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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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Tuesday, 31 January 12
THERE ARE MANY GOOD REASONS FOR COAL IN GERMANY - DR CIESLIK
COALspot.com - "The year 2011 was again marked by many changes on the markets and energy policies, at times in line with expectations, but at o ...
Tuesday, 31 January 12
DRY BULK MARKET KEEPS FALLING FOR WORST MONTH IN YEARS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market didn't manage to put a halt in its downfall, with the industry's benchmark, the BDI (Baltic Dry Index), posting yet another fa ...
Monday, 30 January 12
CHINA'S HUNGER FOR COAL LEAVES DENT IN PENNSYLVANIA'S SUPPLY - THOMAS LESKIN
With the price of heating oil on the rise, one of Pennsylvania's greatest natural resources - coal - is in high demand, and not just locally.
Et ...
Saturday, 28 January 12
WILL FREIGHT MARKET STABILIZE FROM NEXT WEEK?
COALspot.com - The markets continued to soften with BDI at 663 points down by 15.78 pct closing at 726 points and cape index was down by 5.73 pct cl ...
Friday, 27 January 12
DEMOLITION ACTIVITY NEEDS TO INCREASE SIGNIFICANTLY THIS YEAR AS WELL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The oversupply of vessels in most shipping sectors is so intense that it’s become clear to ship owners that unless they scrap as many of their ...
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- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Coalindo Energy - Indonesia
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Kartika Selabumi Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- White Energy Company Limited
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Marubeni Corporation - India
- PTC India Limited - India
- Renaissance Capital - South Africa
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