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Thursday, 03 December 15
DRY BULK: THERMAL COAL LOWER USAGE UNDER A POTENTIAL NEW CLIMATE DEAL WILL ADVERSELY IMPACT THE MARKET'S RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In direct contrast to the tanker market, the dry bulk one has seen demand for key commodities, such a coal, dwindling down over the course of the past year. With climate talks in Paris now in full swing, expectations are for a further squeeze on the consumption of “dirty fuels” and the improvement in energy efficiency and the promotion of use of cleaner energy technology. In its latest weekly report, shipbroker Allied Shipbroking noted that “the pressure, as in the past, is likely to be put mostly on the developing economies which rely more heavily on “dirty” fossil fuels to cover their increasing energy demands. As part of their current pledge to lower their dependency on commodities like coal, countries such as China and India have already started to curb their appetite”.
According to Intermodal’s Head of Market Research & Asset Valuations, Mr. George Lazaridis, “this development has been heavily reflected during the course of this year if one takes a look at the importing volumes of coal into China (something that has been one of the main factors in the deterioration of the dry bulk freight market over the past 11 months). At the same time and although India had been making up for some of these losses in shipment volumes, it now looks that the situation has already started to shift dramatically, with import volumes of thermal coal into India stagnating over the past few months”.
Lazaridis notes that “the issue takes on a whole new magnitude when one combines the further problems caused to shipping not only if India takes on efforts to curb its dependency on coal but if it continues on with its plans to increase its independence from foreign imports by utilising its internal reserves by more than doubling its output over the next five years. India’s Prime Minister, Narendra Modi, is likely to take a stronger stance in defending the position of emerging markets, asking that more should be done on the side of the “rich world” in order to give room and opportunity for growth to emerging markets which are still playing a “catch up” game with the West. To what extent this will fall on deaf ears will be greatly influenced by the fact that most believe that further pledges for cutting down emissions should be put in place. Under any case it looks as though it will be a difficult sell to keep up the current consumption of commodities such as thermal coal”.
But it isn’t just coal that will take on the “heat” from this year’s UN Climate Change Conference. According to Lazaridis, “in its focus are all fossil fuels, with efforts to be taken to also reduce consumption in commodities such as oil as well. A sure point will be placed on the recent “Diesel Car” scandal, which in its wake will likely push for a further increase in emissions regulations within Cities inevitably boosting the promotion of other environ-mentally friendlier options for inter-city transportation, which are likely to be of greater efficiency and possibly have a higher reliance on other energy sources which are less polluting. This is something that has been noted for some time now, with many now seeing ever more unlikely the scenario of the developing world reaching a per capita consumption of crude oil on par with that the developed world has had in recent years”, Allied’s analyst noted.
He concluded by noting that “although judging from previous Climate Change conferences, the likelihood of any major commitments being drawn is minimal, it will still be a black cloud that will follow shipping markets over the coming years, influencing both trade in energy commodities as well as technology and efficiency of ships themselves. Keeping a close eye on the developments there from could lead to a better understanding of what new challenges the industry will have to face moving forward”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 14 December 15
CFR SOUTH CHINA COAL SWAP IS STILL SLIDING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 0.93(2.18%) per ton month over month.
A commodity swap ...
Sunday, 13 December 15
THE LOW VESSEL DEMANDS PUSHED DOWN BALTIC DRY INDEX FURTHER DOWN
COALspot.com: The low vessel demand across nearly all vessel sizes pushed the Baltic Exchange’s main sea freight index further down in this F ...
Sunday, 13 December 15
DRY BULK RATES KEEP ON FALLING AS LOW VESSEL DEMAND IS STILL THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market nowadays is in an endless downward spiral, which as it turns out is unable to recover, at least as long as the current balance ...
Friday, 11 December 15
US COAL PRODUCTION UP 7.7% IN WEEK ENDED DECEMBER 5, 2015
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...
Thursday, 10 December 15
LIENING CARGO - WHICH LIEN CLAUSE APPLIES TO THE BILL OF LADING? : WIKBORG REIN | HELLENIC SHIPPING NEWS
KNOWLEDGE TO ELEVATE
In a dry bulk market where a charterer is not paying freight or hire, its counterparty is often left to consider whether ...
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- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Romanian Commodities Exchange
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- White Energy Company Limited
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Power Finance Corporation Ltd., India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- PTC India Limited - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Transport, Egypt
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Edison Trading Spa - Italy
- MS Steel International - UAE
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Georgia Ports Authority, United States
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