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.
|
|
Saturday, 14 February 15
SHALE GAS AND TIGHT OIL ARE COMMERCIALLY PRODUCED IN JUST FOUR COUNTRIES - EIA
KNOWLEDGE TO ELEVATE
The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing com ...
Friday, 13 February 15
U.S. WEEKLY COAL PRODUCTION SHOWS 10% DECLINE
COALspot.com – United States the world's one of the largest coal producers, produced approximately 18.1 million short tons (mmst) of coal ...
Friday, 13 February 15
SMALL AND MEDIUM-SIZED SHIP OWNERS SQUEEZED OUT OF THE MARKET ON CRASHING DRY BULK MARKET AND EUROZONE CRISIS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Financing issues have started to tighten the noose in the throats of small and medium-size ship owners, who were already facing problems over the p ...
Thursday, 12 February 15
CAPESIZE: THE BEST DESCRIPTION FOR THE MARKET IS, FLAT - FEARNRESEARCH
Handy
The handy and supra market is also being affected by the marginal volume of activity in the commodity sales. We see a small upturn in the T ...
Thursday, 12 February 15
DRY BULK OWNERS SCRAP MORE VESSELS, AS MARKET REACHES HISTORICAL LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has reached historical lows this week, with the Baltic Dry Index (BDI) now trading at levels below operating expense levels for ...
|
|
|
Showing 3196 to 3200 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Ministry of Finance - Indonesia
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Planning Commission, India
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
|
| |
| |
|
