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

Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and ...


Saturday, 25 March 23
ASIAN CRUDE PALM OIL WATCH 1Q23 - FITCH RATINGS
Malaysian benchmark crude palm oil (CPO) spot prices have averaged around USD915 per tonne (t) so far in 1Q23, sharply lower than the average of ar ...


Saturday, 25 March 23
INDONESIA’S COAL EXPORT INCREASED BY 21.0% YOY TO 388.4 MLN T IN 2022 - BANCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels. In the f ...


Saturday, 25 March 23
GLOBAL LNG-ASIA SPOT PRICES SLIP AS WEAK NORTHERN DEMAND REMAINS - REUTERS
Asian spot prices of liquefied natural gas (LNG) declined this week, falling to a 21-month low, as weak demand in the northeast Asia region continu ...


Wednesday, 22 March 23
OIL PRICE FALL SPECULATIVE, TO HIT $140 BY YEAR-END -ANDURAND: REUTERS
The recent fall in oil prices due to banking jitters is speculative and oil will hit $140 a barrel by the end of the year, hedge fund manager Pierr ...


   22 23 24 25 26   
Showing 116 to 120 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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