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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as newbuilding deliveries increase, BIMCO said in its latest report.
According to Niels Rasmussen, Chief Shipping Analyst of BIMCO, driven by increasing sailing distances product tanker demand is also expected to grow faster than supply in 2024 but slower in 2025 as ships return to normal routings. A tightening supply/demand balance should result in increases in rates and prices in both market in 2024 but could weaken in 2025, especially in the product tanker sector.
Demand
The report further noted that, the IMF estimates that the global economy will grow 3.2% in 2024 and 3.3% in 2025. Growth is slowing in key countries such as the US, China and India. The IEA estimates that crude supply will grow 0.3 mbpd in 2024 and 1.5 mbpd in 2025. Mainly US, Brazil and Guyana will increase supply.
The IEA expects, the report says, an oil demand increase of 1.0 mbpd in both 2024 and 2025. Demand continues to grow mainly in Asia while demand in OECD countries has stagnated.
We have assumed that Red Sea rerouting may last throughout 2024. Longer sailing distances are therefore estimated to drive 100% of 2024 demand increases, Niels Rasmussen, Chief Shipping Analyst of BIMCO says in its report.
Supply
commenting on supply, the report says, the crude tanker fleet is estimated to grow 0.5% in 2024 and 1.2% in 2025 as the order book remains small.
Product tanker fleet growth is expected to be 1.6% in 2024 but increase to 4.8% in 2025 as deliveries of ships contracted in 2023 begin.
predicted weakening of product tanker fundamentals are expected to lower sailing speed in 2025. In 2024, sailing speed will not impact supply growth, the latest report of BIMCO says.
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Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
Friday, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
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Showing 26 to 30 news of total 6871 |
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- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Toyota Tsusho Corporation, Japan
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Leighton Contractors Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Cement Manufacturers Association - India
- The University of Queensland
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
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