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Friday, 08 May 15
BUSIEST CAPESIZE DEMOLITION MARKET EVER - BIMCO
 The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage.
The dry bulk market has long suffered from weak freight rates stemming from falling demand and an oversupply of ships. However, despite worsening freight market conditions, the demolition of dry bulk tonnage has not been adapting fully to this trend as could be expected, at least until now. During 2014 bulk carriers equaling 16 million dead weight tons (DWT) were sold for demolition, down from more than 23 million DWT in 2013.
Scrap prices are under pressure from a general diminishing demand for steel in addition to cheap steel coming out of China. With low scrap prices, currently around USD 370 per light displacement ton (LDT) owners are more reluctant to let go of their ships despite being pressured from poor freight market conditions. However, data from the first four months of 2015 shows that more owners are scrapping their ships than ever before.
Since the beginning of 2015 demolition has gone up for all of the ship sizes within the dry bulk segment with Capesizes carrying the lions share. In 2014, 25 Capesize ships totaling more than 4.2 million DWT were scrapped. With not even half of the year behind us the numbers have already more than doubled. During the first four months of 2015, 52 Capesizes with a total DWT of around 8.7 million have been sold for demolition. The numbers are hastily approaching the level of 2012 where a record total of 70 Capesize ships where scrapped.
Chief Shipping Analyst at BIMCO, Peter Sand, Says:
“The high amount of Capesize demolition will benefit the segment. Although increasing scrapping was expected the actual development exceeded BIMCOs expectations. This could have a positive impact on the market.”
The demolition of Panamax ships has also been on the rise in 2015 and although the development is not quite on par with the Capesizes it is still substantial. In 2015 as much as 2.6 million DWT has already been sold for demolition equaling more than half of last year’s total where 4.8 million DWT were scrapped.
For Handymax and Handysize demolition has also increased in 2015. For Handymax just over 1 million DWT of tonnage has been scrapped so far in 2015, 34 % more than the same period last year. For Handysize the numbers are 2.2 million DWT so far, up 79% from last year.
“The increase in Capesize scrapping comes at a much needed time for the market. Looking at the development so far this year the fleet growth has actually been negative, with a reduction of 0.8 %.”, adds Peter Sand
Source: BIMCO | Hellenicshipping
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Monday, 11 May 15
API 5 FOB NEWCASTLE COAL SWAP; INCREASED M-O-M; DECLINED W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery gained US$ 0.62 per MT (1.41%) month over month and lost US$ 0.88 week on w ...
Monday, 11 May 15
CFR SOUTH CHINA COAL SWAP: DECLINED MOM AND WOW
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.46 (-0.90%) per MT month over month and US$ 0.28 (0. ...
Monday, 11 May 15
KOREA MIDLAND POWER INVITES BIDS FOR 140K MT OF 4600 NAR COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued a new tender to buy total 140,000 Metric Tons (MT) of Sub-bitumi ...
Sunday, 10 May 15
FREIGHT RATES TO REMAIN SOFT NEXT WEEK
COALspot.com: The freight market was flat to soft week over week except for the Cape Index which was up 7.32%. Cape index was closed at 616 p ...
Friday, 08 May 15
COAL PRODUCTION IN U.S. UP 3.2% THIS PAST WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.4 million short ...
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- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
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- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
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- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- Coal and Oil Company - UAE
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- New Zealand Coal & Carbon
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Indika Energy - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
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