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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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Wednesday, 17 February 16
TAP ON OPPORTUNITIES IN GROWING ELECTRICITY DEMAND AND NEW COAL POWER PROJECT DEVELOPMENTS IN THE PHILIPPINES - IBC
Tap on Opportunities in Growing Electricity Demand and New Coal Power Project Developments in the Philippines
Coal Power Generation 2016
19- ...
Wednesday, 17 February 16
THE OWNERS FACING HISTORICAL LOW DRY BULK RATES; COAL IMPORTS TO CHINA IS STILL POINTING TO A STRONG TREND OF DECLINING CONSUMPTION
The sharp fall in dry bulk rates that has been taking place since the end of last year and has left owners facing historical low rates for a substa ...
Monday, 15 February 16
CS 42 COAL INDEX ROSE 0.07% WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.15 percent week over week to averaging $38.96 per ton on this past Friday, ...
Monday, 15 February 16
BALTIC INDEX MARGINALLY ROSE BY A POINT D-D; CAPESIZE INDEX DOWN 13 POINTS W-W; PANAMAX INDEX UP 29 POINTS W-W
COALspot.com: The freight markets continued to fall this past week.
The BDI, The Baltic Dry Index (BDI) of dry-bulk shipping freights, a measu ...
Friday, 12 February 16
DRY BULK MARKET'S FORTUNES STILL TIED WITH CHINA'S ECONOMY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The inevitable slowdown of the Chinese economy was expected to hurt dry bulk shipping, but few expected the blow to be this hard, especially given ...
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Showing 2561 to 2565 news of total 6871 |
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- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- MS Steel International - UAE
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- GMR Energy Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- Sree Jayajothi Cements Limited - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Semirara Mining and Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- New Zealand Coal & Carbon
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
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