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Wednesday, 21 September 16
THE CAPESIZE MARKET HAS BEEN ON A RALLYING TREND SINCE THE END OF AUGUST - GEORGE LAZARIDIS
 The Capesize market has been on a rallying trend since the end of August, fuelled mainly by the chase by traders to pre-stock before the typical pick up in construction and manufacturing activity that usually takes place during the autumn months, says George Lazaridis of Allied shipping research.
Adding to this has been the decision by Beijing to reduce the output of its domestic mines by cutting down the working week. The effects of this policy have spanned across the three main dry bulk commodities carried by the Capesize fleet.
According to Allied weekly report, thermal coal and iron ore noted their biggest gains during the early parts of September, however now we have seen a massive increase in the price of coking coal as delays from Australia’s Queensland due to a train derailment have caused a further tightening of supply in this market. All this has taken place as disruptions in mainland China due to the excessive flooding noted there have stocked a considerable increase in demand for imports.
George Lazaridis further noted that many fear however that there are fearful omens in the sky, with domestic prices in China for rebar having dropped to its lowest point since June in the midst of excessive supply and a choking of demand. There has been an increased effort by housing authorities throughout the country to cool down the (as they see it) overheated housing market. A number of cities have already announced that they will start restricting home purchases, barring residents who already own one or two houses in certain districts from being able to purchase another home.
This inflicted cooling of the housing market should keep demand under check and restrict the number of new property projects that are undertaken. This could prove to be a dampener on the steel market, with China still being the largest consumer of steel and its real estate market being one of the main drivers for growth. At the same time we have seen a sharp in year-on -year U.S. import figures from China both in volume and value, something not seen since 2009. This could hit further aspects of the Chinese economy, with the U.S. still holding a central role in feeding growth to both China as well as other emerging markets.
George Lazaridis, Head of Market Research & Asset Valuations of Allied further said in its weekly report, yet for the moment we are still riding on the uptrend, with domestic crude steel output having increased for a sixth month in a row in August and looking to keep on track for a seventh. Freight rates have seen one of their sharpest increases, with the Baltic average of the 4 TC routes having risen by over 80% since the end of August and having doubled compared to where it stood in mid-August. As of yet, these increases have been limited to only the Capesize market, while many hope that as usual these trends in the capesize market are merely a preview of what’s to come for the rest of the dry bulk size segments. At the same time most have their eyes keen set on the dry bulk freight market waiting to get an incline as to who the market will fair moving forward. Expectations are that a rally that outperforms what we witnessed during the same period last year will be fair reasoning that the market supply correction has worked, while a failure to launch of the freight market will be an unquestionable sign of the more intense pain expected to be faced ahead.
Things should not be taken however as so black and white and the truth often lays within shades of grey. That however will undoubtedly influence the asset price trends in the secondhand market. We are already seeing a strong upward pressure brewing beneath the surface and it will only take a strong market rally in the freight market to strike a spark in the secondhand market from where another round of price hikes will be seen, Allied concluded.
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Friday, 23 September 16
"COLLATERAL LIES" DO NOT NECESSARILY UNDERMINE AN INSURANCE CLAIM
KNOWLEDGE TO ELEVATE
An insured was not precluded from recovering under an insurance policy even though it had made a false statement during t ...
Friday, 23 September 16
EIA SEES U.S. COAL WEEKLY OUTPUT INCREASE
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.1 million short ton ...
Thursday, 22 September 16
CHINA IS THE PRICE-SETTING COUNTRY FOR GLOBAL THERMAL COAL
COALspot.com: China has been the driver of global coal growth since 2009. When China became the largest coal importer in 2011, the country also has ...
Thursday, 22 September 16
SUPRAMAXES ARE ACHIEVING AROUND $7000 FOR A TRIP WITH SINGAPORE DELIVERY VIA INDONESIA TO CHINA
Supramax
A slow start to the week in the Supramax segment in the Atlantic with not much being reported.
In the Blacksea Supramaxes are getti ...
Wednesday, 21 September 16
SHIPPING MARKET INSIGHT - PANOS MAKRINOS
Amidst a challenging dry bulk and tanker market, very little time has been spent on the offshore industry developments during the past couple of ye ...
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- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Africa Commodities Group - South Africa
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Edison Trading Spa - Italy
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Cigading International Bulk Terminal - Indonesia
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