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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, 14 December 18
KOSPO INVITES BIDS FOR 1,177,000 METRIC TONS OF COAL FOR Q1' 19 LOADING
COALspot.com: South Korea state-owned utility Korea Southern Power Co. Ltd (KOSPO) issued a tender for 701,000 MT of min 5,600 kcal/kg NCV coal and ...
Friday, 14 December 18
COAL IMPORT TO BE CHECKED BY RISING DOMESTIC PRODUCTION - FINANCIAL EXPRESS
The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, ...
Thursday, 13 December 18
STRAITS AFFECTED BY TERRITORIAL DISPUTE BETWEEN SINGAPORE AND MALAYSIA - THE STANDARD CLUB
A recent territorial dispute has occurred between Singapore and Malaysia involving the Straits of Johor.
The Malaysian Attorney Gene ...
Wednesday, 12 December 18
SHIPPING MARKET INSIGHT - CHRISTOPHER WHITTY
China’s monthly iron ore imports dropped for the first time this year joined by declines in copper and soybeans as economic growth slows in t ...
Tuesday, 11 December 18
SHIPPING MARKET ANALYSIS - ALLIED
A lot of discussions have been made as to the effects of the IMO 2020 regulation on OPEX levels, investment feasibility of& ...
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- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- Chettinad Cement Corporation Ltd - India
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Vizag Seaport Private Limited - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- The University of Queensland
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
- Rashtriya Ispat Nigam Limited - India
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