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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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Thursday, 14 September 17
KOMIPO INVITED BIDS FOR 5700 NAR BITUMINOUS COAL FOR BORYEONG POWER PLANT; 390K MT FOR NOV LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 390,000 Metric Tons of Bituminous coal ...
Wednesday, 13 September 17
U.S. COAL EXPORTS FOR THE FIRST SIX MONTHS OF 2017 WERE 55% HIGHER COMPARED TO THE SAME PERIOD IN 2016 - EIA
COALspot.com: EIA expects the share of U.S. total utility-scale electricity generation from natural gas to fall from an average of 34% in 2016 to a ...
Wednesday, 13 September 17
SOME THOUGHTS ON NORTH KOREA, US & CHINA - THEODORE NTALAKOS
The trade volume between North Korea and China is more than $5 billion per year. 83% of North Korea's exports end up in China; similarly, about ...
Tuesday, 12 September 17
NEWCASTLE FOB PRICES ROSE STRONGLY AND ARE NOW THREATENING TO BREAK THROUGH US$100/T - DANIEL HYNES
COALspot.com: The rise in crude oil market supported further gains in thermal coal, says Daniel Hynes Senior Commodity Strategist at ANZ.
Acco ...
Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous ...
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Showing 1941 to 1945 news of total 6871 |
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- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- GVK Power & Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- VISA Power Limited - India
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- The University of Queensland
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
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