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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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Tuesday, 26 June 18
A SHARP RISE IN THE PRICE OF CRUDE OIL WAS TO BE SEEN ON FRIDAY, ITS BIGGEST DAILY GAIN IN TWO YEARS - GEORGE LAZARIDIS
A sharp rise in the price of crude oil was to be seen on Friday, its biggest daily gain in two years, as OPEC reached a deal to raise output. Despi ...
Monday, 25 June 18
AUSTRALIA'S NEWCASTLE PORT SHIPPED 12.179 MT OF COAL IN MAY; DOWN 14.77% M/M
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU1,453.6 Mi ...
Monday, 25 June 18
COAL IN THE CROSSFIRE: CHINESE TRADERS WARY OF BEING BURNT BY TRADE WAR - REUTERS
At least three U.S. coal shipments on their way to China may end up casualties of the escalating trade dispute after Beijing said it would impose s ...
Saturday, 23 June 18
COAL GROUP TARGETS 9 PER CENT REVENUE SPIKE - VIET NAM NEWS
Viet Nam News reported, the Viet Nam National Coal and Mineral Industries Group (Vinacomin or TKV) is targeting VNĐ116.9 trillion (US$5.1 billion) ...
Thursday, 21 June 18
ROBUST ASIAN THERMAL COAL DEMAND CREATES OPPORTUNITIES FOR AUSTRALIA - MINERALS COUNCIL OF AUSTRALIA
Minerals Council of Australia reported, Australia’s world-class coal mining industry can create more jobs in Australia and strengthen t ...
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- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- The University of Queensland
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- GMR Energy Limited - India
- Planning Commission, India
- Independent Power Producers Association of India
- Kobexindo Tractors - Indoneisa
- Marubeni Corporation - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Australian Coal Association
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
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