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Wednesday, 25 January 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
 Remember that old but classic song called “Destination Unknown”? Well that is where the oil market is heading right now. The song made a splash with a catchy beat and a noticeable video clip reaching the top of the charts. The oil market on the other hand, may attract attention however, whether it will head for higher or lower levels remains very uncertain.
As far as the performance of the crude oil price is concerned, the signals we are getting are so far mixed, with discouraging fundamentals and optimistic headlines equally affecting prices. Both OPEC and Non-OPEC countries have agreed a production cut as a way to deal with the global oil glut and low prices, which resulted in the Brent blend rallying from $46/bbl to a peak of $57/bbl on 6th January, while it’s currently trading around $55/bbl. So far, so good for the big boys of oil but what about the long-term sustainability of these higher price levels?
Russia’s production reached record highs in December and the second-biggest oil producer seemed very happy at this year’s World Economic Forum not only due to their large oil-driven revenues so far, but also due to positive expectations deriving from the new US president who suggests to ease or even remove sanctions imposed on Russia. Even though Russia’s production plays a significant role, the bigger determinant leading to the persistence of the glut could be US shale oil producers. With notably more operating costs and thus a higher breakeven than other oil extractors, most of shale drillers had shut-down production during lower prices only to come back into profitable business at current levels. Finally, taking into consideration the fact that the US dollar has strengthened, hitting a 14-year high during December, pressure for lower price levels grow stronger.
Keeping this insight melodic, you might recall the lyrics of another popular song of the 90s; “Hello, hello, hello, how low?”. Could this be the tune for the tanker market in 2017? The dominant common factor for both the dirty and clean market is the large number of newbuilding deliveries that could potentially lead to lower freight rates. Saying that, as in the short-run tonnage supply will not significantly change; demand is expected to primarily drive the market in the following months. In the dirty sector, lower oil prices may drive demand for ships higher however; those already excessive inventories could be an obstacle to such rally. The outlook for product tankers falls no further from the mixed-signal environment the dirty market operates in, with the LR market seeing a record-high in vessel deliveries. Greater diversification with respect to trade routes and cargoes, especially in the MR market allow for wider range projections; still forecasts for demand growth for petroleum products making any prediction for the freight market challenging.
In conclusion, well, is there any yet? Amidst mixed fundamentals it would be careless to prematurely jump to any conclusions, as market sentiment has proved to be not only an unpredictable factor but also an influential one. Under the current state of uncertainty, it is still unclear whether the bears will prevail or the bulls will be justified and thus the only safe conclusion that can be reached is nicely summed-up in the title of another pop music hit called “Blank Space”.
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Thursday, 27 July 17
A VOLATILE WEEK IN THE CAPE MARKET - FEARNLEYS
Supramax
The black sea still performing well although bit fewer fixtures concluded/reported. Rates lie somewhere around 18 -19 on front-haul . Bo ...
Wednesday, 26 July 17
SHIPPIPNG MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
After an admittedly challenging 2016, the Dry Bulk market kicked off this year on a much more positive note, with all indices steadily increasing u ...
Monday, 24 July 17
THE FREIGHT MARKET ROSE THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK
COALspot.com: The Freight market rose this past week compared to the previous week, as BDI and Cape indexes show a positive trend week over week.
...
Friday, 21 July 17
ESTIMATED WEEKLY U.S. COAL PRODUCTION TOTALED APPROXIMATELY 15.3 MMST; UP 13.5% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.3 million short tonn ...
Thursday, 20 July 17
SUPRAMAX: INDO COAL ROUNDS ARE TRADING AROUND MID/HIGH $11K WITH SINGAPORE DELIVERY - FEARNLEYS
Supramax
A positive week again in the Pacific with rates moving upwards.
According to Fearnleys Weekly Dry bulk report, Nopac rounds are pay ...
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Showing 1996 to 2000 news of total 6871 |
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- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
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