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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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- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Vedanta Resources Plc - India
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- The University of Queensland
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Minerals Council of Australia
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- GMR Energy Limited - India
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Chettinad Cement Corporation Ltd - India
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Independent Power Producers Association of India
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Bukit Asam (Persero) Tbk - Indonesia
- Singapore Mercantile Exchange
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