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Monday, 14 August 17
CENTURIES ON, AND DRY BULK STILL RULES THE WAVES... - SARAH HOLDEN | CLARKSONS
 By the late 1800s, the shipping industry had been transformed by the introduction of steam power and iron ships. Coal and grain were two of the most important cargoes, alongside timber, sugar, cotton and tea. While technology, the sheer scale of the business, and the global cargo mix, have of course all changed since then, dry bulk cargoes have retained a position at the heart of global seaborne trade.
An Ancient Title
In 2016, seaborne dry bulk trade totalled 4.9 billion tonnes. That’s equal to 44% of world seaborne trade, by far the highest proportion of any cargo group, followed by oil with a 27% share. From the early days of the industrial revolution, dry bulk goods fuelled the world’s industry, and they still do so today, although the drivers of expansion have shifted. Looking at the recent history, dry bulk trade has gone through a rather rocky patch, but some cargoes have still steamed ahead.
King Of The Cargoes
Today, seaborne trade in iron ore is the largest of any dry bulk cargo in terms of volumes, with 1.4 billion tonnes shipped in 2016, 13% of global seaborne trade. In the early 1980s, iron ore was the biggest individual dry bulk cargo, although lost the top spot to coal in the 1990s. However, the meteoric rise of China’s steel industry in the 2000s propelled trade in iron ore to new heights, with growth in Chinese imports accounting for 94% of expansion in global iron ore trade between 2000 and 2014. Whilst coal trade has taken a breather since then, iron ore has pushed on, supported by major mine expansions, despite concerns about the Chinese economy (particularly in 2015). While iron ore and coal trade were a similar size in 2013, by 2016, iron ore trade was 25% larger than coal trade.
Troubled Queen
In the late 19th century, it was coal that was the dominant cargo, with around 50mtpa shipped. Today, it is still the second largest dry bulk cargo at 1.1 billion tonnes in 2016, but it has had a bumpy ride of late. Having grown fairly steadily between 1980 and 2008, coal trade was significantly boosted in 2009-13 by China raising imports to supplement vast domestic output. By 2012, China was the largest coal importer globally, but a 31% drop in imports in 2015 led to a 6% decline in global seaborne coal trade that year. While coal trade has now returned to growth, rising environmental concerns in many countries could limit expansion.
Goods Of The Realm
Outside of the two largest cargoes, grain trade, which in the early 1980s was a similar size to coal trade, has expanded steadily, but not as dramatically as the more significant commodities, and totalled 481mt in 2016. Meanwhile, minor bulk trade, which was dented by the global economic downturn, has still risen considerably, but was hit again in 2014-16 by Indonesia’s raw mineral export ban.
Leading The Way
So, hundreds of years have passed, but dry bulk remains shipping’s largest cargo type. Some cargoes have fared better than others, but despite the challenges still present today, nothing yet looks like it will easily knock dry bulk off its top spot.
By Ms Sarah Holden
clarksons
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Friday, 08 September 17
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Wednesday, 06 September 17
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SHIPPING MARKET INSIGHT - STELIOS KOLLINTZAS
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Showing 1951 to 1955 news of total 6871 |
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- Kobexindo Tractors - Indoneisa
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Australian Coal Association
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Gujarat Sidhee Cement - India
- Global Business Power Corporation, Philippines
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Marubeni Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Timah Investasi Mineral - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Bhatia International Limited - India
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- Indo Tambangraya Megah - Indonesia
- London Commodity Brokers - England
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Global Green Power PLC Corporation, Philippines
- GVK Power & Infra Limited - India
- Ministry of Mines - Canada
- PTC India Limited - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- The University of Queensland
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