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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, 24 March 21
MARKET INSIGHT - INTERMODAL
Since the start of the pandemic, the shipping industry has efficiently responded to ensure the continuity of operations and hence the security of s ...
Tuesday, 23 March 21
LOWER WHOLESALE PRICES PUT PRESSURE ON AUSTRALIAN ENERGY RETAILERS - FITCH RATINGS
Fitch Ratings expects the low wholesale energy prices in the Australian National Energy Market to persist through to 2022, which will affect electr ...
Tuesday, 23 March 21
SCRUBBER-FITTED SHIPS NEARLY DOUBLE AS FUEL SPREAD SETTLES AT $118 PER MT - PETER SAND
As the lion’s share of the world fleet replaced high-sulphur fuel oil (HSFO) with low-sulphur fuel oil (LFSO) as a mean of propulsion to be c ...
Tuesday, 23 March 21
CHINA'S COAL OUTPUT EDGES UP IN FIRST TWO MONTHS - XINHUA
China’s raw coal output rose 25 percent year on year to 620 million tonnes in the first two months of 2021, official data showed.
...
Wednesday, 17 March 21
MARKET INSIGHT - INTERMODAL
Shipping market players are familiar with the inverse correlation between the freight market and demolition activity i.e. when the market picks up ...
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Showing 616 to 620 news of total 6871 |
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- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Aditya Birla Group - India
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Independent Power Producers Association of India
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
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