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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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Wednesday, 07 June 17
MARKET INSIGHT - PANOS MAKRINOS
2017 undoubtedly began with very optimistic signs for the future of the Oil & Gas industry on the back of the Vienna Agreement. OPEC and non-OP ...
Tuesday, 06 June 17
THE FREIGHT MARKET WAS CONTINUE TO TUMBLE THIS PAST WEEK
COALspot.com: The Freight market continued to tumble this past week, as BDI and cape index showed a negative trend week over week.
The Baltic ...
Friday, 02 June 17
THE WORLD COAL ASSOCIATION HAS RESPONDED TO THE WITHDRAWAL OF THE UNITED STATES FROM THE PARIS AGREEMENT
“This decision is the result of a failure to build a genuine coalition on climate action that recognises the role of all technologies, includ ...
Friday, 02 June 17
MOL SIGNS COAL TRANSPORT DEAL WITH THERMAL POWERTECH CORPORATION INDIA LIMITED
MOL Signs Coal Transport Deal with Thermal Powertech Corporation India Limited - Contributing to a Stable Power Supply in India -
Jun ...
Friday, 02 June 17
U.S THE PAST WEEK'S COAL PRODUCTION ESTIMATE UP 4.4% - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15 million short tonnes ...
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Showing 2031 to 2035 news of total 6871 |
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- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Lanco Infratech Ltd - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Videocon Industries ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Eastern Energy - Thailand
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- White Energy Company Limited
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Australian Coal Association
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
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