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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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Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
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- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Thai Mozambique Logistica
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Oil Corporation Limited
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Singapore Mercantile Exchange
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- The University of Queensland
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- SMC Global Power, Philippines
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Larsen & Toubro Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Marubeni Corporation - India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- SMG Consultants - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- White Energy Company Limited
- Ministry of Transport, Egypt
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