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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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Thursday, 04 June 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 ...
Thursday, 04 June 20
DON'T FORGET THE REAL PURPOSE OF RISK ASSESSMENTS - GARD
KNOWLEDGE TO ELEVATE
When doing a risk assessment, we often overcomplicate it and forget its real purpose.
Rather than ensuring that crew ...
Wednesday, 03 June 20
MARKET INSIGHT - INTERMODAL
Once again shipping is about to venture into uncharted waters and before the challenges of the past decade are forgotten, shipowners will have to o ...
Tuesday, 02 June 20
KOSPO LOOKING FOR 80000 MT OF 4200 NCV COAL FOR JULY
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 80,000 Metric Tons (MT) 4200 NCV coal for 12 - 21, July ...
Tuesday, 02 June 20
INDONESIAN COAL MINER BUMI RESOURCES Q1 OUTPUT UP 5% - REUTERS
Indonesia’s largest coal miner Bumi Resources posted a 5% increase in first-quarter output at 20.8 million tonnes, the company said in a stat ...
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- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- The University of Queensland
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Wilmar Investment Holdings
- Parliament of New Zealand
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Bhatia International Limited - India
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
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