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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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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
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Showing 21 to 25 news of total 6871 |
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- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Kepco SPC Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Australian Coal Association
- Independent Power Producers Association of India
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- SMC Global Power, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
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