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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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Saturday, 24 December 11
CHINAS LEVEL OF GROWTH TO DETERMINE COURSE OF DRY BULK MARKET IN 2012 SAYS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest report, shipbroker Intermodal attempted to find a silver lining in the tough year that was 2011, as well as what one could expect from ...
Friday, 23 December 11
SPOT PACIFIC CAPESIZE VESSELS HAVE COMMANDED HIGH PREMIUMS - FEARNLEYS
Handy
Rates in the Atlantic kept stable from last week, with a touch of negativity closer to the end. Less spot cargoes seen, and owners are ...
Friday, 23 December 11
CONTENTIOUS ISSUES IN CONTRACT RENEGOTIATION - THE JAKARTA POST
The government has been renegotiating mining contracts, especially those 30-40 years old, with almost all mining companies, including PT Freeport In ...
Friday, 23 December 11
LANCO JOINS HANDS WITH BUKIT ASAM FOR INDONESIAN POWER PROJECT
COALspot.com - PT Tambang Batubara Bukit Asam, Indonesia's state owned coal miner and Indian based Lanco Infratech Ltd plans to build steam power p ...
Thursday, 22 December 11
RI WILL NOT PLAY CATCH-UP WITH GLOBAL COAL DEMAND - THE JAKARTA POST
The Jakarta Post reported that, the International Energy Agency (IEA) has predicted in its Coal Market Report 2011 that over the next five years, gl ...
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Showing 4916 to 4920 news of total 6871 |
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- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Iligan Light & Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Kapuas Tunggal Persada - Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Eastern Coal Council - USA
- The University of Queensland
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Manunggal Multi Energi - Indonesia
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- ICICI Bank Limited - India
- Interocean Group of Companies - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Simpson Spence & Young - Indonesia
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Bhatia International Limited - India
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Chamber of Mines of South Africa
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- SN Aboitiz Power Inc, Philippines
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Parry Sugars Refinery, India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
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