We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 17 June 20
MARKET INSIGHT - INTERMODAL
 After experiencing record earnings during the first half of the year, the focus of headlines concerning the tanker market has shifted from the developments regarding the pandemic outbreak and geopolitical tensions to the challenges that the sector is now facing. The considerable slowdown in momentum is evident on rates across the board, with expectations for the remainder of the year being gloomy so far.
During the past months, the steep drop in oil products demand caused by COVID-19 had been overshadowed by the developments on oil supply and prices. When Russia and Saudi Arabia, two of the biggest oil producing countries, engaged in a price war back in April, they flooded the market with millions of extra barrels each day, pushing prices to unprecedented lows. At the same time, demand was collapsing. Contango markets were shaped and encouraged traders to buy and store oil on shore and on vessels like never before. Tonnage availability was tight and freight rates climbed to record levels. Indicatively, VLCC earnings reached as much as USD 280,000 per day during April, whereas the ‘clean’ products trade of LR2 and LR1 ships reached about USD 170,000 per day and USD 115,000 per day respectively.
However, since then, the market woke up to reality of poor demand for products globally, while at the same time the contango play is no longer attractive with oil prices having moved up to much healthier levels. More and more vessels used as storage are now entering the market, when at the same time refineries around the world are cutting production in order to adjust to poor demand. The effects on the freight market are already evident. At the time of this writing, VLCCs are earning USD 40-50,000 per day, LR2s about USD 20,000 per day and LR1s as low as USD 10,000 per day.
Taking into account that oil products account for about 60% of the transportation demand and that many parts of the world are still under lockdown and face travel restrictions, the outlook for the rest of the year is rather challenging. The Energy Information Administration (EIA) estimates that global oil demand will be about 8m bpd lower in 2020 than last year. Major products’ demand such as gasoline and jet fuel are down about 17% and 60% respectively since the beginning of the year and the recovery appears to be slow. In shipping terms, this would be more than 6% decrease in demand for product tankers this year, while the fleet growth in the sector is expected to be about 0.7%.
It seems that for as long as the economic impact from the pandemic keeps unravelling, global demand will remain restricted and uncertainty will keep prevailing in the tanker market, adding more pressure to freight rates as a result.
By Stelios Kollintzas
Tanker Chartering Broker
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 13 September 18
SHIPPING IS INCREASINGLY CAUGHT IN THE TRADE WAR LINE OF CROSSFIRE - PETER SAND
Once again, the already long list of tariffed goods has been made even longer. Many more commodities were hit on 23 August, but September is likely ...
Wednesday, 12 September 18
THE INTERRELATIONSHIP BETWEEN LETTERS OF INDEMNITY AND CHARTERPARTY "TIME BAR" PROVISIONS - STANDARD CLUB
KNOWLEDGE TO ELEVATE
Introduction
A recent English Court of Appeal decision provides important guidance on the applicability of charterpar ...
Wednesday, 12 September 18
IS LNG POISED FOR A NEW GROWTH CYCLE? - WOOD MACKENZIE
Gas needs to work for its long-term sustainability. But the mood music is upbeat. Just 18 months ago the LNG market was depressed, anticipating an ...
Wednesday, 12 September 18
U.S. TOTAL COAL EXPORTS TO BE 107 MMST IN 2018 AND 101 MMST IN 2019 - EIA
EIA forecasts U.S. coal production will decline by 1% to 768 million short tons (MMst) in 2018, despite a 10% (10 MMst) increase in coal exports.
...
Wednesday, 12 September 18
MARINE BUNKERS: THE END OF THE WORLD AS WE KNOW IT - IBIA
KNOWLEDGE TO ELEVATE
The world of bunkers is heading for rapid and fundamental changes and not just because of the 0.50% sulphur cap in 2020. ...
|
|
|
Showing 1621 to 1625 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Agrawal Coal Company - India
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- The University of Queensland
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
|
| |
| |
|
