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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, 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 ...
Monday, 22 May 17
THE SHIPPING INDEX DECLINES AGAIN
COALspot.com: The Freight market again decline this past week, as BDI and all other indexes show a negative trend week over week.
The Baltic E ...
Friday, 19 May 17
U.S WEEKLY COAL OUTPUT UP 1.2% WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 13.5 million short ton ...
Thursday, 18 May 17
SUPRAMAX : COAL TRIPS TO CHINA WITH VESSELS OPEN INDO HAVE BEEN FIXED AROUND $8000
Supramax
Atlantic market has stayed quiet with no substantial developments.
Cont to Med scrap cargoes have concluded around 11k says Fearnle ...
Thursday, 18 May 17
SOUTHEAST ASIA CAN ACCELERATE ACHIEVEMENT OF PARIS AGREEMENT GOALS - WCA
Low emissions coal in Asia reduces more CO2 emissions than renewable investment in Western Europe.
Investing in low emissions coal plants in S ...
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- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
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