COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
BIMCOCrude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China dropping 68% in just nine days (from USD 222,591 per day on 22 April to USD 71,885 per day on 4 May). In the same period, daily VLCC earnings from the Middle East Gulf to the US Gulf have plunged nearly 80% (from USD 162,433 per day to USD 36,249).
 
The window of extraordinary earnings closed at the end of April with the OPEC+ oil production cuts of 9.7 m/bpd on 1 May, reducing the flood of oil in the market. The tanker market is now challenged by a collapse in oil demand as a result of the coronavirus outbreak.
 
The oil supply and demand shocks of 2020
 
The oil tanker market has enjoyed a paradise of profitability, but very much on borrowed time since the outbreak of the oil price war. As the oil supply shock abates, the effect of the unprecedented oil demand shock, estimated to be a drop of 23.1 m/bpd in the second quarter (source: IEA), will set in.
 
Perhaps, second only to a coronavirus vaccine, oil storage has been the most sought-after item in recent months. This has been reflected in the skyrocketing crude oil tanker time-charter rates brought about by oil suppliers and traders seeking to charter ships for floating storage.
 
The uptick in floating storage in 2020, temporarily removing capacity from the market, is not expected to provide a silver lining that can offset the faltering demand and overcapacity. One can only hope that the strong earnings have fortified the cash reserves of oil tanker companies for the treacherous months that lie ahead.
Source: BIMCO


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 14 May 20
OPEC REVISES DOWN GLOBAL OIL DEMAND FORECAST AGAIN
Crude Oil Price Movements Crude oil prices recorded a second sharp monthly drop in April, amid an increasing oil surplus in the spot market. Th ...


Thursday, 14 May 20
NEW COVID-19 GUIDELINES FOCUS ON SAFE INTERFACE BETWEEN SHIP AND SHORE STAFF - GARD
At a time when the COVID-19 pandemic is affecting the global population, it is important that ships’ crew and port workers protect each other ...


Wednesday, 13 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.4 PCT - XINHUA
China Taiyuan coal transaction price index stood at 124.93 points Monday, down 0.4 percent week on week.   The index, released by Chin ...


Tuesday, 12 May 20
IN THE FIRST 4 MONTHS OF 2020, SOUTH KOREA IMPORTED 46.6 MLN TONNES OF CRUDE OIL BY SEA, A NET DECLINE OF 14.1% YOY - BC
South Korea is certainly one of the countries which has handled better the current Covid-19 crisis. In the first week of May 2020, new cases of ...


Tuesday, 12 May 20
OIL MARKET TURBULENCE PIVOTS FOCUS ON FLOATING STORAGE TECHNICAL NEEDS - LLOYD'S REGISTER
KNOWLEDGE TO ELEVATE Negative oil prices and off-the-scale volatility in crude markets are positive for floating storage, as the next chapter ...


   192 193 194 195 196   
Showing 966 to 970 news of total 6871
News by Category
Popular News
 
Total Members : 28,619
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Sojitz Corporation - Japan
  • Heidelberg Cement - Germany
  • Goldman Sachs - Singapore
  • Iligan Light & Power Inc, Philippines
  • Thermax Limited - India
  • The Treasury - Australian Government
  • Wilmar Investment Holdings
  • Antam Resourcindo - Indonesia
  • Permata Bank - Indonesia
  • Vedanta Resources Plc - India
  • Billiton Holdings Pty Ltd - Australia
  • GB Group - China
  • Berau Coal - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • London Commodity Brokers - England
  • Krishnapatnam Port Company Ltd. - India
  • Mitsui
  • Sucofindo - Indonesia
  • Bangkok Bank PCL
  • Total Coal South Africa
  • Sindya Power Generating Company Private Ltd
  • Medco Energi Mining Internasional
  • IBC Asia (S) Pte Ltd
  • ANZ Bank - Australia
  • Price Waterhouse Coopers - Russia
  • McKinsey & Co - India
  • Mitra SK Pvt Ltd - India
  • Rudhra Energy - India
  • JPower - Japan
  • Kapuas Tunggal Persada - Indonesia
  • Energy Development Corp, Philippines
  • TeaM Sual Corporation - Philippines
  • Toyota Tsusho Corporation, Japan
  • Gujarat Mineral Development Corp Ltd - India
  • Cigading International Bulk Terminal - Indonesia
  • Salva Resources Pvt Ltd - India
  • WorleyParsons
  • Electricity Authority, New Zealand
  • Videocon Industries ltd - India
  • Africa Commodities Group - South Africa
  • JPMorgan - India
  • Kideco Jaya Agung - Indonesia
  • Bank of America
  • Sarangani Energy Corporation, Philippines
  • Xstrata Coal
  • TANGEDCO India
  • Deloitte Consulting - India
  • KEPCO - South Korea
  • Tata Chemicals Ltd - India
  • Bukit Baiduri Energy - Indonesia
  • Sical Logistics Limited - India
  • SMC Global Power, Philippines
  • ACC Limited - India
  • MEC Coal - Indonesia
  • Latin American Coal - Colombia
  • Jaiprakash Power Ventures ltd
  • Gujarat Electricity Regulatory Commission - India
  • Adani Power Ltd - India
  • Humpuss - Indonesia
  • Renaissance Capital - South Africa
  • Thailand Anthracite
  • Glencore India Pvt. Ltd
  • Clarksons - UK
  • CoalTek, United States
  • UBS Singapore
  • Interocean Group of Companies - India
  • Mitsubishi Corporation
  • Borneo Indobara - Indonesia
  • Xindia Steels Limited - India
  • SRK Consulting
  • Grasim Industreis Ltd - India
  • Asian Development Bank
  • Coal India Limited
  • Manunggal Multi Energi - Indonesia
  • Altura Mining Limited, Indonesia
  • ETA - Dubai
  • Pinang Coal Indonesia
  • Thriveni
  • Coastal Gujarat Power Limited - India
  • Chamber of Mines of South Africa
  • Bukit Asam (Persero) Tbk - Indonesia
  • Runge Indonesia
  • World Bank
  • McConnell Dowell - Australia
  • Orica Mining Services - Indonesia
  • Indonesian Coal Mining Association
  • Directorate Of Revenue Intelligence - India
  • Maharashtra Electricity Regulatory Commission - India
  • Mintek Dendrill Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Georgia Ports Authority, United States
  • Indo Tambangraya Megah - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Power Finance Corporation Ltd., India
  • Coalindo Energy - Indonesia
  • Kobe Steel Ltd - Japan
  • Ministry of Mines - Canada
  • DBS Bank - Singapore
  • Maheswari Brothers Coal Limited - India
  • OPG Power Generation Pvt Ltd - India
  • Arutmin Indonesia
  • Standard Chartered Bank - UAE
  • Indonesia Power. PT
  • AsiaOL BioFuels Corp., Philippines
  • Indorama - Singapore
  • The State Trading Corporation of India Ltd
  • RBS Sempra - UK
  • Semirara Mining Corp, Philippines
  • Ind-Barath Power Infra Limited - India
  • Central Electricity Authority - India
  • IMC Shipping - Singapore
  • Uttam Galva Steels Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Samtan Co., Ltd - South Korea
  • Miang Besar Coal Terminal - Indonesia
  • Eastern Coal Council - USA
  • Thai Mozambique Logistica
  • Coal Orbis AG
  • Rio Tinto Coal - Australia
  • Aditya Birla Group - India
  • Tata Power - India
  • Platou - Singapore
  • Global Green Power PLC Corporation, Philippines
  • Electricity Generating Authority of Thailand
  • BRS Brokers - Singapore
  • Formosa Plastics Group - Taiwan
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Mjunction Services Limited - India
  • Indian School of Mines
  • Larsen & Toubro Limited - India
  • Siam City Cement - Thailand
  • Attock Cement Pakistan Limited
  • Maruti Cements - India
  • Vale Mozambique
  • European Bulk Services B.V. - Netherlands
  • Jatenergy - Australia
  • LBH Netherlands Bv - Netherlands
  • PLN Batubara - Indonesia
  • Thiess Contractors Indonesia
  • CESC Limited - India
  • Barclays Capital - USA
  • Enel Italy
  • SUEK AG - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Geoservices-GeoAssay Lab
  • Essar Steel Hazira Ltd - India
  • GN Power Mariveles Coal Plant, Philippines
  • Vijayanagar Sugar Pvt Ltd - India
  • Ministry of Finance - Indonesia
  • Indika Energy - Indonesia
  • Indogreen Group - Indonesia
  • Agrawal Coal Company - India
  • Moodys - Singapore
  • Binh Thuan Hamico - Vietnam
  • Noble Europe Ltd - UK
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • TRAFIGURA, South Korea
  • VISA Power Limited - India
  • Maybank - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • EMO - The Netherlands
  • Dalmia Cement Bharat India
  • Kumho Petrochemical, South Korea
  • Panama Canal Authority
  • Romanian Commodities Exchange
  • Malabar Cements Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • Economic Council, Georgia
  • Mechel - Russia
  • Bhatia International Limited - India
  • The India Cements Ltd
  • Makarim & Taira - Indonesia
  • OCBC - Singapore
  • Russian Coal LLC
  • Therma Luzon, Inc, Philippines
  • CIMB Investment Bank - Malaysia
  • Credit Suisse - India
  • Platts
  • CNBM International Corporation - China
  • Kartika Selabumi Mining - Indonesia
  • Lanco Infratech Ltd - India
  • Carbofer General Trading SA - India
  • Cemex - Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Karaikal Port Pvt Ltd - India
  • Sakthi Sugars Limited - India
  • Energy Link Ltd, New Zealand
  • Peabody Energy - USA
  • Holcim Trading Pte Ltd - Singapore
  • SN Aboitiz Power Inc, Philippines
  • Oldendorff Carriers - Singapore
  • Inco-Indonesia
  • Eastern Energy - Thailand
  • SMG Consultants - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Neyveli Lignite Corporation Ltd, - India
  • GMR Energy Limited - India
  • Petrosea - Indonesia
  • Metalloyd Limited - United Kingdom
  • Australian Commodity Traders Exchange
  • Idemitsu - Japan
  • APGENCO India
  • U S Energy Resources
  • Port Waratah Coal Services - Australia
  • Star Paper Mills Limited - India
  • Adaro Indonesia
  • World Coal - UK
  • SASOL - South Africa
  • Merrill Lynch Bank
  • Barasentosa Lestari - Indonesia
  • Riau Bara Harum - Indonesia
  • South Luzon Thermal Energy Corporation
  • GVK Power & Infra Limited - India
  • Bukit Makmur.PT - Indonesia
  • PTC India Limited - India
  • Shree Cement - India
  • Independent Power Producers Association of India
  • Meenaskhi Energy Private Limited - India
  • Simpson Spence & Young - Indonesia
  • NALCO India
  • IOL Indonesia
  • PNOC Exploration Corporation - Philippines
  • Savvy Resources Ltd - HongKong
  • IHS Mccloskey Coal Group - USA
  • The University of Queensland
  • Cargill India Pvt Ltd
  • Coaltrans Conferences
  • Pendopo Energi Batubara - Indonesia
  • Vitol - Bahrain
  • Globalindo Alam Lestari - Indonesia
  • Bhoruka Overseas - Indonesia
  • Gresik Semen - Indonesia
  • Shenhua Group - China
  • Global Business Power Corporation, Philippines
  • GAC Shipping (India) Pvt Ltd
  • Indian Energy Exchange, India
  • Chettinad Cement Corporation Ltd - India
  • Minerals Council of Australia
  • Core Mineral Indonesia
  • Arch Coal - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • GHCL Limited - India
  • Maersk Broker
  • Inspectorate - India
  • Planning Commission, India
  • Thomson Reuters GRC
  • ASAPP Information Group - India
  • Parry Sugars Refinery, India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • PetroVietnam Power Coal Import and Supply Company
  • Edison Trading Spa - Italy
  • KPCL - India
  • J M Baxi & Co - India
  • Bank of China, Malaysia
  • Madhucon Powers Ltd - India
  • Banpu Public Company Limited - Thailand
  • Marubeni Corporation - India
  • Samsung - South Korea
  • Lafarge - France
  • Asia Cement - Taiwan
  • Coeclerici Indonesia
  • International Coal Ventures Pvt Ltd - India
  • Deutsche Bank - India
  • ICICI Bank Limited - India
  • Rashtriya Ispat Nigam Limited - India
  • New Zealand Coal & Carbon
  • Freeport Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Meralco Power Generation, Philippines
  • Bhushan Steel Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • White Energy Company Limited
  • Wood Mackenzie - Singapore
  • Intertek Mineral Services - Indonesia
  • Britmindo - Indonesia
  • Merrill Lynch Commodities Europe
  • Ministry of Transport, Egypt
  • MS Steel International - UAE
  • Cebu Energy, Philippines
  • Parliament of New Zealand
  • Reliance Power - India
  • Central Java Power - Indonesia
  • EIA - United States
  • TNPL - India
  • PowerSource Philippines DevCo
  • IEA Clean Coal Centre - UK
  • Mercator Lines Limited - India
  • Kepco SPC Power Corporation, Philippines
  • Japan Coal Energy Center
  • Australian Coal Association
  • Gupta Coal India Ltd
  • Semirara Mining and Power Corporation, Philippines
  • Baramulti Group, Indonesia
  • Gujarat Sidhee Cement - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Bangladesh Power Developement Board
  • PLN - Indonesia
  • Petron Corporation, Philippines
  • Anglo American - United Kingdom
  • Aboitiz Power Corporation - Philippines
  • Mercuria Energy - Indonesia
  • Fearnleys - India
  • KPMG - USA
  • Siam City Cement PLC, Thailand
  • UOB Asia (HK) Ltd
  • Leighton Contractors Pty Ltd - Australia
  • Cardiff University - UK
  • Tamil Nadu electricity Board
  • Infraline Energy - India
  • globalCOAL - UK
  • Singapore Mercantile Exchange
  • Cement Manufacturers Association - India
  • Jindal Steel & Power Ltd - India
  • PetroVietnam
  • SGS (Thailand) Limited
  • CCIC - Indonesia
  • Surastha Cement
  • Posco Energy - South Korea
  • TGV SRAAC LIMITED, India
  • Ambuja Cements Ltd - India
  • India Bulls Power Limited - India
  • Global Coal Blending Company Limited - Australia
  • Orica Australia Pty. Ltd.
  • BNP Paribas - Singapore
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Kalimantan Lumbung Energi - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Bharathi Cement Corporation - India
  • KOWEPO - South Korea
  • Tanito Harum - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Malco - India
  • Argus Media - Singapore
  • GNFC Limited - India
  • Indian Oil Corporation Limited
  • Sinarmas Energy and Mining - Indonesia
  • Qatrana Cement - Jordan
  • Coal and Oil Company - UAE
  • Alfred C Toepfer International GmbH - Germany
  • Straits Asia Resources Limited - Singapore
  • Kaltim Prima Coal - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • NTPC Limited - India
  • HSBC - Hong Kong
  • ING Bank NV - Singapore
  • Trasteel International SA, Italy
  • Cosco
  • Ince & co LLP
  • Commonwealth Bank - Australia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • bp singapore
  • TNB Fuel Sdn Bhd - Malaysia
  • San Jose City I Power Corp, Philippines
  • Bulk Trading Sa - Switzerland
  • Vizag Seaport Private Limited - India