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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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Tuesday, 22 August 23
CHINA'S COAL PRODUCTION LOGS STEADY GROWTH IN JANUARY-JULY: XINHUA
China’s output of raw coal went up 3.6 percent year on year in the first seven months of this year, official data showed.
The ...
Sunday, 13 August 23
THE COMMODITIES FEED: LNG SUPPLY RISKS LINGER - ING
Energy – OPEC sees deficit over remainder of 2023
Oil prices came under some pressure yesterday with ICE Brent settling a litt ...
Wednesday, 09 August 23
COAL TRADE TO RETURN TO 2019 LEVELS - BALTIC EXCHANGE
The International Energy Agency’s mid-year Coal Market Update for 2023 brings both positive and concerning news for the global coal industry. ...
Sunday, 23 July 23
ANALYSIS-INDIA'S COAL MINING BET STUMBLES AS WARY BANKS WEIGH RISING RISKS - REUTERS
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned min ...
Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
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- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Anglo American - United Kingdom
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Coal Association
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Minerals Council of Australia
- GMR Energy Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
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