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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, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...
Saturday, 28 March 20
ASIA'S COAL MARKETS DIVERGE ON QUALITY LINES AS CORONAVIRUS HITS INDIA - REUTERS
Asia’s seaborne coal market is increasingly diverging between higher-quality Australian coal, where prices are holding up despite the economi ...
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Showing 1036 to 1040 news of total 6871 |
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- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Planning Commission, India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
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