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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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Sunday, 01 January 12
IS INDIA FOLLOWING INDONESIA TO STANDARDIZE COAL PRICES TO GET MAXIMUM BENEFITS?
COALspot.com - Coal India limited, an Indian state owned and world largest coal producer has introduced gross calorific value (GCV) based pricing me ...
Saturday, 31 December 11
GLOBALCOAL NEWC INDEX SURGED 2.32 PERCENT
COALspot.com - globalCOAL index in Newcastle Port, benchmark for Asian market, ended substantially higher, surged 2.32 percent to US$115.47 per ...
Saturday, 31 December 11
BORNEO LUMBUNG TO BUY BUMI STAKE, SWAP CEO - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading english news paper in Indonesia reported yesterday, shareholders of Indonesian coking coal miner Borneo Lumbun ...
Friday, 30 December 11
CENTRAL GOVERNMENT SHOULD ISSUE PERMITS - THE JAKARTA POST
The Jakarta Post reported that, business associations from both the palm oil and mining sectors have suggested that the central government should re ...
Thursday, 29 December 11
NEW VESSELS DELIVERED ARE FLOODING THE OCEANS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As expected 2011 has been the year that newbuilding deliveries peaked and kept "flooding" the market, thus supressing freight rates and er ...
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- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Australian Coal Association
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- The University of Queensland
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
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