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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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Tuesday, 15 March 16
ADARO ENERGY LOWERED ITS COAL CASH COST BY 16% TO US$ 27.98 PER TONE IN 2015
Difficult Coal Market Condition Persists in 2015, Adaro Lowers Costs, Reduces Capital Spending and Maintains Solid Liquidity.
PT Adaro E ...
Monday, 14 March 16
THE CS 50 INDEX ROSE $0.16 OR, 0.41% TO $38.82 A TON
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.41 percent week over week to averaging $38.82 per ton on this past Friday, ac ...
Monday, 14 March 16
THE BALTIC EXCHANGE CONTINUED TO ROSE THIS PAST WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities continued to rise this week helped by higher rates for pa ...
Saturday, 12 March 16
PLN, COAL COMPANIES IN TALKS ABOUT PRICES - THE JAKARTA POST
Following a study that predicted that Indonesia would struggle to provide coal for its power stations in the near future, the government will facil ...
Friday, 11 March 16
ADANI GLOBAL BAGS 0.26 MILLION TONS OF COAL CONTRACT FROM LANKA COAL COMPANY
COALspot.com: Lanka Coal Company (Private) Limited, Sri Lanka has awarded 260,000 +/- 10% tons of Power plant 6300 GAR calorific value coal to Adan ...
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- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- GMR Energy Limited - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Jindal Steel & Power Ltd - India
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Australian Coal Association
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Bhushan Steel Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- India Bulls Power Limited - India
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- MS Steel International - UAE
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Thai Mozambique Logistica
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- The University of Queensland
- White Energy Company Limited
- Interocean Group of Companies - India
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
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