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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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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Petron Corporation, Philippines
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Orica Mining Services - Indonesia
- Standard Chartered Bank - UAE
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- London Commodity Brokers - England
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Australian Coal Association
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
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