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Tuesday, 03 July 18
COAL, THE SECOND MAIN COMMODITY FOR CAPES, HAS BEEN SHOWING A REMARKABLE RISE IN TRADE VOLUMES IN THE YEAR SO FAR - THOMAS CHASAPIS
 Having reached the mid-point in the year, it seems to be a good time to summarize the overall trends noted in the Dry Bulk sector and more specifically the Capesize market, while looking to get a feel as to what we can expect during the second half of the year.
According to Thomas Chasapis, Research Analyst of Allied Shipping, all-in-all, it has been a rather interesting half, with a considerable amount of volatility, underlining how fragile the market balance remains and how vulnerable it is to small shifts in trading trends. Indicatively, the BDI finished June at 1,385 points, a level which is just above the 1,366 points which it closed off the previous year, whereas contrary to this, the Capesize index, which tends to be the main influencing size segment, finished at slightly softer level, reaching the 2,170 point mark, compared to the 2,830 basis points it ended off in December 2017.
Thomas Chasapis further noted that, this is a considerable drop, though worth mentioning that it is still well above its 6-month average figure.
So where does all this leave us now?
Are we going to be able to see a strong rally in the final quarter of the year that will help us brake above the 4,000 point mark on the BCI?
or is the capsize market going to suffer from the global economic and political turmoil at play, leading it to a perpetual motion between the 800 and 3,000 point level for the remainder of the year?
Research Analyst of Allied says, the answer may lie somewhere in between, given the multiple influencing factors currently at play. On the Iron ore front, China, just had its best month in terms of imports, probably well above 90 million tons, an important figure when you take into account the fact that China is by far the largest importer. Moreover, Coal, the second main commodity for Capes, has been showing a remarkable rise in trade volumes in the year so far (as has been pointed out in previous weeks) and given the recent positive trends noted in terms of pricing of the commodity, shows for an equally promising performance over the months ahead. The caveat here is that both these commodities are highly dependent on steel production and although steel output figures in China are around 5% higher compared to last year, they are also highly susceptible to the risk of any dampening effect the recent trade war tariffs could eventually have on the steel products trade. Taking note of the overall balance at play in the market it is important to note that the Capesize fleet development has been holding at a modest level of around 1.02%, well below what was being noted in the year prior. Given all this and even when taking into account the risk overhang on trade, it looks as though a more attuned supply demand balance may well still be at play.
With all being said, the first half of 2018 has left us with an eerie feel, with the intense ups and downs noted in the market being the cause of increased uncertainty. We can anticipate that for the rest of the summer period, things will be moving in a similar pattern to what we have witnessed so far in the year. Most will be likely focusing on the final quarter of the year, which is traditionally the most bullish seasonal point for Capesize vessels. As to if the market will be able to break above its previous highs during the fourth quarter, it looks as though most market thoughts are in favor of such an outcome at this point. Though all this would depend largely on the current trade trends being sustained and not so susceptible to any geopolitical interruptions at play, Thomas Chasapis concluded.
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Wednesday, 03 October 18
SHIPPING MARKET INSIGHT - KATERINA RESTIS
The bunker fuel supply and availability landscape is close to its transformation with the enforcement of the IMO’s global 0.5% fuel Sulphur c ...
Tuesday, 02 October 18
PANAMAX: A FURTHER RISE ACROSS ALL MAIN ROUTES THIS WEEK - ALLIED
Capesize
Finally an upward recovery was in sight in the spot market the past few days, after the prolonged negative pressure noted the weeks pr ...
Tuesday, 02 October 18
THE PRICE OF OIL CONTINUES ITS CLIMB AMIDST A SERIES OF CONCERNS REGARDING SUPPLY CONSTRAINTS - GEORGE LAZARIDIS
It has been a busy week for oil traders as the price of oil continues its climb amidst a series of concerns regarding supply constraints.
...
Tuesday, 02 October 18
INDONESIA GETS READY TO MEET INCREASED COAL DEMAND FROM CHINA, FREIGHT TO RESPOND - MIKAL BOE
Indonesian coal suppliers have increased their domestic coal production target by 4.5 percent from a previous 485 million tonnes to a massive 507 m ...
Monday, 01 October 18
SUPRAMAX: A 56,000 DWT FIXED DELIVERY FOR A SURABAYA TRIP WITH REDELIVERY TO WEST COAST INDIA AT $13,500 - THE BALTIC BRIEFING
Capesize
A stop-start market for the big ships with many expectations and few fulfilled. Holidays curtailed trading early in the week, but the ...
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Showing 1601 to 1605 news of total 6871 |
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- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- Simpson Spence & Young - Indonesia
- Cement Manufacturers Association - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- London Commodity Brokers - England
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