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Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
 The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the psychological barrier of 1,500 points.
The last time the Index was above this level was on the 25th of March 2014, which is around 3 ½ years ago. At the same time the market seems to be driven more so by the larger size segments (i.e. Capesize and Panamax vessels) this time around while in comparison to the earnings the rest of the sizes were seeing back then, they are currently trending at around 10% lower. This may well change as there is always a lag to be had in the Supramax and Handysize markets, which means that the earnings for these two sizes may well “catch up” in due course, said George Lazaridis head of Allied Shipping Research in his latest weekly report.
George Lazaridis further noted in his report, nevertheless, the market has been primarily driven by the increased activity that has been noted in the iron ore and coal commodities over the past couple of months. The drive of higher grade iron ore and coal pushed most Chinese steel mills to seek bigger volumes of imports from Australia and Brazil, helping not only ramp up total volumes of imports of these two vital commodities but also help pile on extra tonne-miles in demand thanks to the long distances. The rise in rates hasn’t been so smooth however, with the overall momentum now looking to have slowed down somewhat compared to what we were seeing two weeks ago or even a month ago. Every inch gained in index points from here forth seems to be made with considerable pressure from owners, while at the same time there is growing fear that Beijing’s mandate for a slash in steel production during the winter months (October to March) may cause a disruption to the recent rally and could well push for a cool down in the market come early October.
Allied Shipping Research further said, at the same time though it seems as though the drive for higher grade imports may intensify further during these coming months. Steel mills are likely to seek out higher grade imports so as to improve their overall operational efficiency by managing higher produc!on levels of steel for each tonne of iron ore and coal they utilize while also reducing as such their overall emissions. This has been something clearly reflected in the price of different grades of iron ore with the gap between higher iron content ore prices having increased considerably during the past 2-3 months. This is only one side of the dry bulk market which mainly effects the performance of Capesize vessels. The rest of the size segments heavily rely on the rest of the major dry bulk commodities, which during the same time frame haven’t shown an equal boost in activity.
There has been some increased activity being observed in the grain trade, something that will likely continue, being that we are still within a time frame in the year that tends to be one of the seasonal peaks for this trade. At the same time we have already started to see stronger economic activity figures coming out of most of the important trading economies, something that will surely help further boost demand figures for the minor bulk trades as well, while also supporting the current trends being seen in the iron ore, coal and grain trades.
In any case and no matter what the high point will be during the final quarter of the year, the focus should be placed on what market prospects will be available for next couple of years. Given the state of the fleet and orderbook and under the assumption that we are able to stay on a similar if not improved course in the dry bulk trade, the current highs in the freight market will surely be surpassed and by a considerable margin in the next year or so.
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Friday, 13 October 17
U.S. COAL EXPORTS FOR THE FIRST SEVEN MONTHS OF 2017 TOTALED 51 MMST; UP 62% YOY, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.2 million shor ...
Thursday, 12 October 17
THERMAL COAL PRICES IN EUROPE AND ASIA PUSHING HIGHER - DANIEL HYNES
Coal markets took the lead from the oil market, with thermal coal prices in Europe and Asia pushing higher says Daniel Hynes,Senior Commodity Strat ...
Wednesday, 11 October 17
2020 DEBATE AT IBIA'S LISW EVENT: COMPLIANCE & ENFORCEMENT – IT'S COMPLICATED : IBIA
There is no doubt about the start date for the 0.50% marine fuel sulphur limit in MARPOL Annex VI, but questions remain around how it will be enfor ...
Wednesday, 11 October 17
SHIPPING MARKET INSIGHT - TIMOS PPADIMITRIOU
With the majority of second-hand tonnage transactions taking place in the dry bulk sector it’s easy to lose sight of what is happening over a ...
Tuesday, 10 October 17
DELIVERY OF CARGO WITHOUT ORIGINAL BILLS OF LADING - UK P&I CLUB
KNOWLEDGE TO ELEVATE
- It is common in a lot of trades, whether bulk or oil, to accept a Letter of Indemnity (“LOI”) for non-produ ...
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Showing 1916 to 1920 news of total 6871 |
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Baramulti Group, Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
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