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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
 “The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
Although consolidation has been significant within the container shipping segment, the overall shipping market is still very fragmented, and the average shipping company only owns a few ships. Over time, key shipping nations have, however, emerged. Some have since lost importance due to shifts in global trade, but Greece has remained the world’s foremost shipping nation.
More recently, China’s importance as a shipping nation has grown and Chinese shipowners now jointly control the world’s largest merchant fleet. The country also currently owns the second largest fleet of cargo carrying ships.
“Measured by cargo capacity, Greek shipowners control the world’s largest fleet of cargo carrying ships. In total, they control 19% of the cargo carrying capacity and maintain a particularly high share within the dry bulk, tanker, and gas carrier sectors,” says Rasmussen.
The focus of Chinese shipowners has been slightly different. They control a smaller share of tankers and gas carriers but a higher share of the general cargo and container fleets, with COSCO Shipping contributing to the higher share of the container fleet.
The entry of Chinese financial institutions into the leasing market has significantly contributed to the growth of the Chinese owned fleet in recent years, and five out of the 10 largest Chinese shipowners are leasing institutions. Combined, the ten largest shipowners control 41% of the Chinese owned fleet.
The ten largest Greek shipowners are all “traditional” shipowners. Unlike the top ten Chinese owners, the top ten list of Greek shipowners is not dominated by one large owner. Instead, there are seven owners with fleets larger than 10 million deadweight tonnes whereas only three Chinese shipowners have such large fleets.
Even though the Chinese fleet has fewer large owners, the order book held by all Chinese shipowners is 21% larger than the order book held by Greek owners.
Although Greek owners are often very active in the second-hand market, this could indicate that the Chinese fleet may grow faster than the Greeks’ fleets in the coming years.
“Common to both Chinese and Greek shipowners is that relative to their existing fleet, their order books are for LNG carriers and Pure Car Carriers (PCC), two markets currently experiencing solid growth. Chinese owners hold the largest order books in these segments. Their order book for LNG and PCC ships is respectively 126% and 260% of their current fleet.,” says Rasmussen.
Source: BIMCO, By Chief Shipping Analyst, Niels Rasmussen
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Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand
Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...
Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...
Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...
Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...
Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...
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- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Indika Energy - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- The University of Queensland
- Riau Bara Harum - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Standard Chartered Bank - UAE
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Tata Chemicals Ltd - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Bhatia International Limited - India
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mintek Dendrill Indonesia
- Manunggal Multi Energi - Indonesia
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
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