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Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
 Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China dropping 68% in just nine days (from USD 222,591 per day on 22 April to USD 71,885 per day on 4 May). In the same period, daily VLCC earnings from the Middle East Gulf to the US Gulf have plunged nearly 80% (from USD 162,433 per day to USD 36,249).
The window of extraordinary earnings closed at the end of April with the OPEC+ oil production cuts of 9.7 m/bpd on 1 May, reducing the flood of oil in the market. The tanker market is now challenged by a collapse in oil demand as a result of the coronavirus outbreak.
The oil supply and demand shocks of 2020
The oil tanker market has enjoyed a paradise of profitability, but very much on borrowed time since the outbreak of the oil price war. As the oil supply shock abates, the effect of the unprecedented oil demand shock, estimated to be a drop of 23.1 m/bpd in the second quarter (source: IEA), will set in.
Perhaps, second only to a coronavirus vaccine, oil storage has been the most sought-after item in recent months. This has been reflected in the skyrocketing crude oil tanker time-charter rates brought about by oil suppliers and traders seeking to charter ships for floating storage.
The uptick in floating storage in 2020, temporarily removing capacity from the market, is not expected to provide a silver lining that can offset the faltering demand and overcapacity. One can only hope that the strong earnings have fortified the cash reserves of oil tanker companies for the treacherous months that lie ahead.
Source: BIMCO
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Friday, 10 July 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 10 July 20
GLOBAL SHIPPING EARNINGS FORECAST CUT AS SUPPLY SET TO OUTSTRIP DEMAND - MOODY'S
EBITDA forecast worsens, keeping outlook negative. We now expect the aggregate EBITDA of rated shipping companies to fall by around 16%-18% in 2020 ...
Friday, 10 July 20
SLOW RECOVERY IN TANKER RATES TO WEIGH ON BUANA LINTAS LAUTAN - FITCH RATINGS
Fitch Ratings believes that international tanker rates are likely improve after their sharp fall since May 2020, albeit at a slow pace. The weaknes ...
Wednesday, 08 July 20
MARKET INSIGHT - INTERMODAL
During the previous month, the dry bulk market witnessed an impressive increase in the BDI index that has reached 1800 points from 500 with a clear ...
Tuesday, 07 July 20
COAL INDIA WORKERS STRIKE CUTS OUTPUT BY 56%: OFFICIAL - REUTERS
A strike at Coal India Ltd cut production by 56% in the three days ending July 4 as workers oppose opening up coal mining to the private sector, a ...
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- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Planning Commission, India
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Australian Coal Association
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- VISA Power Limited - India
- Minerals Council of Australia
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