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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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Tuesday, 30 December 14
U.S WEEKLY COAL PRODUCTION ALMOST FLAT AT -0.2%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Monday, 29 December 14
CHINESE COAL IMPORTS: REGULATORY RISKS? - CLARKSONS
In recent years, Chinese seaborne coal imports have surged, registering average growth of 67% p.a. between 2009 and 2013 to total 265mt. However, t ...
Monday, 29 December 14
BULK MARKET ENDS YEAR ON SOUR NOTE, SHIPBROKER SEES 'BUMPY ROAD AHEAD' - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2014 was supposed to be the year that the dry bulk market would stage a comeback and a sustainable one for that matter. However, while for the most ...
Monday, 29 December 14
Q1'15 CFR SOUTH CHINA COAL SWAP CLOSED AT $59.42
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.51 (-5.58%) month over month and US$ 0.08 (-0.13%) ...
Monday, 29 December 14
SGX'S FOB NEWCASTLE COAL SWAPS IMPROVED W-O-W, LOST M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.44 per MT (-2.73%) month over month and gained US$ 0.36 (+0.71%) ...
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- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Therma Luzon, Inc, Philippines
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Thai Mozambique Logistica
- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Economic Council, Georgia
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Planning Commission, India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
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