We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 18 April 21
WORLDSTEEL RAISES 2021 STEEL DEMAND GROWTH FORECAST TO 5.8% - WORLDSTEEL
The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand wil ...
Sunday, 18 April 21
CHINA'S Q1 COAL OUTPUT RISES 16% ON STRONG DEMAND FOR WINTER HEATING - REUTERS
China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust in ...
Wednesday, 14 April 21
INDIA HAS A RECORD LEVEL OF STOCKPILED COAL DAMPENING NEED FOR NEW DOMESTIC MINES - IEEFA
Proposed coal mining expansions at odds with excess supply
India has stockpiled a record 132 million tonnes of coal – enough t ...
Wednesday, 14 April 21
BANGLADESH NEEDS A RENEWABLES FOCUS, NOT A SWITCH FROM 'COAL TO GAS' - IEEFA
Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations
The emerg ...
Wednesday, 14 April 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX DOWN 1.10 PCT - XINHUA
China Taiyuan coal transaction price index stood at 138.05 points Monday, down 1.10 percent week on week.
The index, released by Chi ...
|
|
|
Showing 596 to 600 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Siam City Cement PLC, Thailand
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kumho Petrochemical, South Korea
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Electricity Authority, New Zealand
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Australian Coal Association
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Chettinad Cement Corporation Ltd - India
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Agrawal Coal Company - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
|
| |
| |
|
