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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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Tuesday, 26 April 16
INDONESIA BANNED COAL EXPORTS TO PHILIPPINES BY BARGES DUE TO SECURITY CONCERN
COALspot.com: The Ministry of Energy and Mineral Resources (ESDM) on behalf of the government of Indonesia has Freeze coal exports by barges to Phi ...
Tuesday, 26 April 16
NEWBUILDING DEMAND DOWN EVERYWHERE? - CLARKSONS
Newbuild activity provides one indication of an owner country’s likely future fleet growth, though secondhand sale and purchase and demolitio ...
Monday, 25 April 16
CHINESE STEEL PRICE SURGE NOT SUSTAINABLE - FITCH
The rapid increase in Chinese steel prices so far this year is not sustainable, as it is largely due to a seasonal pick-up in construction and elev ...
Monday, 25 April 16
WEEKLY CS (I) COAL INDICES END ALMOST FLAT
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.05 percent week over week to averaging $38.67 per ton on this past Friday, acco ...
Monday, 25 April 16
BALTIC DRY INDEX ENDS WEEK ON A POSITIVE NOTE
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week.
The freight market was ...
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Showing 2461 to 2465 news of total 6871 |
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- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- The University of Queensland
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
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