We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 26 November 15
DRY BULK MARKET WILL REBOUND EVENTUALLY, BUT THINGS WILL BECOME EVEN WORSE BEFORE THEY IMPROVE SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 As the dry bulk market’s benchmark, the Baltic Dry Index (BDI) reached an all-time late last week and has failed to rebound significantly ever since, it seems that many analysts and shipbrokers were caught by surprise, since they were admittedly expecting a better performing market during this period of year. However, as Allied Shipbroking pointed out in its latest weekly report, “it seems as though trade is at a much more dire state than what had been expected. During the past two months the slowdown has intensified, with the volume of cargoes in the market greatly outnumbered by the glut in tonnage supply and most market fundamentals pointing to extra deterioration in the balance down the line”.
According to Allied, “one of the main issues has been the aggressive and inward focused approach by most governments with regards to their exports and imports. Trade barriers seem to be lifting right, left and center, with the biggest focus of late been thrown on steel products. The issue here is that the excess supply coupled with slower economic growth leaves little room for beneficiary trade deals to be struck especially as most governments focus on aiding their own ailing industries. This “inward focus” leaves dry bulk shipping, in particular, in a very “sticky mess”. The vast orderbook which had been managed fairly well under the given circumstances is still presenting to be a grand issue and with deliveries scheduled to intensify during the next twelve months the problem will only get bigger for the time being”.
At the same time, as Allied’s Head of Market Research & Asset Valuations, Mr. George Lazaridis pointed out, “it isn’t enough that only one size segment manages to hold back it’s fleet growth as the recent market trend has shown. The BDI may have reached its lowest point but all the individual sub-indices are still above their historical lows. This in part shows how it hasn’t been one size segment that has drown down the market average, but rather that all of them have reached fairly low levels, further showing the intense influence they now hold on each other. With such “sour” sentiment abound it is hard for any owner to take a strong stance when it comes to negotiating with cargo owners to push for better freight levels and while bunker prices have helped reduce voyage costs they have also in part help breakdown the “slow steaming” policy (in effect increasing the supply of vessels further)”.
Lazaridis went on to note that “the biggest scare for now is what the market will do in early 2016, were we typically witness a further drought in requirements during the Chinese New Year festivities. There is no guarantee of the actual direction the market will take as was pointed out this year during the highs reached in August (a seasonally low point in the market) as well as the current market trend (which is during a period in the year which is typically a seasonally high point in the market). Overall however even if a new low in the BDI is not hit during the first quarter of 2016, expectations are for a fairly low average freight rate to be achieved for the whole of the coming year. We will surely see an-other great effort in minimising the growth in the dry bulk fleet which should in part limit the excess supply of tonnage in the market, yet we will still need to see a drastic change on the demand side as well, something that as it seems can only come about by external market forces which can be highly unpredictable”, he said.
Allied’s analyst concluded that “for the time being we will just have to make do with the current market psychology that has engulfed us all, trying to turn turmoil into opportunity and as asset prices continue to tumble to levels never before seen, it will be the patient opportunists that will be able to squeeze the most out of this market trough once more”.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 10 December 15
CANADIAN MINER TECK ANNOUNCES LNG HAUL TRUCK PILOT PROJECT
Teck Resources Limited is piloting the use of liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmakin ...
Thursday, 10 December 15
FOB RICHARDS BAY COAL Q3' 16 DELIVERY SWAP WAS CLOSED 7.27% PER TON LOWER COMPARED TO AVERAGE Q1' 16 DELIVERY PRICE
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week.
The Q1’ 2016 &nbs ...
Wednesday, 09 December 15
U.S. COAL EXPORTS DECLINE IN 2015 DUE TO SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES - EIA
COALspot.com: The slower growth in world coal demand and lower international coal prices have contributed to a decline in U.S. coal exports in 2015 ...
Wednesday, 09 December 15
DRY BULK EXPERIENCES THE PERFECT STORM - PANOS TSILINGIRIS
Dry bulk experiences the perfect storm as the slowing of demand predominantly because of China sat atop the exaggerated oversupply. The BDI broke t ...
Tuesday, 08 December 15
OPEC'S DECISION BODES WELL FOR THE TANKER MARKET: STRONG MIDDLE EAST CRUDE EXPORTS WILL CONTINUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
OPEC’s latest decision to keep up oil production is seen by shipbrokers as a further boost for the tanker market. At the end of last year OPE ...
|
|
|
Showing 2661 to 2665 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Marubeni Corporation - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Parliament of New Zealand
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- TeaM Sual Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Electricity Authority, New Zealand
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Aditya Birla Group - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Bhushan Steel Limited - India
- Interocean Group of Companies - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Orica Mining Services - Indonesia
|
| |
| |
|
