We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 24 April 17
THE FREIGHT MARKET WAS DOWN WEEK OVER WEEK EXCEPT FOR HANDYSIZE SEGMENT
COALspot.com: The Freight market was fell, week over a week as all segments show a negative downward trend except Handy Size segment this past week ...
Friday, 21 April 17
US WEEKLY COAL OUTPUT ON THE UP, EIA DATA SHOWS
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 14.9 million short ton ...
Thursday, 20 April 17
SHIPPING POOLS: DON'T JUST DIVE IN - MOORE STEPHENS
Shipping pools can be an attractive option for ship owners and operators, particularly in difficult markets and during periods of economic uncertai ...
Thursday, 20 April 17
THE DRY BULK MARKET IS STILL ON ITS UPWARD MOMENTUM - ALLIED SHIPPING
Having gone through the first quarter of the year and with the Easter break having no come and gone, it seems as though the dry bulk market is stil ...
Thursday, 20 April 17
CHINA'S IMPORT OF IRON ORE TO PROPEL DRY BULK SHIPPING DEMAND IN 2017 - PETER SAND
China's import of iron ore will continue to be a key driver for the demand growth in 2017 for the dry bulk shipping industry, alongside shippin ...
|
|
|
Showing 2066 to 2070 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
|
| |
| |
|
