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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, 30 March 12
RECOND NUMBERS SURROUNDING THE SUPRAMAX DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Last year proved to be both a record year in the number of deliveries of dry bulkers between 40,000dwt and 64,000dwt, as well as a record year in th ...
Thursday, 29 March 12
DRY BULK EDGED FURTHER UP, ON HEALTHY DEMAND FOR MOST SHIP TYPES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With capesize vessels finally reappearing in demand, the dry bulk market had an easier task of rising yesterday, as the BDI (Baltic Dry Index) reach ...
Thursday, 29 March 12
ADARO FY11 NET INCOME JUMPS 124% - INSIDER STORIES
Insider Stories reported that, PT Adaro Energy Tbk (ADRO) today announced a 124% jump in net income to US$552 million last year or US$0.017 a share. ...
Wednesday, 28 March 12
CUESTA HAS RECEIVED APPLICATIONS AND FIRM BIDS IN EXCESS OF $9 MILLION FOR THE COMPANYS IPO
COALspot.com - The Directors of Cuesta Coal Limited (ASX:CQC) have announced that today it has received applications and firm bids in excess of $9 m ...
Wednesday, 28 March 12
ORPHEUS ENERGY TO COMMENCE JORC DRILLING AT ADK PROJECT
COALspot.com - Indonesian coal explorer and producer, Orpheus Energy (ASX:OEG), have today announced that the company is about to commence a drillin ...
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- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Posco Energy - South Korea
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Karaikal Port Pvt Ltd - India
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Edison Trading Spa - Italy
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- Independent Power Producers Association of India
- Indian Energy Exchange, India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Marubeni Corporation - India
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
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