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Tuesday, 23 May 17
TANKERS WEEKLY MARKET NOTE - ALLIED
 It’s been a turbulent couple of weeks on the oil front, with the effectiveness of OPEC’s policy being under debate amongst most traders and funds and the price of the commodity itself lacking any clear direction.
According to Allied Shipping’s weekly market report, the major push made in the autumn of 2016 to curb the glut being noted in the global crude oil market has helped to somewhat push prices back up above the US$ 50 mark, but however has shown inability to be able to drive prices to levels considerably higher. On the one hand the promises made by each of the oil producers that entered the agreement were relatively minor, while at the same time growth in oil consumption is still lacking any serious momentum.
George Lazaridis Head of Market Research & Asset Valuations of Allied noted that, in terms of this latter point efficiencies in oil consumption have played a major role, with the world’s largest consumers per capita, namely the U.S. and Europe having significantly improved their oil consumption efficiency since 2007 as such drastically reducing their import requirements. Adding further pain to these efficiency related drops, shale production in the U.S. has made equivalent strides, slowly allowing the world’s largest oil consumer to become completely self-reliant during the past couple of years.
He further noted, during the same period emerging markets have been providing considerable support to push demand for this energy commodity up. The biggest portion of this fresh demand that has managed to more than counter the drop in demand being noted in the West has been China. To a similar extent India has also been playing catch up over the past couple of years, though still well behind compared to the rest in terms of its total oil consumption. But in the case of India is where the oil market sees the greatest potential for new demand in the years ahead, having one of the world’s largest populations and with its oil consumption per capita being so low, even when taking the extra efficiency gains that could be achieved, there is still a strong upside potential to note from this market.
Allied shipping analyst said, beyond the demand fundamentals, focus right now is more so on the immediate future of this market and with global demand having been unable to show great strides in the short-term, traders and funds are putting their focus more so on what’s going on, on the supply side. We are seeing more and more indications that the current output cut program put forward by OPEC will likely be extended in duration and likely with commitments towards deeper output cuts by each of the oil producers. On the back of this prevailing sentiment is the recent bullish movements in pricing, though still not showing the strong confidence that most would like to see from this market.
Much of this has been heavily reflected in recent months in the tanker market and more specifically in the larger crude oil carriers. The lack of heavy monthly programs and fresh demand has pushed freight rates into yet another downward correction with most all size segments showing a considerably worse performance then what they were showing during the same time period last year. It’s hard to see right now were strong gains could be noted in order to really drive the market forward and even positive fundamentals such as those discussed early in regards to India seem to be more focused on the long-term and are not likely to really make a deference closer to now. At the same time it is hard to see a balance being struck in this market, with higher oil prices being good for the oil producers but likely to play a role in stifling demand and possible driving up the game on energy efficiency further.
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Friday, 07 July 17
EIA ESTIMATES SHOW U.S WEEKLY COAL PRODUCTION UP 1.7 PERCENT
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.9 million short tonn ...
Thursday, 06 July 17
SUPRAMAX: INDO TO INDIA TRIPS WITH DELIVERY THAILAND RANGE IS GIVING OWNERS AROUND MID $8000 - FEARNLEYS
Supramax
Another slow start to the week with somewhat softening rates and few fixtures.
According to Fearnleys Weekly Dry bulk report, the N ...
Thursday, 06 July 17
UNEXPECTED MOVE FROM CHINA BOOSTS COAL PRICES - OIL PRICE
Coal prices have been cooling the last few months — after a spectacular run last year. But news late last week suggests the market is about t ...
Wednesday, 05 July 17
COAL PRICES ROSE IN CHINA, JAPAN AND EUROPE IN 2016 - BP
COALspot.com: Coal prices rose in China, Japan and Europe in 2016 after four years of price declines.
According to bp, the rise in coal prices ...
Wednesday, 05 July 17
TANKER MARKET INSIGHT - KATERINA RESTIS
A war of words blasted last month as the UAE, S. Arabia, Egypt and Bahrain revealed that they are experiencing severe diplomatic issues with the st ...
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Showing 2011 to 2015 news of total 6871 |
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- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- SN Aboitiz Power Inc, Philippines
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Georgia Ports Authority, United States
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