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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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Friday, 24 March 17
U.S COAL PRODUCTION ESTIMATE DECLINE 4.4% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.1 million short tons ...
Thursday, 23 March 17
CAPESIZE: TAKING A BREATHER AFTER RALLYING - BUT OUTLOOK FOR WEEKS TO COME NOT SCARY - FEARNLEYS
Supramax
In the Pacific the market seems somewhat slower this week, although healthy rates still being achieved said Fearnleys in its latest week ...
Thursday, 23 March 17
KOREA MIDLAND POWER COMPANY LIMITED INVITES BIDS FOR TOTAL 4.77 MILLION TONS OF BITUMINOUS COAL FOR ITS BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 2,090,000 Metric Tons of Bituminous coal f ...
Wednesday, 22 March 17
THE DRY BULK MARKET HAS UNDOUBTEDLY REBOUNDED SINCE THE SAME PERIOD LAST YEAR - KONSTANTINOS KONTOMICHIS
The Dry Bulk market has undoubtedly rebounded since the same period last year and currently enjoys healthier freight rates. The positive reversal i ...
Tuesday, 21 March 17
DESPITE THE CHALLENGING MARKET SITUATION IN 2016 THE DELTA DUNIA MAKMUR HAS ACHIEVED A NET PROFIT OF US$37 MILLION
COALspot.com: PT Delta Dunia Makmur Tbk. has announced its financial results for the period ended December 31, 2016.
Despite challenging marke ...
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- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Economic Council, Georgia
- Marubeni Corporation - India
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- White Energy Company Limited
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
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