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Tuesday, 14 August 18
THE CAPESIZE MARKET HAS SHOWN A TREMENDOUS COURSE DURING THE PAST 12 MONTHS - THOMAS CHASAPIS
 The Capesize market has shown a tremendous course during the past 12 months, having quickly climbed out of the “hole that it had found itself in” back in 2016 and pushed back to respectable earning levels during the latter half of 2017 and this year.
According to the latest weekly report from Allied ship broking, at the same time, The Baltic Capesize Index (BCI) hit the 3,632 basis points one week ago, which was its highest point in the year so far. In addition to this, the average figure so far for the summer period has outperformed the respective figures quoted for the same seasonal period for the past 5 years. While we are at a peak point for the year, it seems bizarre that this is taking place right in the midst of August, given that historically the first half of August has been a softer time point in the year, while the market usually recovers from a low point in the second half of August.
The report further said, having already covered the coal market in previous weeks and how has played its part in helping boost freight market conditions in the short run for the bigger size segments, it is time we taken a second look at is going on in most critical commodity (in terms of volumes shipped) for the dry bulk space. Iron ore has held a bullish face as of late, with its price moving close to $70/ton, well above the once considered normalization level of around $60/ton. Strong conditions noted in the steel market, as well as reduced stock piles have helped push considerably for a considerable tightening in the market and a strong jump in terms of pricing. Indicatively, for the month of June, steel output in China was up by around 7.5% year-on-year, while in the face of the trade dispute it currently finds itself in, the short-term economic growth has been boosted substantially as most are seemingly seeking to boost production volumes before the “storm” hits.
Thomas Chasapis, Research Analyst of Allied says in his latest weekly report, having mentioned the positive drivers, it seems as though things can be said to look as rosy when looking at the macroeconomic prospects of this commodity’s market. In the short run, even with most factors laying in favor of a robust market, a softening Chinese currency can surely alter the dynamics and weaken trade as the local price starts to escalate. Furthermore, signs of easing back of the Chinese economy already being noted and given that we haven’t seen the true impact of its current trade disruptions with the United States, it is hard to see a scenario where by steel production volumes continue to rise at their current pace and in effect drive for ever higher demand for iron ore imports.
According to Thomas Chasapis, all-in-all, the scene in the market can be sometimes rather deceptive. So far, healthy appetite for steel products and strong import volumes on the back of falling Chinese domestic iron ore production and shift towards ever more higher-grade iron ore (from Australia and Brazil) has driven many to speculate on a very firm final quarter for the year, with a rally that they feel will prove to be heftier than that of the previous year. However, let’s not forget that there are still some “cracks” to be noted in the robustness of the current trend seen. Furthermore, there may well be signs that the overall seasonality patterns have changed somewhat, something that could well lead to a market peak prior to the fourth quarter. Nevertheless, this doesn’t necessarily indicate a bearish mode to be held either. Even if the market falls short on expectations this is still fair reason to anticipate a good performance for the remainder of the year, consisted by moderate earnings and an overall balanced state with no or limited exaggerations Thomas Chasapis concluded in its report.
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Wednesday, 26 July 17
SHIPPIPNG MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
After an admittedly challenging 2016, the Dry Bulk market kicked off this year on a much more positive note, with all indices steadily increasing u ...
Monday, 24 July 17
THE FREIGHT MARKET ROSE THIS PAST WEEK COMPARED TO THE PREVIOUS WEEK
COALspot.com: The Freight market rose this past week compared to the previous week, as BDI and Cape indexes show a positive trend week over week.
...
Friday, 21 July 17
ESTIMATED WEEKLY U.S. COAL PRODUCTION TOTALED APPROXIMATELY 15.3 MMST; UP 13.5% W/W
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 15.3 million short tonn ...
Thursday, 20 July 17
SUPRAMAX: INDO COAL ROUNDS ARE TRADING AROUND MID/HIGH $11K WITH SINGAPORE DELIVERY - FEARNLEYS
Supramax
A positive week again in the Pacific with rates moving upwards.
According to Fearnleys Weekly Dry bulk report, Nopac rounds are pay ...
Wednesday, 19 July 17
SHIPPING MARKET INSIGHT - NASSOS SOULAKIS
Referring back to a previous Intermodal insight that was written in the first quarter of 2017, the author at the time had claimed that MR tanker ra ...
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Showing 1996 to 2000 news of total 6871 |
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- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Indogreen Group - Indonesia
- Agrawal Coal Company - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Latin American Coal - Colombia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
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