We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
 “Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since early 2012 and is up 2% year-to-date,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
Shipyards’ global order book currently stands at 133m Compensated Gross Tonnage (CGT), an increase of 56m CGT compared to the order book’s most recent low in late 2020. LNG and container ships have accounted for respectively 35% and 30% of the increase while bulk carriers, tankers and LPG have accounted for the rest.
The order book for container ships, however, peaked during the first quarter of 2023 and has fallen since. Year-to-date, the container ship order book has fallen 16%, deviating from the overall growth trend together with the bulk carrier order book which is down 3%.
“So far this year, the tanker and LNG segments combined have been the main drivers of growth in the global order book. In addition, the LPG tanker, cruise ship, chemical tanker and RoRo ship order books have seen double digit growth,” says Rasmussen.
Between 2010 and 2020, the shipyard industry was plagued by overcapacity. Therefore, prices only varied +/- 10% from the period’s median price.
Assuming that the available shipyard capacity in a year equals the maximum delivered in the past five years, we can illustrate both the past overcapacity and how the situation has improved.
Between 2010 and 2020, the median order book vs capacity ratio was 2.2, declining to 1.7 during the second half of 2017. Since then, the ratio has climbed from 2.1 in late 2020 to 3.7 currently, the highest since 2010.
This improvement has helped fuel the price increases. The 53% price increase in just 3.5 years may seem dramatic but it is worth remembering that the average annual price increase between 2010 and 2024 has only been 2.3% even though manufacturing wages in China have more than tripled.
“Looking ahead, the need to start replacing the large generations of ships built in the 2000s, as well as the need to decarbonise, appear to bode well for future contracting. Avoiding a massive build-up of shipyard capacity like in 2000s will be critical if shipyards are to avoid a rise in overcapacity and a scenario where prices fall back to the levels seen in the 2010s,” says Rasmussen.
Source: By Niels Rasmussen, Chief Shipping Analyst at BIMCO
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
|
|
|
Showing 41 to 45 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Parliament of New Zealand
- Videocon Industries ltd - India
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
|
| |
| |
|
