Chinese Enterprises: Acceptance? Refuse?

Brazil vale plans to sell some of its iron ore fleet to Chinese companies. In September 5th, Vale executives said they would negotiate with China and other shipowners to sell or rent their large dry bulk carriers.

After the "valleys" handed out by vale, no Chinese enterprises responded. Rumor has it that China COSCO intends to acquire, but COSCO has denied that it is in touch with the matter. It seems that for the 400 thousand ton super large ore carrier, it is vale of the vale, but COSCO has no intention.

　 Big wheel of China is difficult to enter China

Many people are stunned by the sale of vale, which has been proud of the giant ore carrier.

Vale pays huge sums for big wheels. In August 2008, during the boom season of dry bulk cargo transportation, the Baltic dry bulk index (BDI) was at 8000 place. Vale signed 12 contracts with China's Rongsheng heavy industry company for 400 thousand tons of super large ore carrier. The contract amount was as high as 1 billion 600 million US dollars, creating three world records of single shipbuilding orders, bulk tonnage per tonnage and total tonnage of orders.

However, the shipping market is changing. After the financial crisis, the freight rate has plummeted. Since 2011, BDI index For a long time struggling above 1000 points, the dry bulk index returned to its level 10 years ago.

According to industry analysis, the shipping market downturn is not the main reason for the sale of giant cargo ships in vale. It is mainly because the giant cargo ships are late to enter China. In July this year, the first 400 thousand ton super large mine ship in vale was not approved, and it could not stop in Dalian Port and had to turn to Europe.

If we can't unload at Chinese ports, the giant cargo ship loses China. transport market That means losing the main business, because the Chinese market is very important for the giant cargo ships in vale.

It is reported that Vale will plan to build 19 400 thousand ton class ore carriers, and will also acquire 16 other similar ore carriers through long-term lease. This means that Vale will have an additional capacity of 14 million tons in a few years. The Brazil to China routes are calculated 4 times a year, and the annual transport capacity of 35 VLOC exceeds 56 million tons.

It can be understood why the vale named the 400 thousand tonne mine ship as "China Max", only China's iron and steel industry can have such a large demand.

Now vale is riding a tiger and is considering selling the ship under the consideration of stabilizing its ore business. Chinese Enterprises The company's strategy has been transformed into a stable transportation cost of iron ore.

　 Take advantage of one stroke

For a long time, the international shipping market has been controlled by state enterprises such as Japan, and Baosteel and other steel mills have signed long-term transportation contracts with Japanese shipping companies. Chinese enterprises can not become the mainstream of shipping.

This time, the emergence of super large ore carriers, the turbulence of the vale, means the arrival of the giant freighter era and the gradual change of the dry bulk shipping market. Under the new chaos, Chinese shipbuilding enterprises have entered a new opportunity in the international market.

In the opening era of giant shipping, Chinese enterprises have their inherent advantages. China is the largest freight demand country in the world. The huge volume of international trade in iron ore and grain has provided a stable transport buyer for Chinese enterprises. According to the current situation, the Chinese enterprises or the only suitable person to accept the plate, Vale intends to sell the giant wheel, and the real target buyer is only one Chinese enterprise. In this regard, Vale is very clear that the possibility of selling to other countries' businesses is basically not to maintain stability in the main business of iron ore. Therefore, there is no need for the domestic enterprises to refuse, and seize the opportunity to pull the vale to the negotiating table and take advantage of each other's urgent psychology.

　 In business negotiations, the foothold or price of the negotiations, the low shipping market has created a good opportunity for domestic enterprises to bargain.

Today, with the high cost of oil and labor, the shipping market is generally losing money. If China's shipping companies can take advantage of location advantages, steel demand advantages and establish agreements between mining enterprises, relying on the dual advantages of transportation and price, the large ships that receive the vale will be directly listed among the world's bulk bulk carriers.

Not only that, steel and other raw materials demand businesses will also benefit from the huge capacity and low freight rates brought by giant freighters, making them the biggest beneficiaries. {page_break}

　　 "Denial" is endless.

The boycott of the giant valley of the Vale has not been cut off. It is mainly that the large boat that has been held by the river valleys has given the Chinese shipowners a sense of crisis.

However, the future development trend of the international shipping market is clear, and the huge cargo ships will bring new changes to the dry bulk shipping market. The super large ore carrier increases the capacity while reducing the cost. Compared with the current 200 thousand ton ship, the capacity of the 400 thousand ton super large ore carrier is doubled and the unit weight saved by 30%.

If domestic shipping companies act slowly and do not take the initiative to attack, they will miss the opportunity to change ships. Chinese enterprises will inevitably become the "dwarf" of the international shipping market.

Coincidentally, domestic steel enterprises also have boycott opinions. The 400 thousand ton super large ore carrier launched by vale is trying to establish a distribution center in addition to countering Australian miners. The domestic steel mills worry that the Brazil iron ore contract will be converted from FOB to CIF. Such concerns will weaken the possibility of domestic enterprises taking the lead in the transport market.

However, once the 400 thousand ton super large ore carrier is put into use, it will inevitably cause a fatal blow to the bulk cargo transport fleet. No matter whether the domestic enterprises take over or not, they will not change the situation of the bulk cargo transportation market.

Faced with the "olive branch" delivered by vale, Chinese enterprises are faced with the choice of crossroads, acceptance or refusal, which will directly determine the direction of China's future development in the global dry bulk industry, which is to continue the traditional mode of transportation, or to take the courage to accept the idea of being sent to the door.