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.
|
|
Tuesday, 05 October 21
CAPESIZE MARKET WAS IN A STEEP CLIMB FOR MOST OF THIS WEEK - BALTIC EXCHANGE
Capesize
The Capesize market was in a steep climb for most of this week as it reached a pinnacle of $74,786 Wednesday before stalling, regather ...
Wednesday, 29 September 21
THE WRITING IS ON THE WALL: AUSTRALIA’S COAL ERA IS OVER - YAHOO!FINANCE
As the fringe of Australian politics strives to pump up the coal industry, facts show that coal production has started its long run decline.
&n ...
Wednesday, 29 September 21
SURGING COAL PRICES SPLIT ASIAN BUYERS INTO RICH AND POOR - REUTERS
As seaborne coal in Asia trades at, or near, record highs, there are early signs of demand destruction, especially among price-sensitive buyers suc ...
Wednesday, 29 September 21
MARKET INSIGHT - INTERMODAL
Tanker Asset values have surprised to the upside, despite the downward pressure on the freight market. Tanker rates have been hovering close to the ...
Tuesday, 28 September 21
THE MAIDEN EDITION OF DIVE TECHNOLOGY SUMMIT 2021 CONCLUDES SUCCESSFULLY
Press Release: DIVE TECHNOLOGY SUMMIT 2021, a one-day conference on the recent technological advancements in the Industrial Diving industry conclud ...
|
|
|
Showing 471 to 475 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- The University of Queensland
- Posco Energy - South Korea
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Indian Energy Exchange, India
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
|
| |
| |
|
