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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 in Singapore. Being arguably one of the industry’s largest gatherings of traders and oil executives, many were anticipating a highly optimistic environment to be seen in the different discussions, as crude oil prices reached their highest level in two years on the very opening day of the conference, said George Lazaridis Head of Market Research & Asset Valuations of Allied Shipping in his latest weekly report.
According to George Lazaridis, many would agree that crude oil demand is steaming ahead at a rate much higher then what we have seen during the past two years, while with all this fresh demand, the excess supply glut that has overshadowed the market seems to be gradually dealt with. There were however those that still voiced concern, as to the long-term prospects of the industry, given that OECD countries seem to have already gone through their peak demand levels, while focus is constantly put towards a move away from energy sourced by fossil fuels and higher efficiency in energy consumption.
The main highlight however had more to do with the potential shifts in trade patterns, with the focus of the discussions being placed on the future of Chinese independent refineries. He further said, the China has already taken center stage in the crude oil market, having overtaken the U.S. as the world’s top crude oil importer. Its importance has been continually highlighted by the support and boost its import volumes have given the freight market of crude oil tankers, while it still holds the largest potential source for growth in demand, still playing a catch-up game with the West in terms of oil consumption per capita. At the same time, private refineries in China, often referred to as “teapot refiners”, have performed well, with their production levels having gradually intensified and now account for around a quarter of China’s total refining capacity. This has been despite the intense competition from the state-owned behemoths and the great challenges they have faced in terms of infrastructure issues, intense oversight by the government and limitations in the granting of fuel export licenses.
George Lazaridis of Allied further noted that, the most of these refineries operate in Shandong province and have relatively small refining capacity. This stellar performance has been the main driver in the renewed efforts being placed by private investors for a considerable expansion in the countries private refining capacity through the construction of a new generation of plants in Zhejiang and Liaoning provinces that will match in size some of the world’s largest refining facilities. One of these plants is being built on Zhoushan Island in Zhejiang province and is expected to have a refining capacity of 20 million metric tons a year when it is completed next year, while the plan is to double this figure by 2020.
This move would make it one of the biggest plants in the region matching facilities in Singapore, South Korea and India. Given that these new independent refineries would be well placed close to deep-water ports, they would attract considerable attention from a large number of oil producers and traders, likely boosting the VLCC Far Eastern trade. This gives, in theory, the crude oil carrier a new lease of life, promoting the trade of crude oil feedstock into China rather than refined oil products and petrochemicals.
There is a catch however, as around the same time that these new independent oil refiners come online, other refineries from oil producing nations such as Saudi Arabia’s Jazan project, Malaysia’s Rapid and Brunei’s Hengyi are expected to start operating, adding to the intense competition these Chinese newcomers will have to face, along with the excess capacity the sector as a whole still has to deal with George Lazaridis concluded in his report.
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Thursday, 21 December 17
FUEL SHORTAGE TRIGGERS JUMP IN COAL PRICES - CHINA DAILY
China’s thermal coal prices jumped recently as natural gas shortages across the north spurred an unexpected resurgence in demand for coal-fir ...
Thursday, 21 December 17
SUPRAMAX: IN THE MOST CHANCE, DO NOT EXPECT ANY DRAMATIC CHANGES IN THE NEAR FUTURE - FEARNLEYS
Supramax
Market reducing speed. Rates are dropping further for supras outbound USG on fronth, bkhaul is more stable i.e $25k/22k respectively say ...
Wednesday, 20 December 17
INDONESIAN HBA FELL FOR THE FIRST TIME IN SIX MONTHS, GOVERNMENT DATA SHOWS
COALspot.com: HBA fell 0.80 per cent in December, marking the first fall for the Indonesian Coal Price Reference ( HBA) since June 2017, the latest ...
Monday, 18 December 17
U.S. COAL EXPORTS FOR THE FIRST THREE QUARTERS OF 2017 WERE 69 MMST; UP 68% M/M - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.5 million sho ...
Thursday, 14 December 17
SUPRAMAX: INDO COAL TO CHINA AROUND LOW $10K DELIVERY SINGAPORE
Supramax
Atlantic basin kept its firm pace with charters still busy with covering pre-holiday requirements. Ultras got close to $20k for ordinary ...
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Showing 1846 to 1850 news of total 6871 |
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- Central Electricity Authority - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Thai Mozambique Logistica
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Samtan Co., Ltd - South Korea
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Planning Commission, India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Mercator Lines Limited - India
- The University of Queensland
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Marubeni Corporation - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
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