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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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Showing 36 to 40 news of total 6871 |
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- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- White Energy Company Limited
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- PetroVietnam Power Coal Import and Supply Company
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Videocon Industries ltd - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Economic Council, Georgia
- MS Steel International - UAE
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- The University of Queensland
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
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