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Saturday, 08 January 11
DIFFICULT YEAR FOR SHIPPING - TRANSPORT WEEKLY
 Transport Weekly reported that, Shipping Corporation of India (SCI) chairman Sabyasachi Hajara says 2011 will be a difficult year because an excess tonnage supply will depress freight rates, according to the Shipping Gazette. In an interview with India's Business Line, Mr Hajara said 2010 was a record year for delivery of new ships and 2011 will be closely following that, and thereafter it will drop.
On the demand side, there will be growth despite the financial difficulties in the euro region and in the US," he said.
BRIC countries (Brazil, Russia, India and China) are growing well, and that will drive the trade, he said. Because of that demand for tonnage is expected to grow at a decent pace in 2011, but the impact of excess supply of ships is expected to continue till early 2012, Mr Hazara said.
Thereafter, there will be a reasonable chance for a decent revival in rates. This is because 2009 was a historic low for new ship orders and therefore delivery of new ships will be very limited in 2012. But the growth in demand will continue following the expected global economic recovery. So, there will be demand supply equilibrium by 2012.
The container trade did much better in 2010 than in 2009 because of the self-discipline imposed by the large carriers, which laid up part of their tonnage to remedy the demand-supply mismatch.
As the global economy recovers, trade volume will go up. This should fuel growth in container volumes. "We should see nine per cent growth in volumes in 2011. Overall, the container scenario will remain good."
Mr Hazara said the growth in India's shipping industry has been really commendable. For an Indian shipowner deployment of ships will not be a problem. But the margins for Indian shipping companies, like their counterparts in other countries, will come under tremendous pressure, at least till the beginning of 2012.
Mr Hazara said there will be demand growth in all segments. Coal is going to be a big story in India. The demand for thermal coal is expected to go up to 200 million tonnes by 2013 from 80 million tonnes now. Demand for coking coal also is expected to double in the two-three years.
With steel mills expanding, coal imports will go up. Imports by Steel Authority of India (SAIL) are expected to rise from 12 million tonnes to 24-30 million tonnes in the next two-three years.
In the oil sector, India is going to depend more on imported crude, with imports expected to go up from the present level of 80 per cent to 90 per cent in the next five to seven years.
Source: Transport Weekly / Hellenic Shipping
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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 ...
Wednesday, 31 January 24
GAS EXPORTS COST U.S. CONSUMERS MORE THAN $100 BILLION OVER 16-MONTH PERIOD - IEEFA
Limited Demand Growth Could Dampen the Dry Bulk Market in the Coming Months BIMCOStarting in late 2021—before its invasion of Ukraine—R ...
Tuesday, 30 January 24
LIMITED DEMAND GROWTH COULD DAMPEN THE DRY BULK MARKET IN THE COMING MONTHS - BIMCO
Demand
In our base scenario, we expect cargo demand to grow by 0-1% in 2024 and 0.5-1.5% in 2025. This is a 0.5 percentage point reduction for ...
Friday, 26 January 24
RED SEA DIVERSIONS ADD NEARLY A MILLION DOLLARS PER VOYAGE TO SHIPPING COSTS WHILE DOUBLING TRANSIT TIME - LSEG
The incremental costs of diverting a tanker from Asia to NW Europe via the Cape of Good Hope is accounting for an extra $932,905 USD per voyage whi ...
Friday, 26 January 24
HARD COAL GUARDIAN ANGEL OF THE ENERGY SUPPLY - GERMANY COAL IMPORTERS ASSOCIATION
- No security of supply without hard coal
- The Substitute Power Plant Provision Act (EKBG) must be extended
- Higher grid fees due to the ...
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- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- The University of Queensland
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Jindal Steel & Power Ltd - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- White Energy Company Limited
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Bhatia International Limited - India
- VISA Power Limited - India
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Australian Coal Association
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
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