BIMCO’s Chief Shipping Analyst, Niels Rasmussen, has revealed that Greek and Chinese transport corporations now personal 34% of the worldwide fleet’s cargo capability, with Greek homeowners main on cargo capability.
“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 Rasmussen.
Although consolidation has been vital inside the container transport phase, the general transport market remains to be very fragmented, and the common transport firm solely owns a couple of ships. Over time, key transport nations have, nevertheless, emerged. Some have since misplaced significance attributable to shifts in international commerce, however Greece has remained the world’s foremost transport nation.
More not too long ago, China’s significance as a transport nation has grown, and Chinese shipowners now collectively management the world’s largest service provider fleet. The nation additionally presently 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 barely totally different. They management a smaller share of tankers and fuel carriers however a better share of the normal cargo and container fleets, with COSCO Shipping contributing to the upper share of the container fleet.
The entry of Chinese monetary establishments into the leasing market has considerably contributed to the expansion of the Chinese owned fleet in recent times, and 5 out of the ten largest Chinese shipowners are leasing establishments. Combined, the ten largest shipowners management 41% of the Chinese owned fleet.
The 10 largest Greek shipowners are all “traditional” shipowners, and the checklist will not be dominated by one giant proprietor. Instead, there are seven homeowners with fleets bigger than 10 million deadweight tonnes whereas solely three Chinese shipowners have such giant fleets.
Even although the Chinese fleet has fewer giant homeowners, the order e-book held by all Chinese shipowners is 21% bigger than the order e-book held by Greek homeowners.
Greek homeowners are sometimes very lively within the second-hand market, so this might point out that the Chinese fleet might develop sooner than the Greeks’ fleets within 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, two markets currently experiencing solid growth.” Chinese homeowners maintain the biggest order books in these segments. Their order e-book for LNG and pure automobile carriers is respectively 126% and 260% of the present fleet.
