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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, 12 July 18
SUPRAMAX: INDO/CHINA COAL RV IS BEING FIXED AROUND USD 10500 BSS SINGAPORE - FEARNLEYS
Capesize
Cape market continue to be extremely volatile says Fearnleys in its latst weekly report.
The further noted that, last week ended wi ...
Tuesday, 10 July 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
The trade dispute saga continued over the past week, as new tariffs were put into force on Friday in both the U.S. and China and have already taken ...
Tuesday, 10 July 18
SUPPORTING SULPHUR 2020 CONSISTENT IMPLEMENTATION - IMO
An IMO working group is meeting (9-13 July) to develop guidelines to support the consistent implementation of the 0.50% limit for the sulphur conte ...
Monday, 09 July 18
RISING COAL PRICES LIFTING AUSTRALIA'S EXPORT REVENUES BUT INVESTORS STAYING AWAY - NEWCASTLE HERALD
Newcastle coal prices have risen more than 40 per cent in a year to be at their highest levels for seven years but the industry is becoming increas ...
Saturday, 07 July 18
SUPRAMAX: THE ASIAN MARKET STRUGGLED; A 57K-DWT WAS REPORTED FIXED BASIS DELIVERY SINGAPORE FOR A TRIP VIA INDONESIA REDELIVERY INDIA AT $12K
Capesize
A punchy week for the big ships that saw Atlantic rates soar, with the tonnage list tight prompting charterers to split cargoes, thoug ...
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Showing 1671 to 1675 news of total 6871 |
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- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Ministry of Transport, Egypt
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- The University of Queensland
- Sojitz Corporation - Japan
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Planning Commission, India
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
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