Global Oil&Gas Tanker Outlook

Size: px
Start display at page:

Download "Global Oil&Gas Tanker Outlook"

Transcription

1 MARSEILLE MARITIME 28 Global Oil&Gas Tanker Outlook ( and just a few words on containerships) Ralph Leszczynski Marseille, 16 September 28 banchero costa research - research@bancosta.it

2 Legal notice: The information and data contained in this presentation is derived from a variety of sources, own and third party s, public and private, and is provided for information purposes only. Whilst banchero costa has used reasonable efforts to include accurate and up-to-date information in this presentation, banchero costa makes no warranties or representations as to the accuracy of any information contained herein or accuracy or reasonableness of conclusions drawn there from. Although some forward-looking statements are made in the report, banchero costa cannot in any way guarantee their accuracy or reasonableness. banchero costa assumes no liabilities or responsibility for any errors or omissions in the content of this report.

3 Crude Oil Tankers banchero costa

4 Baltic Tanker Indices (Dirty and Clean) - 1 YEAR 2,5 2, Baltic Indices 1,5 1, Baltic Dirty Tanker Index Baltic Clean Tanker Index The tanker market was on a positive trend over the last 12 months

5 Baltic Tanker Indices (Dirty and Clean) - 1 YEARS 3,5 3, 2,5 Baltic Indices 2, 1,5 1, Baltic Dirty Tanker Index Baltic Clean Tanker Index Long term, it remains relatively stable (apart from the strong volatility )

6 14, Baltic Tanker Indices vs. Baltic Dry Index 12, 1, Baltic Indices 8, 6, 4, 2, Baltic Dry Index Baltic Dirty Tanker Index Baltic Clean Tanker Index The spread between dry and tanker indices has never been as great as this year

7 6 World Seaborne Crude Oil Trade (estimates, in thousands barrels per day) 5 Thousands barrels daily % +9.9% +4.5% +2.2% +2.4% +2.8% +4.% -3.5% -3.% (e) 28 (f) Crude Oil Trade Y-o-Y Growth

8 2 VLCC Tanker Trading Fleet (Estimate, in total DWT) mln DWT % +3.5% +4.1% +4.5% +2.9% +3.9% +.1% -2.3% -1.3% (f) VLCC Tanker Fleet Y-o-Y Growth

9 75 Suezmax Tanker Trading Fleet (Estimate, in total DWT) 6 mln DWT % +4.3% +3.6% +4.2% +7.6% +5.1% +4.6% +3.3% -5.% (f) Suezmax Tanker Fleet Y-o-Y Growth

10 1 Aframax Tanker Trading Fleet (Estimate, in total DWT) 8 mln DWT % +3.8% +8.2% +5.4% +6.2% +6.2% +5.8% +8.7% -.1% (f) Aframax Tanker Fleet Y-o-Y Growth

11 15% VLCC Fleet Growth v. Crude Oil Trade (Estimates of percentage year-on-year changes) percentage change year-on-year 1% 5% % -5% 7.1% 3.1% -2.3% -3.5% -3.% -1.3% 9.9%.1% 3.5% 4.5% 4.1% 4.5% 2.9% 2.2% 2.4% 2.8% 3.9% 4.% -1% Seaborne Crude Oil Trade Trading VLCC Tanker Fleet

12 banchero costa VLCC Tanker (2,-35, dwt) Age Profile number of vessels Scrapped Trading (SS) Trading (DS+DB) Trading (DH) Newbuilding

13 15% Suezmax Fleet Growth v. Crude Oil Trade (Estimates of percentage year-on-year changes) percentage change year-on-year 1% 5% % -5% 7.1% 2.3% -3.5% -5.% 4.3% -3.% 9.9% 3.6% 4.2% 4.5% 7.6% 5.1% 4.6% 2.2% 2.4% 2.8% 3.3% 4.% -1% Seaborne Crude Oil Trade Trading Suezmax Tanker Fleet

14 banchero costa Suezmax Tanker (12,-199,999 dwt) Age Profile number of vessels Scrapped Trading (SS) Trading (DS+DB) Trading (DH) Newbuilding

15 15% Aframax Fleet Growth v. Crude Oil Trade (Estimates of percentage year-on-year changes) percentage change year-on-year 1% 5% % -5% 7.1%.8% -.1% -3.5% 3.8% -3.% 9.9% 8.2% 5.4% 4.5% 6.2% 6.2% 5.8% 2.2% 2.4% 2.8% 8.7% 4.% -1% Seaborne Crude Oil Trade Trading Suezmax Tanker Fleet

16 banchero costa Aframax Tanker (78,-119,999 dwt) Age Profile number of vessels Scrapped Trading (SS) Trading (DS+DB) Trading (DH) Newbuilding

17 2 China - Seaborne Crude Oil Imports (customs data, in million tonnes gross) million tonnes % +35% % +7% +3% +14% +12% +15% (f) Crude Oil Imports Y-o-Y Growth Growth rates in Chinese oil imports have been in double digits this decade, albeit quite volatile

18 5 China - Comparison of Iron Ore and Crude Oil Imports (customs data, in million tonnes gross) 4 mln tonnes per year (f) Iron Ore Imports Crude Oil Imports Chinese oil imports have grown strongly this decade, although less steeply than iron ore imports

19 Volume Increase in Refinery Capacity 2-27 (estimates, in million barrels per day) China 1.8 USA 1. Middle East.9 India 1. Other Asia Europe.5.6 Africa Other Americas Japan It increased capacity more than any other region this decade, and more is to come in the next few years

20 Share of World Petroleum Products Consumption in 26 (source: BP Energy Review) India and Other Asia 14% Africa 3% Other Americas 11% USA 26% Japan 6% China 9% Middle East 7% Europe (inc. Russia) 24% It still accounts for less than 1% of oil consumption, whilst having one fifth of the world s population

21 12, World's Top 1 Net Oil Importers in 26 (source: eia) 1, Thousand barrels daily 8, 6, 4, 2, USA Japan China Germany Korea France India Italy Spain Taiwan And yet, China still imports four times less oil than the USA, and only twice more than Italy or Spain

22 Chinese oil production and consumption in mln tonnes China - Crude Oil Production and Consumption (estimates, in mln tonnes) (f) Consumption Production Chinese oil demand growth is fast outstripping domestic production, increasing reliance on imports

23 1,2 USA, 123 Number of Vehicles per 1 People over 16 y.o. (source: abc news) no. of cars every 1 people over 16 y.o France, 72 Japan, 68 India, 11 China, 9 Just immagine if every Chinese had a car...

24 LNG Carriers banchero costa

25 banchero costa LNG Carrier Age Profile (all sizes) This year (28) is a peak year for newbuilding deliveries number of vessels Trading Orderbook

26 LNG Carrier Age Profile (by size range) 5 4 number of vessels Trading <9cbm Trading 9-2cbm Trading >2cbm Orderbook <9cbm Orderbook 9-2cbm Orderbook >2cbm And almost half of deliveries are giant ships over 2, cbm!

27 LNG Carrier Age Profile Pie Orderbook / Trading 47.5 % 2,8 14% 2,9 11% 2,1 5% up to 5 yrs (blt 3-7) 33% > 3 yrs (< 1977) 9% 26-3 yrs (78-82) 6% yrs (83-87) 2% 16-2 yrs (88-92) 2% yrs (93-97) 9% 6-1 yrs (98-2) 9% The orderbook is almost 5% of the trading fleet, and lng ships can trade well over 3 years

28 Global LNG Importers in 27 (% of total trade in bcm, data from bp energy review) South Korea 15% Taiwan 5% India 4% China 2% Mexico & C.Am. 1% USA 1% Spain 11% France 6% Japan 39% Other Europe 2% Portugal 1% Italy 1% Turkey 3% The bulk of imports is to East Asia, but the Mediterranean accounts for one quarter of volumes

29 Global LNG Exporters in 27 (% of total trade in bcm, data from bp energy review) Oman 5% Nigeria 9% Trinidad & Tobago 8% Others 2% Indonesia 12% UAE 3% Malaysia 13% Qatar 18% Egypt 6% Algeria 11% Brunei 4% Australia 9% Exports are still well diversified between South-East Asia, North Africa, the Gulf, and Central America

30 LNG Exporters to the Mediterranean in 27 (% of total trade in bcm, data from bp energy review) Nigeria 33% Others 2% Algeria 39% Trinidad & Tobago 5% Qatar 9% Egypt 12% Most Mediterranean imports come from North Africa (52%) and Nigeria (33%)

31 Containerships banchero costa

32 All Containership Fleet (1+ TEU) (fleet capacity in ' TEU, at end of year) ' TEU % 13.3% 15.1% 11.7% 5.1% 9.8% 12.1% 1.5% 8.9% 9.8% 13.1% 16.6% 21.% 15.6% 13.% 11.2% 3.2% Historical Fleet Size Projection based on Orderbook and no Scrapping Growth Y-o-Y

33 Comparison and 3+ TEU Containerships (fleet capacity in ' TEU, at end of year) ' TEU projection based on Orderbook Total Fleet TEU Total Fleet 3+ TEU

34 Containership Fleet by Size in year 22 (as percentage by TEU total) 3+ TEU 47% 1-5 TEU 3% TEU 7% TEU 23% TEU 2%

35 Containership Fleet by Size in year 212 (as percentage by TEU total) 1-5 TEU 1% TEU 4% TEU 12% TEU 12% 3+ TEU 71%

36 Containership 34 TEU Timecharter Rates (gr'less vessel, 1 Year TC in USD/Day) 5 4 USD/Day

37 Containership 1 TEU Timecharter Rates (grd vessel, 1 Year TC in USD/Day) 2 15 USD/Day

38 Conclusions banchero costa

39 Conclusions: Crude Tanker Supply: plenty of (especially small) newbuildings! Demand: look out for China & India LNG Carriers Supply: plenty of (especially large) newbuildings! Demand: look out for just about everywhere! Containerships Supply: plenty of (large!) newbuildings! Demand: more globalisation?!?

40 head office via pammatone, genoa (italy) phone: dry c. - cape/pmx capespmx@bancosta.it derivatives derivatives@bancosta.it dry c. - handy handy@bancosta.it research research@bancosta.it dry c. - operating dryoper@bancosta.it lng projects gas@bancosta.it tankers tanker@bancosta.it agency bcagy@bcagy.it containers containers@bancosta.it insurance insurance@bancostains.it s&p salepurchase@bancosta.it p&i main.ge@bseag.it ship finance financial@bancosta.it accounting account@bcaccount.it bancosta monaco bancosta geneva bancosta uk bancosta moscow monte carlo geneva london moscow phone: phone: phone: phone: info@bancosta-monaco.com info@bancosta.ch info@bancosta.co.uk jivotenko@bancosta.it bancosta oriente bancosta oriente bancosta oriente hong kong singapore beijing phone: phone: phone: bancosta.oriente@bancosta.com.hk bancosta.oriente@bancosta.com.hk bancostabeijing@bancosta.it web site : for any query, feel free to contact our research desk at: research@bancosta.it

(with a review of fleets and trade) Ralph Leszczynski

(with a review of fleets and trade) Ralph Leszczynski banchero costa Mareforum & Orecoal 4 th Iron Ore & Coal World Shipping Summit 2012 Dry Bulk Shipping Prospects (with a review of fleets and trade) Ralph Leszczynski 1 October 2012, Athens prepared by:

More information

Product Tanker Market Outlook IMSF Geneva - May 2017

Product Tanker Market Outlook IMSF Geneva - May 2017 Product Tanker ket Outlook IMSF Geneva - 217 Global Presence 16 staff in strategic locations LONDON HOUSTON BEIJING SEOUL HONG KONG SINGAPORE Product Tanker ket Outlook 217 2 Where are we now? Product

More information

Tanker Market Outlook

Tanker Market Outlook Tanker Market Outlook 4 th Maritime Indonesia Simon Chattrabhuti, Director, Head of Tanker Market Analysis Jakarta, 22 March 212 Disclaimer THIS PRESENTATION IS CONFIDENTIAL AND IS SOLELY FOR THE USE OF

More information

Primary energy. 8 Consumption 9 Consumption by fuel. 67 th edition

Primary energy. 8 Consumption 9 Consumption by fuel. 67 th edition Primary energy 8 Consumption 9 Consumption by fuel 67 th edition Primary energy Consumption* Growth rate per annum Million tonnes oil equivalent 27 28 29 2 211 212 213 214 215 216 217 217 26-16 Share 217

More information

Recent Developments in International Seaborne Trade and Maritime Transport

Recent Developments in International Seaborne Trade and Maritime Transport Recent Developments in International Seaborne Trade and Maritime Transport IFSPA, Hong Kong, 3-5 June 2013 Dr. Vincent F. Valentine Officer-in-Charge, Transport Section Division on Technology and Logistics

More information

MEG Oil Market Outlook

MEG Oil Market Outlook MEG Oil Market Outlook (covering crude oil and oil products) July 2018 bancosta blue studies volume WET 2017/#13 research www.bancosta.com ; research@bancosta.com Jul 2018 MEG Oil Market Outlook 1 Index

More information

BP Statistical Review of World Energy June 2017

BP Statistical Review of World Energy June 2017 BP Statistical Review of World Energy June 217 Primary energy 8 Consumption 8 Consumption by fuel 9 66 th edition Primary energy Consumption* Growth rate per annum Million tonnes oil equivalent 26 27 28

More information

Evolving Global Oil Trade Flows. IEA-IEF-OPEC Joint Meeting Vienna, March 2018

Evolving Global Oil Trade Flows. IEA-IEF-OPEC Joint Meeting Vienna, March 2018 Evolving Global Oil Trade Flows IEA-IEF-OPEC Joint Meeting Vienna, March 2018 SHIFTING FLOWS: WHAT HAS THIS MEANT IN PRACTICE? US/Europe crude imports & exports Saudi crude to Poland Chinese teapots importing

More information

Natural gas. 26 Reserves 28 Production and consumption 33 Prices 34 Trade movements. 67 th edition

Natural gas. 26 Reserves 28 Production and consumption 33 Prices 34 Trade movements. 67 th edition Natural gas 26 Reserves 28 Production and consumption 33 Prices 34 Trade movements 67 th edition Natural gas Total proved reserves At end 1997 At end 2007 At end 2016 At end Trillion Trillion Trillion

More information

Market outlook for the Breakbulk & Heavy-Lift sector BreakBulk Americas 2016

Market outlook for the Breakbulk & Heavy-Lift sector BreakBulk Americas 2016 Market outlook for the Breakbulk & Heavy-Lift sector BreakBulk Americas 2016 29th September 2016 Agenda: Blue Water Blues: Fleet Outlook Vessel Supply Multipurpose vessels and project carriers Cargo Demand

More information

World Air Conditioner Demand by Region

World Air Conditioner Demand by Region World Air Conditioner Demand by Region April 2015 The Japan Refrigeration and Air Conditioning Industry Association 1 World Air Conditioner Demand by Region April 2015 The Japan Refrigeration and Air Conditioning

More information

World Geographic Shares

World Geographic Shares World Geographic Shares North America South America Europe Africa Asia Australia/ Oceania 18% 13% 7% 22% 33% 6% World Population Shares North America South America Europe Africa Asia Australia/ Oceania

More information

Multipurpose & Heavy-Lift Fleet Update BreakBulk Europe 2016

Multipurpose & Heavy-Lift Fleet Update BreakBulk Europe 2016 Multipurpose & Heavy-Lift Fleet Update BreakBulk Europe 2016 26 th May 2016 Agenda: No let-up: MPV/HL Fleet still under siege Vessel Supply Multipurpose vessels and project carriers Cargo Demand Dry cargo

More information

2011 Third Quarter Update 17 November 2011

2011 Third Quarter Update 17 November 2011 2011 Third Quarter Update 17 November 2011 Operations Highlights Group (In HK$ millions) 3Q11 3Q10 2011 2010 Sales 1,334 1,125 +19% 3,983 3,262 +22% Gross profit 767 638 +20% 2,348 1,875 +25% Gross margin

More information

Monthly Newbuilding Market Report

Monthly Newbuilding Market Report Monthly Newbuilding Market Report Issue: April 2016 Overview of Ordering Activity (per vessel type / Top Ranking of Contractors) page 1 Ordering Activity (No. of Units ordered, Dwt, Invested Capital) page

More information

67 th edition. Renewable energy. Appendices. 44 Other renewables consumption 45 Biofuels production

67 th edition. Renewable energy. Appendices. 44 Other renewables consumption 45 Biofuels production Renewable energy 44 Other renewables consumption 45 Biofuels production Appendices A1 Solar Generation A2 Wind Generation A3 Geothermal, biomass and other Generation A4 Geothermal Cumulative installed

More information

Future Trends in the Global Bunker Market

Future Trends in the Global Bunker Market Future Trends in the Global Bunker Market Will Bathurst, Senior Analyst SSY Consultancy & Research Bunker Asia Forum Singapore, 7th Whilst care and attention has been taken to ensure that the information

More information

Emerging Trends in Petroleum Markets

Emerging Trends in Petroleum Markets Emerging Trends in Petroleum Markets For Defense Logistics Agency, Worldwide Energy Conference Washington, D.C. By T. Mason Hamilton, Petroleum Markets Analyst U.S. Energy Information Administration Independent

More information

The Case for Mexico to Improve Vehicle Fuel Efficiency

The Case for Mexico to Improve Vehicle Fuel Efficiency The Case for Mexico to Improve Vehicle Fuel Efficiency Feng An Energy and Transportation Technologies LLC Katherine Blumberg International Council on Clean Transportation Workshop on Sustainable Transport

More information

I. World trade in Overview

I. World trade in Overview I. World trade in - Overview Table I.1 Growth in the volume of world merchandise exports and production, 2-5 (Annual percentage change) 2-5 23 24 World merchandise exports 4.5 5. 9.5 6. Agricultural products

More information

BUSINESS OVERVIEW FEBRUARY

BUSINESS OVERVIEW FEBRUARY BUSINESS OVERVIEW FEBRUARY 2018 Except for historical information, the statements made in this presentation constitute forward looking statements. These include statements regarding the intent, belief

More information

Inbound Tourism Trends Quarterly Quarter Issue 24 January 2018

Inbound Tourism Trends Quarterly Quarter Issue 24 January 2018 Inbound Tourism Trends Quarterly Quarter 3 217 Issue 24 January 218 1 Contents 1. About this data 2. Global Context: Global view, Economic outlook and Exchange rate 3. Inbound Volume and Value (Journey

More information

Coal. 36 Reserves and prices 38 Production and consumption. 67 th edition

Coal. 36 Reserves and prices 38 Production and consumption. 67 th edition Coal 36 Reserves and prices 38 Production and consumption 67 th edition Total proved reserves at end 217 Million tonnes Anthracite and bituminous Subbituminous and lignite US 228 3116 25916 24.2% 357 Canada

More information

Shipbuilding Statistics SEPTEMBER, 2018

Shipbuilding Statistics SEPTEMBER, 2018 Shipbuilding Statistics SEPTEMBER, 2018 Contents: Shipbuilding Statistics (SEPTEMBER, 2018) 1. World New Orders... 1 2. World Completions... 2 3. World Orderbook at Year-End... 3 4. World Merchant Fleets

More information

Inbound Tourism Trends Quarterly Q Issue 20 January 2017

Inbound Tourism Trends Quarterly Q Issue 20 January 2017 Inbound Tourism Trends Quarterly Q3 216 Issue 2 January 217 1 Contents 1. About this data 2. Global Context: Global view, Economic outlook and Exchange rate 3. Inbound Volume and Value 4. Journey Purpose,

More information

World real merchandise trade grows faster than output

World real merchandise trade grows faster than output I. I. world trade developments 8 Merchandise trade and GDP World real merchandise trade grows faster than output In 2006, the volume of world merchandise trade grew by 8 per cent while world gross domestic

More information

Mediterranean Oil Market Outlook (covering Crude Oil & Oil Products)

Mediterranean Oil Market Outlook (covering Crude Oil & Oil Products) Mediterranean Oil Market Outlook (covering Crude Oil & Oil Products) September 2018 bancosta blue studies volume WET 2018/#17 research www.bancosta.com ; research@bancosta.com Sep 2018 Med Oil Outlook

More information

About Czarnikow. The Premier Provider of Sugar Market Services. Czarnikow has been in the sugar business since 1861

About Czarnikow. The Premier Provider of Sugar Market Services. Czarnikow has been in the sugar business since 1861 About Czarnikow The Premier Provider of Sugar Market Services Czarnikow has been in the sugar business since 1861 Czarnikow is the leading professional services company in the sugar market Czarnikow has

More information

GLOBAL SUMMARY REPORT Market for High Voltage Insulators & Bushings

GLOBAL SUMMARY REPORT Market for High Voltage Insulators & Bushings GLOBAL SUMMARY REPORT Market for High Voltage Insulators & Bushings 2010-2015 - 2025 GOULDEN REPORTS October 2016 No 1 Priorsfield, Marlborough, Wiltshire, SN84AQ. United Kingdom Tel: +44 1672 513316 Fax:

More information

Shipbuilding Statistics APRIL, 2017

Shipbuilding Statistics APRIL, 2017 Shipbuilding Statistics APRIL, 2017 Contents: Shipbuilding Statistics (APRIL, 2017) 1. World New Orders... 1 2. World Completions... 2 3. World Orderbook at Year-End... 3 4. World Merchant Fleets by Ship

More information

FEDERAL RESERVE statistical release

FEDERAL RESERVE statistical release FEDERAL RESERVE statistical release FOR IMMEDIATE RELEASE MARCH 16, 1992 E.U C1Z1, GEOGRAPHICAL r DISTRIBUTION n OF e ASSETS AND^LIABILITIES (IN MILLIONS OF DOLLARS) ASSETS COUNTRY OF CUSTOMER 12/31/90

More information

Spain s exports by oil product group and country of destination. Year Corporación de Reservas Estratégicas de Productos Petrolíferos

Spain s exports by oil product group and country of destination. Year Corporación de Reservas Estratégicas de Productos Petrolíferos Corporación de Reservas Estratégicas de Productos Petrolíferos Castellana, 79 28046 Madrid T. +34 91 360 09 10 Updated F. +34 91 420 on39 45 www.cores.es July 13 th 2015 Spain s exports by oil product

More information

STATISTICAL ANNEX NOTE ON QUARTERLY PROJECTIONS

STATISTICAL ANNEX NOTE ON QUARTERLY PROJECTIONS OECD Economic Outlook, Volume 2017 Issue 1 OECD 2017 This annex contains data on key economic series which provide a background to the recent economic developments in the OECD area described in the main

More information

International Coal Markets

International Coal Markets International Coal Markets www.coalimp.org.uk Nigel Yaxley Managing Director, CoalImp 26 th November 28 International Coal Markets World supply and demand Seaborne trade Reserves and resources International

More information

Information Technology and Economic Development: An Introduction to the Research Issues

Information Technology and Economic Development: An Introduction to the Research Issues November 1998 Working Papers No. 153 Information Technology and Economic Development: An Introduction to the Research Issues TABLE 1 WORLD-WIDE INFORMATION TECHNOLOGY MARKET BREAKDOWN, 1995

More information

Marine Money Japan Ship Finance Forum

Marine Money Japan Ship Finance Forum Marine Money Japan Ship Finance Forum Current Situation in Shipbuilding -World and Japan- Masashi Terakado The Shipbuilders Association of Japan May 12th, 2016 Contents 1. Current Situation and Projection

More information

ORDERBOOK OBSERVER M A R C H

ORDERBOOK OBSERVER M A R C H ORDERBOOK OBSERVER M A R C H 2 1 7 Tanker Orderbook by Builder Country Rank Country No. Mn Dwt Mn CGT Tanker Orders by Size Segment Share (%) of Total 1 South Korea 18 25.5 5. 38.8% 2 China 159 21.1 4.3

More information

WORLD MOTOR VEHICLE PRODUCTION BY COUNTRY AND TYPE QUARTERS June 14, 2018

WORLD MOTOR VEHICLE PRODUCTION BY COUNTRY AND TYPE QUARTERS June 14, 2018 QUARTERS 2017-2018 June 14, 2018 CONTENTS BASEPROTOTAL BASEPROCARS BASEPROLCV BASEPROHCV BASEPROBC Summation of cars, LCVs, HCVs, heavy buses Cars LCVs HCVs Heavy buses Note: The production of cars and

More information

Trends in U.S. crude oil and petroleum product exports

Trends in U.S. crude oil and petroleum product exports Trends in U.S. crude oil and petroleum product exports For ENERCOM Oil & Gas Conference August 21, 218 Denver, Colorado By T. Mason Hamilton, Petroleum Markets Analyst, Office of Energy Markets and Financial

More information

Global Polybutadiene Rubber (BR) Market Study ( )

Global Polybutadiene Rubber (BR) Market Study ( ) Global Polybutadiene Rubber (BR) Market Study (2014 2025) Table of Contents 1. INTRODUCTION 1.1. Introduction to Polybutadiene Rubber Market Product Description Properties Industry Structure Value Chain

More information

Global LPG Shipping and Pricing Trending Topics. November

Global LPG Shipping and Pricing Trending Topics. November Global LPG Shipping and Pricing Trending Topics November 2017 1 Market snapshot Total LPG Production 305 million tons Highest ever level 5-year market growth 18% Twice as fast as crude oil growth Top Producer

More information

MALAYSIAN BULK CARRIERS BERHAD ( W)

MALAYSIAN BULK CARRIERS BERHAD ( W) www.maybulk.com.my MALAYSIAN BULK CARRIERS BERHAD (175953-W) Contents t Commercial highlights Page 3 MBC Fleet composition 4 Shipping Revenue Composition and Operating Profit 5 MBC Fleet TCE rates 6 Fleet

More information

The Impact of Shale Oil Production Growth in the US

The Impact of Shale Oil Production Growth in the US The Impact of Shale Oil Production Growth in the US Presentation to IMSF, Copenhagen By Selena Yan, Senior Analyst www.clarksons.com Disclaimer The material and the information (including, without limitation,

More information

Next Release: 14 November Next Release: 14 November July

Next Release: 14 November Next Release: 14 November July 43282 Next Release: 14 November 2018 Next Release: 14 November 2018 July Date of publication: 12 October 2018 TABLE OF CONTENTS Charts 1 Gross consumption of natural gas by OECD region 3 2 Indigenous production

More information

Oil. 12 Reserves 14 Production and consumption 20 Prices 22 Refining 24 Trade movements. 67 th edition

Oil. 12 Reserves 14 Production and consumption 20 Prices 22 Refining 24 Trade movements. 67 th edition Oil 12 Reserves 14 Production and consumption 20 Prices 22 Refining 24 Trade movements 67 th edition Oil Total proved reserves At end 1997 At end 2007 At end 2016 At end Thousand million barrels Thousand

More information

Next Release: 16 May Next Release: 16 May January

Next Release: 16 May Next Release: 16 May January 43101 Next Release: 16 May 2018 Next Release: 16 May 2018 January Date of publication: 13 April 2018 TABLE OF CONTENTS Charts 1 Gross consumption of natural gas by OECD region 3 2 Indigenous production

More information

UXC.COM A PUBLICATION OF. NPO Overview 1501 MACY DRIVE ROSWELL, GA PH FX

UXC.COM A PUBLICATION OF. NPO Overview 1501 MACY DRIVE ROSWELL, GA PH FX 2019 A PUBLICATION OF UXC.COM NPO Overview 1501 MACY DRIVE ROSWELL, GA 30076 PH +1 770 642-7745 FX +1 770 643-2954 NOTICE UxC, LLC ( UxC ) shall have title to, ownership of, and all proprietary rights

More information

India & Asia. Steel Scrap Industry BY: VED PRAKASH GEMINI CORPORATION N. V., BELGIUM

India & Asia. Steel Scrap Industry BY: VED PRAKASH GEMINI CORPORATION N. V., BELGIUM India & Asia Steel Scrap Industry BY: VED PRAKASH GEMINI CORPORATION N. V., BELGIUM 1 GEMINI CORPORATION N. V. Steel, Recyclable Plastics, Rubber and Engineered Wood Panels 2 Content How competitive are

More information

The Outlook for Energy:

The Outlook for Energy: The Outlook for Energy: A View to 2040 Paul L. Tanaka November 9, 2015 This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and

More information

Thermal Coal Market Presentation to UNECE Ad Hoc Group of Experts on Coal in Sustainable Development December 7, 2004

Thermal Coal Market Presentation to UNECE Ad Hoc Group of Experts on Coal in Sustainable Development December 7, 2004 Thermal Coal Market Presentation to UNECE Ad Hoc Group of Experts on Coal in Sustainable Development December 7, 2004 Barlow Jonker Pty Ltd Commercial in Confidence 1 Presentation Outline 1. Barlow Jonker

More information

POLYOLEFIN PRICE TRENDS AND TRADE FLOWS IN KEY AREAS Is It Possible To Mitigate Market Volatility?

POLYOLEFIN PRICE TRENDS AND TRADE FLOWS IN KEY AREAS Is It Possible To Mitigate Market Volatility? POLYOLEFIN PRICE TRENDS AND TRADE FLOWS IN KEY AREAS Is It Possible To Mitigate Market Volatility? Zachary Moore ChemOrbis 11-12 June, 2014 FUTURE OF POLYOLEFINS 2014, Düsseldorf Agenda 1. ChemOrbis introduction

More information

Sharp Decline in Vegetable Oil Stocks Leads to Steeply Higher Prices

Sharp Decline in Vegetable Oil Stocks Leads to Steeply Higher Prices United States Department of Agriculture Foreign Agricultural Service Circular Series FOP 1-11 Sharp Decline in Vegetable Oil Leads to Steeply Higher Prices Commodity prices have been on an upward trend

More information

Production (bbl/day)

Production (bbl/day) 1 of 5 14/09/2011 22:15 From Wikipedia, the free encyclopedia This is a list of countries by oil production mostly based on CIA World Factbook data. [1] Note that oil production refers to the sum of barrels

More information

Newbuildings & Yards 20 June Marine Money Week New York Prepared by Angelica Kemene Head of Market Analysis & Intelligence

Newbuildings & Yards 20 June Marine Money Week New York Prepared by Angelica Kemene Head of Market Analysis & Intelligence Newbuildings & Yards 2 June 218 Marine Money Week New York Prepared by Angelica Kemene Head of Market Analysis & Intelligence Sectors: Cycle Position May 218 % deviation from earnings average 29-218 China

More information

DRY BULK FREIGHT MARKET OUTLOOK MJUNCTION INDIAN STEEL MARKETS CONFERENCE

DRY BULK FREIGHT MARKET OUTLOOK MJUNCTION INDIAN STEEL MARKETS CONFERENCE DRY BULK FREIGHT MARKET OUTLOOK MJUNCTION INDIAN STEEL MARKETS CONFERENCE JUNE 2018 PRESENTATION STRUCTURE where are we in the dry bulk freight market cycle? current freight rates in perspective fundamental

More information

TABLE OF CONTENTS OECD/IEA, 2017

TABLE OF CONTENTS OECD/IEA, 2017 TABLE OF CONTENTS Foreword... 3 Acknowledgements... 4 Executive Summary... 13 Coal s decade of stagnation... 13 While some demand centres are in decline, others are taking off... 13 High prices endure,

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3

KINGDOM OF CAMBODIA NATION RELIGION KING 3 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT March 2018 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara, Phnom

More information

Textile Per Capita Consumption

Textile Per Capita Consumption November 2017 Textile Per Capita Consumption 2005-2022 Part 1: Lower middle income countries CHF300.- Table of Contents Preface... 4 Sources... 5 Definitions... 6 Charts... 7 Executive Summary... 9 Country

More information

Soybean Trade Growth: A Story of Brazil, the United States, and China

Soybean Trade Growth: A Story of Brazil, the United States, and China United States Department of Agriculture Foreign Agricultural Service October 2017 Soybean Trade Growth: A Story of Brazil, the United States, and China 12-Month Soybean Export Growth Year Ending September

More information

FAPRI Food and Agricultural Policy Research Institute

FAPRI Food and Agricultural Policy Research Institute 26 WORLD OUTLOOK Presentation Food and Agricultural Policy Research Institute Global Macroeconomic Overview Sustained and widespread real economic growth for the decade averaging 3.1%. Industrialized countries

More information

MARANTA PETROLEUM LTD October 2018

MARANTA PETROLEUM LTD   October 2018 MARANTA PETROLEUM LTD http://www.marantaoil.com October 2018 Agenda About MARANTA PETROLEUM LTD Our Services 1- Global Trade 2- Storage 3- Transport 4- Marketing Our Products Cooperation and Collaboration

More information

All Aboard: The Dry Bulk Markets Changing Course. A Presentation to Global Grain Asia. by Janina Lam, Howe Robinson Shipbrokers

All Aboard: The Dry Bulk Markets Changing Course. A Presentation to Global Grain Asia. by Janina Lam, Howe Robinson Shipbrokers All Aboard: The Dry Bulk Markets Changing Course A Presentation to Global Grain Asia by Janina Lam, Howe Robinson Shipbrokers 12 th March 214 Index Value ( ) Baltic Dry Index 22 Today 12 BDI 9 BDI Annual

More information

Turkish Steel Industry s Interaction with MENA

Turkish Steel Industry s Interaction with MENA Turkish Steel Industry s Interaction with MENA ADALAT KAZIMLI, Marketing and Sales Director International Trade, December, 214 1/23 ISDEMIR Port 2/23 World GDP Growth Emerging countries are the driving

More information

Monthly Economic Letter

Monthly Economic Letter Monthly Economic Letter Cotton Market Fundamentals & Price Outlook RECENT PRICE MOVEMENT All benchmark prices except the CC Index increased over the past month. Prices for the March NY futures contract

More information

Unlawful distribution of this report is prohibited. IFCHOR Group Research

Unlawful distribution of this report is prohibited. IFCHOR Group Research Unlawful distribution of this report is prohibited IFCHOR Group Research Marine Money Geneva Forum - 29 th June 2016 DRY BULK SUPPLY OVERVIEW Capacity Surplus... Yearly net fleet change..... FUNDAMENTALS

More information

The Sulphur Market Outlook

The Sulphur Market Outlook The Sulphur Market Outlook Mike Kitto Principal Consultant Sulphur CRU China International Sulphur&Sulphuric Acid Conference(211) The sulphur market outlook Mike Kitto CRU, UK. Part 1: Recent market trends

More information

China Changjiang National Shipping (Group) Corporation Delegation

China Changjiang National Shipping (Group) Corporation Delegation WELCOME China Changjiang National Shipping (Group) Corporation Delegation Minerva Alfonso UK Regional Manager London, 29 November 2006 International Association of Independent Tanker Owners Membership:

More information

Focus on Refinery Product Flows

Focus on Refinery Product Flows December 14, 2016 Focus on Refinery Product Flows Stratas Advisors Gasoline Imports in 2014 CIS and the Middle East are the largest gasoline exporters to Asia. While China and India do not import gasoline

More information

Operating Expenses and Margin Analysis of the European Union (EU) Refineries vs Regional Peers

Operating Expenses and Margin Analysis of the European Union (EU) Refineries vs Regional Peers Operating Expenses and Margin Analysis of the European Union (EU) Refineries vs Regional Peers Tracy Ellerington Third Meeting of the EU Refining Forum 22 May 214 Solomon Benchmarking Global Standard We

More information

TABLE OF CONTENTS 6 MEDIUM-TERM COAL MARKET REPORT 2012

TABLE OF CONTENTS 6 MEDIUM-TERM COAL MARKET REPORT 2012 TABLE OF CONTENTS FOREWORD... 3 ACKNOWLEDGEMENTS... 5 EXECUTIVE SUMMARY... 12 Business as usual... 12 The winds of change... 12 US shale gas switches on coal in Europe... 13 From Beijing to New Delhi?...

More information

Spain s imports by oil product group and country of origin

Spain s imports by oil product group and country of origin Corporación de Reservas Estratégicas de Productos Petrolíferos Castellana, 79 28046 Madrid T. +34 91 360 09 10 Updated F. +34 91 420 on39 45 www.cores.es September 12 th 2018 Spain s imports by oil product

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3

KINGDOM OF CAMBODIA NATION RELIGION KING 3 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT March 2015 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara, Phnom

More information

UK Continental Shelf (UKCS) Oil and Gas Production and the UK Economy. Mike Earp

UK Continental Shelf (UKCS) Oil and Gas Production and the UK Economy. Mike Earp UK Continental Shelf (UKCS) Oil and Gas Production and the UK Economy Mike Earp 15 June 215 Outline Production and Reserves Expenditure, Income and Taxation Gross Value Added Trade Recent Production History

More information

Toyota IMV Sales Reach Global 5 Million-unit Mark

Toyota IMV Sales Reach Global 5 Million-unit Mark Apr. 06, 2012 Toyota IMV Sales Reach Global 5 Million-unit Mark Toyota City, Japan, April 6, 2012 Toyota Motor Corporation (TMC) announces that worldwide cumulative sales of its Innovative International

More information

Global Oil Exports: Smooth Sailing Or Midnight on the Titanic?

Global Oil Exports: Smooth Sailing Or Midnight on the Titanic? Global Oil Exports: Smooth Sailing Or Midnight on the Titanic? Jeffrey J. Brown; Samuel Foucher, PhD; Tiger Craft*, Fortress Investment Group April 26, 2012 * All views are those of the authors, and Fortress

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3

KINGDOM OF CAMBODIA NATION RELIGION KING 3 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT September 2018 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara,

More information

Global Dialysis - Cost per Dialysis Session

Global Dialysis - Cost per Dialysis Session Cost per session for dialysis where a cost has been entered for a dialysis centre. All costs have been converted to US Dollars as at 19 May 2006. Note that the costs do not state what is covered by a dialysis

More information

Market Report Series: Oil 2018 Analysis & Forecasts to Energy Community 10 th Oil Forum, Belgrade, 25 September 2018

Market Report Series: Oil 2018 Analysis & Forecasts to Energy Community 10 th Oil Forum, Belgrade, 25 September 2018 Market Report Series: Oil 218 Analysis & Forecasts to 223 Energy Community 1 th Oil Forum, Belgrade, 25 September 218 Short term update: crude prices (excl. WTI) up strongly Aug/Sep $/bbl 8 Benchmark Crude

More information

Global Motorcycle Market Research Report 2018

Global Motorcycle Market Research Report 2018 Report Information More information from: https://www.wiseguyreports.com/reports/3271957-global-motorcycle-market-research-report-2018 Global Motorcycle Market Research Report 2018 Report / Search Code:

More information

Economic and Market Report. EU Automotive Industry Quarter

Economic and Market Report. EU Automotive Industry Quarter Economic and Market Report EU Automotive Industry Quarter 3 2017 December 2017 CONTENTS EU economic outlook... 2 Passenger cars... 4 Registrations... 4 World... 4 The European Union... 6 Passenger car

More information

Monthly Economic Letter

Monthly Economic Letter Monthly Economic Letter Cotton Market Fundamentals & Price Outlook RECENT PRICE MOVEMENT NY futures experienced volatility in early April. Current values for all benchmark prices are flat to lower relative

More information

(annual average compound growth rate)

(annual average compound growth rate) Table 3-1. 3KDVHVRI*URZWKE\0DMRU5HJLRQ (annual average compound growth rate) 1820-70 1870-1913 1913-50 1950-73 1973-92 1820-1992 GDP Western Europe 1.7 2.1 1.4 4.7 2.2 2.2 Western Offshoots 4.3 3.9 2.8

More information

35,000 52,000 87,000 1,600 8, ,400 76,600. Mean Crop. Monthly YTD Min ,671 8,211 Max. 2017

35,000 52,000 87,000 1,600 8, ,400 76,600. Mean Crop. Monthly YTD Min ,671 8,211 Max. 2017 YTD Inventory / Shipment Report In Shell Basis Crop: 2018 Monthly Market Prices FCA Hamburg Iranian Dried In Shell 28/30 Fandoghi Pistachios Total Consumption Ending Inventory 2nd Marketing Month YTD Carry

More information

Table 13 Production, trade and supply of conventional crude oil Thousand metric tons; kilograms per capita; reserves production ratio (R/P) in years

Table 13 Production, trade and supply of conventional crude oil Thousand metric tons; kilograms per capita; reserves production ratio (R/P) in years , trade and supply of conventional crude oil Thousand metric tons; kilograms per capita; reserves production ratio (R/P) in years Table Notes The Reserves / ratio refers to crude oil and natural gas liquids.

More information

Economic and Market Report. EU Automotive Industry Quarter

Economic and Market Report. EU Automotive Industry Quarter Economic and Market Report EU Automotive Industry Quarter 2 2017 September 2017 CONTENTS Passenger cars... 2 Registrations... 2 World... 2 The European Union... 4 Passenger car registrations by fuel type...

More information

The Tanker Sustainability Scenarios

The Tanker Sustainability Scenarios Prof Martin Stopford President, Clarkson Research The Tanker Sustainability Scenarios Future view of tanker Industry Intertanko Sustainability Day Grand Hotel, Oslo, 30 th May 2013 1. A word about scenarios

More information

Global Downstream Petroleum Outlook

Global Downstream Petroleum Outlook Global Downstream Petroleum Outlook Claude Mandil Executive Director International Energy Agency 3 rd OPEC International Seminar Vienna, 12 September 26 Spare Refinery Capacity Has Tightened 9 1% 85 95%

More information

The Evolution of the World Oil Tanker Industry and its Key Challenges Stephen Van Dyck Chairman, INTERTANKO

The Evolution of the World Oil Tanker Industry and its Key Challenges Stephen Van Dyck Chairman, INTERTANKO World Shipping (China) Summit 2006, Shenzhen 3 November 2006 The Evolution of the World Oil Tanker Industry and its Key Challenges Stephen Van Dyck Chairman, INTERTANKO International Association of Independent

More information

Global Monthly March 2019

Global Monthly March 2019 Global Monthly March 19 Percent of world bonds outstanding 3 5 15 5 Jan-1 Jun-1 Nov-1 Apr-15 Sep-15 Feb-1 Jul-1 Dec-1 May-17 Oct-17 Mar-1 Aug-1 Dec-1 Mar-19 March 19 Percent, year-on-year 7 5 3 1 1Q1 1Q

More information

Monthly Economic Letter

Monthly Economic Letter Monthly Economic Letter Cotton Market Fundamentals & Price Outlook RECENT PRICE MOVEMENT Benchmark prices were flat or slightly higher over the past month. Prices for the May NY futures contract increased

More information

Share of Brazil s Soybean Exports to China Spikes in August

Share of Brazil s Soybean Exports to China Spikes in August United States Department of Agriculture Foreign Agricultural Service September 2018 Share of Brazil s Soybean Exports to China Spikes in August Monthly Share of Brazil's Soybean Exports to China 85% 75%

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3

KINGDOM OF CAMBODIA NATION RELIGION KING 3 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT October 2018 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara,

More information

Indian Soybean Meal Exports Unlikely to Recover in 2015/16

Indian Soybean Meal Exports Unlikely to Recover in 2015/16 United States Department of Agriculture Foreign Agricultural Service November 2015 Indian Soybean Meal Exports Unlikely to Recover in Though once a significant regional exporter of soybean meal, India

More information

Monthly Economic Letter

Monthly Economic Letter Monthly Economic Letter Cotton Market Fundamentals & Price Outlook RECENT PRICE MOVEMENT The A Index, NY Nearby, and Indian spot prices all increased over the past month. Chinese and Pakistani prices were

More information

Performance Derby: MSCI Regions/Countries Earnings & Revenues Growth 2019E / 2018E / 2017A

Performance Derby: MSCI Regions/Countries Earnings & Revenues Growth 2019E / 2018E / 2017A Performance Derby: MSCI Regions/Countries Earnings & Revenues Growth 2019E / 2018E / 2017A February 28, 2018 Dr. Ed Yardeni 516-972-7683 eyardeni@yardeni.com Joe Abbott 732-497-5306 jabbott@yardeni.com

More information

International Rubber Study Group, London Economic and Social Institute, Amsterdam

International Rubber Study Group, London Economic and Social Institute, Amsterdam The future for natural rubber in the world rubber industry: availability, prices and substitution Paper prepared for the meeting of the Finnish Rubber Industry Helsinki 23 April 24 Presented by Fazilet

More information

Global Luxury Footwear Market Research Report 2018

Global Luxury Footwear Market Research Report 2018 Report Information More information from: https://www.wiseguyreports.com/reports/3141540-global-luxury-footwear-market-research-report-2018 Global Luxury Footwear Market Research Report 2018 Report / Search

More information

KINGDOM OF CAMBODIA NATION RELIGION KING 3

KINGDOM OF CAMBODIA NATION RELIGION KING 3 KINGDOM OF CAMBODIA NATION RELIGION KING 3 TOURISM STATISTICS REPORT December 2015 MINISTRY OF TOURISM Statistics and Tourism Information Department No. A3, Street 169, Sangkat Veal Vong, Khan 7 Makara,

More information

Table 23 Production of minor oil products from refineries - by type Thousand metric tons

Table 23 Production of minor oil products from refineries - by type Thousand metric tons Table 23 Production of minor oil from refineries - by type Table Notes Data refer to production from refineries of refinery, ethane, naphtha, lubricants, bitumen, paraffin, petroleum, white spirit, and

More information

SEARCHING FOR GROWTH MARKETS. MUSTAFA MOHATAREM Chief Economist, General Motors

SEARCHING FOR GROWTH MARKETS. MUSTAFA MOHATAREM Chief Economist, General Motors SEARCHING FOR GROWTH MARKETS MUSTAFA MOHATAREM Chief Economist, General Motors GLOBAL ECONOMIC AND INDUSTRY OUTLOOK Global auto sales jumped more than 45 percent over the last decade China accounted for

More information