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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, 02 August 24
COAL MARKET DEVELOPMENTS: FALLING PRICES AMID RECORD-HIGH OUTPUT - WORLD BANK
Coal prices inched up in May (m/m) following an 8 percent decline in 2024Q1. The Australian and South African benchmarks have plummeted more ...
Friday, 26 July 24
FUELEU MARITME IS COMING. IS YOUR CHARTERPARTY READY? - GARD
With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to alloca ...
Thursday, 04 July 24
INDIA'S COAL PRODUCTION RISES 14% IN JUNE - PTI
The country’s coal production rose by 14.49% to 84.63 million tonne (MT) in June. The country’s coal output was 73.92 MT in June last f ...
Tuesday, 02 July 24
NTPC CAPTIVE COAL OUTPUT GROWS 15% IN Q1; DESPATCH RISES 17%
State-owned NTPC on Monday reported a 15 per cent year-on-year increase in the production of coal from captives mines to 9.862 metric million tonne ...
Friday, 28 June 24
KOSPO INVITED BIDS FOR 400,000 MT OF MINIMUM 4000 NCV COAL FOR FIVE YEARS
Korea Southern Power Co., Ltd. (KOSPO), is inviting bids for total 400,000 MT of Low Calorific Value Coal for 5 years starting from July 2024 until ...
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- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Essar Steel Hazira Ltd - India
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Agrawal Coal Company - India
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Power Finance Corporation Ltd., India
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bukit Baiduri Energy - Indonesia
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Price Waterhouse Coopers - Russia
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thai Mozambique Logistica
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
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