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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, 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 ...
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 t ...
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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- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Borneo Indobara - Indonesia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- The University of Queensland
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