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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, 01 June 16
INDIA'S COAL IMPORTS IN APRIL 2016 DECLINED 15% Y/Y; COAL INDIA INCREASED COAL PRICES BY 6.2%
Coal India has approved raising weighted average coal prices by 6.2 per cent over the current price for both regulated and non-regulated sectors.
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Wednesday, 01 June 16
MARKET INSIGHT - LINOS KOGEVINAS
In another page from this year’s oil drama, oil has, after a series of gains, rebounded to ~$50 / barrel and immediately stopped climbing. &n ...
Tuesday, 31 May 16
CS50 INDONESIA COAL INDEX UP 0.28% COMPARED WITH A WEEK AGO
COALspot.com: Average 5000 GAR coal index of Indonesian origin was up 0.28 percent week over week to averaging $39.01 per ton this past week, shows ...
Monday, 30 May 16
BORYEONG POWER PLANT TO IMPORT HALF A MILLION TONS OF BITUMINOUS COAL
COALspot.com: South Korea’s state-owned utility Korea Midland Power (KOMIPO) issued a new tender for 500,000 Metric Tons of Bituminous Coal T ...
Monday, 30 May 16
BCI ENDING AT 830 POINTS, DOWN 4.6 PER CENT W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week. The freight market was weak this past ...
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Showing 2411 to 2415 news of total 6871 |
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- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Rio Tinto Coal - Australia
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Jaiprakash Power Ventures ltd
- Straits Asia Resources Limited - Singapore
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- ASAPP Information Group - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Siam City Cement - Thailand
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- International Coal Ventures Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Gujarat Mineral Development Corp Ltd - India
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Planning Commission, India
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- The University of Queensland
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vizag Seaport Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
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