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Tuesday, 29 August 17
WEEKLY SHIPPING MARKET ANALYSIS - ALLIED
 In the aftermath of Hurricane Harvey, one of the worst disasters to hit Texas, we are now looking to get a clearer picture of the possible disruptions the extensive flooding may have brought down with it. Days before the hurricane hit the US coast we were already hearing of an anticipation of strong short-term effects to descend on the crude oil and oil products markets, says George Lazaridis Head of Market Research & Asset Valuations of Allied shipping.
According to George Lazaridis, the downward pressure on crude oil was already being witnessed days in advance, with the closure of 10 key refineries in the Gulf Coast with a capacity to refine about 2 million barrels of oil a day and accounting for 11% of the U.S. total refining capacity. Outages were not limited to just oil refineries with a 10% of oil production from the U.S. Gulf of Mexico being taken out of active operation (around 150,000 barrels per day) along with a number of inland crude oil producers (around 1.4 million barrels per day from the Eagle Ford shale basin) and closing ports all along the Texas coast. The extent of the total damages recorded will take days to properly assess, however as things stand now the temporary disruptions have already caused significant affects on the market.
The Allied weekly shipping report further noted that, the biggest gains so far have been noted in the oil products markets, with the significant cuts in output bringing in a higher demand for commodities such as gasoline (with gasoline futures jumping as much as 7% reaching their highest level in more than two years) as the drop in supply has left many to scramble for new sources. The Continent has already started to note an upsurge in demand and created a respective kick-up in freight rates in the region. Product tankers have already started to see a significant amount of strengthening and given that these disruptions are likely to push for longer haul trades to strengthen it should also boost the overall supply/demand balance.
George Lazaridis, in his weekly report further said, things have not been as positive in the crude oil trade, with the closure of refineries in the U.S. has also caused a drop in demand for shipments of crude oil. The slight positive gains having been noted in terms of prices for crude oil can mainly be attributed to the cutting back in production, though if this is to show face in the shipping markets it will likely take the form of improved seaborne trade at a latter point in the year as the U.S. looks to restock any strategic reserves it decides to use up during the next couple of weeks. For the moment it seems as though the September program for most main exporting regions has remained stable and has shown little appetite for change, leaving crude oil tankers still struggling with the relatively sub-par rates that are being seen in the market now.
The disruption in port operations has also been the cause for the subdued activity being seen in the region over the past couple of days, while it has also taken out some fixing volume from other regions as charterers take a wait and see stance before placing any new orders they may had planned beforehand. The closure of ports surely was the cause for large delays in operations, causing, in turn, a percentage of the fleet for several sectors to be taken out of action.
Given that the hurricane is still causing disruption on the U.S. coast, it is still too early to tell the final influence this major natural disaster will play on the market, George Lazaridis, concluded in his report.
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Monday, 21 August 17
FIRM DEMAND FOR CAPES CONTINUE TO SUPPORT DRY BULK SHIPPING
COALspot.com: The freight market was continued to rose this past week compared to the previous weeks, as BDI, Cape and Panamax indexes show a posit ...
Friday, 18 August 17
U.S. WEEKLY COAL OUTPUT UP 2.1% WEEK OVER WEEK, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 17 August 17
DESPITE A HOLIDAY-DISRUPTED WEEK IT HAS BEEN A NEW ACTIVE WEEK FOR THE PANAMAXES - FEARNLEYS
Supramax
A very quiet start to the week with holidays in several countries. USG still bringing good results supported by a tight tonnage availabl ...
Monday, 14 August 17
CENTURIES ON, AND DRY BULK STILL RULES THE WAVES... - SARAH HOLDEN | CLARKSONS
By the late 1800s, the shipping industry had been transformed by the introduction of steam power and iron ships. Coal and grain were two of the mos ...
Monday, 14 August 17
THE FREIGHT MARKET CONTINUES ON AN UPWARD PATH
COALspot.com: The freight market was continued to rose this past week compared to the previous week, as BDI, Cape and Panamax indexes show a positi ...
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Showing 1966 to 1970 news of total 6871 |
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- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Romanian Commodities Exchange
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Planning Commission, India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Australian Coal Association
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
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