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Tuesday, 24 July 18
TANKER MARKET : IN TERMS OF TRADE, THE STEPS THAT WERE SLOWLY BEING TAKEN BY OPEC AND RUSSIA - GEORGE LAZARIDIS
 Despite the fact that the tanker market still seems to be in the midst of a perfect storm, there are still strong indicators that better sailing days lay ahead.
In the year to date earnings have followed much in line with the troubled levels that were being noted a year prior. The main difference was that this year we were starting to get “good vibes” as to the prospects of both trade and fleet development moving forward George Lazaridis, Head of Research & Valuations in Allied shipping says in his latest weekly report.
In terms of trade, the steps that were slowly being taken by OPEC and Russia, namely to ramp up their production levels, were already starting to pay dividends on some routes. At the same time the Fracking revolution in the US has already helped shift trade patterns in such a way that each extra tonne of crude oil being shipped on average adds for considerably increase in tone-mile against what it would be adding a couple of years back. He further noted that, given that most of the foreseeable consumption growth is seemingly being generated from Far Eastern economies, the significance of this latter point gains further traction and weighting when looking at expectations of how trade will evolve moving forward. Just to put a few figures to mind, the Asian Pacific and African regions have shown a 31.1% and 32.1% increase in crude oil consumption over the past decade according to the latest figures provided by BP’s statistical review, while in comparison Europe and North America have shown a decrease of 9.1% and 5.3% during the same time frame.
According to George Lazaridis , in the case of the Asian Pacific region this growth rate is ever more significant given that the region now holds a 35.6% share of global crude oil consumption (Africa on the other hand still takes up a mere 4.2%) marking it close to on par with the combined share of 39.8% taken up by Europe and North America. The trend therefore seems to be ever more Eastbound for trade flow in this sector, while given that the US is now being poised as becoming a strong export player, the recent trend noted in terms of tonne-mile increases, is likely to further bolster over the coming years.
On the other side of the equation, we had been witnessing a relative improvement in the overall crude oil tanker fleet development over the past 6 months. The total fleet of crude oil tankers has decreased by around 0.4% during the first 6 months of the year, mainly thanks to the extensive ship recycling activity undertaken and the relatively “soft” newbuilding delivery schedule that was at hand. With this trend likely set to continue on for at least the near-term, especially in the case of newbuilding deliveries where things have eased off further, the freight market should find a relative balance even under the pessimistic scenario that we see a minimal growth rate emerge in terms of trade.
Given that there are still a fair number of indicators pointing to an improvement in trade volumes for the near term, there should in theory be reasonable room for a fair spike in freight rates to take place in the final quarter of the year. Granted that the recent trade disputes that have arisen between the US and China have dampened hopes by a certain degree, but the overall trend is still there and given that OPEC and Russia are still looking to be committed to their goal of increasing their production levels, this should help generate an ever-increasing flow of crude to the East.
At the same time, it is important to take note that there still seems to be a wave of new refinery capacity set to come online in China (Asia’s largest consumer) while it is important to note that the countries oil refinery throughput had risen by 8.2% y-o-y in May.
- George Lazaridis, Head of Research & Valuations, Allied Shipping -
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Wednesday, 12 September 18
MARINE BUNKERS: THE END OF THE WORLD AS WE KNOW IT - IBIA
KNOWLEDGE TO ELEVATE
The world of bunkers is heading for rapid and fundamental changes and not just because of the 0.50% sulphur cap in 2020. ...
Wednesday, 12 September 18
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
A recovery in the shipping market since last year has buoyed optimism amongst the people in the industry. Yet if you are to ask most ship-owners if ...
Monday, 10 September 18
HANDYSIZE: PERIOD ACTIVITY REMAINED LIMITED WITH A 37,000DWT REPORTEDLY FIXED FOR FOUR TO SIX MONTHS AT $10,500, OPEN IN MALAYSIA IN MID-SEPTEMBER - BALTIC BRIEFING
Capesize
Rates came under pressure for the big ships last week, despite paper values holding at reasonable levels as these trades continued to ...
Thursday, 06 September 18
INDONESIAN COAL PRICE REFERENCE FALLS FOR FIRST TIME IN 3 MONTHS
COALspot.com: The benchmark price of Indonesian thermal coal falls for first time in three months.
According to the latest min ...
Thursday, 06 September 18
SUPRAMAX: SE ASIA-INDO ROUNDS WITH COAL HAVE BEEN CONCLUDED IN THE $13000S RANGE - FEARNLEYS
Capesize
The big ships experiencing a bump in the road towards what is commonly expected to be by far the best period of this year. Average dai ...
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Showing 1626 to 1630 news of total 6871 |
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- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- Makarim & Taira - Indonesia
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- PTC India Limited - India
- MS Steel International - UAE
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- White Energy Company Limited
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
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