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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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Friday, 05 January 24
BANGLADESH’S 2023 COAL-FIRED POWER OUTPUT TRIPLED, EASING SHORTAGES - REUTERS
Bangladesh nearly tripled its coal-fired power output in 2023, a Reuters analysis of government data showed, helping it tide over the worst power s ...
Tuesday, 02 January 24
COAL TRADE CONTINUES TO HEAD EAST - BALTIC EXCHANGE
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the Inte ...
Tuesday, 02 January 24
COAL CARGOES: AVOIDING EXPLOSION AND SELF-HEATING - GARD
KNOWLEDGE TO ELEVATE
Despite its contribution to greenhouse gas emissions, global coal consumption climbed to an all-time high in 2022 and is ...
Tuesday, 02 January 24
SINOPEC FORECASTS CHINA’S COAL CONSUMPTION TO PEAK AROUND 2025 - REUTERS
China Petrochemical Corp, or Sinopec, expects coal consumption to peak around 2025 at 4.37 billion metric tons, the state energy group said in an o ...
Thursday, 07 December 23
CHINA TO SET UP COAL PRODUCTION RESERVE TO STABILISE PRICES - REUTERS
China will establish a back-up coal production system by 2027 to stabilise prices and secure coal supply, the state planner said on Wednesday, even ...
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- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Salva Resources Pvt Ltd - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Savvy Resources Ltd - HongKong
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- PTC India Limited - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Xindia Steels Limited - India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- CNBM International Corporation - China
- The University of Queensland
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- GMR Energy Limited - India
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bahari Cakrawala Sebuku - Indonesia
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Australian Commodity Traders Exchange
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