We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
Monday, 27 February 12
INDONESIAN COAL EXPORTS TO CHINA DROPS 39.76 PERCENT IN JANUARY 2012
COALspot.com: Indonesia, the world largest coal exporter, shipped 28.21* mln mt of coal in January 2012, slightly lower than its December 2011 ...
|
|
|
Showing 4831 to 4835 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Central Java Power - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Minerals Council of Australia
- PowerSource Philippines DevCo
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- GAC Shipping (India) Pvt Ltd
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Sojitz Corporation - Japan
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
|
| |
| |
|
