We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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”.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
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 ...
|
|
|
Showing 2246 to 2250 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- GMR Energy Limited - India
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
|
| |
| |
|
