We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 05 May 20
SUPRAMAXES: YTD SLIDE HAS BEEN 45%, WITH THE AVERAGE FOR 2020 TCA HOLDING AT US$5,793 - ALLIED
 It has been almost three months since the WHO officially categorized the current coronavirus outbreak as a global pandemic, an outbreak that has brought the global economy to its knees, with borders closing, restrictions on imports being imposed and investors’ sentiment being devastated. The dry bulk market has not been immune to all this, with global trade having decreased considerably. However, it is worth taking a deeper examination as to what the major influence has been thus far, says Yiannis Vamvakas, Research Analyst of Allied shipping in his latest weekly report.
Yiannis Vamvakas further noted that, beginning with freight earnings, the year had already started on a sliding momentum in January, partially affected by the Chinese New Year festivities but also by the initial phase of the outbreak in China, but the truth is that a recovery was followed in most of the trade routes during February. However, that was only the beginning of the play as a fresh slump was soon to follow in March and April, leading the average TCE drop for all segments to below OPEX levels, putting owners under stress.
Analyzing each size segment separately, Yiannis Vamvakas said, we can note the following:
The average reduction in the Capesize market since the begging of the year has been 49% so far, while the average rate for 2020 thus far (US$5,746) is far below what was seen during the same period the past 2 years (US$8,231 in 2019 and US$12,686 in 2018), reflecting the severity of the hit.
In the Panamax sector, the YTD fall has been 34%, while the drop on the average TCE for 2020 has not been as severe, holding at US$6,937, while in 2019 the average was US$7,606 and in 2018 it was US$11,311.
For Supramaxes the YTD slide has been 45%, with the average for 2020 TCA holding at US$5,793, while the 2019 TCE was US$8,087 and 2018 TCE was US$10,921.
Finally, the drop since the beginning of the year in the Handy size segment has been 39%. The YTD 2020 average in this case has reached US$5,789, with the decline being more moderate compared to other sectors (US$ 6,077 in 2019, US$8,691 in 2018).
According to him, with regards to second-hand market activity for the dry bulk sector as a whole, there was also an important drop. This year we have seen approximately 107 dry bulk carriers changing hands, a drop of 33.5% compared to the respective activity of 2019 and 45% compared to 2018. The lack of interest from investors has been mainly witnessed during March and April, the period in which the pandemic was at its peak disruptive point in Europe and the US. The resilience in prices has also played a role here, with a resistance being noted as part of the consensus amongst most in the market that the effects of this crisis will just be temporary.
The ship recycling market has been hit hard as of late, though we were starting at fairly encouraging levels of activity leaving a figure of around 49 dry bulk units being sold for demolition this year, a remarkable feat given the closure of the market during most of April. It is worth mentioning that during the same 4-month period in 2019 we saw only 37 dry bulk vessels being recycled and 25 in 2018, said Yiannis Vamvakas.
Undoubtedly it has been a rough year for the dry bulk market so far, with the BDI falling into negative territory for the first time in its history, while Sale and Purchase activity has been trimmed as well, leaving little room for maneuvering. We do not expect things to magically change in the near future, but as major economies around the world start to reopen for business and sentiment starts to improve, the anticipation is for shift from negative to moderately positive to take place. However, as liquidity is stretched amongst some owners, further issues may start to arise, meaning that we are not in the clear just yet, he concluded.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 31 March 20
COAL POWER REMAINS IN GLOBAL DECLINE, DESPITE CHINESE SURGE - SYDNEY MORNING HERALD
The impact of coronavirus has prompted a surge in coal-fired power plant construction permits in China, with the Chinese government issuing more pe ...
Monday, 30 March 20
CORONAVIRUS - IMPLICATIONS FOR SHIPS AND CREW - GARD
KNOWLEDGE TO ELEVATE
Countries around the world are strengthening their border control measures in order to prevent the further spread of COVI ...
Monday, 30 March 20
LAY-UP AND RE-ACTIVATION REVISITED - GARD
KNOWLEDGE TO ELEVATE
The COVID-19 pandemic has affected the maritime industry in previously unthinkable ways. Ports around the world are denyi ...
Monday, 30 March 20
PANAMAX: INDONESIA LACKED VOLUME, PARTLY DUE TO FORCE MAJEURE IN INDIAN PORTS - BALTIC BRIEFING
Capesize
As Covid-19 continued to ratchet up tensions across the globe, the Cape market dealt with the change to remote working. Most regions o ...
Saturday, 28 March 20
ASIA'S COAL MARKETS DIVERGE ON QUALITY LINES AS CORONAVIRUS HITS INDIA - REUTERS
Asia’s seaborne coal market is increasingly diverging between higher-quality Australian coal, where prices are holding up despite the economi ...
|
|
|
Showing 1036 to 1040 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Minerals Council of Australia
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Indonesian Coal Mining Association
- Parliament of New Zealand
|
| |
| |
|
