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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, 23 September 21
RECORD-HIGH GAS PRICES AFFECT MANY EUROPEAN CORPORATE SECTORS - FITCH RATINGS
Record-high natural gas prices are putting pressure on supply chains of many European corporate sectors, including non-integrated energy suppliers, ...
Wednesday, 22 September 21
MARKET INSIGHT - INTERMODAL
The unfolding last week of a trilateral defence pact between the United States, Australia, the United Kingdom (AUKUS) envisages a wide range of col ...
Tuesday, 21 September 21
CHINESE COAL IMPORTS FROM AUSTRALIA DROP 98.6% AS RESTRICTIONS BITE - BIMCO
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tonnes as Chinese restrictions on Australian c ...
Tuesday, 21 September 21
CHINA'S COAL OUTPUT RESUMES GROWTH IN AUGUST - XINHUA
China’s raw coal output rose 0.8 percent year on year to 340 million tonnes last month, official data showed.
The growth rate ...
Wednesday, 15 September 21
MARKET INSIGHT - INTERMODAL
Following the oil price sell off during most of August, partly triggered by oil demand fears amid the delta COVID variant, oil prices have resumed ...
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- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Agrawal Coal Company - India
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Australian Coal Association
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Mercuria Energy - Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Directorate Of Revenue Intelligence - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- McConnell Dowell - Australia
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Barasentosa Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Minerals Council of Australia
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Latin American Coal - Colombia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- The Treasury - Australian Government
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
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