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Tuesday, 09 May 17
DRY BULK TRADE IS STILL HEAVILY RELIANT ON CHINA - GEORGE LAZARIDIS
 We have seen an overall cool down in the dry bulk and tanker markets over the final two weeks of April, sparking worries amongst ship-owners that the high point of 1,338 in the Baltic Dry Index is the ceiling we can reach for the time being said Allied Shipping Research in its latest weekly market report.
According to George Lazaridis of Allied, this in part has been reflected by the slower growth figures reported today by China’s official import figures, which showed a rise of 11.9 percent compared to March’s 20.3 percent increase. In terms of exports, things seemed to be hit even harder, with exports noting an 8.0 percent rise year-on-year, compared to 16.4 percent rise that was noted in the month prior.
Dry bulk trade is still heavily reliant on China, with its imports accounting for the largest share of seaborne trade for the main dry bulk commodities. At the same time, China’s imports are directly correlated and reliant on its exports, with its economy still being export oriented to a large extent. The recent trends that have been noted in the dry bulk market have been too many people’s surprise, given that most had expected that the seasonal grain trade in the Atlantic would have helped keep the momentum that was being noted in previous months going. However it seems as though we witnessed a materialization of the main fears that had been observed in regards to the problems being faced in the steel industry and excesses being seen in terms of stock piles of iron ore, while at the same "me the drop in commodity prices that has been taking place over the past months, has only helped to allow charterers to withhold cargoes and dampen market conditions for the time being.
Head of Market Research & Asset Valuations of Allied further noted, that being said, there are still expectations of trade growth to continue to hold up relatively well given the brighter outlook that is being seen for the global economy this year, however there are still “headwinds” to overcome, with China itself taking on further policy tightening in order to cut off speculative investment (mainly in the property sector), something that could inevitably remain as a dampener over the coming months. We are still not yet in an economic environment globally whereby we can witness a fast-paced growth in trade. We have seen conditions in the political landscape improve somewhat, especially over the past weekend with France’s election results helping eliminate fears of a potential impending break-up of Europe. This should, in turn, helped boost figures in one of the world’s biggest economies, while improved numbers coming from the U.S. could combine to provide another strong driver for emerging markets.
George Lazaridis of Allied Shipping Research further said, although there are still rumors that we may well see another small rally before midsummer, as there are still talks of excess grain cargoes looming hidden in the market, we may well end up seeing a further softening in sight with the 1,338 points noted on the 29th of March, being the maximum high that will be seen in the first half of 2017. Nevertheless, we are still seeing a market that is firmly on a recovery path and although for the moment this recovery path is slow and still relatively fragile, it is still on course and as such should translate into further improvements in the freight market moving forward. To what extent, will both depend on the overall conditions of the global economy, but as always will also heavily depend on what we do on the supply side of things.
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Monday, 10 April 17
THE CAPE INDEX WAS DOWN BY 16.32% WEEK OVER WEEK
COALspot.com: The Freight market was steady week over a week except for Cape. The cape index was down 16.32 percent week over week.
The Baltic ...
Friday, 07 April 17
INDONESIAN GOVERNMENT DECLARED SPOT COAL PRICES STAGE FIRST INCREASE OF THE YEAR
COALspot.com: Indonesian government declared coal benchmark price rose slightly in April, government data showed.
The benchmark price of Indon ...
Friday, 07 April 17
U.S WEEKLY COAL OUTPUT ALMOST FLAT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 06 April 17
PANAMAX: THE MARKET HAS CONTINUED THE FIRM SENTIMENT FROM LAST WEEK IN BOTH HEMISPHERES - FEARNLEYS
Supramax
With holidays in Asia, the week has started very slow in Pacific. Some fixtures have still been done and levels have remained quite stab ...
Wednesday, 05 April 17
THE AVERAGE SECOND HAND PANAMAXES AND CAPES PRICES FOR A 5-YR OLD VESSEL HAS INCREASED MORE THAN 19% AND 20% RESPECTIVELY M/M - INTERMODAL
With the help of what so far appears to be a very strong grain season together with the fact that imports from China have remained so far robust in ...
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Showing 2076 to 2080 news of total 6871 |
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- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Dalmia Cement Bharat India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Australian Coal Association
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
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