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

Wednesday, 01 December 21
MARKET INSIGHT - INTERMODAL
Essentially, anyone involved in the shipping and commodity markets still struggle with commodity supply issues and skyrocketing prices in the conte ...


Tuesday, 30 November 21
CHINA'S TOP ECONOMIC PLANNER SUMMONS COAL PRODUCERS; LONG-TERM PRICING MECHANISM IS ADVISED - GLOBAL TIMES
China’s top economic planner the National Development and Reform Commission (NDRC) said on Monday that they summoned coal producers for a hea ...


Tuesday, 30 November 21
CHINA'S COAL PRICES PLUNGE AFTER GOVT SIGNALS MORE PRICE REGULATION - REUTERS
China’s thermal coal futures dropped 5.6% on Monday after the state economic planner signaled further regulations for prices of the dirty pow ...


Friday, 26 November 21
AS COAL MARKET STABILIZES, CHINA STEPS UP NATURAL GAS SUPPLY TO MEET WINTER DEMAND - GLOBAL TIMES
The daily supply of natural gas in China has exceeded 1 billion cubic meters (bcm) since November began, up 11 percent year-on-year, data from stat ...


Friday, 26 November 21
CHINA FINDS COMPLIANCE PROBLEMS IN COAL PRICE INDEX PROBE - REUTERS
China’s state planner on Wednesday said it had discovered some “noncompliant” behaviour among coal price index providers as it an ...


   5 6 7 8 9   
Showing 31 to 35 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 ...

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