We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 29 September 20
SHIPPING MARKET - ALLIED
 Here we are, just a short breath before the final quarter of the year, and many are now debating to what extent we can really expect a firm dry bulk market to take shape in the final few months of 2020.
Amidst a tail risk regime, it would be rather risky to rest in "known" assumptions and past experiences, trying to choose the best "strategy", even in the case of a short-term outlook. This year has its unique characteristics, being in the midst of a transition over to a different and new era, in terms of how we conduct business, or even how we value risk.
Still though, it is too early to say if these trends of late are really here to stay. For the time being and with some sort of certainty, we can say that this shock event will leave its mark. Based on this, can we expect global markets to react differently compared to what we have seen up to now in the event of any further escalations being noted to the current Covid-19 pandemic?
In March, the hit was immediate and strong, despite the false (at the time) impression, that it was a shock of short-term magnitude. Given that it is a macroeconomic problem, how can global markets respond to "closed" economies, disruptions and strict restrictions. We have known unknowns, but also, unknown unknowns.
The freight market was one of those markets hardest hit by the onset of the pandemic. There was a clumsy negative dive in realized returns, that many instantly compared it to the market of 2016. However, year-to-date average earnings have outperformed those of 2016. This, on the other hand, doesn't overturn the tremendous step back being noted, both in terms of sentiment and actual earnings.
This situation rather supports the argument that chasing periodical opportunities and minimizing risks, as key aspects for a successful business model under the current market regime. A strong example is the Capesize market, that may well finish the 3rd quarter above the US$ 20,000/day mark (a relatively strong figure for the time period) that suggests that ample fundamentals still exist to support such periodical "rebounds".
Forward sentiment, measured by current levels in the paper market, is also in favor of a relatively "good" freight market for the remaining part of the year. Closing numbers for contracts with expiration dates within this year have noticed a fair boost for most of the size segments during the past month. However, a sharp correction is being noted for contracts involving the 1st quarter of 2021. Whether this view is based solely on typical seasonality pressures, or a hypothetical peak of another wave of market disruptions as part of the pandemic, is still unknown. If we were to experience a strong escalation in the pandemic, it is unlikely that this will only affect the start of the new year and have no significant negative effect on rates for the final part of this year.
In other words, the timing of relevant positions in the market can prove essential and challenging, given the market's vulnerability, volatility and fragile status. As a closing though, all this could have a deeper impact on the Sale and Purchase. With a fair bit of bullish sentiment now possibly on the crisp of spilling over into the SnP market, we could potentially see a fairly "robust" picture portrayed both in terms of activity and asset prices during the final months of 2020. For the time being, over-all year-to-date activity seems to be lagging behind compared with what was seen during the last couple of years. Given the good momentum noted since the start of the summer, we could see a vivid sales market add optimism and subdue any excessive dissonance from other volatile sub-markets.
Thomas Chasapis
Research Analyst
Allied Shipping Research
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 30 September 20
MARKET INSIGHT - INTERMODAL
Spot rates for Capesize bulk carriers received a significant boost last week, however, there are certain reservations in the market regarding the p ...
Tuesday, 29 September 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.73 PCT - XINHUA
China Taiyuan coal transaction price index stood at 125.91 points Monday, up 0.73 percent week on week.
The index, released by China ...
Tuesday, 29 September 20
INDONESIAN COAL COMPANIES' EARNINGS TO WEAKEN IN 2H20 - FITCH RATINGS
Rated Indonesian coal miners and contractors will have weaker operating and financial performances in the second half of 2020 than in the first, sa ...
Tuesday, 29 September 20
RUSSIA'S COAL PRODUCTION TO DROP BY 10.5% IN 2020, SAYS MINISTRY - TASS
Russia’s Economic Development Ministry projects a 10.5% decrease in coal production in the country in 2020 compared with last year to 395 mln ...
Monday, 28 September 20
NEW LNG PROJECTS - ALL DRESSED UP AND NO PLACE TO GO - WOOD MACKENZIE
It was meant to be another boom year. After a record 70 mmtpa of new LNG capacity was sanctioned in 2019, at least as much capacity was lined up fo ...
|
|
|
Showing 771 to 775 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sree Jayajothi Cements Limited - India
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Price Waterhouse Coopers - Russia
- Rio Tinto Coal - Australia
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Australian Coal Association
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Bhatia International Limited - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- PTC India Limited - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
|
| |
| |
|
