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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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Tuesday, 10 January 12
THE 4TH DEEPWATER ASIA CONGRESS 2012 WILL KICK OFF ON MAY 23 - 25
Press release - Based on the past three years’ success, SZ & W Group is excited to announce the 4th Deepwater Asia Congress will be held o ...
Monday, 09 January 12
2012: WHAT WILL IT BRING FOR THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A further increase in dry bulk demand could be the remedy for most of the industry's oversupply issues, together of course with the high level of s ...
Sunday, 08 January 12
ICICI OUTLOOK ON INDIAN POWER, MINING,CEMENT, AND SHIPPING SECTORS PERFORMANCE IN 2012
Broking firm, ICICIdirect (India) has come out with report on sectors outlook for 2012. IRIS has collated key highlights for each sector from ...
Sunday, 08 January 12
SUPRAMAX DELIVERY SOUTH CHINA FOR TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7000 PER DAY - VISTAAR
Wish You a Very Happy and Prosperous New year 2012.
COALspot.com - The last report by us was on 16th Dec 2011 and because of holidays this would ...
Sunday, 08 January 12
THARPAK CONSORTIUM FORMED TO DEVELOP MEGA ENERGY COMPLEX IN SINDH PROVINCE, PAKISTAN
Press Release: On January 5th, TharPak, LLC met with officials of the Embassy of Pakistan in Washington DC to introduce and announce the formation o ...
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- Bukit Asam (Persero) Tbk - Indonesia
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Indian Oil Corporation Limited
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- Australian Coal Association
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- White Energy Company Limited
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Planning Commission, India
- Malabar Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Maheswari Brothers Coal Limited - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- SMG Consultants - Indonesia
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
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