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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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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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- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Thiess Contractors Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Directorate General of MIneral and Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Central Electricity Authority - India
- ASAPP Information Group - India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- The University of Queensland
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Sree Jayajothi Cements Limited - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Planning Commission, India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
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