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Tuesday, 17 October 17
U.S RECORD EXPORTS OIL TO EAST HAS HELPED THE TANKER TRADE - GEORGE LAZARIDIS
 There was a flood of fresh news this week which clouded the overall prospects of the crude oil market. Just one week prior Saudi Arabia and Russia, the two countries which together produce roughly one fifth of global oil supplies, made a joint announcement reaffirming their commitment to cut back production and help alleviate markets from the glut in supply faced right now said George Lazaridis in his latest report.
According to George Lazaridis, on the back of these positive news the price of crude oil started to show signs of life, with an increase of more than US$ 1 per barrel being seen just hours after the news came out. Moving on to last Monday and there was already a considerable amount of market activity, while most kept a keen eye out for what key findings would be given from OPECs monthly report as well as the US Energy and Information Administration’s weekly inventory report.
Head of Market Research & Asset Valuations of Allied Shipping further noted, OPEC’s in-house analysis in its monthly oil market report did not disappoint, quoting a considerable increase in its forecast for demand next year. It noted a more than 0.6% increase compared to its previous month’s forecast levels, basin this largely on much stronger demand levels now being expected from OECD countries and the lower estimates of non-OPEC supply. The market reaction was almost imminent with the price of Brent crude reaching just under US$ 57 per barrel. This gain seemed to have been further boosted on early Friday as the EIA’s weekly inventories figures showed a decrease by 2.8 million barrels from the previous week while it also reaffirmed the sense of weakening shale oil production figures moving forward. The rally continued on for most of Friday and looks to still have steam in early hours of trading today.
He further added, in the midst of this we continue to see a big volume of U.S. crude heading to the East, with the increased price gap between WTI and Brent pushing for an increase in Far East appetite for U.S. oil, and the U.S. having already noted a record exports of 1.98 million barrels per day by late September. This opening of this trade has helped the tanker trade, adding a fair amount of miles per tonne of crude oil imports made by major importers such as China.
All this has helped boost the image of the crude oil tanker, with freight rates having already seen a fair rise over the past couple of weeks and things looking to gain in strength over the coming months as the winter season demand spike starts to show face. This in combination with the slower fleet growth being seen of late and we have started to see some improvement in prospects moving forward for these large crude oil carriers. In combination with the increased refining capacity being established in the Far East, and we may well see an increase in trade that could well push for a further overall improvement in the market.
It seems as though the prospects for 2018 have improved and there is more and more confidence that the difficulties faced during the second half of 2016 as well as in the year so far may well be behind us. That is not to say that anyone is holding out expectations for any extraordinary rally to take place, but rather that a better market balance could be reached than the one faced right now. This balance may just turn out to be exactly what the crude oil tanker markets needs right now he concluded.
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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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- The Treasury - Australian Government
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Siam City Cement - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
- Thai Mozambique Logistica
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- White Energy Company Limited
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Minerals Council of Australia
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
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