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Wednesday, 18 February 15
DRY BULK SHIPPING TO RECOVER IN LATE 2015 - DREWRY MARITIME RESEARCH
Strong trade growth, moderating fleet development and deployment of new fuel efficient vessels are expected to lead to a recovery in dry bulk shipping rates later in 2015, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
“We expect rates to remain under pressure through the first quarter of 2015,” said Rahul Sharan, Drewry’s dry bulk shipping lead analyst. “However, thereafter earnings will recover as modern fuel efficient ships gain employment at higher rates relative to older ships. This is one of the reasons why average charter rates recovered in 2014 compared to 2013, despite continuing capacity pressure.”
Modern vessels command higher rates due to their superior fuel efficiency and environmental credentials, relative to older units. Drewry estimates that since 2011 the average age of the dry bulk fleet has declined from 12 to 9 years (see above graph) which is one of several factors that has helped to support charter rates in an otherwise weak market.
Drewry estimates that the dry bulk shipping trade increased 8.3% in 2014, supported by strong iron ore demand and a 20% leap in grain trade. New vessel deliveries declined in 2014 as owners deferred orders in light of a weak market which limited 2014 fleet growth to 5.3% compared with 6.2% in 2013. Future capacity additions to the dry bulk fleet are likely to be checked by the conversion of some existing dry bulk orders to tankers, and continued slippage with new deliveries.
“We expect to see some acceleration in 2015 deliveries despite a moderating orderbook, thanks largely to increased slippage from 2014,” added Sharan. “However, despite the uncertainty surrounding the global economy, we anticipate that 2015 will be another year in which dry bulk demand outpaces supply. This more favourable capacity outlook coupled with the influx of modern fuel efficient ships points to a recovery in the dry bulk shipping market in the second half of 2015.”
Source: Drewry Maritime Research | Hellenic Shipping News
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Tuesday, 24 February 15
IHS ENERGY COAL CONFERENCE OF THE AMERICAS
Attend the IHS Energy Coal Conference of the Americas 17-19 March in Cartagena, Colombia and learn about timely concerns in today's coal indust ...
Monday, 23 February 15
Q2' CFR SOUTH CHINA COAL SWAP FOR Q2 ROSE 3.39% M-O-M
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery rose US$ 1.90 (+3.39%) per MT month over month and declined US$ 0.08  ...
Monday, 23 February 15
Q2' API 5 FOB NEWCASTLE COAL SWAP CLOSED $1 HIGHER THAN Q3
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery rose US$ 3.12 per MT (+6.44%) month over month and fall US$ 0.43 (-0.83%) w ...
Sunday, 22 February 15
THE BALTIC DRY INDEX LOST ALMOST 3.2% OR 17 POINTS WEEK ON WEEK
COALspot.com: The Baltic Dry Index, one of the economic indicators that monitors the health of the world's economy by tracking the price of shi ...
Friday, 20 February 15
GOVT SET TO INCREASE COAL OUTPUT TARGET THIS YEAR - JAKARTA POST
The Energy and Mineral Resources Ministry is planning to increase its coal output target this year as the government seeks to offset the ongoing de ...
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- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Planning Commission, India
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Pendopo Energi Batubara - Indonesia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Energy Development Corp, Philippines
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
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