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Tuesday, 25 May 21
MARINE SHIPPERS BULK UP: ANOTHER GAME OF CHICKEN IN THE WORKS? - THE KOREA TIMES
Global shipping companies have been placing orders for large ships, with many anticipating further increased competition within the next three years. Shipping companies have recently ended their decade-long game of chicken which raised deficits, pressuring many companies to close shop and forcing major restructuring and M&As.
Recently, the industry saw a major boom as the COVID-19 pandemic increased demand for global shipping, but some industry watchers point out that once the virus situation ends the shipping companies could engage in another price war.
Maersk holds the largest market share with 16.9 percent followed by MSC Mediterranean Shipping Company with 15.9 percent, COSCO with 12.3 percent and CMA with 12.3 percent. Meanwhile, Korea’s leading transportation and shipping company HMM ― formerly Hyundai Merchant Marine ― is in eighth with 3.1 percent.
Many shipping companies are keeping a close eye on the top two companies Maersk and MSC to sense if they are planning to engage in another price war in the coming years.
For the last decade, Maersk and MSC teamed up to create the so-called “2M” alliance, upgrading to larger vessels to increase freight capacity, leading the global shipping price war.
“Global powerhouses have been busy operating and constructing large vessels that are capable of loading two to three times that of previous ships, while the new engine speed is slower but sturdier and utilizes less fuel. So they are able to cut costs in key areas and lower prices more than other competitors that do not operate newly built large container ships,” an HMM official said.
For the past decade many shipping companies have been forced to adapt to the prices or conduct major restructuring to have a hope of competing. Hanjin Shipping which was once the world’s seventh-largest container shipper was forced to declare bankruptcy in early 2017, failing to raise money and restructure its debt. Three Japanese shipping companies also merged to establish Ocean Network Express (ONE) while others went through major restructuring or acquisitions.
However, some industry experts say a price war may not occur as Maersk has been heavily investing to transition into an all-in-one integrated logistics company expanding into services that provides land-based shipments from factories and customs services as well as warehousing rather than just operating international container shipments.
“Maersk has been heavily investing in its land-based services and they will need all the money they can acquire,” an industry official said. “So it is unlikely they will lower shipping costs and restart a price war.”
With the support of the Korean government HMM has the construction of 12 13,000-twenty-foot equivalent unit (TEU) ships in the works and aims to increase the company’s capacity to 1.12 million TEU by 2025. However, it still is not sufficient to compete with other top players in the industry, which continue to invest heavily in building larger vessels.
According to Alphaliner’s May 19 report, Maersk holds the global top rank with 4.11 million TEU followed by MSC with 3.95 million TEU, CMA with 3.03 million TEU and COSCO with 2.99 million TEU, while HMM is in eighth place with 798,000 TEU.
Source: The Korea Times
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Wednesday, 26 May 21
NEW POWER AND ENERGY MASTER PLAN MUST BE DESIGNED IN BANGLADESH'S BEST INTERESTS, NOT JAPAN'S - IEEFA
JICA must deliver a low or zero emissions plan as promised, not fund Matarbari 2 coal plant
Clear understandings from the Bangladesh ...
Tuesday, 25 May 21
KOREA SOUTHERN POWER INVITED BIDS FOR 870,000 MT OF MIN 5300 NCV COAL FOR 2021 TO 2023.
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for total 870,000 MT of Min 5,300 kcal/kg NCV coal for Augu ...
Tuesday, 25 May 21
CHINA’S COAL OUTPUT RISES IN FIRST FOUR MONTHS - XINHUA
China’s raw coal output rose 11.1 percent year on year to 1.29 billion tonnes in the first four months of 2021, official data showed.
&nb ...
Friday, 21 May 21
MARKET INSIGHT - INTERMODAL
The dry bulk market’s counter seasonal surge so far into the first half of the year -in a sort of 2010 manner - and Capesize’s recent r ...
Wednesday, 12 May 21
U.S. COAL PRODUCTION TO INCREASE BY 43 MMST IN 2021 TOTAL 582 MILLION SHORT TONS - EIA
U.S. energy Information Administration expects U.S. coal production to total 582 million short tons (MMst) in 2021, 43 MMst (8%) more than in 2020. ...
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- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Goldman Sachs - Singapore
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Australian Coal Association
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Kobexindo Tractors - Indoneisa
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- PTC India Limited - India
- Minerals Council of Australia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- White Energy Company Limited
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Borneo Indobara - Indonesia
- Vedanta Resources Plc - India
- VISA Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Sarangani Energy Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
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