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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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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 ...
Wednesday, 14 June 17
WORLD COAL PRODUCTION FELL BY 6.2%, THE LARGEST ANNUAL DECLINE ON RECORD - BP
COALspot.com: The 2017 edition of the BP Statistical Review of World Energy, shows global energy markets continuing to undergo long-term changes as ...
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Showing 2021 to 2025 news of total 6871 |
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
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- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- PTC India Limited - India
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
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- MS Steel International - UAE
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- Meralco Power Generation, Philippines
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- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- The University of Queensland
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
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- Petron Corporation, Philippines
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- SN Aboitiz Power Inc, Philippines
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- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
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- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
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- Eastern Energy - Thailand
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- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Coalindo Energy - Indonesia
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
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- Price Waterhouse Coopers - Russia
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- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Planning Commission, India
- Chamber of Mines of South Africa
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- GAC Shipping (India) Pvt Ltd
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- The Treasury - Australian Government
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
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- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
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- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
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