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Friday, 04 March 16
GLOBAL ECONOMY'S JITTERS ARE SLOWING DOWN SHIPPING EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 The global economy’s shaky condition to say the least is now hampering growth and as a result demand for shipping is slowing down, something will be evidenced in the world trade’s growth over the course of the year. As things stand at the moment, “global growth continues to be lagging in performance, with the major driving economies both from the Developed market and Emerging markets spectrum still too weak to drive any real change to the downturn currently experienced world-wide. Taking into consideration recent analysis circulated, these conditions have been in stark contrast to what many had been hoping to see back in early 2015, at a time when most of us had been hoping for tailwinds ushered by the drastic drop in oil prices to help redistribute the savings brought about to consumers globally and drive in turn for much higher global growth”, said Allied Shipbroking in its latest report.
According to Allied’s George Lazaridis, Head of Market Research & Asset Valuations, who attempted to provide an answer in a nutshell, “China and the adverse effects of a broader credit cycle deterioration. The slowdown in China has both directly and indirectly had considerable adverse effects on the global economy, substantially weakening trade demand for dry bulk commodities as well as all for finished goods. At the same time much of the previously strong growth pumped in by the much herald BRICS economies has been faltered by the fact that majority of these have been net commodity exporters feeding their growth models from the earnings brought in from commodities ranging from oil to iron ore and coal. As such the weight has been effectively thrown onto the main developed markets to take up the role of driving the next economic growth wave though with minimal success as these markets are still tackling great stresses in their credit markets, while the political and economic unrest most of them face shatters consumer confidence. As such the overall net effect has been negligible, with only a hand full of economies managing to show off an accelerated growth performance thanks to the savings from the lower oil prices noted since late 2014”, he noted.
Lazaridis added that “on the wake of all this we have now started to see China make announcements reflecting the magnitude of the problems that have been created over the past year. The Chinese government has now estimated that it will lay off 1.8 million workers in its coal and steel sectors (representing about 15 percent of the said workforce). At the same time its central bank has stepped up its efforts to cushion the said economic slowdown by further cutting the reserve ratio the nation’s lenders must hold by 0.5 percentage points effective from March 1st. This has been in hope of further credit being injected (estimated to be around US$ 105 billion in value) into its economy and in turn to its consumers in order to help drive its own internal economic “motor”, he said.
“In line with this, we have also seen a string of similar stimulus measures being taken by other major economies, though little as of yet has been reflected in terms of actual reported growth. The main issues that need to be resolved are still relatively untouched, with labour markets in most of the Developed and Emerging markets still in need of further “tightening” (especially to counter fears of some markets moving into deflation), while access to credit and opening of further investment needs to be better targeted in order to provide stronger “bang” in economic growth for each “buck” invested”, Allied’s analyst concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 07 March 16
INDONESIAN 5700 GAR COAL INDEX DECLINE $0.05 A TON WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.28 percent week over week to averaging $38.66 per ton on this past Friday, ...
Monday, 07 March 16
FREIGHT MARKET MOVING POSITIVE; ALL SEGMENTS EXCEPT CAPE SHOWING A FIRM TREND
COALspot.com: The freight market was steady this past week and showing a firm trend for all segments except for Cape index.
The Baltic Dry Ind ...
Friday, 04 March 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 109.3 MMST; 30.2% LOWER THAN THE COMPARABLE YEAR-TO-DATE COAL PRODUCTION IN 2015 - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.1 million shor ...
Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a ...
Thursday, 03 March 16
BDI FURTHER STRENGTHENING; THE INCREASE IN RATES WAS NOT SUBSTANTIAL
COALspot.com: The BDI closed off on a positive note for a second week in a row, further strengthening the belief that the market might be bottoming ...
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Showing 2536 to 2540 news of total 6871 |
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- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Planning Commission, India
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- The University of Queensland
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- GMR Energy Limited - India
- Mjunction Services Limited - India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Australian Coal Association
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Economic Council, Georgia
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
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