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Tuesday, 10 March 20
SHIPPING MARKET ANALYSIS
 It might be already overstated, but it seems to be important to point out once again how peculiar the current circumstances are.
Before the start of the year, it was one of the favorite topics amongst participants in the shipping industry how challenging 2020 would be. However, no one could have guessed the level of this challenge. With some certainty, we can argue that Covid-19 spread will be a strong test, from a social, as well as an economical perspective. Instead of making further assumptions as to how the virus outbreak may or may not affect different market aspects, we could take things from a different angle and view hoping to better understand how different mechanisms are currently reacting to this unique situation, Thomas Chasapis, Research Analyst of Allied shipping Research said in his latest weekly report.
Thomas Chasapis further noted that, the global economic slowdown seems to be the inevitable outcome, emphatically evident from the recent trends being portrayed in global markets. Beyond this, the real question is as to how big this step back will eventually be. Week over week all forecasts regarding economic development and macroeconomic trends seem very prone to downward revisions, given that the virus spread seems to be more dynamic and unpredictable as time goes by. A glimpse of optimism was noted during the past weeks, given the decreasing rate of new cases testing positive to the COVID-19 virus in China. However, witnessing the hefty growth in cases reported in Italy (and across Europe), a strong wave of doubt and uncertainty has firmly hit the general economic environment. The discussions surrounding a wider quantitative easing will certainly help stabilize financial markets, a tool that has helped in many cases of severe downward pressure in the past. Regardless though of the effort made by central institutions and given the unpredictable time duration of this tail risk, it will eventually be a unique test as to the credit risks present in the financial industry. Furthermore, witnessing the steep collapse of more than 30% in oil price, the scene has become even more volatile. Theoretically, "cheap" oil would be a boost for growth and consumer spending power. However, when overall demand is, to say the least, fragile, in what way this "abundant" supply could affect the real economy seems rather questionable.
How does all the above translate over to the shipping industry? Thomas Chasapis, Research Analyst of Allied shipping Research says, certainly, the anticipation of a major step back in economic growth (which means respectively a significant slowdown in seaborne trade), can't be under any case be considered a "good" sign. A somehow opposing argument to this is the fact that dry FFA long-term contracts have increased since the beginning of the year. Maybe, this is just an optimistic opinion shared by a small minority, or maybe the fundamentals are strong, and this periodical affect is unrelated to the macro economical prospect of the dry bulk sector.
In any case, given the mixed macroeconomic environment, it would be wise to focus for the time being on the near-term picture noted in the dry bulk sector. The past couple of weeks the market seems to be in a state of transition, seemingly in a process of recovering from a freight market bottom (especially for the medium size segments – Panamaxes and Supramaxes). Time is the key variable here. As the virus spread doesn't seem to be yet under check, sentiment will turn ever more negative, while extra pressure will be applied to cash reserves and cash flows as well as to daily operating activities. On the other hand, the window of a steeper upward potential is growing, given the higher slippage rate of cargo volumes that potentially could take shape. This may well mean that we could see exaggerated returns take place from the early onset of the summer period.
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Wednesday, 04 March 20
CORONAVIRUS: A WILDCARD FOR BULKS DEMAND - WOOD MACKENZIE
The coronavirus is casting a shadow across commodity markets. It has undermined China’s economic sentiment, putting the country’s growt ...
Wednesday, 04 March 20
THERMAL COAL TO 'PHASE OUT', STRONG DEMAND FOR COKING COAL: PLATO - SYDNEY MORNING HERALD
Plato Investments managing director Don Hamson says Australian iron ore producers are set to benefit in the fallout from coronavirus as China will ...
Wednesday, 04 March 20
CHINA PROVINCE TO CLOSE 10 MLN TONNES OF COAL CAPACITY IN 2020 - XINHUA
Southwest China’s Guizhou Province plans to phase out 10 million tonnes of outdated coal production capacity by closing 80 coal mines in 2020 ...
Wednesday, 04 March 20
UKRAINE PRODUCED OVER 2.55 MLN TONNES OF COAL IN FEBRUARY - UKRINFORM
In February 2020, Ukraine produced over 2.55 million tonnes of coal, which is 0.2% less than planned.
The Coal Miners Union of Ukrai ...
Tuesday, 03 March 20
IMPORTANCE OF MASTER'S CARGO CHECKS - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
Adecision in recent High Court case has made it clear that there is no implied indemnity from a charterer to their counte ...
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Showing 1096 to 1100 news of total 6871 |
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- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
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