COALspot.com keeps you connected across the coal world
  • SEPTEMBER 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 49.42 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, 05 September 20
INDIA WON'T KICK ITS COAL HABIT SO EASILY - HINDU BUSINESS LINE
India has traditionally considered itself lucky to have been endowed with abundant coal reserves, which it has sought to use to meet its energy nee ...


Saturday, 05 September 20
FINANCING COMPLETE FOR 900MW FIFTH PHASE OF MASSIVE DUBAI SOLAR PARK: ARABIAN BUSINESS
Saudi-based ACWA Power on Thursday announced it has completed the signing of all financing agreements for the fifth phase of the Mohammed bin Rashi ...


Saturday, 05 September 20
POLISH COAL DEMAND EXPECTED TO FALL BY 7 MLN TONNES NEXT YEAR: MINISTER - REUTERS
Poland’s demand for coal is expected to fall by around 7 million tonnes next year, or more than 10% of annual hard coal production, after a d ...


Saturday, 05 September 20
PAKISTAN'S NEW 27-YEAR POWER PLAN RISKS LOCKING IN LONG-TERM OVERCAPACITY, LEAVING IMPORTED COAL AND LNG PLANTS STRANDED - IEEFA
Wind and solar, the country’s cheapest source of new generation, also overlooked   Pakistan risks locking itself into building m ...


Friday, 04 September 20
IN A DEEPENING DEBT HOLE OF $34 BILLION, INDONESIA’S PLN MUST STOP DIGGING - IEEFA
The utility has added IDR100 trillion in debt annually for the last five years Utilities globally started changing the way they do business ye ...


   2 3 4 5 6   
Showing 16 to 20 news of total 6093
News by Category
Popular News
 
Total Members : 27,092
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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