We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 10 January 18
2018: IT IS PROJECTED, THE SHIPBUILDERS WILL DELIVER FOUR HUNDRED FORTY NEW VESSELS IN 2018
 Headlines from IMF's 2017 – World Economic Outlook:
January 2017 - “After a lacklustre outturn in 2016, economic activity is projected to pick up pace in 2017 and 2018”
April 2017- “Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade”
July 2017 - “The pickup in global growth anticipated in the April World Economic Outlook remains on track...”
October 2017 - “The global upswing in economic activity is strengthening, with global growth projected to rise by 3.8 percent in 2018, compared to 3.7 percent in 2017 [emerging countries]”
So, what has happened in 2017 that has been the drive of the recovery? Is it sustainable? According to a special report by the Economist, in the first half of 2017 the volume of the emerging-market exports increased by 4.6% compared to a year earlier, the fastest growth since 2011; not only this, during the same period the BRIC economies (Brazil, Russia, India and China) all grew simultaneously for the first time in three years and for the first time since 2009, twenty one out of twenty four emerging countries have reported higher - than the previous quarter - quarterly GDP figures.
After exceeding expectations in 2017, the global economy is projected to carry forward its current momentum to generate a 3% growth rate in 2018. China, the biggest contributor and the barometer of the shipping indexes, is expected to grow a bit slower compared to 2017, leaving India as the fastest-growing large economy contributing a growth of 7.8% in the world's GDP. The other countries of the area are also expected to hit growth in excess of 6%. The developed countries will also contribute since the momentum in mature economies increased during 2017 and it is expected to continue growing by a healthy 2.1% in 2018 - compared to the 1.8% 5-year average.
On the ship supply side, the dry bulk fleet (>20,000dwt) just exceeded ten thousand vessels (for the record, ten years ago the fleet was less than seven thousand ships); Whilst 430 vessels were delivered in 2017 the fleet increased by 226 vessels (2.3% fleet growth) as more than 200 bulk carriers were sold for demolition. For 2018 it is projected that the shipbuilders will deliver another four hundred forty vessels; so, if we can assume at least the same demolition activity with 2017 then the fleet growth will increase by about the same number of ships – less if you count slippage and non-reported cancellations. In absolute numbers the orderbook is also smaller compared to last year by about one hundred vessels. This means that despite all the 2017 placed orders, the orderbook was not replenished. The orderbook-to-fleet ratio is also at low levels not seen for many years, 9% for Handysize up to Kamsarmax size and 10% for Capes. So, with sustainable global economic growth, this could mean good news for shipowners.
So, after disappointing global growth over the past few years, this recent pickup combined with the relatively subdued fleet growth provides an ideal window of opportunity for the shipping industry to enjoy good returns.
Happy New Year to all and let’s hope to mark 2018 in our happy memories!
By Theodoros Ntalakos
SnP Broker
Compiled by:
Intermodal Research & Valuations
Analysts:
Ms Eva Tzima
Disclaimer and legal disclosure: For any further queries please do not hesitate to contact our Research & Valuations Department. The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no reproducing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
The Information contained within the website of COALspot.com is intended for informational purposes only and is not intended as professional counsel and should not be used as such.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 07 December 17
SUPRAMAX: CHINA TO INDIA FIXING AT MID US$ 8000 - FEARNLEYS
Supramax
There has been quite some activity in the Atlantic basin this week, rates out of USG are still firm, trips to Emed gone through at low/m ...
Thursday, 07 December 17
THE ROLE OF COAL - AN INCONVENIENT TRUTH - BENJAMIN SPORTON, WCA
At the climate talks in Bonn, a global alliance to phase out coal was launched. This, along with other rhetoric about developments in the energy se ...
Wednesday, 06 December 17
SHIPPING MARKET INSIGHT - VASILIS VASILEIOU
Moving towards the end of 2017, we are facing a relatively slack period of business in the ship repair sector. The repair market has already mature ...
Tuesday, 05 December 17
DOES BITCOIN HAVE A FUTURE IN SHIPPING? - ALIBRA SHIPPING
Google now receives more search requests for Bitcoin than for Kim Kardashian, Beyoncé and Taylor Swift combined. This week, a shipping compa ...
Tuesday, 05 December 17
OIL PRICES HAVE GAINED SOME TRACTION THESE PAST FEW DAYS ON TALKS OF ANOTHER OPEC & RUSSIA PRODUCTION CUT EXTENSION - GERRY LATHROP
Oil prices have gained some traction these past few days on talks of another OPEC (including non-OPEC Russia) production cut extension.
The cu ...
|
|
|
Showing 1856 to 1860 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Australian Coal Association
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Minerals Council of Australia
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
|
| |
| |
|
