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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as newbuilding deliveries increase, BIMCO said in its latest report.
According to Niels Rasmussen, Chief Shipping Analyst of BIMCO, driven by increasing sailing distances product tanker demand is also expected to grow faster than supply in 2024 but slower in 2025 as ships return to normal routings. A tightening supply/demand balance should result in increases in rates and prices in both market in 2024 but could weaken in 2025, especially in the product tanker sector.
Demand
The report further noted that, the IMF estimates that the global economy will grow 3.2% in 2024 and 3.3% in 2025. Growth is slowing in key countries such as the US, China and India. The IEA estimates that crude supply will grow 0.3 mbpd in 2024 and 1.5 mbpd in 2025. Mainly US, Brazil and Guyana will increase supply.
The IEA expects, the report says, an oil demand increase of 1.0 mbpd in both 2024 and 2025. Demand continues to grow mainly in Asia while demand in OECD countries has stagnated.
We have assumed that Red Sea rerouting may last throughout 2024. Longer sailing distances are therefore estimated to drive 100% of 2024 demand increases, Niels Rasmussen, Chief Shipping Analyst of BIMCO says in its report.
Supply
commenting on supply, the report says, the crude tanker fleet is estimated to grow 0.5% in 2024 and 1.2% in 2025 as the order book remains small.
Product tanker fleet growth is expected to be 1.6% in 2024 but increase to 4.8% in 2025 as deliveries of ships contracted in 2023 begin.
predicted weakening of product tanker fundamentals are expected to lower sailing speed in 2025. In 2024, sailing speed will not impact supply growth, the latest report of BIMCO says.
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Thursday, 25 January 24
RED SEA SHIPPING DISRUPTIONS KEEP GEOPOLITICAL PREMIUM FOR COMMODITIES - FITCH RATINGS
Shipping disruptions and re-routing away from the Red Sea will maintain the geopolitical premium in the main commodity markets, including for oil a ...
Friday, 19 January 24
INDONESIA TARGETS 710 MLN METRIC TONS COAL OUTPUT IN 2024 AFTER RECORD 2023 - REUTERS
Indonesia, a major thermal coal exporter, aims to produce 710 million metric tons of coal in 2024, its mining minister said on Monday, after postin ...
Friday, 19 January 24
DRUMMOND COLOMBIA COAL OUTPUT ROSE 7.1% IN 2023 - REUTERS
Coal production from miner Drummond’s Colombia operations rose 7.1% in 2023 to 29.5 million metric tons, while exports declined by 2.6% to 27 ...
Friday, 19 January 24
CHINA'S 2023 COAL OUTPUT HITS RECORD HIGH - REUTERS
China’s coal output reached a record high in 2023, data from the statistics bureau showed on Wednesday, amid an ongoing focus on energy secur ...
Monday, 08 January 24
KOSPO TO BUY 80000 MT OF INDONESIAN LOW CALORIFIC VALUE COAL FOR FEB 2024
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for the supply of Indonesian Low Calorific Value Coal from qualified suppliers for Korean ...
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Showing 51 to 55 news of total 6871 |
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- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Minerals Council of Australia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Mintek Dendrill Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Karaikal Port Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
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