We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships worth almost $1 trillion. So the news that on 1st July 2011 the world merchant fleet passed this important milestone deserves a little reflection on where we have come from and where we are going.
55 Years of Change
The last anniversary of this sort was in 1955 when the fleet reached 100 million gross tons. But today’s fleet is very different. Of course it has grown tenfold, averaging 4.2% per year, but back in 1955 shipping was also very different. Liners and tramps dominated cargo and the premium cargo was people. Fifty six years and 100,000+ investment decisions later everything has changed. Air liners replaced passenger liners; containerships replaced cargo liners and bulkers replaced tramps. Only tankers survived and they are much bigger.
Investment Roller-Coaster
Although this sounds like neat strategic development, for shipping investors it was a nightmare because the growth path was unbelievably volatile. Business started with a surge of growth - between 1955 and 1975 the growth rate accelerated from 4% to 10.2% as investors queued up to order super-tankers and bulkers, funded by the emerging Eurodollar market. That phase peaked in 1975 and by 1985 growth had slumped to -1%. Then it all started again, with growth surging to 8+% in 2010. Part of this volatility was caused by fluctuations in trade growth which was very fast (8%pa) in the run up to the 1975 peak, then grew by just 1% pa in the 1980s and by around 3% since then. But fleet growth was supercharged by investor’s enthusiasm for playing the market using easy Eurodollar finance.
Productivity Puzzle
One surprising lesson from all this is that, despite the chaotic boom and bust environment, the industry was very successful in delivering the new technology which the globalising world economy needed - a state-of-the-art fleet of tankers, bulk carriers and containerships, all carefully graduated in size to meet the complex needs of the modern trading world for cheap sea transport. Another surprise is that the fleet’s transport “productivity” did not increase very much. In 1955 100m GT transported 820mt of cargo, about 8.2t per GT. Today 1 billion GT delivers around 8.4bn tons of cargo, an average of 8.4t per GT.
A Job Well Done
So there you have it. Shipping cycles are about getting the right ships for the trade, at the cheapest freight rates. After 100,000 angst ridden investment decisions shipping investors have really delivered the goods - a billion tons of ships, tailored to the complex needs of the modern global economy, and super low freight rates. On which note, an extra pat on the back to Capesize owners who are doing such a splendid job today, regardless of cost.
Have a nice day.
Source: Clarksons / Hellenic Shipping
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
|
|
|
Showing 5176 to 5180 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Posco Energy - South Korea
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Energy Development Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Port Waratah Coal Services - Australia
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Renaissance Capital - South Africa
- PNOC Exploration Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- PTC India Limited - India
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Timah Investasi Mineral - Indoneisa
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
|
| |
| |
|
