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Wednesday, 09 October 19
SHIPPING MARKET INSIGHT - INTERMODAL
 As we have already stated in previous insights, we had expected that the recovery on rates and activity across all segments in the offshore market during the past year, would continue throughout the year.
This is supported from the oil price, which during the past month has been trading at levels steadily above $55/barrel and having reached higher levels during the year. This is in contrast to past years, when oil prices were ranging between $43-$46/barrel, and even lower during the period 2015-2016, when oil price was less than $30/barrel with most notable the historical low of $22.48/barrel.
Back then we were arguing that with oil prices being low it was almost impossible for big oil producers to look at the possibility of investing in a new project or to implement their planned projects from previous years.
As we already know, this created a big agitation in the market. They were very few projects and a plethora of offshore units and oil rigs. Besides that, plenty of companies/providers of support units or drilling rigs at the specific period had financial issues or even reached the point of bankruptcy.
Many factors have played a role in order for us to reach the point of currently discussing a slow but steady recovery on the market of Drilling & Offshore Support Vessel (OSV). Firstly, the fact that member countries of OPEC agreed to cut oil production until March 2020 in order to increase oil price and demand, which will create desirable conditions for new projects.
The mood of Offshore owners either to lower their OPEX or layup a number of their vessels or alternatively send them for demolition despite being so young, with the purpose of decreasing over-capacity in the market. Another important factor was the appetite of some companies to invest time and money in new technological innovations with lower OPEX and environmentally friendly features that would assist in the implementation of the upcoming projects.
Despite recent news, like the tensions in the Persian Gulf, that may slowdown the return to healthier margins in the Offshore industry and create uncertainty, it is estimated that Drilling activity will continue to witness a positive annual growth in the upcoming years, as long as the oil price stablilises around $60/barrel and the cost of developing Offshore Oil & Gas declines significantly. Something similar is expected to happen in the Offshore Support Vessels (OSV), which is expected to exhibit further growth on the activity and rates in the next years based on the rise of Deepwater development activities.
By Panos Makrinos
Offshore Director
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
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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Wednesday, 11 September 19
THE INDONESIAN COAL PRICE REFERENCE FELL HEAVILY IN SEPTEMBER
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 11 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
We are going through one of the rare instances where we see optimism building in the dry bulk industry and, as the momentum is still going, the bel ...
Monday, 09 September 19
INDIAN COMPANIES READY TO INVEST IN DEVELOPMENT OF NEW COAL DEPOSITS IN RUSSIA'S YAKUTIA - TASS
Indian metallurgical companies, which received trial batches of coal from Kolmar mining company, are satisfied with the quality of the products and ...
Monday, 09 September 19
COLOMBIA COAL OUTPUT DOWN YEAR-ON-YEAR IN 2ND QUARTER - REUTERS
Colombia, the world’s fifth-largest exporter of coal, produced 18.9 million tonnes of the fuel in the second quarter, down 4.5% from the same ...
Monday, 09 September 19
ULTRAMAX: ASIA A 58,000-TONNER FIXED DELIVERY FUZHOU, VIA INDONESIA, REDELIVERY CHINA, AT $12,800
Capesize
0px The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed ...
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- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Minerals Council of Australia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Australian Coal Association
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Planning Commission, India
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
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