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Friday, 19 December 14
HOW WILL LOWER BUNKER PRICES AFFECT THE SUBSTANTIAL OVERCAPACITY IN DRY BULK MARKET? - BIMCO
As bunker fuel costs have come down from USD 600 per tonnes to USD 330 per tonnes in the past 6 months, much talk about increased ship speed have surfaced.
Some single-voyage or single company estimations aims at supporting reintroduction of higher speed to generate higher revenue and potentially higher earnings. In reality, some of them may actually prove to deliver on the promise too.
However, as Chief Shipping Analyst at BIMCO, Peter Sand, said:
“When you consider the entire dry bulk fleet on a global scale, overcapacity remains substantial. In that sense, there is no overall case for increasing speed anytime soon.
“BIMCO concur to the estimates made by Dreary, which point to an operating surplus of some 25% in the market today.
Bear in mind that as long as the demand side and the supply side continues to match one another quite narrowly, the operation surplus will stay put. We need several years of strong demand growth and low supply growth in order to reduce the overcapacity substantially.
This is why is remains important for industry profitability to make sure slow steaming continues to be an integrated part of business conduct.
Slow steaming
In spite of bunker fuel costs coming down significantly, it remains by far the largest cost item for owners and operators. The hefty fuel bills, seen during the past couple of years, may have been paused for a while, but may also prove sticky as the oil price futures all present a steep counting (Canting is a situation where the futures price (or forward price) of a commodity is higher than the expected spot price).
“Bringing higher ship speed back may cause some unwanted commotion to the freight market, where the norm in recent years has been one of lower and lower ship speed.
“Lower ship speed has significantly assisted freight rates in staying higher than they would in the case of all ships steaming at full ahead. Reversing this.
Source: BIMCO Hellenic Shipping News
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Monday, 05 January 15
CFR SOUTH CHINA COAL SWAPS GAINED WEEK OVER WEEK, SGX DATA SHOWS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 2.50 (-4.02%) month over month and gained US$ 0.20 ( ...
Monday, 05 January 15
FIVE ENERGY SURPRISES FOR 2015: THE POSSIBLE AND THE IMPROBABLE - KURT COBB
The coming year is likely to be as full of surprises in the field of energy as 2014 was. We just don't know which surprises! I am not predictin ...
Monday, 05 January 15
THE SHIPPING MARKET IN 2014 AND LOOKING FORWARD - BIMCO
2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat different ...
Monday, 05 January 15
API 5 FOB NEWCASTLE COAL SWAP FOR Q1'15 DELIVERY CLOSED US$ 0.45 HIGHER COMPARED TO Q2'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 0.60 per MT (-1.15%) month over month and gained US$ 0.02 (+0.04%) ...
Sunday, 04 January 15
BALTIC DRY INDEX CONTINUES ITS DECLINE IN 2015
Wish you all a very Happy New Year 2015. The last report was dated 19th Dec 2014 and due to Christmas and new year holidays no reports were publish ...
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- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Mercator Lines Limited - India
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Orica Australia Pty. Ltd.
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- IHS Mccloskey Coal Group - USA
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- VISA Power Limited - India
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
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