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Tuesday, 22 October 19
DRY BULK: DESPITE THE DOWNWARD CORRECTION NOTED OVER THE PAST MONTH, RATES ARE STILL HOLDING OFF AT FAVORABLE LEVELS - ALLIED SHIPPING
 Despite the downward correction that has been noted in the dry bulk market over the past month, rates are still holding off at favorable levels. Evidence of this can be seen to how the Baltic Time Charter Average earnings for all the different size segments is still holding above their respective levels noted during the same time period last year (and these are the peak levels that were noted in the 4Q18), said Allied Shipping in its latest report. This is quite a remarkable feat given all that has transpired during the last 12 months in the market and the continuing turmoil the market is subjected to as part of a series of global trade tensions.
According to George Lazaridis, Head of Research & Valuations of Allied Shipping, the demand hype that has been witnessed since late July has helped most of the size segments recover their earlier losses, while it has also left many in the market wondering as to what could have been had we not met such demand resistance. Even so, we are now faced with strong indicators of a further softening in sight before the year comes to a close.
George Lazaridis further noted in his report, as part of all this turmoil last week the market was once again shaken by the lukewarm results from the US-China trade talks. Despite the initial reaction by markets having been more positive as rumors that a deal had been struck, gains were quickly trimmed, and things started to soften once more as details of just a “temporary truce” came to light. That’s not to say that this is not a positive step, however it leaves one with a bitter after taste as the realization kicks in that we still have a long way to go before any certainty re-emerges in the market. In line with this, China was to disappoint things further on Friday with its latest economic growth figure which indicated that during Q3 its economy grow by its lowest pace (6%) in almost three decades while the slowdown seems to be gathering steam. Earlier on in the week we had already seen that its exports in US dollar terms had dropped by 3% year-on-year during September, a much sharper drop than the 1% noted during August. All this may well be pointing that the trade dispute has started to take a fair bite out of the world’s second largest economy and “promising” of further disruptions to come.
Yet when all is set and done, there seem to be some glimmers of hope when looking at the figures in more detail. September may have been a disappointing month for China’s exports and steel production figures, however it is fair to point out that during this time frame we had a sharp scale down in industrial production figures as part of a series of government restrictions which were aimed at cutting pollution ahead of the big parades on October 1st which marked the 70th anniversary of the People’s Republic. The expectation is for steel production to resume on course now, largely thanks to China’s property investment growth of 10.5% year-on-year and its 6.7% rise in new construction projects. At the same time, we have seen a ramp up in fresh Chinese soybean purchases from Brazil last week, despite the recent commitment made by China to buy up to US$ 50 billion of US farm products annually. This may well be indicating a stronger appetite being seen from China, or it may just be a safe bet incase trade talks turn sour once more. Either way, the news is good for dry bulk shipping at least for the near-term and despite the fact that we still seem to be stuck in a market state shrouded by uncertainty, it seems as though demand is still able to pull ample “punches” moving forward to keep things positive for now, George Lazaridis concluded.
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Monday, 16 September 19
COLOMBIAN COAL PRODUCTION TO FALL 5% THIS YEAR, MINING GROUP SAYS - REUTERS
Colombia’s coal production will decline to around 80 million tonnes in 2019, nearly 5% below last year’s, because of low prices and dro ...
Monday, 16 September 19
THE COAL-D SHOULDER? - BALTIC EXCHANGE
Good fortune and the number 13 don’t usually go hand in hand, but when it comes to coal, 2013 actually seems to have been the commodity&rsquo ...
Monday, 16 September 19
SCRUBBERS AND FUEL PROFIT SHARE CLAUSES - CLYDE&CO
From 1 January 2020, Regulation 14 of MARPOL Annex VI provides that the sulphur content in fuel oil used on board ships shall be reduced from a max ...
Monday, 16 September 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR MAX 1,290,000 METRIC TONS OF STEAMING COAL
COALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for total 1,290,000 Metric Tons steam coal.
...
Sunday, 15 September 19
SUPRAMAX / ULTRAMAX: MORE STEMS WERE NOTICED GOING TO VIETNAM FROM INDONESIA - BALTIC BRIEFING
Capesize
Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of time charter appeare ...
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Showing 1336 to 1340 news of total 6871 |
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- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Mintek Dendrill Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Bangladesh Power Developement Board
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Baramulti Group, Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- PTC India Limited - India
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
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