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Friday, 13 May 16
DRY BULK SHIPPING MARKET RECOVERY WILL BE A LONG, HARD-FOUGHT BATTLE - HELLENIC SHIPPING NEWS
 Anyone who expects a strong rally in dry bulk market rates to end the industry’s downturn will be bitterly disappointed. By contrast – and that’s a good thing by the way – the freight market’s recovery will take time and will come in small steps, which means it will be more sustainable in the long run, claim shipbrokers. According to the latest weekly report from shipbroker Allied Shipbroking, there was “a sudden change in market sentiment this week in the dry bulker space, as the speculative rally that was driving up commodities prices over the past month started to lose steam over growing worries yet again as to the health of the Chinese economy. Over the past month, we have seen a strong growth in production levels and a build-up of inventories within China (the world’s largest consumer of commodities). However as imports started to ease within April compared to those noted in March, many traders are now ever more concerned as to the levels of real demand and if it is capable of supporting the most recent price hikes”.
According to Allied’s George Lazaridis, Head of Market Research & Asset Valuations, “that’s not to say that everybody see this as a turn towards ever softer demand levels, but more so a case of a slower-paced recovery that is considered healthier and more maintainable than the fast -paced frenzy that was noted in March. Prices for iron ore fell sharply today, dropping once again below the US$ 60 per tonne, while futures in Shanghai fell the most since trading began in 2009, all on the back of fresh figures point towards ever increasing port inventories in China. These big increases in imported volumes were the prime driver for much of the price hikes noted during the past 2 months, though as it seems now the market fundamentals are not there at the moment to quickly absorb these imports, while it looks all the more likely that the stockpiling served other purposes as noted previously on past reports rather than real demand.
Lazaridis noted that “this has been greatly reflected in the dry bulk freight market these past two weeks, with the dry bulk indices losing their upward momentum in its entirety and now looking to correct back to softer figures. As things stand now it looks as though many rushed to get their hopes up as to how well the market will be able to hold for the remainder of the year, feeding off their sentiment from the recent rally and looking optimistically as to the prospect that the worst was now behind us and there was nothing but improvement in sight. The reality is far from this and it is more evident now that there is still a lot of work to be done to bring a better balance to the market”.
Meanwhile, he added that “the fleet is still increasing even at an only marginal amount, while demand is still lagging behind and will take several more months before it can catch up to the current carrying capacity of the fleet and this only if it keeps on track with its current performance. Though many fear that there are still a lot of factors which could dampen global trade demand, there are still signs that under the right conditions and economic policies we might be able to bump up economic growth in key economics and in turn help provide additional boost to trade (though its important to note that even under the best case scenario we are not talking about any spectacular boost to say the least). It now looks as though there is a possibility the same market trend, as that noted during the same period last year, will characterise the May-June period, while there is still hope that we may see another small rally appear at some point during the summer months. It’s not all that bad though, as if we take the optimistic scenario that trade will continue to grow at its current annual rate, it becomes more and more unlikely that we will hit another low similar to that noted back in February”, Allied’s analyst concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
Tuesday, 17 May 16
CHINA THERMAL-POWER OVERSUPPLY TO WORSEN - FITCH
COALspot.com: The overcapacity in thermal-power generation in China is likely to worsen in 2016 to 2017, Fitch Ratings says in a new report.
F ...
Tuesday, 17 May 16
ON YOUR MARKS: TRACKING CHINESE TRADE - CLARKSONS
One of the major drivers behind the challenges currently facing many of the shipping markets has been slower demand growth. World seaborne trade gr ...
Monday, 16 May 16
INDONESIAN WEEKLY COAL INDICES AT POSITIVE LEVELS - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.31 percent week over week to averaging $38.94 per ton this past week, shows CS ...
Monday, 16 May 16
OPEC SEES RIVAL OIL PRODUCTION DECLINING
Crude Oil Price Movements
The OPEC Reference Basket averaged $37.86/b in April, a gain of $3.21 or 9.3%. This was 40% higher than the lows reache ...
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Showing 2431 to 2435 news of total 6871 |
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- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- White Energy Company Limited
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Iligan Light & Power Inc, Philippines
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
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