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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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Wednesday, 07 March 12
ASSESS ASIAS POTENTIAL, DEVELOPMENTS AND APPETITE FOR SHALE AT SHALE GAS SUMMIT
Press Release - Assess Asia’s Potential, Developments and Appetite for Shale at Shale Gas Summit on 23-24 Apr, 2012 in Beijing
China is rep ...
Wednesday, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
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- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Antam Resourcindo - Indonesia
- Uttam Galva Steels Limited - India
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- PTC India Limited - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Australian Coal Association
- CNBM International Corporation - China
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- PNOC Exploration Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Port Waratah Coal Services - Australia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Renaissance Capital - South Africa
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