We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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”.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 06 September 16
CAPESIZE: THE PACIFIC BASIN WAS THE MAIN REGION KEEPING UP WITH THE POSITIVE SUPPORT - ALLIED
Capesize
Despite some mixed feelings being seen early on in the week, we managed to see a positive week-on-week close on Friday with some positiv ...
Monday, 05 September 16
INDIA BECAME ADARO'S SECOND LARGEST MARKET IN 1H' 16
COALspot.com: The Wara Balangan blend product has been well received by customers in China and India - AI
In the second quarter of 2 ...
Monday, 05 September 16
POOR FREIGHT RATES DESPITE STRONG DEMAND GROWTH FROM CHINA - BIMCO
Demand
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing ...
Monday, 05 September 16
FREIGHT RATE FROM INDONESIA TO INDIA IS EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 02 September 16
EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 19 MMST IN 2016 TO 55 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.3 million sho ...
|
|
|
Showing 2296 to 2300 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Coal Association
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Indian Energy Exchange, India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- PTC India Limited - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Alfred C Toepfer International GmbH - Germany
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
- SN Aboitiz Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
|
| |
| |
|
