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Friday, 30 March 12
RECOND NUMBERS SURROUNDING THE SUPRAMAX DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 Last year proved to be both a record year in the number of deliveries of dry bulkers between 40,000dwt and 64,000dwt, as well as a record year in the percentage of cancellations and delays witnessed. According to a recent report from shipbroker Intermodal, "at the same time for 2012 we have already seen around 53 vessels being delivered so far, while another 437 are scheduled for delivery till the end of the year. This is the majority of the current orderbook accounting for just over 72 percent of its total.
With the overcapacity issue having already made its presence felt in the first two months of 2012, it is anticipated that the percentage of orders being delayed or cancelled is likely to accelerate this year, greatly outpacing what was seen in 2011. However even taking a modest approach, whereby expecting an equal rate of cancellations and delays as last year, at least 140 of the vessels scheduled for delivery for 2012, are unlikely to have entered the water by the end of the year.
"Simultaneously, there has been a growing interest in the new Ultramax designs, were we have already seen 9 vessels delivered in 2010, 20 in 2011 and another 4 this year so far. With many owners now unwilling to further add to the growing overcapacity problem, new orders this year have mainly focused on designs that offer any cost advantage when compared to the already in service fleet. These new Ultramax designs have offered much improvement in fuel efficiency while adding further cargo capacity when compared to the typical supramax designs" said Intermodal’s George Dimitriadis.
He concluded by mentioning that “few owners however, seem convinced of the benefits they will bring and even more that they will not be much better off than the rest of the fleet in period of poor freight market conditions. The truth is that, parcel sizes are unlikely to change that soon to accommodate the larger carrying capacity, while on the fuel efficiency part it seems as though the difference in consumption is relatively small, while with the ever increasing bunker prices, we are likely to see newer designs offering much higher fuel economy” said Dimitriadis.
In a separate report from Intermodal, George Eliades examined the latest data from China. He said that “with recent estimates putting Chinese growth below the levels originally hoped for, the shipping markets have started to feel the strain. Having said that growth levels are still more bullish then what has been witnessed lately in the commodities market, while the China’s economic policy priority has remained to maintain relatively fast growth. The question that has arisen these past months is as to what extent Beijing is willing to guard against inflation risks in favour of measure to push for faster growth.
China’s reforms to rebalance its economy have gone way beyond the housing sector and will continue to be targeted towards achieving relatively fast growth and stable prices that should help total trade maintain double digit growth this year, according to a recent speech given by Vice Premier Li Keqiang. "We will make policies more targeted, flexible and forward-looking to maintain relatively fast economic growth and keep price levels basically stable," he said in a speech at an economic policy conference. Li said that there were some encouraging signs emerging about the pace of global economic recovery, and forecast that China's total trade would top $10 trillion in the five years 2011-2015, but added that the outlook was not certain, with efforts to resolve Europe's debt crisis still evolving.
How does this translate for the shipping sector? “Well fears of a slowdown in China’s growth coupled with the poor performance of the US and European economies has already been well reflected in the dry commodities trade. Overall it has proven to be a slow start to the year. At the same time one must take into consideration that the market has fared considerably well if one takes into account the fact that we are undergoing a considerable increase in the number of vessels, while the intense stockpiling that went on before the start of the New year has led to a below average demand for cargoes in the first quarter. Having said that, with China’s policies now directly set to boost its trade growth, America showing signs of a slow but steady recovery and Europe looking to have smoothed out most of its major sovereign debt problems, dry bulk trade could start to pick up once again over the next quarter and although the oversupply issue continues, a more positive outlook maybe in the works after all” concluded Eliades.
Source: Nikos Roussanoglou, Hellenic Shipping
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Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable ...
Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8 ...
Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Mini ...
Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entitie ...
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 ...
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- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Indika Energy - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Renaissance Capital - South Africa
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Dalmia Cement Bharat India
- Xindia Steels Limited - India
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- The University of Queensland
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Aditya Birla Group - India
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Economic Council, Georgia
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