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Tuesday, 25 May 21
MARINE SHIPPERS BULK UP: ANOTHER GAME OF CHICKEN IN THE WORKS? - THE KOREA TIMES
Global shipping companies have been placing orders for large ships, with many anticipating further increased competition within the next three years. Shipping companies have recently ended their decade-long game of chicken which raised deficits, pressuring many companies to close shop and forcing major restructuring and M&As.
Recently, the industry saw a major boom as the COVID-19 pandemic increased demand for global shipping, but some industry watchers point out that once the virus situation ends the shipping companies could engage in another price war.
Maersk holds the largest market share with 16.9 percent followed by MSC Mediterranean Shipping Company with 15.9 percent, COSCO with 12.3 percent and CMA with 12.3 percent. Meanwhile, Korea’s leading transportation and shipping company HMM ― formerly Hyundai Merchant Marine ― is in eighth with 3.1 percent.
Many shipping companies are keeping a close eye on the top two companies Maersk and MSC to sense if they are planning to engage in another price war in the coming years.
For the last decade, Maersk and MSC teamed up to create the so-called “2M” alliance, upgrading to larger vessels to increase freight capacity, leading the global shipping price war.
“Global powerhouses have been busy operating and constructing large vessels that are capable of loading two to three times that of previous ships, while the new engine speed is slower but sturdier and utilizes less fuel. So they are able to cut costs in key areas and lower prices more than other competitors that do not operate newly built large container ships,” an HMM official said.
For the past decade many shipping companies have been forced to adapt to the prices or conduct major restructuring to have a hope of competing. Hanjin Shipping which was once the world’s seventh-largest container shipper was forced to declare bankruptcy in early 2017, failing to raise money and restructure its debt. Three Japanese shipping companies also merged to establish Ocean Network Express (ONE) while others went through major restructuring or acquisitions.
However, some industry experts say a price war may not occur as Maersk has been heavily investing to transition into an all-in-one integrated logistics company expanding into services that provides land-based shipments from factories and customs services as well as warehousing rather than just operating international container shipments.
“Maersk has been heavily investing in its land-based services and they will need all the money they can acquire,” an industry official said. “So it is unlikely they will lower shipping costs and restart a price war.”
With the support of the Korean government HMM has the construction of 12 13,000-twenty-foot equivalent unit (TEU) ships in the works and aims to increase the company’s capacity to 1.12 million TEU by 2025. However, it still is not sufficient to compete with other top players in the industry, which continue to invest heavily in building larger vessels.
According to Alphaliner’s May 19 report, Maersk holds the global top rank with 4.11 million TEU followed by MSC with 3.95 million TEU, CMA with 3.03 million TEU and COSCO with 2.99 million TEU, while HMM is in eighth place with 798,000 TEU.
Source: The Korea Times
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Thursday, 10 June 21
INDONESIA COAL EARNINGS RECOVERY TO SLOW AFTER STRONG 1Q - FITCH RATINGS
Fitch Ratings expects the recovery in operating and financial performance of Indonesian coal miners and coal contractors to slow during rest of 202 ...
Thursday, 10 June 21
U.S. COAL PRODUCTION TO TOTAL 600 MMST IN 2021, 11% MORE THAN IN 2020 - EIA
EIA expects U.S. coal production to total 600 million short tons (MMst) in 2021, which is 61 MMst (11%) more than in 2020.
The increase is dri ...
Wednesday, 09 June 21
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
The In-Person Maritime Event
SHIPTEK INTERNATIONAL CONFERENCE & AWARDS 2021
culminates successfully in Dubai
Press Release: ...
Wednesday, 09 June 21
MARKET INSIGHT - INTERMODAL
“Counter cyclical investments.” usually take place by investing in a “bad” market at the point that ensures that the acquir ...
Saturday, 05 June 21
KOMIPO INVITED 5600 NAR COAL OFFERS FOR THREE YEARS SUPPLY; 520,000 MT PER YEAR
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) has issued an international tender for total 1,560,000 MT of Bituminous Coal to be used a ...
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- VISA Power Limited - India
- London Commodity Brokers - England
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Vedanta Resources Plc - India
- Economic Council, Georgia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
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