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Tuesday, 24 October 17
CHINA'S INSATIABLE APPETITE FOR THIS ENERGY COMMODITY CONTINUES STRONG - GEORGE LAZARIDIS
 Crude oil prices have been seeing some support emerge this past week as supply disruptions in Iraq and a drop in US drilling has helped bolster oil investors to jump back in as they start to see the market showing a more attractive face. This surge in interest comes just weeks after both Saudi Arabia and Russia further reinforced their commitment to uphold and even possibly extend supply cuts to the end of 2018.
According to Allied shipping, despite these aspects, there still seems to be some resistance being noted in the market. The price of crude has managed to pivot around the US$ 58 per barrel mark, a level higher than what we were seeing 12 months back and one of the highest levels noted this year, yet still short of that psychological barrier of US$ 60 per barrel level. In part many will attribute this resistance on the upper barrier brought on by US shale drillers, with an estimate that at crude oil prices above this level the market would start to flood once more in an excessive supply glut which would inevitably bring prices back down fairly quick. In this effort for holding off the excess supply, OPEC’s secretary general expressed his confidence in the effort being made and that there is no doubt that the market is rebalancing itself at an impressive rate. It looks to be more of a case of boosted demand however, rather than restrained supply.
George Lazaridis, Head of Market Research & Asset Valuations of Allied shipping further noted in his latest weekly report that, the China’s insatiable appetite for this energy commodity continues strong and it looks to still have a considerable way to go before we can even consider that its peaked demand level has been reached. At the same time several other developing countries, such as India, show an equally promising boom in imports. In the past both China and India would have been seen as more troubling for the crude oil tanker market, given their positioning close to the Middle East Gulf, the world’s largest producing region of crude oil. Yet with the shale revolution in the US having been thrown into the mix and having transformed the price arbitrage between crude oil prices in the West and in the East, an opportunity has arisen that bears more tonne-mile potential than would have been considered. This has been no doubt the prime driver behind the recent support noted in freight market, with the Far East having shown a strong influx of cargo demand and having helped keep things busier than usual. Yet this recent improvement in rates has only been marginal and has taken place during a seasonal high for this sector. The winter months are typically characterized by stronger demand for imports, as consumption of heating oil goes up in the western hemisphere.
George Lazaridis further said, albeit all these positive developments that look to have taken place during the past couple of months, the disparity between sellers and buyers in the secondhand market continues to hold. It is no surprise that during the course of 2017 activity in the crude oil tanker space has been minimal while prices have remained under pressure for an even longer time. The reality of the matter is that buyers have only recently shifted their focus to this sector and at the same time look upon it as an opportunity for bargain hunting. Given this, their price perception is considerably lower than what is currently being offered, while at the same time ship owners are refraining from becoming keen sellers at this time given that earnings are still able to hold at relatively fine levels. Which side will break first and which direction prices will eventually take is an interesting conundrum being faced right now, while a whole lot is still riding on the developments of the crude oil trade .
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Wednesday, 25 October 17
COAL MARKETS REMAINED SUBDUED - DANIEL HYNES
Coal markets remained subdued.
Daniel Hynes, Senior Commodity Strategist at ANZ, Coking coal prices were unchanged amid an absence of fresh of ...
Wednesday, 25 October 17
SHIPPING MARKET REPORT - INTERMODAL
While the majority of perspective Buyers in the dry bulk second-hand market is currently focusing on modern tonnage, there is also increased activi ...
Tuesday, 24 October 17
KOMIPO INVITED BIDS FOR MIN. 4600 NAR BLENDED SUB-BITUMINOUS COAL OF INDONESIAN ORIGIN FOR BORYEONG OR NEW BORYEONG POWER PLANT
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 5,000,000 Metric Tons of blended sub-bi ...
Friday, 20 October 17
U.S COAL PRODUCTION FELL 1.45 PER CENT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...
Tuesday, 17 October 17
SULPHUR 2020: COMING, READY OR NOT - ALIBRA SHIPPING
Some 70% of shipping companies surveyed say they do not believe the industry is ready for IMO’s 2020 deadline, when a global limit of 0.5% su ...
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Showing 1906 to 1910 news of total 6871 |
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- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
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