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Tuesday, 31 March 20
DRY BULK: Q1 HAS BEEN THE WORST QUARTER NOTED FOR MORE THAN 3 YEARS NOW - ALLIED RESEARCH
 At this point, the Covid-19 pandemic seems to be monopolizing all market (as well as all other) discussions across the world and any market insight without some sort of mention would be a major disconnect with the current reality being faced. As of late, the “eye of the storm” of this pandemic is now firmly over Europe and the US (a very large share of the world’s largest economies), while it seems that we are ever further away from any end in sight right now, said Thomas Chasapis, Research Analyst, Allied shipping Research in his last weekly report.
Allied research further said, putting the focus back on to the shipping industry, during the 1st quarter of the year the setback noted on the whole of the dry bulk market has been considerable in more ways than one. Just to begin with, it has been the worst quarter noted for more than 3 years now, with most indicators pointing to the fact now that the recovery cycle that has been taking place over the past 3 years may well have come to an abrupt end. More emphatically the any other size segment, it is of note that the Capesize market has seen a close to 80% reduction in its BCI 5TC -3month average figure as of now, reflecting in its most part, how problematic things have been for this size segment.
In terms of the other major size segments in the dry bulk market, Thomas Chasapis noted that, things don’t seem to have been as dramatic in terms of earnings, though we should point out the relative “clampdown” being noted in the second hand market for a while now, underlining the damaged sentiment that is currently being shared amongst most market participants and possibly pointing towards a further downward pressure in freight rates to be in sight in the near-term. At the same time and given that asset price levels (though taking note that we are witnessing limited activity right now) have yet to show any sharp correction, this deterioration in sentiment may well be limited. As to how long this could last remains to be seen, while given the shared opinion that is being expressed right now of a considerable market rally to be noted down the line (later in the year), we may well note a possibility that any such price correction, or at least any significant one, may well never arrive.
He further noted that, given that we are functioning under a tail risk event, things are even harder to “predict”. Yet it is worth noting that any major step back in the global economy would result in an equal or even more severe drop in seaborne trade as well. However, even if total annual traded volumes were to fall, the amassed volume of cargoes that will accrue from the extended period of business disruptions could create an asymmetrical distribution in earnings, that may prove to be enough to shift average annual earnings back to more “optimistic” levels. In other words, the rebound in the freight market during the latter part of the year could be equally impressive to the drop noted now. On the other hand, it is worth noting that there is a significant unknown as to the timing of this as well as to its extent.
Many in the shipping industry are coming face to face now with very difficult decisions for the upcoming period. As things stand they can either take the choice to remove some the risks they hold under these mediocre to poor market conditions being faced, or they could chose to push their credit and cash flow to their limits and take the long shot of a steep upward return they may or may not take place at some point down the line, Thomas Chasapis concluded.
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Thursday, 16 April 20
CHINA'S BENCHMARK POWER COAL PRICE FALLS 5 YUAN PER TONNE - XINHUA
China’s benchmark power coal price fell by 5 yuan (about 70 U.S. cents) per tonne during the past week.
The Bohai-Rim Steam-Co ...
Thursday, 16 April 20
MARKET INSIGHT - INTERMODAL
As everyone anticipated the results of the OPEC + G20 meeting last week, it was very interesting to watch the reaction of tanker rates that were in ...
Monday, 13 April 20
SUPRAMAX: A 56,000DWT SHIP WAS FIXED DELIVERY PARADIP, REDELIVERY CHINA, AT $4,700 - BALTIC BRIEFING
Capesize
The Capesize market this past week looks to have come off life support and found some improved sentiment. The week began rather ordina ...
Saturday, 11 April 20
FAQ: COVID-19 AND CLUB COVER - UK P&I
KNOWLEDGE TO ELEVATE
The Coronavirus (COVID-19) pandemic has generated a significant number of enquiries and questions from Members in recent ...
Saturday, 11 April 20
KOEN POWER PLANTS INVITED BIDS FOR 1.5 -1.62 MMT OF STEAM COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 1,500,000-1,620,000 Metric Tons (M ...
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Showing 1016 to 1020 news of total 6871 |
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- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- The University of Queensland
- Anglo American - United Kingdom
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
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