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

Friday, 18 December 20
AUSTRALIA PM WARNS OF ‘LOSE-LOSE’ IN ANY CHINA COAL SHIFT - REUTERS
Australian Prime Minister Scott Morrison said any shift by China away from importing high quality Australian coal would be a “lose-lose&rdquo ...


Friday, 18 December 20
BIG OIL AND COAL EXPORTERS FACE RECKONING AS PARIS AGREEMENT TURNS FIVE - CNA
On Dec 12, more than 70 global leaders came together at the UN’s Climate Ambition Summit, marking the fifth anniversary of the Paris Agreemen ...


Friday, 18 December 20
SOUTH AFRICAN COAL EXPORTERS LARGELY DEPENDENT ON THE ASIAN MARKETS - BANCHERO COSTA
South Africa is the fourth largest exporter of coal in the world, after Australia, Indonesia and Russia. In calendar 2019 the country exported a to ...


Thursday, 17 December 20
CHINA'S BAN IS LESS OF A THREAT TO AUSTRALIA'S COAL INDUSTRY THAN INTERNATIONAL CLIMATE AMBITION - IEEFA
Australian coal exporters will survive this near-term political fight but there are longterm structural headwinds   The decision by Ch ...


Thursday, 17 December 20
BUMA SIGNED US$1.0 BILLION WORTH OF EXTENSION CONTRACT WITH BERAU COAL
PT Bukit Makmur Mandiri Utama, subsidiary of PT Delta Dunia Makmur Tbk., has extended its mining services contracts with PT Berau Coal, in relation ...


   65 66 67 68 69   
Showing 331 to 335 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 ...

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