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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 September 2016, with rapid growth in the total followed by steep decline all within the last decade. In today’s extremely weak contracting environment, remaining ‘active’ is clearly a difficult challenge for many shipbuilders.
Builders Becoming Less Active
A yard is defined as ‘active’ if it has at least one vessel (1,000+ GT) on order, with ‘inactive’ builders with no orderbook suggestive of highly vulnerable capacity. Looking back, global contracting increased dramatically (by 78%) from 2002 to peak in 2007, with the orderbook peaking in 2009. With capacity expanding to meet this demand, the number of active yards skyrocketed (see graph), rising 72% from 2005 to a peak of 931 yards in 2009. However, since the financial crisis, the shrinking orderbook has led the number of active yards to decline. As of start September 2016 there were 402 active yards, down 57% on the 2009 peak. Alongside this drop in the number of active yards, newbuild output has fallen and this year is projected to stand 34% below its 2010 peak in CGT terms.
Chinese Yards Losing The Bulk
From 2005, the number of active Chinese yards grew rapidly, increasing 117% to a peak of 382 yards in 2009. Many of the new yards specialised in the bulkcarrier sector; Chinese builders accounted for half of bulker orders during this period. Since then, the number of active Chinese yards has declined by 63%, with almost half of these closures accounted for by ‘small’ yards that had delivered two ships or fewer. There were just 140 active Chinese yards at the start of September 2016, or around 35% of all active yards globally. The number of active yards in Japan has been more steady, peaking at 71 in 2008, before falling 17% by September 2016, when 59 were reported to have an orderbook. Meanwhile, larger Korean yards have mostly remained active up to today. Korea’s historically high number of active yards in the late 2000s was largely due to the establishment of around 20 small yards, many of which have now closed. Elsewhere, post-2008, European yards struggled to compete for the more limited number of orders. By September 2016, 140 fewer European yards were active than back in 2008.
The Challenge To Be Active
Looking ahead, many active yards appear vulnerable today. Around 240 currently active shipyards are scheduled to deliver their last units on order by the end of 2017. Of course, some of these yards may yet receive orders or have deliveries delayed. However, around a quarter of active yards have only a single ship on order, while around 40% are not reported to have taken a contract since 2014. Only 59 builders have deliveries due into 2019 and beyond.
So, the number of active yards has more than halved since 2009, with a prominent feature being the exit of many Chinese builders from the scene. With ordering levels likely to remain subdued going forward, some shipyards that do not already have substantial orderbooks may also find remaining active a challenge.
About Clarkson
Clarksons is the world’s leading provider of integrated shipping services, bringing connections and experience to an international client base. (Source: Company’s website)
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Tuesday, 01 November 16
IMPROVEMENT ON THE DEMAND SIDE ONLY BUT THE SUPPLY SIDE IS WORSE OFF - BIMCO
Back in May, BIMCO disclosed a projected “road to recovery” for the dry bulk shipping industry. The main message back then on what the ...
Monday, 31 October 16
INDONESIAN 5000 GAR COAL ROSE 5.56% WEEK OVER WEEK - CS COAL INDEX
COALspot.com: The price for thermal coal has recovered substantially since April 2016. The China’s new policy on its domestic coal miners, th ...
Friday, 28 October 16
STEAM COAL IMPORTS: CHINA AND INDIA'S ROLE REVERSALS - BEN TRIMMEL
While a sharp decline in European imports is a key driver of the expected fall in steam coal trade this year, China and India remain leading actors ...
Friday, 28 October 16
U.S. WEEKLY COAL OUTPUT ROSE DURING THE WEEK ENDING OCTOBER 22 - EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16.5 million short ton ...
Thursday, 27 October 16
73.08 PERCENT OF COAL PRODUCERS PREDICTED INDIA WILL NOT STOP COAL IMPORTS IN 2 TO 3 YEARS - POLL
COALspot released its weekly opinion poll "How likely do you think India will STOP thermal coal imports in 2-3 years?" this Monday.
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- London Commodity Brokers - England
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
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- Independent Power Producers Association of India
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- Gujarat Electricity Regulatory Commission - India
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- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
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- Power Finance Corporation Ltd., India
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- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
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- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
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- Global Green Power PLC Corporation, Philippines
- Attock Cement Pakistan Limited
- MS Steel International - UAE
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- SMG Consultants - Indonesia
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- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Australian Coal Association
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Interocean Group of Companies - India
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- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
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- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
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- Ministry of Mines - Canada
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- Sical Logistics Limited - India
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- Minerals Council of Australia
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- Georgia Ports Authority, United States
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Merrill Lynch Commodities Europe
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- TNB Fuel Sdn Bhd - Malaysia
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
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- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Kideco Jaya Agung - Indonesia
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- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
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