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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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Thursday, 13 September 18
SUPRAMAX: INDO-INDIA COAL RUN WAS FIXED CLOSE TO $16000 ON ULTRA - FEARNLEYS
Capesize
Rates took a further drop in the beginning of the week, to later find a floor around mid-week reaching mid USD 7 level for c5 and just ...
Thursday, 13 September 18
SHIPPING IS INCREASINGLY CAUGHT IN THE TRADE WAR LINE OF CROSSFIRE - PETER SAND
Once again, the already long list of tariffed goods has been made even longer. Many more commodities were hit on 23 August, but September is likely ...
Wednesday, 12 September 18
THE INTERRELATIONSHIP BETWEEN LETTERS OF INDEMNITY AND CHARTERPARTY "TIME BAR" PROVISIONS - STANDARD CLUB
KNOWLEDGE TO ELEVATE
Introduction
A recent English Court of Appeal decision provides important guidance on the applicability of charterpar ...
Wednesday, 12 September 18
IS LNG POISED FOR A NEW GROWTH CYCLE? - WOOD MACKENZIE
Gas needs to work for its long-term sustainability. But the mood music is upbeat. Just 18 months ago the LNG market was depressed, anticipating an ...
Wednesday, 12 September 18
U.S. TOTAL COAL EXPORTS TO BE 107 MMST IN 2018 AND 101 MMST IN 2019 - EIA
EIA forecasts U.S. coal production will decline by 1% to 768 million short tons (MMst) in 2018, despite a 10% (10 MMst) increase in coal exports.
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Showing 1621 to 1625 news of total 6871 |
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- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Agrawal Coal Company - India
- Economic Council, Georgia
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Makmur.PT - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- White Energy Company Limited
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Malabar Cements Ltd - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- The University of Queensland
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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