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Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
 “Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%. During the same period, the order book has grown by 72%, reaching its highest level since early 2012 and is up 2% year-to-date,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
Shipyards’ global order book currently stands at 133m Compensated Gross Tonnage (CGT), an increase of 56m CGT compared to the order book’s most recent low in late 2020. LNG and container ships have accounted for respectively 35% and 30% of the increase while bulk carriers, tankers and LPG have accounted for the rest.
The order book for container ships, however, peaked during the first quarter of 2023 and has fallen since. Year-to-date, the container ship order book has fallen 16%, deviating from the overall growth trend together with the bulk carrier order book which is down 3%.
“So far this year, the tanker and LNG segments combined have been the main drivers of growth in the global order book. In addition, the LPG tanker, cruise ship, chemical tanker and RoRo ship order books have seen double digit growth,” says Rasmussen.
Between 2010 and 2020, the shipyard industry was plagued by overcapacity. Therefore, prices only varied +/- 10% from the period’s median price.
Assuming that the available shipyard capacity in a year equals the maximum delivered in the past five years, we can illustrate both the past overcapacity and how the situation has improved.
Between 2010 and 2020, the median order book vs capacity ratio was 2.2, declining to 1.7 during the second half of 2017. Since then, the ratio has climbed from 2.1 in late 2020 to 3.7 currently, the highest since 2010.
This improvement has helped fuel the price increases. The 53% price increase in just 3.5 years may seem dramatic but it is worth remembering that the average annual price increase between 2010 and 2024 has only been 2.3% even though manufacturing wages in China have more than tripled.
“Looking ahead, the need to start replacing the large generations of ships built in the 2000s, as well as the need to decarbonise, appear to bode well for future contracting. Avoiding a massive build-up of shipyard capacity like in 2000s will be critical if shipyards are to avoid a rise in overcapacity and a scenario where prices fall back to the levels seen in the 2010s,” says Rasmussen.
Source: By Niels Rasmussen, Chief Shipping Analyst at BIMCO
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- Rashtriya Ispat Nigam Limited - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Africa Commodities Group - South Africa
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bhatia International Limited - India
- Ministry of Mines - Canada
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- Economic Council, Georgia
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Power Finance Corporation Ltd., India
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Eastern Coal Council - USA
- Australian Coal Association
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Jorong Barutama Greston.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Planning Commission, India
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