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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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Friday, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
Thursday, 05 April 12
COAL EXPORT TAX: MATTER OF CONCERN FOR INDIA - SUNIL K KUMBHAT
COALspot.com - Since the issuance of Indonesian Mining law in 2009, miners have increased their activities in exploring , ex ...
Thursday, 05 April 12
AKR COAL FIRST EXPORT SHIPMENT OF COAL SEABORNE
PT Anugrah Karya Raya (AKR Coal) subsidiary of PT AKR Corporindo Tbk., Indonesia’s leading integrated supply chain solutions provider and larg ...
Thursday, 05 April 12
DRY BULK MARKET STALLS AS TREND IS REVERSED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has halted its month-long rally, with the BDI (Baltic Dry Index) retreating yesterday for a second consecutive session. Industry ...
Wednesday, 04 April 12
OIL MAY JUMP TO $150PB IF IRAN ATTACKED: EXPERT - KUNA / HELLENIC SHIPPING
Prices of oil will not drop below level of $100 per barrel and may jump to $150 pb in the coming two months, according to the prominent Kuwaiti expe ...
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- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Parry Sugars Refinery, India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- The University of Queensland
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Global Business Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Parliament of New Zealand
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- MS Steel International - UAE
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
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