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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, 17 January 23
CHINA'S SHANXI TARGETS 2023 COAL PRODUCTION OF NEARLY 1.37B TONS - XINHUA
China’s coal-rich province of Shanxi has set a coal production target of nearly 1.37 billion metric tons for 2023, according to a government ...
Tuesday, 17 January 23
MARKET INSIGHT - INTERMODAL
Rumor has it that the New Year has come, to set the pace in, for Russia to continue hostilities against Ukraine. Ten months on the go, into Russia& ...
Tuesday, 17 January 23
INDONESIA IS ACCOUNTING FOR 32.3% OF THE GLOBAL SEABORNE COAL MARKET IN 2022 - BENCHERO COSTA
After a slow start in the first quarter, global coal trade has really picked up pace last year, and is now fully back to pre-Covid levels, Benchero ...
Tuesday, 10 January 23
INDONESIAN HBA IS SEEING A SPIKE IN JANUARY 2023 INSTEAD OF A SIGNIFICANT FALL IN DECEMBER 2022
COALspot.com: Indonesian Coal Price Reference up 8.43% in January 2023.
HBA is seeing a dramatic spike in January 2023 i ...
Sunday, 08 January 23
INDIAN COAL POWER PLANTS SHOULD BE COMPENSATED FOR 2022 FORCED GENERATION – REGULATOR : REUTERS
Indian power plants that rely on imported coal should be fully compensated when forced to supply electricity, the country’s power regulator s ...
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- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Barasentosa Lestari - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Australian Coal Association
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
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