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Sunday, 25 October 15
DRY BULK SHIP OWNERS ARE LOOKING TO CHINA'S POLICIES FOR CUES ON FUTURE MARKET DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 China’s hard or softer landing is a thing which has troubled dry bulk shipping for a couple of years now, as owners have been hit by the country’s diminishing demand for bulk commodities like iron ore and most importantly coal, which has shown the biggest declines, in terms of imports. As such, any adjustment in the country’s fiscal policy is noted with interest, as it can offer a template for one to try to determine future demand.
According to the latest weekly report from shipbroker Allied Shipbroking, “much has been said these past days regarding China’s recently announced fresh stimulus program, with many hoping this should be sufficient to generate the economic boost that’s been much needed this past year. With the announcement from the Central bank on Monday markets started to rally while many out the started to hold expectations that more is under way. Yet will this be enough to boost the fundamentals in the Chinese economy that typically drive dry bulk demand and is it enough to sustain enough upward market momentum?
Allied’s George Lazaridis, Head of Market Research & Asset Valuations said that “the structure of this recent plan is unlikely typical stimulus plans conducted by the central Chinese government in the past, while in its essence it shares more in common with typical quantitative easing schemes undertaken by most of the OECD countries. The bare bone breakdown of the plan is for China’s central bank to expand its pilot program in which it tries to boost bank’s lending abilities. This is set to be done through the allowance of banks to use up a variety of the assets (including bank loans) as collateral to secure the borrowing of funds from the central bank. Up to now the program is currently running in Shandong and Guangdong, while the current plan is to expand it over to nine provinces including Shanghai and Beijing. Although in its current form it is mainly directed in boosting and providing support for small and medium-sized companies, it is unlikely to provide anything close to the effect that was generated during stimulus plans of the past that were primarily used for infrastructure projects, nor is its size likely to be anywhere close to the 4-trillion-yuan stimulus packages. What’s more is that it’s become more and more clear that the central government is unlikely to return back to the old style of stimulus, while it will likely continue to focus on more specialised and directed measures”, Lazaridis noted.
He also wondered why is this however likely to miss in its most part the dry bulk market? According to the analyst, “the main difference here is the plan’s current direction, while even indirectly through the easing of liquidity we are unlikely to see strong interest generated for the traditional heavy industries which are already facing overcapacity problems. Therefore expectations are for limited if any re-investment in construction, real estate or even heavy industry, while the economic shift towards a more consumer based economy and less so export oriented, will inevitably push funds towards things like agriculture, retail and in general services. This should not be taken as such a bad thing, as with the economy widening its production base and boosting the wealth of its consumers and allowing for a continual growth in its workforce it is able to generate significant levels of demand that will not only be able to more quickly absorb any overcapacity issues in the heavy industries, but will also be able to provide the demand that could inevitably allow for other developing countries to eventually generate their own export oriented growth models through Chinese demand for imports. The problem with this is that in its current form we are talking about a very slow process”.
He went on to note that “as such and in conclusion to what we expect to see from the most recent stimulus package, it looks as though it’s wise to hold a cautious view. We have not seen any significant evidence of a turnaround in China just yet and although the recent manufacturing data showed a slight improvement, exports are still expected to remain in decline from a year ago. What we expect to be a positive outcome is hopefully in sentiment and renewed confidence in the central government itself”, Lazaridis concluded.
Source: Nikos Roussanoglou, Hellenic Shipping New
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Thursday, 29 October 15
Q2' 16 FOB INDONESIA COAL SWAP CLOSED US$ 37.40 PER TON; DECLINED 5.56 PER CENT M-M
COALspot.com: Indonesian coal swap for delivery Q4 2015 declined month on month and week over week.
The Q4 swap declined $ 2.13 (-5.34%) per t ...
Wednesday, 28 October 15
Q2'16 FOB RICHARDS BAY COAL SWAP SEES FURTHER DECLINES
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gained week over week and declined month over month.
The Q4 swap was d ...
Wednesday, 28 October 15
BDI INCREASE TOOK PLACE SOLELY ON THE BACK OF CAPESIZE PERFORMANCE, BUT........ - INTERMODAL
COALspot.com: The Dry Bulk market closed off the week noting a small improvement which nonetheless failed to lift sentiment, not only because ...
Tuesday, 27 October 15
Q1'16 API 5 FOB NEWCASTLE COAL SWAP DECLINE 6 PER CENT M-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $2 per ton (4.66%) month over month to US$ 40.93 per ton. The swa ...
Monday, 26 October 15
PORT OF NEWCASTLE SHIPPED 10.5 PER CENT LESS COAL IN SEPTEMBER, COMPARED TO AUGUST LOADING
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.161 billi ...
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Showing 2746 to 2750 news of total 6871 |
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- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Planning Commission, India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Sical Logistics Limited - India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Makarim & Taira - Indonesia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
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