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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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Tuesday, 03 October 17
RIO TINTO COMPLETES FIRST FULLY AUTONOMOUS RAIL JOURNEY IN WESTERN AUSTRALIA
Rio Tinto has successfully completed the first fully autonomous rail journey at its iron ore operations in the Pilbara region of Western Australia ...
Tuesday, 03 October 17
ALLIED MARKET ANALYSIS
It seems as though the future of the oil trade was once again put into the spotlight, as the Asia Pacific Petroleum Conference took place last week ...
Friday, 29 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FIFTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.7 million short ...
Thursday, 28 September 17
SUPRAMAX: S.CHINA TRIP TO INDIA HAS BEEN FIXED AT AROUND US$ 11000 - FEARNLEYS
Supramax
The hot market seen the last weeks in the Pacific has softened as the Golden week holiday in China approaches and the October shipments ...
Thursday, 28 September 17
THE 'UNREASONABLE' COST OF CASUALTY REPAIRS: ASSOCIATION OF AVERAGE ADJUSTERS CHAIRMAN DETAILS CLAIMS DILEMMAS
KNOWLEDGE TO ELEVATE
The ‘unreasonable’ cost of casualty repairs: Association of Average Adjusters chairman details claims dilemma ...
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Showing 1926 to 1930 news of total 6871 |
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- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Australian Coal Association
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Minerals Council of Australia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Planning Commission, India
- Mintek Dendrill Indonesia
- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Thiess Contractors Indonesia
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