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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, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Monday, 01 June 20
SUPRAMAX: IN SOUTH EAST ASIA RATES TRADED SIDEWAYS - BALTIC BRIEFING
Capesize
A sober end to the week, with the market seemingly ready for the weekend. After a steady week of rate declines a small flurry of Atlan ...
Friday, 29 May 20
COVID-19: COAL SUPPLY BY CIL TO POWER SECTOR DIPS 22% TO 32 MT IN APRIL DUE TO DEMAND SLUMP - PTI
Over 95% of CIL’s production comes from its 171 open cast mines.
The supply of coal to the power sector by state-owned Coal In ...
Friday, 29 May 20
AUSTRALIA'S NEW HOPE WARNS OF HIT FROM COAL PRICE SLUMP - REUTERS
Australia’s New Hope Corp Ltd said on Thursday that a sudden drop in thermal coal prices and lower output from its Queensland operations woul ...
Friday, 29 May 20
GOVT MAY LAUNCH COAL BLOCKS AUCTION PROCESS UNDER COMMERCIAL MINING ON JUN 11 - PTI
The Centre is likely to launch the process of coal blocks auction under commercial mining on June 11 and around 50 mines are expected to go under t ...
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- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Coalindo Energy - Indonesia
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Eastern Energy - Thailand
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Dalmia Cement Bharat India
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