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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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Friday, 22 April 16
U.S WEEKLY DOMESTIC COAL OUTPUT UP 8.2 PER CENT - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.1 million short tons (mm ...
Thursday, 21 April 16
PANAMAX: A VERY HEALTHY NORTH ATLANTIC FOR BOTH ROUNDS AND FRONTHAUL
Capesize
Correcting after last week's quadrupling.
This year's highest daily average of USD 8000 came on the back of substantial pro ...
Wednesday, 20 April 16
2017 IS EXPECTED TO BE A MUCH BETTER YEAR FOR THE SHIPPING INDUSTRY - INTERMODAL
Some months ago we noted that all projections anticipated 2016 to be a better year from a macroeconomic point of view when compared to 2015. As we ...
Tuesday, 19 April 16
STARS STILL SHINING? KEY IMPORTERS THROUGH THE TELESCOPE - CLARKSONS
As the pace of growth in Chinese seaborne imports has slowed, and prospects for a return to stronger rates of expansion appear to have diminished, ...
Monday, 18 April 16
INDONESIAN 5000 GAR COAL INDEX DECLINE 1.43 PERCENT WEEK OVER WEEK - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 1.43 percent week over week to averaging $38.65 per ton on this past Friday, ac ...
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- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Australian Coal Association
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- White Energy Company Limited
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Africa Commodities Group - South Africa
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- The University of Queensland
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Parliament of New Zealand
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Sojitz Corporation - Japan
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