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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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- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
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