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Wednesday, 14 January 15
COMMODITIES AREN'T PRIMED FOR A REBOUND DURING 2015: SHIPPING COULD BENEFIT FROM LOWER PRICES - ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In the recent past, higher commodity prices were driven by an increase in demand from developing countries, which spelled good news for ship owners, are the vast majority of this demand was serviced via seaborne cargoes. However, as the commodity market was plagued by speculators and many relative trades, more often than not, higher prices didn’t necessarily translate to higher demand for cargoes. As such, the latest downward trend among major commodities, isn’t all that bad for members of the shipping community, as they could ignite an increased demand from a series of nations.
In any case, as Allied Shipbroking’s latest report indicated, “we are set for another difficult year for commodities. Faced with strong pressure from a continually increasing US Dollar, a marginal increase in demand and an excessive oversupply glut, it will be hard to note a complete reversal within the next 12 months. Much of the drive in the commodity prices has been the great economic performance of several emerging economies with most notable of these being China. Things have changed however, as China has already seen its growth levels slowdown considerably over the past months and many economic analysts expect an even further slowdown within this year”.
According to Mr. George Lazaridis, Head of Market Research & Asset Valuations with Allied Shipbroking, “at the same time a number of other high performing BRICS have sud-denly found themselves facing considerable economic problems. Russia is one of the obvious ones which has been greatly publicized in the international press. Nevertheless, it is some of the economies hidden in the back pages of economic news journals that hide further troubles ahead. Brazil has seen a reversal of its previous stellar per-formance showing considerable unrest and further cuts in its growth outlook, while many are worried over raised forecasts of inflation. This leaves us with only India and South Africa as potential champions amongst emerging economies which could take up the driver’s seat and push for further global trade growth. India has already started to show signs of ramping up its consumption of several key commodities and while it’s a major producer for several of these commodities as well, we might see a reversal as it starts to become a major importer picking up importance from its growing industrial production. Worth pointing out is the add bonuses it could bring to seaborne trade through higher tonne-mile demand as it will push most of Asia to source its commodities from further away locations. Nevertheless we are still far away from seeing anywhere near the level of importance taken up by China, nor is it yet in the position to cover fully any waning demand growth by China”, Lazaridis pointed.
He added though that “yet, as things stand now, attention has started to shift back to the more developed economies. Europe has a lot of issues still to deal with and after the most recent economic figures coming from The Old Continent, it looks as though we could be set for even further trouble during the first quarter. There is however one economy both big enough to drive a rebound in the global economy. Much will be bet this year on the U.S. recovery and as things continue to improve, so will its appetite for trade. As it drives for further consumption of finished goods sourced from mostly from the emerging economies such as China and India, its demand could be catalytic in pushing these economies back into drive. At the same time, even Europe could start to benefit from the U.S. recovery cause as it gains traction and the Euro continues to weaken against the Dollar so will the cost of Europe’s exports to the U.S. making them more competitive. Looking more long-term therefore, we might finally be in sight of the turning point towards better market conditions. An improved U.S. economy might be perfectly timed with lower commodity prices slowly amplifying demand while creating a steady base for consumption of goods worldwide. This should be in practice more balanced and rigid growth, nevertheless it will be a slow process and we are unlikely to see a complete reversal especially as political turmoil continues to shake things about”, Lazaridis concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 09 February 15
Q2' CFR SOUTH CHINA COAL SWAP DECLINED 3.28% TO $ 56.92 W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 1.93 (-3.28%) per MT month over month and US$ 0.10 (-0 ...
Sunday, 08 February 15
BDI FELL CONTINUOUSLY HIT A THREE DECADES LOW
COALspot.com: This week Baltic Exchange Dry Freight Index (BDI) fell continuously hit a three decades low.
The BDI continuously fell and was d ...
Friday, 06 February 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 1.1% FROM LAST WEEK - EIA
COALspot.com – United States the world's one of the largest coal producers, produced approximately 20.1 million short tons (mmst) of coal ...
Friday, 06 February 15
SHIP DAMAGED BY FIRE CAUSED BY PIRATES FOUND TO BE CONSTRUCTIVE TOTAL LOSS - TAYLOR WESSING
KNOWLEDGE TO ELEVATE
The High Court was asked to determine a number of preliminary issues, including whether a vessel was a constructive total ...
Thursday, 05 February 15
BDI HAS NOW FALLEN A LEVEL CLOSE TO THE INDEX'S HISTORIC LOW - INTERMODAL
They say a picture is worth a thousand words and in this instance just one look at the tables above is enough to understand the great pressure the ...
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- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Meralco Power Generation, Philippines
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Minerals Council of Australia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Planning Commission, India
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
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