We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
 The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the scarce availability of LNG carriers. Global supply will likely see a small y-o-y growth during this winter of about 2m to 4m tons or 3% y-o-y, as delays to the restart of the Freeport LNG terminal, the possibility of Australian export curbs, as well as disruptions in the Trans Niger pipeline and supply issues in Egypt, are all together adding headwinds to the LNG market. Global demand, on the other hand, could mark up to 3% y-o-y growth during 2022-23 winter.
As opposed to widely held fears among the market stakeholder, the possibility of a shortage within Europe has started to fade away. The bloc’s imports currently continue at a safe pace and are forecasted close to 39.7m tons over the coming winter, while the continent’s inventories are more than sufficient for the upcoming winter and could even exceed the 5-year average. Meanwhile, demand for the commodity has already deflated, amid the recent frenzy trend of gas to oil switch. Yet, benchmark prices in the continent are expected to remain elevated and above historical averages.
Demand from Asian buyers is forecasted to decline over 2022-23 winter. The key driver behind the reduction could be the estimated drop in deliveries to China. More specifically, China’s imports could slip as much as 16% y-o-y during the winter, on the back of weak demand for the commodity, growing domestic production, as well as an increase in imports via pipelines. Japan’s imports are also set to drop up to 4% y-o-y, as nuclear reactors are expected to resume their operation in 2023 following maintenance paired with the expected recovery of coal generation, which will suppress demand for natural gas. On the other hand, South Korea, amid its efforts to stockpile for a colder-than-average upcoming winter and to reduce its emissions in its power generation process, is set to increase its natural gas imports. The incremental Asian demand due to the unusually cold upcoming winter could result in up to 5.6m tons of LNG which will be diverted from Europe.
On the supply side, Australian supply surged 5% m-o-m in September to 7m tons, mainly driven by increased production in Ichthys and APLNG plants. Qatari production slumped 3% m-o-m to 6.6m tons, still close to the 3-year seasonal average. Egyptian supply increased as output in Damietta almost doubled. Nigerian production soared 24% m-o-m, showing signs of recovery from August’s record lows. US exports edged 5% higher m-o-m to 6.5m tons, as the increase registered in Elba Island and Calcasieu Pass offset the decline in Sabine Pass and Corpus Christi. Russian supply climbed 13% m-o-m to 2.6m tons. Indonesian production slipped 9% m-o-m due to lower output at Tangguh and Botang. Finally, Malaysian supply grew 6% m-p-m as production in Bintulu reached a 4-year seasonal average high.
The tightness of the market is also mirrored in the seaborne sector, where spot rates rally, led by a projected tight vessel availability during the winter. More specifically, during September spot rates skyrocketed both in the East and in the West of Suez, reaching $200,000/ day by the end of the month. The Atlantic Forward LNG rates are estimated to hover close to $280,000/day in October, while they could edge higher than $300,000/day in December, amid a steep contango between November-January. Freights will be underpinned during the winter by tight tonnage supply, as according to our preliminary data, a total of 3 more LNG carriers will be delivered throughout 4Q, almost one-third of the capacity delivered a year ago.
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.
|
|
Monday, 19 September 22
BUMA AUSTRALIA AWARDED A$400 MILLION CONTRACT EXTENSION BY BMA FOR GOONYELLA PROJECT
Press Release – PT Delta Dunia Makmur Tbk. (the "Company") announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA ...
Saturday, 17 September 22
CHINA WARNS COAL COMPANIES AGAINST DUAL CONTRACTS, KEEP PRICES STABLE - REUTERS
China’s state economic planner warned coal companies operating at ports in the Bohai Bay region to comply with their long-term contracts to k ...
Saturday, 17 September 22
IS A GLOBAL RECESSION IMMINENT? - WORLD BANK
Since the beginning of the year, a rapid deterioration of growth prospects coupled with rising inflation and tightening financing conditions, has i ...
Saturday, 17 September 22
FITCH RATINGS REVISES GLOBAL METALS & MINING PRICE ASSUMPTIONS
Fitch Ratings has revised its metals and mining price assumptions reflecting evolving economic growth expectations and demand and supply dynamics.
...
Friday, 16 September 22
WHEN IS A VESSEL'S INCOME EARNING CAPACITY AT RISK? 'CONTROLLED INCOME CAN BE A KEY OF SUCCESS' - MARASCO MARINE
Managing marine risks is not an easy task, which requires special knowledge and expertise on the subject per se. Customarily, big ship management c ...
|
|
|
Showing 231 to 235 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Australian Coal Association
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kaltim Prima Coal - Indonesia
- London Commodity Brokers - England
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- The University of Queensland
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Parliament of New Zealand
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
|
| |
| |
|
