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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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Wednesday, 21 June 17
MARKET INSIGHT - SHIPPING
Looking back at March and April shipping reports when the dry bulk indexes were starting to move up, a number of shipping analysts were stating tha ...
Tuesday, 20 June 17
WORLD ECONOMY SHOWS A MORE OPTIMISTIC TREND
During the past weeks, we have seen many organizations and think tanks show a more optimistic face with regards to the world economy. The World Ban ...
Monday, 19 June 17
PANAMAX RATES HELP BALTIC INDEX TO A POSITIVE MOVE
COALspot.com: The Freight market rose very marginally this past week compared to the previous week, as BDI and Panamax indexes show a positive tren ...
Friday, 16 June 17
WEEKLY U.S. COAL PRODUCTION RISES; UP 24.1% Y/Y
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.5 million short tonn ...
Thursday, 15 June 17
SUPRAMAX NICKEL ORE FROM PHILIPPINES TO S. CHINA PAYING AROUND MID $10000 - FEARNLEYS
Supramax
Market looked more promising from both sides of the basins. Within Atlantic USG returned with tick better rates seen as tonnage kept tig ...
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Showing 2021 to 2025 news of total 6871 |
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- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- MS Steel International - UAE
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
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