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Friday, 16 September 16
GLOBAL SHIPBUILDING: THE CHALLENGE TO REMAIN 'ACTIVE' - CHRISTOPHER PEARCE, CLARKSONS
 The number of ‘active’ shipyards globally has more than halved since the start of 2009, falling to around 400 shipyards at the start of September 2016, with rapid growth in the total followed by steep decline all within the last decade. In today’s extremely weak contracting environment, remaining ‘active’ is clearly a difficult challenge for many shipbuilders.
Builders Becoming Less Active
A yard is defined as ‘active’ if it has at least one vessel (1,000+ GT) on order, with ‘inactive’ builders with no orderbook suggestive of highly vulnerable capacity. Looking back, global contracting increased dramatically (by 78%) from 2002 to peak in 2007, with the orderbook peaking in 2009. With capacity expanding to meet this demand, the number of active yards skyrocketed (see graph), rising 72% from 2005 to a peak of 931 yards in 2009. However, since the financial crisis, the shrinking orderbook has led the number of active yards to decline. As of start September 2016 there were 402 active yards, down 57% on the 2009 peak. Alongside this drop in the number of active yards, newbuild output has fallen and this year is projected to stand 34% below its 2010 peak in CGT terms.
Chinese Yards Losing The Bulk
From 2005, the number of active Chinese yards grew rapidly, increasing 117% to a peak of 382 yards in 2009. Many of the new yards specialised in the bulkcarrier sector; Chinese builders accounted for half of bulker orders during this period. Since then, the number of active Chinese yards has declined by 63%, with almost half of these closures accounted for by ‘small’ yards that had delivered two ships or fewer. There were just 140 active Chinese yards at the start of September 2016, or around 35% of all active yards globally. The number of active yards in Japan has been more steady, peaking at 71 in 2008, before falling 17% by September 2016, when 59 were reported to have an orderbook. Meanwhile, larger Korean yards have mostly remained active up to today. Korea’s historically high number of active yards in the late 2000s was largely due to the establishment of around 20 small yards, many of which have now closed. Elsewhere, post-2008, European yards struggled to compete for the more limited number of orders. By September 2016, 140 fewer European yards were active than back in 2008.
The Challenge To Be Active
Looking ahead, many active yards appear vulnerable today. Around 240 currently active shipyards are scheduled to deliver their last units on order by the end of 2017. Of course, some of these yards may yet receive orders or have deliveries delayed. However, around a quarter of active yards have only a single ship on order, while around 40% are not reported to have taken a contract since 2014. Only 59 builders have deliveries due into 2019 and beyond.
So, the number of active yards has more than halved since 2009, with a prominent feature being the exit of many Chinese builders from the scene. With ordering levels likely to remain subdued going forward, some shipyards that do not already have substantial orderbooks may also find remaining active a challenge.
About Clarkson
Clarksons is the world’s leading provider of integrated shipping services, bringing connections and experience to an international client base. (Source: Company’s website)
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Monday, 25 July 16
THE BDI FELL ON WEAKER RATES FOR CAPESIZE & PANAMAX VESSELS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Cape and Panamax segments ending in neg ...
Friday, 22 July 16
U.S COAL OUTPUT ROSE 17.2% WEEK OVER WEEK - EIA
COALspot.com – U.S, world’s second largest coal producers has produced approximately totalled an estimated 15.1 million short tons (mms ...
Thursday, 21 July 16
WHAT TO DO WHEN YOU DON'T GET PAID - SHIPOWNERS CLUB
Present market conditions have led to an increase in claims related to unpaid hire. To recover unpaid hire, Owners need to fully understand who the ...
Thursday, 21 July 16
CONSTRUCTIVE TOTAL LOSS: WHAT GOES IN TO CALCULATING QUANTUM? - HILL DICKINSON
KNOWLEDGE TO ELEVATE
The Commercial Court recently delivered its judgment in an important case (Connect Shipping Inc and Machrimar Management ...
Wednesday, 20 July 16
EDIBLE OIL MARKETS ACROSS THE GLOBE REMAIN UNDER PRESSURE - STELIOS KOLLINTZAS
The edible oil markets across the globe remain under pressure on the back of lackluster demand. Some of the main factors causing the low activity a ...
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- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- AsiaOL BioFuels Corp., Philippines
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Orica Mining Services - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Planning Commission, India
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Indogreen Group - Indonesia
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
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