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Tuesday, 14 February 17
OPTIMISM HAS STARTED TO SLOWLY FLOW BACK INTO THE DRY BULK MARKET - GEORGE LAZARIDIS
 Optimism has started to slowly flow back into the dry bulk market, with many in the market showing renewed optimism as the Pacific basin starts to gain quickly in enquiries and activity after the end of the Chinese New Year festivities. It may well be way too early to tell if the market has what it takes to really lift freight rates at the moment, especially as we are still at a relatively soft seasonal point, with the “annual grain” rush in the Atlantic still far away, says George Lazaridis, Head of Market Research & Asset Valuations of Allied Shipping in his latest weekly report.
There has been however several positive indications in the market that things should prove considerably better in the first half then what we had seen both in 2016 and in 2015.
According to Allied, commodities have been pulling their weight lately, with the increased momentum in demand still keeping things firm. A good example of this have been the recent figures coming out of China whereby we witnessed the second highest monthly increase in iron ore imports during the first month of the year. This drive has been in part by the effort made by steel mills to replenish depleted stockpiles, though more importantly it seems to be a continual drive for greater reliance in imported supplies displacing the higher cost local production. This latter point is what gives greater confidence as to the prospects of the market moving forward along with the aspect that despite the large number of closures in steel mills in China, Chinese steel capacity actually increased in 2016. This move is in line with what we have been seeing in terms of prices for both iron ore and steel, both of which have shown resilience over the past six months and have managed to hold the gains made during 2016. Similar moves have been made in the coal market, with major producers in both India and China shifting their focus to imports rather than locally sourced supplies. In the case of the former its largest coal producer, namely Coal India Ltd., has shown a strong intention to acquire coking coal assets abroad, referencing India’s lack in technology to economically develop local reserves.
However, George Lazaridis noted further, for all these positive signs in these two main dry bulk commodities, the Capesize market which is the most dependent on their trade has yet to show as quick a comeback after the Chinese New Year as the rest of the market. It has actually been the Panamax and Surpamax sizes boosted by increased trade in the Pacific that have shown a positive spark in the market and have been driving much of the renewed optimism. The hope is that given the recent trends and especially those noted during the latter part of November and most of December, the Capesize market should start to ride on a fair rally that should in turn push the average freight rate up once again. Given the fact that the orderbook in this size segment is minimal and has already showed a relatively slow rate of growth in during the past year, with a fairly modest rate of growth we could easily see rates climb once more.
With all that being said and giving a fair point to the improved demand levels being seen for most of the main dry bulk commodities, once again it is worth pointing out
that market conditions right now are fairly unstable with a lot of potential disruptors in the Horizon. Without taking note of the likelihood of these disruptors taking place, it would seem that in the near term they may well be good reasoning behind the small burst in market exuberance, George Lazaridis concluded.
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Thursday, 16 February 17
IF I PLAN TO UNDERTAKE A CHARTERPARTY WITH AN UNFAMILIAR ENTITY, WHAT STEPS CAN I TAKE TO ENSURE THE CHARTERER WILL PAY THEIR HIRE? - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Due to the difficult conditions currently existing in the shipping market, particularly in the offshore sector, Members a ...
Wednesday, 15 February 17
SHIPPING MARKET INSIGHT - INTERMODAL
Looking at the state of the Dry Bulk market exactly a year ago, there is no doubt that there is a significant improvement and despite the fact that ...
Monday, 13 February 17
COMBINED COAL SALES OF BUMI RESOURCES ROSE TO 87.7 MILLION TONS IN FY'16; UP 10.6 PERCENT Y/Y
COALspot.com: Combined Coal Sales of Bumi Resources rose to 87.7 million tons in FY’16 compared with 79.3 million tons in FY’15. ...
Monday, 13 February 17
THE FREIGHT MARKET CONTINUED TO TUMBLE IN FEBRUARY
COALspot.com: The Freight market was continued its downfall in all segments except Panamax for the week ending 10 February 2017.
The Balt ...
Friday, 10 February 17
U.S. COAL OUTPUT IS ESTIMATED TO HAVE DECLINED BY 158 MMST IN 2016 TO 739 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
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Showing 2126 to 2130 news of total 6871 |
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- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- The University of Queensland
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Planning Commission, India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
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