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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, 11 December 18
PORT OF NEWCASTLE SHIPPED 10.849 MMT OF COAL IN NOVEMBER DOWN 23.44 PERCENT MOM
COALspot.com: The Port of Newcastle, Australia’s major trading port and the world’s largest coal export port has shipped A$ 1,574.8 mil ...
Thursday, 06 December 18
IN THE EAST, BIGGER SUPRA WAS FIXED CA US$ 10K FOR INDO-CHINA COAL ROUND - FEARNLEYS
Capesize
There is cautious optimism for the Capes, with healthier volumes and improving rates in the Pacific. West Australia round is gradually ...
Thursday, 06 December 18
U.S. COAL CONSUMPTION IN 2018 EXPECTED TO BE THE LOWEST IN 39 YEARS - EIA
EIA expects total U.S. coal consumption in 2018 to fall to 691 million short tons (MMst), a 4% decline from 2017 and the lowest level since 1979. U ...
Thursday, 06 December 18
DEMAND RISKS WEIGH ON GLOBAL SHIPPING SECTOR OUTLOOK - FITCH RATINGS
The global shipping sector outlook remains negative reflecting the demand-side risks of protectionism and slower economic growth, Fitch Ratings say ...
Thursday, 06 December 18
CHINA REVISES MANAGEMENT RULES ON ESTABLISHMENT OF FULLY FOREIGN-OWNED SHIPPING BUSINESSES - XINHUA
Foreign shipping companies will find it easier to establish wholly-owned subsidiaries in China thanks to a revised regulation due to take effect on ...
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Showing 1536 to 1540 news of total 6871 |
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- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Interocean Group of Companies - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- White Energy Company Limited
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