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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, 07 April 16
BIMCO AND GIIGNL PUBLISH A GROUNDBREAKING VOYAGE CHARTER PARTY FOR LNG TRADE
BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have today jointly issued the first definitive voyage charter party & ...
Wednesday, 06 April 16
HOW LONG SHIPPING CRISIS WILL BE; WHEN SHOULD OWNERS EXPECT THE BULK CARRIERS TO BECOME PROFITABLE? - INTERMODAL
It is the consensus that dry bulk shipping has been in a crisis for quite some time now. Bulk carrier values are at historical low levels, therefor ...
Tuesday, 05 April 16
DRY BULK REVISITS 1980S LOWS AND FACES UNCERTAIN LONGER TERM OUTLOOK - MSI | HELLENIC SHIPPING NEWS
With the market near bottom, attention is turning to the length of the downturn, the effect on asset values and the impact of broader demand side c ...
Monday, 04 April 16
THE LOADING, AND SUBSEQUENT DISCHARGE, OF UNSAFE NICKEL ORE - ALL TIME TO 'COUNT' - THE STANDARD CLUB
KNOWLEDGE TO ELEVATE
In a recent, published, London arbitration award the English tribunal has held that all time lost as a result of loading, ...
Monday, 04 April 16
INDONESIA CS57 COAL INDEX SLIDES SLIGHTLY WEEK OVER WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin fell 0.07 percent week over week to averaging $38.88 per ton on this past Friday, ac ...
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- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- PTC India Limited - India
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Kideco Jaya Agung - Indonesia
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Transport, Egypt
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
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