We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 05 May 20
SUPRAMAXES: YTD SLIDE HAS BEEN 45%, WITH THE AVERAGE FOR 2020 TCA HOLDING AT US$5,793 - ALLIED
 It has been almost three months since the WHO officially categorized the current coronavirus outbreak as a global pandemic, an outbreak that has brought the global economy to its knees, with borders closing, restrictions on imports being imposed and investors’ sentiment being devastated. The dry bulk market has not been immune to all this, with global trade having decreased considerably. However, it is worth taking a deeper examination as to what the major influence has been thus far, says Yiannis Vamvakas, Research Analyst of Allied shipping in his latest weekly report.
Yiannis Vamvakas further noted that, beginning with freight earnings, the year had already started on a sliding momentum in January, partially affected by the Chinese New Year festivities but also by the initial phase of the outbreak in China, but the truth is that a recovery was followed in most of the trade routes during February. However, that was only the beginning of the play as a fresh slump was soon to follow in March and April, leading the average TCE drop for all segments to below OPEX levels, putting owners under stress.
Analyzing each size segment separately, Yiannis Vamvakas said, we can note the following:
The average reduction in the Capesize market since the begging of the year has been 49% so far, while the average rate for 2020 thus far (US$5,746) is far below what was seen during the same period the past 2 years (US$8,231 in 2019 and US$12,686 in 2018), reflecting the severity of the hit.
In the Panamax sector, the YTD fall has been 34%, while the drop on the average TCE for 2020 has not been as severe, holding at US$6,937, while in 2019 the average was US$7,606 and in 2018 it was US$11,311.
For Supramaxes the YTD slide has been 45%, with the average for 2020 TCA holding at US$5,793, while the 2019 TCE was US$8,087 and 2018 TCE was US$10,921.
Finally, the drop since the beginning of the year in the Handy size segment has been 39%. The YTD 2020 average in this case has reached US$5,789, with the decline being more moderate compared to other sectors (US$ 6,077 in 2019, US$8,691 in 2018).
According to him, with regards to second-hand market activity for the dry bulk sector as a whole, there was also an important drop. This year we have seen approximately 107 dry bulk carriers changing hands, a drop of 33.5% compared to the respective activity of 2019 and 45% compared to 2018. The lack of interest from investors has been mainly witnessed during March and April, the period in which the pandemic was at its peak disruptive point in Europe and the US. The resilience in prices has also played a role here, with a resistance being noted as part of the consensus amongst most in the market that the effects of this crisis will just be temporary.
The ship recycling market has been hit hard as of late, though we were starting at fairly encouraging levels of activity leaving a figure of around 49 dry bulk units being sold for demolition this year, a remarkable feat given the closure of the market during most of April. It is worth mentioning that during the same 4-month period in 2019 we saw only 37 dry bulk vessels being recycled and 25 in 2018, said Yiannis Vamvakas.
Undoubtedly it has been a rough year for the dry bulk market so far, with the BDI falling into negative territory for the first time in its history, while Sale and Purchase activity has been trimmed as well, leaving little room for maneuvering. We do not expect things to magically change in the near future, but as major economies around the world start to reopen for business and sentiment starts to improve, the anticipation is for shift from negative to moderately positive to take place. However, as liquidity is stretched amongst some owners, further issues may start to arise, meaning that we are not in the clear just yet, he concluded.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 25 March 20
MARKET INSIGHT - INTERMODAL
There is no doubt that the Covid-19 pandemic crisis is a world-shattering event that will change the world as we know it. Societies are facing chal ...
Wednesday, 25 March 20
INDONESIA TO CANCEL RULES REQUIRING DOMESTIC SHIPS FOR COAL, PALM EXPORTS : REFINITIV
Indonesia's government will revoke rules requiring exporters of coal and palm oil to use domestic shipping companies for shipments, Coordinatin ...
Wednesday, 25 March 20
JAN-FEB 2020, INDONESIA SHIPPED 64.5 MLN TONNES OF COAL, UP +3.4% YOY - BANCHERO COSTA
In the 12 months of calendar 2019, Indonesia exported 386.4 mln tonnes of coal, according to vessel tracking data from Refinitiv. This represents a ...
Tuesday, 24 March 20
MARKET ANALYSIS - ALLIED
As countries around the world struggle to take back control of the ongoing COVID-19 pandemic the global economy shuts down bit by bit, leaving only ...
Tuesday, 24 March 20
THE TRIPLE SHOCK OF CORONAVIRUS IN SHIPPING: WILL IT LAST? - DREWRY
Transport capacity shortages, disruptions to supply chains and inability to plan since late January have been a dangerous combination. But will all ...
|
|
|
Showing 1046 to 1050 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Medco Energi Mining Internasional
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- The Treasury - Australian Government
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
|
| |
| |
|
