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Tuesday, 09 May 17
DRY BULK TRADE IS STILL HEAVILY RELIANT ON CHINA - GEORGE LAZARIDIS
 We have seen an overall cool down in the dry bulk and tanker markets over the final two weeks of April, sparking worries amongst ship-owners that the high point of 1,338 in the Baltic Dry Index is the ceiling we can reach for the time being said Allied Shipping Research in its latest weekly market report.
According to George Lazaridis of Allied, this in part has been reflected by the slower growth figures reported today by China’s official import figures, which showed a rise of 11.9 percent compared to March’s 20.3 percent increase. In terms of exports, things seemed to be hit even harder, with exports noting an 8.0 percent rise year-on-year, compared to 16.4 percent rise that was noted in the month prior.
Dry bulk trade is still heavily reliant on China, with its imports accounting for the largest share of seaborne trade for the main dry bulk commodities. At the same time, China’s imports are directly correlated and reliant on its exports, with its economy still being export oriented to a large extent. The recent trends that have been noted in the dry bulk market have been too many people’s surprise, given that most had expected that the seasonal grain trade in the Atlantic would have helped keep the momentum that was being noted in previous months going. However it seems as though we witnessed a materialization of the main fears that had been observed in regards to the problems being faced in the steel industry and excesses being seen in terms of stock piles of iron ore, while at the same "me the drop in commodity prices that has been taking place over the past months, has only helped to allow charterers to withhold cargoes and dampen market conditions for the time being.
Head of Market Research & Asset Valuations of Allied further noted, that being said, there are still expectations of trade growth to continue to hold up relatively well given the brighter outlook that is being seen for the global economy this year, however there are still “headwinds” to overcome, with China itself taking on further policy tightening in order to cut off speculative investment (mainly in the property sector), something that could inevitably remain as a dampener over the coming months. We are still not yet in an economic environment globally whereby we can witness a fast-paced growth in trade. We have seen conditions in the political landscape improve somewhat, especially over the past weekend with France’s election results helping eliminate fears of a potential impending break-up of Europe. This should, in turn, helped boost figures in one of the world’s biggest economies, while improved numbers coming from the U.S. could combine to provide another strong driver for emerging markets.
George Lazaridis of Allied Shipping Research further said, although there are still rumors that we may well see another small rally before midsummer, as there are still talks of excess grain cargoes looming hidden in the market, we may well end up seeing a further softening in sight with the 1,338 points noted on the 29th of March, being the maximum high that will be seen in the first half of 2017. Nevertheless, we are still seeing a market that is firmly on a recovery path and although for the moment this recovery path is slow and still relatively fragile, it is still on course and as such should translate into further improvements in the freight market moving forward. To what extent, will both depend on the overall conditions of the global economy, but as always will also heavily depend on what we do on the supply side of things.
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Friday, 12 May 17
SLOW AND UNEVENTFUL WEEK FOR THE PANAMAX MARKET
Supramax
In the Atlantic, only USG were showing some improvement, where pet-coke cargoes to India was fixed in the range of 19-23k daily and to C ...
Wednesday, 10 May 17
MARKET INSIGHT - INTERMODAL
Up until a few weeks ago, demo deals were being concluded at just a fraction below $400/ldt. Last time we saw demo prices around that level was in ...
Monday, 08 May 17
INDONESIAN COAL PRICE REFERENCE RISES FOR SECOND STRAIGHT MONTH IN MAY
COALspot.com: Indonesian government declared coal benchmark price rose in May, government data showed.
The benchmark price of Indonesian therm ...
Monday, 08 May 17
OCEAN BULK CARGO RATES FALL FURTHER THIS PAST WEEK
COALspot.com: The Freight market continues to slump this past week, with all segments show a negative downward trend week over week.
The Balti ...
Monday, 08 May 17
US WEEKLY COAL OUTPUT ON THE DOWN - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 13.8 million short tons ...
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Showing 2051 to 2055 news of total 6871 |
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- Vijayanagar Sugar Pvt Ltd - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Borneo Indobara - Indonesia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Renaissance Capital - South Africa
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- PTC India Limited - India
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
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