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Saturday, 17 November 12
RECORD DEMOLITION ACTIVITY SEEKS TO CURB TONNAGE OVERSUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 This year will prove to be another record-breaker in terms of scrapping of older vessels across all shipping segments, as the equally feverish pace of newbuilding deliveries don't leave ship owners much room for anything else. Today's market conditions could be very well described as the exact opposite of what was the case back in 2008, when scrapyards were literally pleading ship owners to sell them some of their older carriers, to keep them afloat, as most of them in places like India and Bangladesh were faced with closures. But, ship owners were finding out that their 25-year old vessels could fetch serious cash, either through the freight markets, or through a resale, so they had absolutely no incentives to scrap them.
Fast forward in 2012 and it's the opposite case, with owners looking to scrap and demolition yards enjoying an unprecedented boom. According to the latest weekly report from shipbrokers Intermodal, during the 10 months of 2012 (January-October) scrapping activity has reached new record heights. "All ships scrapped so far in 2012 amount to 55m tons of active carrying capacity, compared to 44m tons seen in 2011. We expect that demolition intake appetite will continue at the same pace as that experienced all throughout 2012, despite the small disruption this week during Diwali festivities, so we may well see that more than 1,500 ships, surpassing 60m tons dwt, will have been beached this year" said Intermodal's John N. Cotzias.
In the dry bulk sector, 489 bulkers have been scrapped totaling 30m dwt (432 units, 25m dwt 2011). "The average size of bulkers scrapped is 63,000dwt while in 2011 it was 57,000dwt. The average age of bulkers scrapped in 2012 is 28 years while in 2011 it was 31 years, so not only have we scraped bigger but also younger bulkers. Capes scrapped in 2012 are 74 (12.5m dwt) compared to the 67 Capes (11m dwt) seen in 2011, Panamaxes were 113 (7.6mil dwt) compared to 80 (5.4m dwt), Handymaxes were 84 (3.8m dwt) compared to 49 (2.2m dwt), Handysizes were 170 (5.4m dwt) compared to 131 (3.9m dwt). The net fleet growth for Bulkers during the past ten months has been 9.6%, while this could easily climb up to around 11% by the end of the year. As such it is interesting to note how important a role, the intensive scrapping has played in keeping the balance between the massive number of newbuilding deliveries and the growth in seaborne trade" Cotzias said.
In the tanker segment, "171 Tankers of 14m dwt have been withdrawn in 2012 (in 2011 we had 231 ships of 11.8m dwt). The average size of tankers scrapped is 82,000dwt while in 2011 it was 51,000dwt. The average age in 2012 is 26 years while in 2011 it was 29 years. We saw 19 (5.2m dwt) VLCCs scrapped in 2012, compared to 16 (11m dwt) in 2011, 24 Suezmaxes (3.5m dwt), compared to 2011 were we had 9 (1.3m dwt), 24 Aframaxes (2.4m dwt) compared to 2011 were we had 27 (2.6m dwt), 53 LR1 and MR ships (2.5m dwt) compared to 60 (2.6m dwt) in 2011. 202 (28m dwt) were the tanker newbuildings delivered during the first 10 months of 2012 and the net tanker fleet growth has been 3.2% so far, while scrapping has kept up pace equaling to half of the total newbuilding deliveries" the shipbroker's report noted.
Looking at the regional intake of every major demolition country, as always India leads the tables having taken 467 ships of 17.4mil dwt (4.2mt ldt), while Pakistan 95 ships of 9mil dwt (1.4mt ldt), Bangladesh 204 ships of 13.8mil dwt (2.4mt ldt), China 255 ships 11mil dwt (2.2mt ldt), and Turkey 226 ships of 2.1mil tns dwt (0.53mt ldt).
Intermodal's Cotzias concluded that "with steel prices still keeping firm, backed by a strong demand, and iron ore prices holding steady, we anticipate that demand for demolition candidates will remain strong during 2013, keeping the offered prices relatively close to today’s levels. This way, we may continue to see many ships leaving the active fleet, alleviating a heavily saturated and over-capacitated market that will likely hold through the last big lot of newbuilding deliveries in 2013.
Source: Nikos Roussanoglou, Hellenic Shipping News
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Saturday, 23 March 13
WORLD COAL TRADE FIRST PASSES 1 BILLION TONS IN 2012 - VEREIN DER KOHLENIMPORTEURE E.V
Press Release: Hard coal imports to Germany on the previous year's level in spite of regenerative energies. Imports for power plants at an all-time ...
Thursday, 21 March 13
HANDY : RBCT ROUNDS FIXED AT $ 9000 + 300K BB - FEARNRESEARCH
Handy
The Atlantic market remains firm with cargoes seen to support healthy rates as per last week. The USG-Feast was at USD 25k and Black Sea-Feas ...
Wednesday, 20 March 13
NTPC TO IMPORT SEVEN MILLION TONS COAL FOR FOUR MONTHS
COALspot.com : NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company has awarded&n ...
Tuesday, 19 March 13
CHINA GAS PRICE REFORMS AND APAC GAS PRICING - FITCH STREET VIEW
Fitch Ratings says pricing reform in the Chinese gas sector is unlikely to materially impact gas distributors' margins, and low gas prices in the U ...
Tuesday, 19 March 13
NEWCASTLE COAL EXPORTS FALL BY 4.27 PERCENT ON WEEK
COALspot.com - Newcastle port in Australia has loaded 2,365,561 MT of thermal and coking coal for week ended 0700 hours 18 March 2013, Newcast ...
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- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- PTC India Limited - India
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- SMC Global Power, Philippines
- Globalindo Alam Lestari - Indonesia
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Planning Commission, India
- The University of Queensland
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Economic Council, Georgia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
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