the coal world
  • JANAURY 2021 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS FIXED AT US$ 75.84 A TON

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


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Tuesday, 25 February 20
SHIPPING UPDATE - ALLIED
AlliedThe positive feeling and optimism for a fresh rally during the first few months of 2020 that prevailed in the tanker markets during the final quarter of 2019 is now looking ever more likely to never materialize.

The drop noted in Chinese oil demand as part of the COVID-19 coronavirus outbreak, as well as several other factors, have all played a part in negatively affecting the market so far. Freight rates are clearly portraying this status quo, as the BDTI has fallen from the beginning of the year by almost 46%, while the average earnings for VLCC, Suezmax and Aframax units have plummeted by around 85%, 68% and 64% respectively, said Allied Ship brokers in its latest weekly report.

According to Allied Ship Broker, with major areas of China being under quarantine, the whole economy has slowed down significantly, affecting among others the demand for crude oil imports. It is estimated that demand has fallen by around 20% so far. The impact has been equally dramatic for the global oil industry, taking under consideration that today China is the biggest oil importer in the world, normally importing more than 10m bpd. This reduction of oil imports has also been reflected in port calls into China, with estimates showing a fall of approximately 20% to 30% noted in February. At the same time, refineries in China, as well as other countries, are slowing down operations in order to adapt to this curb in demand. According to the International Energy Agency, the situation will severely affect the market, with forecasts showing that the world’s demand for crude oil will decline in the first quarter of the year (first time in ten years).

Allied further noted that, the biggest exposure to this decline in demand is to be faced by Saudi Arabia, who is China’s largest supplier. However, this will not be limited there, as the recent “phase one” deal signed between the US and China stating that the latter would purchase from the US an additional $18.5 billion of energy products this year and $34 billion next year is now looking to be ever more an unrealistic target to reach. China may be the most significant headache for investors right now, but this is not the only factor that is dragging down tanker markets. Worries have shifted over to the supply side of the industry as well lately, after the decision by the US administration to lift sanctions off the Cosco Shipping Tanker (Dalian) Co. fleet. As a result, more vessels are now actively trading, during a period were fixing activity is already anemic. Things are however looking to be more positive on the side of oil production, with talks in Libya continuing and with the potential of a deal being reached, leaving for an additional 1 million bpd of crude oil to be introduced back into the market. Meanwhile, the oil rig count in the US, a factor reflecting the production of oil in the country has risen for a 3rd straight week, reaching a total count to 679. As a result, US  shale production is expected to reach a record 9.2 million bpd next month. Adding to this, it is now rumored that both OPEC and Russia will not follow through with any further cuts in oil production right now. Closing on a positive tone, data from China is showing that new coronavirus cases in the country are starting to slow down, with some experts expecting a further decline in the spread growth of the virus taking place by end of March. This means that during the second quarter of the year, we may see a robust correction in the freight market, as importers in China will require to cover the “lost” period of production, leading to a significant temporary ramp up in demand for crude oil and thus for oil tankers.

Allied Shipping Research 
Yiannis Vamvakas
Research Analyst


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...


Friday, 15 January 21
OVER US$50 BILLION IN GAS POWER PROJECTS AND LNG IMPORT FACILITIES AT RISK OF CANCELLATION IN BANGLADESH, PAKISTAN AND VIETNAM - IEEFA
Pakistan and Bangladesh have already cancelled tenders for LNG imports   Emerging markets such as Vietnam, Pakistan and Bangladesh tha ...


Friday, 15 January 21
VIETNAM'S EXTRAORDINARY ROOFTOP SOLAR SUCCESS DEALS ANOTHER BLOW TO THE REMAINING COAL PIPELINE - IEEFA
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year   Vietnam’s solar power indust ...


Friday, 15 January 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...


Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin ...


   1 2 3 4 5   
Showing 6 to 10 news of total 6209
News by Category
Popular News
 
Total Members : 27,258
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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