COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 01 June 16
ZERO SUPPLY TO FUEL GROWTH IN THE DRY BULK MARKET SAYS BIMCO PRESIDENT
BIMCOThe dry bulk market could become profitable again in 2019 – but only if a series of extremely tough and sustained measures are taken by shipowners, year on year. This is the message from BIMCO President, Philippe Louis-Dreyfus, ahead of Posidonia 2016 as BIMCO releases new market analysis – “The Road to Recovery” – on what the dry bulk sector must do to return to profitability.

BIMCO has developed a new analysis model designed to highlight the actions needed for struggling shipping markets to recover – and to be able to track the progress of the recovery. Using this model, BIMCO has developed a “zero supply side growth” scenario for recovery of the dry bulk market. This scenario requires shipowners to neutralise the delivery of new ships every year by scrapping an equal amount of capacity from the existing fleet.

Commenting on the new analysis Mr Louis-Dreyfus described the dry bulk market as being in a “terrible” condition. He said:

“We cannot expect to be helped by growth in demand, the recovery of the market is wholly and exclusively in the hands of us, the shipowners.”

“The medicine is not going to be easy to take, zero supply growth has been achieved only three times in recent history, during the 1980s and 1990s. The task ahead of us is huge and must be sustained year after year.”

“We need to demolish an enormous number of ships and refrain from building new ships.”

BIMCO President Philippe Louis-Dreyfus also insists that scrapping older vessels is not only a good way forward to a better market, it is also an essential measure in favour of the environment and, last but not least, the safety of crews.

The first piece of analysis using this model focuses on the dry bulk sector, but BIMCO will later also use the model to analyse fundamental changes in other shipping markets.
Source: BIMCO | Hellenic Shipping News


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called ...


Friday, 27 May 16
US COAL PRODUCTION ROSE 2.9% WOW, ACCORDING TO EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.7 million short tons (mm ...


Thursday, 26 May 16
GIANT ORE CARRIERS SET TO PLAY A BIGGER ROLE IN THE GLOBAL SHIPPING FLEET: CHINA EMBRACES VALEMAXES - RICHARD SCOTT
Another phase of the giant ships era is approaching. Chinese shipowners placed orders recently for 30 huge ‘valemax’ ore carriers. Thes ...


Wednesday, 25 May 16
MEDIATION AS A WAY TO RESOLVE DISPUTES IN THE SHIPPING INDUSTRY - LANA JACOBS
KNOWLEDGE TO ELEVATE The shipping market is currently experiencing a serious recession with the Baltic Dry Index and Baltic Capesize Index bot ...


Wednesday, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...


   482 483 484 485 486   
Showing 2416 to 2420 news of total 6871
News by Category
Popular News
 
Total Members : 28,618
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Sinarmas Energy and Mining - Indonesia
  • TRAFIGURA, South Korea
  • San Jose City I Power Corp, Philippines
  • Petron Corporation, Philippines
  • Sojitz Corporation - Japan
  • Lanco Infratech Ltd - India
  • Credit Suisse - India
  • Ince & co LLP
  • Madhucon Powers Ltd - India
  • Samsung - South Korea
  • Geoservices-GeoAssay Lab
  • Ambuja Cements Ltd - India
  • Inco-Indonesia
  • Arch Coal - USA
  • Mintek Dendrill Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Makarim & Taira - Indonesia
  • NTPC Limited - India
  • Clarksons - UK
  • Jatenergy - Australia
  • Thermax Limited - India
  • Metalloyd Limited - United Kingdom
  • Noble Europe Ltd - UK
  • Sakthi Sugars Limited - India
  • Singapore Mercantile Exchange
  • OCBC - Singapore
  • Tata Power - India
  • BRS Brokers - Singapore
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Meenaskhi Energy Private Limited - India
  • LBH Netherlands Bv - Netherlands
  • TNB Fuel Sdn Bhd - Malaysia
  • BNP Paribas - Singapore
  • Altura Mining Limited, Indonesia
  • UOB Asia (HK) Ltd
  • Chettinad Cement Corporation Ltd - India
  • South Luzon Thermal Energy Corporation
  • Siam City Cement PLC, Thailand
  • Savvy Resources Ltd - HongKong
  • Aditya Birla Group - India
  • Cosco
  • ANZ Bank - Australia
  • AsiaOL BioFuels Corp., Philippines
  • Economic Council, Georgia
  • Deloitte Consulting - India
  • Mechel - Russia
  • Barasentosa Lestari - Indonesia
  • HSBC - Hong Kong
  • Posco Energy - South Korea
  • Marubeni Corporation - India
  • Latin American Coal - Colombia
  • Karaikal Port Pvt Ltd - India
  • Sical Logistics Limited - India
  • Panama Canal Authority
  • IOL Indonesia
  • Samtan Co., Ltd - South Korea
  • PetroVietnam
  • Oldendorff Carriers - Singapore
  • Global Business Power Corporation, Philippines
  • European Bulk Services B.V. - Netherlands
  • SN Aboitiz Power Inc, Philippines
  • Barclays Capital - USA
  • Price Waterhouse Coopers - Russia
  • Holcim Trading Pte Ltd - Singapore
  • Pendopo Energi Batubara - Indonesia
  • Carbofer General Trading SA - India
  • TANGEDCO India
  • Mitsui
  • TeaM Sual Corporation - Philippines
  • Commonwealth Bank - Australia
  • Enel Italy
  • Straits Asia Resources Limited - Singapore
  • Larsen & Toubro Limited - India
  • Maheswari Brothers Coal Limited - India
  • Maharashtra Electricity Regulatory Commission - India
  • Energy Link Ltd, New Zealand
  • Globalindo Alam Lestari - Indonesia
  • Humpuss - Indonesia
  • Parliament of New Zealand
  • CIMB Investment Bank - Malaysia
  • Bank of America
  • EMO - The Netherlands
  • CCIC - Indonesia
  • Australian Coal Association
  • Iligan Light & Power Inc, Philippines
  • Sree Jayajothi Cements Limited - India
  • SUEK AG - Indonesia
  • Argus Media - Singapore
  • Mitsubishi Corporation
  • International Coal Ventures Pvt Ltd - India
  • Moodys - Singapore
  • CoalTek, United States
  • Surastha Cement
  • Merrill Lynch Bank
  • SMC Global Power, Philippines
  • Mercator Lines Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Cargill India Pvt Ltd
  • Inspectorate - India
  • Global Green Power PLC Corporation, Philippines
  • PLN - Indonesia
  • Salva Resources Pvt Ltd - India
  • Indian Oil Corporation Limited
  • Dalmia Cement Bharat India
  • GMR Energy Limited - India
  • Eastern Energy - Thailand
  • Indorama - Singapore
  • ETA - Dubai
  • Kapuas Tunggal Persada - Indonesia
  • Agrawal Coal Company - India
  • Berau Coal - Indonesia
  • PLN Batubara - Indonesia
  • Cardiff University - UK
  • Maruti Cements - India
  • IHS Mccloskey Coal Group - USA
  • Neyveli Lignite Corporation Ltd, - India
  • KEPCO - South Korea
  • VISA Power Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • McKinsey & Co - India
  • TNPL - India
  • Australian Commodity Traders Exchange
  • Maersk Broker
  • Timah Investasi Mineral - Indoneisa
  • Pipit Mutiara Jaya. PT, Indonesia
  • Star Paper Mills Limited - India
  • Tanito Harum - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Tamil Nadu electricity Board
  • SMG Consultants - Indonesia
  • Core Mineral Indonesia
  • Xstrata Coal
  • Fearnleys - India
  • Intertek Mineral Services - Indonesia
  • KOWEPO - South Korea
  • Rio Tinto Coal - Australia
  • APGENCO India
  • ACC Limited - India
  • Banpu Public Company Limited - Thailand
  • Miang Besar Coal Terminal - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • DBS Bank - Singapore
  • Riau Bara Harum - Indonesia
  • Coal and Oil Company - UAE
  • Chamber of Mines of South Africa
  • SRK Consulting
  • Electricity Generating Authority of Thailand
  • Port Waratah Coal Services - Australia
  • Qatrana Cement - Jordan
  • Gujarat Mineral Development Corp Ltd - India
  • SGS (Thailand) Limited
  • Heidelberg Cement - Germany
  • Peabody Energy - USA
  • Adani Power Ltd - India
  • Vitol - Bahrain
  • Jaiprakash Power Ventures ltd
  • Petrochimia International Co. Ltd.- Taiwan
  • Thai Mozambique Logistica
  • Reliance Power - India
  • Ministry of Mines - Canada
  • Grasim Industreis Ltd - India
  • Deutsche Bank - India
  • Attock Cement Pakistan Limited
  • Total Coal South Africa
  • Global Coal Blending Company Limited - Australia
  • Thomson Reuters GRC
  • Runge Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Malco - India
  • Toyota Tsusho Corporation, Japan
  • CNBM International Corporation - China
  • Bukit Baiduri Energy - Indonesia
  • Bhoruka Overseas - Indonesia
  • Thriveni
  • London Commodity Brokers - England
  • Malabar Cements Ltd - India
  • Ind-Barath Power Infra Limited - India
  • Indian School of Mines
  • The India Cements Ltd
  • Bank of China, Malaysia
  • Mercuria Energy - Indonesia
  • Africa Commodities Group - South Africa
  • Bulk Trading Sa - Switzerland
  • U S Energy Resources
  • Platou - Singapore
  • Coeclerici Indonesia
  • Bayan Resources Tbk. - Indonesia
  • EIA - United States
  • Arutmin Indonesia
  • Sarangani Energy Corporation, Philippines
  • Permata Bank - Indonesia
  • Wilmar Investment Holdings
  • Anglo American - United Kingdom
  • Renaissance Capital - South Africa
  • Xindia Steels Limited - India
  • Thiess Contractors Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Mitra SK Pvt Ltd - India
  • Gupta Coal India Ltd
  • Trasteel International SA, Italy
  • Coal India Limited
  • KPMG - USA
  • GVK Power & Infra Limited - India
  • ASAPP Information Group - India
  • Power Finance Corporation Ltd., India
  • Uttam Galva Steels Limited - India
  • GHCL Limited - India
  • Planning Commission, India
  • IMC Shipping - Singapore
  • PTC India Limited - India
  • Lafarge - France
  • Jindal Steel & Power Ltd - India
  • Central Electricity Authority - India
  • Platts
  • NALCO India
  • India Bulls Power Limited - India
  • CESC Limited - India
  • Wood Mackenzie - Singapore
  • Indika Energy - Indonesia
  • White Energy Company Limited
  • ING Bank NV - Singapore
  • J M Baxi & Co - India
  • Goldman Sachs - Singapore
  • Romanian Commodities Exchange
  • Antam Resourcindo - Indonesia
  • Coalindo Energy - Indonesia
  • Borneo Indobara - Indonesia
  • Petrosea - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Central Java Power - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Asia Cement - Taiwan
  • Kartika Selabumi Mining - Indonesia
  • Bangkok Bank PCL
  • RBS Sempra - UK
  • JPMorgan - India
  • OPG Power Generation Pvt Ltd - India
  • IBC Asia (S) Pte Ltd
  • Indogreen Group - Indonesia
  • Indonesian Coal Mining Association
  • Adaro Indonesia
  • PowerSource Philippines DevCo
  • Japan Coal Energy Center
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Directorate Of Revenue Intelligence - India
  • Minerals Council of Australia
  • Orica Mining Services - Indonesia
  • Bangladesh Power Developement Board
  • Cigading International Bulk Terminal - Indonesia
  • Idemitsu - Japan
  • PetroVietnam Power Coal Import and Supply Company
  • Cement Manufacturers Association - India
  • Billiton Holdings Pty Ltd - Australia
  • Vedanta Resources Plc - India
  • New Zealand Coal & Carbon
  • Rudhra Energy - India
  • Leighton Contractors Pty Ltd - Australia
  • KPCL - India
  • ICICI Bank Limited - India
  • Edison Trading Spa - Italy
  • Energy Development Corp, Philippines
  • Alfred C Toepfer International GmbH - Germany
  • Shenhua Group - China
  • McConnell Dowell - Australia
  • Indo Tambangraya Megah - Indonesia
  • Gujarat Sidhee Cement - India
  • Kideco Jaya Agung - Indonesia
  • SASOL - South Africa
  • Tata Chemicals Ltd - India
  • Georgia Ports Authority, United States
  • Infraline Energy - India
  • Ministry of Finance - Indonesia
  • Maybank - Singapore
  • Merrill Lynch Commodities Europe
  • TGV SRAAC LIMITED, India
  • Bukit Makmur.PT - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Therma Luzon, Inc, Philippines
  • Thailand Anthracite
  • Vale Mozambique
  • Formosa Plastics Group - Taiwan
  • Meralco Power Generation, Philippines
  • Kaltim Prima Coal - Indonesia
  • Gresik Semen - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Coal Orbis AG
  • The State Trading Corporation of India Ltd
  • Ministry of Transport, Egypt
  • Glencore India Pvt. Ltd
  • Ernst & Young Pvt. Ltd.
  • Kobe Steel Ltd - Japan
  • Coastal Gujarat Power Limited - India
  • Shree Cement - India
  • Semirara Mining and Power Corporation, Philippines
  • MEC Coal - Indonesia
  • The University of Queensland
  • Freeport Indonesia
  • Indonesia Power. PT
  • World Coal - UK
  • Standard Chartered Bank - UAE
  • Baramulti Group, Indonesia
  • MS Steel International - UAE
  • IEA Clean Coal Centre - UK
  • UBS Singapore
  • Kobexindo Tractors - Indoneisa
  • Bhatia International Limited - India
  • Cebu Energy, Philippines
  • Mjunction Services Limited - India
  • Orica Australia Pty. Ltd.
  • Vijayanagar Sugar Pvt Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Sindya Power Generating Company Private Ltd
  • Aboitiz Power Corporation - Philippines
  • Cemex - Philippines
  • GB Group - China
  • Videocon Industries ltd - India
  • Independent Power Producers Association of India
  • The Treasury - Australian Government
  • GNFC Limited - India
  • Pinang Coal Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Indian Energy Exchange, India
  • Bhushan Steel Limited - India
  • Kalimantan Lumbung Energi - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Electricity Authority, New Zealand
  • Russian Coal LLC
  • globalCOAL - UK
  • Essar Steel Hazira Ltd - India
  • Interocean Group of Companies - India
  • World Bank
  • Siam City Cement - Thailand
  • Asian Development Bank
  • Parry Sugars Refinery, India
  • Kepco SPC Power Corporation, Philippines
  • Kumho Petrochemical, South Korea
  • Eastern Coal Council - USA
  • Coaltrans Conferences
  • Britmindo - Indonesia
  • bp singapore
  • Jorong Barutama Greston.PT - Indonesia
  • JPower - Japan
  • Gujarat Electricity Regulatory Commission - India
  • Manunggal Multi Energi - Indonesia
  • Medco Energi Mining Internasional
  • Simpson Spence & Young - Indonesia
  • Bharathi Cement Corporation - India
  • Binh Thuan Hamico - Vietnam
  • Vizag Seaport Private Limited - India
  • Sucofindo - Indonesia
  • WorleyParsons
  • Semirara Mining Corp, Philippines