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