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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, 29 February 16
BALTIC INDEX INCHES UP THIS PAST WEEK AS SMALLER VESSELS LEND SUPPORT
COALspot.com: The freight markets rose slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of global ...
Monday, 29 February 16
LOSS OF EARNINGS IN THE WAKE OF A COLLISION - GARD
KNOWLEDGE TO ELEVATE
A shipowner’s loss of earnings can form a significant part of a collision claim. Awareness of the ways of calculati ...
Friday, 26 February 16
U.S WEEKLY COAL PRODUCTION UP SLIGHTLY
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.4 million shor ...
Thursday, 25 February 16
DRY BULKERS ARE SCRAPPED AT RECORD PACE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The newbuilding market is at a lull these days, as ship owners are focusing on two fronts, getting rid of excess dry bulk tonnage and snapping up b ...
Wednesday, 24 February 16
HOW IS THE FUEL MIX FOR U.S. ELECTRICITY GENERATION CHANGING? - EIA
In recent years, there have been changes in the mix of fuels used to generate electricity in the United States. Natural gas and renewable energy so ...
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- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Coal Association
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- White Energy Company Limited
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- The University of Queensland
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Eastern Coal Council - USA
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