We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 02 March 23
DRY BULK MARKET: THE WAY CHINA GOES, SO GOES THE MARKET - BIMCO
 We expect demand growth within the 1.5-2.5% range in 2023, driven by China’s economic recovery. Improvements in consumer sentiment should help solve the country’s real estate crisis and boost bulk demand.
However, demand growth could weaken to 1-2% in 2024 due to an expected reduction in coal shipments. Import demand should fall as India and China continue to boost domestic mining and Europe transitions away from fossil fuels.
The International Monetary Fund (IMF) estimates global economic growth of 2.9% in 2023 and 3.1% in 2024. The Chinese economy is now estimated to grow by 5.2% in 2023, a 0.8 percentage point increase over the IMF’s previous forecast.
The dry bulk fleet is forecast to grow by 2.7% in 2023 and by 2.0% in 2024. Deliveries remain limited amid a small orderbook at 7.5% of the fleet.
Supply is estimated to grow by 0.5-1.5% less than the fleet in 2023 and 2024 due to lower speeds caused by compliance with EEXI and CII regulations.
The supply/demand balance should improve in 2023, although risks will remain in 2024. We expect rates to start recovering as demand picks up in China.
Capesizes should benefit from a recovery in iron ore demand, while panamax ships are most exposed to a drop in coal shipments.
We expect freight rates to improve from the second half of 2023 onwards as a pick-up in demand in China drives an improvement in the supply/demand balance. Even though we expect demand growth to slow in 2024 as Europe cuts coal shipments and import demand from India and China stabilises, supply is still expected to grow at a slower pace and market conditions may still improve marginally. The bulk carrier fleet should grow by 2.7% in 2023 and by 2.0% in 2024 amid limited deliveries. Additionally, we expect environmental regulations to reduce supply growth by 0.5-1.5% as sailing speeds fall. Overall, supply is expected to increase by 1-2% in 2023 and by 0.5- 1.5% in 2024, while demand growth is predicted at 1.5-2.5% in 2023 and 1-2% in 2024. The expected recovery in iron ore shipments should result in a welcome rebound in capesize market conditions that have suffered from the low iron ore volumes throughout 2022. Conversely, the expected loss of coal shipments in 2024 could be a cause for concern for panamax ships since coal accounts for over half of their volume. The predicted improvement in the overall supply/demand balance is quite marginal as demand will outpace supply by only 0.5 pp in both 2023 and 2024. As such, the improvement is still vulnerable to a variety of risks that could still affect the demand outlook for 2023 and 2024. A slower-than-anticipated economic recovery in China or a delayed resolution of the real estate crisis could have a direct and significant impact on demand, thus impacting overall conditions for the dry bulk market.
Source: BIMCO
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 02 January 23
CHINA’S COAL CONSUMPTION TO PEAK BY 2035: REPORT - REUTERS
China’s primary energy consumption is likely to peak at nearly 6.03 billion tonnes of standard coal between 2030 and 2035, refining giant Chi ...
Thursday, 29 December 22
INDIA'S COAL DEMAND LIKELY TO PEAK BETWEEN 2030-2035: MINISTER - ANI
The demand for coal in India will continue and is likely to peak between 2030-2035, Union Minister of Coal, Mines, and Parliamentary Affairs Pralha ...
Thursday, 29 December 22
RIO TINTO AND PARTNERS COULD RECEIVE AS MUCH AS $450M IN GOVERNMENT COMPENSATION FOR COAL PRICE CAP - THE GUARDIAN
Compensation payments for the Gladstone power plant remain the sticking point in the federal government’s coal price cap compensation negotia ...
Wednesday, 28 December 22
MARKET INSIGHT - INTERMODAL
The United Nations Conference on Trade and Development (UNCTAD) published a Global Trade Update on December 13th highlighting that global trade wou ...
Thursday, 22 December 22
RUSSIAN OIL EXPORTS CRATER BY 54% IN THE FIRST FULL WEEK OF THE EU'S EMBARGO AMID A SHORTAGE OF TANKERS WILLING TO CARRY CARGOES - BUSINESS INSIDER
Since the European Union imposed its seaborne crude sanctions, Russian oil exports have tumbled by more than half, according to data compiled by Bl ...
|
|
|
Showing 156 to 160 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Uttam Galva Steels Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
|
| |
| |
|
