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Tuesday, 07 April 20
SHIPPING MARKET ANALYSIS - ALLIED
 With the first quarter of 2020 now firmly written in the books, it is worth examining what we have witnessed so far in the tanker market. Undoubtedly it was a very interesting quarter with a significant freight boom taking place earlier in the year, tensions among oil producers creating volatile market conditions and the COVID-19 pandemic reshaping the global economic environment said Yiannis Vamvakas, Research Analyst of Allied Shipping in his latest weekly report.
Yiannis Vamvakas further noted that, the truth is that the recent developments as part of the pandemic have affected the whole global economy, diminishing demand for several oil products which in turn has started to show a slight trend in crude oil itself. Looking just at the BDTI index, we can see on absolute terms that the quarterly loss was 12.7%. This is a disappointing figure, Yiannis Vamvakas said, but not devastating especially when it is compared to the dry bulk market, proving that the oil market was able to resist the effects of the global economic downhill that is being witnessed. Adding to this, we noted that both the VLCC and Suezmax TCA have gained 164.4% and 37.7% respectively on a quarterly basis. It seems as though that had it not been for the catastrophic February, things may have been even better for the crude oil tanker segments.
The price war between oil producers has pushed Brent and WTI to record lows, helping demand remain healthy even under the current circumstances, while several tankers have been “taken out” of the global fleet in order to be used as storage. In contrary to all of this, we should note that the Aframax TCA moved in the opposite direction this past quarter, losing about 30.8%. Given that oil price is not expected to move significantly upwards in the coming months (obviously not considering any major shift in production plans of the main oil producers), we are anticipating interest from the charterers’ side to remain intense during the start of the 2nd quarter. Adding to this the glimpse of optimism reflected in the rebound noted in European stock markets on the back of the stabilization seen in the COVID-19 spread, and you could have the basis for a gradual improvement to take place.
Research Analyst of Allied Shipping further noted that, on the supply side, we have seen the global tanker fleet increase by 53 units during 1Q20, with 23 of them being crude oil carriers. This quarterly rise is around 1%, an encouraging figure when compared to the respective fleet expansion of 2.63% noted in 1Q19. On the supply side things remain positive for now, with interest for new-building orders having eased back as of late. However, it is likely that this trend will shift in the near future, as ship recycling activity will now be minimal due to the COVID-19 lockdown measures taken in the Indian Sub-Continent, while at the same time this pause noted in newbuilding activity is expected to be temporary. On the positive side though the orderbook to vintage fleet ratio (a figure that depicts the potential additions compared to potential demolition candidates) holds at fairly good levels. The ratio now holds for the VLCC segment at a mere 13.33%, for the Suezmax 24.00% and for the Aframax 7.89%, the lowest points noted the last 5 years.
Taking into consideration the resilience that crude oil tanker market has shown so far, we anticipate the market to remain on a positive track in the coming quarter, even if there are some signs of volatility emerging. The low-price of oil, the potential that the worst is now behind us and the healthy status of the supply side, all leave space for optimism. However, as we are deliberating on a market that is largely exposed to geo-political events and highly linked to the global economy, it is essential to remember that there could always be another “blank swan” hiding around next turn.
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Tuesday, 07 April 20
COAL INDIA'S DISPATCHES DROP, OUTPUT INCREASES - THE HINDU
India’s largest coal producer Coal India Ltd. (CIL) has seen a 10% fall in dispatches in March 2020 due to a sharp fall in demand from the po ...
Tuesday, 07 April 20
CORONAVIRUS AND LOCKDOWNS DRAG DOWN THE INDONESIAN COAL PRICE REFERENCE IN APRIL
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of the Indonesian ther ...
Monday, 06 April 20
A 52,000DWT SHIP FIXING DELIVERY SINGAPORE TRIP, VIA INDONESIA, REDELIVERY TAIWAN, AT $3,100 - 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 ...
Monday, 06 April 20
INDIA'S 21-DAY LOCKDOWN - IMPACT ON COMMODITIES? - WOOD MACKENZIE
India is under a three-week lockdown from 25 March, to contain the spread of the coronavirus outbreak. Wood Mackenzie analysts discuss what this me ...
Friday, 03 April 20
CHINA'S BENCHMARK POWER COAL PRICE DROPS SLIGHTLY - XINHUA
China’s benchmark power coal price dropped slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge ...
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Showing 1026 to 1030 news of total 6871 |
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- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
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