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Monday, 13 August 12
ACTIVE DRY BULK FLEET INCREASES BY 8% SO FAR IN 2012 IN TERMS OF TONNAGE CAPACITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
 It’s no wonder that the dry bulk market has been tethering since the start of the year. the overflow of tonnage has been so enormous, that even China in its best of years, wouldn’t be able to keep up with the current supply dynamics. In fact, analysts have mentioned that it would take for a couple of more “Chinas” nowadays, in order for demand to catch up with the current fleet of dry bulk carriers. As of the start of the year, the global outstanding orderbook for dry bulk vessels stood at 2,375 ships, with a potential carrying capacity of approximately 200 million dwt tons. According to the latest weekly report from shipbroker Intermodal, out of the alarmingly large total of these orders, 1,677 ships of 139 million dwt were scheduled to be delivered during 2012. Under this scenario approximately 70% of the bulker orderbook was scheduled to be delivered during 2012.
With 7 months already gone by and as of 1st of Aug 2012, it is interesting to see the progress. According to Intermodal’s John Cotzias, “the active bulker fleet stands at 8,477 ships and 645mil tons of carrying capacity. During 2012 the active bulker fleet has grown by 6% in ships and 8% in total dwt. VLOC’s in 2012 have grown by 17%, Capesize 4%, Post Panamax 14%, Panamax 6%, Supramax 12%, Handymax reduced by -5% while Handysize increased by only 2%.
At the same time, Newbuilding bulker deliveries are holding strong with around 4 new ships being delivered every day (809 ships of 70mil tons dwt)!! It is worth noting that slippage (expected deliveries less actual deliveries ) was calculated at abt. 15% for the 1st Half of 2012 while it is accelerating after June, giving us a present figure of around 17%. There were 1,677 ships deliveries originally scheduled for 2012, so we could assume that if the current trend continued, there would be 1,390 ships delivered in 2012. However as the slippage rate increases and traditionally as we move towards Nov-Dec more ships are belated to take advantage of a later year of built, so we may expect that the total dry bulker deliveries for 2012 will reach a record high number of around 1,250 ships and abt. 108mil tons of extra dwt carrying capacity. Slippage therefore is estimated to reach around 23-25% for the current year” he said.
According to Intermodal, “looking into deliveries of specific bulker size segments in 2012, we have recorded 49 VLOC’s, 91 Capes, 73 Post Panamax, 168 Panamax, 226 Supramax, 13 Handymax and 189 Handysize being delivered. In 2013 the world bulker fleet will have a capacity of about 750mil tons and this is a reality that we all have to face…!” the report stated.
According to Mr. Cotzias, “there is just too much supply of tonnage that will only push further the gap between available ships for trading and available cargoes. Fleet growth for 2012 is estimated at 20%, and this increase can never be matched by seaborne dry cargo growth which may run at a mere 4-6% given best world economic conditions.
Scrapping has aided the bulker sector tremendously, as more than 21mil tons of dwt, abt 340 ships have been removed from the active fleet, this gives us around 1.6 dry bulker ships scrapped per day! Average age of the ships scrapped is now coming down to 21 years. Offered scrap prices looked rather attractive during first half of 2012 and that further assisted most owners in deciding to send more vessels to the breakers rather than seek buyers for further trading. According to our estimates abt. 500 ships of 30-31mil tons of dwt will be taken for demo during 2012 and this is approximately 6% of the active fleet. Let’s keep this scrapping going!” he concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
Friday, 03 August 12
INDIA - LIGHTS OUT! - SALVA
The Indian power sector hit global headlines this week for all the wrong reasons. Firstly, on Monday, over 350 million people lost power across nort ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Singapore Mercantile Exchange
- San Jose City I Power Corp, Philippines
- Star Paper Mills Limited - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- London Commodity Brokers - England
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Posco Energy - South Korea
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Indian Energy Exchange, India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
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