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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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Wednesday, 04 September 19
SHIPPING MARKET INSIGHT - INTERMODAL
For yet another time, the market seems to have its own drivers. After a very disappointing first half, the recent recovery in the shipping market i ...
Tuesday, 20 August 19
NORDEN HAS BEEN AWARDED A 3-YEAR CONTRACT FOR THE TRANSPORTATION OF COAL FROM INDONESIA TO HONG KONG
NORDEN has been awarded a 3-year contract with a power company in Hong Kong for the transportation of coal from Indonesia to Hong Kong.
...
Tuesday, 20 August 19
THE AUGUST 2019 INDONESIAN COAL PRICE REFERENCE POSTS THE FIRST MONTHLY GAIN SINCE AUGUST 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised up the benchmark price of Indonesian thermal co ...
Monday, 19 August 19
INDONESIAN COAL RUNS, A 82,000DWT SHIP WAS FIXED DELIVERY CHINA VIA INDONESIA, REDELIVERY JAPAN, IN THE MID $16,000S - BALTIC BRIEFING
Capesize
The Capesize market was buoyant in both basins this week, posting gains across the board. After bottoming out the previous week, rates ...
Sunday, 11 August 19
ULTRAMAX: A 58,000DWT VESSEL OPEN KEMAMAN FIXED FOR TWO TO THREE LADEN LEGS, REDELIVERY SINGAPORE-JAPAN, AT $12,250 - BALTIC BRIEFING
Capesize
With typhoon Lekima gathering pace, numerous China ports were closed by the end of the week and will likely be for two to three days. ...
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Showing 1346 to 1350 news of total 6871 |
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Therma Luzon, Inc, Philippines
- Sical Logistics Limited - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Sindya Power Generating Company Private Ltd
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
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