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Wednesday, 14 January 15
COMMODITIES AREN'T PRIMED FOR A REBOUND DURING 2015: SHIPPING COULD BENEFIT FROM LOWER PRICES - ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In the recent past, higher commodity prices were driven by an increase in demand from developing countries, which spelled good news for ship owners, are the vast majority of this demand was serviced via seaborne cargoes. However, as the commodity market was plagued by speculators and many relative trades, more often than not, higher prices didn’t necessarily translate to higher demand for cargoes. As such, the latest downward trend among major commodities, isn’t all that bad for members of the shipping community, as they could ignite an increased demand from a series of nations.
In any case, as Allied Shipbroking’s latest report indicated, “we are set for another difficult year for commodities. Faced with strong pressure from a continually increasing US Dollar, a marginal increase in demand and an excessive oversupply glut, it will be hard to note a complete reversal within the next 12 months. Much of the drive in the commodity prices has been the great economic performance of several emerging economies with most notable of these being China. Things have changed however, as China has already seen its growth levels slowdown considerably over the past months and many economic analysts expect an even further slowdown within this year”.
According to Mr. George Lazaridis, Head of Market Research & Asset Valuations with Allied Shipbroking, “at the same time a number of other high performing BRICS have sud-denly found themselves facing considerable economic problems. Russia is one of the obvious ones which has been greatly publicized in the international press. Nevertheless, it is some of the economies hidden in the back pages of economic news journals that hide further troubles ahead. Brazil has seen a reversal of its previous stellar per-formance showing considerable unrest and further cuts in its growth outlook, while many are worried over raised forecasts of inflation. This leaves us with only India and South Africa as potential champions amongst emerging economies which could take up the driver’s seat and push for further global trade growth. India has already started to show signs of ramping up its consumption of several key commodities and while it’s a major producer for several of these commodities as well, we might see a reversal as it starts to become a major importer picking up importance from its growing industrial production. Worth pointing out is the add bonuses it could bring to seaborne trade through higher tonne-mile demand as it will push most of Asia to source its commodities from further away locations. Nevertheless we are still far away from seeing anywhere near the level of importance taken up by China, nor is it yet in the position to cover fully any waning demand growth by China”, Lazaridis pointed.
He added though that “yet, as things stand now, attention has started to shift back to the more developed economies. Europe has a lot of issues still to deal with and after the most recent economic figures coming from The Old Continent, it looks as though we could be set for even further trouble during the first quarter. There is however one economy both big enough to drive a rebound in the global economy. Much will be bet this year on the U.S. recovery and as things continue to improve, so will its appetite for trade. As it drives for further consumption of finished goods sourced from mostly from the emerging economies such as China and India, its demand could be catalytic in pushing these economies back into drive. At the same time, even Europe could start to benefit from the U.S. recovery cause as it gains traction and the Euro continues to weaken against the Dollar so will the cost of Europe’s exports to the U.S. making them more competitive. Looking more long-term therefore, we might finally be in sight of the turning point towards better market conditions. An improved U.S. economy might be perfectly timed with lower commodity prices slowly amplifying demand while creating a steady base for consumption of goods worldwide. This should be in practice more balanced and rigid growth, nevertheless it will be a slow process and we are unlikely to see a complete reversal especially as political turmoil continues to shake things about”, Lazaridis concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 26 January 15
API 8 CFR SOUTH CHINA COAL SWAP CONTINUE TO SLIDE M-O-M; ROSE W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 0.79 (-1.33%) per MT month over month and gained US$ 2.10&nb ...
Sunday, 25 January 15
PANAMAX FREIGHT RATES STILL FALLING
COALspot.com: The BDI was slightly down this week to 720 points. The BDI lost 2.83 pct week on week.
The cape index continued its upward trend ...
Friday, 23 January 15
U.S. WEEKLY COAL PRODUCTION FOR WEEK ENDING JAN. 17 UP 2.5%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.4 million short tons (mmst) of coal ...
Thursday, 22 January 15
PANAMAX: A SOFTER TONE AND OVERALL A SLUGGISH MARKET - FEARNLEYS
Handy
The handy and supra market has experienced yet another week with slow activity and softening rates in both hemispheres, broker Fearnleys AS ...
Thursday, 22 January 15
BUMI RESOURCES POSTS NET INCOME OF $13.3 MILLION 9M-2014
COALspot.com: Bumi Resources, Indonesia’s largest coal miner, reported today that, the company has recorded a net income of $13.3 million for ...
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- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Meralco Power Generation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Planning Commission, India
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Bayan Resources Tbk. - Indonesia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Electricity Generating Authority of Thailand
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Australian Coal Association
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
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