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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, 20 May 20
ADARO ENERGY BOOKED A 5% INCREASE IN COAL PRODUCTION VOLUME Y-O-Y IN 1Q2020
PT. Adaro Energy Tbk, Indonesia’s one of the largest coal miner, booked a 5% increase in coal production volume year-over-year in 1Q2020. The ...
Wednesday, 20 May 20
BRAZIL SOYBEAN EXPORTS HAVE BEEN SURGING THIS YEAR - BANCHERO COSTA
Brazil soybean exports have been surging this year, thanks to a combination of strong demand from China, a bumper crop, and favourable exchange rat ...
Wednesday, 20 May 20
MARKET INSIGHT
Seafarers keep maritime trade going so that the food, raw materials, energy and manufactured goods on which so many depend can continue moving arou ...
Tuesday, 19 May 20
AMENDMENT OF THE INDONESIAN MINING LAW: TYING UP LOOSE ENDS - UMBRA
KNOWLEDGE TO ELEVATE
The finalized draft of Law on the amendment of the Mining Law (Bill) was publicly released on 11 May 2020 and was then ap ...
Monday, 18 May 20
TAKING ADVANTAGE OF VIRUS DISTRACTION - BALTIC EXCHANGE
As the industry grapples to deal with exceptional Covid-19-related challenges, a deeper threat is coming to the fore. At this time of crisis, more ...
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- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Planning Commission, India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Dalmia Cement Bharat India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Bukit Baiduri Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
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