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Tuesday, 04 April 17
THE IRON ORE HAS BEEN ABLE TO KEEP ITS GROWTH PATH FAIRLY WELL; THERE IS STILL ONE PART OF THE WORLD THAT IS STILL HEAVILY COMMITTED TO COAL
 With the close of March having let us with a very positive after taste and having witnessed near the end of the month the Baltic Dry Index at its highest point in over 28 months optimism continues to hold high says Allied’s weekly market report. Nevertheless, increasingly we are starting to see signs that the high paced recovery that was noted in the market since mid February is not going to continue indefinitely with such momentum.
Allied shipping further noted that, that’s not to say that we aren’t still on a market recovery course and that expectations are still holding for the market to outperform the average earnings that were noted in the dry bulk sector back in 2016 and 2015. However, given the market fundamentals, it seems as though it is hard for the market to be able to reach new excessive highs without some major unforeseen change in the market.
According to Allied, the Iron ore has been able to keep its growth path on course fairly well, feeding of the extra demand that is being generated for steel in most developing countries and boosted at the same time by the improved performance that the global economy is managing at the moment. It is no surprise that from the unabated climb in China’s iron ore imports in March, Capesize vessels were able to reach freight rate earnings that had not been seen for over two years. Yet conditions in the second most important commodity for dry bulkers have not been so rosy
Commenting on coal, Allied's Head of Market Research & Asset Valuations George Lazaridis said, the coal has been facing significant difficulties since 2015 and although up to this point we have been able to see some support from countries such as India, while at the same time Chinese appetite for its internal consumption seems to be more and more sourced by imports rather than local mines, covering as such the previous gap that was created by China’s vast drop in thermal coal consumption. Despite the recent media focus that is being placed on coal lately due to the U.S. President’s extensive efforts to revamp its appeal and put U.S. production back on line by scrapping the Climate change treaties signed by his predecessor, It seems as though there is little that can be done to really jolt the coal market back into high growth. Increasingly so its benefits as an energy source are surpassed by other energy alternatives and ever more so in terms of cost and efficiency rather than just due to strong protests by environmentalists.
Allied noted further, however there is still one part of the world that is still heavily committed to coal and is likely to remain so for the foreseeable future. 61% of India’s power generation capacity is provided by coal while about 40% of India’s coal fired plant capacity is currently idle, easily allowing for a sharp increase in coal consumption.
Going back to the overall picture of the market there is point to see that global growth is still more reliant on the emerging market and in particular that of China (which has recently drop its growth targets for the year), while developed countries have still to show real evidence that they are on the verge of a strong restart and are set to show stronger growth figures then what they have done over the past 8 years or so. As has been mentioned countless times, Allied's George Lazaridis says, the main promise for the market is still mainly reliant on the fact that the fleet has stopped its exponential growth and that we are finding ourselves with a heavily diminished order-book compared to the in service fleet.
This means that the balance between demand and supply will start to swing more and more into the favour of the ship owner. In order however for the market to really start “kicking” we will need the other side of the equation that is demand, to also show a bullish face, Allied concluded in its latest weekly report.
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Thursday, 30 March 17
PANAMAX : ACTIVITY IN THE PANAMAX MARKET HAS INCREASED SUBSTANTIALLY IN BOTH HEMISPHERES - FEARNLEYS
Supramax
This week we were looking at prolonged activity from ECSA, mostly with grain cargoes to Far East and SE Asia, where Ultras to SE Asia fi ...
Thursday, 30 March 17
THE ROLE OF COAL IN THE ENERGY SUPPLY OF THE EU-28: HANS-WILHELM SCHIFFER
The European Union (EU-28) is one of the largest economies in the world, with a gross domestic product (GDP) of €14,635 billion in 2015. It ha ...
Wednesday, 29 March 17
MARKET INSIGHT - NASOS SOULAKIS
Shipowners will always look for market signals in order to gauge market perception and decide upon which strategy to follow next. And while owners ...
Monday, 27 March 17
THE FREIGHT MARKET CONTINUED TO FIRM WEEK OVER WEEK
COALspot.com: The Freight market was continuing to firming up.
The Baltic Exchange, tracking rates for ships carrying dry bulk commodities ros ...
Friday, 24 March 17
ADARO INDONESIA'S COAL SALES VOLUME INCREASED SLIGHTLY TO 54.1 MILLION TONES IN 2016
COALspot.com: PT. Adaro Indonesia, Indonesia’s second largest coal miner’s sales volume increased slightly to 54.1 million tones (Mt) i ...
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Showing 2086 to 2090 news of total 6871 |
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- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- The University of Queensland
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- TeaM Sual Corporation - Philippines
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- Australian Coal Association
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
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