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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
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Monday, 16 November 15
KOMIPO INVITES BIDS FOR 1.295 MILLION TONS OF BITUMINOUS COAL FOR Q1 - Q2'16
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 1,295,000 Metric Tons (MT) of minimum 4,600 kc ...
Monday, 16 November 15
SOUTH CHINA COAL SWAPS DECLINE CONTINUES THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 6.05 (12.59%) per ton month over month.
A commodity swa ...
Monday, 16 November 15
CLARKSEA INDEX COMPETITION: IS IT ALL IN THE TIMING? - CLARKSONS
Readers of the Shipping Intelligence Weekly are invited each year to predict the value of the ClarkSea Index one year ahead in the first week of No ...
Monday, 16 November 15
DRY BULK MARKET: Q1' 2016 SHAPING UP TO BE A ' DISASTROUS' ONE OF PROJECTED LOWER IRON ORE IMPORTS FROM CHINA
Over the course of the past year or so, it’s been the drop of coal imports from China, which has had a detrimental effect on the course of dr ...
Friday, 13 November 15
WEAK CHINA POWER DEMAND DAMPENS COAL CONSUMPTION - FITCH
The weak growth in China's electricity consumption in 2015, together with increasing non-thermal power generation capacity are exerting more pr ...
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Showing 2711 to 2715 news of total 6871 |
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- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Semirara Mining Corp, Philippines
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- VISA Power Limited - India
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Minerals Council of Australia
- PTC India Limited - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Australian Coal Association
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
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