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


WTI Crude Oil

BRENT Crude Oil

Search News
Latest CoalNews Headlines
Wednesday, 03 November 21
MARKET INSIGHT - INTERMODAL
IntermodalNovember is here and soon the all time seasonal favorite “all I want or Christmas is you” by Mariah Carey will be played in radio stations around the world repeatedly. Now the shipping question is, “will the tanker segment get what it wants this Christmas”?
 
For gas, dry and container Christmas has arrived very early in 2021 with earnings reaching levels not seen for more than a decade putting an overdue smile on ship owners faces.
 
So has the time come eventually for the tankers as well? There have been a few false alarms this year. One in early 2021 and one just before the summer. The activity on the SnP was mainly for Aframax and VLCCs and was purely driven by speculation or otherwise put “counter-cyclical” investment behavior, while the actual freight market remained subdued. That resulted into tanker asset values increasing especially on the Aframax size. And shortly after that we saw the same ships sold less than a month ago to be again for sale in an asset play attempt to flip them for a short profit.
 
We think that now is the time to buy. Compared to the dry bulk and container markets where the upcycle is mainly driven by demand, tankers on the other hand are mainly oil and products supply depended. As product tanker earnings seem to be taking the lead in the tankers recovery and hopefully soon the crude tankers will follow with late Q4 being the inflection point for an upward market reversal. The oil products destocking cycle is expected to come to an end during Q4, when winter restocking demand for middle distillates products will be at its peak, and refineries are expected to accelerate their runs to cover the energy deficit. Refineries are set to benefit from the increase in diesel and jet fuel prices a trend that should unfold through Q1 2022. The market seems well positioned for rising heating oil/ diesel consumption in the Atlantic, as well as jet fuel, and thus East to West middle distillates trade is expected to pick up.  Naphtha trade is also expected to pick up in the short term, as naphtha has become cheaper than propane as a feedstock in the petrochemical industry benefiting the West/Med to East naphtha trade. Gasoline exports from Europe to the U.S. are also expected to rise on open arbitrage North West Europe- USAC on the forward curve and low inventories in the US. Gasoline flows from East of Suez into West Africa are expected to decline by the end of the year, as Asia is seeking to keep supplies to serve domestic demand, which is likely to lead to an increase in demand for European gasoline supplies from West Africa and US East Coast simultaneously.
 
Based on what we see and anticipate as stated above the increase of product prices and the need to refill the inventories will be key to the extent of the market recovery over the next year.
 
This could be a good timing to buy product carriers. We are starting to see increased SnP activity mainly for 12-14 year old MRs and 10 to 5 year old LR2s. Strange mix but this is where the majority of buyers are concentrating. MR1s are not yet of interest and on the LR1s buyers are reacting mostly to units less than 10 years old but there are not a lot for sale, at least not yet. Values have remained stable over the past two months but we do not expect them to stay put. It’s a small window to invest now where the market is still in favor of the buyers.

By Timos Papadimitriou,
SnP Broker

Compiled by:
Intermodal Research & Valuations


Analysts:
Yiannis Parganas
Tamara Apostolou

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.

Recent News

Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...


Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...


Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter. ...


Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.    Earnings generation should slow down as selling pr ...


Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...


   4 5 6 7 8   
Showing 26 to 30 news of total 6503
News by Category
Popular News
 
Total Members : 27,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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