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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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Wednesday, 27 May 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.94 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.03 points Monday, up 0.94 percent week on week.
The index, released by China ...
Monday, 25 May 20
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
Non-OPEC oil supply continued to increase by 2.0 mb/d in 2019, driven by US shale production, which rose by 1.7 mb/d, amounting to 84% of total non ...
Sunday, 24 May 20
A 63,000 FIXED DELIVERY VIETNAM TRIP VIA INDONESIA REDELIVERY KOSICHANG AT $8,500 - BALTIC BRIEFING
Capesize
After a week of bounce momentum the market appears to have stalled out once again. The Capesize 5TC has more than doubled since last F ...
Saturday, 23 May 20
COLOMBIA COAL OUTPUT DOWN 7.2% IN Q1 ON LOW PRICES, CORONAVIRUS LOCKDOWN - REUTERS
Coal production in Colombia, the world’s fifth-largest coal exporter, fell 7.2% in the first quarter because of low prices and coronavirus qu ...
Saturday, 23 May 20
EWP INVITES BIDS FOR 840,000 METRIC TONS OF MIN 5700 NAR COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd (EWP) has Issued an International Tender for total Max 840,000 Metric Tons of min 5 ...
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- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- The University of Queensland
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
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