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China – Friend or Foe?
Panel Discussion
Page 2
China – Friend or Foe?
Per Capita Measures of China's Economic Development vs The US: Well Ahead on Some; Well Behind on Others
Exports of Goods
Domestic Bond Outstanding
Exports of ServicesGDP
Fixed Investment
Dining Out
Private Consumption Air Travel
Electricity Consumption per capita
Passenger Car Penetration
Highway
Aluminium Consumption
Life Insurance Penetration
Stock Market Capitalistaion
Mobile Phone Penetration
Bank Loans
Electricity Consumption Intensity
Steel Consumption
0%
50%
100%
150%
200%
250%
300%
1900 1920 1940 1960 1980 2000 2020
US Equivalent Year
Ch
ina
as a
% o
f U
S C
urr
ent
(Per
Cap
ita)
Sources: Credit Suisse, Tufton
Page 3
China – Friend or Foe?
Steel Production
0
100
200
300
400
500
600
700
1980 1985 1990 1995 2000 2005 2008 2009 2010
Year
Mil
lio
n t
on
s
Japan Europe North America South+Latin America China
Coal & Iron Ore Imports
0
100
200
300
400
500
600
700
800
900
1990 1995 2000 2005 2008 2009 2010
Year
Millio
n t
on
s
Japan Europe South Korea China
Sources: SSY, Tufton
Page 4
China – Friend or Foe?
China Becoming As Important As USA - Crude Oil Ton-Miles (Oct’10)
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
USA EU27 Japan China South Korea
Middle East West Africa North Africa Latin America North Sea Other Billion Ton-Miles
Sources: SSY, Tufton
Page 5
China – Friend or Foe?
Sources:
Clarksons, DNV, MSI
Number of Shipyards in Far East
0
50
100
150
200
250
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
Year
Nu
m
China Japan South Korea
Shipbuilding Capacity
0
24
68
1012
1416
18
Year
Mn
CG
T
Japan South Korea China North America Europe
World Orderbook DWT 31/12/2010
Page 6
China – Friend or Foe?
Top 30 Shipping Banks 2010
-20
-10
0
10
20
30
40
50
60
HS
H N
ordb
ank
DnB
Nor
Com
m /
Dre
s /
Sch
iffs
RB
S
KfW
BN
P P
arib
as /
For
tis S
A N
V
Nor
dea
Nor
dLB
/ B
rem
er L
ande
sban
k
BT
MU
Lloy
ds B
anki
ng G
roup
Cre
dit
Agr
icol
e
Ban
k of
Chi
na
DV
B
HS
BC
Chi
na E
xim
Uni
cred
it
SM
BC
Deu
tsch
e B
ank
Dan
ish
Shi
p F
inan
ce
Kor
ea E
xim
Citi
Dan
ske
Ban
k /
Fok
us B
ank
SE
B
ING
AB
N A
mro
Nat
ixis
ICB
C
NB
G
Hel
aba
Existing Shipping Book Net Expansion Since Last Year Net Contraction Since Last Year
Sources: Marine Money, Petrofin, Eurofin, Tufton
USD Billion
Page 7
China – Friend or Foe?
Panel
Amir Maghami MD, Simatech Shipping LLC Harry Theochari Partner, Norton Rose LLP Julian Proctor MD, Tiger Group Investments Ltd. Simon Deefholts Director of Shipping, HSBC Bank plc Scott Jones CEO, ESHIPS Zefeng Gao Dep Director Shipping Finance, Export-Import
Bank of China
Moderators: Jonathan Hill MD Shipping Funds, Tufton Oceanic (Middle East)
Ltd., Dubai Nigel Anton MD and Hd of Shipping Finance, Standard
Chartered Bank
Panel
Amir Maghami MD, Simatech Shipping LLC Harry Theochari Partner, Norton Rose LLP Julian Proctor MD, Tiger Group Investments Ltd. Simon Deefholts Director of Shipping, HSBC Bank plc Scott Jones CEO, ESHIPS Zefeng Gao Dep Director Shipping Finance, Export-Import
Bank of China
Moderators: Jonathan Hill MD Shipping Funds, Tufton Oceanic (Middle East)
Ltd., Dubai Nigel Anton MD and Hd of Shipping Finance, Standard
Chartered Bank
Page 8
Tufton Oceanic – Contact Details
Tufton Oceanic - London1 Albemarle StreetLondon W1S 4HA, EnglandPhone: +44 20 7518 6700Fax: +44 20 7518 6701
Erik LindEmail: [email protected]: +44 20 7518 6751
Andrew HampsonEmail: [email protected]: +44 20 7518 6718
Tufton Oceanic (Middle East) - DubaiLevel 1, Gate Village 6, DIFCDubaiPhone: +971 4 702 6500Fax: +971 4 702 6501
Jonathan Hill
Email: [email protected]: +971 4 702 6504
Marcus Machin Email:[email protected]: +971 4 702 6503
Tufton Oceanic - SingaporeMario LusianEmail: [email protected]: +65 6438 6105Web: www.tuftonoceanic.com
Page 9
Important Notice
Tufton Oceanic (Middle East) is regulated by the Dubai Financial Services Authority. Tufton Oceanic Limited is regulated by the Financial Services Authority. Tufton Oceanic (Isle of Man) Limited is licensed by the Isle of Man Financial Supervision Commission to conduct Investment Business.
Tufton Oceanic (Middle East) issues this presentation, on a confidential basis, for the sole purpose of providing information about its ship finance and leasing activities. This presentation should not be distributed, published or reproduced in whole or in part, nor should its content be disclosed by the recipients to any other person.
Prospective clients must rely on their own examination of the legal, taxation, financial and other consequences of any transaction with the finance lease fund, including the merits of the transaction and the risks involved. Prospective clients should not treat the contents of this presentation as advice relating to legal, taxation or investment matters and are advised to consult their own professional advisors concerning their involvement with the fund.
The views expressed are solely those of Tufton Oceanic (Middle East). Whilst this presentation has been prepared in good faith, Tufton Oceanic (Middle East) makes no warranty or representation (express or implied) and accepts no responsibility or liability for the accuracy of any opinions, forecasts or the material presented which have not been independently verified. Any liability is expressly disclaimed.
