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Monday, 15 February 16
CALL THE DOCTOR! SHIPPING'S MEDICAL DRAMA UNFOLDS......- CLARKSONS
 The recycling market has started 2016 with a bang, with a huge volume of tonnage heading to demolition facilities. Many of the key shipping markets continue to be in a state of very ill health, and owners seem to be rushing to the emergency room. But with such a youthful global fleet on the water, how might this next episode of shipping’s medical drama play out?
Off To The Infirmary
So far this year, around 8m dwt of tonnage has been reported recycled – a dramatic start, and one which suggests that 2016 could be another very strong year for demolition, after a total of 39m dwt was recycled in 2015. A quick check-up on the age profile of the world fleet shows that despite the obvious youthful bias, there is still some elderly tonnage in operation; 6% of global dwt capacity (or 112m dwt) is aged 25 years or over. However, only around one third of this amount is accounted for by the three major volume sectors, an unfortunate circumstance given the degree to which two key patients, the bulkcarrier and containership sectors, are currently suffering.
Seeking Medicine
The delivery boom over the last decade has meant that the fleet in these two sectors is very young – the average bulkcarrier is less than 9 years old. Following elevated levels of scrapping since the start of the downturn, there is now only 23m dwt of bulker tonnage left aged 25 years or more (3% of the fleet), while only 2% of boxship fleet capacity is over 25 years old – a seemingly limited relief valve.
However, the distressed market conditions are leading to younger ships being scrapped. In 2012, the bulkcarriers scrapped were aged 28 years on average, but this fell to 25 years in 2015, and 23 years in January 2016 (reaching just 20 years in the Capesize sector). For the last few years, containerships have been scrapped at an average age of 23 years, but so far in 2016 this figure has fallen to just 19 years.
Prescribing Steel Therapy
The apparent willingness to demolish more youthful ships could have the potential to eventually underpin a more positive supply-demand balance. More ships were delivered (see graph) in 1992-96 (vessels now aged 20-24 years) than in 1987-91 (ships now 25-29 years old), and only a third of tonnage delivered in 1992-96 has since been removed. Deliveries rose further past 1997, so the share of fleet capacity aged 15 years or more rises to 18% in both the bulker and containership sectors – a greater volume offering a wider range of scrapping candidates. Owners seem to have been making use of this treatment option. Since the start of 2015, 37% of bulker tonnage and 42% of boxship capacity scrapped has been less than 20 years old.
What’s The Prognosis?
So, there’s plenty of capacity which can be recycled if owners can swallow the pill of selling less elderly units. With a strong dosage of demolition, bulk fleet growth could fall below 2% this year, and supply-side fundamentals in the boxship charter market sector should remain supportive. Firm demolition is far from a cure to the challenges faced, but it could be a way to limit some of the worst symptoms.
Source: Clarksons | Hellenic Shipping News
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Monday, 07 March 16
INDONESIAN 5700 GAR COAL INDEX DECLINE $0.05 A TON WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.28 percent week over week to averaging $38.66 per ton on this past Friday, ...
Monday, 07 March 16
FREIGHT MARKET MOVING POSITIVE; ALL SEGMENTS EXCEPT CAPE SHOWING A FIRM TREND
COALspot.com: The freight market was steady this past week and showing a firm trend for all segments except for Cape index.
The Baltic Dry Ind ...
Friday, 04 March 16
GLOBAL ECONOMY'S JITTERS ARE SLOWING DOWN SHIPPING EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The global economy’s shaky condition to say the least is now hampering growth and as a result demand for shipping is slowing down, something ...
Friday, 04 March 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALED 109.3 MMST; 30.2% LOWER THAN THE COMPARABLE YEAR-TO-DATE COAL PRODUCTION IN 2015 - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 13.1 million shor ...
Thursday, 03 March 16
INDIA'S BUDGET NOT ENOUGH TO BOOST STEELMAKERS' PROFITABILITY - FITCH RATINGS
COALspot.com: Fitch Ratings says that increase in proposed infrastructure spending in India's latest government budget is unlikely to provide a ...
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- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Planning Commission, India
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Ministry of Transport, Egypt
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Trasteel International SA, Italy
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Chettinad Cement Corporation Ltd - India
- GMR Energy Limited - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
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