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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 in Singapore. Being arguably one of the industry’s largest gatherings of traders and oil executives, many were anticipating a highly optimistic environment to be seen in the different discussions, as crude oil prices reached their highest level in two years on the very opening day of the conference, said George Lazaridis Head of Market Research & Asset Valuations of Allied Shipping in his latest weekly report.
According to George Lazaridis, many would agree that crude oil demand is steaming ahead at a rate much higher then what we have seen during the past two years, while with all this fresh demand, the excess supply glut that has overshadowed the market seems to be gradually dealt with. There were however those that still voiced concern, as to the long-term prospects of the industry, given that OECD countries seem to have already gone through their peak demand levels, while focus is constantly put towards a move away from energy sourced by fossil fuels and higher efficiency in energy consumption.
The main highlight however had more to do with the potential shifts in trade patterns, with the focus of the discussions being placed on the future of Chinese independent refineries. He further said, the China has already taken center stage in the crude oil market, having overtaken the U.S. as the world’s top crude oil importer. Its importance has been continually highlighted by the support and boost its import volumes have given the freight market of crude oil tankers, while it still holds the largest potential source for growth in demand, still playing a catch-up game with the West in terms of oil consumption per capita. At the same time, private refineries in China, often referred to as “teapot refiners”, have performed well, with their production levels having gradually intensified and now account for around a quarter of China’s total refining capacity. This has been despite the intense competition from the state-owned behemoths and the great challenges they have faced in terms of infrastructure issues, intense oversight by the government and limitations in the granting of fuel export licenses.
George Lazaridis of Allied further noted that, the most of these refineries operate in Shandong province and have relatively small refining capacity. This stellar performance has been the main driver in the renewed efforts being placed by private investors for a considerable expansion in the countries private refining capacity through the construction of a new generation of plants in Zhejiang and Liaoning provinces that will match in size some of the world’s largest refining facilities. One of these plants is being built on Zhoushan Island in Zhejiang province and is expected to have a refining capacity of 20 million metric tons a year when it is completed next year, while the plan is to double this figure by 2020.
This move would make it one of the biggest plants in the region matching facilities in Singapore, South Korea and India. Given that these new independent refineries would be well placed close to deep-water ports, they would attract considerable attention from a large number of oil producers and traders, likely boosting the VLCC Far Eastern trade. This gives, in theory, the crude oil carrier a new lease of life, promoting the trade of crude oil feedstock into China rather than refined oil products and petrochemicals.
There is a catch however, as around the same time that these new independent oil refiners come online, other refineries from oil producing nations such as Saudi Arabia’s Jazan project, Malaysia’s Rapid and Brunei’s Hengyi are expected to start operating, adding to the intense competition these Chinese newcomers will have to face, along with the excess capacity the sector as a whole still has to deal with George Lazaridis concluded in his report.
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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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- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Central Electricity Authority - India
- Economic Council, Georgia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- India Bulls Power Limited - India
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Kobexindo Tractors - Indoneisa
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- Deloitte Consulting - India
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