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Thursday, 09 October 14
SHIPPING REMAINS CHALLENGED AS GLOBAL GROWTH DISAPPOINTS - BIMCO
The global shipping industry finds no grace from much stronger economic activity going forward, as the global recovery remains fragile and uneven. Shipping being a derived demand of global economic growth, will see lower demand in coming years, all other things being equal, than what was previously expected. This goes for all the major shipping segments, dry bulk, tankers and containerships.
The Update of the World Economic Outlook from the International Monetary Fund (IMF) has just been released. Headline global GDP growth is revised downwards by 0.1 and 0.2 for 2014 and 2015 respectively to reach 3.3% and 3.8%
The IMF points out that global investment has been weaker for some time now, limiting the prospects for higher growth going forward. This has led to a lowering of 2015 expected growth more or less across the board. Moreover the burden from the recent years of crisis still haunts, primarily the advanced economies. Whereas several emerging and developing economies which are running at a higher growth level, are been dragged down by poor export markets.
1. The US is expected to grow by 3.1% up by 0.5 from IMFs most recent July estimate. Employment numbers are strong, so now we higher wages are anticipated to follow suit soon in order to develop a sustainable economy for the future
2. In the Euro Area, German, France and Italy are all revised downwards by 0.4-0.5. This leaves Italy in negative territory for the third year running, at -0.2% for 2014. France is now expected to grow by 0.5% and Germany by 1.4% in 2014.
3. Forecast for India is up by 0.2% to 5.6% with China hanging in there at an unchanged 7.4% for 2014.
4. Finally, Russia is expected to take more hardship from its involvement in geopolitical uncertainties with Ukraine. IMF halved its forecast for 2015 growth in Russia now seen at 0.5% with 2014 still staying above water at 0.2%.
Chief Shipping Analyst at BIMCO, Peter Sand, said:
“The revised forecast from IMF was somewhat anticipated but the wide spread negatives seems to outweigh the positives this time around.
“Shipping being a derived demand of global economic growth, will see lower demand in coming years, all other things being equal, than what was previously expected.
“For container shipping it is positive that the US is now set to grow stronger even though demand from Euro Area weight in the other direction the sum of the parts are still positive.
Source: BIMCO / Hellencshipping
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Wednesday, 29 October 14
GOOD REASON WHY Q4 CAPESIZE OUTLOOK WAS SO BULLISH AT START OF THE YEAR - COMMODORE RESEARCH
COALspot.com: There was good reason why so many analysts' capesize outlook for Q4 was so very strong at the start of this year. Brazilian ...
Tuesday, 28 October 14
SGX'S FOB RICHARDS BAY COAL SWAP FOR DELIVERY Q1' 2015 CLOSED AT $ 68.07 ON 24 OCT
COALspot.com: API 4 FOB Richards Bay coal swap for Q4’ 2014 delivery decreased US$ 0.65 (-0.96%) month over month and increased US$ 1.79 (+2. ...
Tuesday, 28 October 14
SUB-BIT FOB INDONESIA COAL SWAP FOR Q1' 15 DELIVERY CLOSED 3.68% LOWER MONTH ON MONTH
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost month on month and gained day on day and week on week.
The swap has lost US ...
Monday, 27 October 14
GOVT PROMISES TO EASE LICENSING PROCEDURES IN MINING SECTOR - THE JAKARTA POST
The Energy and Mineral Resources Ministry’s directorate general for mineral and coal plans to simplify the complicated licensing procedures i ...
Monday, 27 October 14
FOB NEWCASTLE COAL SWAP FOR Q1' 15 DELIVERY CLOSED $ 0.10 LESSER THAN Q4' 14 CLOSING OF $ 53.27 PMT
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2014 delivery decreased US$ 1.43 (-2.61%) month over month and increased US$ 0.05 (+0.09% ...
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- India Bulls Power Limited - India
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- Sakthi Sugars Limited - India
- Deloitte Consulting - India
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- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
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- Metalloyd Limited - United Kingdom
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- Formosa Plastics Group - Taiwan
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- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- PTC India Limited - India
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
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