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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.
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.
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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- White Energy Company Limited
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
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