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Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
 Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to continue hitting dry bulk shipowners hard.
Tonnage supply hit a massive 605 million dwt at the end of 2011, an increase of 15.2%, which is even more impressive considering 19 million dwt was removed in the same period. With rates suffering under current market conditions Drewry’s forecast for the fleet hitting 684 million dwt by the end of 2012 and 765 million dwt by the end of 2016 signals daunting prospects for the future.
The near future will play heavily on supply-side fundamentals, as ships continue to hit the water at a very fast pace. Given the colossal delivery schedule and slippage from previous years, deliveries in 2012 are forecast to increase further to 97.6 million dwt. The largest increase in deliveries is foreseen in the VLOC segment, where a total of 16.5 million dwt of tonnage will hit the water compared with only 8.9 million dwt in 2011. In light of China’s recent ban on such vessels, this could mean further headaches for owners.
Demolition in this over-supplied market totalled 19.1 mdwt in 2011, nearly quadruple that of the preceding year, as the ailing hire market forced owners to retire older ships. 2012 levels are forecast to reach almost the same as 2011 due to the declining average demolition age of vessels. However the Capesize segment is set to see a decline in demolition levels as most of the obsolete vessels were already demolished in 2011. In the longer forecast period all demolitions are expected to decline, to total 10.6 mdwt in 2016.
Shalini Shekhawat, a dry bulk analyst at Drewry stated, “It’s not all bad news for the sector as Drewry forecasts a 4% growth in trade for 2012, increasing yearly to a rate of 5.8% come 2016, which considering growth stood at less than 1% in 2011 is a boost for the market . Coupled with an orderbook that has been shrinking since February 2009, when it sat at 295 million dwt, there are glimmers of hope that the serious issue of over supply can start to be addressed.”
Source: Drewry
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Friday, 04 May 12
DEMOLITION KEY FOR DRY BULK MARKET RECOVERY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The overflow of newbuilding vessels which “spilled over” into 2012 from 2011 brought the dry bulk market to a near collapse level at the ...
Thursday, 03 May 12
DRY BULK MARKET REMAINS INACTIVE, POSTING MILD DECREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept retreating this week, although at a very low pace, on the back of a lull in demand. The industry's benchmark, th ...
Thursday, 03 May 12
MINERS DEMAND LEGAL CERTAINTY ON PRE-BAN INTERIM POLICY - THE JAKARTA POST
The Jakarta Post reported that, Mining companies represented by the Indonesian Mining Association (IMA) welcomed the government’s plan to impo ...
Thursday, 03 May 12
HANDY EAST COAST INDIA - CHINA AROUND USD 7000 - FEARNLEYS AS
Handy - Stable demand in the Atlantic offered good rates for the tonnage.
USG/Cont was worth USD 17500 and more. Baltic and Black Sea appeared to ...
Wednesday, 02 May 12
CHINA BLACKOUTS HIGHLIGHT PRICING POLICY WEAKNESS - FITCH
Fitch reported that, the likelihood of further electricity blackouts in China this summer underlines Fitch's view of the basic problem f ...
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- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Banpu Public Company Limited - Thailand
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- ASAPP Information Group - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Indonesian Coal Mining Association
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Energy Development Corp, Philippines
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Mintek Dendrill Indonesia
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
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