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
Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
BIMCOCrude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China dropping 68% in just nine days (from USD 222,591 per day on 22 April to USD 71,885 per day on 4 May). In the same period, daily VLCC earnings from the Middle East Gulf to the US Gulf have plunged nearly 80% (from USD 162,433 per day to USD 36,249).
 
The window of extraordinary earnings closed at the end of April with the OPEC+ oil production cuts of 9.7 m/bpd on 1 May, reducing the flood of oil in the market. The tanker market is now challenged by a collapse in oil demand as a result of the coronavirus outbreak.
 
The oil supply and demand shocks of 2020
 
The oil tanker market has enjoyed a paradise of profitability, but very much on borrowed time since the outbreak of the oil price war. As the oil supply shock abates, the effect of the unprecedented oil demand shock, estimated to be a drop of 23.1 m/bpd in the second quarter (source: IEA), will set in.
 
Perhaps, second only to a coronavirus vaccine, oil storage has been the most sought-after item in recent months. This has been reflected in the skyrocketing crude oil tanker time-charter rates brought about by oil suppliers and traders seeking to charter ships for floating storage.
 
The uptick in floating storage in 2020, temporarily removing capacity from the market, is not expected to provide a silver lining that can offset the faltering demand and overcapacity. One can only hope that the strong earnings have fortified the cash reserves of oil tanker companies for the treacherous months that lie ahead.
Source: BIMCO


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

Recent News

Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.   The index, released by Chi ...


Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...


Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...


Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...


Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...


   186 187 188 189 190   
Showing 936 to 940 news of total 6871
News by Category
Popular News
 
Total Members : 28,617
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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