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Tuesday, 26 September 17
THE CURRENT HIGHS IN THE DRY BULK FREIGHT MARKET WILL SURELY BE SURPASSED AND BY A CONSIDERABLE MARGIN IN THE NEXT YEAR OR SO - GEORGE LAZARIDIS
 The Dry Bulk market con!nues to show a strong face amidst the favorable tail winds being seen, which have helped the Bal!c Dry Index inch above the psychological barrier of 1,500 points.
The last time the Index was above this level was on the 25th of March 2014, which is around 3 ½ years ago. At the same time the market seems to be driven more so by the larger size segments (i.e. Capesize and Panamax vessels) this time around while in comparison to the earnings the rest of the sizes were seeing back then, they are currently trending at around 10% lower. This may well change as there is always a lag to be had in the Supramax and Handysize markets, which means that the earnings for these two sizes may well “catch up” in due course, said George Lazaridis head of Allied Shipping Research in his latest weekly report.
George Lazaridis further noted in his report, nevertheless, the market has been primarily driven by the increased activity that has been noted in the iron ore and coal commodities over the past couple of months. The drive of higher grade iron ore and coal pushed most Chinese steel mills to seek bigger volumes of imports from Australia and Brazil, helping not only ramp up total volumes of imports of these two vital commodities but also help pile on extra tonne-miles in demand thanks to the long distances. The rise in rates hasn’t been so smooth however, with the overall momentum now looking to have slowed down somewhat compared to what we were seeing two weeks ago or even a month ago. Every inch gained in index points from here forth seems to be made with considerable pressure from owners, while at the same time there is growing fear that Beijing’s mandate for a slash in steel production during the winter months (October to March) may cause a disruption to the recent rally and could well push for a cool down in the market come early October.
Allied Shipping Research further said, at the same time though it seems as though the drive for higher grade imports may intensify further during these coming months. Steel mills are likely to seek out higher grade imports so as to improve their overall operational efficiency by managing higher produc!on levels of steel for each tonne of iron ore and coal they utilize while also reducing as such their overall emissions. This has been something clearly reflected in the price of different grades of iron ore with the gap between higher iron content ore prices having increased considerably during the past 2-3 months. This is only one side of the dry bulk market which mainly effects the performance of Capesize vessels. The rest of the size segments heavily rely on the rest of the major dry bulk commodities, which during the same time frame haven’t shown an equal boost in activity.
There has been some increased activity being observed in the grain trade, something that will likely continue, being that we are still within a time frame in the year that tends to be one of the seasonal peaks for this trade. At the same time we have already started to see stronger economic activity figures coming out of most of the important trading economies, something that will surely help further boost demand figures for the minor bulk trades as well, while also supporting the current trends being seen in the iron ore, coal and grain trades.
In any case and no matter what the high point will be during the final quarter of the year, the focus should be placed on what market prospects will be available for next couple of years. Given the state of the fleet and orderbook and under the assumption that we are able to stay on a similar if not improved course in the dry bulk trade, the current highs in the freight market will surely be surpassed and by a considerable margin in the next year or so.
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Tuesday, 03 October 17
RIO TINTO COMPLETES FIRST FULLY AUTONOMOUS RAIL JOURNEY IN WESTERN AUSTRALIA
Rio Tinto has successfully completed the first fully autonomous rail journey at its iron ore operations in the Pilbara region of Western Australia ...
Tuesday, 03 October 17
ALLIED MARKET ANALYSIS
It seems as though the future of the oil trade was once again put into the spotlight, as the Asia Pacific Petroleum Conference took place last week ...
Friday, 29 September 17
U.S WEEKLY COAL OUTPUT DROPS FOR THE FIFTH WEEK IN A ROW, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.7 million short ...
Thursday, 28 September 17
SUPRAMAX: S.CHINA TRIP TO INDIA HAS BEEN FIXED AT AROUND US$ 11000 - FEARNLEYS
Supramax
The hot market seen the last weeks in the Pacific has softened as the Golden week holiday in China approaches and the October shipments ...
Thursday, 28 September 17
THE 'UNREASONABLE' COST OF CASUALTY REPAIRS: ASSOCIATION OF AVERAGE ADJUSTERS CHAIRMAN DETAILS CLAIMS DILEMMAS
KNOWLEDGE TO ELEVATE
The ‘unreasonable’ cost of casualty repairs: Association of Average Adjusters chairman details claims dilemma ...
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Showing 1926 to 1930 news of total 6871 |
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- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Eastern Coal Council - USA
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- CNBM International Corporation - China
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- PTC India Limited - India
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Australian Commodity Traders Exchange
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
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