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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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Thursday, 09 November 23
GREEK AND CHINESE COMPANIES OWN 34% OF THE GLOBAL FLEET’S CARGO CAPACITY - BIMCO
“The global fleet of cargo carrying ships consists of around 61,000 ships with a deadweight capacity of about 2,200 million tonnes. The ships ...
Monday, 23 October 23
CHINA SEPT COAL OUTPUT HITS SIX-MONTH HIGH ON RISING POWER DEMAND - REUTERS
China’s September coal output rose 0.4% from August to the highest level since March, official data showed on Wednesday, on rising power dema ...
Monday, 23 October 23
INDIA COAL INVENTORIES DROP AT FASTEST PACE IN TWO YEARS, BOOSTING IMPORTS - REUTERS
Coal inventories at Indian power plants in the first half of October fell at their fastest rate in two years, an analysis of government data showed ...
Tuesday, 19 September 23
LNG SHIPPING STOCKS: THE ASIAN GROWTH UP-INDICES
Last week, the UP World LNG Shipping Index (UPI) gained 3.81 points or 2.51%, closing at 155.85 points. This index tracks the performance of LNG sh ...
Sunday, 10 September 23
GOLDMAN SACHS PREDICTS OIL PRICE TO HIT $100 ON OPEC CUTS - YAHOO FINANCE
Oil supply cuts by Saudi Arabia and Russia could lead to Brent crude jumping as high as $107 a barrel in 2024, Goldman Sachs Commodities Research h ...
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- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Indika Energy - Indonesia
- Goldman Sachs - Singapore
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Larsen & Toubro Limited - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- New Zealand Coal & Carbon
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Indo Tambangraya Megah - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Global Business Power Corporation, Philippines
- Australian Coal Association
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Maharashtra Electricity Regulatory Commission - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Bukit Makmur.PT - Indonesia
- Meralco Power Generation, Philippines
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Heidelberg Cement - Germany
- Xindia Steels Limited - India
- Planning Commission, India
- Bhatia International Limited - India
- The University of Queensland
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Wood Mackenzie - Singapore
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