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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, 29 December 14
SGX'S FOB NEWCASTLE COAL SWAPS IMPROVED W-O-W, LOST M-O-M
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.44 per MT (-2.73%) month over month and gained US$ 0.36 (+0.71%) ...
Friday, 26 December 14
SHIPS FACE LOWER SULPHUR FUEL REQUIREMENTS IN EMISSION CONTROL AREAS FROM 1 JANUARY 2015 - IMO
Ships trading in designated emission control areas will have to use on board fuel oil with a sulphur content of no more than 0.10% from 1 January 2 ...
Wednesday, 24 December 14
CAPE DEMAND WAS STILL EXTREMELY SOFT THIS PAST WEEK ACROSS BOTH BASINS - INTERMODAL
COALspot.com: The performance of the Dry Bulk market, which found itself in desperate search of support for yet another week, has left very little ...
Wednesday, 24 December 14
MARKET INSIGHT - JOHN N. COTZIAS, INTERMODAL SNP BROKER
The year is coming to an end, and we should be able to assess if this was a good year, a bad year, or even a lousy one? The answer clearly de ...
Tuesday, 23 December 14
Q1'15 FOB INDONESIA COAL SWAP GAINED 48 CENTS IN ONE WEEK
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month and gained week over week and day on day.
The Q1 swap has lo ...
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- Aboitiz Power Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- PetroVietnam Power Coal Import and Supply Company
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- VISA Power Limited - India
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Xindia Steels Limited - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- ICICI Bank Limited - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- CNBM International Corporation - China
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
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