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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, 07 November 16
HANDYSIZE: THE ASIAN INDICES RECORDED A GRADUAL DROP EVERY DAY - THE BALTIC BRIEFING
Capesize
A rumour-fuelled market this week but essentially rates a touch firmer and owners cautiously optimistic. The flotilla of vessels heading ...
Monday, 07 November 16
THE SUPRAMAX CHARTER RATES FOR INDONESIA TO INDIA WERE RATING AT AROUND $7500-8000 A DAY
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose slightly and ending in a positive note this past wee ...
Friday, 04 November 16
U.S COAL PRODUCTION UP WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
Friday, 04 November 16
INDONESIAN INFRASTRUCTURE DEVELOPMENT TRENDS ARE UNANIMOUSLY AFFIRMED
Press Release: October 20-21, 2016 Indonesia Infrastructure Summit (IIC) opened at the Hyatt Hotel in Jakarta The theme of the meeting was "Pr ...
Thursday, 03 November 16
THE INDEX BASED COAL SALES & PURCHASE STRATEGY MAKES MORE EFFICIENT, SAYS 55.17% END-USERS
Considering the current coal market condition, the Index based coal sales & purchase strategy make more efficient was deemed the winner by 57.0 ...
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Showing 2226 to 2230 news of total 6871 |
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- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Makarim & Taira - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- White Energy Company Limited
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
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