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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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Tuesday, 19 February 19
AUSTRALIA'S COAL FUTURE UNDER THREAT AS MORE CHANGES HIT FOSSIL FUELS GLOBALLY - ABC
Two disparate decisions from opposite corners of the world have sounded warnings for the future of Australia’s coal industry.
...
Tuesday, 19 February 19
FAST DEPLETING COAL RESERVES COULD PUSH UP ENERGY PRICES, CAUTIONS EXPERT - THE HINDU BUSINESS LINE
The fast depletion of coal, a strategic resource and India’s fuel of choice currently, has huge implications for energy costs, according to K ...
Monday, 18 February 19
INDIA'S COAL IMPORT FALLS TO 17.25 MT IN JANUARY - PTI
Coal imports saw a decline in January FY 2019 to 17.25 MT from 19.59 MT in the same month of the previous fiscal, according to a report by mjunctio ...
Monday, 18 February 19
THE ROLE OF COAL IN INDIA'S ENERGY AMBITIONS - WCA
India is the world’s second most populous country and figures among the world’s most rapidly growing economies.
The Sout ...
Saturday, 16 February 19
COALTRANS CHINA 2019, CHINA'S LARGEST COAL INDUSTRY GATHERING
Press Release: Coaltrans China 2019 | With the import ban likely to be lifted, it’s time for you to meet your potentia ...
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- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Planning Commission, India
- Siam City Cement - Thailand
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- White Energy Company Limited
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sical Logistics Limited - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Mercator Lines Limited - India
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Aditya Birla Group - India
- Indo Tambangraya Megah - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
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