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Tuesday, 01 March 16
CAN BULKCARRIER SUPPLY CUTS RESTORE SOME BALANCE? - CLARKSONS
 The easing in bulkcarrier deliveries and the accelerated pace of demolition in recent years has seen bulkcarrier fleet growth slow from a rapid 17% in 2010 to just over 2% in 2015. In the short-term, fleet expansion is currently projected to slow further, but with only limited growth expected in dry bulk trade in coming years, can supply growth be brought back in line with expansion in demand?
Stunting The Growth
The depression in the dry bulk market, driven by weak demand and firm supply growth in preceding years, saw bulker owners scrap over 30m dwt in 2015, close to the record of 33m dwt in 2012. Meanwhile, deliveries remained fairly steady y-o-y at 49m dwt, down from 100m dwt in 2012. Estimated ‘non-delivery’ (the percentage of the start year orderbook scheduled for delivery during the year, but not delivered due to ‘slippage’ or cancellation) rose last year to 43%, up from an estimated 36% in 2014, limiting delivery volumes. Overall, these trends saw the pace of fleet growth shrink to 2.4%, the slowest rate since 1999. However, even this slow growth exacerbated oversupply, with seaborne dry bulk trade declining by 0.1% in 2015.
Out With The Not-So-Old
Bulkcarrier demolition is projected to remain firm this year, given the weak outlook for the market. There remains a sizeable volume (62.4m dwt) of bulkcarrier tonnage aged over 20 years, and owners have also shown a willingness to scrap increasingly younger units, with the average age of scrapped bulkers falling from 32 years in 2010 to 25 years in 2015. In the first eight weeks of 2016 alone, 93 units of 8.3m dwt were scrapped, up 77% y-o-y on an annualised basis, and demolition is currently projected to exceed 33m dwt this year.
Deliveries To Dive?
Despite the depressed market conditions, and expectations that slippage and cancellation will continue to significantly affect deliveries, a total of 49m dwt is again expected to be delivered in 2016. However, the more limited ordering volumes seen in 2014-15 have helped the orderbook to decrease, reaching an 8-year low in February 2016, and deliveries are now expected to drop in 2017 to 35m dwt.
How Low Do We Need To Go?
Overall, the gap between bulkcarrier deliveries and demolition is currently expected to remain fairly steady this year, with fleet growth projected to reach 2.0%. However, with dry bulk trade growth expected to be very limited at 0.3% in 2016, to restrict fleet expansion to this pace would require the equivalent of either deliveries easing to 36m dwt this year, 27% lower than the current projection, or demolition surging to 47m dwt, 40% higher than the current projection.
So, unless there are dramatic shifts in supply side trends in the rest of this year, it will be difficult to limit the pace of fleet expansion in 2016 to a level closer to dry bulk trade growth. There seems more scope for this in 2017, given current expectations for expansion of only 0.7% in the fleet. However, with dry bulk trade underperforming, even such a slow pace of fleet growth expected in the short-term might struggle to restore balance.
Source: Clarksons | Hellenic Shipping News
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Friday, 11 March 16
ADANI GLOBAL BAGS 0.26 MILLION TONS OF COAL CONTRACT FROM LANKA COAL COMPANY
COALspot.com: Lanka Coal Company (Private) Limited, Sri Lanka has awarded 260,000 +/- 10% tons of Power plant 6300 GAR calorific value coal to Adan ...
Friday, 11 March 16
US WEEKLY COAL PRODUCTION DOWN BY 0.5 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 12.6 million shor ...
Friday, 11 March 16
FORTESCUE'S MOU WITH VALE COULD STRENGTHEN ITS BUSINESS PROFILE - FITCH
COALspot.com: Fitch Ratings says that Australia-based Fortescue Metals Group Limited's (BB+/Negative) memorandum of understanding (MOU) with Br ...
Thursday, 10 March 16
CHINA'S NEW POLICY PLAN COULD BE POSITIVE FOR SHIPPING, BUT TARGETS SEEM RATHER AMBITIOUS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
China set out its new policy plan during the course of the past weekend, but it seems to have set some very ambitious goals, which could be difficu ...
Thursday, 10 March 16
U.S. COAL EXPORTS DECLINED 23% IN 2015, AS COAL IMPORTS REMAINED STEADY
COALspot.com: The United States remains a net exporter of coal, exporting 74.0 million short tons (MMst) and importing 11 MMst in 2015.
Accord ...
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Showing 2526 to 2530 news of total 6871 |
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- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Attock Cement Pakistan Limited
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Bhatia International Limited - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Coal and Oil Company - UAE
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Anglo American - United Kingdom
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Kideco Jaya Agung - Indonesia
- Videocon Industries ltd - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Indika Energy - Indonesia
- Indogreen Group - Indonesia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercuria Energy - Indonesia
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
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