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Thursday, 07 May 20
CRUDE OIL TANKER EARNINGS DROP 68% IN NINE DAYS - BIMCO
 Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China dropping 68% in just nine days (from USD 222,591 per day on 22 April to USD 71,885 per day on 4 May). In the same period, daily VLCC earnings from the Middle East Gulf to the US Gulf have plunged nearly 80% (from USD 162,433 per day to USD 36,249).
The window of extraordinary earnings closed at the end of April with the OPEC+ oil production cuts of 9.7 m/bpd on 1 May, reducing the flood of oil in the market. The tanker market is now challenged by a collapse in oil demand as a result of the coronavirus outbreak.
The oil supply and demand shocks of 2020
The oil tanker market has enjoyed a paradise of profitability, but very much on borrowed time since the outbreak of the oil price war. As the oil supply shock abates, the effect of the unprecedented oil demand shock, estimated to be a drop of 23.1 m/bpd in the second quarter (source: IEA), will set in.
Perhaps, second only to a coronavirus vaccine, oil storage has been the most sought-after item in recent months. This has been reflected in the skyrocketing crude oil tanker time-charter rates brought about by oil suppliers and traders seeking to charter ships for floating storage.
The uptick in floating storage in 2020, temporarily removing capacity from the market, is not expected to provide a silver lining that can offset the faltering demand and overcapacity. One can only hope that the strong earnings have fortified the cash reserves of oil tanker companies for the treacherous months that lie ahead.
Source: BIMCO
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Saturday, 09 May 20
ANGLO AMERICAN CONSIDERS SPINNING OFF SOUTH AFRICAN COAL OPERATIONS - REUTERS
Diversified miner Anglo American said on Thursday it prefers unbundling and listing its thermal coal operations in South Africa on the Johannesburg ...
Friday, 08 May 20
THE COLLAPSE OF THE OIL AND BUNKER FUEL MARKETS IN EARLY 2020 - PETER SAND
The sulphur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the centre stage in the shipp ...
Friday, 08 May 20
LNG DEMAND FACED SEVERAL HEADWINDS IN THE FIRST QUARTER OF 2020 - GASLOG
LNG demand faced several headwinds in the first quarter of 2020 including a warmer than average winter in the northern hemisphere, high inventory l ...
Thursday, 07 May 20
IEEFA UPDATE: THE OUTLOOK FOR THERMAL COAL IN SOUTHEAST ASIA AND SOUTH ASIA
Seven headwinds are building to sustained growth in coal in Asia
The medium term outlook for thermal coal in Southeast Asia is posit ...
Thursday, 07 May 20
IMO 2020: BUNKER CLAIMS HANDLING GUIDE FOR A NEW DECADE - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
IMO 2020 is the term generally used to describe the following regulations under Annex VI of the International Convention ...
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- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- The University of Queensland
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Economic Council, Georgia
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Australian Coal Association
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- MS Steel International - UAE
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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