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Tuesday, 24 July 18
TANKER MARKET : IN TERMS OF TRADE, THE STEPS THAT WERE SLOWLY BEING TAKEN BY OPEC AND RUSSIA - GEORGE LAZARIDIS
 Despite the fact that the tanker market still seems to be in the midst of a perfect storm, there are still strong indicators that better sailing days lay ahead.
In the year to date earnings have followed much in line with the troubled levels that were being noted a year prior. The main difference was that this year we were starting to get “good vibes” as to the prospects of both trade and fleet development moving forward George Lazaridis, Head of Research & Valuations in Allied shipping says in his latest weekly report.
In terms of trade, the steps that were slowly being taken by OPEC and Russia, namely to ramp up their production levels, were already starting to pay dividends on some routes. At the same time the Fracking revolution in the US has already helped shift trade patterns in such a way that each extra tonne of crude oil being shipped on average adds for considerably increase in tone-mile against what it would be adding a couple of years back. He further noted that, given that most of the foreseeable consumption growth is seemingly being generated from Far Eastern economies, the significance of this latter point gains further traction and weighting when looking at expectations of how trade will evolve moving forward. Just to put a few figures to mind, the Asian Pacific and African regions have shown a 31.1% and 32.1% increase in crude oil consumption over the past decade according to the latest figures provided by BP’s statistical review, while in comparison Europe and North America have shown a decrease of 9.1% and 5.3% during the same time frame.
According to George Lazaridis , in the case of the Asian Pacific region this growth rate is ever more significant given that the region now holds a 35.6% share of global crude oil consumption (Africa on the other hand still takes up a mere 4.2%) marking it close to on par with the combined share of 39.8% taken up by Europe and North America. The trend therefore seems to be ever more Eastbound for trade flow in this sector, while given that the US is now being poised as becoming a strong export player, the recent trend noted in terms of tonne-mile increases, is likely to further bolster over the coming years.
On the other side of the equation, we had been witnessing a relative improvement in the overall crude oil tanker fleet development over the past 6 months. The total fleet of crude oil tankers has decreased by around 0.4% during the first 6 months of the year, mainly thanks to the extensive ship recycling activity undertaken and the relatively “soft” newbuilding delivery schedule that was at hand. With this trend likely set to continue on for at least the near-term, especially in the case of newbuilding deliveries where things have eased off further, the freight market should find a relative balance even under the pessimistic scenario that we see a minimal growth rate emerge in terms of trade.
Given that there are still a fair number of indicators pointing to an improvement in trade volumes for the near term, there should in theory be reasonable room for a fair spike in freight rates to take place in the final quarter of the year. Granted that the recent trade disputes that have arisen between the US and China have dampened hopes by a certain degree, but the overall trend is still there and given that OPEC and Russia are still looking to be committed to their goal of increasing their production levels, this should help generate an ever-increasing flow of crude to the East.
At the same time, it is important to take note that there still seems to be a wave of new refinery capacity set to come online in China (Asia’s largest consumer) while it is important to note that the countries oil refinery throughput had risen by 8.2% y-o-y in May.
- George Lazaridis, Head of Research & Valuations, Allied Shipping -
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Friday, 29 June 18
THE LBH GROUP AND RHENUS PLAN TO ESTABLISH A JOINT COMPANY
Press Release: The port services provider, the LBH Group, and the logistics specialist Rhenus, are planning to cooperate closely in the European in ...
Friday, 29 June 18
SUPRAMAX: INDO / CHINA COAL ROUNDS PAYING AROUND USD HIGH 11000 - FEARNLYS
Capesize
Its been an interesting week with a strong demand for ships out of Brazil, making C3 rates remain around USD 19 pmt said Fearnlys in i ...
Friday, 29 June 18
JAPAN'S TOHOKU ELEC, GLENCORE ABANDON APRIL-MARCH COAL CONTRACT TALKS - REUTERS
Japan’s Tohoku Electric Power Co Inc and Glencore Plc have abandoned talks on annual thermal coal supplies after failing to reach an agreemen ...
Wednesday, 27 June 18
SHIPPING MARKET INSIGHT - APOSTOLOS ROMPOPOULOS
After the abolishment of the trade embargo against Iran, there was a lot of optimism from the country’s side, as after quite some time a numb ...
Tuesday, 26 June 18
"ALWAYS ACCESSIBLE": ARRIVAL, DEPARTURE OR BOTH? - INCE & CO
KNOWLEDGE TO ELEVATE
An “always accessible” berth warranty is often used by an owner to transfer the risk of delays in berthing to ...
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Showing 1686 to 1690 news of total 6871 |
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- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- White Energy Company Limited
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Rio Tinto Coal - Australia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
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