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Tuesday, 22 November 16
THE COMMODITIES MARKETS HAD SHOWED GREATER PROMISE SINCE THE SUMMER PERIOD - GEORGE LAZARIDIS
 We have all borne witness to the sluggish pace of trade growth witnessed during the course of the past 4 years as well as the even slower pace noted within to 2016. Given the glut in tonnage supply that has accumulated since 2011, the shipping industry has found it very difficult to find a stable foothold from where to keep itself in “normal operations” and with viable earnings, says George Lazaridis Head of Market Research of Allied Shipping.
George Lazaridis further said, what has made 2015 & 2016 so problematic is that the balance between demand and supply went further off course as trade growth almost came to an absolute halt. This growing concern had been in part expressed in the worries that were being voiced over the outcome of the U.S. elections, with many prominent economists and economic analyst in major organizations seeing a further deterioration of the situation as major countries around the world start to turn to more inward focused economic policies. Just one day after the results came out and we started to see a very different picture emerge in the markets, said George Lazaridis.
He further noted that the trade in most bulk commodities was instantly boosted, with freight rates in both the dry bulk and tanker markets for the majority of size groups shooting up considerably. At the same time, commodity prices were in for a major rally, with most prominent that of coal which even managed to peak at some point above US$ 100 per tonne. Things have quieted down considerably on all fronts since then and it looks as though we are heading towards some normality which is still at better levels than it was one month prior. Where did all this optimism come from however and does it have enough basis for it to match a more long-term trend?
George Lazaridis Head of Market Research & Asset Valuations of Allied Shipping further said this quick move seems to have been generated by a series of events that took place triggering a domino move that boosted things further and further, urging the speculators to further fuel the market. For one we had the basis of most of the pre-election talks by Mr. Trump that referred to a splurge of infrastructure spending in the U.S. during his presidency. Such a splurge would need to be adequately fed by bulk commodities such as steel, cement and other vital bulk commodities used in construction. As the market moved more bullish for these commodities and several traders went into stockpiling mode in order to be adequately stocked for the proposed boom in demand, the second wave of effects started to take hold.
According to George Lazaridis, a mass of investors had already started to flee out of several emerging markets (such as Mexico) and starting to head towards the commodities markets which had shows greater promise since the summer period. As they flocked they boosted prices ever further and with prices rising quick a surge was generated (essentially a mini bubble) as traders looked to move quick before prices got too hot. Similarly, traders in many economies which are heavy importers of these commodities where in an even bigger rush as the strengthening dollar amplified the price hike even more.
These price hikes in commodities, according to George Lazaridis, were to the main benefit of ship owners as the cost of freight became an ever more insignificant portion in the whole equation, taking second place to the speed with which a trader could book the cargo he was after.
This speculatively fueled rally has boosted the market significantly however it seems as though it has run its course for now. That’s not to say that an imminent collapse is now in sight. It looks as though trade might hold at much better levels for the remainder of the final quarter of 2016 than it did a year ago. As to how well it will cope in the first quarter however, is another story altogether,George Lazaridis concluded.
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Monday, 23 January 17
THE FREIGHT MARKET DID NOT CHANGE MUCH AND WAS ALMOST AT SAME LEVELS AS LAST WEEK
COALspot.com: The Freight market did not change much and was almost at same levels as last week.
The Baltic Exchange, tracking rates for ships ...
Friday, 20 January 17
U.S. WEEKLY COAL OUTPUT ESTIMATED 15.7 MMST; UP 14.1% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.7 million short ton ...
Thursday, 19 January 17
KOREAN POWER UTILITY BORYEONG POWER TO IMPORT 660K TONS OF BITUMINOUS COAL FOR MARCH 2017
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 590,000 Metric Tons of Bituminous coal and 7000 ...
Thursday, 19 January 17
PANAMAX RATES ARE UNDER PRESSURE IN BOTH HEMISPHERES - FEARNLEYS
Supramax
The market remained flat and the week continued at the same pace as last.
According to Fearnleys weekly dry bulk report, still more ...
Wednesday, 18 January 17
TANKER: THE CLEAN PRODUCT MARKET IS STILL NOT GIVING US ANY CLEAR SIGNS OF RECOVERY - GEORGE VASTARDIS
While we are approaching the Chinese New Year, the Clean Product market is still not giving us any clear signs of recovery, especially on The East ...
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- Eastern Coal Council - USA
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- GMR Energy Limited - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
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