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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, 23 August 16
4200 GAR COAL INDEX CLIMB 15.96% YEAR TO DATE - CS COAL INDEX
COALspot.com: Average 4200 GAR coal index of Indonesian origin rose 1.65 % week over week to averaging $31.46 per ton this past week, shows CS (i) ...
Tuesday, 23 August 16
KOMIPO TO IMPORT 250K OF 5,700 KCAL/KG NAR COAL FOR Q4' 16
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a new tender for total 250,000 Metric Tons of Bituminous Coal for ...
Monday, 22 August 16
INDONESIA'S CS 5000 GAR THERMAL COAL INDEX, ROSE TO A 57-WEEKS HIGH TO TOP $43.47 A TON
COALspot.com: Indonesia’s CS 5000 GAR thermal coal index, rose to a 57-weeks high to top $US43. 47 a ton in the latest week, extending a 18-w ...
Monday, 22 August 16
THE FREIGHT MARKET WAS STEADY THIS PAST WEEK; CAPE INDEX DECLINE 5.38%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 19 August 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 421.6 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
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Showing 2311 to 2315 news of total 6871 |
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- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Thai Mozambique Logistica
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petron Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Merrill Lynch Commodities Europe
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Australian Coal Association
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Makarim & Taira - Indonesia
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- White Energy Company Limited
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- GVK Power & Infra Limited - India
- Planning Commission, India
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- The University of Queensland
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
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