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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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Sunday, 11 January 15
BDI DECLINED 8% ON WEEK; BCI LOST 31%
COALspot.com: The BDI continued its decline in the first week of this year or lost 8 pct week over week. The BDI was closed at 709 points whi ...
Friday, 09 January 15
U.S. EASTERN SPOT STEAM COAL PRICES FELL IN 2014; ROSE IN WEST - EIA
U.S. Eastern spot steam coal prices declined in 2014 compared to 2013 levels because of a decline in steam coal exports.
According to U.S. Ene ...
Friday, 09 January 15
WEEKLY U.S. COAL PRODUCTION UP AN ESTIMATED 2.2% Y-O-Y
COALspot.com – United States the world's one of the largest coal producers, produced approximately 17.6 million short tons (mmst) of coal ...
Thursday, 08 January 15
INDONESIA PRESSES ON WITH HIGHER COAL ROYALTY FEE TO BOOST STATE REVENUE - JG
The Indonesian government is pressing on with its plan to raise the royalty charged to coal miners in order to increase state revenue, but the move ...
Wednesday, 07 January 15
FUEL EFFICIENT SHIPS MAKE LESS SENSE IN LOWER BUNKER PRICE MARKET, BUT FUEL COSTS ARE BOUND TO RISE AGAIN
The shipping industry entered 2015 on mixed emotions, as a relatively buoyant tanker market is met by a rather lackluster dry bulk market. Still, a ...
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- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- The University of Queensland
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
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