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Friday, 21 December 18
4.2 MILLION DWT OF DRY BULK SHIPS SCRAPPED UNTIL 17 DEC, DOWN 71.6% Y/Y - BIMCO
 2018 has been a slow year for dry bulk demolitions, with only 4.2 million DWT scrapped (as of 17 December), down 71.6% compared to last year. An almost total halt in Panamax demolitions has been an important factor behind this fall, with demolition in every ship segment down.
While last year, Panamax ships accounted for 23% of total dry bulk demolition, this year, with only two ships demolished, totalling 144,485 DWT, this segment accounts for only 3%. The last time Panamax demolition was so low was in 2007 when the total came to 141,479 DWT.
“The last year in which only two Panamax ships were demolished was in 2007 when the dry bulk market was booming, and Panamax demolition hasn’t been in single figures since 2010.
Historically, better freight rates lead to a decrease in demolition and with average earnings in the dry bulk market at their highest since 2011, owners are more likely to keep their ships sailing,” Peter Sand, BIMCO’s Chief Shipping Analyst, says.
No month in 2018 has experienced more than 0.8 million DWT of dry bulk demolition, compared to last year in which ten months saw demolition above 0.8 million tonnes. January saw the highest levels this year at 748,666 DWT. April was the lowest month, during which only one Supramax ship was demolished.
Small ships live longer lives
The average age of dry bulk ships being demolished has risen to reach 28.1 years, up from 24.7 years in 2017 (Source: Clarksons). The highest average age of demolished ships was observed in May, peaking at 31.7 years. The average age for demolished Capesize ships over the course of the year was 23.8 years old, and Panamax ships were on average demolished at 21.6 years of age. The smaller ship sizes had a higher average age at demolition of 29.8 years and 31.9 years for Handymax and Handysize ships respectively.
Source: Peter Sand, Chief Shipping Analyst, BIMCO
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Monday, 11 March 19
SUPRAMAX: A 61,000 DWT VESSEL WAS BOOKED SINGAPORE FOR A TRIP VIA INDONESIA TO CHINA AT $10,500 - BALTIC BRIEFING
Capesize
A faint glimmer of hope with the suggestion the market may have finally bottomed out, with owners attempting to resist further cuts in ...
Friday, 08 March 19
KOMIPO INVITES BIDS FOR 2.6 MILLION TONS OF AUSTRALIAN 5700 NAR COAL FOR FIVE YEARS
South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for 520,000 MT of min. 5700 NAR coal of Australian origin to be burnt ...
Friday, 08 March 19
CHINA'S COAL DEMAND FORECAST TO DROP SLOWLY - YONHAP
China’s coal demand is expected to fall at a snail’s pace over the next 20 years due to the country’s preference for the cheap fo ...
Thursday, 07 March 19
INDONESIAN COAL PRICE REFERENCE PLUNGE TO LOWEST IN SEVEN MONTHS
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 06 March 19
KOSPO INVITES BIDS FOR 80,000 MT OF 3800 NCV COAL FOR 21 - 30 MARCH, 2019 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 80,000 MT of min 3,800 kcal/kg NCV low calor ...
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- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Altura Mining Limited, Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PowerSource Philippines DevCo
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- The University of Queensland
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Meenaskhi Energy Private Limited - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Ministry of Mines - Canada
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- AsiaOL BioFuels Corp., Philippines
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- PTC India Limited - India
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
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