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Tuesday, 31 October 17
BALTIC DRY INDEX TAKES A BREAK FROM ITS UPWARD RALLY COURSE - GEORGE LAZARIDIS
 It has been a week of corrections for the dry bulk freight market as it seems as the general Baltic Dry Index takes a break from its upward rally course.
According to Allied shipping, the course of each individual index seems to have taken a non-typical course since early July, leading many in the market to make claim on attempts of market manipulation by the larger charterers, through the holding back of cargoes every time we reach a peak that is higher than the previous. This sort of trend has been epitomized by the course taken by these indices, with most prominent that of the Panamax index, showing clear “steps” with short periods of corrections in between. This holding back may have occurred to some degree and it will eventually run its course with the market starting to drop at some point (It would be unthinkable to expect that we would be looking at a shipping market on a constant upward curve in perpetuity).
Nevertheless, George Lazaridis, Head of Market Research & Asset Valuations of Allied says, it is important to note that we have already reached a peak level, with rates well above what has been noted in the past 3 years, a sharp contrast to the sort of market we were facing back in 2016. Having said that, we do find ourselves “running with the bulls” so to speak.
He further noted, the most in the Metals markets are showing an over-optimistic face, with the industry eagerly looking at the potential windfall for the market as they head for LME week in London (the annual gathering of the global metals community in London). The metals markets have been showing a very strong face during this past year, with prices having shot up considerably since the bottoming out in 2015 and with key demand centers showing consistently stronger growth figures. China continues to be the key market here, however manufacturing gauges reveal a strong rebound in other key market such as that of the Eurozone and the US.
In addition to this we have seen Allied say, the curbs in China play a role in smoothing out concerns over the tackling of the supply glut that plagued the industry for more than two years now, while the improved overall consumer indices and rising demand from construction and the automotive sectors, have also played a strong role. At the same time further boost have been fed into the market as most continue to show upward revisions in their growth outlook for most of the OECD countries and key emerging markets. As such it is no surprise that there is strong confidence in the market moving forward, while much of this has trickled over to the shipping industry.
The weekly report of Allied further noted, Capesize owners have been the ones most favored by the recent developments in this trade, given their primary focus in the iron ore trade, while many still see plenty of opportunity for the months ahead. That’s not to say that only this size segment is directly benefiting or will be benefiting from this boom in the market. The rest of the segments in the dry bulk market have also seen a rise in activity in cargoes linked to the commodities involved, from a rise in most ore cargoes as well as through the increased activity in steel products, as well as cargoes directly involved with the processing and manufacturing such as coal.
So the question now stands as to how well the dry bulk freight market can continue on its path of improvement or will this be the peak level for the final quarter of 2017, with a pause being set until the next seasonal spike in demand at some point in 2018. The truth is that there still is enough reason to support further increases before the end of the year, but at the same time there is still ample resistance being noted from the side of charterers, George Lazaridis concluded.
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Tuesday, 07 November 17
MECHEL SIGNED LONG-TERM COAL SUPPLY CONTRACT WITH ITOCHU CORPORATION
Mechel PAO a leading Russian mining and metals company, reports signing a framework agreement with a major Japanese universal trading company Itoch ...
Tuesday, 07 November 17
DRY BULK SHIPPING: TAKE GOOD CARE OF THE RECOVERY SAYS PETER SAND
Demand:
Even without much support from Brazilian iron ore exports during August, capesize rates went from $10,000 to $17,000 per day. In Septembe ...
Tuesday, 07 November 17
COAL MARKETS WERE RELATIVELY BUOYANT - DANIEL HYNES
Coal markets were relatively buoyant. Metallurgical coal prices were supported by the stronger steel and iron ore prices, says Daniel Hynes, Senior ...
Tuesday, 07 November 17
PROSPERITY AND WINTER WARMTH REMAIN PARAMOUNT IN CHINA - JEFFREY LANDSBERG
Chinese officials announced recently that 580 gigawatts of coal-derived electricity generation capacity has completed ultra-low emissions reform as ...
Monday, 06 November 17
COAL SHORTAGE HURTS INDIA'S HINDALCO AND VEDANTA SAYS BUSINESS STANDARD
Aluminium smelter operations of Vedanta and Hindalco are at risk of turning unviable due to a coal crunch.
According to Business Standard an I ...
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Showing 1891 to 1895 news of total 6871 |
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- Deloitte Consulting - India
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Planning Commission, India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Chettinad Cement Corporation Ltd - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- SMC Global Power, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
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