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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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Tuesday, 21 April 15
SUB-BIT FOB INDONESIA COAL SWAP: GAINED W-O-W; DECLINED M-O-M
COALspot.com: Indonesian coal swap for delivery Q2 2015 gained week over week and declined month on month.
The Q2 swap was declined US$ 1.75 ( ...
Tuesday, 21 April 15
FOB RICHARDS BAY COAL SWAP MOVE UP SLIGHTLY
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q2' 2015 increased slightly month over month.
The Q2 swap has increased US$ 0.2 ...
Monday, 20 April 15
BUKIT ASAM TAKES OVER STAKE IN JV FROM RAJAWALI - JP
State-owned coal miner PT Bukit Asam (PTBA) announced Friday that it had taken over almost the entire stake in a joint venture (JV) that it created ...
Monday, 20 April 15
FOB NEWCASTLE COAL SWAP GAINED WEEK ON WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 3.54 per MT (-7.21%) month over month and gained US$ 0.30 week ...
Monday, 20 April 15
Q4' 2015 API 8 CFR SOUTH CHINA COAL SWAP CLOSED US$ 50.28 PMT
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 4.03 (-7.28%) per MT month over month and US$ 0.05 (-0 ...
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- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
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- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
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- Bangladesh Power Developement Board
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- Baramulti Group, Indonesia
- Global Coal Blending Company Limited - Australia
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- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
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- Directorate General of MIneral and Coal - Indonesia
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- SMG Consultants - Indonesia
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- Videocon Industries ltd - India
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
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- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
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- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Australian Coal Association
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- Planning Commission, India
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- Latin American Coal - Colombia
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- The University of Queensland
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
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- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
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- Tata Chemicals Ltd - India
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- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
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- Formosa Plastics Group - Taiwan
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- Eastern Energy - Thailand
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- Ministry of Transport, Egypt
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- Edison Trading Spa - Italy
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- Minerals Council of Australia
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- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
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- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
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- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
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- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
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- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
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- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- VISA Power Limited - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Bukit Makmur.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
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- Jaiprakash Power Ventures ltd
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- Riau Bara Harum - Indonesia
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- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
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