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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, 29 January 19
HARD COAL BEARS THE BRUNT OF THE RECOMMENDATIONS OF THE COMMISSION GROWTH STRUCTURAL CHANGE AND EMPLOYMENT - VDKI
Press Release: Hard coal bears the brunt of the recommendations of the Commission Growth Structural change and employment.
In its fi ...
Tuesday, 29 January 19
CHINA HAS BEEN THE TOP DRIVER OF GLOBAL GROWTH FOR NEARLY TWO DECADES - ALLIED
China has been the top driver of global growth for nearly two decades now, pushing demand for seaborne trade and being the key influencer for deman ...
Saturday, 26 January 19
SUPRAMAX: NICKEL ORE RUNS SAW A 56K DWT VESSEL, DELIVERY PHILIPPINES, FIXED FOR A TRIP TO CHINA AT $6K - BALTIC BRIEFING
Capesize
A week of dashed hopes for owners as the optimism evident the previous week evaporated. Rates slipped on all routes and underlying thr ...
Thursday, 24 January 19
ANOTHER DISAPPOINTING WEEK FOR PANAMAX OWNERS; MARKET CONTINUES DOWN IN BOTH BASINS - FEARNLEYS
Capesize
The week has been marked by low activity and dropping rates in both basins. As usual, supply additions have increased at the beginning ...
Thursday, 24 January 19
KOREA SOUTHERN POWER INVITED BIDS FOR 960K MT OF 4600 NCV COAL FOR THREE YEARS
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 320,000 MT of min 4,600 kcal/kg NCV low calo ...
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- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- Renaissance Capital - South Africa
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Barasentosa Lestari - Indonesia
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- PTC India Limited - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- The University of Queensland
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kobexindo Tractors - Indoneisa
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- South Luzon Thermal Energy Corporation
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
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