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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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Sunday, 18 November 18
COAL STOCKS IN A THIRD OF NTPC PLANTS CLOSE TO NIL - FINANCIAL EXPRESS
Coal supply shortage continues to haunt NTPC, the country’s largest power generator, with latest government data showing 31% of the company&r ...
Thursday, 15 November 18
OIL MARKET REPORT: HEEDING THE WARNINGS - IEA
In last month’s Report, we noted that since the middle of the year oil supply had increased sharply, with gains in the Middle East, Russia an ...
Wednesday, 14 November 18
BIMCO ADOPTS 2020 BUNKER CLAUSES
BIMCO has developed two 2020 bunker clauses that deal with general compliance and the transitional period for an early December release.
...
Wednesday, 14 November 18
SHIPPING MARKET INSIGHT - KONSTANTINOS KONTOMICHIS
The shipping industry is going through an interesting period across all markets. Since the end of last year, the Dry Baltic Index has been showing ...
Tuesday, 13 November 18
INDIA: POWER DEMAND UP; COAL STOCKS AT MINES AT A 5-YEAR LOW - FINANCIAL EXPRESS
Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power ...
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- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Mines - Canada
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- Latin American Coal - Colombia
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
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