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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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Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
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Showing 31 to 35 news of total 6871 |
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- Planning Commission, India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Deloitte Consulting - India
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- MS Steel International - UAE
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Barasentosa Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Australian Coal Association
- CNBM International Corporation - China
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Thiess Contractors Indonesia
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