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

Monday, 04 April 16
CAPE INDEX JUMPED 70% WEEK ON WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rose this week. The freight market was ...


Friday, 01 April 16
ASSESSING THE DRY BULK MARKET AT ROCK BOTTOM - CLARKSONS
While the opening months of the year are typically a weak period for the dry bulk market, the downturn so far this year has been severe. Earnings h ...


Friday, 01 April 16
NINE AM - TIME TO GET AN INDONESIAN LANGUAGE VERSION OF YOUR CHARTERPARTIES - CLYDE & CO
KNOWLEDGE TO ELEVATE For several years, Indonesian law (Article 31, Law Number 24 of 2009) has required that memoranda of understanding (" ...


Friday, 01 April 16
U.S. COAL PRODUCTION UP SLIGHTLY WEEK OVER WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 11.6 million shor ...


Thursday, 31 March 16
CAPE: ANOTHER UNEVENTFUL WEEK WITH FIXTURES CONCLUDED AT LAST DONE LEVELS - FEARNLEYS
Cape Another uneventful week with fixtures concluded at last done levels, CS levels remain around the USD 3 mark, whilst C3 is still just short o ...


   498 499 500 501 502   
Showing 2496 to 2500 news of total 6871
News by Category
Popular News
 
Total Members : 28,626
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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