We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 22 March 23
MARKET INSIGHT - INTERMODAL
 The crude tanker market continues to gather momentum as we head towards the end of 1Q2023, against a backdrop of strong U.S. exports paired with a steady recovery of Chinese demand for crude.
U.S. crude exports are set to climb to 140.4 million barrels in March, versus 108.2 million barrels in February, amid a surge in domestic crude inventories, which currently hover close to 480,063 million barrels, almost 30,000 million barrels above the 5-year average and by 66.2 million barrels up from December 2022. More specifically, the surge occurred despite an increase in refinery rates after a strong maintenance season, while it was primarily driven by an increase in Gulf Coast crude inventories, which climbed to their highest since April 2021. China and Europe have been reportedly the biggest importers of U.S crude in March. As Europe and Asia look for supplies, U.S. crude oil exports, which have been bolstered by a change in trade flows following Russia's invasion of Ukraine, will continue to rise this year providing support to the tanker market.
Europe’s demand for U.S. crude is forecast to remain elevated in the coming weeks, as we head toward the peak summer season for crude buying. Moving forward, we should expect to see a boost in the USG to Europe (TD25) Aframax freight rates, which eased earlier this month due to the increased vessel supply in the U.S. Gulf. In addition, following January’s record of 385,133 barrels per day (bpd) of US crude exports to Europe shipped on VLCCs, we should expect to see some support in VLCC freights, as medium and heavy sour grades from the U.S. to Europe are increasingly being booked on larger sizes, a trend established back in 2022.
In the meantime, market sentiment firmed following the release of OPEC+’s report last week, which raised the forecast of Chinese oil demand to 710,000 barrels per day (bpd), amid expectations of surging jet fuel and diesel consumption. China’s crude imports remain robust and above the 40 million MT mark for eight consecutive months since August 2022. In March, China’s crude oil imports are assessed at 47.27 million MT, a 4.4% m-o-m increase. Imports from the U.S. are set to hit a 2.5-year high, pivoted by a recovery in demand and competitive prices compared to Middle Eastern supplies. Crude imports from the U.S. are forecast to remain elevated in 2Q and 3Q, amid a widening WTI/Dubai, which last week widened to 10$ per barrel, the widest since August 2022. In the coming weeks, we could see continued Chinese purchases of crude because of rising domestic demand and amid a drop in domestic inventories following increased refining demand.
VLCC fundamentals are unquestionably the most positive, driving rates up, as they were the first to stabilize as a result of recovering Chinese demand. Robust U.S. exports to China have been particularly beneficial for VLCC vessels. VLCC freight rates hover well above their 2022 average, while ton-miles remain elevated, underpinned by strong demand in the USG to China (TD22) route.
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.
|
|
Wednesday, 21 June 23
CHINA'S MAY COAL IMPORTS FROM AUSTRALIA RECOVER TO PRE-BAN LEVELS - REUTERS
Australian coal sales to China increased in May, as trade resumed between them even as overall coal demand weakened against an uncertain macroecono ...
Monday, 19 June 23
DROUGHT-DEPLETED HYDROPOWER DRIVES CHINA TO TURN TO COAL - REUTERS
China has leant hard on coal-fired power plants as well as wind and solar generators to make up for a shortfall in hydroelectric generation as a re ...
Monday, 19 June 23
CHINA COAL OUTPUT UP 4.2 PCT IN MAY - XINHUA
China’s raw coal output posted steady growth in May, official data showed.
The country produced 390 million tonnes of raw coal ...
Wednesday, 24 May 23
AMMONIA-FUELLED BULK CARRIERS WITHIN FIVE YEARS - BALTIC EXCHANGE
Within five years, ships powered by clean ammonia could be a feature on the iron ore trade routes between West Australia and East Asia.
A study ...
Tuesday, 23 May 23
CHINA'S APRIL COAL OUTPUT LEAPS 11% ON YEAR, BUT DEMAND DOWNTURN LOOMS - REUTERS
China’s daily coal output in April jumped 11% from the same month a year earlier, boosted by Beijing’s order to increase supply to ensu ...
|
|
|
Showing 96 to 100 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- White Energy Company Limited
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
|
| |
| |
|
