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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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Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
Sunday, 16 April 23
CHINA JUGGLES FOUR MAJOR ECONOMIC CHANGES IN 2023 - WOOD MACKENZIE
Change is afoot in China. Economic growth is slowing, while rising political tensions between China and the US, coupled with global supply chain re ...
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- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Parry Sugars Refinery, India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Energy Development Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Indonesian Coal Mining Association
- Australian Coal Association
- Chamber of Mines of South Africa
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Coal and Oil Company - UAE
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Intertek Mineral Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Meralco Power Generation, Philippines
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
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