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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, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to ...
Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
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Showing 101 to 105 news of total 6871 |
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- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- MS Steel International - UAE
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Bhatia International Limited - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Ministry of Mines - Canada
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
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