We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvious that at least until the Chinese market reopens in a couple of weeks (when the Lunar Year Holidays end), things won’t be much different. Yesterday, it was the Supramax’s sector turn to post the most losses, with the relative Baltic Exchange’s Index, the BSI losing 2.46%.
But maybe the most fearful factor coming into play for the dry bulk market is the so talked about tonnage oversupply. According to a recent report from N.Cotzias Shipping Group, the current dry bulk fleet numbers 23,600 ships 614.3mil tons carrying capacity measured in dwt. “There are 3693 ships that are awaiting to be constructed and delivered up until 2014. These new ships will increase the tonnage in terms of carrying capacity by 29% adding 255mil tons of extra dwt. In 2011 we expect 16% or 139mil tons to be delivered and that includes all 2010 slippages. 2012 we expect another 10% or 87mil tons to fall in the active fleet while in 2013 and 2014 only 30mil tons will be added” Cotzias said.
Meanwhile, in the tanker sector, the current fleet is consisted of 12,250 ships of 516.6mil tons dwt. There are 1200 ships that are on order while their total capacity is estimated to be more than 113 mil tons and that is 18% of the current active fleet’s capacity. These new orders are expected to be delivered as follows: 8% or 53mil tons in 2011 included 2010 slippages, 6% in 2012 or 38mil tons, and the remaining 22mil tons or 4% in 2013-2014.
“In the Container market we have 4900 ships active of 159mil tons Gross Tonnage or 14.1mil TEU and we have 590 ships on order of a total of 42.2mil GT, or another 3.85mil TEU of extra carrying capacity. That is a potential 21% increase in the Container carrying ability that is set to happen until 2014. The overall increase will occur 8% or 16.2mil tons GT in 2011 included the 2010 slippages, another 8% in 2012 or an extra 17mil tons gross, 4% increase in 2013 or 7mil tons GT and only 1% in 2014 or 1.7mil tons.
It seems that all sectors are not going to suffer that dramatically from overcapacity. However it is prudent to note that a great deal of capacity increase happened in 2010 already. We had a total of more than 3000 ships reported as delivered during the past year. That is a phenomenally large number. Of these 1200 were Bulkers and General Cargo ships of 76mil tons extra dwt. 650 Tankers including Products and Chemical tankers ships of a total of 42mil tons of dwt were also launched during 2010. In addition 260 container ships of 14.8mil tons GT or 1.4mil TEU were added in 2010. We can make an accurate estimate that the Bulker and Gen. Cargo fleet grew by 14% in 2010 while the tanker fleet grew by 9% and the Container fleet by a mere less 8%” mentioned the shipbroker.
Of course, demand will also play a major role when it comes to sustaining such a large fleet of vessels. As per the World Economic outlook update that was published by the IMF just a week ago, the two-speed recovery continues. In advanced economies, activity has moderated less than expected, but growth remains subdued, unemployment is still high, and renewed stresses in the euro area periphery are contributing to downside risks. In many emerging economies, activity remains buoyant, inflation pressures are emerging, and there are now some signs of overheating, driven in part by strong capital inflows.
Most developing countries, particularly in sub-Saharan Africa, are also growing strongly. Global output is projected to expand by 4½ percent in 2011 an upward revision of about ¼ percentage point relative to the October 2010 World Economic Outlook (WEO). This reflects stronger-than-expected activity in the second half of 2010 as well as new policy initiatives in the United States that will boost activity this year. But downside risks to the recovery remain elevated. The most urgent requirements for robust recovery are comprehensive and rapid actions to overcome sovereign and financial troubles in the euro area and policies to redress fiscal imbalances and to repair and reform financial systems in advanced economies more generally. These need to be complemented with policies that keep overheating pressures in check and facilitate external rebalancing in key emerging economies.
“It is impossible to make any forecasts, We see that world events political or simply acts of god, alter the map or trade and tilt the economic scales that dictate world cargo movements. Suez canal blockage may disrupt shipping lines, no-one knows if such a possibility may occur however if that happens then the CGH will once more see a great deal of traffic through it with price of oil rising to the sky and possibly boosting freight rates to crazy figures. However we should stress that due to high costs imposed by the Suez Canal Authorities and the evergrowing Piracy threats in the GOA area are seriously bringing down canal traffic and as such the effects of a canal closure might prove to be a lot less detrimental on worldwide shipping than initially thought” concluded Cotzias.
Source: Nikos Roussanoglou, Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 08 January 11
AUSTRALIAN FLOODS MAY BOOST RIS COAL SALES - THE JAKARTA POST
The Jakarta Post reported that, Floods inundating Queensland have disrupted Australian coal production, and in turn may offer opportunities for Indo ...
Saturday, 08 January 11
GOVERNMENT REMAINS CAUTIOUS OVER FOREIGN INVESTMENT IN MINING SECTOR - THE JAKARTA GLOBE
The Jakarta Globe reported that, The government expects $3.2 billion of investment to flow into the mining sector this year as foreign investors tur ...
Friday, 07 January 11
14 LARGE-SCALE COAL BASES TO BE BUILT DURING 12TH FIVE-YEAR PLAN - GLOBAL TIMES
During the Twelfth Five-Year Plan period (2011-2015), China aims to build 14 large-scale coal bases, and annex and restructure 20 coal bases in orde ...
Friday, 07 January 11
JSW ENERGY LTD OF INDIA IS LOOKING FOR 45 MILLION TONS OF STEAM COAL FOR 25 YEARS
COALspot.com - Supply of 1.80 mmt (+/- 10%) of steam coal per annum for power plants at Toranagallu and Jaigad.
Accordign to JSWE's websit ...
Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
|
|
|
Showing 5441 to 5445 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- White Energy Company Limited
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Siam City Cement - Thailand
- Planning Commission, India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Eastern Coal Council - USA
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Marubeni Corporation - India
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Power Finance Corporation Ltd., India
|
| |
| |
|
