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, 12 May 20
A GLOBAL ECONOMIC RESTART HAS SLOWLY BEGUN AS COUNTRIES AROUND THE WORLD GRADUALLY - ALLIED
A global economic restart has slowly begun as countries around the world gradually set their return back to “normality”. Yet by all mea ...


Tuesday, 12 May 20
CAN INDONESIA'S COAL INDUSTRY SURVIVE COVID-19? : IEEFA
Pandemic Lockdown and Slumping Prices Put Extreme Pressure on Coal Miners   Executive Summary While attention has been focused on th ...


Tuesday, 12 May 20
INDIA'S COAL PRODUCTION TO CLOCK RECORD 700 MILLION TONNES IN FY21: COAL SECRETARY - PTI
Coal Secretary Anil Jain said FY20 coal production was lower than the target of 660 million tonnes because of flooding of a key coal mine. &nbs ...


Monday, 11 May 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.   The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...


Monday, 11 May 20
CORONAVIRUS PUTS MORE THAN A THIRD OF SEABORNE COAL SUPPLY AT RISK - WOOD MACKENZIE
The full impact of the coronavirus outbreak on the global economy is yet unclear. However, the demand destruction is already becoming evident, with ...


   193 194 195 196 197   
Showing 971 to 975 news of total 6871
News by Category
Popular News
 
Total Members : 28,705
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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