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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, 18 November 11
MMTC SEEKS 1.365 MMT OF IMPORTED COAL
COALspot.com - India's MMTC, the largest trading company of India and a major trading company of Asia, has issued a term supply tender for 1.365Mt ...
Friday, 18 November 11
KPC, ARUTMIN OUTPUT REACHED 47.1 MIO TONS - INSIDER STORIES
PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia, reported 47.1 million tons of coal production in 9M 2011, according to Indiser Stories.
Insi ...
Friday, 18 November 11
THE ATLANTIC SUPRAMAX MARKET EXPERIENCED A STEADY AND FIRM TENDENCY
Handy
The Atlantic Supramax market experienced a steady and firm tendency this week. Especially the North Atlantic and Mediterranean position ...
Friday, 18 November 11
BERAU COAL 9M PROFIT SOARS 194.46% - INSIDER STORIES
Insider Stories reported that, PT Berau Coal Energy Tbk (BRAU), which is 84.7% owned by Bumi Plc, reported a 194.46% jump in net profit by end of Se ...
Thursday, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
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Showing 4971 to 4975 news of total 6871 |
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- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Singapore Mercantile Exchange
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Pendopo Energi Batubara - Indonesia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Global Business Power Corporation, Philippines
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Georgia Ports Authority, United States
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- AsiaOL BioFuels Corp., Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Australian Coal Association
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
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