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Tuesday, 20 June 17
WORLD ECONOMY SHOWS A MORE OPTIMISTIC TREND
 During the past weeks, we have seen many organizations and think tanks show a more optimistic face with regards to the world economy. The World Bank, IMF and OECD have all made upward revisions to their world GDP forecast figures for 2017, while also showing better figures for 2018 as well, said George Lazaridis, Head of Market Research of Allied in his latest weekly report
According to Allied weekly report, the consensus is that the outlook for global economy has been getting better during the first half of 2017, though most don’t hesitate to point out that it is still not good enough. The big improvement has been with regards to the perceived prospects of emerging markets, which are in their majority expected to reboot their growth momentum and show better figures then what we were seeing a year back.
Head of Market Research of Allied further noted, one of the promising of these is China, with the IMF increasing its GDP growth estimate from 6.6% to 6.7% for 2017, though still holding for a softening down to 6.4% between year 2018-2020, which is in line with the government figures.
He further said, India has also been one of the main, highly promising markets, these past years and from what it seems, its high prospects are not set to let anyone down anytime soon. Projected growth figures for 2017 for India are now set to reach 7.3%, while expectations are for this to propel up to 7.7% in 2018, maintaining as such its position as one of the world’s fastest growing economies.
During the midst of all this improved expectations, we have seen a small glimpse of light come out of the dry bulk freight market. The majority of routes for the Panamax, Supramax and Handysize segments showed a small revival. Though as things stand now it doesn’t seem to be anything remarkable just yet, though given the overall trend that had been noted since the end of March, it has played a pivotal role in helping calm down nerves amongst owners. According to George Lazaridis , the market had started to note jitters amongst many who had started to feel as if some of the excess optimism that was being noted during the end of March was being based on false hopes. In truth, many were too haste to “call it”, before the market had even started to get a proper foothold.
George Lazaridis noted in his latest report, in large part the past is mainly to blame. The main view being expressed is of a recovery and boom akin to what we witnessed back in 2002-2003. The reality is in fact more sober. At these low global economic growth levels, it is next to impossible to drive rate frenzy like anything we had seen back in the early 2000’s. We must come to terms that the path to recovery will be a slow one and will require a considerable amount of effort so as not to choke the market improvement in its tracks just like we have seen countless times during the past 7 or so years.
Allied weekly report further said, at the same time, it is important to note that although many of the more developed economies have been also seeing upward revised figures regarding their economic growth for this year, they are still at relatively low levels and still plagued with a considerable amount of instability. Even though it is emerging countries that primarily drive the raw commodities trade, without the boost of large consumption of end products from the wealthier consumers in more developed economies, the trade chain remains incomplete. You need developed countries to take up the role as a multiplier on global trade, turbo boosting demand as well as economic growth in export oriented economies as well as major commodity exporters. Countries such as China have been covering the gap left behind by the U.S. and Europe over the past couple of years, however without these major economies stepping up to the plate it will be difficult to see global economic growth figures reach double digits any time soon.
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Friday, 07 July 17
EIA ESTIMATES SHOW U.S WEEKLY COAL PRODUCTION UP 1.7 PERCENT
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.9 million short tonn ...
Thursday, 06 July 17
SUPRAMAX: INDO TO INDIA TRIPS WITH DELIVERY THAILAND RANGE IS GIVING OWNERS AROUND MID $8000 - FEARNLEYS
Supramax
Another slow start to the week with somewhat softening rates and few fixtures.
According to Fearnleys Weekly Dry bulk report, the N ...
Thursday, 06 July 17
UNEXPECTED MOVE FROM CHINA BOOSTS COAL PRICES - OIL PRICE
Coal prices have been cooling the last few months — after a spectacular run last year. But news late last week suggests the market is about t ...
Wednesday, 05 July 17
COAL PRICES ROSE IN CHINA, JAPAN AND EUROPE IN 2016 - BP
COALspot.com: Coal prices rose in China, Japan and Europe in 2016 after four years of price declines.
According to bp, the rise in coal prices ...
Wednesday, 05 July 17
TANKER MARKET INSIGHT - KATERINA RESTIS
A war of words blasted last month as the UAE, S. Arabia, Egypt and Bahrain revealed that they are experiencing severe diplomatic issues with the st ...
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Showing 2011 to 2015 news of total 6871 |
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- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Parliament of New Zealand
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- OPG Power Generation Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
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