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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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Tuesday, 08 December 15
Q1' 16 API 5 FOB NEWCASTLE COAL SWAP CLOSED AT $ 36.73 A TON; 1.73% HIGHER COMPARED TO Q3' 16 PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $1.47 per ton (3.85%) month over month to US$ 36.73 per ton. The swap ...
Tuesday, 08 December 15
HOW TO MITIGATE LEGAL RISKS WHEN PURCHASING BUNKERS - LESSONS LEARNED FROM THE OW BUNKER COLLAPSE - THE SWEDISH CLUB
KNOWLEDGE TO ELEVATE
About a year has passed since OW Bunker & Trading A/S filed for bankruptcy. The collapse shows that there are signifi ...
Monday, 07 December 15
5000 GAR CS (I) COAL INDEX REMAIN THE SAME OVER LAST WEEK
COALspot.com: The 5000 GAR CS (i) coal index remain the same over last week.
According to the CS (i) coal (system generated) index, the CS 50 ...
Monday, 07 December 15
COAL DEMAND IN 2016 FAILS TO SUPPORT PRICES; CFR SOUTH CHINA COAL SWAPS SEEN AT $US 42 A TON
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 1.70 (3.88%) per ton month over month.
A commodity swap ...
Sunday, 06 December 15
THE BDI DECLINED BY 3.09 PERCENT TO 563 POINTS ON 4 DECEMBER
COALspot.com: The BDI declined by 3.09 percent to 563 points on 4 December 2015.
The Cape index was also declined by 10.01 percent to 890 poin ...
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- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
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- Kumho Petrochemical, South Korea
- Kartika Selabumi Mining - Indonesia
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- PTC India Limited - India
- Coastal Gujarat Power Limited - India
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Bharathi Cement Corporation - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Australian Coal Association
- Petron Corporation, Philippines
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
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