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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
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Vedanta Resources Plc - India
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Australian Coal Association
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- MS Steel International - UAE
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Planning Commission, India
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
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