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Monday, 29 July 13
INDONESIA'S ENERGY NEEDS COULD SPELL GOOD NEWS FOR TANKER OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite abundant energy resources, Indonesia has still failed meet its own demand, which led to a rising import of crude. According to the latest weekly report from London-based shipbroker Gibson, "it wasn’t that long ago that Indonesia was described as the underperforming gem of the Far-East, having an abundance of natural resources: oil, gas, coal, timber etc. Economic growth has been in the region of 5-6% p.a. over the past several years, but could have achieved growth similar to that of China or India, given the right conditionns.
However, recent statistics indicate that this same nation is very much in energy decline, with reserves of crude oil and coal depleting rapidly. The BP Statistical Review of World Energy 2013, shows that Indonesian oil reserves have fallen to 3.7 billion barrels and are forcing the government to import more crude and product to meet rising oil demand. Ageing fields and the lack on new discoveriees continues to be a major headache for a nation which was still a member of the Opec family less than 5 years ago" it said.
Gibson noted that "the BP review shows that last year oil production from the Asian nation stood at 918,000 b/d, while consumption was close to 1.6 million b/d. Indonesian oil production has now fallen to a 40 year low causing the government considerable difficulty both in terms of diminishing export revenue and the fact that energy subsidies have been providing Indonesians with the cheapest fuel in Asia. In order to reduce the nation’s budget deficit, the government in June announced a 20% cut in subsidies. Although no date has been set for the introduction of this price hike, widespread demonstrations have resulted. Indonesia’s production target for this year has been set at 900,000 b/d, but this is unlikely to be achieved with the energy regulator forecasting nearer 830,000 b/d. At the same time, fuel c nsumption and crude imports are surging on the back of cheap subsidised fuel causing the deficit to widen", Gibson said.
According to the shipbroker, "Indonesia has been forced to make up its crude shortfall with imports from Saudi Arabia, West Africa, Libya and Azerbaijan, while the dwindling exports go into the short-haul intra-Asia trade. Aspirations to increase refinery capacity have so far failed to materialise with a failed partnership with Iran abandoned some years ago. More recently negotiations with Iraq, Azerbaijan and Saudi Arabia have led to little more than discussion and no formal projects have been tabled to date. Indonesia has the fourth largest population in the world, and the gap between crude production and consumption continues to grow, causing major political issues. While LNG will provide some respite for the government, it is clear that the demand for both crude and pooduct transportationn will provide growth opportunities for tankers as Indonesia’s growing demand fails to be met internallly.
Meanwhile, in the crude tanker market this week, in the Middle East, "VLCC continued to follow the same track already beaten in June and July with chaterers initially witholdinng to draw down sentiment, and then fixing in numbers to take advantage of that, setting a new 'conference' lower raterange of ws 34/36 to the East and ws 22/23 to the West via Cappe. Now we are effectively at the half-time point in the August game, and if the previous path continues to be followed, then another busier patch will eventtually develop to hand opportunity back to owners once again. Unfortunately for them, this time, availability is a little heavier on the eye, and the Atlantic market is much less supportive, so the peaks of July are less likely to be reachieved even if an upswing does indeed develop.
Suezmaxes enjoyed another week of very strong activity with an over-abundance of short hauls to India also a feature. Rates jumped to as high as ws 55 to the West and close to ws 90 for India with around ws 70 achievable for longer hauls to the East. Aframaxes kept to a steady beat and stayed tight enough to maintain rates in the low/mid ws 90,s bracket to Singapore, where they should remain for the near term at least", Gibson noted.
Finally, in the Mediterannean, "Suezmaxes here operated in reverse manner with the back end of the week showing more strength than the start.140,000 from the Black Sea moved to as high as ws 70 to Europe, with a ws 75 rumoured, but not proved. Volumes aren’t especially heavy, but tight availability on the earlier dates has forced some issues. Aframaxes kicked off nicely, but gradually found supply outweighed demand, and rates fell to 80,000 by ws 77.5/80 Cross Med, and moves to dates that look well enough tonnaged to keep the market soft", Gibson concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Tuesday, 30 July 13
KOMIPO INVITES BIDS FOR 520,000 MT OF 5,700 KCAL/KG COAL ON NAR BASIS FOR H1, 2014
COALspot.com : Korea Midland Power Co., Ltd. has invited bids for 520,000 Metric Tons (MT) of coal with calorific value 5,700 kcal/kg on NAR basis f ...
Tuesday, 30 July 13
AUSTRALIA'S NEWCASTLE SHIPPED 12.58 PERCENT LESS COAL W-O-W
COALspot.com: Newcastle port in Australia has loaded 2,945,848 tons of coal for the week ended 0700 hours 29 July 2013, Newcastle Port Corp. s ...
Sunday, 28 July 13
SUB-BIT INDONESIA COAL SWAP UP SLIGHTLY FOR SEPTEMBER CARGOES
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average September 2013 delivery slightly up on day and week but fell on month on ...
Saturday, 27 July 13
CEPL INDIA TO BAG 0.3 MILLION TONS OF COAL SUPPLY ORDER FROM TNPL
COALspot.com - An India based coal trader Coastal Energy Private Limited has offered the lowest price of US$ 73.00 per metric ton for calorific valu ...
Saturday, 27 July 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES ARE EXPECTED TO REMAIN STEADY - CAPT.REDDY
COALspot.com : The freight market seemed to soften this week with BDI , Cape and Panamax indices dropped average 5 percent on week.
The BDI was d ...
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- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Directorate Of Revenue Intelligence - India
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Malabar Cements Ltd - India
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- VISA Power Limited - India
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
- London Commodity Brokers - England
- MS Steel International - UAE
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- The Treasury - Australian Government
- GMR Energy Limited - India
- PTC India Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Binh Thuan Hamico - Vietnam
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