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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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Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
Wednesday, 19 October 22
WHAT WILL THE GAS MARKET LOOK LIKE IN A NET ZERO WORLD? - WOOD MACKENZIE
The global gas and LNG market faces a number of ‘great unknowns’. With the market in turmoil uncertainty abounds – from the scale ...
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- Kalimantan Lumbung Energi - Indonesia
- Thai Mozambique Logistica
- Ambuja Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- The University of Queensland
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Leighton Contractors Pty Ltd - Australia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Commonwealth Bank - Australia
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- MS Steel International - UAE
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Posco Energy - South Korea
- Power Finance Corporation Ltd., India
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
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