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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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Tuesday, 23 December 14
Q4'15 FOB RICHARDS BAY COAL SWAPS FALL $ 3.85 IN A MONTH
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 2.13 (-3.17%) month on month ...
Tuesday, 23 December 14
SHIPOWNERS ARE FINALIZING MORE DEALS AS YEAR END COMES CLOSER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
With the 2014 year just a few days before waving goodbye, shipowners are looking to close their pending deals in both the newbuilding and S&P m ...
Monday, 22 December 14
Q2'15 CFR SOUTH CHINA COAL SWAP CLOSED $ 0.30 LOWER THAN Q1'15 CLOSING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 3.67 (-5.81%) month over month and US$ 0.35 (-0.58%) ...
Monday, 22 December 14
API 5 FOB NEWCASTLE COAL SWAPS ARE HEADING SOUTH
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 1.71 per MT (-3.24%) and closed at US$ 51.02 on 19 December month ...
Sunday, 21 December 14
PANAMAX COAL FREIGHT FROM INDONESIA TO INDIA FALLS FURTHER
COALspot.com: The BDI continued its fall as cape index lost heavily week on week.
The BDI was down 6.95 percent week over week and closed at 8 ...
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- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- Eastern Coal Council - USA
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- PTC India Limited - India
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Economic Council, Georgia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Australian Commodity Traders Exchange
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- GMR Energy Limited - India
- VISA Power Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Vijayanagar Sugar Pvt Ltd - India
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
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