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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 grew by less than 2% in 2015, the slowest pace since 2009, with trends in China pivotal. After the emergence of plenty of disappointing demand-side data last year, what do the indicators of Chinese trade so far in 2016 reveal?
A Surprising Start?
It’s a vital question. Chinese seaborne imports reached a massive 2.1 billion tonnes last year, accounting for 20% of global imports. But in 2015, growth in Chinese imports eased to just 1%, from an average of 9% p.a. in 2011-14. However, data for the first quarter of 2016 provides some pleasant surprises. After slowing for four consecutive years, growth in Chinese seaborne imports in tonnes appears to have picked up pace in Q1 2016, increasing by 6% y-o-y.
Picking Up Speed
Iron ore trade, which last year accounted for 45% of total Chinese imports, has driven much of this growth. Iron ore imports had a strong Q1 2016, rising by 7% y-o-y to 239mt. This was supported by restocking of iron ore inventories in line with improved steel demand and prices in recent months, following government support for infrastructure projects. This has been despite total steel production continuing to contract y-o-y, by 4% in Q1. Meanwhile, Chinese coal imports appear to have stabilised recently, following a sharp fall in 1H 2015, and the pace of decline in imports in Q1 2016 eased to 6% y-o-y. Growth in China’s minor bulk imports also improved marginally in Q1.
Some improvements have also been apparent outside of the dry bulk sector. Expansion in China’s crude oil imports has accelerated, with imports up 14% y-o-y in Q1 to 84mt, following robust growth of 9% in 2015. Imports have been boosted further this year by the liberalisation of the crude oil import market, opening up imports to independent refiners. And although Chinese gas demand came under pressure in 2015 from weaker industrial use, recent cuts to domestic gas prices have supported demand and LNG imports grew 17% y-o-y in Q1 2016 to 6mt.
Mixed Results
Meanwhile, indicators of Chinese exports remain mixed. Container trade on the key Far East-Europe route grew slightly in Q1, after falling 4% in 2015; the impact of adjustments to European inventories and falling Russian demand is likely to moderate this year. However, growth in China’s steel products exports has slowed, partly reflecting greater domestic steel demand.
A Question Of Endurance?
Overall, it would still be fair to say that the seaborne demand environment is still highly challenging, and that volatility clouds the picture in China and elsewhere. Moreover, questions remain over the sustainability of recent developments in some of China’s industrial sectors, and major obstacles to trade volume growth clearly remain. Nevertheless, there are some areas where improved Chinese volume growth has provided a nice surprise so far this year. Against a troubled background, shipping market players will hope these trends at least have a little mileage. Have a nice day.
Source: Clarksons
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Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- The University of Queensland
- MS Steel International - UAE
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
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