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, 18 February 20
CORONAVIRUS AND ITS IMPACT ON YOUR CONTRACT - CAN YOU RELY ON 'FORCE MAJEURE'? - INCE
KNOWLEDGE TO ELEVATE
On 30 January 2020, the World Health Organization (WHO) declared that the outbreak of the Novel Coronavirus (officially t ...
Monday, 17 February 20
IMO-2020 SULPHUR CAP - ISSUES TO CONSIDER PRIOR TO THE IMPLEMENTATION OF THE CARRIAGE BAN ON 1 MARCH 2020 - STANDARD CLUB
With the IMO 2020 global sulphur cap now in force, members should bear in mind another significant date in relation to the ‘carriage ban&rsqu ...
Monday, 17 February 20
COVID-19: THE EFFECT OF THIS PUBLIC HEALTH EMERGENCY ON CHARTERPARTY TERMS - GARD
KNOWLEDGE TO ELEVATE
Is it useful to compare the COVID-19 with earlier disease outbreaks?
A comparison with the Ebola outbreak ...
Saturday, 15 February 20
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - REUTERS
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Saturday, 15 February 20
CHEN ZHIDA: NOVEL CORONAVIRUS - IMPLICATIONS FOR CHARTERPARTIES - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Last month, the Club issued a bulletin on the 2019 Novel Coronavirus (COVID-19) which explained the origin of the virus a ...
|
|
|
Showing 1126 to 1130 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Planning Commission, India
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- The University of Queensland
- Singapore Mercantile Exchange
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
|
| |
| |
|
