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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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Thursday, 01 September 16
SUPRAMAX GETTING LEVELS OF MID/HIGHER 7K DELIVERY SINGAPORE FOR TRIPS TO CHINA AND AROUND 9K FOR DIRECTION INDIA - FEARNLEYS
Supramax
This week started slower with London on bank holiday Monday. The south east Asian market seems to have been taking a breather with chart ...
Thursday, 01 September 16
AUSTRALIA'S NEWCASTLE PORT SHIPPED 2.33 PERCENT MORE COAL IN JULY
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1.10 bill ...
Wednesday, 31 August 16
THE DRY BULK MARKET MANAGED TO FIND FURTHER SUPPORT DURING THE LAST DAYS OF THE SUMMER SEASON - INTERMODAL
The Dry Bulk market managed to find further support during the last days of the summer season, with the BDI climbing above 700 last Friday, reachin ...
Tuesday, 30 August 16
THE SUDDEN SURGE IN IRON ORE TRADE HAS CREPT UP ON THE MARKET THIS PAST WEEK - GEORGE LAZARIDIS
The sudden surge in Iron ore trade has crept up on the market this past week bringing about a change in the prospects for Capes. Continued increase ...
Monday, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
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- Chettinad Cement Corporation Ltd - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Australian Coal Association
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- White Energy Company Limited
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- The University of Queensland
- Iligan Light & Power Inc, Philippines
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Globalindo Alam Lestari - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
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