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Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
 Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to continue hitting dry bulk shipowners hard.
Tonnage supply hit a massive 605 million dwt at the end of 2011, an increase of 15.2%, which is even more impressive considering 19 million dwt was removed in the same period. With rates suffering under current market conditions Drewry’s forecast for the fleet hitting 684 million dwt by the end of 2012 and 765 million dwt by the end of 2016 signals daunting prospects for the future.
The near future will play heavily on supply-side fundamentals, as ships continue to hit the water at a very fast pace. Given the colossal delivery schedule and slippage from previous years, deliveries in 2012 are forecast to increase further to 97.6 million dwt. The largest increase in deliveries is foreseen in the VLOC segment, where a total of 16.5 million dwt of tonnage will hit the water compared with only 8.9 million dwt in 2011. In light of China’s recent ban on such vessels, this could mean further headaches for owners.
Demolition in this over-supplied market totalled 19.1 mdwt in 2011, nearly quadruple that of the preceding year, as the ailing hire market forced owners to retire older ships. 2012 levels are forecast to reach almost the same as 2011 due to the declining average demolition age of vessels. However the Capesize segment is set to see a decline in demolition levels as most of the obsolete vessels were already demolished in 2011. In the longer forecast period all demolitions are expected to decline, to total 10.6 mdwt in 2016.
Shalini Shekhawat, a dry bulk analyst at Drewry stated, “It’s not all bad news for the sector as Drewry forecasts a 4% growth in trade for 2012, increasing yearly to a rate of 5.8% come 2016, which considering growth stood at less than 1% in 2011 is a boost for the market . Coupled with an orderbook that has been shrinking since February 2009, when it sat at 295 million dwt, there are glimmers of hope that the serious issue of over supply can start to be addressed.”
Source: Drewry
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Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
Monday, 08 January 24
SEABORNE TRADE REACHES 12.4BN TONNES - CLARKSONS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
Monday, 08 January 24
CAPESIZES START THE NEW YEAR ON POSITIVE NOTE - BALTIC EXCHANGE
Capesize
This week the capsize market has been marked by a mix of activities and challenges. Despite a slow start following the Christmas and N ...
Friday, 05 January 24
MORGAN STANLEY SEES LOWER OIL PRICES IN 2024 ON OVERSUPPLY CONCERNS - REUTERS
Morgan Stanley sees Brent crude prices anchored near $80 per barrel in the first half in 2024 before declining towards the end of the year as it ex ...
Friday, 05 January 24
INDIA'S COAL OUTPUT RISES NEARLY 11 PC IN DEC TO 92.87 MT - PTI
India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official s ...
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- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- The University of Queensland
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- White Energy Company Limited
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Standard Chartered Bank - UAE
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Karaikal Port Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Jorong Barutama Greston.PT - Indonesia
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sakthi Sugars Limited - India
- Uttam Galva Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Central Java Power - Indonesia
- The Treasury - Australian Government
- VISA Power Limited - India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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