We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
 On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such an agreement is anticipated to soften grain prices as an immediate response to the increase in global supplies. But it is also anticipated to offer relief to grain mills, in an effort to ensure limited rotting of the current harvest and rapidly free up silos for the next season’s harvest. However, after the deal, a myriad of challenges are left to resolve before exports can ramp up, therefore nothing ensures that exports will pick up in the near term.
On August 1st, the first ship loaded with 26,000 tons of corn departed from Ukraine for Lebanon, marking a resume of Ukraine grain exports. Since then, and at the time of writing, a total of 12 vessels have departed from Ukrainian ports carrying 374,800 tons of agriculture-related merchandise, which is still a fraction of the 22mn tonnes of trapped grain in the country. Ukraine anticipates the number of vessels to pick up grains will be increased to reach full capacity within the following weeks. Given the exports continue successfully, they could increase as much as 3mn tons/month in 4-6 weeks.
In order to ship a total of 22mn tonnes of grains, it is estimated that approx. 371 loadings in 40,000-69,000dwt size vessels will be needed. The vessels will cover routes from the Black Sea to North Africa, the Middle East, and potentially Europe, while their voyages are expected to last approx. 7 days. At the moment most inquiries are Handy-based due to the shallow draft of ports in the Black Sea area and the short distance that needs to be covered. Given the limited duration of the agreement, it is expected that most inquiries will be for short-period time-charters for these particular routes. If the agreement is extended and more shipments will head to Asia, primarily S. Korea and China, there will be increased demand for period charters and for bigger vessels.
Congestion is expected to increase in Ukrainian ports as they have been un-operational and un-manned since the beginning of the war and their infrastructures might have been damaged. However, at the moment the discharge rate is relatively rapid given the small number of vessels in the area. Vessels that will bear increased voyage risk will require insurance premiums resulting in higher voyage expenses. Shipowners’ biggest impediment is to secure insurance for their vessels and cargoes and to find crew to sail their ships. On the other hand, this means that freights will move upwards in order to compensate for the extra risk.
As per the latest update of Ukraine’s Ministry of Agriculture on July 31st, the country’s wheat exports have been down -53.2% y-o-y, while the market outlook for next year’s wheat crop remains bearish. Another downside factor is the quality of the grains that have been loaded in vessels for months under increased humidity and inadequate ventilation. There is a high risk that cargoes that have not been freshly loaded will be rejected by the importers if they do not meet specific requirements.
Under the current circumstances, there are several challenges lying ahead that create doubts on whether the exports could fully or at least partially recover. Given that the situation worsens around the Black Sea area and the materialized deal will be undermined, a further downside for grain trade is more likely within 2H2022. On the contrary, if the operation continues relatively smoothly, the world grain trade could see relief within 2H2022 as a result of an increase in tonne-days demand, while Ukraine could receive up to $1bn/month from its grain exports in order to fund its sowing plans.
By Chara Georgousi
Research Analyst
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.
|
|
Wednesday, 05 January 22
INDONESIA WARNS COAL SUPPLY CRUNCH NOT OVER AS CHINA PRICES RALLY - REUTERS
Indonesia has warned that its coal supply situation remains critical, ahead of Wednesday’s (Jan 5) review of its export ban, unnerving global ...
Tuesday, 28 December 21
INDIA'S ADANI NEARS FIRST COAL SHIPMENT FROM SHUNNED AUSTRALIAN MINE - REUTERS
India’s Adani Group ADEL.NS is preparing to ship the first coal cargo from Australia’s most controversial mine, after battling a seven- ...
Thursday, 23 December 21
COAL TO STAY AS MAJOR SOURCE OF ENERGY IN FORESEEABLE FUTURE: JOSHI - BUSINESS STANDARD
Coal will stay as a major source of energy in the foreseeable future as it is an affordable source of energy with substantial reserve, Parliament w ...
Thursday, 23 December 21
ANNUAL U.S. COAL-FIRED ELECTRICITY GENERATION WILL INCREASE FOR THE FIRST TIME SINCE 2014 - EIA
From December 20 through December 30, Today in Energy will feature some of our favorite articles from 2021. Today’s article was originally pu ...
Thursday, 23 December 21
COAL DEMAND TO PEAK IN INDIA BY 2030, WILL BACK UP RENEWABLES: NITI REPORT - BUSINESS STANDARD
Coal will remain India’s mainstay energy source and the country will shape global demand this decade, two reports have said a month after the ...
|
|
|
Showing 376 to 380 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Australian Coal Association
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
|
| |
| |
|
