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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, 12 February 20
MARKET INSIGHT - INTERMODAL
The recent Coronavirus outbreak in China has led to a global health emergency by World Health Organization and it is yet to be seen how long the ph ...
Wednesday, 12 February 20
CHANGES IN LNG MARKET COULD UNDERCUT PLANS FOR NEW JAPANESE COAL PLANTS - CLYDE RUSSELL
Reuters: Clyde Russell
The collapse in the spot price of liquefied natural gas (LNG) in Asia is a short-term phenomenon that may wel ...
Wednesday, 12 February 20
THE SHIPPING INDUSTRY SEES FREIGHT MARKETS IN A COMPLETE STATE OF COLLAPSE AS DEMAND GETS PARALYZED DUE TO CORONAVIRUS OUTBREAK - ALLIED
With China and the world still trying to contain the effects and come to terms with the Wuhan novel coronavirus outbreak, the shipping industry see ...
Wednesday, 12 February 20
WORLD STEEL PRODUCTION IN 2019 - BANCHERO COSTA
In a worrying development, global steel production slowed down considerably in the fourth quarter of 2019. In the final 3 months of 2019, total cru ...
Sunday, 09 February 20
SUPRAMAX: THE ASIAN ARENA STRUGGLED, A 50,000DWT SHIP FIXING A COAL RUN FROM EAST KALIMANTAN TO INDIA AT $2,000 - THE BALTIC BRIEFING
Capesize
The Capesize market endured another dreadful week of calamitous rate level falls, as the usual season low Q1 period combined with rece ...
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Showing 1141 to 1145 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Planning Commission, India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Australian Coal Association
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Maheswari Brothers Coal Limited - India
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Deloitte Consulting - India
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