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Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
 In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance even after the banning of Russian oil delivered by sea, Russian refined products will be banned within Q1--2023 and crude oil will be banned in December 2022.
Prior further expanding on what is Europe's plan to tackle the energy crisis its important to explain that most of European countries are interconnected on a power grid, which allows energy traders / countries to buy and sell energy on the spot depending on their needs / forecast at that time. Without the Grid infrastructure the energy cost for million households the past year could have been considerably higher than what we've faced.
Last week Berlin moved with seizing the local refining unit of Rosneft in Schwedt, meantime their government is also working to nationalize Uniper SE, steps towards a direction to be more dependent and further control the energy production. Up to now we still haven't seen Russia's retaliation on that move.
Now European diesel buyers are stepping up, the Russian diesel still trades on a discount, but not at the discount traders were enjoying on May, i.e., $30pmt but anything between $6pmt to $10pmt for NEW and Med respectively. Worth mentioning that due to price backwardation (oil prices expected to be lower than the price if were supposed to be bought today) traders are still avoiding cargo stocking as their not adding any value on their books.
Russia to year still supplied 44% of the total diesel supply and Rosneft posted a 13$ rise in midyear profit.
The East CPP MR and LR market remains bullish, with MR's leading the race in Feast markets, at present the MR Pacific basket is averaging $67,000 pdpr. Moving to MEG and WCI market softens slightly but still very healthy rates for MR's and LR1's. 35KT SIKKA/JAPAN stand at $38,000 pdpr and TC5 55KT AG/JAPAN $54.593 PDPR.
MR Atlantic basket has significantly improved since early December with TC2 (37KT ARA/USAC OR WAF stands at $30,441 pdpr for USAC discharge and $35,676 pdpr for WAF. The Backhaul from USG performs poorly if compared to last week $13,598 pdpr and LR1 60KT ARA/WAF $36,000 pdpr.
While Europe is still working on keeping us from freezing the upcoming winter, many traders and government officials express their concerns on how we will manage to keep the engine running under these harsh conditions.
By Dimitris Kourtesis
Tanker 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.
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- PTC India Limited - India
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
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