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Saturday, 06 August 16
DRY BULK SHIPPING CHARTER RATES TO RISE ON UNEXPECTED DEMAND GROWTH - DREWRY
 Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China importing more coal and iron ore to combat pollution and poor quality, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
Macroeconomic policy decisions by the Chinese authorities have had an impact on the overall dry bulk market, increasing vessel demand on key routes resulting in a steady recovery in charter rates. China’s efforts to revive its economy have helped the iron ore trade to revive and are expected to further boost tonne-mile demand, as Drewry envisages more of the commodity coming out ofBrazil.
On the investment side, tighter financing options and restrained new ordering have helped the dry bulk market to keep supply in check so far. A high number of slippages and cancellations will impede any substantial growth in deliveries over the next few years. Demolition of ever-younger vessels is expected to result in a slowdown in fleet growth this year. And a similar rate of demolition and delivery in the next year will help deflate oversupply further. Demand growth, which seemed to be an unlikely prospect throughout last year and the early part of 2016, has been helping the dry bulk market come off the bottom.
India’s coal imports increased by 8% in 2015, but are expected to remain flat this year as domestic output will continue to be high. The impending La Niña might impact Australian cargo outflows if rain disrupts rail movement and port activities. This will result in increasing congestion at the country’s ports which in turn will squeeze available coal supply from other sources.
Drewry expects freight rates on the Brazil-China and Australia-China iron ore routes for Capesize vessels to strengthen over the next two quarters, but the return of laid-up vessels to trading could disrupt the expected improvement.
“Demand for coal-carrying vessels will increase in the coming quarters because Japan has decided to increase its coal-fired power generation, while China plans to cut domestic coal production which will increase import demand,” commented Rahul Sharan, Drewry’s lead analyst for dry bulk shipping.
“We further expect the grain trade to remain strong as recent heavy rains have enhanced the prospects for grains in Europe, CIS and North America, especially for maize and barley crops”, added Sharan.
Source: Drewry | Hellenic Shipping
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Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
Monday, 04 April 16
INDONESIA CS57 COAL INDEX SLIDES SLIGHTLY WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 0.07 percent week over week to averaging $38.88 per ton on this past Friday, ac ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Independent Power Producers Association of India
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- PTC India Limited - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Rashtriya Ispat Nigam Limited - India
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
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