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Tuesday, 27 November 18
PANAMAX AND SUPRAMAX INDICES WITNESSED A DECLINE OF JUST BELOW 14% IN THEIR MEAN ON A MONTH-ON-MONTH COMPARISON - ALLIED SHIPPING
 A month of sharp corrections and great asymmetries for the dry bulk sector, with the overall overview of the market shipping rapidly from a state of extreme bullishness to bearish in no time at all. Not long-ago, statements like robust sentiment, modest order-book, sustainable fleet development, robust global economic growth and seaborne trade were some of the favorites topics discussed by most optimists in the market, said Thomas Chasapis, Research Analyst of Allied shipping in his latest report.
But now, given that the scene has changed completely, and the upward momentum has faded away, what can we expect from the blurry picture presented in front of us?
According to Thomas Chasapis, at the beginning of September, a mere breath before the start of the final quarter of 2018, the exuberance was become apparent in the paper market, given that contracts reached levels of even above US$ 26,000/day for the average of the BCI-5TC for 4th quarter period. At that time, and given that the previous year, for the same time frame, the actual market managed an average figure in the region of US$ 22,700/day and the market was already on an upward path throughout 2018, the level being discussed seemed rather fair to most.
He further noted that, things were already turning sour however in October, with earnings averaging out at US$ 18,600/day and it quickly becoming obvious that the Capesize segment wasn’t going to carry out its promise as originally thought. But things didn’t stop there, and from the start of this month the overall segment was on a sharp downward spiral, reaching even at levels that brought back memories of the collapse in the dry bulk sector of 2016. So, to the very least we can say that the market is in a “weird” state. The FFA market is now in a state of turmoil, showing steep corrections in respect to forward returns, even for very forward contracts. On a month-on-month basis, volatility for Capes has skyrocketed by almost 184% (using the BCI benchmark index), breaking a long period of convergence towards a more stable state.
Yet what must be stated is that it would be prudent not to rush back into an overly bearish tone, on the back of just recent trends in the dry bulk freight market. It is important to mention that other segments haven’t shows this kind of softening in their average figures. Both the Panamax and Supramax indices witnessed a decline of just below 14% in their mean on a month-on-month comparison. So, given the influential attribute of the Capesize to the overall sector, the impressive resistance seen in the smaller sub-segments can be translated in two different ways, either that there are strong fundamentals able to bear periodical negative shifts (i.e. minor bulk commodities are holding better), or we are speaking of an isolated and over exaggerated incident and the market will recover back to normality fairly quickly. For the time being the market is once again covered in shrouds of uncertainty, with most interested parties having already altered towards a more conservative attitude.
All-in-all, given that we are in a strong seasonal point in the year, we would expect that a swift recovery could take place, with the overall market, although, most probably finishing the year at mediocre levels given the extent of the downturn noticed these past weeks, Research Analyst of Allied shipping concluded.
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Tuesday, 22 January 19
9TH GLOBAL MANUFACTURING SUPPLY CHAIN INNOVATION SUMMIT 2019
Rethinking the supply chain in manufacturing is a must at the digital era along with the industry transforming and innovating; new manufacturing is ...
Tuesday, 22 January 19
AUSTRALIA'S YANCOAL PRODUCED 50 MMT SALEABLE COAL IN 2018 UP 59 PER CENT ON THE YEAR PRIOR, THE QUARTERLY REPORT SHOWS
According to the report, the miner's quarterly (Q4' 18) saleable coal production of 12.4 Mmt. Includes 10.5 Mmt (85 per cent) from the Comp ...
Monday, 21 January 19
KOSPO INVITING BIDS FOR 320K MT OF LOW CALORIFIC VALUE COAL
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 3,800 kcal/kg NCV low calo ...
Monday, 21 January 19
SUPRAMAX: INDONESIAN COAL RUNS, TONNAGE WAS GIVING APS DELIVERIES AND A 57,000DWT SHIP FIXED AT $7,000 FOR A TRIP TO WEST COAST INDIA - BALTIC BRIEFING
Capesize
A positive end to a week that saw rates on the West Australia/China run slip below $6.00, as charterers faced a plentiful supply ...
Monday, 21 January 19
HARD COAL WORLD TRADE IN 2018 RISES BY 3.7 PER CENT; GLOBAL HARD COAL PRODUCTION INCREASES BY 1.7 PER CENT - VDKI
Global Hard Coal Production Increases By 1.7%.
According to provisional calculations by the German Coal Importer Association (VDKi), ...
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- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- The Treasury - Australian Government
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Bhatia International Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indonesian Coal Mining Association
- Tata Chemicals Ltd - India
- Economic Council, Georgia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- White Energy Company Limited
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Planning Commission, India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- MS Steel International - UAE
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Indian Energy Exchange, India
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Australian Coal Association
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
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