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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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Thursday, 09 April 20
SUSPENSION OF WRONGFUL TRADING IN LIGHT OF COVID 19 - WF&W
KNOWLEDGE TO ELEVATE
DIRECTORS’ PERSONAL LIABILITY FOR WRONGFUL TRADING – RELIEF DURING THE CORONAVIRUS CRISIS
As the UK&rsquo ...
Wednesday, 08 April 20
LESSONS LEARNED FROM SCRUBBER INSTALLATION AND OPERATION - ABS
KNOWLEDGE TO ELEVATE
At the beginning of this year, the IMO’s global sulfur cap on marine fuels entered into force and shipowners who ch ...
Wednesday, 08 April 20
MARKET INSIGHT - INTERMODAL
With lockdown measures around the globe tightening during the last weeks of Q1, there is finally a feeling that most countries are slowly but stead ...
Tuesday, 07 April 20
SHIPPING MARKET ANALYSIS - ALLIED
With the first quarter of 2020 now firmly written in the books, it is worth examining what we have witnessed so far in the tanker market. Undoubted ...
Tuesday, 07 April 20
IS CHINA EMBARKING ON A MAJOR EXPANSION OF COAL-FIRED POWER GENERATION? - WOOD MACKENZIE
As energy companies worldwide grapple with the economic impact of the coronavirus pandemic, long-term planning continues. Ahead of the release of t ...
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Showing 1021 to 1025 news of total 6871 |
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- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Trasteel International SA, Italy
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
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