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Tuesday, 06 March 18
LNG VESSELS HAVE EMERGED AS THE FASTEST GROWING SEGMENT FOR THE WATERWAY - GERRY LATHROP
 The day was July 25th 2016, a partly cloudy day on the Panama canal, and to most people a rather innocuous day without any real merit, however in shipping it marked the first of a momentous milestone, the day the first LNG vessel transited the new canal locks. The vessel was the Maran Gas Apollonia on charter to Shell, she had loaded her cargo from Sabine Pass LNG Terminal (the only LNG export terminal in the US) to discharge in Yantian, China said Gerry Lathrop, Research Analyst of Allied in his latest weekly report.
You may be asking yourselves, what is LNG? In shipping we have been hearing the acronym thrown around since at least the 1970s when the first LNG vessels were built, but a lot of people still don’t know exactly what it is. In essence, LNG is natural gas converted to liquid form by cooling it to an astonishing −162 °C at atmospheric pressure.
According to Gerry Lathrop, Natural gas is currently the fastest growing energy commodity according to data published in BP’s Energy outlook 2017, the authors expect the growth to average around 1.6% per annum between now and 2035. By sector, the largest contribution to consumption growth comes from the industrial sector, with combusted and non-combusted use accounting for 45% of growth, followed by power generation. According to BP, LNG imports to China are expected to supply around two thirds of the increase in imports, with pipelines of CNG from Russia making up the remainder.
Research Analyst of Allied further noted, since the opening of the Neo-panamax locks, LNG vessels have emerged as the fastest growing segment for the waterway. This month the Panama Canal Authority is expecting its 300th LNG vessel to transit the new Neo-Panamax locks. Currently of the 7 booking slots offered daily to Neo-panamax vessels, the canal authority allows one to be allocated to an LNG vessel each day. This is done so that the pilots at the canal can familiarize themselves and get experience, safely navigating these specialized vessels, as the canal authority expects the number of transits to increase significantly the coming years as the US ramps up its LNG production and exports. Currently Qatar and Australia are the largest exporters respectively making up almost 50% of total exports in 2016, according to data from IGU’s 2017 report. Most of this LNG was destined for the Asia-Pacific market. In total the Middle East exported 64.6 million tons to the area out of 91 million total tons. Similarly exports from the Asia-Pacific region to other Asian countries totaled 98 million tons out of 99.5 million total tons exported.
He further said, as of last year, Japan, South Korea, and China were the biggest importers of LNG making up more than 55% of total imports, with China noting the biggest increase in imports from year-on-year, about 6.9 million tons more than the previous year.
But how does this tie in with the US and more importantly the Panama Canal? In 2013 the total number of exports of LNG from North America (with the exception of re-exports) amounted to 0 tons, in 2014, that number rose to 0.3 million tons exclusively to Asia-Pacific. In 2015 that number stayed flat at 0.3, and then in 2016, that number almost doubled to 0.5m tons to the Asia-Pacific region with another 2.4m total tons going to other destination.
According to the Panama Canal Authority, they expect the total number of LNG traffic through the canal to grow by 50% from the previous fiscal year, or from about 163 transits, to about 244. This means that the total expected income from LNG vessels (if all are about 174k cbm) will be in the region of 93 million USD from laden voyages only, according to tariffs provided by the canal authority.
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Tuesday, 05 June 18
SOUTH KOREA'S SULPHUR CAP ALTERS ASIAN COAL MARKET DYNAMICS: RUSSELL
South Korea’s imposition of a strict sulphur cap on its imported coal is likely to cause ripples across Asia’s markets for the pollutin ...
Tuesday, 05 June 18
THINGS STILL LOOK TO BE PROMISING FOR THE DRY BULK MARKET OVER THE NEXT COUPLE OF MONTHS - GEORGE LAZARIDIS
Just as we thought the world was calming back down to reason, worries and frictions regarding global trade resurfaced this past week after a series ...
Tuesday, 05 June 18
INDONESIAN COAL PRICE REFERENCE IS GOING UP AGAIN
COALspot.com: According to latest ministerial decree No. 1857 K/30/MEM/2018 dated 4 June 2018, the Indonesian Coal Price Reference (HBA) up 7.91 pe ...
Saturday, 02 June 18
HOW CARBON UTILISATION WILL BE A KEY STEP IN INDIA'S CLIMATE STRATEGY - BENJAMIN SPORTON
For India, energy remains the key driver of growth, not only from an economic perspective but more importantly for accelerating social development. ...
Thursday, 31 May 18
SUPRAMAX: INDO/CHINA COAL RV IS GETTING FIXED AROUND $13K DELIVERY SINGAPORE - FEARNLEYS
Capesize
The Cape market has been on a downward trend for the past week.
According to Fearnleys, Oslo based broker, Brazil market ...
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Showing 1706 to 1710 news of total 6871 |
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- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Thai Mozambique Logistica
- MS Steel International - UAE
- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Bharathi Cement Corporation - India
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- ICICI Bank Limited - India
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- PTC India Limited - India
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Wood Mackenzie - Singapore
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
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