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Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
 Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you didn’t come last in the 38,000-person London Marathon, you came second last. That kind of incredible fall is the reason for the huge drops in demand for commodities and transport around the world. If you add that to German GDP data which reported a fall of 10.1% and lower growth rate than China at 3.2%, it does not make pretty reading.
The markets, of course, did not react particularly enthusiastically to the release of this news, adding further concern to the increasingly bleak world economic picture of a growing resurgence in the virus. European and American stock markets both fell – at the time of writing the FTSE 100 was off nearly 3% and the Dow Jones nearly 2% – with crude markets also selling off in the afternoon session.
If the apprehension of the hard facts from lockdowns across the world isn’t your thing, it’s probably best not to look at any of the news pages. Worldwide virus cases now stand at 17 million with over 660,000 deaths. Infection rates are spiking in some US states and South America is still struggling to contain the first wave of the virus. Things are looking so bad in the United States that is has prompted the President to suggest that November’s election should be postponed. If this says more about the situation in the US or more about the incumbent’s poll ratings is up for debate, but it is adding even more uncertainty to an out of control outbreak.
But don’t let that cheer you up too much. Whenever you are feeling down, just think about the iron ore market. Prices are still holding strong above the $100 mark with hopes of further Chinese government stimulus. Beijing is aiming to issue special local government bonds by the end of October as a stimulus for renewed infrastructure projects. Brazil is really doing its best – and largely succeeding – in increasing ore production, with hopes still alive for Vale to make its ambitious production target.
The dry freight markets may have received a bit of a hammering after their rise above the $30,000 per day, but late this week it has seen a bit of a resurgence on the Capes from around $16,500 back upwards towards the $20,000 level with people getting in fixtures before Friday’s Singapore holiday.
Oil markets had been plodding along in the $43 to $45 bracket for some time now, but that has shunted lower into a $42-44 range. Producers of gasoil and jet fuel would be particularly downhearted this week, with Thursday alone dealing out gasoil losses of nearly $30 per tonne from high to low. Fuel oil markets were less hard hit with VLSFO falling $17 from London opening Thursday and HSFO down $5, with crude down 1.2%. As has been noted several times, the airline industry’s slow comeback and the oversupply of products in the market, coupled with still relatively high refinery utilisation means that there isn’t any place for this product to go. All there is to do is sit and hope for as swift return of demand as possible.
As NASA launched its Perseverance rover from Cape Canaveral this week, blasting up into space on its seven-month journey to Mars, here back on earth things have been more of a sullen drop. Perhaps when the rover returns it may need to search for life amongst the markets on Earth. Ever the optimist, there is only really one way to go from here, but ouch, that’s one hell of a hit to the economy and one long journey back to normality.
Source: Freight Investor Services
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Tuesday, 25 August 20
INDIA'S IMPORTS FALL AS LOCKDOWNS IMPACT THE POWER AND INDUSTRIAL SECTORS - REPORT
India is the world’s second largest thermal coal consumer and importer, importing an estimated 211 million tonnes of thermal coal in 2019.&nb ...
Monday, 24 August 20
A COMBINATION OF DEVELOPMENTS DROVE THE FALLOFF COAL PRICES - CHIEF ECONOMIST’ OFFICE, AUSTRALIA
China, rising domestic production combined with subdued power demand;
India, a lockdown coupled with government directives that fav ...
Monday, 24 August 20
AUSTRALIA'S THERMAL COAL EXPORTS ARE FORECAST TO DROP FROM AN ESTIMATED $20 BILLION IN 2019-20 TO $16 BILLION IN 2020-21: REPORT
Thermal coal spot prices have fallen sharply as the impact of COVID-19 drives a contraction in seaborne trade for only the second time this century ...
Saturday, 22 August 20
REPORT SEES INDIA’S RELIANCE ON THERMAL POWER DROPPING TO 50% IN 2021, 43% IN 2026 - ET ENERGY | IEEFA
India’s dependence on thermal power will reduce to 50 per cent by 2021-22 and 43 per cent by 2026-27 on the back of renewable energy (RE) cap ...
Friday, 21 August 20
323 MILLION ELECTRIC VEHICLES WILL BE ON THE ROADS BY 2040 - WOOD MACKENZIE
Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new ...
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- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Australian Coal Association
- The University of Queensland
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Minerals Council of Australia
- Marubeni Corporation - India
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Global Green Power PLC Corporation, Philippines
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