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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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Sunday, 20 April 14
FREIGHT RATES END WEEK ON WEAK NOTE - VISTAAR
Wish you all Happy Easter.
The freight market continued to its downwards as BDI was fell 7.187 percent to 930 points week on week.
The ...
Friday, 18 April 14
US WEEKLY COAL PRODUCTION DECLINED BY 1% TO 18.9 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Thursday, 17 April 14
DRY BULK MARKET ON RETREAT MODE, WHILE NEWBUILDING ORDERING ACTIVITY STALLS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on retreating this week, a pattern which emerged since late March. Yesterday the BDI (Baltic Dry Index) ended yet a ...
Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billio ...
Wednesday, 16 April 14
Q1 2014 : TERMS OF FREIGHT RATES THE PERFORMANCE IN THE DRY BULK MARKET HAS NOT MET THE HIGH EXPECTATIONS - INTERMODAL
This year the dates for the celebration of Easter will coincide for the Orthodox and the Catholic, so we are already seeing most people in the m ...
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- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Economic Council, Georgia
- VISA Power Limited - India
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Planning Commission, India
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Energy Development Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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