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Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
 Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psychological” level of 700 points (Baltic Dry Index), which is a six-month high. However, analysts and shipbrokers alike are keeping both feet on the ground, as things are still more than fragile and could turn around in a heartbeat. According to a recent report from shipbroker Intermodal, “the commodities markets have been moving like crazy during this time, with the bear rally having pushed prices for iron ore to more than 15-month highs (the recent peak reached $70 a tonne, marking it for now the best price performing commodity for 2016”.
Intermodal noted that “all this market boost seems to be the child born from the combination of several market effects mainly resonating from within China. The increased availability of credit from the huge amount of cash injected by Chinese policymakers into its banking system earlier this year, the restocking undertaken ahead of the summer construction period, tighter supplies recently noted after a string of closures last year, supply disruptions in Australia and Brazil and finally a more bullish appetite for steel in China following an improvement in steel-intensive construction and infrastructure projects and a better than expected GDP figure for the first quarter of 2016. This has been enough to feed speculation from China and drive a more then 80% increase in price from its low back in December of 2015”
According to George Lazaridis, Head of Market Research & Asset Valuations with Intermodal, “all this has in turn has fed a stimulus to the iron ore futures contract and has been thoroughly noted in the advancements in seaborne trade shipments. Yet as good as all this may sound, alarm bells have been ringing. The recent rally is still being held on a very shaky foundation, while recent public comments from most of the major iron ore producers have been mentioning the expectation of a significant inflow of cheaply sourced supplies which are due to come online this year. Further to this and with the price of iron ore having now reached this new peak, mines based within China (which had been driven out of market from the previous drop in prices) will be able to come online even partially, as such bringing a temporary halt in seaborne imports. Furthermore, it is important to also note that it is still too early to tell the long-term viability of the recent stimulus package brought on by the policymakers and how well it will be a steady support on the market and provide real support for a true market recovery”.
Lazaridis added that “nevertheless and after having mentioned all the cautions that needed to be addressed, the news are fairly positive. From the perspective of the shipping industry it is the boost in demand that plays the more significant role, with the recent rally in prices, although reflecting the market improvement in demand, leaving risks down the line if these prices were to prevail for too long. Cheaply sourced supplies could further boost demand while allowing to keep the competitive edge on supplies sourced from far locations such as Australia and Brazil. Therefore the focus is on the consumption boost from within China, which if it lasts and keeps on course, could be the sign of a true market recovery in sight”.
He concluded his analysis by noting that “taking away from the recent rise in demand the percentage that is due to the high seasonal restocking does make for a more moderate rise while it leaves a sense of an upcoming drop once the focus shifts from restocking to destocking. For the moment however, things look positive and given the Herculean efforts made on the side of ship owners to keep the supply of Capes capped, we might be set for an earlier recovery then what one would have thought of back in January. What is important is that we don’t lose our sight off the ball, and keep efforts to a max in order to bring about this change in markets sooner rather than later”.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Friday, 06 May 16
U.S. WEEKLY COAL PRODUCTION UP 9 PERCENT W/W; DOWN 35.3 PERCENT Y/Y - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.3 million short to ...
Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
Tuesday, 03 May 16
HOW TO AVOID THE LATEST CARGO FRAUDS - BIMCO
BIMCO receives regular reports from members around the world about cargo fraud. This week alone we have had two reports of cargoes being fixed (or ...
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- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Petron Corporation, Philippines
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Global Business Power Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Directorate General of MIneral and Coal - Indonesia
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
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