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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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Wednesday, 24 February 16
PRIVATE EQUITY FUNDS LOOKING TO EXIT SHIPPING, MOST NOTABLY DRY BULK, AS OVERORDERING HAS RESULTED IN EXCESS TONNAGE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The injection of more than $13 billion in shipping from various private equity funds over the past few years has resulted in what many feared would ...
Wednesday, 24 February 16
THIRTEEN - NOT ALWAYS AN UNLUCKY NUMBER? - CLARKSONS
Back in early 1999 the price of a 5 year old Panamax bulkcarrier dipped to $13.5m, and ever since analysts have hailed purchase decisions made at t ...
Monday, 22 February 16
4200 GAR COAL INDEX SETTLES AT $27.02, DOWN 0.07% FROM LAST WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.17 percent week over week to averaging $38.89 per ton on this past Friday, ...
Monday, 22 February 16
FREIGHT MARKETS PICKED UP SLIGHTLY THIS PAST WEEK
COALspot.com: The freight markets picked up slightly this past week.
The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measure of gl ...
Friday, 19 February 16
INDONESIAN HBA HITS A NEW LOWS BELOW $51 A TON AS OVERSUPPLY, LOW DEMAND WOES PERSIST
COALspot.com: Low coal demand and excess supplies sent Indonesian benchmark coal price further deep in February 2016. HBA has slumped second time t ...
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- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Parliament of New Zealand
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- White Energy Company Limited
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Minerals Council of Australia
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Economic Council, Georgia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
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