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, 13 October 21
FBX INDEX: THE IMPOSSIBILITY OF SHORT-TERM FORECASTING - LARS JENSEN
Will freight rates on Asia-Europe or the Transpacific reach 40.000 USD/FFE in the run-up prior to Chinese New Year 2022? Or will they start droppin ...
Wednesday, 13 October 21
CHINA FLOODS: COAL PRICE HITS FRESH HIGH AS MINES SHUT - BBC
The price of coal used in China’s power plants has surged to a new record high as another of the country’s key mining regions is hit by ...
Tuesday, 12 October 21
BUMA SIGNS CONDITIONAL AGREEMENT FOR AUSTRALIAN ASSET ACQUISITION
PT Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama, through its newly incorporated Australian subsidiary, BUMA International Pty ...
Tuesday, 12 October 21
INDONESIA'S COAL-BASED POWER PLANTS ARE SUBJECT TO CARBON TAX NEXT YEAR, ELECTRICITY COSTS COULD RISE! - CNBC
The Indonesian government is planning plans to implement a carbon tax of IDR 30 per kilogram (kg) of carbon dioxide equivalent (CO2e) or equivalent ...
Monday, 11 October 21
COAL ABANDONMENT IN POWER GENERATION PROMOTED GAS DEMAND GROWTH IN EUROPE - TOP MANAGER: TASS
Accelerated abandonment of coal in power generation and the overall recovery of economic activity facilitated gas demand growth in Europe and led t ...
|
|
|
Showing 461 to 465 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Australian Coal Association
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- South Luzon Thermal Energy Corporation
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- The University of Queensland
|
| |
| |
|
