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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 owned by Greek and Chinese shipping companies contribute 34% of the total fleet’s deadweight tonne capacity,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
Although consolidation has been significant within the container shipping segment, the overall shipping market is still very fragmented, and the average shipping company only owns a few ships. Over time, key shipping nations have, however, emerged. Some have since lost importance due to shifts in global trade, but Greece has remained the world’s foremost shipping nation.
More recently, China’s importance as a shipping nation has grown and Chinese shipowners now jointly control the world’s largest merchant fleet. The country also currently owns the second largest fleet of cargo carrying ships.
“Measured by cargo capacity, Greek shipowners control the world’s largest fleet of cargo carrying ships. In total, they control 19% of the cargo carrying capacity and maintain a particularly high share within the dry bulk, tanker, and gas carrier sectors,” says Rasmussen.
The focus of Chinese shipowners has been slightly different. They control a smaller share of tankers and gas carriers but a higher share of the general cargo and container fleets, with COSCO Shipping contributing to the higher share of the container fleet.
The entry of Chinese financial institutions into the leasing market has significantly contributed to the growth of the Chinese owned fleet in recent years, and five out of the 10 largest Chinese shipowners are leasing institutions. Combined, the ten largest shipowners control 41% of the Chinese owned fleet.
The ten largest Greek shipowners are all “traditional” shipowners. Unlike the top ten Chinese owners, the top ten list of Greek shipowners is not dominated by one large owner. Instead, there are seven owners with fleets larger than 10 million deadweight tonnes whereas only three Chinese shipowners have such large fleets.
Even though the Chinese fleet has fewer large owners, the order book held by all Chinese shipowners is 21% larger than the order book held by Greek owners.
Although Greek owners are often very active in the second-hand market, this could indicate that the Chinese fleet may grow faster than the Greeks’ fleets in the coming years.
“Common to both Chinese and Greek shipowners is that relative to their existing fleet, their order books are for LNG carriers and Pure Car Carriers (PCC), two markets currently experiencing solid growth. Chinese owners hold the largest order books in these segments. Their order book for LNG and PCC ships is respectively 126% and 260% of their current fleet.,” says Rasmussen.
Source: BIMCO, By Chief Shipping Analyst, Niels Rasmussen
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
...
Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Petron Corporation, Philippines
- White Energy Company Limited
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Australian Coal Association
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Planning Commission, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Makarim & Taira - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Altura Mining Limited, Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- GVK Power & Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Krishnapatnam Port Company Ltd. - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Vedanta Resources Plc - India
- Ministry of Mines - Canada
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
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