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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, 23 February 24
STRONG OUTLOOK FOR THE TANKER MARKET IN 2024 AND BEYOND - DNV
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuil ...
Friday, 23 February 24
AUSTRALIAN COAL FLOWS TO ASIA HOVER ABOVE LAST YEAR’S VOLUME TONNES - SIGNAL GROUP
In the final days of February, the dry bulk freight market appeared to maintain a relatively stable momentum, particularly evident in the large ves ...
Friday, 23 February 24
RUSSIAN COAL SHIPMENTS FALL 14% AS SANCTIONS BITE - BIMCO
During the first seven weeks of 2024, Russian coal shipments have fallen 14% y/y. Volumes have gradually declined since October 2023 when logistica ...
Thursday, 22 February 24
BIMCO PUBLISHES SHIP FINANCING FORMS TO ENSURE UNINTERRUPTED USE OF SHIPS
BIMCO has published two standard Quiet Enjoyment Letters (QELs), the first standard form QELs available to the industry, to offer a tool that can e ...
Monday, 19 February 24
METALS INVESTMENT: THE DARKEST HOUR IS JUST BEFORE THE DAWN - WOOD MACKENZIE
Things often seem at their worst just before they get better. In terms of meeting our net zero 2050 scenario, we’ve reached a watershed momen ...
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Showing 31 to 35 news of total 6871 |
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- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Meralco Power Generation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Anglo American - United Kingdom
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Mintek Dendrill Indonesia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- PTC India Limited - India
- Standard Chartered Bank - UAE
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Parliament of New Zealand
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Mercuria Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Australian Coal Association
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Planning Commission, India
- Baramulti Group, Indonesia
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
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