We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 14 April 21
MARKET INSIGHT - INTERMODAL
 After a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP activity spiked in the previous weeks. Over the last week, prevailing buying interest in the wet sector continued to grow with the spotlight being on modern MRs and vintage VLCCs. A total of 8 deals were reported in the MR segment, the vast majority of which were built in South Korea and were less than 5 years old up to Resales, while a couple of them were built in Japanese yards aging around 10 and 20 years, respectively. In the VLCC segment more than a handful of S&P transactions were recorded with most of them being built in South Korean yards and more than half fitted with scrubbers while the whole S&P realm consisted of vessels aged above15 years.
In the NB market, with regards to the VLCC segment, during Q12021, around 25 orders were placed whilst all of them were in Korean shipyards, the highest figure since Q2-2015 when circa 30 vessels were ordered, but VLCC earnings were hovering above $40k/day vs the current negative BDTI TCE for VLCCs. The closest Q1 contracting levels were seen during the first quarters of 2014, 2015 & 2019 when around 15-20 orders were placed. Compared to Q12020, the figure is around 4 times higher while it represents around 60.0% of the total annual placed orders during 2020. For reference the VLCC current orderbook accounts of approx. 96 vessels.
VLCC orders placed during 2021 up to date, were contracted for account of Greek, Korean, Malaysian and US based buyers, with Greeks holding a proportion slightly less than half of the total. Out of the 8 different parties that put these orders, 3 of them having recently sold their vintage tonnage are aiming for a fleet renewal while a couple of them are aiming at expanding their fleet. What is more, the rest 3 parties with an orderbook corresponding to around 9 vessels are newcomers into this segment. Although owners of such tonnage are struggling to confront the current low rates, their choice either in expanding/renewing their fleet or even entering this segment, is in fact a vote of confidence to the crude oil market and proves their high expectations.
As for the other crude oil segments, new contracts have been relatively subdued compared to VLCCs and have come below the past 5 year average during Q1s. Regarding the MR segment, around 18 units were contracted, being the highest Q1 contracting figure since Q12014, when approx. the same number of orders was placed.
Overall, as owners maintain a positive sentiment regarding the wet market and combined with an aging fleet, this tendency has led to an increased number of n/b orders by historical standards vs where the actual market stands, especially in the VLCC segment. However, tankers supply dynamics still look favorable over the next two years, as total orderbook as a % of the fleet continues to start at multiyear lows, with VLCCs orders below 10% of the fleet in dwt terms and below 9.0% for the rest of the crude segments.
By Mohamed Rabie,
Research Analyst
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.
|
|
Wednesday, 16 June 21
MARKET INSIGHT - INTERMODAL
“While approaching the second half of the year and summer season is just around the corner, COVID vaccination programs are steadily moving fo ...
Monday, 14 June 21
'WISHFUL THINKING': WHY CHINA NEEDS AUSTRALIAN IRON ORE FOR 'MANY YEARS' TO COME - YAHOO FINANCE AU
A “wintry period”.
That’s what’s expected to happen to Australia’s economy “when” China st ...
Sunday, 13 June 21
COAL AND LNG’S SURGE IN ASIA PLAYS INTO RENEWABLE ENERGY HANDS - REUTERS
Liquefied natural gas (LNG) and thermal coal prices in Asia have been roaring ahead in recent months amid strong demand, but while welcome news for ...
Friday, 11 June 21
5 REASONS GLOBAL SHIPPING COSTS WILL CONTINUE TO RISE - ING
No short-term relief
Shipping costs have been growing strongly since the autumn of 2020, but the first months of this year have seen a new surg ...
Friday, 11 June 21
ASIA COAL PRICES SURGE, BUT CHINA-AUSTRALIA DISPUTE MEANS RALLY IS UNEVEN - REUTERS
Thermal coal prices across Asia have surged to multi-year highs amid strong demand and some supply constraints, but some types of the fuel have don ...
|
|
|
Showing 551 to 555 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
|
| |
| |
|
