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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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Sunday, 14 June 20
INDONESIAN COAL WAS STILL IN DEMAND; A 52,000-DWT SUPRAMAX FIXING DELIVERY CJK FOR A ROUND VOYAGE VIA INDONESIA AT $6,250 - BALTIC BRIEFING
Capesize
The Capesize market made new highs for the year this week after strong iron ore demand to the far east continued to develop in the mar ...
Friday, 12 June 20
CHINA CURBS COAL IMPORTS AFTER 5 MONTHS OF RECORD INFLOWS - SOURCES: REUTERS
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as ...
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create dema ...
Friday, 12 June 20
MOODY'S REVISES BRENT OIL PRICE OUTLOOK TO $35/BARREL IN 2020 - TASS
Low oil prices are likely to exert the highest pressure on Iraq, Oman and Kuwait due to the limited space for the fiscal policy pursuit and higher ...
Thursday, 11 June 20
JAN-MAY, INDONESIA SHIPPED 175.15 MILLION TONS OF COAL TO ITS OVERSEAS BUYERS
Indonesia's coal production for the first 5 months of this year have reached 228 million tons. January – May 2020, Indonesia shipped US$ ...
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Showing 911 to 915 news of total 6871 |
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- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Planning Commission, India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Aditya Birla Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
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