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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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Thursday, 07 September 17
CAPESIZE: EARNINGS FOR THE BIG SHIPS KEEP UP NICELY AS DIPS ARE MODERATE AND SHORT-LIVED - FEARNLEYS
Supramax
Fewer activities in the Atlantic in start of the week with the US holidays. Owners were asking around low USD 20k for trip ex USG to Far ...
Thursday, 07 September 17
TALK OF CONSTRAINTS ON CHINESE COAL OUTPUT PUSHED PRICES HIGHER - DANIEL HYNES
Commodity markets were largely higher as a weaker USD boosted investor appetite.
According to Daniel Hynes, Senior Commodity Strategist at ANZ ...
Wednesday, 06 September 17
LAYTIME - CHARTERERS' RIGHTS & PORT COSTS - NORTH P&I CLUB
KNOWLEDGE TO ELEVATE
In a recent London Arbitration decision (18/17) the Tribunal had to consider whether the owners were entitled to recover ...
Wednesday, 06 September 17
SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
The impact of Hurricane Harvey, which made landfall on 25th of August in South East coastline of Texas area has been the major concern of the shipp ...
Tuesday, 05 September 17
COAL: A STRONG MOVEMENT IN THE COAL MARKET OVER THE SUMMER MONTHS - GEORGE LAZARIDIS
We have been witnessing a strong movement in the coal market over the summer months something that has not only helped boost prices for the commodi ...
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Showing 1951 to 1955 news of total 6871 |
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- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Australian Coal Association
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Chamber of Mines of South Africa
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Coastal Gujarat Power Limited - India
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Minerals Council of Australia
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