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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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Wednesday, 05 December 18
WORLD COAL PRICES FALL, WITH INDONESIA BENCHMARK FOR DECEMBER, ENDING AT LOWEST SINCE JUNE 2018
COALspot.com: The Ministry of Energy and Mineral Resources of the Republic of Indonesia has revised down the benchmark price of Indonesian thermal ...
Wednesday, 05 December 18
SHIPPING MARKET INSIGHT - GIANNIS ANDRITSOPOULOS
Is the rise in crude carrier rates driven only by seasonality, or is the recent positive reversal signaling the end of challenging days for the mar ...
Monday, 03 December 18
WCA'S ENGAGEMENT AT COP24 IN KATOWICE - WCA
The 24th Conference of the Parties (COP) to the UN Framework Convention on Climate Change (UNFCCC) will take place from the 2-14 December 2018 in K ...
Monday, 03 December 18
SUPRAMAX: FIXED DELIVERY KALIMANTAN TO WEST COAST INDIA, AT $11000 - THE BALTIC BRIEFING
Capesize
A roller-coaster week for the big ships with hopes soaring at the start for a mini last quarter revival, only to be dashed as the week ...
Sunday, 02 December 18
TRADE WAR LEADING TO HEADWINDS FOR THE FRAGILE DRY BULK RECOVERY - PETER SAND, BIMCO
The first twelve weeks of the 2018/19 marketing year, which started on 1 September 2018, have painted a dire picture for US soya bean exports which ...
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- Simpson Spence & Young - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
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- Tata Chemicals Ltd - India
- Minerals Council of Australia
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- Parliament of New Zealand
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- Ambuja Cements Ltd - India
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- Siam City Cement PLC, Thailand
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- Ministry of Transport, Egypt
- Eastern Coal Council - USA
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- Planning Commission, India
- Bharathi Cement Corporation - India
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- Alfred C Toepfer International GmbH - Germany
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- Samtan Co., Ltd - South Korea
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- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- India Bulls Power Limited - India
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- Eastern Energy - Thailand
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Price Waterhouse Coopers - Russia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- White Energy Company Limited
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
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- Carbofer General Trading SA - India
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
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