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.
|
|
Monday, 09 May 11
THAILAND COAL IMPORTS SURGE IN Q1 - ICAP SHIPPING
Thailand's coal imports leapt 20% in Q1 and the country looks set to import its largest ever volume in 2011 as quoted by ICAP Shipping web site.
...
Monday, 09 May 11
KOSPO SEEKING 65KT STEAMING COAL
COALspot.com - Korea Southern Power Co (KOSPO) issues tender for 65000 Mt of Steaming Coal Supply with a minimum CV of 4,500 kcal/kg on NAR basis. D ...
Monday, 09 May 11
INDONESIA HBA FALL BELOW $118
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the May 2011 Indonesian Coal Reference Price for thermal coal at US$ 11 ...
Monday, 09 May 11
DIAN SWASTATIKA Q1 PROFIT SOARS 511 PERCENT - INSIDER STORIES
PT Dian Swastatika Sentosa Tbk (DSSA), parent of coal miner PT Golden Energy Mines, reported a 511.73% jump in net profit for the first quarter of t ...
Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
|
|
|
Showing 5266 to 5270 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sree Jayajothi Cements Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Leighton Contractors Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Electricity Regulatory Commission - India
- Minerals Council of Australia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Central Electricity Authority - India
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- Eastern Coal Council - USA
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- India Bulls Power Limited - India
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Baramulti Group, Indonesia
- Economic Council, Georgia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Madhucon Powers Ltd - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
|
| |
| |
|
