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Tuesday, 22 November 16
THE COMMODITIES MARKETS HAD SHOWED GREATER PROMISE SINCE THE SUMMER PERIOD - GEORGE LAZARIDIS
 We have all borne witness to the sluggish pace of trade growth witnessed during the course of the past 4 years as well as the even slower pace noted within to 2016. Given the glut in tonnage supply that has accumulated since 2011, the shipping industry has found it very difficult to find a stable foothold from where to keep itself in “normal operations” and with viable earnings, says George Lazaridis Head of Market Research of Allied Shipping.
George Lazaridis further said, what has made 2015 & 2016 so problematic is that the balance between demand and supply went further off course as trade growth almost came to an absolute halt. This growing concern had been in part expressed in the worries that were being voiced over the outcome of the U.S. elections, with many prominent economists and economic analyst in major organizations seeing a further deterioration of the situation as major countries around the world start to turn to more inward focused economic policies. Just one day after the results came out and we started to see a very different picture emerge in the markets, said George Lazaridis.
He further noted that the trade in most bulk commodities was instantly boosted, with freight rates in both the dry bulk and tanker markets for the majority of size groups shooting up considerably. At the same time, commodity prices were in for a major rally, with most prominent that of coal which even managed to peak at some point above US$ 100 per tonne. Things have quieted down considerably on all fronts since then and it looks as though we are heading towards some normality which is still at better levels than it was one month prior. Where did all this optimism come from however and does it have enough basis for it to match a more long-term trend?
George Lazaridis Head of Market Research & Asset Valuations of Allied Shipping further said this quick move seems to have been generated by a series of events that took place triggering a domino move that boosted things further and further, urging the speculators to further fuel the market. For one we had the basis of most of the pre-election talks by Mr. Trump that referred to a splurge of infrastructure spending in the U.S. during his presidency. Such a splurge would need to be adequately fed by bulk commodities such as steel, cement and other vital bulk commodities used in construction. As the market moved more bullish for these commodities and several traders went into stockpiling mode in order to be adequately stocked for the proposed boom in demand, the second wave of effects started to take hold.
According to George Lazaridis, a mass of investors had already started to flee out of several emerging markets (such as Mexico) and starting to head towards the commodities markets which had shows greater promise since the summer period. As they flocked they boosted prices ever further and with prices rising quick a surge was generated (essentially a mini bubble) as traders looked to move quick before prices got too hot. Similarly, traders in many economies which are heavy importers of these commodities where in an even bigger rush as the strengthening dollar amplified the price hike even more.
These price hikes in commodities, according to George Lazaridis, were to the main benefit of ship owners as the cost of freight became an ever more insignificant portion in the whole equation, taking second place to the speed with which a trader could book the cargo he was after.
This speculatively fueled rally has boosted the market significantly however it seems as though it has run its course for now. That’s not to say that an imminent collapse is now in sight. It looks as though trade might hold at much better levels for the remainder of the final quarter of 2016 than it did a year ago. As to how well it will cope in the first quarter however, is another story altogether,George Lazaridis concluded.
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Monday, 12 December 16
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this past week and ending on a negative note week ...
Thursday, 08 December 16
STABLE OUTLOOK FOR GLOBAL MINING IN 2017 : FITCH
Fitch Ratings' sector and rating outlooks for the global mining industry in 2017 are both stable, reflecting Fitch's view that prices have ...
Thursday, 08 December 16
CHINESE COAL DEMAND WOULD BE THE KEY FACTOR THAT INFLUENCE WORLD COAL PRICES IN 2017, POLL
“WHAT ARE THE KEY FACTORS THAT MAY INFLUENCE WORLD'S COAL PRICES IN 2017?”
The on-line opinion poll conducted by COALspot.com ...
Thursday, 08 December 16
PANAMAX: THE FIRM TENDENCY CONTINUES IN BOTH HEMISPHERES - FEARNLEY
Supramax
Market remained firm - true mostly within Atlantic.
Star performer USG remained its title, where Supras reached around USD 21k ...
Wednesday, 07 December 16
SHIPPING MARKET INSIGHT - THEODOROS NTALAKOS
Looking back at my previous end-of-year insights, for the last seven years, in each and every one of them, I begin with something like “there ...
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- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- MS Steel International - UAE
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Australian Coal Association
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- The Treasury - Australian Government
- Agrawal Coal Company - India
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