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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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Wednesday, 14 April 21
MARKET INSIGHT - INTERMODAL
After a series of months where the dry bulk sector was attracting most of the buying interest, tankers SnP activity spiked in the previous weeks. O ...
Tuesday, 13 April 21
INDONESIAN COAL PRICE REFERENCE IN APRIL UP AGAIN ON FIRM DEMAND
COALspot.com: The Indonesia coal price reference for April 2021 settles at US$ 86.68 per ton FOB vessel.
The Indonesia coal pr ...
Monday, 12 April 21
CHINA'S ECONOMIC RECOVERY PUSHES COAL MINES TO INCREASE YIELD - GLOBAL TIMES
China’s fast economic rebound from coronavirus has driven up electricity demand, leading to higher consumption of coal which is seeing rising ...
Monday, 12 April 21
GLOBAL COAL PRODUCTION EXPECTED TO RISE BY 3.5% IN 2021, SAYS GLOBALDATA
Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions obse ...
Wednesday, 07 April 21
KOMIPO ISSUED A TENDER FOR TOTAL 1,560,000 METRIC TONS OF BITUMINOUS COAL
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for total 1,560,000 Metric Tons of Bituminous coal for i ...
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- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- SN Aboitiz Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Marubeni Corporation - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Merrill Lynch Commodities Europe
- Energy Link Ltd, New Zealand
- Indian Energy Exchange, India
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Deloitte Consulting - India
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Economic Council, Georgia
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- Rashtriya Ispat Nigam Limited - India
- GVK Power & Infra Limited - India
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
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- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- The University of Queensland
- Grasim Industreis Ltd - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- London Commodity Brokers - England
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Billiton Holdings Pty Ltd - Australia
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