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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 didn’t come last in the 38,000-person London Marathon, you came second last. That kind of incredible fall is the reason for the huge drops in demand for commodities and transport around the world. If you add that to German GDP data which reported a fall of 10.1% and lower growth rate than China at 3.2%, it does not make pretty reading.
The markets, of course, did not react particularly enthusiastically to the release of this news, adding further concern to the increasingly bleak world economic picture of a growing resurgence in the virus. European and American stock markets both fell – at the time of writing the FTSE 100 was off nearly 3% and the Dow Jones nearly 2% – with crude markets also selling off in the afternoon session.
If the apprehension of the hard facts from lockdowns across the world isn’t your thing, it’s probably best not to look at any of the news pages. Worldwide virus cases now stand at 17 million with over 660,000 deaths. Infection rates are spiking in some US states and South America is still struggling to contain the first wave of the virus. Things are looking so bad in the United States that is has prompted the President to suggest that November’s election should be postponed. If this says more about the situation in the US or more about the incumbent’s poll ratings is up for debate, but it is adding even more uncertainty to an out of control outbreak.
But don’t let that cheer you up too much. Whenever you are feeling down, just think about the iron ore market. Prices are still holding strong above the $100 mark with hopes of further Chinese government stimulus. Beijing is aiming to issue special local government bonds by the end of October as a stimulus for renewed infrastructure projects. Brazil is really doing its best – and largely succeeding – in increasing ore production, with hopes still alive for Vale to make its ambitious production target.
The dry freight markets may have received a bit of a hammering after their rise above the $30,000 per day, but late this week it has seen a bit of a resurgence on the Capes from around $16,500 back upwards towards the $20,000 level with people getting in fixtures before Friday’s Singapore holiday.
Oil markets had been plodding along in the $43 to $45 bracket for some time now, but that has shunted lower into a $42-44 range. Producers of gasoil and jet fuel would be particularly downhearted this week, with Thursday alone dealing out gasoil losses of nearly $30 per tonne from high to low. Fuel oil markets were less hard hit with VLSFO falling $17 from London opening Thursday and HSFO down $5, with crude down 1.2%. As has been noted several times, the airline industry’s slow comeback and the oversupply of products in the market, coupled with still relatively high refinery utilisation means that there isn’t any place for this product to go. All there is to do is sit and hope for as swift return of demand as possible.
As NASA launched its Perseverance rover from Cape Canaveral this week, blasting up into space on its seven-month journey to Mars, here back on earth things have been more of a sullen drop. Perhaps when the rover returns it may need to search for life amongst the markets on Earth. Ever the optimist, there is only really one way to go from here, but ouch, that’s one hell of a hit to the economy and one long journey back to normality.
Source: Freight Investor Services
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Wednesday, 14 April 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 1.10 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.05 points Monday, down 1.10 percent week on week.
The index, released by Chi ...
Wednesday, 14 April 21
MARKET INSIGHT - INTERMODAL
After a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP activity spiked in the previous weeks. O ...
Tuesday, 13 April 21
INDONESIAN COAL PRICE REFERENCE IN APRIL UP AGAIN ON FIRM DEMAND
COALspot.com: The Indonesia coal price reference for April 2021 settles at US$ 86.68 per ton FOB vessel.
The Indonesia coal pr ...
Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising ...
Monday, 12 April 21
GLOBAL COAL PRODUCTION EXPECTED TO RISE BY 3.5% IN 2021, SAYS GLOBALDATA
Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions obse ...
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- Renaissance Capital - South Africa
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Thiess Contractors Indonesia
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- The University of Queensland
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Parliament of New Zealand
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Australian Coal Association
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
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