{"id":48289,"date":"2016-05-31T12:24:41","date_gmt":"2016-05-31T12:24:41","guid":{"rendered":"https:\/\/splash247.com\/?p=48289"},"modified":"2016-05-31T12:27:51","modified_gmt":"2016-05-31T12:27:51","slug":"we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus","status":"publish","type":"post","link":"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/","title":{"rendered":"\u2018We need to demolish an enormous number of ships\u2019: Philippe Louis-Dreyfus"},"content":{"rendered":"<p>The dry bulk market could become profitable again in 2019 \u2013 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 on what the dry bulk sector must do to return to profitability.<\/p>\n<p>Bimco has developed a new analysis model designed to highlight the actions needed for struggling shipping markets to recover \u2013 and to be able to track the progress of the recovery. Using this model, Bimco has developed a \u2018zero supply side growth\u2019 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.<\/p>\n<p>Commenting on the new analysis Louis-Dreyfus described the dry bulk market as being in a \u201cterrible\u201d condition. He said: \u201cWe 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.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The dry bulk market could become profitable again in 2019 \u2013 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 on what the dry bulk sector must &hellip;<\/p>\n","protected":false},"author":3,"featured_media":47492,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[57,70],"tags":[103,153],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u2018We need to demolish an enormous number of ships\u2019: Philippe Louis-Dreyfus - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018We need to demolish an enormous number of ships\u2019: Philippe Louis-Dreyfus - Splash247\" \/>\n<meta property=\"og:description\" content=\"The dry bulk market could become profitable again in 2019 \u2013 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 on what the dry bulk sector must &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/\" \/>\n<meta property=\"og:site_name\" content=\"Splash247\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Splash247\" \/>\n<meta property=\"article:published_time\" content=\"2016-05-31T12:24:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-05-31T12:27:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/splash247.com\/wp-content\/uploads\/2016\/05\/Estaleiro-Jurong-Aracruz-Sembcorp.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1172\" \/>\n\t<meta property=\"og:image:height\" content=\"794\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sam Chambers\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@http:\/\/www.twitter.com\/SamChambers\" \/>\n<meta name=\"twitter:site\" content=\"@splash_247\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sam Chambers\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/\"},\"author\":{\"name\":\"Sam Chambers\",\"@id\":\"https:\/\/splash247.com\/#\/schema\/person\/162629ecfe26c4ed792bf3b78fabb6f8\"},\"headline\":\"\u2018We need to demolish an enormous number of ships\u2019: Philippe Louis-Dreyfus\",\"datePublished\":\"2016-05-31T12:24:41+00:00\",\"dateModified\":\"2016-05-31T12:27:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/\"},\"wordCount\":242,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/splash247.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/splash247.com\/wp-content\/uploads\/2016\/05\/Estaleiro-Jurong-Aracruz-Sembcorp-e1679727235399.jpg\",\"keywords\":[\"Editor's Picks\",\"Posidonia\"],\"articleSection\":[\"Dry Cargo\",\"Europe\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/\",\"url\":\"https:\/\/splash247.com\/we-need-to-demolish-an-enormous-number-of-ships-philippe-louis-dreyfus\/\",\"name\":\"\u2018We need to demolish an enormous number of ships\u2019: Philippe Louis-Dreyfus - 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