Analysis of the grain carrier market
The relevance of research
Grain is one of the most ancient cargoes. Archaeological finds confirm that the transportation of grain originated simultaneously with navigation. For more than one thousand years, grain has occupied a significant part in the total volume of cargo transportation by sea. Transportation of grain in bulk led to a sharp increase in the accident rate, which necessitated the construction of a new type of ships - bulk carriers
Purpose of the study
Analysis of the state of the market for grain carriers, assessment of the market size, analysis of competitors, as well as identification of factors affecting the market for grain carriers
Content
Part 1. Market overview of grain carriers in India
1.1. Main characteristics of the market
1.2. The volume of domestic production of new vessels
1.3. Share of exports in production
1.4. Market share of imports
1.5. Dynamics of market volume 2017-2019 (2019 - estimated). Potential market capacity
1.6. Current state of the grain carrier fleet in India
1.7. Current trends and development prospects of the studied market
1.8. Assessment of factors affecting the market
1.9. Market structure by types of grain carriers
Part 2. Analysis of competitors-shipowners
2.1. Major players in the market
2.2. Market shares of the largest competitors
2.3. The fleet of grain carriers of the main players
Part 3. Analysis of competitors-operators
3.1. Major players in the market
3.2. Market shares of the largest competitors
3.3. The fleet of grain carriers of the main players
Part 4. Analysis of competitors-charterers
4.1. Major players in the market
4.2. Market shares of the largest competitors
Part 5. Government Policy to Support the Development of the Grain Carrier Fleet in India
Part 6. Plans announced as of 01.01.2020 for the construction of new grain carriers in India
Part 7. Forecast of market size until 2025
Part 8. Recommendations and conclusions
Research excerpt
Part 1. Market overview of grain carriers in India
1.1. Main characteristics of the market
Grain is one of the most ancient cargoes. Archaeological finds confirm that the transportation of grain originated simultaneously with navigation. …
The desire to increase the carrying capacity of ships has led to the emergence of a new method of transporting grain without packaging - ...
Bulk carrier (English bulker, bulk carrier from bulk - bulk cargo), or bulk carrier - a specialized vessel for the carriage of goods in bulk (in bulk), such as ...
Bulk carriers are single-deck vessels, differing from others in their large carrying capacity and low speed. The holds of bulk carriers have…
Bulk carriers by type of cargo are classified into:
Universal bulk carriers are designed for…
Highly specialized bulk carriers are used for…
Bulk carriers are classified by size into:
Mini bulk carriers with…
Seawaymax …
In total, the global merchant fleet as of January 1, 2019 consisted of ... ships with a total carrying capacity of ... billion dwt. Bulk carriers carrying …
Compared to the data at the beginning of 2018, the total deadweight of bulk carriers in the world fleet increased by …%, and the share in the total deadweight of all vessels increased by …%.
Among the ships built in the last five years, container ships with an average size of …tdwt are the largest, followed by tankers with an average size of …tdwt and bulk carriers with an average size of …tdwt. These trends reflect changing...
More than …% of new bulk carriers (by the number of gross tons) in 2018 were built in …, another third – in …
These manufacturing countries have a large backlog in the field of production technologies, as well as favorable ... In this niche, Indian shipyards ...
Chart 4. Tonnage of bulk carriers reportedly sold for scrapping by country of scrapping, 2018 (thousand gross tons)
…% of the bulk carriers of the world fleet sold for scrap were disposed of in …, another …% - in …
In India, bulk carrier ships ..., however, the number varies depending on the source: according to ...
According to the Register...
1.2. The volume of domestic production of new vessels
According to ... in 2018 and 2017, in terms of tonnage (thousand reg. tons) of built bulk carriers, ... (2017 - ..., 2018 - ..), Japan (2017 - ..., 2018 - ...), Philippines (2017 - ..., 2018 - ...) and South Korea (2017 - ..., 2018 - ...).
Other countries in 2017 put into operation bulk carriers in the amount of … thous. tons, and in 2018 – … thousand br.-reg. tons. However, no bulk carriers were built in India between 2017 and 2019.
Of the considered category of ships currently operating in India, most are built in ...
...
1.3. Share of exports in production
In 2017-2019, the production and export of ships by domestic …
For the period 2017-2018, the following vessels were exported (mainly for disposal):
2017 year
- ""Pavel Vavilov"", ...
- ...
1.4. Market share of imports
The volume of the Indian market of the bulk fleet in 2017-2019 inclusive was only ships ...
In total, for the 3 years under review, ...bulk carriers were imported: ... - in 2017, ... - in 2018 and ... - in 2019:
1.5. Dynamics of market volume 2017-2019 (2019 - estimated). Potential market capacity
Taking into account the above foreign trade operations ... in 2017-2019, the market volumes are as follows:
In 2017, the market volume, taking into account … exported for scrapping and … imported ships, amounted to … million Rs., in 2018, taking into account … exported for scrapping and … imported ships, amounted to … million Rs., in 2019, the market volume, taking into account … exported and … of imported ships amounted to … million Rs.
Determine the potential market capacity at the moment ...
Let's compare the state of the bulk carrier fleet in India with the countries of the world:
According to the review … the commercial value of bulk carriers in India at the beginning of 2019 is … million dollars, which is only …% of the total cost of the entire world bulk carrier fleet. India figures...
Such a comparison allows, in general, without taking into account the influence of macrofactors, to testify to ...
1.6. Current state of the grain carrier fleet in India
The table summarizes all data obtained during the search for bulk carriers operating in India at the beginning of 2020.
Table 4. Current register and characteristics of bulk carriers in India as of March 01, 2020, units rev.
At present (beginning of 2020) the total number of Indian companies owned and operated (companies are operators) is ... bulk carriers, all of them are ... The largest number of bulk carriers is owned by LLC ... - ... ships.
The company provides services…
India's second largest bulk carrier fleet has ""…"" (specifically...) -... vessels. …
Most of the bulk carriers in India are … years old (…the groups with the most ships are …), while there are no ships built by … Thus, in the medium term …
1.7. Current trends and development prospects of the studied market
The Indian Bulk Carrier Fleet Market is characterized by the following features, trends and prospects:
...
1.8. Assessment of factors affecting the market
Macroeconomic factors influence the dynamics of all sectors of the Indian economy, including the grain carrier market. The main groups of factors are: economic, political, social and technological.
Economic
GDP (gross domestic product) is used to determine the rate of economic development of any state. GDP is a macroeconomic indicator that reflects the total value of goods, works and services that were produced and provided in the country in a year. Gross domestic product is the main indicator on the basis of which the level and pace of the country's economic development are determined.
Chart 12 shows India's GDP growth rate from 2014 to 2019 at comparable prices (at 2016 prices). Until 2014, the growth rate was ..., but it was constantly decreasing, and in 2015 ...
In 2015, which was the peak of the crisis in the state, the decline in GDP was …% compared to the previous year 2014, and since the dynamics of GDP is directly proportional to …
In 2016, GDP …, at the end of 2017, this indicator demonstrates ...
At the end of 2019, the GDP index amounted to …%.
In general, the positive impact of this factor.
Diagram 12. Dynamics of India's GDP, in 2014-2019, billion Rs., % to the previous year
Diagram 21. Market structure by age of ships at the time of purchase for 2017-2019, units
At the time of the acquisition of ships by Indian companies … the ships were from … years old… - from … years old, 1 … Thus, all purchased ships are already …
…% of bulk carriers purchased abroad in 2017-2019 were built in …, …% - in … and …% - in ...
Two thirds of the bulk carriers purchased from 2017 to 2019 had a deadweight of … tons. …% of bulk carriers had a deadweight of … thousand tons.
Part 2. Analysis of competitors-shipowners
2.1. Major players in the market
The table shows the company-owners of the vessels acquired in the period under review from 2017 to 2019: LLC ..., LLC ..., ...
Table 11 Owners and Operators of India's Total Bulk Carrier Fleet
Most often, the owner and operator of a bulk carrier is…
2.2. Market shares of the largest competitors
The most expensive vessel was …, purchased by LLC …, due to this, the specified company took a share of …% in the volume of imports for 3 years. The cheapest was...
Let us also consider the shares of the owners of the entire fleet of bulk carriers in India. The shares are allocated by GidMarket based on the deadweight of the indicated vessels of the fleet of each owner.
More than a third of the deadweight of the fleet belongs to the ships of the company ... - ...%, in second place ..
2.3. The fleet of grain carriers of the main players
Of the presented companies, LLC ... has the largest fleet in terms of quantity. The company's fleet includes ... vessels, including ... bulk carriers, ...
Detailed data on bulk carriers (name, year of construction, country of construction, deadweight, gross tonnage, engine, engine power) of all owner companies are given in the table in section 1.6.
Part 3. Analysis of competitors-operators
3.1. Major players in the market
Based on data published in open sources and data from market operators … are both owners and operators of these vessels.
A detailed list of operators of all vessels in India's bulk carrier fleet is presented in the table in Section 2.1.
3.2. Market shares of the largest competitors
The largest number of vessels acquired over 3 years are managed by companies: ...
Let us also consider the shares of operators of the entire Indian bulk carrier fleet. Shares are allocated by GidMarket based on the deadweight of the indicated vessels of each operator's fleet.
A little more than 1/3 of the total deadweight of the bulk carrier fleet is operated by … – …%. Second largest share – …% – …
3.3. The fleet of grain carriers of the main players
Of the operators, the most significant fleet size in terms of number and total deadweight belongs to LLC ... - ... a vessel with a total deadweight of ... thousand tons.
Part 4. Analysis of competitors-charterers
4.1. Major players in the market
If we consider the market for the fleet of bulk carriers (and, in particular, grain carriers), then suppliers and manufacturers on it are ...
According to … …% of grain is exported by sea, so the shares of the largest exporting companies in the total export volume will be …
The largest grain exporters in India in the 2018/2019 season were: TD …, …, …
4.2. Market shares of the largest competitors
Diagram 29. Shares of the largest grain exporting companies in the total export volume in the 2018/2019 season, %
The largest exporters, … are: … with a share of …%, … with a share of …% and … The top 10 companies presented in the diagram occupy a share of …%. Others (more than ... companies) occupy a share of ...%.
Part 5. Government Policy to Support the Development of the Grain Carrier Fleet in India
...
Part 6. Plans announced as of 01.01.2020 for the construction of new grain carriers in India
As of March 2020 in India…
A few years ago, a group of companies asked themselves the question of the need to own their own fleet for the transportation of grain…
Also according to the company…
Also in March 2018, negotiations were held between …
Part 7. Forecast of market size until 2025
...
With a pessimistic scenario in the conditions ...
With the optimistic...
Part 8. Recommendations and conclusions
...
Diagrams
Figure 1. Dry bulk carrier (bulk carrier)
Figure 2. Handymax Bulk Carrier
Diagram 3. Deliveries of new bulk carriers by countries of construction, 2018, thousand gross reg. tons
Chart 4. Tonnage of bulk carriers reportedly sold for scrapping by country of scrapping, 2018 (thousand gross tons)
Diagram 5. The ratio of imported and domestic products in the bulk carrier fleet market in 2017-2019, %
Diagram 6. Bulk carrier fleet market volume in India in 2017-2019, million Rs.
Figure 7. Panamax size bulk carrier Emmakris I
Figure 8. Bulk storage vessel Petra II
Figure 9. Bulk carrier Seapower
Figure 10. Bulk carrier Kavkaz III
Diagram 11. Age composition of the bulk carrier fleet in India, units
Diagram 12. Dynamics of India's GDP, in 2014-2019, billion Rs., % to the previous year
Chart 13. Monthly dynamics of the US dollar against the rupee, 2015-2019, Rs. for 1 US dollar
Diagram 14. Dynamics of India's IPP in 2014 - 2019, % to the previous year
Diagram 15. Population dynamics in India, 2010-2019, million people, %
Diagram 16. Dynamics of real incomes of the population of India, 2011 - 2019, % to the previous year
Diagram 17. Dynamics of grain turnover in Indian seaports in 2016-2018, million tons
Figure 18. RSD59 dry cargo ship
Figure 19. Vessel ""Partizan""
Diagram 20. Dynamics of the average interest rate on loans, 2014-2019 (Jan-Nov), years, %
Diagram 21. Market structure by age of ships at the time of purchase for 2017-2019, units
Diagram 22. Market structure by country of origin of purchased vessels for 2017-2019, % of the total number of purchased vessels
Diagram 23. Market structure by deadweight of purchased vessels for 2017-2019, % of the total number of purchased vessels
Chart 24. Shares of owners of bulk carriers purchased in 2017-2019, % of the amount of imports in rupees at the average exchange rate of the corresponding year
Diagram 25. Shares of dry bulk ship owners in the total deadweight of the bulk carrier fleet in India, %
Diagram 26. Shares of operators of bulk carriers acquired in 2017-2019, % of the total number of ships purchased
Diagram 27. Shares of bulk carrier operators in the total deadweight of bulk carrier fleet in India, %
Diagram 28. Export of grain by mode of transport in 2018, %
Diagram 29. Shares of the largest grain exporting companies in the total export volume in the 2018/2019 season, %
Figure 30. Key mechanisms and financial instruments of state support for innovative development in shipbuilding
Figure 31. RSD79 dry cargo ship
Diagram 32. Forecast of the volume of the bulk carrier fleet market in India in 2020-2025, mln Rs.
Tables
Table 1. Age structure of the world bulk carrier fleet in 2018-2019, units rev.
Table 2. Bulk carriers imported to India in 2017-2019, units rev.
Table 3. Bulk carrier fleet of different countries by commercial value, as of January 1, 2019, units rev.
Table 4. Current register and characteristics of bulk carriers in India as of March 01, 2020, units rev.
Table 5. Average producer prices for certain types of industrial goods in India at the end of the period in 2017-2019, rupees per unit of measurement
Table 6. Producer price indices for construction products in 2017 - 2019, % compared to December of the previous year
Table 7. Weighted average interest rates of credit institutions on credit operations in rupees, excluding PJSC Sberbank (% per annum), 2014-2019 (Jan-Nov)
Table 8. Main projects for the development of grain seaport transshipment facilities
Table 9. STEP analysis of factors influencing the grain carrier market
Table 10. Owners of acquired in 2017-2019 bulk carriers
Table 11 Owners and Operators of India's Total Bulk Carrier Fleet
Table 12. Fleet of owners of bulk carriers purchased in 2017-2019, units rev.
Table 13. Operators acquired in 2017-2019 bulk carriers
Table 14. Fleet of bulk carrier operators acquired in 2017-2019, units rev.
Table 15. Major Charterers of Vessels for the Carriage of Grain
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