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Friday, 19 December 14
HOW WILL LOWER BUNKER PRICES AFFECT THE SUBSTANTIAL OVERCAPACITY IN DRY BULK MARKET? - BIMCO
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have surfaced.
Some single-voyage or single company estimations aims at supporting reintroduction of higher speed to generate higher revenue and potentially higher earnings. In reality, some of them may actually prove to deliver on the promise too.
However, as Chief Shipping Analyst at BIMCO, Peter Sand, said:
“When you consider the entire dry bulk fleet on a global scale, overcapacity remains substantial. In that sense, there is no overall case for increasing speed anytime soon.
“BIMCO concur to the estimates made by Dreary, which point to an operating surplus of some 25% in the market today.
Bear in mind that as long as the demand side and the supply side continues to match one another quite narrowly, the operation surplus will stay put. We need several years of strong demand growth and low supply growth in order to reduce the overcapacity substantially.
This is why is remains important for industry profitability to make sure slow steaming continues to be an integrated part of business conduct.
Slow steaming
In spite of bunker fuel costs coming down significantly, it remains by far the largest cost item for owners and operators. The hefty fuel bills, seen during the past couple of years, may have been paused for a while, but may also prove sticky as the oil price futures all present a steep counting (Canting is a situation where the futures price (or forward price) of a commodity is higher than the expected spot price).
“Bringing higher ship speed back may cause some unwanted commotion to the freight market, where the norm in recent years has been one of lower and lower ship speed.
“Lower ship speed has significantly assisted freight rates in staying higher than they would in the case of all ships steaming at full ahead. Reversing this.
Source: BIMCO Hellenic Shipping News
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Tuesday, 30 December 14
INDIA INC TO BENEFIT AS IMPORTED COAL PRICES SET TO FALL - RAHUL PRITHIANI
The Hindu: India‘s coal import volumes are set to rise by over 30 per cent over the next two years to 214 million tonnes in 2015-16, as domes ...
Tuesday, 30 December 14
U.S WEEKLY COAL PRODUCTION ALMOST FLAT AT -0.2%
COALspot.com – United States the world's one of the largest coal producers, produced approximately 19.8 million short tons (mmst) of coal ...
Monday, 29 December 14
CHINESE COAL IMPORTS: REGULATORY RISKS? - CLARKSONS
In recent years, Chinese seaborne coal imports have surged, registering average growth of 67% p.a. between 2009 and 2013 to total 265mt. However, t ...
Monday, 29 December 14
BULK MARKET ENDS YEAR ON SOUR NOTE, SHIPBROKER SEES 'BUMPY ROAD AHEAD' - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
2014 was supposed to be the year that the dry bulk market would stage a comeback and a sustainable one for that matter. However, while for the most ...
Monday, 29 December 14
Q1'15 CFR SOUTH CHINA COAL SWAP CLOSED AT $59.42
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.51 (-5.58%) month over month and US$ 0.08 (-0.13%) ...
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- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- AsiaOL BioFuels Corp., Philippines
- The Treasury - Australian Government
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- VISA Power Limited - India
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Indika Energy - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
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