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Tuesday, 14 February 17
OPTIMISM HAS STARTED TO SLOWLY FLOW BACK INTO THE DRY BULK MARKET - GEORGE LAZARIDIS
 Optimism has started to slowly flow back into the dry bulk market, with many in the market showing renewed optimism as the Pacific basin starts to gain quickly in enquiries and activity after the end of the Chinese New Year festivities. It may well be way too early to tell if the market has what it takes to really lift freight rates at the moment, especially as we are still at a relatively soft seasonal point, with the “annual grain” rush in the Atlantic still far away, says George Lazaridis, Head of Market Research & Asset Valuations of Allied Shipping in his latest weekly report.
There has been however several positive indications in the market that things should prove considerably better in the first half then what we had seen both in 2016 and in 2015.
According to Allied, commodities have been pulling their weight lately, with the increased momentum in demand still keeping things firm. A good example of this have been the recent figures coming out of China whereby we witnessed the second highest monthly increase in iron ore imports during the first month of the year. This drive has been in part by the effort made by steel mills to replenish depleted stockpiles, though more importantly it seems to be a continual drive for greater reliance in imported supplies displacing the higher cost local production. This latter point is what gives greater confidence as to the prospects of the market moving forward along with the aspect that despite the large number of closures in steel mills in China, Chinese steel capacity actually increased in 2016. This move is in line with what we have been seeing in terms of prices for both iron ore and steel, both of which have shown resilience over the past six months and have managed to hold the gains made during 2016. Similar moves have been made in the coal market, with major producers in both India and China shifting their focus to imports rather than locally sourced supplies. In the case of the former its largest coal producer, namely Coal India Ltd., has shown a strong intention to acquire coking coal assets abroad, referencing India’s lack in technology to economically develop local reserves.
However, George Lazaridis noted further, for all these positive signs in these two main dry bulk commodities, the Capesize market which is the most dependent on their trade has yet to show as quick a comeback after the Chinese New Year as the rest of the market. It has actually been the Panamax and Surpamax sizes boosted by increased trade in the Pacific that have shown a positive spark in the market and have been driving much of the renewed optimism. The hope is that given the recent trends and especially those noted during the latter part of November and most of December, the Capesize market should start to ride on a fair rally that should in turn push the average freight rate up once again. Given the fact that the orderbook in this size segment is minimal and has already showed a relatively slow rate of growth in during the past year, with a fairly modest rate of growth we could easily see rates climb once more.
With all that being said and giving a fair point to the improved demand levels being seen for most of the main dry bulk commodities, once again it is worth pointing out
that market conditions right now are fairly unstable with a lot of potential disruptors in the Horizon. Without taking note of the likelihood of these disruptors taking place, it would seem that in the near term they may well be good reasoning behind the small burst in market exuberance, George Lazaridis concluded.
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Thursday, 16 February 17
IF I PLAN TO UNDERTAKE A CHARTERPARTY WITH AN UNFAMILIAR ENTITY, WHAT STEPS CAN I TAKE TO ENSURE THE CHARTERER WILL PAY THEIR HIRE? - SHIPOWNERS' CLUB
KNOWLEDGE TO ELEVATE
Due to the difficult conditions currently existing in the shipping market, particularly in the offshore sector, Members a ...
Wednesday, 15 February 17
SHIPPING MARKET INSIGHT - INTERMODAL
Looking at the state of the Dry Bulk market exactly a year ago, there is no doubt that there is a significant improvement and despite the fact that ...
Monday, 13 February 17
COMBINED COAL SALES OF BUMI RESOURCES ROSE TO 87.7 MILLION TONS IN FY'16; UP 10.6 PERCENT Y/Y
COALspot.com: Combined Coal Sales of Bumi Resources rose to 87.7 million tons in FY’16 compared with 79.3 million tons in FY’15. ...
Monday, 13 February 17
THE FREIGHT MARKET CONTINUED TO TUMBLE IN FEBRUARY
COALspot.com: The Freight market was continued its downfall in all segments except Panamax for the week ending 10 February 2017.
The Balt ...
Friday, 10 February 17
U.S. COAL OUTPUT IS ESTIMATED TO HAVE DECLINED BY 158 MMST IN 2016 TO 739 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 17 million short tons ...
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- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- MS Steel International - UAE
- Thai Mozambique Logistica
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Australian Coal Association
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
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