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Wednesday, 07 December 16
IT'S BEEN YET ANOTHER TURBULENT COUPLE OF DAYS..... - GEORGE LAZARIDIS
 It’s been yet another turbulent couple of days, with a significant number of news headlines shaking up markets.
On Friday we had the OPEC agreement coming to light, with all members and Russia agreeing to cut down production outputs. This has had a fairly imminent impact with Brent crude oil rising to above US$ 55 a barrel earlier today, the highest level it has reached in over 16 months, says George Lazaridis Head of Market Research & Asset Valuations of Allied in his latest weekly report.
George Lazaridis further says, despite the fact that there is still considerable debate as to how the price will trend moving forward, with some estimates reaching as high as US$60 and US$70 a barrel. There is however some skepticism in reference to the effectiveness of this current agreement. There are a number of major non-member producers which could threaten the effectiveness of this deal, while there is even a threat from within OPEC itself. The last time that a quote was set, members exceeded their individual quotes for 20 out of the 24 months before the quote being eventually scrapped at the end of 2015.
Allied Shipbroking’s weekly report further noted that it wasn’t all about oil this week, with the Referendum in Italy on Sunday taking main stage and threatening stability with in Europe and the Euro are a once again. After losing the Referendum, Italy ’s Prime Minister, Matteo Renzi, is now anticipated to offer his resignation to the President Sergio Mattarella, who in turn will have to weigh the options and see how well balanced the governing party is to support another prime minister while seeking to avoid the option of early elections taking place. This was initially a major hit on the Euro, with early hours trading on Monday seeing a considerable drop. Things however took a quick shift as markets started to re-question the significance this could have on the market, while it also seems as though markets had already priced in the outcome of the referendum several weeks in advance seeing that the “No ” vote was ahead in most pre-voting polls.
According to George Lazaridis, all these developments have only gone towards further strengthening the U.S. Dollar which now seems to be become a threat in itself for most of the emerging markets. Major markets such as Europe and Japan cheer on for a stronger dollar, which has the benefit of allowing them to improve their trading terms while also helping keep pressure on inflation. Things are very different for most emerging markets however which will have to battle out with their dollar denominated debt held by both governments and companies, while there are concerns that a stronger dollar will also create a shortage of credit for these markets. The fear is that the overall net effect could be a dampener on trade , though this is disputable as in a state were the OECD economies start to generate higher economic growth figures they could also produce the consumption needed to drive trade and growth for emerging markets and help them counter any negative offset produced in the short -run by a stronger dollar.
As for shipping, the effects are also mixed. On the one-hand you have worries as to how trade could be effected by both the strengthening of the price of crude oil and the stronger U.S. Dollar, though this is nothing new for us given that we have been in a “limbo ” state of uncertainty for several years now. The most imminent effect will likely be on asset prices, with several ship owners with debt denominated in currencies other the U.S. dollars (e.g. Japanese owners) likely to look more favourably on any sale option as the U.S. dollar strengthens. This however could have an unintended consequence, with a bigger selection of high specification units driving the buying frenzy further in markets such as that of dry bulkers, George Lazaridis concluded.
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Wednesday, 12 April 17
SHIPPING MARKET INSIGHT - VASSILIS VASSILIOU
The first quarter of 2017 started relatively busy for the ship repair sector, with most of the repair facilities being nearly fully occupied till t ...
Monday, 10 April 17
THE CAPE INDEX WAS DOWN BY 16.32% WEEK OVER WEEK
COALspot.com: The Freight market was steady week over a week except for Cape. The cape index was down 16.32 percent week over week.
The Baltic ...
Friday, 07 April 17
INDONESIAN GOVERNMENT DECLARED SPOT COAL PRICES STAGE FIRST INCREASE OF THE YEAR
COALspot.com: Indonesian government declared coal benchmark price rose slightly in April, government data showed.
The benchmark price of Indon ...
Friday, 07 April 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
Supramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stab ...
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- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Madhucon Powers Ltd - India
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
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