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Tuesday, 12 May 20
A GLOBAL ECONOMIC RESTART HAS SLOWLY BEGUN AS COUNTRIES AROUND THE WORLD GRADUALLY - ALLIED
 A global economic restart has slowly begun as countries around the world gradually set their return back to “normality”. Yet by all measures it seems that we will be far from normality for some time at least as the scars of the pandemic lockdown seem to be severe across all industries and nations. It is no surprise therefore how must are predicting very poor global GDP figures for 2020 while holding very skeptical opinions for 2021, says Allied Shipping Research in its latest research report.
According to George Lazaridis, Head of Research & Valuations of Allied Shipping, the US and Europe have been two of the worst hit economies, while in respect to the size of these two economies the ripple effects across the globe as part of the drop in consumer spending that has taken place and that is expected to unfold over the coming months in these two major economies is expected to be considerable.
Even China which has already eased back measures for some time now is showing signs of struggling to regain its previous momentum. In the midst of all this poor market sentiment, the global commodities trade is starting to buckle under the strain. Some such as crude oil have been shaken by events far reaching the global pandemic (both in a positive as well as in a negative manner), while others are finding it difficult to regain a bullish foothold given their significant reliance on global investments and consumer spending patterns. Yet many in the shipping industry still hold for an optimistic scenario playing out whereby some of the “lost” trade is recuperated over the coming months, helping as such feed a momentary rally that could help counter some of the freight rate earnings that were incurred during Q1 and Q2 of 2020.
George Lazaridis further noted that, all this seems well and good but to what extent can we really depend on a strong rally taking shape over the coming months and to what extent can this really bring back a balance to the global freight markets?
The issue is that although it is a certainty that due to the major trade disruptions that have unfolded over the past months, we are sure to see increased volumes emerge as the global economy opens up for business once more. Yet at the same time, given the extent and length of the disruptions that have been seen and coupled with the strong dampening effect that has been pressed on to global consumption levels, we are likely to see a fair share of this past and pre-sent lost activity being lost forever. To what extent is surely hard to calculate right now because a whole lot depends on market sentiment and appetite for speculative trading. Yet even if we were able to see a double digit percentage share of March, April and May trading volumes being shifted over to the summer months, this would surely be enough to bring about a strong shift in freight markets to the owners’ favor.
Head of Research & Valuations of Allied Shipping is also further said that, rates are still looking likely to climb by a fair bit and recover some of the “loses” incurred earlier on in the year (all this depending on the rolling back of lock down measures going smoothly and no resurgence in virus cases being noted). Yet it looks as though even with a positive rally taking place during Q3, the signs are troubling as to the potential prospects beyond that horizon. The final quarter of 2020 is likely to be considerably subdued, especially when compared to the typical seasonal patterns, while 2021 is looking ever more likely to at least start off on a fairly pessimistic note.
Given the drop in economic activity coupled with the sharp rise in unemployment figures in key economies, the road back to recovery is looking to be long and bumpy. It will likely take some time before we are able to recover from this shock, even when taking into consideration the vast amounts of support being provided by the likes of the FED, ECB and governments around the world George Lazaridis concluded.
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Tuesday, 02 June 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 0.86 PCT - XINHUA
China Taiyuan coal transaction price index stood at 123.95 points Monday, down 0.86 percent week on week.
The index, released by Chi ...
Tuesday, 02 June 20
THE HISTORIC DECLINE OF US COAL - WOOD MACKENZIE
The first commercial power plant in the US was Thomas Edison’s coal-fired Pearl Street station in lower Manhattan, which started operating in ...
Tuesday, 02 June 20
COAL INDIA'S MAY SALES DRIVEN SHARPLY LOWER BY SLUMP IN POWER DEMAND - REUTER
Coal India’s sales fell 23.3% in May as utilities refrained from purchases amid record stockpiles and tepid demand because of a nationwide lo ...
Tuesday, 02 June 20
TUAH TURANGGA AGUNG RECORDED 4.54 MILLION TONS OF COAL SALES IN THE FIRST FOUR MONTHS OF 2020
PT United Tractors Tbk through its subsidiary, PT Tuah Turangga Agung recorded 4.54 million tons of coal sales in the first four months of 2020, up ...
Tuesday, 02 June 20
SOURING SINO-AUSTRALIA TRADE RELATIONS - BALTIC EXCHANGE
Cooling relations between the commodity powerhouses of China and Australia may point to trade troubles ahead when the world emerges from the Covid- ...
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- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- SMC Global Power, Philippines
- PTC India Limited - India
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- White Energy Company Limited
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
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