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Wednesday, 18 February 15
DRY BULK SHIPPING TO RECOVER IN LATE 2015 - DREWRY MARITIME RESEARCH
Strong trade growth, moderating fleet development and deployment of new fuel efficient vessels are expected to lead to a recovery in dry bulk shipping rates later in 2015, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.
“We expect rates to remain under pressure through the first quarter of 2015,” said Rahul Sharan, Drewry’s dry bulk shipping lead analyst. “However, thereafter earnings will recover as modern fuel efficient ships gain employment at higher rates relative to older ships. This is one of the reasons why average charter rates recovered in 2014 compared to 2013, despite continuing capacity pressure.”
Modern vessels command higher rates due to their superior fuel efficiency and environmental credentials, relative to older units. Drewry estimates that since 2011 the average age of the dry bulk fleet has declined from 12 to 9 years (see above graph) which is one of several factors that has helped to support charter rates in an otherwise weak market.
Drewry estimates that the dry bulk shipping trade increased 8.3% in 2014, supported by strong iron ore demand and a 20% leap in grain trade. New vessel deliveries declined in 2014 as owners deferred orders in light of a weak market which limited 2014 fleet growth to 5.3% compared with 6.2% in 2013. Future capacity additions to the dry bulk fleet are likely to be checked by the conversion of some existing dry bulk orders to tankers, and continued slippage with new deliveries.
“We expect to see some acceleration in 2015 deliveries despite a moderating orderbook, thanks largely to increased slippage from 2014,” added Sharan. “However, despite the uncertainty surrounding the global economy, we anticipate that 2015 will be another year in which dry bulk demand outpaces supply. This more favourable capacity outlook coupled with the influx of modern fuel efficient ships points to a recovery in the dry bulk shipping market in the second half of 2015.”
Source: Drewry Maritime Research | Hellenic Shipping News
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Friday, 30 January 15
CAN BULKER CONVERSIONS SPOIL THE TANKER MARKET'S PARTY? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Oversupply of tonnage has always been in the back of the head of ship owners when it comes to taking advantage of favorable market conditions. As s ...
Thursday, 29 January 15
CHINA ENERGY DEMAND MUST BE REVIEWED DUE TO FUNDAMENTAL ECONOMIC CHANGES - WOOD MACKENZIE
New patterns emerging as energy demand growth decoupled significantly from GDP growth for the first time in 2014
Wood Mackenzie says 2014 was ...
Thursday, 29 January 15
CAPE MARKET IS STILL STRUGGLING WITH LOW DEMAND AND LOW COMMODITY PRICES
Handy
Supramax rates are heading south with slipping rates all across the block. USG activity is slow with mid-week levels in the mid 8.000s, Fea ...
Wednesday, 28 January 15
MARKET INSIGHT - STELIOS KOLLINTZAS
With most traders having returned to action from year end festivities, we have already seen signs of activity in the specialized product markets. L ...
Wednesday, 28 January 15
CAPES CONTINUED THEIR UPWARD MOVEMENT LAST WEEK - INTERMODAL
COALspot.com: The Dry Bulk market displayed a mirror performance of that of the week prior, with the Capesize market correcting further upwards and ...
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- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Planning Commission, India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- White Energy Company Limited
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Borneo Indobara - Indonesia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- GMR Energy Limited - India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
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