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Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
 In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance even after the banning of Russian oil delivered by sea, Russian refined products will be banned within Q1--2023 and crude oil will be banned in December 2022.
Prior further expanding on what is Europe's plan to tackle the energy crisis its important to explain that most of European countries are interconnected on a power grid, which allows energy traders / countries to buy and sell energy on the spot depending on their needs / forecast at that time. Without the Grid infrastructure the energy cost for million households the past year could have been considerably higher than what we've faced.
Last week Berlin moved with seizing the local refining unit of Rosneft in Schwedt, meantime their government is also working to nationalize Uniper SE, steps towards a direction to be more dependent and further control the energy production. Up to now we still haven't seen Russia's retaliation on that move.
Now European diesel buyers are stepping up, the Russian diesel still trades on a discount, but not at the discount traders were enjoying on May, i.e., $30pmt but anything between $6pmt to $10pmt for NEW and Med respectively. Worth mentioning that due to price backwardation (oil prices expected to be lower than the price if were supposed to be bought today) traders are still avoiding cargo stocking as their not adding any value on their books.
Russia to year still supplied 44% of the total diesel supply and Rosneft posted a 13$ rise in midyear profit.
The East CPP MR and LR market remains bullish, with MR's leading the race in Feast markets, at present the MR Pacific basket is averaging $67,000 pdpr. Moving to MEG and WCI market softens slightly but still very healthy rates for MR's and LR1's. 35KT SIKKA/JAPAN stand at $38,000 pdpr and TC5 55KT AG/JAPAN $54.593 PDPR.
MR Atlantic basket has significantly improved since early December with TC2 (37KT ARA/USAC OR WAF stands at $30,441 pdpr for USAC discharge and $35,676 pdpr for WAF. The Backhaul from USG performs poorly if compared to last week $13,598 pdpr and LR1 60KT ARA/WAF $36,000 pdpr.
While Europe is still working on keeping us from freezing the upcoming winter, many traders and government officials express their concerns on how we will manage to keep the engine running under these harsh conditions.
By Dimitris Kourtesis
Tanker Broker
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.
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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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Showing 26 to 30 news of total 6871 |
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- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- CNBM International Corporation - China
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Planning Commission, India
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- White Energy Company Limited
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
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