We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 24 March 16
SEABORNE TRADE: CHECKING UP ON THE TRENDS - CLARKSON RESEARCH
 Following a decline in 2009, seaborne trade grew on average by 4.9% p.a. in 2010-13, reflecting booming import demand in a number of key importing countries and faster than global GDP growth. However, recent shifts in demand trends contributed to slower seaborne trade growth in 2014 (3.2%) and 2015 (2.0%). How has this reflected changes in demand for bulk shipments into major importing countries?
Multiple Problems?
The ratio between global seaborne trade growth and GDP growth (the ‘multiplier’), when considered over a long time period, can be a useful indicator of the impact of drivers in shipping. Following the economic downturn, the ratio averaged 1.3 in 2010-13, partly as strong Chinese GDP growth drove a surge in raw material imports, and globally production was outsourced to regions more distant from demand centres. Since 2014, the ratio has fallen below 1. The drop was most marked in 2015, with the ratio reaching 0.6, as world seaborne trade is estimated to have grown 2.0% and GDP by 3.1%, partly reflecting shifts in import demand. Growth in bulk imports (dry bulk and oil) to the five biggest importing nations in 2015 (see graph) slowed from an average of 5.5% p.a. in 2012-13, to 1.6% p.a. in 2014-15, with cargo totalling 3.7bt, equivalent to 49% of global bulk trade.
Sluggish Demand
Of course, China, the world’s largest importer of bulk cargoes, had been key in supporting the multiplier. The country’s bulk imports, which account for 23% of world seaborne bulk trade, grew on average by 11% p.a. 2010-13. However, the maturing Chinese economy’s shift, diversifying away from heavy industry, led to a stark slowdown in growth in bulk imports. Shipments to China rose 3% in 2014 and remained fairly flat y-o-y in 2015. Seaborne coal imports to the country fell 30% y-o-y to 188mt in 2015, while growth in iron ore imports slowed to 3%, from 15% in 2014. However, some of the loss was offset by robust crude import growth, partly supported by the oil price collapse.
Not Only China
While China is frequently highlighted as a of key driver of slower global trade growth, the expansion in imports into some other major nations was also more sluggish in 2014-15. Japan’s bulk imports, which account for 8% of the world total, grew on average by 3% p.a. in 2012-13, and fell 2% p.a. in 2014-15, to 588mt in 2015. Elsewhere, although expansion in Indian bulk imports has been firm, it is slowing. Growth slowed to 8% in 2015 due to a decline in coal imports.
In contrast, the rate of increase in Korean bulk imports picked up in 2014-15, largely underpinned by firmer growth in dry bulk shipments, although this was not enough to offset the slowdown in other countries. Elsewhere, the rate of decline in US imports eased, with most of the fall in oil imports having already taken place.
So, whilst the maturing Chinese economy has contributed to slower trade growth recently, it has not been the sole driver. Seaborne trade has still grown robustly since the start of 2009, by around 30%. But the world fleet is now 48% larger in GT terms. Surplus capacity today evident in many sectors is a clear reflection of concerted pressure from slower growth in shipments across key importers.
Source: Clarkson Research Services Limited Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 21 September 16
SHIPPING MARKET INSIGHT - PANOS MAKRINOS
Amidst a challenging dry bulk and tanker market, very little time has been spent on the offshore industry developments during the past couple of ye ...
Monday, 19 September 16
AFTER YEARS OF COMA, COAL BECOMES THE MOST ATTRACTIVE COMMODITY RIGHT NOW
COALspot.com: China boosted coal imports in recent months. The Chinese government’s drive to cut over capacity pushed up the demand for therm ...
Monday, 19 September 16
THE CAPE INDEX WAS UP 7.28% WEEK OVER WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities declined and ending in a slightly negative note this past ...
Friday, 16 September 16
GLOBAL SHIPBUILDING: THE CHALLENGE TO REMAIN 'ACTIVE' - CHRISTOPHER PEARCE, CLARKSONS
The number of ‘active’ shipyards globally has more than halved since the start of 2009, falling to around 400 shipyards at the start of ...
Friday, 16 September 16
U.S. WEEKLY COAL OUTPUT DECLINED 6.2% TO 15.1 MMST, SAYS EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.1 million short ton ...
|
|
|
Showing 2281 to 2285 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Barasentosa Lestari - Indonesia
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- The University of Queensland
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- ICICI Bank Limited - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- International Coal Ventures Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- European Bulk Services B.V. - Netherlands
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- PetroVietnam Power Coal Import and Supply Company
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- VISA Power Limited - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- PTC India Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Economic Council, Georgia
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Bhushan Steel Limited - India
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
|
| |
| |
|
