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Tuesday, 10 March 20
SHIPPING MARKET ANALYSIS
 It might be already overstated, but it seems to be important to point out once again how peculiar the current circumstances are.
Before the start of the year, it was one of the favorite topics amongst participants in the shipping industry how challenging 2020 would be. However, no one could have guessed the level of this challenge. With some certainty, we can argue that Covid-19 spread will be a strong test, from a social, as well as an economical perspective. Instead of making further assumptions as to how the virus outbreak may or may not affect different market aspects, we could take things from a different angle and view hoping to better understand how different mechanisms are currently reacting to this unique situation, Thomas Chasapis, Research Analyst of Allied shipping Research said in his latest weekly report.
Thomas Chasapis further noted that, the global economic slowdown seems to be the inevitable outcome, emphatically evident from the recent trends being portrayed in global markets. Beyond this, the real question is as to how big this step back will eventually be. Week over week all forecasts regarding economic development and macroeconomic trends seem very prone to downward revisions, given that the virus spread seems to be more dynamic and unpredictable as time goes by. A glimpse of optimism was noted during the past weeks, given the decreasing rate of new cases testing positive to the COVID-19 virus in China. However, witnessing the hefty growth in cases reported in Italy (and across Europe), a strong wave of doubt and uncertainty has firmly hit the general economic environment. The discussions surrounding a wider quantitative easing will certainly help stabilize financial markets, a tool that has helped in many cases of severe downward pressure in the past. Regardless though of the effort made by central institutions and given the unpredictable time duration of this tail risk, it will eventually be a unique test as to the credit risks present in the financial industry. Furthermore, witnessing the steep collapse of more than 30% in oil price, the scene has become even more volatile. Theoretically, "cheap" oil would be a boost for growth and consumer spending power. However, when overall demand is, to say the least, fragile, in what way this "abundant" supply could affect the real economy seems rather questionable.
How does all the above translate over to the shipping industry? Thomas Chasapis, Research Analyst of Allied shipping Research says, certainly, the anticipation of a major step back in economic growth (which means respectively a significant slowdown in seaborne trade), can't be under any case be considered a "good" sign. A somehow opposing argument to this is the fact that dry FFA long-term contracts have increased since the beginning of the year. Maybe, this is just an optimistic opinion shared by a small minority, or maybe the fundamentals are strong, and this periodical affect is unrelated to the macro economical prospect of the dry bulk sector.
In any case, given the mixed macroeconomic environment, it would be wise to focus for the time being on the near-term picture noted in the dry bulk sector. The past couple of weeks the market seems to be in a state of transition, seemingly in a process of recovering from a freight market bottom (especially for the medium size segments – Panamaxes and Supramaxes). Time is the key variable here. As the virus spread doesn't seem to be yet under check, sentiment will turn ever more negative, while extra pressure will be applied to cash reserves and cash flows as well as to daily operating activities. On the other hand, the window of a steeper upward potential is growing, given the higher slippage rate of cargo volumes that potentially could take shape. This may well mean that we could see exaggerated returns take place from the early onset of the summer period.
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Tuesday, 31 March 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.43 PCT - XINHUA
China Taiyuan coal transaction price index stood at 132.17 points Monday, down 0.43 percent week on week.
The index, released by Chi ...
Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...
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Showing 1036 to 1040 news of total 6871 |
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- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Mjunction Services Limited - India
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- London Commodity Brokers - England
- GMR Energy Limited - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
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