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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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Sunday, 19 February 12
THE SPOT FIXTURE RATES WERE REPORTED AT HIGH LEVELS - VISTAAR
COALspot.com - "The markets seems to holding back this week appears the momentum which picked up last week may slow down" - Capt. Reddy of ...
Sunday, 19 February 12
INDIKA ACQUIRES MULTI TAMBANGJAYA - INSIDER STORIES
Insider Stories reported that, PT Indika Energy Tbk (INDY) announced that wholly-owned subsidiaries have signed a conditional sale and purchase agre ...
Friday, 17 February 12
COLOMBIA COAL PRODUCTION, EXPORTS JUMP IN 2011: GOVT - COLOMBIA REPORTS
Colombia Reports reported that, colombia's coal production jumped 15.4% in 2011 to 85.8 million tonnes versus the previous year while exports rose ...
Thursday, 16 February 12
GEARING UP FOR THE EMERGING OIL & GAS OPPORTUNITIES IN MYANMAR
Press Release - Myanmar Ministry of Energy and Centre for Management Technology (CMT) to Co-host MOGP (Myanmar Oil, Gas & Power) Summit on 28 - ...
Wednesday, 15 February 12
HBA FOR FEB 2012, CLIMBS 2.09 PERCENT AND REACHED US$ 111.58 PER TON
COALspot.com - The Indonesian coal reference price for February climbs 2.09 percent to US$111.58 per ton after losing past three months. ...
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- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Planning Commission, India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- PTC India Limited - India
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Merrill Lynch Commodities Europe
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- The University of Queensland
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- ICICI Bank Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Australian Coal Association
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Binh Thuan Hamico - Vietnam
- Chettinad Cement Corporation Ltd - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Eastern Energy - Thailand
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