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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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Sunday, 08 January 23
ELEVATED COAL PRICE A DRAG ON MARGINS OF DOMESTIC BASE METAL PLAYERS: ICRA
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICR ...
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
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- Indonesian Coal Mining Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- The University of Queensland
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Minerals Council of Australia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Planning Commission, India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Carbofer General Trading SA - India
- AsiaOL BioFuels Corp., Philippines
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
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