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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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Wednesday, 15 July 20
MARKET INSIGHT - INTERMODAL
The Covid-19 virus spread around the world has obviously impacted the global oil demand while the situation remains fluid. The overall constraint ...
Tuesday, 14 July 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.75 PCT - XINHUA
China Taiyuan coal transaction price index stood at 126.01 points Monday, up 0.75 percent week on week.
The index, released by China ...
Tuesday, 14 July 20
TURKEY - A CASE OF UNDECLARED BUNKER - GARD
KNOWLEDGE TO ELEVATE
Undeclared/excess bunkers can be considered a criminal act by Turkish customs officials with the ship's crew being ac ...
Monday, 13 July 20
PANAMAX: A TUMULTUOUS WEEK IN THE PANAMAX MARKET ENSURED ALL MARKETS GAINED VALUE ON THE WEEK - BALTIC BRIEFING
Capesize
This week witnessed the dreaded correction in the Capesize market, with the time charter average shedding almost 18 per cent to close ...
Friday, 10 July 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
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- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- VISA Power Limited - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
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