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Tuesday, 18 July 17
CHINA'S ECONOMY HAS BOOSTED OPTIMISM IN THE MARKET - GEORGE LAZARIDIS
 COALspot.com: China’s economy has boosted optimism in the market as its recently announced GDP growth for the second quarter of the year exceeded expectations.
Its economy expanded by 6.9% from a year earlier, beating expectations for a growth rate of 6.8% and matching the growth rate recorded in the first quarter of the year, said Allied shipping in its latest weekly report. This figure has been further supported by the rise in industrial output by 7.6% in June against a year earlier and a rise in retail sales and fixed-asset investments of 11% and 8.6% respectively.
According to George Lazaridis Head of Market Research & Asset Valuations of Allied, with all these figures beating expectations and helping support a rate up to now, which is significantly higher than the full year economic growth target of 6.5% set out by China’s government, we have seen a renewed optimism for commodity exporters and miners, while also boosting confidence as to the market prospects for dry bulker shippers, given that the trade for dry bulk commodities is still mainly driven by Chinese demand.
George Lazaridis further noted that, at the same time and despite this boost in optimism there are still voiced concerns in terms of the rising debt, overcapacity in several manufacturing sectors and the emergence of a possible bubble in the property sector. Given that most of the boost witnessed in the first half of the year has been mainly attributed to gains in all these three areas, there is a fear that their importance and role in bringing a potential reversal in fortunes for China’s economy has also grown significantly. As such there are still cautions being voiced as to the prospects of a potential slowdown in the second half of the year. For the time being however these are just voiced concerns, while it seems that given the recent trends China’s growth figure has become more robust and sustainable, especially as its consumer confidence and purchasing power in its home market has grown.
Head of Market Research & Asset Valuations of Allied further said, these boosts have been heavily reflected thus far in the performance of the dry bulk freight market during the same time period, with rates having shown a fair recovery compared to the daily earnings we had been witnessing a year back. Given the that China’s economic performance still plays an immensely significant role on the dry bulk market, with a fair share of the seaborne trade of dry bulk commodities still driven by Chinese demand, all eyes are heavily set on China so as to be able to get a sense of if we are really on a recovery path or not. At the same time the growth in the fleet has been kept under check during the first 6 months of the year, helping further improve the demand-supply balance in the market and support the improvement in freight rates that has been recorded thus far. Given that most have started to feel that this improved performance in China’s economy could help boost commodity exporters while also provide a stronger global consumer base from where other emerging markets can drive their own manufacturing and investment boom.
Given that we have seen another rally take place in freight rates in the midst of the summer lull period, and that most still hold high expectations as to the market performance in the final quarter of the year, it would be to no surprise if we witnessed another rally in the second hand market as buyers start flock back with even higher expectations of future earnings, driving in turn competition and another rally in asset prices. There has already been some slight indication of renewed buying interest, while it may well turn out that August will be a fairly busy month even when compared to previous years, he concluded in his latest weekly report.
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Friday, 04 August 17
U.S. WEEKLY COAL OUTPUT UP 4.4% W/W - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 16.1 million short tonn ...
Friday, 04 August 17
IMPORTED COAL CONTINUES TO BE A COMPETITIVE, SAFE AND RELIABLE ENERGY SOURCE FOR GERMANY - VDKI
COALspot.com: Worldwide hard coal production in 2016 declined by 3.8% to 6.7 billion tonnes.
According to the Germany Coal Importers Associati ...
Thursday, 03 August 17
SUPRAMAX: INDO TO CHINA COAL ROUNDS ARE GETTING FIXED AROUND MID $8000 - FEARNLEYS
In the Pacific rates have remained weak and under pressure this week with most routes softening.
Indo/China coal rounds are getting fixed arou ...
Thursday, 03 August 17
BUMI RESOURCES COAL SALES RELATIVELY FLAT AT 41.5 MILLION TONS IN 1H' 17; REPORTS US$162.3 MILLION PROFIT IN FIRST SEMESTER
COALspot.com: The BUMI Resources, Indonesia’s one of the largest coal producer, has reported a net income of $162.3 million in 1H’ 17 c ...
Wednesday, 02 August 17
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
During the duration of the first half of the year, the dry bulk market saw intense buying interest that boosted SnP prices significantly. We saw a ...
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Showing 1986 to 1990 news of total 6871 |
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- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Wilmar Investment Holdings
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Samtan Co., Ltd - South Korea
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