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Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that even China in its best of years, wouldn’t be able to keep up with the current supply dynamics. In fact, analysts have mentioned that it would take for a couple of more “Chinas” nowadays, in order for demand to catch up with the current fleet of dry bulk carriers. As of the start of the year, the global outstanding orderbook for dry bulk vessels stood at 2,375 ships, with a potential carrying capacity of approximately 200 million dwt tons. According to the latest weekly report from shipbroker Intermodal, out of the alarmingly large total of these orders, 1,677 ships of 139 million dwt were scheduled to be delivered during 2012. Under this scenario approximately 70% of the bulker orderbook was scheduled to be delivered during 2012.
With 7 months already gone by and as of 1st of Aug 2012, it is interesting to see the progress. According to Intermodal’s John Cotzias, “the active bulker fleet stands at 8,477 ships and 645mil tons of carrying capacity. During 2012 the active bulker fleet has grown by 6% in ships and 8% in total dwt. VLOC’s in 2012 have grown by 17%, Capesize 4%, Post Panamax 14%, Panamax 6%, Supramax 12%, Handymax reduced by -5% while Handysize increased by only 2%.
At the same time, Newbuilding bulker deliveries are holding strong with around 4 new ships being delivered every day (809 ships of 70mil tons dwt)!! It is worth noting that slippage (expected deliveries less actual deliveries ) was calculated at abt. 15% for the 1st Half of 2012 while it is accelerating after June, giving us a present figure of around 17%. There were 1,677 ships deliveries originally scheduled for 2012, so we could assume that if the current trend continued, there would be 1,390 ships delivered in 2012. However as the slippage rate increases and traditionally as we move towards Nov-Dec more ships are belated to take advantage of a later year of built, so we may expect that the total dry bulker deliveries for 2012 will reach a record high number of around 1,250 ships and abt. 108mil tons of extra dwt carrying capacity. Slippage therefore is estimated to reach around 23-25% for the current year” he said.
According to Intermodal, “looking into deliveries of specific bulker size segments in 2012, we have recorded 49 VLOC’s, 91 Capes, 73 Post Panamax, 168 Panamax, 226 Supramax, 13 Handymax and 189 Handysize being delivered. In 2013 the world bulker fleet will have a capacity of about 750mil tons and this is a reality that we all have to face…!” the report stated.
According to Mr. Cotzias, “there is just too much supply of tonnage that will only push further the gap between available ships for trading and available cargoes. Fleet growth for 2012 is estimated at 20%, and this increase can never be matched by seaborne dry cargo growth which may run at a mere 4-6% given best world economic conditions.
Scrapping has aided the bulker sector tremendously, as more than 21mil tons of dwt, abt 340 ships have been removed from the active fleet, this gives us around 1.6 dry bulker ships scrapped per day! Average age of the ships scrapped is now coming down to 21 years. Offered scrap prices looked rather attractive during first half of 2012 and that further assisted most owners in deciding to send more vessels to the breakers rather than seek buyers for further trading. According to our estimates abt. 500 ships of 30-31mil tons of dwt will be taken for demo during 2012 and this is approximately 6% of the active fleet. Let’s keep this scrapping going!” he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Sunday, 22 July 12
NEW CHAIRMAN FOR AUSTRALIAN COAL ASSOCIATION
The Australian Coal Association (ACA) announced that Mr Ross Willims has been appointed as its new independent Chairman effective November 5 2012. M ...
Sunday, 22 July 12
CENTRAL KALIMANTAN COAL RAILWAY NETWORK WILL BE BUILT BY 2015 - THE BORNEO POST
The borneo post reported that, a declaration to build a coal railway network is signed today (12/07/2012) in front of the Indonesian Vice President ...
Sunday, 22 July 12
COAL PRICES IN MIXED TRENDS; STOCKS REMAIN HIGH AT BOTH ENDS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery fell 0.99 percent on last Friday closing (d-o-d) and 1.19 percent com ...
Sunday, 22 July 12
TATA POWER SIGNS A LONG TERM COAL SUPPLY AGREEMENT WITH PT ANTANG GUNUNG MERATUS, INDONESIA
COALspot.com - Tata Power, India’s largest integrated power utility, last Friday announced that it has signed a long term coal suppl ...
Saturday, 21 July 12
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market was soft this week as all the segments were down.
The BDI was down by 6.58 pct closing at 1,037 points and the ...
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- Trasteel International SA, Italy
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- The University of Queensland
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- GN Power Mariveles Coal Plant, Philippines
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Aboitiz Power Corporation - Philippines
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Semirara Mining and Power Corporation, Philippines
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
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