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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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Saturday, 11 February 12
WILL HISTORY REPEAT ITSELF IN THIS SHIPPING CYCLE? - CLARKSONS / HELLENIC SHIPPING
A slightly dubious "best man" joke runs as follows… Best man (giving his wedding speech): "Have you noticed how history repeat ...
Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...
Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia.
According to company's ...
Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...
Tuesday, 07 February 12
DRY BULK MARKET FINALLY STOPS DECLINE, POSTS FIRST RISE IN MORE THAN A MONTH - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After falling to near record lows, not seen since the mid-80s the dry bulk market has finally stopped its path to "hell", with the industr ...
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- White Energy Company Limited
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- South Luzon Thermal Energy Corporation
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Agrawal Coal Company - India
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Deloitte Consulting - India
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Aditya Birla Group - India
- The University of Queensland
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Siam City Cement PLC, Thailand
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