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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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Monday, 29 June 20
CHINA COAL IMPORT OUTLOOK: MANY MOVING PARTS, FORECAST TO FALL 10% YOY - GHEE PEH | IEEFA
China’s coal demand declined in the first quarter of 2020. According to the China National Coal Association, the country consumed 870mt in th ...
Monday, 29 June 20
ULTRAMAX: A 58,000 FIXING DELIVERY SINGAPORE TRIP, VIA EAST COAST INDIA, REDELIVERY CHINA IN THE LOW $12,000S - BALTIC BRIEFING
Capesize
As the halfway mark of 2020 arrives, the capesize market is making new highs for the year. From persistent lows earlier caused by a ba ...
Saturday, 27 June 20
CHINA'S BENCHMARK POWER COAL PRICE REMAINS FLAT - XINHUA
China’s benchmark power coal price remained flat during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Friday, 26 June 20
WHAT TODAY'S BAILOUTS CAN DO FOR TOMORROW'S ECONOMIES - WORLD ECONOMIC FORUM
The COVID-19 crisis provides an opportunity for governments to build fairer, more sustainable and more resilient economies.
Governments a ...
Thursday, 25 June 20
ALL YOU WANT TO KNOW ABOUT COAL MINE AUCTIONS - THE HINDU BUSINESS LINE
Last week, Prime Minister Narendra Modi threw open the auction of 41 coal blocks for commercial mining. The decision, which was part of the announc ...
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- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- PTC India Limited - India
- The University of Queensland
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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