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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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Wednesday, 14 January 15
DRY BULK MARKET NOTED ANOTHER WEEKLY DECLINE - INTERMODAL
COALspot.com: The Dry bulk market noted another weekly decline on Friday, with the performance of the Capesize market still weighing down on the re ...
Wednesday, 14 January 15
MARKET INSIGHT - TIMOS PAPADIMITRIOU
In Oil we trust! The Barrel price has declined by almost a third in comparison to the 2014 January and has being on the downhill since early last s ...
Wednesday, 14 January 15
SUB-BIT FOB INDONESIA COAL SWAP FOR Q1 DELIVERY CLOSED AT US$ 46.97 PMT
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 declined month on month and week over week.
The Q1 swap has fell US$ 1.53 (-3.15 ...
Wednesday, 14 January 15
Q4' 15 FOB NEWCASTLE COAL SWAP CLOSED 4.51% LOWER COMPARED TO Q1' 15 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.56 per MT (-3.0%) month over month and US$ 1.03 (-2.0%) week ove ...
Tuesday, 13 January 15
MORE PITFALLS FOR OWNERS LOOKING TO TERMINATE FOR UNPAID HIRE - INCE & CO
KNOWLEDGE TO ELEVATE
It is a debatable point whether or not the obligation to pay hire under a time charter is a condition of the contract or ...
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- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Sojitz Corporation - Japan
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Australian Coal Association
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- The University of Queensland
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Trasteel International SA, Italy
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