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Sunday, 06 December 15
DESPITE TEMPTING NEWBUILDING PRICES, CONTRACTING IN DRY BULK REMAINS LOW - BIMCO
 The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the lowest level since 2003. This could potentially sway owners into buying new ships feeding even more into the already oversupplied fleet and worsening the condition of the dry bulk market even further.
However, it appears that the owners are keeping their cool and not jumping on the low prices.
Chief Shipping Analyst at BIMCO, Peter Sand, Says:
“The fact that ship owners have refrained from ordering new dry bulk ships despite the low newbuilding prices is positive for the future dry bulk market.
However, for there to be an actual shorter-term improvement in the market we would need to see a spike in demand or a substantial reduction of the fleet.”
All in all, dry bulk contracting has gone down substantially in 2015 compared to 2014. So far this year the total volume of new contracts placed at yards in one of the three big shipbuilding nations China, South Korea and Japan is just 11.3 million DWT. This compares to 58 million DWT of dry bulk capacity contracted last year in the same three nations.
Although orders have remained remarkably low through the year, one order by Nippon Steel & Sumitomo Metal Corp. (NSSMC) stands out, accounting for a spike in September. NSSMC wishes to replace its Capesize fleet with larger ships and ordered nine VLOCs from two yards in Japan.
China having been the largest producer of dry bulk ships in recent years has also experienced the most significant drop this year. Chinese yards have only signed contracts for 2.5m DWT of new dry bulk ships this year. In 2014, the full-year total was 34 million DWT.
“The dry bulk market has been in a slump in 2015 mainly due to a great imbalance between supply and demand. The demand for dry bulk commodities has slowed down during the year with coal taking the biggest hit.
Meanwhile on the supply side, owners have been reluctant to scrap their ships during the second half of the year at the same pace as during the first half of year, where we saw a new half-year record.
This has left the fleet at a level not corresponding with the diminishing demand. The unfavorable situation has driven the demand for dry bulk ships down and ultimately the price of newbuildings has followed suit”, adds Peter Sand.
Source: BIMCO | Hellenic Shipping News
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Thursday, 10 December 15
CANADIAN MINER TECK ANNOUNCES LNG HAUL TRUCK PILOT PROJECT
Teck Resources Limited is piloting the use of liquefied natural gas (LNG) as a fuel source in six haul trucks at its Fording River steelmakin ...
Thursday, 10 December 15
FOB RICHARDS BAY COAL Q3' 16 DELIVERY SWAP WAS CLOSED 7.27% PER TON LOWER COMPARED TO AVERAGE Q1' 16 DELIVERY PRICE
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q1’ 2016 decline month over month and week over week.
The Q1’ 2016 &nbs ...
Wednesday, 09 December 15
U.S. COAL EXPORTS DECLINE IN 2015 DUE TO SLOWER GROWTH IN WORLD COAL DEMAND AND LOWER INTERNATIONAL COAL PRICES - EIA
COALspot.com: The slower growth in world coal demand and lower international coal prices have contributed to a decline in U.S. coal exports in 2015 ...
Wednesday, 09 December 15
DRY BULK EXPERIENCES THE PERFECT STORM - PANOS TSILINGIRIS
Dry bulk experiences the perfect storm as the slowing of demand predominantly because of China sat atop the exaggerated oversupply. The BDI broke t ...
Tuesday, 08 December 15
OPEC'S DECISION BODES WELL FOR THE TANKER MARKET: STRONG MIDDLE EAST CRUDE EXPORTS WILL CONTINUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
OPEC’s latest decision to keep up oil production is seen by shipbrokers as a further boost for the tanker market. At the end of last year OPE ...
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- Kartika Selabumi Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Aboitiz Power Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Planning Commission, India
- Independent Power Producers Association of India
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Commonwealth Bank - Australia
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- The Treasury - Australian Government
- ASAPP Information Group - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Sree Jayajothi Cements Limited - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- The University of Queensland
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Indika Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- SMC Global Power, Philippines
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