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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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Tuesday, 04 April 17
THE IRON ORE HAS BEEN ABLE TO KEEP ITS GROWTH PATH FAIRLY WELL; THERE IS STILL ONE PART OF THE WORLD THAT IS STILL HEAVILY COMMITTED TO COAL
With the close of March having let us with a very positive after taste and having witnessed near the end of the month the Baltic Dry Index at its h ...
Monday, 03 April 17
WORLD COAL TRADE STABLE IN 2016: DEMAND SHIFTS TO SOUTH-EAST ASIA - ASSOCARBONI
ASSOCARBONI: Coal confirmed as the leading fuel for electricity generation, accounting for 40% of overall production in 2016.
World coal trade ...
Monday, 03 April 17
DRY BULK RATES CONTINUING TO FIRMING UP
COALspot.com: The Freight market was continuing to firming up. Baltic Panamax Index rose 12.81 percent week over week.
The Baltic Exchang ...
Friday, 31 March 17
U.S. COAL PRODUCTION INCREASE SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.5 million short tons ...
Thursday, 30 March 17
WHERE AN AGREEMENT FAILS TO DELIVER - WATSON FARLEY & WILLIAMS
KNOWLEDGE TO ELEVATE
Watson Farley & Williams acted for MRI Trading AG in a leading case on ‘agreements to agree’ that was fin ...
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Showing 2081 to 2085 news of total 6871 |
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- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Siam City Cement PLC, Thailand
- Australian Coal Association
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- The Treasury - Australian Government
- Minerals Council of Australia
- Dalmia Cement Bharat India
- The University of Queensland
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
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