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

Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...


Saturday, 25 February 23
INDONESIA IS STILL BY FAR THE TOP SUPPLIER OF COAL TO CHINA - 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, said ban ...


Wednesday, 22 February 23
MARKET INSIGHT - INTERMODAL
The short-term outlook of the global soybean market is currently pivoted by a combination of weather patterns that are affecting the harvest progre ...


Saturday, 18 February 23
OIL UNLIKELY TO BREAK ABOVE $100/BBL THIS YEAR, J.P.MORGAN SAYS –- REUTERS
Brent oil prices are unlikely to breach the $100 a barrel level this year, barring any significant geopolitical drivers, with OPEC+ potentially add ...


Saturday, 18 February 23
CHINA'S COAL PRICES FALL TO 1 YR-LOW, CLOUDING DEMAND AND IMPORT OUTLOOK - REUTERS
China’s thermal coal prices hit their lowest levels in a year this week on rising inventories as domestic mine production is recovering faste ...


   26 27 28 29 30   
Showing 136 to 140 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 ...

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