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Tuesday, 14 August 12
UNCERTAIN FUTURE FOR DRY BULK PANAMAX SHIPS - DREWRY / HELLENIC SHIPPING
The dry bulk shipping market is in a poor state, with the Capesize segment the worst of all. Unfortunately, the latest analysis from Drewry Maritime Research’s Dry Bulk Forecaster indicates that sub Capesize sectors which have hitherto performed better than Capes are now facing an equally uncertain future.Demand for Panamax ships improved over the 2nd quarter 2012, primarily due to an increase in grain volumes and Asian coal imports. Significant increases in vessel demand on the transatlantic grain route employed a sizeable fleet of Panamax vessels, leading to an improvement in earnings. Coal demand was also buoyed by fears that Indonesia will introduce a coal export tax, prompting China to increase imports and stock pile huge volumes of Indonesian coal.
While coal export restrictions from Indonesia will be negative for the dry bulk market, as well the decrease in demand from China due to its huge reserves, the US is emerging as a major coal exporter as it starts to utilise cheaper gas supplies spurred on by shale gas development. It is now in a position to export its thermal coal that will supplement tonne-mile demand for Panamax ships.
Given the changes in trade the Dry Bulk Forecaster expects Panamax demand to edge up by about 5% in 2012, with annual increases of close to 6% thereafter until 2017. Under this scenario demand is unlikely to be problem.
But the same cannot be said about Panamax supply. Rahul Sharan senior dry analyst at Drewry Maritime Research is of the opinion that “The Panamax segment is likely to witness oversupply comparable to that of the Capesize sector in the current market”.
In this respect Panamax supply continued to expand in the second quarter of 2012, especially in the modern post-Panamax segment (80-110,000 dwt). The fleet grew from 161.7 to 167.5 million dwt, an increase of 3.6% but post-Panamax registered a 9.1% growth due to the large orderbook. Drewry expects as much as 36 million dwt of new Panamax tonnage to hit the water in 2012, 50% more than in 2011, leaving it potentially as one of the most over-supplied ship sectors of the dry bulk market in 2013.
Source: Drewry / Hellenic Shipping
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Saturday, 14 July 12
FREIGHT MARKET SEEMS TO BE QUITE VOLATILE - VISTAAR
COALspot.com - The market seems to be quite volatile with the trend changing almost every week. This week all the segments were down except for Pana ...
Friday, 13 July 12
TRANSCOAL MINERGY HAS RECEIVED PMA STATUS IN INDONESIA
COALspot.com - PT Transcoal Minergy (“TCM”) has received official foreign owned company status from the Capital Investment Coordinating ...
Thursday, 12 July 12
LACK OF CAPESIZE DEMAND DRAGS DRY BULK MARKET LOWER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A lack of demand for the larger Capesize dry bulk carriers had as a result the fall of the industry’s benchmark, the BDI (Baltic Dry Index), w ...
Thursday, 12 July 12
RIO TINTO'S SENIOR MANAGEMENT CHANGES
COALspot.com - Rio Tinto is making changes to its senior management team as chief financial officer (CFO) Guy Elliott has decided to retire at the e ...
Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly ...
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- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Indika Energy - Indonesia
- PTC India Limited - India
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Cigading International Bulk Terminal - Indonesia
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Interocean Group of Companies - India
- Agrawal Coal Company - India
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kartika Selabumi Mining - Indonesia
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Malabar Cements Ltd - India
- Planning Commission, India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhatia International Limited - India
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- White Energy Company Limited
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Goldman Sachs - Singapore
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- India Bulls Power Limited - India
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
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