World Coal News Friday, 19 December 14 How Will Lower Bunker Prices Affect The Extensive Overcapacity in Dry Bulk Market? – BIMCO Bunker fuel costs have been decreasing from USD 600 per tonnes to USD 330 per tonnes in the past 6 months. Some single-voyage or single company estimations plan at sustaining reintroduction of higher speed to produce higher profits and ultimately maximum wages. According to Chief Shipping Analyst at BIMCO, Peter Sand, When you consider the whole dry bulk fleet on an international scale, congestion remains considerable. In that sense, there is no overall case for increasing speed anytime soon. BIMCO agree to the estimates made by Dreary, which point to an operating surplus of some 25% in the market today. As the demand and the supply remains same or quite near to each other, the operation surplus will stay situate. We need numerous years of sturdy demand rate and low supply in order to decrease the overcapacity considerably. In spite of bunker fuel costs decreases considerably, it remains by far the maximum price thing for owners and operators that is the reason that remains are important for industry productivity to make sure slow steaming remains to be an incorporated element of business conduct. komorocoal/komoro-news/how-will-lower-bunker-prices-affect-the-extensive-overcapacity-in-dry-bulk-market-%E2%80%93-bimco.aspx
Posted on: Wed, 31 Dec 2014 14:40:05 +0000