We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 09 April 20
SUSPENSION OF WRONGFUL TRADING IN LIGHT OF COVID 19 - WF&W
KNOWLEDGE TO ELEVATE
DIRECTORS’ PERSONAL LIABILITY FOR WRONGFUL TRADING – RELIEF DURING THE CORONAVIRUS CRISIS
As the UK&rsquo ...
Wednesday, 08 April 20
LESSONS LEARNED FROM SCRUBBER INSTALLATION AND OPERATION - ABS
KNOWLEDGE TO ELEVATE
At the beginning of this year, the IMO’s global sulfur cap on marine fuels entered into force and shipowners who ch ...
Wednesday, 08 April 20
MARKET INSIGHT - INTERMODAL
With lockdown measures around the globe tightening during the last weeks of Q1, there is finally a feeling that most countries are slowly but stead ...
Tuesday, 07 April 20
SHIPPING MARKET ANALYSIS - ALLIED
With the first quarter of 2020 now firmly written in the books, it is worth examining what we have witnessed so far in the tanker market. Undoubted ...
Tuesday, 07 April 20
IS CHINA EMBARKING ON A MAJOR EXPANSION OF COAL-FIRED POWER GENERATION? - WOOD MACKENZIE
As energy companies worldwide grapple with the economic impact of the coronavirus pandemic, long-term planning continues. Ahead of the release of t ...
|
|
|
Showing 1021 to 1025 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Malabar Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Australian Coal Association
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- The University of Queensland
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Kohat Cement Company Ltd. - Pakistan
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
|
| |
| |
|
