We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 02 July 14
SHIPPING: MARKET INSIGHT - GEORGE DERMATIS
 After 6 months, 57 ministerial meetings and 67 political agreements, the journey of the Greek Presidency in the EU reached its end yesterday; only a day after the journey of our National football team reached its own end at the World Cup.
Last week was a bit more upbeat following the visit of China’s Premier, Mr. Li Keqiang, as the two nations signed shipping, trade and energy deals worth close to $4bn.
China Exim Bank raised its Greek shipping portfolio to $1.3bn and is pacing itself for increasing its exposure in the world’s largest shipping market. It finally seems that Chinese lenders cannot ignore the fact that Greek-owned ships carry 60 per cent of oil, iron ore, coal and other commodities imported by China. ICBC and CDB managed to also raise eyebrows during the same week; especially the latter and its mammoth loan agreement with Costamare for $1.5bn against the owner’s new building program at Chinese shipyards. After all, Greek owners are the biggest customers of Chinese shipyards with almost 200 vessels on order, which means that alignment of interests between the two economies is needed now more than ever.
Although these steps are sporadic and do not necessarily solve the problem of the finance gap that the shipping market faces these days, they are definitely steps in the right direction for –potentially- one of the world’s largest shipping lenders in the years to come. The know-how and track record being built up is immensely significant for establishing confidence in the “name lending” particularities of shipping finance.
Undeniably, Chinese lenders are undergoing a phase of intense restructuring during the past 12 months and the ripple effects are obvious in the shipping industry –including but not limited to the- difficulty that shipyards have in obtaining both refund guarantees and construction loans for several projects. Whilst still trying to create a sustainable framework through small steps rather than a large-scale stimulus, the Chinese Central Bank’s monetary easing over the past 2 months has been positively received by equity markets.
One move towards this direction was announced last week as policy makers committed to increase the number of lenders eligible for lower reserve requirement ratios (RRR). As the Chinese economy is entering a “quasi-deflation” mode, the Central bank is focusing on reducing finance cost in the long run by allowing more and more institutions to use RRR and interest rate adjustments in the short run. These moves, although primarily designed to help the ailing housing market and farming sector, speak volumes about the government’s intention to actively address the concerns of a “hard landing”.
With the freight market still at year lows, it is almost unavoidable to look towards China for glimpses of hope. Whether growth rates will be sustained at levels which will allow healthy trade volumes and subsequently raise freight rates, seems a bit premature to judge. One thing is certain though; all policies from the present Chinese government –even the deflationary ones- have so far been towards the right direction. Although the net result might not be enough to break open the bubbly just yet, we cannot ignore the fact that it is the first week in a long time that we saw some big names in dry cargo chartering slowly coming out of their shell for period charters…
Analysts:
Mr. George Lazaridis
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 11 July 14
UNITED STATE'S MONTHLY COAL OUTPUT FALLS 5.53% IN JUNE
COALspot.com – United States the world's second largest coal producer, produced approximately 18.1 million short tons (mmst) of coal in a ...
Thursday, 10 July 14
SGX EXPANDS ACROSS THE BULKS WITH NEW COAL PRODUCTS
COALspot.com: Singapore Exchange (SGX) is expanding its bulk commodity derivatives offering by launching new coking and thermal coal products on 4 ...
Thursday, 10 July 14
HANDY: SMALL INCREASE; PANAMAX: POSITIVE TONE; CAPESIZE: PAPER VALUES REMAIN WEEK
Handy
It is a general increase in activity in both hemispheres whereas rates have just experienced a small increase. In the Feast we see stable a ...
Wednesday, 09 July 14
SHIP INVESTMENTS ARE TRENDING LOWER
Most ship owners are deeming current ship prices on the high side, refraining from making serious commitments in new acquisitions or newbuilding or ...
Wednesday, 09 July 14
INDIAN GOVERNMENT ADVISED POWER UTILITIES TO INCREASE COAL IMPORTS
COALspot.com: The government of India has advised power utilities to increase coal imports to meet fuel shortages and those that have fuel supply p ...
|
|
|
Showing 3611 to 3615 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Economic Council, Georgia
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Planning Commission, India
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
|
| |
| |
|
