We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 02 December 18
TRADE WAR LEADING TO HEADWINDS FOR THE FRAGILE DRY BULK RECOVERY - PETER SAND, BIMCO
 The first twelve weeks of the 2018/19 marketing year, which started on 1 September 2018, have painted a dire picture for US soya bean exports which are 43% lower than in the same period last season. Down from 21 million tonnes of accumulated exports by 23 November 2017 to 11.9 million tonnes by 22 November 2018. A loss of 122 Panamax (75,000 tonnes) or 183 Supramax (50,000 tonnes) loads.
“Tonne mile demand is further hurt as not only are the volumes of US soya bean exports lower than last year, the distances sailed are also much shorter as the new destinations are closer to the US than China is.” Peter Sand, BIMCO’s Chief Shipping Analyst, says.
The loss of 122 Panamax loads (all destinations) may be downplaying the impact the change in US soya bean exporting patterns is having on the dry bulk shipping industry. By 23 November 2017, 71.3% of all soya bean exports were sent to China, equal to 200 Panamax loads on one of the longest trades in the world. So far this marketing year, China has taken just 2.8% of US soya bean exports, further harming the tonne mile demand generated by US soya bean exports.
“The weaknesses in Panamax and Supramax earnings in recent weeks is likely to be linked to the lower demand for seaborne transportation of US soya bean exports as compared to previous seasons”
In particular Panamax and Supramax vessels are affected given their reliance on the high volumes of US soya beans usually being sent to China at this time of year. The drop in this demand has been one of the factors behind the lack of seasonal upswing in earnings which has been seen in previous fourth quarters. Panamax earnings fell from 14,385 USD/day on 17 October 2018, to 10,996 USD/day on 23 November 2018.
Two biggest importers in Latin America
So far this season only two countries have imported more than a million tonnes of US soya beans, a fraction of the Chinese levels seen in previous seasons. Argentina has gone from no imports of US soya beans at this time last year, to topping the list with 1.21 million tonnes. A remarkable surge but in no way enough to make up for the loss in exports to China. Mexico takes the second sport with 1.18 million tonnes, a 21.6% increase compared to last season.
Despite anecdotal evidence, data from the USDA and backed up by Brazilian customs statistics showed that the US hadn’t exported any soya beans to brazil between the start of the season on 1 September 2018 to 22 November 2018. During the 2017/18 marketing year, the US only exported 100 tonnes of soya beans to Brazil.
Delayed Reaction
Although the 25% tariff on Chinese imports of US soya beans was implemented on 6 July 2018, its effects have only really started to show since the start of the fourth quarter. Last year, 55% of US soya bean exports to China occurred between October and December.
Although US exports to China have dropped by 98% since 1 September compared to the same period last season, total Chinese imports of soya beans in the period from January 2018 to October 2018, have only fallen 0.5%, largely due to increased imports from Brazil. However, the US dominates the soya bean export market in the last quarter of the year, and we are therefore likely to see total Chinese soya bean imports be lower than last year.
“Hopes of a resolution to the US-China trade war before the end of the year rest on the upcoming G20 summit, but even in the unlikely event that all tariffs are immediately revoked, the trade war may have a long-term effect on trade between the two nations.
As evidenced by China halting imports of US crude oil despite it not being an official part of the trade war, tariffs are not the only factor which have and most likely will continue to harm trade between the two nations.
If Chinese farmers decide they need fewer soya beans to feed their livestock, the overall Chinese demand for soya beans could be permanently reduced, even if tariffs are removed.” Peter Sand ends.
By Peter Sand
in Copenhagen, DK
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 28 September 18
INDONESIA 2018 COAL OUTPUT TARGET NOW AROUND 507 MLN T - ENERGY MINISTRY : REUTERS
Indonesia has increased its 2018 coal production target to around 507 million tonnes from a previous target of 485 million tonnes, the Energy Minis ...
Friday, 28 September 18
FITCH RATINGS: METALLURGICAL COAL MINERS MAY CURB COSTS AS PRICES SLIP
Strong cost inflation in the global metallurgical coal sector suggests that miners may focus on cost controls as prices decline from their current ...
Wednesday, 26 September 18
IS YOUR CHARTER PARTY READY FOR 2020? - METTE KRONHOLM FRAENDE, BIMCO
As the deadline for the IMO’s global low-sulphur fuel requirements fast approaches, it is necessary to carefully check the bunker clauses in ...
Wednesday, 26 September 18
SHIPPING MARKET INSIGHT - GEORGE ILIOPOULOS
Despite the fact that the dry bulk SnP market saw an admittedly busy summer season, there is a noticeable slowdown in activity during the past thre ...
Tuesday, 25 September 18
THE INCONVENIENT TRUTH OF RISING COAL PRICES - FORBES
Coal prices are not supposed to be rising as governments tighten environmental controls but that’s precisely what is happening at the premium ...
|
|
|
Showing 1606 to 1610 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Australian Coal Association
- Electricity Authority, New Zealand
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Planning Commission, India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
|
| |
| |
|
