We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 26 May 21
MARKET INSIGHT - INTERMODAL
 Last year crude tankers’ newbuilding contracting activity was devastated by the economic effects of the Covid-19 pandemic and the cloud of uncertainty regarding eco-friendly technology adoption which amplified concerns over the technology and fuelling choices on the newbuilding units. Covid-19 restrictions significantly impacted owners’ appetite for new orders, which coupled with the divided view on the long-term technology implementation caused a severe blow on the shipbuilding industry. At the time of writing, both concerns are still present.
Despite worldwide vaccination, the pandemic remains with lockdown restrictions being imposed around the world. In addition, there is no clear view on which type of fuel will be the next generation one, yet with LNG retrofits gaining a bigger market share week by week. However, today the shipbuilding tanker market activity witness a completely different outlook, with the volume of newbuilding contracts emerging w-o-w being significantly strong and the NB values at levels that we last observed back in 2015. With respect to the latter fact, we could agree that the recent spike in steel prices has supported a large part of newbuilding value increases; nevertheless, with the cost for new investments burdening the owner’s capital, it is evident that the appetite for new vessels is strong.
According to our preliminary data, YTD crude carriers contracting activity in dwt terms is estimated at around 9.6 million which is about +47.7% when compared to the same period last year (6.5 million dwt). The majority of orders that have materialized so far this year referred to VLCC units which account for 71% of the total orders (27 of the total tanker contracting activity of 38 units). If buying interest for crude carrier tonnage continues at the same pace it would not be a surprise to see 2021 contracting activity doubling the previous year volumes (around 15.4 million in dwt terms during 2020). Solely for the purpose of comparison, 2019 total contracting activity is estimated at around 19.6 million dwt with January-May 2019 newbuilding volume at 7.45 million dwt, a time period where the Coronavirus pandemic would stand as a science fiction theory.
As far as the asset values are concerned, average prices for VLCC, Suezmax and Aframax units to be constructed at top tier yards are estimated at $95.0M, $63.M, and $50.5 million respectively. A picture is worth a thousand words and that can be evident if we take a closer look at page 6 Indicative Newbuilding Prices table where a comparison with average values of the past 3 years can easily be made. Average prices of all sectors are hovering well below today’s values. Again, for the sake of clarity, 2021 average VLCC, Suezmax and Aframax newbuilding prices stand at $90.0M, $59.5M, and $49.0 million. It remains to be seen, whether Chinese authorities will manage to curb iron ore prices and subsequently steel values. Such a depreciation on the respective commodities will be reflected on newbuilding values as well; however, if China’s exertion in containing steel prices remains unsuccessful newbuilding prices will appreciate further according to the underlying steel inflationary trend.
By Yiannis Parganas,
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.
|
|
Monday, 01 November 21
COAL PRICES HAVE FURTHER ROOM TO DROP: TOP ECONOMIC PLANNER - GLOBAL TIMES
China’s top economic planner said coal prices have further room to drop on Friday, as the most traded coal futures dropped to below 1,000 yua ...
Saturday, 30 October 21
CHINA'S COAL PRICES SEE BIGGEST WEEKLY FALL IN MORE THAN 5 YEARS - REUTERS
China’s coal futures prices saw their biggest fall in more than five years after the powerful state planner said there is still room to adjus ...
Saturday, 30 October 21
G-20 LEADERS PREPARE STATEMENT TO STOP FUNDING FOREIGN COAL PLANTS - BLOOMBERG
Leaders of the Group of 20 wealthy economies are preparing to pledge to stop funding foreign coal-fired plants, but are still wrangling over climat ...
Friday, 29 October 21
APAC THERMAL COAL SUPPLY TO REMAIN TIGHT AS WINTER LOOMS - FITCH RATINGS
APAC thermal coal prices have surged, hitting historically high levels. The benchmark Newcastle 6,000kcal/kg grade coal reached USD228/tonne in mid ...
Thursday, 28 October 21
CANADA BAN ON SHIPPING COAL WOULD EQUAL SCRAPPING AS MANY AS 3 MILLION CARS - IEEFA
Canada ban on shipping coal would equal scrapping as many as 3 million cars
Change in Canadian policy could have major implications ...
|
|
|
Showing 426 to 430 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Central Electricity Authority - India
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- The University of Queensland
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
|
| |
| |
|
