We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 24 June 20
MARKET INSIGHT - INTERMODAL
 The World Bank estimates that the global economy will fall by 5.2% this year, underlining that the Covid-19 pandemic has had rapid and massive consequences despite the implementation of unprecedented programs to support local economies.
In its report on the Global Economic Outlook the World Bank points out that in the developed economies the decline will be in the order of 7%, while in emerging ones 2.5%. This is the deepest recession the planet has known since World War II, and 70 to 100 million people may find themselves below the poverty line. This revised forecast shows that the damage to the global economy will be worse than estimated in April by the International Monetary Fund that estimated a global contraction of 3% for 2020. China has announced it will not set a growth target for 2020, as the country will focus on stabilizing employment and ensuring the living standards of its citizens.
While addressing the 13th National People’s Congress, China’s Prime Minister, Li Keqiang, said the decision not to set a development goal was related to the uncertainty caused by the Covid-19 pandemic. According to the report shared at the conference, China will focus on maintaining security in the financial sector, foreign trade, foreign investment and domestic investment. The report also listed six areas the world’s second-largest economy should focus on, namely; job security, basic living needs, the functioning of market bodies, food and energy safety, stable industrial and supply chains and the normal functioning of first-level functions.
In the oil sector, the U.S. government is seeking to put an end to oil exports, Venezuela’s main source of revenue, in order to weaken President Nicolas Maduro government. It may even extend its sanctions to a dozen more tankers. So many oil companies are reviewing their plans to charter tankers found in Venezuela over the past twelve months. According to Reuters, Chinese oil companies may soon cease chartering any tanker that arrived in Venezuela during the last year. The aim is to avoid blacklisting if the US decides to impose sanctions on more ships that engage in commercial activities with Caracas.
As far as the dry bulk sector is concerned, we are witnessing a very impressive increase in the BDI index in the past two weeks, with the strong momentum pushing the index above the 1500 points barrier. It is worth noting that on June 1st the BDI closed at 520 points and the Capesize index at 82 points with average daily earnings for the big bulkers at $ 3,648/day. Within 15 days both the BDI and BCI increased by more 139% 2,893% respectively, while the average daily fare of Capes went up by 448.9%. Based on the positive market sentiment and the momentum that is inspiring it, the recovery of the ground lost in the past months appears to be even closer now.
By Zisis Stylianos
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Mr.George Panagopoulos
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 01 August 20
SHIP SHAPE - OUCH: FIS
Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you ...
Saturday, 01 August 20
ASIA HOPE FOR LONG-TERM OIL DEMAND - BALTIC BRIEFING
Oil demand in Asia Pacific might be expected to plunge 1.8m barrels per day (bpd) this year, but there are still strong prospects for growth over t ...
Friday, 31 July 20
SHORT-TERM IMPACT ON THE CHEMICAL SHIPPING MARKET IF THE INDIA-CHINA DISPUTE ESCALATES - DREWRY
Due to the India-China dispute, the threat of deteriorating trade relations between the two countries has become real. Meanwhile, we expect freight ...
Friday, 31 July 20
PANAMAX: THE PERIOD MARKET REMAINS QUIET WITH FEW FIXTURES REPORTED - FEARNLEYS
Capesize
After weeks of dropping rates, there are finally some resistance for the Capes. Pacific rounds improving to upper15,000s by the middle ...
Friday, 31 July 20
PANDEMIC SENDING SOUTH AFRICAN COAL INDUSTRY TO EARLIER GRAVE - IEEFA
Could South Africa’s coal export industry, one of the largest in the world, be about to take a severe hit from the coronavirus?
...
|
|
|
Showing 851 to 855 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- London Commodity Brokers - England
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Romanian Commodities Exchange
- The University of Queensland
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Globalindo Alam Lestari - Indonesia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- Kartika Selabumi Mining - Indonesia
|
| |
| |
|
