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Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
 Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psychological” level of 700 points (Baltic Dry Index), which is a six-month high. However, analysts and shipbrokers alike are keeping both feet on the ground, as things are still more than fragile and could turn around in a heartbeat. According to a recent report from shipbroker Intermodal, “the commodities markets have been moving like crazy during this time, with the bear rally having pushed prices for iron ore to more than 15-month highs (the recent peak reached $70 a tonne, marking it for now the best price performing commodity for 2016”.
Intermodal noted that “all this market boost seems to be the child born from the combination of several market effects mainly resonating from within China. The increased availability of credit from the huge amount of cash injected by Chinese policymakers into its banking system earlier this year, the restocking undertaken ahead of the summer construction period, tighter supplies recently noted after a string of closures last year, supply disruptions in Australia and Brazil and finally a more bullish appetite for steel in China following an improvement in steel-intensive construction and infrastructure projects and a better than expected GDP figure for the first quarter of 2016. This has been enough to feed speculation from China and drive a more then 80% increase in price from its low back in December of 2015”
According to George Lazaridis, Head of Market Research & Asset Valuations with Intermodal, “all this has in turn has fed a stimulus to the iron ore futures contract and has been thoroughly noted in the advancements in seaborne trade shipments. Yet as good as all this may sound, alarm bells have been ringing. The recent rally is still being held on a very shaky foundation, while recent public comments from most of the major iron ore producers have been mentioning the expectation of a significant inflow of cheaply sourced supplies which are due to come online this year. Further to this and with the price of iron ore having now reached this new peak, mines based within China (which had been driven out of market from the previous drop in prices) will be able to come online even partially, as such bringing a temporary halt in seaborne imports. Furthermore, it is important to also note that it is still too early to tell the long-term viability of the recent stimulus package brought on by the policymakers and how well it will be a steady support on the market and provide real support for a true market recovery”.
Lazaridis added that “nevertheless and after having mentioned all the cautions that needed to be addressed, the news are fairly positive. From the perspective of the shipping industry it is the boost in demand that plays the more significant role, with the recent rally in prices, although reflecting the market improvement in demand, leaving risks down the line if these prices were to prevail for too long. Cheaply sourced supplies could further boost demand while allowing to keep the competitive edge on supplies sourced from far locations such as Australia and Brazil. Therefore the focus is on the consumption boost from within China, which if it lasts and keeps on course, could be the sign of a true market recovery in sight”.
He concluded his analysis by noting that “taking away from the recent rise in demand the percentage that is due to the high seasonal restocking does make for a more moderate rise while it leaves a sense of an upcoming drop once the focus shifts from restocking to destocking. For the moment however, things look positive and given the Herculean efforts made on the side of ship owners to keep the supply of Capes capped, we might be set for an earlier recovery then what one would have thought of back in January. What is important is that we don’t lose our sight off the ball, and keep efforts to a max in order to bring about this change in markets sooner rather than later”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 06 May 16
U.S. WEEKLY COAL PRODUCTION UP 9 PERCENT W/W; DOWN 35.3 PERCENT Y/Y - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million short to ...
Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
Tuesday, 03 May 16
HOW TO AVOID THE LATEST CARGO FRAUDS - BIMCO
BIMCO receives regular reports from members around the world about cargo fraud. This week alone we have had two reports of cargoes being fixed (or ...
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- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Cement Manufacturers Association - India
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Lanco Infratech Ltd - India
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- SMG Consultants - Indonesia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
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