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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, 03 March 16
RIO TINTO COMPLETES SALE OF INTEREST IN BENGALLA JOINT VENTURE FOR US$616.7 MILLION
COALspot.com: Rio Tinto has completed the sale of its 40 per cent interest in the Bengalla coal Joint Venture in Australia to New Hope Corporation ...
Wednesday, 02 March 16
RE-EVALUATION OF MINING LICENSES CLEAN AND CLEAR STATUS IN INDONESIA
COALspot.com: In connection with the transfer of mining authority from Regents/Mayors to Governors1 and from Regents/Mayors and Governors to t ...
Wednesday, 02 March 16
OIL MY GOD.....!!!!
OIL my GOD….!!!!
The oil price “crash” that started in 2014 was caused by a glut of practically unwanted oil. Producers had be ...
Tuesday, 01 March 16
CS 42 (4200 GAR) COAL INDEX CLOSED AT US$ 27.11 A TON ON 26 FEBRUARY
COALspot.com: Average 5000 GAR coal index of Indonesian origin decline 0.31 percent week over week to averaging $38.77 per ton on this past Friday, ...
Tuesday, 01 March 16
CAN BULKCARRIER SUPPLY CUTS RESTORE SOME BALANCE? - CLARKSONS
The easing in bulkcarrier deliveries and the accelerated pace of demolition in recent years has seen bulkcarrier fleet growth slow from a rapid 17% ...
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- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- CNBM International Corporation - China
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Renaissance Capital - South Africa
- The Treasury - Australian Government
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Australian Commodity Traders Exchange
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
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