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Monday, 11 April 16
ON THE TIGHTROPE, IT CAN BE HARD TO KEEP YOUR BALANCE.... - CLARKSONS
 Today’s headlines often point towards the impact of the demand side on the state of health of the shipping markets. But despite the fact that today’s global orderbook appears less onerous than previously (at 16% of the fleet), capacity levels are still important, and a look at the future of the supply side can provide an idea of just how hard a balancing act the markets still face in today’s demand conditions.
Like The High-Wire?
An indicator combining capacity and demand elements gives an idea of how difficult it might be just to maintain the current supply-demand balance, before the surplus present in many sectors today can even be addressed. The graph shows a ratio which compares the orderbook as a percentage of the fleet to ‘current’ and ‘trend’ rates of demand growth in a selection of sectors (see graph description for details). At a high level, this broadly indicates how many years of demand growth the orderbook to be delivered over the next few years equates to, and how much the supply side will need to otherwise adjust to balance things out. In many cases, even after a sharp slowdown in ordering, this looks like a real high-wire act.
How Hard Does It Look?
The orderbook for oil tankers equates to 18% of the fleet, equivalent to 8 years of ‘current’ demand growth, so there could be some work to be done there to maintain today’s balance. However, it’s the bulkcarrier sector which really illustrates the impact of slower demand growth. Today’s orderbook, 15% of the fleet, equates to 11 years of ‘current’ demand growth. In the boxship sector, relatively faster trade growth (despite an historically slothful 2015) means that today’s orderbook equates to a perhaps more manageable 4 years of ‘current’ trade growth. Other sectors reinforce the impact of demand side issues. The LNG carrier orderbook equates to 14 years of ‘current’ trade expansion (although expectations might be for improved trade growth, and the figure drops to 3 years on the basis of the ‘trend’ rate), and for car carriers the figure stands at 13 years.
Balancing Acts
Of course, in market mechanics, it’s often the supply side which adjusts, and other factors not captured by the ratio used here can lend a hand. Demolition is one obvious factor, with, for example, the relative size of potential bulkcarrier capacity growth suppressed by record levels of demolition this year so far (14.1m dwt in Q1). Delay or cancellation of the orderbook also plays a role: 42% of start year scheduled bulkcarrier deliveries failed to enter the fleet in 2015. Changes in vessel productivity, such as adjustments to operating speeds, can also impact of the absorption of capacity in the future.
Still Walking The Tightrope
Nevertheless, shipping globally still appears to be walking a tightrope in the current demand environment. Today’s orderbook equates to 7 years of ‘current’ seaborne trade growth (a rate of 2.4%), though looks slightly less daunting (5 years) if demand growth was to reach the last decade’s ‘trend’ rate (3.4%). But in current demand conditions, even to maintain the status quo, there’s a significant supply-side balancing act to perform.
Source: Clarksons
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Thursday, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
Monday, 04 April 16
INDONESIA CS57 COAL INDEX SLIDES SLIGHTLY WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 0.07 percent week over week to averaging $38.88 per ton on this past Friday, ac ...
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Showing 2491 to 2495 news of total 6871 |
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Independent Power Producers Association of India
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Australian Coal Association
- Planning Commission, India
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- White Energy Company Limited
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Minerals Council of Australia
- London Commodity Brokers - England
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Baramulti Group, Indonesia
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- The University of Queensland
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Ministry of Transport, Egypt
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
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