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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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- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- The Treasury - Australian Government
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Cement Manufacturers Association - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Planning Commission, India
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Bhushan Steel Limited - India
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- The University of Queensland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Posco Energy - South Korea
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- PowerSource Philippines DevCo
- Banpu Public Company Limited - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
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