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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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Monday, 16 May 16
THE FREIGHT MARKET WAS WEAK AND ALL SEGMENTS EXCEPT PANAMAX WERE DOWN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week.
The freight market was weak and a ...
Friday, 13 May 16
COAL CARGOES - SOME RECENT DEVELOPMENTS: SWEDISH CLUB
KNOWLEDGE TO ELEVATE
Indonesia continues to be amongst the world’s major exporters of coal, some 426Mt being traded in 2013 mostly to In ...
Friday, 13 May 16
US WEEKLY COAL PRODUCTION IS RUNNING 33% BELOW THE SAME PERIOD IN 2015 - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.9 million short tons (mm ...
Wednesday, 11 May 16
U.S. FORECAST COAL PRODUCTION IS EXPECTED TO DECLINED BY 150 MMST IN 2016; THE LARGEST DECLINE SINCE 1949 - EIA
COALspot.com: EIA estimates that U.S. coal production in April was 46 million short tons (MMst), a 6 MMst (12%) decrease from the previous month an ...
Wednesday, 11 May 16
MARKET INSIGHT - KATERINA RESTIS
On Saturday 7th May, Riyadh replaced the long-serving oil minister of more than two decades, Ali-Al-Naimi, as part of a major government overhaul, ...
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Showing 2436 to 2440 news of total 6871 |
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- Neyveli Lignite Corporation Ltd, - India
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Coal and Oil Company - UAE
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
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