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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 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Australian Coal Association
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Timah Investasi Mineral - Indoneisa
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Banpu Public Company Limited - Thailand
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- Romanian Commodities Exchange
- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- Jaiprakash Power Ventures ltd
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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