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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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Wednesday, 19 October 22
MARKET INSIGHT - INTERMODAL
The LNG market remains extremely tight, and as a result adding further pressure on the vessel charter market, which is already stretched due to the ...
Sunday, 16 October 22
COULD A RETURN TO SHALE EXPLORATION BE PART OF THE SOLUTION TO EUROPE'S GAS SUPPLY PROBLEM? - WOOD MACKENZIE
The European gas market is in turmoil. Russia’s invasion of Ukraine has shaken things up, triggering a complete rethink of European energy st ...
Thursday, 13 October 22
THERMAL COAL PRICES RETREAT AS WINTER SUPPLY FEARS EASE - REUTERS
The prices of key thermal seaborne coal grades are retreating amid signs that supplies will be sufficient to meet winter demand in both Europe and ...
Thursday, 13 October 22
SPOT COAL BIDDING: CHINESE FIRM WANTS REVISED MECHANISM - BUSINESS RECORDER
Chinese company M/s Huaneng Shandong Ruyi (Pakistan) Energy Limited (HSR) has cautioned National Electric Power Regulatory Authority (Nepra) that i ...
Thursday, 13 October 22
OPEC DOWNGRADES CRUDE OIL DEMAND, AS WORLD ECONOMY ENTERS SLOWDOWN
Crude Oil Price Movements
The OPEC Reference Basket (ORB) declined m-o-m by $6.58 in September, or 6.5%, to average $95.32/b. Pressure from equ ...
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- Global Coal Blending Company Limited - Australia
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- LBH Netherlands Bv - Netherlands
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- The State Trading Corporation of India Ltd
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
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- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
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- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
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- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- VISA Power Limited - India
- Planning Commission, India
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- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
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- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Coal Association
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- Xindia Steels Limited - India
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- Kohat Cement Company Ltd. - Pakistan
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- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Karaikal Port Pvt Ltd - India
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- MS Steel International - UAE
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
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- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Eastern Coal Council - USA
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