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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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Friday, 11 January 19
SUPRAMAX: THE ASIAN ARENA HAD A MIXED START; LIMITED ACTION IN SOUTHEAST ASIA - THE BALTIC BRIEFING
Capesize
Dashed hopes summed up the first full week of the New Year. A slow start followed by a busy 24 hours of improving rates and a firming ...
Thursday, 10 January 19
BUNKER DELIVERY NOTE AMENDMENTS ENTER INTO FORCE AS SULPHUR 2020 REQUIREMENT LOOMS - IMO
KNOWLEDGE TO ELEVATE
Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative m ...
Thursday, 10 January 19
WORLD TRADE IN THERMAL COAL IS ESTIMATED TO HAVE GROWN BY 1.0 PER CENT IN 2018 - DEPARTMENT OF INDUSTRY, AUSTRALIA
World Trade
World trade in thermal coal is estimated to have grown by 1.0 per cent to 1.1 billion tonnes in 2018 but it is expected to decline ...
Thursday, 10 January 19
PAKISTAN'S COAL IMPORTS TO SURGE TO 30 MILLION TONS PER ANNUM BY 2020 - CEO, PIB
Pakistan’s coal imports are estimated to surge to 30 million tons/annum from existing 20 million tons/annum by the year 2020, given the plann ...
Wednesday, 09 January 19
PANAMAX: THE PACIFIC SAW RELATIVELY GOOD DEMAND PARTICULARLY FROM INDONESIA AND NOPAC - BALTIC BRIEFING
Capesize
It was an active start to the New Year, with trading from West Australia maintaining momentum during the holiday period. Rates for Chi ...
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- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Australian Coal Association
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
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