We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 10 June 20
MARKET INSIGHT - INTERMODAL
 In contrast to the economic projections of the past two years for the first half of 2020, the oil & gas industry and those involved in it faced particularly challenging times, with global demand for the commodity crashing in April and dragging oil prices to unprecedented levels as a result.
COVID-19 caused panic in societies, with lockdowns quickly translating to a severe hit to the global economy. Sadly, this epidemic has killed over 393,000 people so far, with over 6,500,000 cases being recorded worldwide, and even today, it continues to spread terror and uncertainty. Hopes are placed on a vaccine being discovered sooner rather than later in order to provide communities with a big relief on a humanitarian level and to eventually restore confidence across the different markets that economies are jump starting again and doing so at full speed ahead.
As far as oil and gas projects from major oil producers are concerned, since the COVID-19 outbreak, delays and cancellations have been announced, while most hydrocarbon projects are expected to be postponed for one up to three years according to reports. Representative examples of this big setback, especially in the short-cycle projects of the African continent, are those of ENI and TOTAL. The two international oil and gas majors, who have the largest presence in Africa, have already cut off around 25-30% of their investment in exploration and production projects in 2020 in an effort to ensure their survival in the long run.
As expected, offshore service providers such as AHTS and PSVs, have been also hit by this crisis and are currently going through soft demand and disappointing freights, with today’s challenges proving even worse compared to those during the 2015-2017 period. Most offshore unit owners have already lowered their offers at very realistic levels in order to survive as long as possible, with no increase in the number of laid up units as a result. However, if this situation continues for several more months without no visible signs of improvement, the lay-up option will be the only alternative in order to limit costs, which is also what happened during the 2015-2017 period.
Even those more optimistic do not believe that anything will change drastically during the remainder of 2020 for the oil & gas industry, in terms of demand and offshore projects. Undoubtedly, we might see later in the year some tender / projects but a lot of competition is expected for these, which means that no particular positive effect on the industry/rates is expected. It will take a while before we can have a more clear view of what’s ahead and we expect the market to keep facing challenges at least in the short-term, while on the positive side, governments around the world, OPEC and its allies and all concerned bodies and organizations seem to be taking serious action in order to support demand and prices.
By Panos Makrinos
Offshore Director
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 10 July 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 10 July 20
GLOBAL SHIPPING EARNINGS FORECAST CUT AS SUPPLY SET TO OUTSTRIP DEMAND - MOODY'S
EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020 ...
Friday, 10 July 20
SLOW RECOVERY IN TANKER RATES TO WEIGH ON BUANA LINTAS LAUTAN - FITCH RATINGS
Fitch Ratings believes that international tanker rates are likely improve after their sharp fall since May 2020, albeit at a slow pace. The weaknes ...
Wednesday, 08 July 20
MARKET INSIGHT - INTERMODAL
During the previous month, the dry bulk market witnessed an impressive increase in the BDI index that has reached 1800 points from 500 with a clear ...
Tuesday, 07 July 20
COAL INDIA WORKERS STRIKE CUTS OUTPUT BY 56%: OFFICIAL - REUTERS
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a ...
|
|
|
Showing 876 to 880 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- MS Steel International - UAE
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Mercator Lines Limited - India
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
|
| |
| |
|
