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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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Friday, 04 July 14
PARAM MITRA COAL RESOURCES SECURES US$ 7.5M INVESTMENT FROM TEMBUSU PARTNERS
Param Mitra Coal Resources Pte Ltd (“PMCR”), which owns two operating coal mines in Indonesia, has secured from Singapore private equit ...
Thursday, 03 July 14
BUMI TRANSFERS 19% OF KPC STAKE VALUED AT US$ 950 MILLION TO CIC
COALspot.com: PT. Bumi Resources announces that 19% of its holdings in Kaltim Prima Coal (KPC), valued at US$ 950 million, has been transferred to ...
Thursday, 03 July 14
PANAMAX : IN THE ATLANTIC, OWNERS ARE WILLING TO FIX AT ABOUT $2.5K PER DAY - FEARNEYS
Handy
In its latest weekly report, shipbroker Fearneys noted that, this week seems to have been more of a wait and see game between owners and ch ...
Wednesday, 02 July 14
NEWMONT FILES FOR INTERNATIONAL ARBITRATION ON ORE EXPORT BAN - THE JAKARTA POST
PT Newmont Nusa Tenggara (NNT), a subsidiary of United States-based Newmont Corporation, has filed for international arbitration against the govern ...
Wednesday, 02 July 14
THE PANAMAX MARKET CONTINUED TO BLEED FOR ANOTHER WEEK - INTERMODAL
COALspot.com: The Dry Bulk market succumbed to mounting pressure this past week, while the Capesize market proved unable to “save the day&rdq ...
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- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- PTC India Limited - India
- Petron Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Mjunction Services Limited - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Minerals Council of Australia
- The University of Queensland
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ministry of Transport, Egypt
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Parliament of New Zealand
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