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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, 16 December 14
THIS PRICE IS A STEAL - EVA TZIMA
COALspot.com: Despite concerns that the slowdown of the Chinese economy would affect imports of iron ore, it seems that this has not been the case ...
Tuesday, 16 December 14
FOB RICHARDS BAY COAL SWAP FOR Q2' 15 DELIVERY CLOSED AT US$ 65.60 PMT
COALspot.com: API 4 FOB Richards Bay Coal for delivery Q1' 2015 lost month on month.
The Q1 swap has lost US$ 0.18 (-0.27%) month on month ...
Tuesday, 16 December 14
SUB-BIT FOB INDONESIA COAL SWAP CONTINUES ITS FALL
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 lost month on month, week over week and day on day.
The Q1 swap has lost US$ 1.7 ...
Monday, 15 December 14
WILL TANKERS BENEFIT FROM REEMERGENCE OF FLOATING STORAGE PLAYS? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The tanker market has been seeing high freight rates for some time now, riding on the back of low oil prices, which are boosting demand from develo ...
Monday, 15 December 14
INDONESIAN COAL PRICE REFERENCE CRASHES THROUGH $65
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia revised down the coal bench mark price once again in December. HBA for t ...
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- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Planning Commission, India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Kartika Selabumi Mining - Indonesia
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- PTC India Limited - India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Binh Thuan Hamico - Vietnam
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Australian Commodity Traders Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- GAC Shipping (India) Pvt Ltd
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- The University of Queensland
- Ind-Barath Power Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
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