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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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Thursday, 02 March 23
INDIA, CHINA DEMAND BOOST LOW-RANK THERMAL COAL PRICES IN ASIA - RUSSELL, REUTERS
Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades most commonly sought by the world’s ...
Thursday, 02 March 23
INDIA CHEERS THE RETURN OF ‘KING COAL’ AS INDUSTRY SEES BUOYANT FUTURE - REUTERS
India’s coal industry celebrated the return of its major conference after a three-year pandemic hiatus by presenting a bullish view of demand ...
Wednesday, 01 March 23
GEO CONNECT ASIA RETURNS IN MARCH TO ACCELERATE THE REGION’S GEOSPATIAL AND LOCATION INTELLIGENCE CAPABILITIES
Press Release: The third edition of GCA will be held in conjunction with Digital Construction Asia and the inaugural Drones Asia – an event d ...
Wednesday, 01 March 23
THE DECLINE IN THE COAL PRICE SINCE THE BEGINNING OF THE YEAR HAS BEEN SIGNIFICANT - INTERMODAL
Last week, the front-month API2 future rose by 3.5%, but since the beginning of the year the future has fallen by 39% to $136.65/t, while the Newca ...
Sunday, 26 February 23
MAWANI AND JEDDAH CHAMBER SIGN AN AGREEMENT TO BUILD INTEGRATED LOGISTICS PARK
Press Release: The Saudi Ports Authority (Mawani) and Jeddah Chamber of Commerce and Industry have today inked an agreement to set up an integrated ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Sree Jayajothi Cements Limited - India
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- The University of Queensland
- Mjunction Services Limited - India
- MS Steel International - UAE
- Bhatia International Limited - India
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Ind-Barath Power Infra Limited - India
- White Energy Company Limited
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Manunggal Multi Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wilmar Investment Holdings
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
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