We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 22 July 22
MARKET INSIGHT - INTERMODAL
 Faced with uncertainty regarding the most cost-efficient alternative fuels and the future dominant method to reduce their greenhouse emissions, many owners abstain from the newbuilding realm, especially in the wet and dry sector, while sticking to ageing fleets. During 1H22, fleet grew by 1.4% (est. 2.8% in 2022), which is way below the 10-year average growth of 3.6%. While new orders are not coming in fast enough to halt the trend of an ageing fleet, the introduction of EEXI, CII and EU ETS at the beginning of 2023, has resulted in a record of 61% of newbuild orders being alternative fuelled.
According to our data, tanker fleet renewal remains muted across 1H22. Overall, 31 vessels have been ordered within 2022 in the wet sector (with the orderbook standing at 5% of fleet capacity), of which 1 is methanol & ammonia ready, 1 is methanol fuelled, 2 are battery powered and 2 are LNG fuelled. With risks to the tanker demand still prevailing on the back of macroeconomic factors and high oil prices, the tanker market has witnessed significantly improved conditions in recent months, underpinned by shifts in trade patterns resulting in tonne-mile increase. Low stocks, paired with high refinery margins are expected to further boost trade growth in seaborne volumes and tonne-miles and contribute to the revival of an ageing fleet.
On the dry front, contracting activity hit low levels, partly on the back of uncertainty over decarbonization trends. Current orderbook stands at 7% of the fleet capacity, marking a 30-year low, which suggests a very limited growth capacity. According to our records, 85 bulkers have been ordered during 1H22, of which 5 are LNG fuelled or dual-fuelled, 3 being ammonia-ready/fuelled and 25 meeting EEDI phase 3 standards. Overall, 14 % of the total orderbook are alternative fuel capable, with Capesize segment leading the decarbonization pathway.
On the container front, however, the market sentiment is bullish with an orderbook at 28% of the fleet capacity. Amid disruptions to the world trade caused by the pandemic and a shortage of new vessels, freights have been rallying and therefore, fuelling owners’ appetite for boxhsips, which has prevailed during 1H22. More specifically, out of the total of 295 vessels ordered, 57 are dual-fuelled and LNG fuelled, 32 are methanol and ammonia-ready, while 31 meet EEDI phase 3 standards.
Newbuilding ordering activity has further been supported by the recent spree in LNG contracts. According to our data, contracting activity in the sector hit record highs with a total of 112 new vessels ordered within 2022, boosting the orderbook to 37% of the fleet capacity. Berths for the Qatar LNG project are monopolizing the owners’ interest, providing further support to the market. Out of the total of 112 vessels, 32 are booked for the Qatari project and 6 of them are dual or LNG-fuelled. Further supported by growth in LNG tonne-mile trade on the back of the sanctions on Russian gas from EU/US, and the recently announced plan for expansion of Qatar’s mega-plant and Cheniere’s Corpus Chritsti plant, market sentiment for LNG contracting activity remains firm.
By Chara Georgousi
Research Analyst
Compiled by:
Intermodal Research & Valuations
Analysts:
Yiannis Parganas
Tamara Apostolou
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.
|
|
Sunday, 13 December 20
LONGSTANDING DOWNSIDE RISKS TO TRADE OUTLOOK - BALTIC EXCHANGE
The OECD has attempted to put a positive spin on the trade message emanating from its latest economic outlook, released last week.
The ...
Sunday, 13 December 20
INDONESIA COAL OUTPUT AT 514 MILLION TONNES THIS YEAR, 2021 TARGET UNCHANGED - REUTERS
Indonesia coal output in the period to Dec. 10 stood at 514.2 million tonnes, official data from the energy ministry’s website showed.
&n ...
Thursday, 10 December 20
MALAYSIA'S CIMB ANNOUNCES COAL FINANCING PHASE-OUT BY 2040 AS ASIA'S FOSSIL FUEL DIVESTMENT DRIVE ACCELERATES - IEEFA
The first emerging markets bank to announce a progressive coal exit policy
Malaysia’s CIMB Group Holdings (CIMB) has announced ...
Wednesday, 09 December 20
MARKET INSIGHT - INTERMODAL
Heading towards the end of a difficult year and with the entire planet under the shadow of the covid-19 virus, it is interesting to proceed with a ...
Tuesday, 08 December 20
MARKET ANALYSIS - ALLIED SHIPPING
It is now undisputed that oil consumption for 2020 will post a considerable drop, as demand for several petroleum products has plummeted since the ...
|
|
|
Showing 711 to 715 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The University of Queensland
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Kumho Petrochemical, South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
|
| |
| |
|
