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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 $5, with crude down 1.2%. As has been noted several times, the airline industry’s slow comeback and the oversupply of products in the market, coupled with still relatively high refinery utilisation means that there isn’t any place for this product to go. All there is to do is sit and hope for as swift return of demand as possible.
As NASA launched its Perseverance rover from Cape Canaveral this week, blasting up into space on its seven-month journey to Mars, here back on earth things have been more of a sullen drop. Perhaps when the rover returns it may need to search for life amongst the markets on Earth. Ever the optimist, there is only really one way to go from here, but ouch, that’s one hell of a hit to the economy and one long journey back to normality.
Source: Freight Investor Services
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Wednesday, 08 January 20
WHAT IS BIMCO THINKING ABOUT 2020? - BIMCO
Every year, BIMCO considers what is in store for the shipping industry and for BIMCO in the coming years, while also reflecting on the year gone by ...
Wednesday, 08 January 20
VINACOMIN SETS TO SELL 49 MILLION TONNES OF COAL IN 2020 - VIETNAM NET
The Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) has set to sell 49 million tonnes of coal in 2020, a year-on-y ...
Wednesday, 08 January 20
CHINA'S COAL-RICH PROVINCE CUTS 18.95 MLN TONNES OF CAPACITY IN 2019 - XINHUA
North China’s Shanxi Province reduced its coal production capacity by 18.95 million tonnes by closing 18 coal mines in 2019.
A ...
Wednesday, 08 January 20
JANUARY INDONESIAN COAL PRICE REFERENCE SLIPS US$ 0.37 MOM
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Tuesday, 07 January 20
CLEANER AIR IN 2020: 0.5% SULPHUR CAP FOR SHIPS ENTERS INTO FORCE WORLDWIDE - EUROPEAN COMMISSION
From 1 January 2020, the maximum sulphur content of marine fuels is reduced to 0.5% (down from 3.5%) globally – reducing air pollution and pr ...
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Showing 1206 to 1210 news of total 6871 |
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- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Ambuja Cements Ltd - India
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Minerals Council of Australia
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- The University of Queensland
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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