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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, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
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Showing 31 to 35 news of total 6871 |
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- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Carbofer General Trading SA - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Electricity Authority, New Zealand
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Directorate Of Revenue Intelligence - India
- Sinarmas Energy and Mining - Indonesia
- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Energy Development Corp, Philippines
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- The University of Queensland
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Bukit Baiduri Energy - Indonesia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Altura Mining Limited, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Orica Mining Services - Indonesia
- Indian Oil Corporation Limited
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- San Jose City I Power Corp, Philippines
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Bhatia International Limited - India
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
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