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Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
 International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborne trade at below 2007 levels. It had climbed to an all-time high in 2008.
The Review of Maritime Transport 2010 estimates total seaborne trade during 2009 at 7.84 billion tons. Although a global recovery is currently under way, it is uneven, slower than the recoveries that have followed previous recessions, and subject to numerous uncertainties and to the fragile global economic conditions, the study says. Signs show that the shipping industry and seaborne trade are recovering, but it will likely take some time for the industry to return to its 2009 levels.
Seaborne trade in dry bulk commodities – such as iron ore, grain, coal, bauxite/alumina and phosphate, which represent around one quarter of seaborne trade – actually grew by an estimated 1.4 per cent in 2009. However, this figure masks fluctuations by commodity type. Bauxite and alumina, which are key components in aluminium production and are used primarily in the transport and construction industries, suffered a 23.2 per cent decline. Phosphate rock, used as a fertilizer by the agriculture industry, suffered a 38.7 per cent decline. Iron ore shipments rose to an estimated 907 million tons in 2009 – an increase of 7.8 per cent over the previous year. China accounted for much of the increase in iron ore trade, with imports growing by 38.9 per cent, whereas Japan´s imports declined by 24.8 per cent and Western Europe´s imports declined by 38.2 per cent.
The supply of new vessels showed no signs of abating. At the beginning of 2010, the world merchant fleet reached 1,276 million deadweight tons (dwt) – an increase of 84 million dwt over 2009. This growth resulted from record new deliveries of 117 million dwt, compared to demolitions and other withdrawals from the market totalling about 33 million dwt. New deliveries in 2009 were 42 per cent higher than in 2008 because of the orders that had been placed prior to the downturn in global demand. The resulting oversupply of tonnage then led to an over 300 per cent surge in demolitions of older tonnage. However, despite this increase, the combined effect of a downturn in demand and an oversupply of vessels meant that freight rates for many vessel types remained depressed.
World container port throughput declined by an estimated 9.7 per cent to 465.7 million twenty-foot equivalent units (TEUs) in 2009, the report says. UNCTAD´s Liner Shipping Connectivity Index revealed that the average ranking of the least developed countries (LDCs) in 2010 was 111, compared to an average ranking of 78 for other developing countries and 64 for developed countries. The rating indicates that LDCs remain isolated from major or frequently serviced shipping routes. Between 2004 and 2010, the connectivity ranking of LDCs improved by just 1 point.
The Review of Maritime Transport 2010 also details recent developments in maritime legislation, such as steps by the International Maritime Organization regarding the scope and content of an international regime to control emissions of greenhouse gases from international shipping. In April 2010, a Protocol on the 1996 Hazardous and Noxious Substances Convention was adopted which aims to bring about wider adoption of the Convention.
Every year, the Review of Maritime Transport looks at transport developments in a particular region. The focus in the 2010 edition is on developments in Asia since 2007, when UNCTAD last reported on the region. GDP growth in the Asia-Pacific region decelerated to 4 per cent in 2009 – its lowest level in eight years. In tandem with the economic situation, growth in international merchandise trade in the region decelerated in 2008 and contracted in 2009. By 2010, economic indicators were showing a recovery in the region´s economic growth and trade, with some economies already showing signs of a return to pre-crisis growth and export levels. However, the recovery remains fragile and is subject to downside risks.
Maritime transport is the single most important transport mode; it has around 80 per cent of the market share in the international movement of goods. However, in some developing countries this percentage is much higher, due to cumbersome cross-border procedures and an underdeveloped land transport infrastructure. The Review of Maritime Transport 2010 also covers developments from January 2009 to mid-2010 in other modes of transport, such as road, rail, and inland waterways.
Source: UNCTAD / Hellenic Shipping
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Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Banpu Public Company Limited - Thailand
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Planning Commission, India
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- The University of Queensland
- White Energy Company Limited
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- MS Steel International - UAE
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
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