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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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Sunday, 06 December 15
DRY BULK MARKET ON REVERSE MODE, SET TO BREAK NEW ALL-TIME LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been the negative “star” of the shipping industry for quite some time. In fact if it wasn’t for the boomi ...
Sunday, 06 December 15
DESPITE TEMPTING NEWBUILDING PRICES, CONTRACTING IN DRY BULK REMAINS LOW - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the l ...
Friday, 04 December 15
FOB INDONESIA COAL SWAPS ARE ALMOST FLAT OVER WEAK DEMAND
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and rose slightly week over week. Coal prices seen very margi ...
Friday, 04 December 15
COAL PRODUCTION IN THE U.S. FOR W/E NOVEMBER 28TH FELL SLIGHTLY FROM THE PREVIOUS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 15.0 million shor ...
Friday, 04 December 15
MINING OUTLOOK WEAKENS FURTHER ON FALLING CHINESE DEMAND - FITCH
COALspot.com: Fitch Ratings' outlook for the global mining sector in 2016 is firmly negative, reflecting our view that Chinese demand will cont ...
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- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Planning Commission, India
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Parliament of New Zealand
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- White Energy Company Limited
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- The University of Queensland
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
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