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.
|
|
Monday, 20 June 16
THE BDI HAS FELL 23 POINTS WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities declined this past week. The BDI was fell 3.77 percent fr ...
Friday, 17 June 16
CHINA'S NEW POLICY TO REDUCE WASTE IN RENEWABLE ENERGY - FITCH
Chinese renewable energy producers are likely to benefit from a new policy that guarantees a minimum amount of solar and wind power is purchased in ...
Friday, 17 June 16
KOMIPO INVITES BIDS FOR BITUMINOUS COAL FOR BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 780,000 Metric Tons of Bituminous Coal for its B ...
Friday, 17 June 16
U.S WEEKLY COAL PRODUCTION UP 7.7% - EIA
COALspot.com – U.S., the world’s one of the largest coal producer has produced approximately totalled an estimated 12.9 million short t ...
Wednesday, 15 June 16
THE DRY BULK PRICES CORRECTED UPWARDS ROUGHLY 15% - KONSTANTINOS KONTOMICHIS
Once more, the international shipping community turned its attention to Greece and more specifically to Attica that hosted Posidonia, the biggest m ...
|
|
|
Showing 2391 to 2395 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- PTC India Limited - India
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- McConnell Dowell - Australia
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- GMR Energy Limited - India
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Videocon Industries ltd - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
|
| |
| |
|
