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Friday, 15 February 13
SCRAPPING TO RISE AS BULKER OWNERS SUFFER - DREWRY MARITIME RESEARCH
 Drewry's latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk market wallows in the doldrums. A ship as young as 15 years has already been sold for scrap in recent months, and the average scrapping age of Chinese-built Capesizes was 21 years in 2012. Drewry does not expect any improvement in the freight market in 2013 and foresees a growing number of dry bulk shipping companies getting into financial difficulty. Demolitions in 2013 are expected to be above 36 million dwt, more than what was seen in 2012, and the average scrapping age will fall even further as middle-aged vessels struggle to find employment.
The average scrapping age of the smallest segment, Handysize, will fall below the 30-year mark in 2013, having dropped from 32.4 to 30.1 years last year. This sector lost a bigger proportion of its fleet to the scrapper’s torch in 2012, driven by increasing obsolescence as ports expand. Similarly, demolitions in the Panamax segment were also relatively high, given its older age profile and the increasing popularity of the larger and younger post-Panamax design.
Demolition reached record levels in 2012 as freight rates slumped to their lowest level for a quarter of a century. Preliminary data suggests that as much as 32.7 million dwt of dry bulk tonnage was sold for demolition, with the fourth quarter amounting to 6.8 million dwt: more than double what it was in the last quarter of 2011. Nearly 11 million tonnes of Capesize tonnage was sent for scrap, which was more than the all the dry bulk tonnage scrapped in 2009.
But even this frantic level of scrapping will not push freight rates up because the dry bulk fleet is growing even faster. It added 35 million dwt last year to reach 679 million dwt (9,490 vessels), which was a 12.3% expansion, following 15.2% in 2011. While ‘only’ 28 million dwt is due for delivery this year, two-thirds of that increase will come in the post-Panamax and VLOC segments. These fleets are already very young, so there is very little chance that scrapping will ease the pressure on freight rates.
Source: Drewry Maritime Research / Hellenic Shipping
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Thursday, 21 February 13
SPRING COAL PROCUREMENT 2013 IS ABOUT TO TAKE PLACE
In 2012, “Steady Growth” had set the keynote for China’s economic development. Guided by the principle of progressing steadily, do ...
Wednesday, 20 February 13
BAKRIE GROUP LOOKS TO HAVE A CLEAR UPPER HAND - LUCKY ARIESANDI, CFA
The Bakrie-Rothschild saga is entering its final stage, with Bumi Plc (BUMI LN)’s holders to convene on 21 Feb at 11am GMT to vote on Nat Roth ...
Tuesday, 19 February 13
NEWCASTLE PORT SHIPPED 38.65 PERCENT LESS COAL W-O-W
COALspot.com - Newcastle port in Australia has loaded 1,820,559 MT of thermal and coking coal for week ended 0700 hours 18 February 2013, Newc ...
Monday, 18 February 13
78.75 MILLION TONS OF COAL RESERVES ARE NEWLY PROVEN IN WUGANG HUNAN PROVINCE
COALspot.com - Recently, Wugang City, known as the CHINA hundred key coal producing cities, achieved new breakthroughs in coal exploration: deep coa ...
Sunday, 17 February 13
STEEL DEMAND WILL HELP TO PUSH UP FREIGHT RATES - VISTAAR
COALspot.com - This freight market has been fairly steady week ended 15 February 2013.
The BDI was slightly up by 0.67 pct closing at 753 points ...
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- Kumho Petrochemical, South Korea
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Romanian Commodities Exchange
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Planning Commission, India
- SMC Global Power, Philippines
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
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