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Thursday, 03 December 15
DRY BULK: THERMAL COAL LOWER USAGE UNDER A POTENTIAL NEW CLIMATE DEAL WILL ADVERSELY IMPACT THE MARKET'S RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 In direct contrast to the tanker market, the dry bulk one has seen demand for key commodities, such a coal, dwindling down over the course of the past year. With climate talks in Paris now in full swing, expectations are for a further squeeze on the consumption of “dirty fuels” and the improvement in energy efficiency and the promotion of use of cleaner energy technology. In its latest weekly report, shipbroker Allied Shipbroking noted that “the pressure, as in the past, is likely to be put mostly on the developing economies which rely more heavily on “dirty” fossil fuels to cover their increasing energy demands. As part of their current pledge to lower their dependency on commodities like coal, countries such as China and India have already started to curb their appetite”.
According to Intermodal’s Head of Market Research & Asset Valuations, Mr. George Lazaridis, “this development has been heavily reflected during the course of this year if one takes a look at the importing volumes of coal into China (something that has been one of the main factors in the deterioration of the dry bulk freight market over the past 11 months). At the same time and although India had been making up for some of these losses in shipment volumes, it now looks that the situation has already started to shift dramatically, with import volumes of thermal coal into India stagnating over the past few months”.
Lazaridis notes that “the issue takes on a whole new magnitude when one combines the further problems caused to shipping not only if India takes on efforts to curb its dependency on coal but if it continues on with its plans to increase its independence from foreign imports by utilising its internal reserves by more than doubling its output over the next five years. India’s Prime Minister, Narendra Modi, is likely to take a stronger stance in defending the position of emerging markets, asking that more should be done on the side of the “rich world” in order to give room and opportunity for growth to emerging markets which are still playing a “catch up” game with the West. To what extent this will fall on deaf ears will be greatly influenced by the fact that most believe that further pledges for cutting down emissions should be put in place. Under any case it looks as though it will be a difficult sell to keep up the current consumption of commodities such as thermal coal”.
But it isn’t just coal that will take on the “heat” from this year’s UN Climate Change Conference. According to Lazaridis, “in its focus are all fossil fuels, with efforts to be taken to also reduce consumption in commodities such as oil as well. A sure point will be placed on the recent “Diesel Car” scandal, which in its wake will likely push for a further increase in emissions regulations within Cities inevitably boosting the promotion of other environ-mentally friendlier options for inter-city transportation, which are likely to be of greater efficiency and possibly have a higher reliance on other energy sources which are less polluting. This is something that has been noted for some time now, with many now seeing ever more unlikely the scenario of the developing world reaching a per capita consumption of crude oil on par with that the developed world has had in recent years”, Allied’s analyst noted.
He concluded by noting that “although judging from previous Climate Change conferences, the likelihood of any major commitments being drawn is minimal, it will still be a black cloud that will follow shipping markets over the coming years, influencing both trade in energy commodities as well as technology and efficiency of ships themselves. Keeping a close eye on the developments there from could lead to a better understanding of what new challenges the industry will have to face moving forward”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 06 December 15
DRY BULK MARKET ON REVERSE MODE, SET TO BREAK NEW ALL-TIME LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been the negative “star” of the shipping industry for quite some time. In fact if it wasn’t for the boomi ...
Sunday, 06 December 15
DESPITE TEMPTING NEWBUILDING PRICES, CONTRACTING IN DRY BULK REMAINS LOW - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the l ...
Friday, 04 December 15
FOB INDONESIA COAL SWAPS ARE ALMOST FLAT OVER WEAK DEMAND
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and rose slightly week over week. Coal prices seen very margi ...
Friday, 04 December 15
COAL PRODUCTION IN THE U.S. FOR W/E NOVEMBER 28TH FELL SLIGHTLY FROM THE PREVIOUS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 15.0 million shor ...
Friday, 04 December 15
MINING OUTLOOK WEAKENS FURTHER ON FALLING CHINESE DEMAND - FITCH
COALspot.com: Fitch Ratings' outlook for the global mining sector in 2016 is firmly negative, reflecting our view that Chinese demand will cont ...
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- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Planning Commission, India
- Kideco Jaya Agung - Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Energy Exchange, India
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Marubeni Corporation - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Eastern Coal Council - USA
- Parliament of New Zealand
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
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