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Wednesday, 20 April 16
2017 IS EXPECTED TO BE A MUCH BETTER YEAR FOR THE SHIPPING INDUSTRY - INTERMODAL
 Some months ago we noted that all projections anticipated 2016 to be a better year from a macroeconomic point of view when compared to 2015. As we leave behind q1, evidence suggests that there are increasing chances that this is not going to be the case, with projections for global growth once again being revised downwards.
The latest estimate by the International Monetary Fund in April projects a modest 3.2% global growth for this year, 0.2% down from the January projection and just 0.1% higher that the estimated global growth for 2015. Once again the biggest part of this year’s world growth will come from the emerging economies, although they are not expected to grow at a much faster pace than they did in the year before with the economic slowdown in China and the weak growth both in oil and non-oil commodity exporters having their effect on the final projection estimates.
Moreover, the presence of several additional risks like further incidents of financial turbulence or a larger than anticipated adverse effect of lower oil prices on oil exporting countries and various other geopolitical risks including a possible Brexit, increase uncertainty over future economic developments and may lead to the realization of even weaker growth scenarios before the world economy picks up at a projected 3.5% growth in 2017.
With regards to global trade, which is of prime importance to the shipping industry, the latest evidence provided by the OECD suggests that its growth rate for 2016 will be weak along the projections for global growth. Overall things in the global economy draw a not very promising picture for the Dry Bulk sector in 2016 and despite the fact that during the last couple weeks we have moved away from the historically low levels we witnessed during the last part of 2105 and the first months of this year, things in the sector remain shaky as falling demand and weak growth prospects occur on the back of excess tonnage supply.
Given that things continue to steadily improve, 2017 is expected to be a much better year for the sector and the shipping industry overall. Saying that, we should all be patient and cautious as we have just left q1 and three more quarters are on their way before this year concludes.
By Vassilis Logothetis
Research Analyst
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
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Friday, 29 April 16
U.S. COAL IMPORTS IN Q4' 15 DECLINED TO 2.7 MMST FROM 3 MMST IN Q3' 15
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.3 million short tons (mm ...
Thursday, 28 April 16
PRICES OF POWER-STATION COAL IN INDONESIA IS INCREASING
COALspot.com: Inquiries for Indonesian 4200 - 4400 Kcal/kg GAR thermal coal cargoes from India suddenly increase recent days.
A Jakarta-based ...
Thursday, 28 April 16
KOMIPO TO IMPORT 710K MT OF BITUMINOUS COAL DURING JULY - SEPTEMBER 2016
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 710,000 Metric Tons of Bituminous Coal for its B ...
Thursday, 28 April 16
CAPE: BIT MORE OPTIMISM IN THE MARKET; SUPRAMAX: FORWARD CURVE IS FALLING - FEARNLEYS
Cape
A bit of a slower week. Activity level has dropped, though the rates do still remain firm, says Fearnleys in its latest weekly report.
...
Wednesday, 27 April 16
THE OCEAN SHIPPING EXPERIENCED DRAMATIC VOLATILITY IN THE BEGINNING OF 2016 - PANOS TSILINGIRIS
Shipping’s new (ab)normal
The global economy and ocean shipping experienced dramatic volatility in the beginning of 2016 and as the glob ...
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- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- New Zealand Coal & Carbon
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- MS Steel International - UAE
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Standard Chartered Bank - UAE
- Heidelberg Cement - Germany
- The Treasury - Australian Government
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
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