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Wednesday, 01 June 16
ZERO SUPPLY TO FUEL GROWTH IN THE DRY BULK MARKET SAYS BIMCO PRESIDENT
 The 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
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Thursday, 05 May 16
DRY BULK MARKET ON REVERSE MODE, AS HOLIDAYS AROUND THE WORLD HURT DEMAND - HELLENIC SHIPPING NEWS
The dry bulk market’s recent rally has been put on a temporary hold, as various holidays around the world have put a stop in it. In its lates ...
Wednesday, 04 May 16
COAL IMPORTS: A VOLATILE MATTER OR STILL POWERING DOWN? - CLARKSONS
Chinese coal imports decreased significantly in 2014-15, and so far in 2016 the pace of decline appears to have slowed, with imports even recording ...
Wednesday, 04 May 16
IS THE DRY BULK MARKET OUT OF THE WOODS YET, OR NOT? - HELLENIC SHIPPING NEWS
Things are beginning to brighten up in the beleaguered dry bulk market, which is riding on a multi-week rally to find itself around the “psyc ...
Wednesday, 04 May 16
POWER - WEEK: REAL EXAMPLES AND CASE STUDIES
POWER WEEK
7 - 11 November 2016, PARKROYAL on Beach Road Hotel, Singapore
www.power-week.com
Overview
Designed for the global e ...
Tuesday, 03 May 16
HOW TO AVOID THE LATEST CARGO FRAUDS - BIMCO
BIMCO receives regular reports from members around the world about cargo fraud. This week alone we have had two reports of cargoes being fixed (or ...
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- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
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- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
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- Siam City Cement - Thailand
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- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Minerals Council of Australia
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- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
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- Mercator Lines Limited - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
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- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- Central Electricity Authority - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- Romanian Commodities Exchange
- Australian Coal Association
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Aditya Birla Group - India
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