We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 29 July 13
INDONESIA'S ENERGY NEEDS COULD SPELL GOOD NEWS FOR TANKER OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
 Despite abundant energy resources, Indonesia has still failed meet its own demand, which led to a rising import of crude. According to the latest weekly report from London-based shipbroker Gibson, "it wasn’t that long ago that Indonesia was described as the underperforming gem of the Far-East, having an abundance of natural resources: oil, gas, coal, timber etc. Economic growth has been in the region of 5-6% p.a. over the past several years, but could have achieved growth similar to that of China or India, given the right conditionns.
However, recent statistics indicate that this same nation is very much in energy decline, with reserves of crude oil and coal depleting rapidly. The BP Statistical Review of World Energy 2013, shows that Indonesian oil reserves have fallen to 3.7 billion barrels and are forcing the government to import more crude and product to meet rising oil demand. Ageing fields and the lack on new discoveriees continues to be a major headache for a nation which was still a member of the Opec family less than 5 years ago" it said.
Gibson noted that "the BP review shows that last year oil production from the Asian nation stood at 918,000 b/d, while consumption was close to 1.6 million b/d. Indonesian oil production has now fallen to a 40 year low causing the government considerable difficulty both in terms of diminishing export revenue and the fact that energy subsidies have been providing Indonesians with the cheapest fuel in Asia. In order to reduce the nation’s budget deficit, the government in June announced a 20% cut in subsidies. Although no date has been set for the introduction of this price hike, widespread demonstrations have resulted. Indonesia’s production target for this year has been set at 900,000 b/d, but this is unlikely to be achieved with the energy regulator forecasting nearer 830,000 b/d. At the same time, fuel c nsumption and crude imports are surging on the back of cheap subsidised fuel causing the deficit to widen", Gibson said.
According to the shipbroker, "Indonesia has been forced to make up its crude shortfall with imports from Saudi Arabia, West Africa, Libya and Azerbaijan, while the dwindling exports go into the short-haul intra-Asia trade. Aspirations to increase refinery capacity have so far failed to materialise with a failed partnership with Iran abandoned some years ago. More recently negotiations with Iraq, Azerbaijan and Saudi Arabia have led to little more than discussion and no formal projects have been tabled to date. Indonesia has the fourth largest population in the world, and the gap between crude production and consumption continues to grow, causing major political issues. While LNG will provide some respite for the government, it is clear that the demand for both crude and pooduct transportationn will provide growth opportunities for tankers as Indonesia’s growing demand fails to be met internallly.
Meanwhile, in the crude tanker market this week, in the Middle East, "VLCC continued to follow the same track already beaten in June and July with chaterers initially witholdinng to draw down sentiment, and then fixing in numbers to take advantage of that, setting a new 'conference' lower raterange of ws 34/36 to the East and ws 22/23 to the West via Cappe. Now we are effectively at the half-time point in the August game, and if the previous path continues to be followed, then another busier patch will eventtually develop to hand opportunity back to owners once again. Unfortunately for them, this time, availability is a little heavier on the eye, and the Atlantic market is much less supportive, so the peaks of July are less likely to be reachieved even if an upswing does indeed develop.
Suezmaxes enjoyed another week of very strong activity with an over-abundance of short hauls to India also a feature. Rates jumped to as high as ws 55 to the West and close to ws 90 for India with around ws 70 achievable for longer hauls to the East. Aframaxes kept to a steady beat and stayed tight enough to maintain rates in the low/mid ws 90,s bracket to Singapore, where they should remain for the near term at least", Gibson noted.
Finally, in the Mediterannean, "Suezmaxes here operated in reverse manner with the back end of the week showing more strength than the start.140,000 from the Black Sea moved to as high as ws 70 to Europe, with a ws 75 rumoured, but not proved. Volumes aren’t especially heavy, but tight availability on the earlier dates has forced some issues. Aframaxes kicked off nicely, but gradually found supply outweighed demand, and rates fell to 80,000 by ws 77.5/80 Cross Med, and moves to dates that look well enough tonnaged to keep the market soft", Gibson concluded.
Source: Nikos Roussanoglou, Hellenic Shipping News
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 25 July 13
CAPESIZE : PACIFIC AND ATLANTIC RATES ARE HOLDING STEADY - FEARNLEYS AS
Handy
The Far East market remains quiet even if some Indo coal trip orders were fed in the market at early this week. Prompt ships passing Singapor ...
Thursday, 25 July 13
SUMMER LULL CHIPPING AWAY RECENT GAINS IN DRY BULK FREIGHT RATES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In what seems to be establishing as a permanent trend, at least for the time being, the dry bulk market kept on retreating yesterday, even if this r ...
Tuesday, 23 July 13
NEWCASTLE'S COAL EXPORTS CLIMB 17.82% ON WEEK, PORT'S DATA SHOWS
COALspot.com: Newcastle port in Australia has loaded 3,369,865 tons of coal for the week ended 0700 hours 22 July 2013, Newcastle Port Corp. s ...
Monday, 22 July 13
DRY BULK MARKET DIFFICULT TO MAINTAIN POSITIVE DRIVE CLAIMS SHIPBROKER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has seen a significant recovery in recent weeks, leading most ship classes to earnings above their operating expenses, thus brin ...
Monday, 22 July 13
INDO COAL SWAP FOR AUGUST 13 DELIVERY GAINED ON WEEK BUT LOST ON DAY AND MONTH
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average August 2013 delivery slightly up on week but fell on day and month on Fri ...
|
|
|
Showing 4196 to 4200 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Romanian Commodities Exchange
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Independent Power Producers Association of India
- Parliament of New Zealand
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- VISA Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Siam City Cement - Thailand
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Australian Coal Association
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
|
| |
| |
|
