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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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Tuesday, 10 January 12
THE 4TH DEEPWATER ASIA CONGRESS 2012 WILL KICK OFF ON MAY 23 - 25
Press release - Based on the past three years’ success, SZ & W Group is excited to announce the 4th Deepwater Asia Congress will be held o ...
Monday, 09 January 12
2012: WHAT WILL IT BRING FOR THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A further increase in dry bulk demand could be the remedy for most of the industry's oversupply issues, together of course with the high level of s ...
Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ...
Sunday, 08 January 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7000 PER DAY - VISTAAR
Wish You a Very Happy and Prosperous New year 2012.
COALspot.com - The last report by us was on 16th Dec 2011 and because of holidays this would ...
Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
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- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Port Waratah Coal Services - Australia
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- The University of Queensland
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Authority, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- PNOC Exploration Corporation - Philippines
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Aditya Birla Group - India
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
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