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Tuesday, 10 January 17
SHIPPING MARKET 2017
After having entered into a New Year, fresh hopes seem to be high for this to be the turning point in the market that many have been looking forward to for several years now. As such the question being thrown around more often nowadays is “what’s in store for 2017” and “will we see a better market this year”, prompting many to take out their “crystal balls” seeking to see if this will be a year of gains or yet another full of further pains, said Allied shipping in its latest weekly report.
According head of market research & asset valuations of Allied shipping George Lazaridis, on the Dry Bulk side, the market gone through some of its worst pains over the last twelve months and are now looking towards a brighter future in the horizon (or is this just hopeful thinking?). On the ugly side of things, it looks as though demand is likely to face serious issues in the near term. Further trimming of coal consumption seems to be in sight, given the serious smog problems being faced in China’s capital these past months. Allied shipping further noted that, other industrial commodities such as iron ore are still tied to a global economy which is still seemingly anaemic in nature and as such are unlikely to show any extraordinarily boosted figures in terms of trade growth. While being on the topic of global economic growth, there are still a number of risks to be faced, given the developments scheduled in this year’s political agenda, with Europe now taking centre stage for most as a number of countries in the region are set to go through some “tricky elections” while the U.K. will also start tackling the difficult negotiations as to its terms of exit. As to developments in the U.S., not much is yet known as to what the new direction will be of the next U.S. president and what this will spell in terms of trade relations for the world’s largest economy.
That’s as far as the main bad news have to go. However there are a number of bright spots in the horizon which could just make 2017 the turning point in the market that everyone has been looking forward to. The order book in the dry bulk market has been at some of its lowest levels (compared to the active fleet) that we have seen in over 15 years now, says Allied. Given the current order book schedule this also means that the growth in supply will start to stagnate after June. At the same "me and unlike what we have seen in the past, there is currently little appetite for another ordering frenzy to take place, while many shipbuilders are already finding themselves in dire conditions, making the possibility of offering extra incentives such as easy financing and favourable payment terms and prices a difficult thing right now. As the order book starts to dry up, the world’s shipbuilding capacity will start to shrink considerably and as that happens, the market will be finally allowed to go through longer cycles then the two year peaks and troughs we have grown accustomed to over the past 8 years, said head of market research & asset valuations of Allied shipping George Lazaridis in latest weekly report.
Allied research team further noted that, things are a little shakier for the tanker sector, where we expect to see demand levels slowly slumber as the price of crude oil continues its rise. Demand in the crude oil trade has been facing difficulties for many years now and given that the main driver of the market (low prices) has now left us, the balance in the market will become more unstable. The order book is not in the worst state it has ever been, as few went out to order new vessels during the past two years, though even this might eventually prove to be more then what tanker owners would like.
Given that non-OPEC oil production could once again flourish under these new terms, the price of crude is expected to cap at lower levels then what it was 3 years ago, but all will depend as to how high that price cap will be, Allied concluded.
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Sunday, 07 April 19
IMO 2020: READY OR NOT? - WOOD MACKENZIE
New Year’s Day 2020 is firmly marked in the calendar as the refining and shipping industries prepare for change.
The International Marit ...
Saturday, 06 April 19
AUSTRALIA COAL POSTS BIGGEST WEEKLY DROP IN A DECADE AMID WEAK DEMAND - REUTERS
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged ...
Saturday, 06 April 19
SUPRAMAX: IT WAS A POOR WEEK OVERALL FOR THE BALTIC SUPRAMAX INDEX, WHICH LOST GROUND - BALTIC BRIEFING
Capesize
The Capesize market over the past week looked to have found a floor on Tuesday with the BCI 5TC at $3460 before firming into the rest ...
Thursday, 04 April 19
OVERSUPPLY STILL MAJOR CHALLENGE WARNS ICS
Speaking in Istanbul, Simon Bennett, Deputy Secretary General of the International Chamber of Shipping (ICS) warned that avoiding overcapacity and ...
Thursday, 04 April 19
GLENCORE, TOHOKU ELECTRIC SET COAL CONTRACT PRICE AT $94.75/T - SOURCE, REUTERS REPORTED
Global miner Glencore and Japan’s Tohoku Electric Power agreed on a price of $94.75 per tonne for supplies of thermal coal from Australia for ...
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Showing 1411 to 1415 news of total 6846 |
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- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Coal and Oil Company - UAE
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- The University of Queensland
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bangladesh Power Developement Board
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sinarmas Energy and Mining - Indonesia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
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