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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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Monday, 17 July 23
APPROVED AMMONIA-FUELED CONTAINERSHIP - BENEFITS AND RISKS: REED SMITH
Following the news in Offshore Energy that Korea Maritime Consultants has secured approval in principle from the American Bureau of Shipping for it ...
Friday, 14 July 23
CLEAN COAL USE KEY TO DEEP CUTS IN EMISSIONS, STABLE ELECTRICITY SUPPLY - CHINA DAILY
China must push for the clean use of coal and step up integration of the dirty fuel with carbon capture, utilization and storage to achieve sustain ...
Thursday, 13 July 23
VIETNAM'S COAL EMISSIONS PRIMED FOR SURGE AFTER IMPORTS JUMP - REUTERS
Vietnam’s thermal power emissions are primed for a steep climb this summer after the country’s imports of thermal coal soared to their ...
Monday, 26 June 23
COAL PRODUCTION AND CONSUMPTION UP IN 2022 - EUROSTAT
In 2022, EU coal production and consumption continued to increase, reaching 349 million tonnes (+5% compared with the previous year) and 454 millio ...
Wednesday, 21 June 23
QATAR STRIKES SECOND BIG LNG SUPPLY DEAL WITH CHINA - REUTERS
Qatar on Tuesday secured its second large gas supply deal with a Chinese state-controlled company in less than a year, putting Asia clearly ahead i ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- ASAPP Information Group - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Jorong Barutama Greston.PT - Indonesia
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Wilmar Investment Holdings
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- McConnell Dowell - Australia
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
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