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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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Saturday, 08 March 14
LETTERS OF INDEMNITY - SKULD
KNOWLEDGE TO ELEVATE
In today's trading market, owners are frequently requested to accept a letter of indemnity (LOI) in exchange for complying ...
Friday, 07 March 14
DRY BULK MARKET TO BENEFIT FROM CHINA'S GDP GROWTH TARGET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
With the dry bulk market freight rates finally making waves, China's aim of 7.5% GDP growth for 2014 mean once again positive news for the shipping ...
Friday, 07 March 14
RBCT, WORLD'S LARGEST COAL EXPORTING TERMINAL SHIPPED 1.78% LESS COAL MONTH ON MONTH
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 4.487 million tons of ...
Friday, 07 March 14
INDONESIA SHIPPED 7% LESS COAL IN JANUARY 2014 COMPARED TO ITS DECEMBER EXPORTS
COALspot.com: Indonesia, the world 4th largest coal producer and the Global largest multi grade coal exporter shipped around $1.8* billion ...
Friday, 07 March 14
INDONESIA TO PRODUCE 421 MMT OF COAL IN 2014
Coalspot.com: Indonesia finally agreed to increased 2014 coal output by as much as 6 percent to 421 million metric tons from its previous plan, a se ...
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- SMG Consultants - Indonesia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- The University of Queensland
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- European Bulk Services B.V. - Netherlands
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- PTC India Limited - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Videocon Industries ltd - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
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