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Monday, 13 June 16
DEMAND FOR DRY BULK COMMODITIES COULD PROVIDE FUTURE BOOST FOR SHIP OWNERS - HELLENIC SHIPPING NEWS
 When it comes to the dry bulk market, shipowners these days are looking for news in any shape or form they can find them. However, as the discussion over the market’s future prospects is being dominated by the obvious tonnage oversupply, things could very well start to show modest signs of improvement in the demand-side of the market as well.
Dry bulk ship owner Golden Ocean said in its latest quarterly report that “China’s official GDP growth slowed to 6.7% in the first quarter of 2016. In the new five-year plan announced in China in March the target for annual GDP growth during the next five years was set to 6.5%. This is the first time that the target set has been higher than the consensus estimate from various analysts. Although the Chinese authorities are focused on growth from “softer” sectors like services, they still say that no goals should jeopardize social stability or economical prosperity. This could bode for some additional investments in infrastructure projects and fixed asset investments if growth is not kept at an acceptable pace. Moreover, control of infrastructure projects have been taken back centrally to Beijing. March statistics for China showed better economic outlook, as both growth in fixed asset and infrastructure investments as well as new loans all showed signs of improvement. Growth in fixed asset investments picked up from the low in the past three months to 11.2%, the highest since July last year, and growth in infrastructure investments has been on a downward trend in the last two years and dropped to a multi-year low of 8.6% in December last year but ramped up to 22.5% in March. Whether the recovery of growth will remain is of course the big question”, said the shipowner.
Golden Ocean added that “when looking at the various main commodities transported, all of them had a slow start to the year. With low commodity prices and forward curves in backwardation, building down inventories has been preferred to importing new volumes. Imports of coal to China were very low at the beginning of the year at around 13 mt per month, but picked up in March to 19 mt per month, which annualized is at around the same levels as last year. There are some signs of stability, and as many Chinese mines are closing down and imports are a small part of the total volumes, in the shorter term there could also be some upside potential on these numbers. India has had a high local output on coal and also has around 25 days of inventories available and has disappointed those that were most optimistic on India’s substitution of Chinese demand”.
Meanwhile, “grain has been very strong in the first quarter of 2016 with an increase in transported volume of 13% year on-year. In particular long haul distances with exports from Brazil and Argentina has increased massively in the quarter, and this also led to increased waiting times in the ports, while other shorter haul distances have been reduced. The increase in transportation is mainly driven by imports to China. For other minor bulks there has also been an increase in volumes, and for bauxite also in ton miles. Steel products have also stabilized around the levels from last year and these commodities balance the drop in coal and iron ore. With global GDP growth expected to be just above 3% for the next coming years steel production is likely to remain flat. At the same time, the replacement between local Chinese iron ore and imports is still continuing, although at the moment the local production is around 200 mt (62% Fe equivalent) compared to total import in 2015 of 953 mt. Most analysts still believe in slight increase in imported volumes. The larger miners have adjusted down their volumes based on the low prices seen earlier this year, but it is expected that Vale will take a larger portion for the remainder of the year, adding ton mile”, said Golden Ocean.
It concluded by noting that “utilization during the first quarter of 2016 was estimated to be around 78% for the dry bulk fleet overall, with Capesize utilization lower during the worst periods of the quarter. Should the current market environment continue and demand growing at the slow pace as most analysts believe, at the same time as deliveries are postponed or cancelled and scrapping keeps up, utilization will improve slowly over the coming years”.
Source: Hellenic Shipping News
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Friday, 10 June 16
INDONESIAN 6322 GAR COAL PRICE REFERENCE RISES TO $51.81 A TON
COALspot.com: The Indonesia Coal Benchmark Price increased in June 2016.
The Director General of Mineral and Coal of Indonesia, the regulator ...
Friday, 10 June 16
WEEKLY U.S. COAL PRODUCTION TOTALED AN ESTIMATED 12 MMST IN THE WEEK ENDED JUNE 4, UP 4% W/W - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 12 million short tons (mmst ...
Wednesday, 08 June 16
BPI ACHIEVES FINANCIAL CLOSE FOR ITS 2000 MW POWER PROJECT IN CENTRAL JAVA
COALspot.com: PT Bhimasena Power Indonesia (BPI) on June 6th, 2016 Achieves financial close for its 2x1,000 MW power project in Batang Regency, Cen ...
Wednesday, 08 June 16
U.S COAL IMPORTS ARE PROJECTED TO BE 12 MMST IN 2016 AND 11 MMST IN 2017 - EIA
Coal Supply
U.S. coal production in May was 50 million short tons (MMst), a 4 MMst (10%) increase from the previous month but 19 MMst (28%) lower ...
Wednesday, 08 June 16
THE DRY BULK MARKET KEPT MOVING SIDEWAYS LAST WEEK; SECOND HAND PURCHASES MOVING NORTH - INTERMODAL
Once again its Posidonia time and the biannual exhibition takes place during a very warm June here in Athens, as if the performance of the dry bulk ...
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- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Australian Coal Association
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- GMR Energy Limited - India
- MS Steel International - UAE
- Deloitte Consulting - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
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