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Wednesday, 08 May 13
PANAMAX VESSELS PROVE TO BE "STARS OF THE MONTH" FOR THE DRY BULK MARKET DURING APRIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 They have taken a beating on various occasions during the past few years of the dry bulk market's crisis, but the fact remains, that despite the heavy orderbook, Panamax dry bulk carriers, are among the most versatile ship types and this comes in handy when seasonal demand picks up. According to the latest monthly report from shipbroker Intermodal, April was "a very positive month for Panamaxes despite the ever present fears regarding the scheduled for delivery for 2013. A lot of emphasis was placed on the much firmer grain market which allowed for ample of fresh inquiries to surface in the Atlantic basin and empty out much of the tonnage lists that had amassed. This however was only one side of the story, because at the same time and playing a much more significant role with regards to the longer-term prospects of this size segment, we witnessed a much stronger coal trade in the Pacific basin, as many traders were taking advantage of the softening prices for this important dry commodity. China’s and India’s energy appetite is still rising and their preference towards coal fired power plants means strong demand for thermal coal", Intermodal said.
According to analyst George Lazaridis, "Indonesia has been a prime supplier for both these markets for several years now. Being one of the largest exporters of coal worldwide, it is significant that they recently announced stellar results for the first quarter of 2013, with total exports of coal reaching just over 99 million tons (despite the heavy rainfall in the first two months which lead to slower production output) and around 80% of this being exported to two of the biggest importing countries which are China and India. At the same time, the Indonesian Energy and Mineral Resources Ministry estimates that they will close off the year with a record number of close to 400 million metric tons of coal produced, which is a 3.6 per cent increase compared to the 386 million tons output of 2012. All this is in stark contrast to where we were at the end of August last year, were the slowing growth from China had shown an immediate negative impact in shipments from Indonesia. The difference since then is not only the improved economic conditions in China which has led to a ramping up of infrastructure spending and industrial production needs, but also a change in policy by the Indonesian government which has decided to drop its proposal to ban exports of lower-quality grades. This is quite significant as it has helped export volumes increase significantly, while for a more forward looking perspective it will help sustain the country’s exports as 93% of its coal reserves are below top quality", he said.
Lazaridis added that "Australia, the world’s second largest exporter of coal, has also ramped up investment in its coal mining, with several new mining projects underway. The level of investment that has gone into most of these projects shows the high level of commitment that many have in this sector and the promise it holds for further future growth despite the increased competition from alternative sources for power generation such as natural gas.
Japan’s coal imports are set to hit another record this year as most of its major power generation companies are making an effort to curb increased costs through cheaper fuel. Similarly many are expecting Chinese demand to increase from 500 million to 1 billion metric tons by 2030, while this enormous figure doesn’t even take into account any demand increase from other fast paced development countries such as India. It makes you wonder where this kind of growth will be supplied from. At the moment, as it stands, Indonesia, Australia, Russia and the U.S. are the only suppliers capable of producing more than 100 million tons of exports and the only likely candidates to be able to cover this need through their reserves" he stated.
According to Intemodal's analyst, "as it’s of little use to talk about that far ahead and turning our attention once more to the current state of things, it looks as though Panamaxes may well have a better year than was originally expected. There stil an orderbook of 408 vessels (roughly around 22% of the fleet) with 264 of these scheduled for delivery within 2013, nevertheless being a prime mover of coal within the Pacific and as long as the grain harvest in the U.S. and Russia turn out to be significantly better than what was seen in 2012, we may well see more promising rates within 2013", he concluded his monthly statement.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Parliament of New Zealand
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ind-Barath Power Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- The Treasury - Australian Government
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
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