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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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Monday, 24 June 24
PHILIPPINES COAL SUPPLY ENOUGH UNTIL 2030 - PHILSTAR GLOBAL
The country’s existing coal-fired power plants are sufficient to ensure enough base load capacity in the next six years, Energy Secretary Rap ...
Friday, 14 June 24
NEXTDECADE, SAUDI ARAMCO SIGN 20-YEAR LNG SUPPLY DEAL - REUTERS
U.S. liquefied natural gas (LNG) provider NextDecade has signed a non-binding agreement with Saudi Aramco 2222.SE to supply 1.2 million tonnes per ...
Friday, 14 June 24
NEWBUILDING PRICES CLIMB 3% TO HIGHEST LEVEL IN 16 YEARS - NIELS RASMUSSEN
“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2 ...
Friday, 14 June 24
INDIA TARGETS HIGHER DOMESTIC COAL PRODUCTION, REDUCED IMPORTS: GOVT - REUTERS
India wants to reduce coal imports and increase domestic production, federal coal minister G. Kishan Reddy said on Thursday.
The cou ...
Thursday, 13 June 24
US LNG TO ASIA FOR POWER GENERATION EXPECTED TO CUT EMISSIONS VERSUS COAL - RYSTAD ENERGY
The value-chain emissions of liquified natural gas (LNG) are lower on average than for coal-fired power generation, even when the fuel is shipp ...
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- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Planning Commission, India
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Australian Coal Association
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- International Coal Ventures Pvt Ltd - India
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Romanian Commodities Exchange
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Semirara Mining and Power Corporation, Philippines
- Parliament of New Zealand
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Larsen & Toubro Limited - India
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Indika Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- Kideco Jaya Agung - Indonesia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Aboitiz Power Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Mercuria Energy - Indonesia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
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