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Wednesday, 13 July 16
2015 VS. 2016; THE DRY BULK DEMOLITION DERBY - JOHN N. COTZIAS
 In the first half of the year 373 Bulkers and General Cargo ships were scrapped representing 23.8mil tons of dwt carrying capacity.
Comparing the first half of the year with the same period in 2015, we observe that there is an increase overall in terms of dwt and a small decrease in terms of vessels, indicating that bigger dwt vessels have been scrapped so far this year. In terms of dwt, the Capesize figure is up by 3%, the Panamax figure is up by an impressive 40% and the Handymax/Supramax and Handysize figures are up by 33% and down by 31% respectively.
The higher volume of demolition activity this year has pushed down by 3 years the average demolition age of dry bulk vessels compared to that in 2015. In 2016 so far the average age is 23.5 years, compared to 2015’s 26.5 years, and 29 years witnessed back in 2014. The average demolition age for Capes is now less than 21 years and in just two years this figure has been reduced by more than 5 years for all bulker sizes.
It is also worth noting that demolition activity in Container vessels has also firmed during this year. In the first half of 2016 the scrapping of Container Ships is up by 3 times compared to H1 2015. 79 Container vessels of 265k TEU capacity were scrapped during the first six months of the year, an overwhelming figure when compared to the 61 vessels of 136k TEU scrapped during the entire 2015.
In 2016 so far 585 vessels of all types have left the active fleet, representing 29.8mil tones effectively being removed from the "chase" of cargoes. 80% of all dwt scrapped comes from Bulkers and General Cargo ships, 13% from Containers and only 4% comes from Tankers.
In H1 2015 we had 636 ships of 27.9mil dwt across all sectors scrapped. 2015 ended with 988 ships of 40.5mil dwt removed. If the same pace continues and we follow a similar 2nd half trend as that of 2015, we estimate that with all other things being equal, i.e. freight rates remaining stable across all sectors and that during H2 scrapping activity usually slows down, we could well see 2016 ending with 850-900 vessels and 42-47mil tons being scrapped.
Given that global demand growth appears to be static, the only way to bridge the gap between supply and demand in both the Dry bulk and the Container sectors is with increased scrapping. Let’s hope that for the sake of an improved fleet balance, scrapping activity will continue at a healthy pace during the remainder of the year.
By John N. Cotzias
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms. Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
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Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
Friday, 20 May 16
U.S COAL PRODUCTION FOR THE WEEK ENDED 14 MAY TOTALED 11.4 MMST; UP 3.8% W/W
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.4 million short tons (mm ...
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Showing 2421 to 2425 news of total 6871 |
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Oldendorff Carriers - Singapore
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jaiprakash Power Ventures ltd
- Vizag Seaport Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Trasteel International SA, Italy
- Eastern Energy - Thailand
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- PTC India Limited - India
- Bangladesh Power Developement Board
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
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