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Friday, 13 May 16
DRY BULK SHIPPING MARKET RECOVERY WILL BE A LONG, HARD-FOUGHT BATTLE - HELLENIC SHIPPING NEWS
 Anyone who expects a strong rally in dry bulk market rates to end the industry’s downturn will be bitterly disappointed. By contrast – and that’s a good thing by the way – the freight market’s recovery will take time and will come in small steps, which means it will be more sustainable in the long run, claim shipbrokers. According to the latest weekly report from shipbroker Allied Shipbroking, there was “a sudden change in market sentiment this week in the dry bulker space, as the speculative rally that was driving up commodities prices over the past month started to lose steam over growing worries yet again as to the health of the Chinese economy. Over the past month, we have seen a strong growth in production levels and a build-up of inventories within China (the world’s largest consumer of commodities). However as imports started to ease within April compared to those noted in March, many traders are now ever more concerned as to the levels of real demand and if it is capable of supporting the most recent price hikes”.
According to Allied’s George Lazaridis, Head of Market Research & Asset Valuations, “that’s not to say that everybody see this as a turn towards ever softer demand levels, but more so a case of a slower-paced recovery that is considered healthier and more maintainable than the fast -paced frenzy that was noted in March. Prices for iron ore fell sharply today, dropping once again below the US$ 60 per tonne, while futures in Shanghai fell the most since trading began in 2009, all on the back of fresh figures point towards ever increasing port inventories in China. These big increases in imported volumes were the prime driver for much of the price hikes noted during the past 2 months, though as it seems now the market fundamentals are not there at the moment to quickly absorb these imports, while it looks all the more likely that the stockpiling served other purposes as noted previously on past reports rather than real demand.
Lazaridis noted that “this has been greatly reflected in the dry bulk freight market these past two weeks, with the dry bulk indices losing their upward momentum in its entirety and now looking to correct back to softer figures. As things stand now it looks as though many rushed to get their hopes up as to how well the market will be able to hold for the remainder of the year, feeding off their sentiment from the recent rally and looking optimistically as to the prospect that the worst was now behind us and there was nothing but improvement in sight. The reality is far from this and it is more evident now that there is still a lot of work to be done to bring a better balance to the market”.
Meanwhile, he added that “the fleet is still increasing even at an only marginal amount, while demand is still lagging behind and will take several more months before it can catch up to the current carrying capacity of the fleet and this only if it keeps on track with its current performance. Though many fear that there are still a lot of factors which could dampen global trade demand, there are still signs that under the right conditions and economic policies we might be able to bump up economic growth in key economics and in turn help provide additional boost to trade (though its important to note that even under the best case scenario we are not talking about any spectacular boost to say the least). It now looks as though there is a possibility the same market trend, as that noted during the same period last year, will characterise the May-June period, while there is still hope that we may see another small rally appear at some point during the summer months. It’s not all that bad though, as if we take the optimistic scenario that trade will continue to grow at its current annual rate, it becomes more and more unlikely that we will hit another low similar to that noted back in February”, Allied’s analyst concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 16 May 16
THE FREIGHT MARKET WAS WEAK AND ALL SEGMENTS EXCEPT PANAMAX WERE DOWN
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week.
The freight market was weak and a ...
Friday, 13 May 16
COAL CARGOES - SOME RECENT DEVELOPMENTS: SWEDISH CLUB
KNOWLEDGE TO ELEVATE
Indonesia continues to be amongst the world’s major exporters of coal, some 426Mt being traded in 2013 mostly to In ...
Friday, 13 May 16
US WEEKLY COAL PRODUCTION IS RUNNING 33% BELOW THE SAME PERIOD IN 2015 - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 10.9 million short tons (mm ...
Wednesday, 11 May 16
U.S. FORECAST COAL PRODUCTION IS EXPECTED TO DECLINED BY 150 MMST IN 2016; THE LARGEST DECLINE SINCE 1949 - EIA
COALspot.com: EIA estimates that U.S. coal production in April was 46 million short tons (MMst), a 6 MMst (12%) decrease from the previous month an ...
Wednesday, 11 May 16
MARKET INSIGHT - KATERINA RESTIS
On Saturday 7th May, Riyadh replaced the long-serving oil minister of more than two decades, Ali-Al-Naimi, as part of a major government overhaul, ...
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Showing 2436 to 2440 news of total 6871 |
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- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
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- White Energy Company Limited
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- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- The University of Queensland
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- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
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- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
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- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
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- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
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- Wilmar Investment Holdings
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
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- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Goldman Sachs - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
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