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Tuesday, 31 January 17
A CASE OF NEW YEAR BLUES FOR THE FAR EAST? - GEORGE LAZARIDIS
 Unlike the typical lull in the market that we note during the period just prior to the Chinese New Year, 2017 has proved to be fairly more resilient, allowing many to boost their hopes as to the overall performance they expect the market to show during the rest of the year, said Allied shipping in its latest weekly report.
According to Allied, the average value of the Baltic Dry Index has managed to hold at just above 800 points, a considerably improved level when compared to what we have seen during the past two years and although lower then what we were seeing back in 2014. It has managed to hold at more stable levels compared to 2014 were we had witnessed a 44% drop decrease in the index during the same time frame (i.e. from the start of the year up until the end of January). This has in part been by the fact that the market is no longer facing the same amount of newbuilding delivery pressure as it was back then, providing as such more stability to the balance in the freight market. However, it seems to have been the Atlantic basin that has allowed the market this time around to “keep things going”, said George Lazaridis, Head of Market Research & Asset Valuations of Allied Shipping.
George Lazaridis further noted that, the support provided there has helped counter some of the seasonal slump that we typically witness in the Far East during this time, providing owners with better options and keeping sentiment at slightly better levels.
The hope however goes beyond what we have seen now, with many now waiting to see a considerable improvement in freight rates as demands tarts to slowly gain some of the momentum it lost. To some extent this can be taken as a given, as the slow return of interest in the Far East will surely help bring a balance back into the favor of higher freight rates. Of course, that’s not to say that people should start to place all their hopes on the possibility of a massive improvement in the market. The market is still in a fragile state, with the gradual and steady improvement being noted over the past couple months easily taken off course by any major negative development in trade.
At the same time it is important to note that if we take the average path the market has taken during the past couple of years, it could take as long as 2 more months before we see the index level reach back to where it was prior to the start of January.
For the time being however, it looks as though we may have gone through the first speed bump of the year and come out relatively unscathed. What this reveals about what we face moving forward is not as clear cut, George Lazaridis concluded.
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Friday, 13 January 17
U.S. COAL PRICES TO INCREASE IN 2017 AND IN 2018 - EIA
Coal Supply
EIA estimates that U.S. coal production declined by 158 million short tons (MMst) (18%) in 2016, to 739 MMst, which would be the lowe ...
Friday, 13 January 17
U.S. COAL IMPORTS IN THIRD QUARTER 2016 TOTALED 2.7 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 13.8 million short ton ...
Thursday, 12 January 17
ASIA: COAL'S FUTURE - BENJAMIN SPORTON
As economies develop and the United Nations’ Sustainable Development Goals (SDGs) are realised, demand for energy will increase as more peopl ...
Wednesday, 11 January 17
MARKET INSIGHT - GEORGE DERMATIS
A new year has dawned upon us and it sure promises to be an exciting one which makes it practically impossible to resist the challenge of making a ...
Tuesday, 10 January 17
SHIPPING MARKET 2017
After having entered into a New Year, fresh hopes seem to be high for this to be the turning point in the market that many have been looking forwar ...
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- Renaissance Capital - South Africa
- Planning Commission, India
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- The University of Queensland
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Ministry of Finance - Indonesia
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