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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, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
Wednesday, 31 January 24
CHINA'S INNER MONGOLIA COAL OUTPUT HIT 1.21B TONS IN 2023 - XINHUA
North China’s Inner Mongolia autonomous region churned out 1.21 billion tons of coal in 2023 as it strives to guarantee the country’s e ...
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Showing 41 to 45 news of total 6871 |
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- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Eastern Energy - Thailand
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Miang Besar Coal Terminal - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Simpson Spence & Young - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Planning Commission, India
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Australian Coal Association
- Agrawal Coal Company - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- PTC India Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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