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Tuesday, 31 January 17
A CASE OF NEW YEAR BLUES FOR THE FAR EAST? - GEORGE LAZARIDIS
 Unlike the typical lull in the market that we note during the period just prior to the Chinese New Year, 2017 has proved to be fairly more resilient, allowing many to boost their hopes as to the overall performance they expect the market to show during the rest of the year, said Allied shipping in its latest weekly report.
According to Allied, the average value of the Baltic Dry Index has managed to hold at just above 800 points, a considerably improved level when compared to what we have seen during the past two years and although lower then what we were seeing back in 2014. It has managed to hold at more stable levels compared to 2014 were we had witnessed a 44% drop decrease in the index during the same time frame (i.e. from the start of the year up until the end of January). This has in part been by the fact that the market is no longer facing the same amount of newbuilding delivery pressure as it was back then, providing as such more stability to the balance in the freight market. However, it seems to have been the Atlantic basin that has allowed the market this time around to “keep things going”, said George Lazaridis, Head of Market Research & Asset Valuations of Allied Shipping.
George Lazaridis further noted that, the support provided there has helped counter some of the seasonal slump that we typically witness in the Far East during this time, providing owners with better options and keeping sentiment at slightly better levels.
The hope however goes beyond what we have seen now, with many now waiting to see a considerable improvement in freight rates as demands tarts to slowly gain some of the momentum it lost. To some extent this can be taken as a given, as the slow return of interest in the Far East will surely help bring a balance back into the favor of higher freight rates. Of course, that’s not to say that people should start to place all their hopes on the possibility of a massive improvement in the market. The market is still in a fragile state, with the gradual and steady improvement being noted over the past couple months easily taken off course by any major negative development in trade.
At the same time it is important to note that if we take the average path the market has taken during the past couple of years, it could take as long as 2 more months before we see the index level reach back to where it was prior to the start of January.
For the time being however, it looks as though we may have gone through the first speed bump of the year and come out relatively unscathed. What this reveals about what we face moving forward is not as clear cut, George Lazaridis concluded.
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Tuesday, 20 December 16
TURNAROUND IN CHINESE ECONOMY HAS INTENSIFIED RECENTLY, SAYS COMMODORE RESEARCH
According to the most recent Weekly China Report published by Commodore Research, it has remained encouraging that the turnaround in China’s ...
Monday, 19 December 16
U.S. WEEKLY COAL PRODUCTION DOWN 3.1% PERCENT WEEK ON WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
Monday, 19 December 16
THE FREIGHT MARKET WAS CONTINUING TO SOFTEN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continually decline this past week and ending on a negati ...
Thursday, 15 December 16
SUPRAMAXES ARE ACHIEVING AROUND HIGH USD 7K FOR INDO/CHINA COAL ROUNDS - FEARNLEY
Supramax
Pacific has been relatively quiet this week, with some softening signs.
Supramaxes are achieving around high USD 7k for Indo/China ...
Wednesday, 14 December 16
INTERNATIONAL TRIBUNAL DISMISSED CHURCHILL MINING'S DAMAGES CLAIM AGAINST REPUBLIC OF INDONESIA
The Directors of Churchill Mining plc advise that, the ICSID Tribunal (“Tribunal”) granted Indonesia’s application to dismiss the ...
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- Global Business Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Madhucon Powers Ltd - India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- MS Steel International - UAE
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Minerals Council of Australia
- Romanian Commodities Exchange
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Petron Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
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