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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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Tuesday, 27 January 15
Q1 FOB INDONESIA COAL SWAP CLOSED AT $ 47.87 FOR WEEK ENDING JAN. 23
COALspot.com: Indonesian coal swaps for delivery Q1' 2015 gain week over week and declined month on month.
The Q1 swap has decline US$ 0.9 ...
Tuesday, 27 January 15
Q2 FOB NEWCASTLE COAL SWAP UP 4.5% W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery declined US$ 0.28 per MT (-0.54%) month over month and increased US$ 1.23 ( ...
Monday, 26 January 15
OVERSUPPLY, AMPLE STOCKPILES, AND LACKLUSTER UNDERLYING STEEL DEMAND KEPT COKING COAL PRICES LOW IN 2014
COALspot.com: Coking coal prices (FOB & CFR) fell 15% and 18% respectively during the year, amidst persistent oversupply, ample inventory and s ...
Monday, 26 January 15
FOB RICHARDS BAY Q2 COAL SWAP CLOSED LOWER THAN Q1 CLOSING
COALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q1' 2015 declined month over month and day on day.
The Q1 swap has fell ...
Monday, 26 January 15
API 8 CFR SOUTH CHINA COAL SWAP CONTINUE TO SLIDE M-O-M; ROSE W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 0.79 (-1.33%) per MT month over month and gained US$ 2.10&nb ...
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- PNOC Exploration Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Heidelberg Cement - Germany
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- MS Steel International - UAE
- The University of Queensland
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- The Treasury - Australian Government
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Bharathi Cement Corporation - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
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