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Tuesday, 09 August 16
BREXIT, BRITANNIA AND THE WAVES - TREVOR CROWE, CLARKSON RESEARCH
 This week, the Bank of England put into place its action plan following the UK referendum on 23rd June, which indicated the British population’s preference to leave the European Union. While the political dust has yet to settle, shipping market observers have had time to form their views on the impact of ‘Brexit’ on the industry. This week’s Analysis attempts to put the UK and the EU’s role in shipping in context.
Holding On
Once upon a time, of course, Britannia ‘ruled the waves’ and Great Britain, with its colossal maritime heritage (remember the British Empire?) was one of the world’s leading lights in ship ownership and shipbuilding. Today the story is a little different. UK owners account for just 2% of the global fleet in GT terms. The EU as a whole, however, remains a significant player, with 36% of world tonnage. While market share has shifted to the Asia-Pacific (39%), EU owners have held their own, led by the world’s largest owner nation in Greece, which has not been subject to its own ‘Grexit’ just yet.
Sailed East
Historically, Europeans were leading shipbuilders too, but in the modern era shipbuilding is dominated by Asia. In 2015, EU builders took 1.9m CGT of new orders (over 1,000 GT), 5% of the global total, and today account for 8% of the orderbook in CGT, whilst China, Korea and Japan together account for 84%. Europeans are now largely builders in the niche markets, dominating the cruise sector and maintaining a focus on small ships. Within the EU, the UK’s contribution is limited, with just two merchant vessels over 1,000 GT built since 2011.
Big Bloc
In terms of trade, the UK, given its status as the world’s 5th largest economy, accounts for a significant volume of imports and exports. However, in a global context these account for a relatively modest share. The UK’s imports account for an estimated 2% of global seaborne trade and its exports 1%. The EU, meanwhile, is much more significant, as befits its role as the world’s largest trading bloc, accounting for an estimated 16% of seaborne imports and 12% of exports.
Service Culture
One area where the UK and Europe maintain importance is as service providers. The UK is the world’s 14th largest flag and EU flags account for 18% of world tonnage. Lloyd’s Register in the UK is still a leading class society and along with DNV-GL and BV, the EU’s heavy-hitters, class 44% of the world fleet. Furthermore, London still remains one of the world’s pre-eminent maritime business hubs at the forefront of legal services, insurance and shipbroking too!
Wider, Still & Wider
However ‘Brexit’ plays out, it won’t go without notice. In fleet ownership or trade terms, the UK alone is not so significant (though the EU as a whole is). Perhaps the more important impact might be the wider fallout of uncertainty (or worse) surrounding one of the world’s largest economies. Meanwhile, the UK will be hoping that London can retain its role at the centre of commercial maritime affairs. Leaver or Remainer, have a nice day.
Source: Mr. Trevor Crowe, Clarkson Research | Hellenic Shipping News
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Tuesday, 06 September 16
INDO GOVT. SETS SEPTEMBER COAL REFERENCE PRICE AT US$ 63.93 PER TON; JUMP 20.17% YTD
COALspot.com: The Indonesia coal benchmark price hits to its highest level since April 2015. The government declared benchmark prices f ...
Tuesday, 06 September 16
CAPESIZE: THE PACIFIC BASIN WAS THE MAIN REGION KEEPING UP WITH THE POSITIVE SUPPORT - ALLIED
Capesize
Despite some mixed feelings being seen early on in the week, we managed to see a positive week-on-week close on Friday with some positiv ...
Monday, 05 September 16
INDIA BECAME ADARO'S SECOND LARGEST MARKET IN 1H' 16
COALspot.com: The Wara Balangan blend product has been well received by customers in China and India - AI
In the second quarter of 2 ...
Monday, 05 September 16
POOR FREIGHT RATES DESPITE STRONG DEMAND GROWTH FROM CHINA - BIMCO
Demand
The dry bulk commodity imports into and exports out of China we have seen in the first half of 2016 are very positive – and nothing ...
Monday, 05 September 16
FREIGHT RATE FROM INDONESIA TO INDIA IS EXPECTED TO BE FLAT TO SOFT THIS WEEK
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
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- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Medco Energi Mining Internasional
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Planning Commission, India
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Madhucon Powers Ltd - India
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Central Java Power - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Posco Energy - South Korea
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Indika Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Power Finance Corporation Ltd., India
- OPG Power Generation Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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