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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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Wednesday, 08 June 16
THE DRY BULK MARKET KEPT MOVING SIDEWAYS LAST WEEK; SECOND HAND PURCHASES MOVING NORTH - INTERMODAL
Once again its Posidonia time and the biannual exhibition takes place during a very warm June here in Athens, as if the performance of the dry bulk ...
Tuesday, 07 June 16
CS COAL INDEX ROSE FOR SECOND STRAIGHT WEEK
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up 0.38 percent week over week to averaging $39.16 per ton this past week, shows ...
Monday, 06 June 16
BDI GAINED ON A STRONGER DEMAND FOR CAPESIZE SHIPS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week on a stronger demand for Capesize ves ...
Friday, 03 June 16
DRY BULK VESSEL DELIVERIES COULD BE LESS THAN 50 MILLION DWT IN 2016, AS OWNERS DELAY OR CANCEL NEWBUILDING ORDERS
The dry bulk market has been caught between a rock and a hard place over the course of the past couple of years, as on one hand demand has plunged, ...
Friday, 03 June 16
U.S WEEKLY COAL PRODUCTION SLIDES 1.3% - EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.5 million short tons (mm ...
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- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Bukit Baiduri Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Billiton Holdings Pty Ltd - Australia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Siam City Cement - Thailand
- MS Steel International - UAE
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wood Mackenzie - Singapore
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- The University of Queensland
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
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