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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, 24 October 16
DRY BULK:MARKET ENDS WEEK WITH MIXED REACTIONS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ending with mixed direction as Cape and BDI was declined ...
Thursday, 20 October 16
THE PORT OF NEWCASTLE SHIPPED 16.97 PERCENT MORE COAL IN SEPTEMBER
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,216.7 m ...
Thursday, 20 October 16
A SUPRAMAX HAVE BEEN FIXED AT $12,500 FOR A INDIA TO BANGLADESH TRIP - FEARNLEYS
Supramax
A bit more activities with modest upturn in rates.
According to Fearnleys weekly report, US Gulf trip to Skaw-Passero has seen cons ...
Wednesday, 19 October 16
THE SHIPPING MARKET IS IN A WAIT AND SEE MODE - INTERMODAL
We are now heading towards the end of a rather volatile 2016 for the dry bulk segment. During the last 10 months there were never any clear indicat ...
Tuesday, 18 October 16
COAL PRICES KEPT CLIMBING
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing and it is expected to rally at l ...
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- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Bhatia International Limited - India
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Australian Coal Association
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Ambuja Cements Ltd - India
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- CNBM International Corporation - China
- Central Electricity Authority - India
- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- CIMB Investment Bank - Malaysia
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