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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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Tuesday, 16 June 20
SHALE SHOCKED - WOOD MACKENZIE
Capturing shut-ins in real time
Oil markets are searching for balance as the world reflects on the impact of the COVID-19 pandemic. ...
Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
Capesize
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the mar ...
Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create dema ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
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Showing 911 to 915 news of total 6871 |
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- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- The University of Queensland
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
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