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Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvious that at least until the Chinese market reopens in a couple of weeks (when the Lunar Year Holidays end), things won’t be much different. Yesterday, it was the Supramax’s sector turn to post the most losses, with the relative Baltic Exchange’s Index, the BSI losing 2.46%.
But maybe the most fearful factor coming into play for the dry bulk market is the so talked about tonnage oversupply. According to a recent report from N.Cotzias Shipping Group, the current dry bulk fleet numbers 23,600 ships 614.3mil tons carrying capacity measured in dwt. “There are 3693 ships that are awaiting to be constructed and delivered up until 2014. These new ships will increase the tonnage in terms of carrying capacity by 29% adding 255mil tons of extra dwt. In 2011 we expect 16% or 139mil tons to be delivered and that includes all 2010 slippages. 2012 we expect another 10% or 87mil tons to fall in the active fleet while in 2013 and 2014 only 30mil tons will be added” Cotzias said.
Meanwhile, in the tanker sector, the current fleet is consisted of 12,250 ships of 516.6mil tons dwt. There are 1200 ships that are on order while their total capacity is estimated to be more than 113 mil tons and that is 18% of the current active fleet’s capacity. These new orders are expected to be delivered as follows: 8% or 53mil tons in 2011 included 2010 slippages, 6% in 2012 or 38mil tons, and the remaining 22mil tons or 4% in 2013-2014.
“In the Container market we have 4900 ships active of 159mil tons Gross Tonnage or 14.1mil TEU and we have 590 ships on order of a total of 42.2mil GT, or another 3.85mil TEU of extra carrying capacity. That is a potential 21% increase in the Container carrying ability that is set to happen until 2014. The overall increase will occur 8% or 16.2mil tons GT in 2011 included the 2010 slippages, another 8% in 2012 or an extra 17mil tons gross, 4% increase in 2013 or 7mil tons GT and only 1% in 2014 or 1.7mil tons.
It seems that all sectors are not going to suffer that dramatically from overcapacity. However it is prudent to note that a great deal of capacity increase happened in 2010 already. We had a total of more than 3000 ships reported as delivered during the past year. That is a phenomenally large number. Of these 1200 were Bulkers and General Cargo ships of 76mil tons extra dwt. 650 Tankers including Products and Chemical tankers ships of a total of 42mil tons of dwt were also launched during 2010. In addition 260 container ships of 14.8mil tons GT or 1.4mil TEU were added in 2010. We can make an accurate estimate that the Bulker and Gen. Cargo fleet grew by 14% in 2010 while the tanker fleet grew by 9% and the Container fleet by a mere less 8%” mentioned the shipbroker.
Of course, demand will also play a major role when it comes to sustaining such a large fleet of vessels. As per the World Economic outlook update that was published by the IMF just a week ago, the two-speed recovery continues. In advanced economies, activity has moderated less than expected, but growth remains subdued, unemployment is still high, and renewed stresses in the euro area periphery are contributing to downside risks. In many emerging economies, activity remains buoyant, inflation pressures are emerging, and there are now some signs of overheating, driven in part by strong capital inflows.
Most developing countries, particularly in sub-Saharan Africa, are also growing strongly. Global output is projected to expand by 4½ percent in 2011 an upward revision of about ¼ percentage point relative to the October 2010 World Economic Outlook (WEO). This reflects stronger-than-expected activity in the second half of 2010 as well as new policy initiatives in the United States that will boost activity this year. But downside risks to the recovery remain elevated. The most urgent requirements for robust recovery are comprehensive and rapid actions to overcome sovereign and financial troubles in the euro area and policies to redress fiscal imbalances and to repair and reform financial systems in advanced economies more generally. These need to be complemented with policies that keep overheating pressures in check and facilitate external rebalancing in key emerging economies.
“It is impossible to make any forecasts, We see that world events political or simply acts of god, alter the map or trade and tilt the economic scales that dictate world cargo movements. Suez canal blockage may disrupt shipping lines, no-one knows if such a possibility may occur however if that happens then the CGH will once more see a great deal of traffic through it with price of oil rising to the sky and possibly boosting freight rates to crazy figures. However we should stress that due to high costs imposed by the Suez Canal Authorities and the evergrowing Piracy threats in the GOA area are seriously bringing down canal traffic and as such the effects of a canal closure might prove to be a lot less detrimental on worldwide shipping than initially thought” concluded Cotzias.
Source: Nikos Roussanoglou, Hellenic Shipping
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Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...
Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...
Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...
Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points.
In May 2010 the BDI touched 4,209 ...
Saturday, 29 January 11
ANTAM ACQUIRES SAROLANGUN COAL MINING
According to Insider Stories, Nickel and gold miner PT Aneka Tambang Tbk (Antam) of Indonesia via its subsidiary PT Indonesia Coal Resources (ICR) h ...
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- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- London Commodity Brokers - England
- Economic Council, Georgia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Interocean Group of Companies - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
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