We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 23 September 20
MARKET INSIGHT - INTERMODAL
 Undoubtedly, this year (ongoing) will never be forgotten because in a matter of months it has managed to severely affect and shape our day to day personal and professional lives. All industrial markets have been influenced by the coronavirus pandemic and the tanker market is no exception. The spread of COVID-19 coupled with the IMO 2020 regulations have caused noticeable fluctuations in bunker prices and trading habits. On the 6th of January, VLSFO prices in Fujairah were as high as USD 790/mt and fell to below USD 200/mt in a mere 3-month period. WTI followed a similar pattern as it hovered at just above USD 60/barrel in early January and saw “negative” rates on the 20th of April; it has never fully rebounded (to date) back to its to pre-lockdown price levels. Oil trading houses took conservative approaches in minimizing their risk exposures owing to the mounting uncertainty and investor ambiguity that had resulted from the initial COVID-19 outbreak. Many projects were paused while trading activity was kept to a minimum.
The trading lag created an environment that allowed for contango opportunities; many traders/oil majors attempted to capitalize on this by securing VLCC/Suezmax vessels for T/C periods of up to 6 months. Due to the oil surplus in the market, shore tanks were nearing their maximum storage capacities and suppliers were keen to sell at low rates to ensure the continued and sound operations of refineries. The temporary shutdown and reopening of a refinery costs millions of dollars which places a rather hefty (almost unbearable) financial burden on the respective supplier. Throughout the period of the storage craze, some of the highest freight rates of the last decade were observed. Freights were boosted by a plethora of parameters such as market sentiment, bullish owners and prolonged wait times of ships during loading/discharging owing to the profound lack of storage.
In general - with the exception of VLCC’s who have benefited from the overall increased demand for storage - crude tankers have not managed to improve their performance in the last 3 months. Aframax and Suezmax vessels are still committed to sluggish markets which are heavily affected by seasonal patterns. Historically, summer months were always depressed in terms of trading activity. However, current imminent fears of further regional/nationwide lockdowns are further weakening sentiment in the oil trade. On the clean side, we’ve seen tonnage lists with many prompt ships around loading areas with MR’s overcoming LR1’s. At the same time, LR2’s seem to be patiently waiting for MR’s to get busier, after which they expect to receive loading enquiries from charterers. On Monday we saw WTI & BRENT enter a steep fall, which may be a direct result of further country-wide imposed COVID-19 related restrictions due to the fear of another wave. On a more positive supply-side note, Libyan exports are now back on the table and are rumored to see increases of ca. 300%!
A glimpse of light is anticipated by owners as we move towards the end of the year. It is widely hoped that traders will push to complete their programs by the close of the year to meet their minimal annual objectives. Nevertheless, the uncertain atmosphere in the tanker sector is expected to project well into the fourth quarter; a potential coronavirus vaccine is the only factor which seems capable of “straightening out” the rather mixed present sentiment.
By Dimitris Kourtesis
Tanker Chartering Broker
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, 06 November 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 ...
Thursday, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
|
|
|
Showing 741 to 745 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- VISA Power Limited - India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
|
| |
| |
|
