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Wednesday, 25 January 17
MARKET INSIGHT - KONSTANTINOS KAKAVITSAS
 Remember that old but classic song called “Destination Unknown”? Well that is where the oil market is heading right now. The song made a splash with a catchy beat and a noticeable video clip reaching the top of the charts. The oil market on the other hand, may attract attention however, whether it will head for higher or lower levels remains very uncertain.
As far as the performance of the crude oil price is concerned, the signals we are getting are so far mixed, with discouraging fundamentals and optimistic headlines equally affecting prices. Both OPEC and Non-OPEC countries have agreed a production cut as a way to deal with the global oil glut and low prices, which resulted in the Brent blend rallying from $46/bbl to a peak of $57/bbl on 6th January, while it’s currently trading around $55/bbl. So far, so good for the big boys of oil but what about the long-term sustainability of these higher price levels?
Russia’s production reached record highs in December and the second-biggest oil producer seemed very happy at this year’s World Economic Forum not only due to their large oil-driven revenues so far, but also due to positive expectations deriving from the new US president who suggests to ease or even remove sanctions imposed on Russia. Even though Russia’s production plays a significant role, the bigger determinant leading to the persistence of the glut could be US shale oil producers. With notably more operating costs and thus a higher breakeven than other oil extractors, most of shale drillers had shut-down production during lower prices only to come back into profitable business at current levels. Finally, taking into consideration the fact that the US dollar has strengthened, hitting a 14-year high during December, pressure for lower price levels grow stronger.
Keeping this insight melodic, you might recall the lyrics of another popular song of the 90s; “Hello, hello, hello, how low?”. Could this be the tune for the tanker market in 2017? The dominant common factor for both the dirty and clean market is the large number of newbuilding deliveries that could potentially lead to lower freight rates. Saying that, as in the short-run tonnage supply will not significantly change; demand is expected to primarily drive the market in the following months. In the dirty sector, lower oil prices may drive demand for ships higher however; those already excessive inventories could be an obstacle to such rally. The outlook for product tankers falls no further from the mixed-signal environment the dirty market operates in, with the LR market seeing a record-high in vessel deliveries. Greater diversification with respect to trade routes and cargoes, especially in the MR market allow for wider range projections; still forecasts for demand growth for petroleum products making any prediction for the freight market challenging.
In conclusion, well, is there any yet? Amidst mixed fundamentals it would be careless to prematurely jump to any conclusions, as market sentiment has proved to be not only an unpredictable factor but also an influential one. Under the current state of uncertainty, it is still unclear whether the bears will prevail or the bulls will be justified and thus the only safe conclusion that can be reached is nicely summed-up in the title of another pop music hit called “Blank Space”.
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Wednesday, 19 July 17
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
Referring back to a previous Intermodal insight that was written in the first quarter of 2017, the author at the time had claimed that MR tanker ra ...
Tuesday, 18 July 17
CHINA'S ECONOMY HAS BOOSTED OPTIMISM IN THE MARKET - GEORGE LAZARIDIS
COALspot.com: China’s economy has boosted optimism in the market as its recently announced GDP growth for the second quarter of the year exce ...
Friday, 14 July 17
IMPORTED COAL IS STILL A SAFE AND RELIABLE SOURCE OF ENERGY IN GERMANY - VDKI
COALspot.com: Imported coal is still a safe and reliable source of energy in Germany. World coal mining has reached a high plateau, but not yet a t ...
Friday, 14 July 17
U.S. WEEKLY COAL-OUTPUT IN SIGNIFICANT DECLINE, EIA FIGURES SHOW
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.4 million short tonn ...
Thursday, 13 July 17
BELT AND ROAD SHIPPING INDICES OFFICIALLY RELEASED - XINHUA
COALspot.com: The Shanghai Shipping Exchange (SSE) Tuesday officially launched the Belt and Road shipping indices to track freight trade data among ...
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Showing 2001 to 2005 news of total 6871 |
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- The University of Queensland
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- GMR Energy Limited - India
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
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