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