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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, 20 March 18
SHIPPING MARKET ANALYSIS - GEORGE LAZARIDIS
It has been a chilling start to the week for the global economy, with the vast majority of stock exchanges noting a fair drop, after a series of se ...
Tuesday, 20 March 18
TRAFIGURA GROUP PTE LTD SIGNS RECORD US$5.725 BILLION EUROPEAN MULTICURRENCY SYNDICATED REVOLVING CREDIT FACILITIES AND JPY72.64 BILLION DENOMINATED THREE YEAR TERM LOAN
Press Release: Trafigura Group Pte Ltd. (“Trafigura” or the “Company”), a market leader in the global commodities industry, ...
Monday, 19 March 18
PANAMAX: DESPITE FEWER REPORTED PERIOD TRADES THIS WEEK, RATE LEVELS HAVE REMAINED SOLID - BALTIC BRIEFING
Capesize
There were finally reports of increased Brazil activity, but still largely unconfirmed. Vale reportedly took six ships Thursday for 5 Ap ...
Friday, 16 March 18
WEEKLY US COAL PRODUCTION DROPS 1.9 PER CENT WEEK OVER WEEK - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totaled an estimated 14.8 million short tons ...
Friday, 16 March 18
INDONESIA COAL PRICE CAP POSES LIMITED RISKS TO PRODUCERS : FITCH
Indonesia’s cap on the benchmark price of coal sold to the domestic electricity sector is unlikely to have a significant impact on the credit ...
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Showing 1766 to 1770 news of total 6871 |
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- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Bhatia International Limited - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement - Thailand
- Edison Trading Spa - Italy
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Goldman Sachs - Singapore
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- VISA Power Limited - India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- The University of Queensland
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Petron Corporation, Philippines
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
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