Upload
erik-stewart
View
220
Download
2
Tags:
Embed Size (px)
Citation preview
What is in store for The World
Merchant Fleet in 2012?
May 2012
World Fleet Statistics
11 May 2011
Active Merchant Fleet: as at MAY 2ND 2012
BULKERS – 624 MIL DWT (8,256 SHIPS)(>20,000DWT)
TANKERS – 461 MIL DWT (4,335 SHIPS)(>25,000DWT)
CONTAINERS – 15.7 MIL TEU (5,016 SHIPS)
GAS CARRIERS – 72.4 MIL CBM (1,590 SHIPS)
Athens Istanbul
19,197 Ships
World Fleet Statistics
11 May 2011
Current NewBuilding Orderbook:
BULKERS – 171 MIL DWT (2,063 SHIPS)(>20,000DWT)
TANKERS – 69 MIL DWT (530 SHIPS)(>25,000DWT)
CONTAINERS – 3.9 MIL TEU (570 SHIPS)
GAS CARRIERS – 13.7 MIL CBM (181 SHIPS)
Athens Istanbul
3,344 Ships
World Fleet Statistics
11 May 2011
Dry Bulkers Orderbook:
Athens Istanbul
Ship type Active Ships Ships on Order % of Active
VLOC 275 140 51%
CAPES 1,093 162 15%
POST PMAX 411 134 33%
PANAMAX 1,803 655 36%
SUPRAMAX 1,580 376 24%
HANDYMAX 794 88 11%
HANDIES 2,300 508 22%
World Fleet Statistics
11 May 2011
Dry Bulkers Orderbook 2012-2015:
Athens Istanbul
VLO
C
CA
PE
S
PO
ST
PM
AX
PA
NA
MA
X
SU
PR
AM
AX
HA
ND
YM
AX
HA
ND
IES
0
40
80
120
160
200
69
188
40
134
87
36
70 2015201420132012Active Fleet
MIL
LIO
N D
WT
World Fleet Statistics
11 May 2011
Dry Bulker Fleet Breakdown:
Athens Istanbul
-
200
400
600
800
1,000
1,200
1,400
1,600
1,800
<197
019
7019
7119
7219
7319
7419
7519
7619
7719
7819
7919
8019
8119
8219
8319
8419
8519
8619
8719
8819
8919
9019
9119
9219
9319
9419
9519
9619
9719
9819
9920
0020
0120
0220
0320
0420
0520
0620
0720
0820
0920
1020
1120
1220
1320
1420
1520
16
No.
Ves
sels
On Order In Service
4.7% of Active Fleet is over 30 years old
World Fleet Statistics
11 May 2011
Tankers Orderbook:
Athens Istanbul
Ship type Active Ships Ships on Order % of Active
ULCC 31 36 116%
VLCC 560 67 12%
SUEZMAX 447 104 23%
AFRAMAX 898 61 7%
LR1 TANKERS 432 42 10%
MR TANKERS 1,967 220 11%
World Fleet Statistics
11 May 2011
Tankers Orderbook 2012-2015:
Athens Istanbul
ULC
C
VLC
C
SU
EZ
MA
X
AF
RA
MA
X
LR
TA
NK
ER
S
MR
TA
NK
ER
S
020406080
100120140160180200
10
170
69
96
31
84 2015201420132012Active Fleet
MIL
LIO
N D
WT
World Fleet Statistics
11 May 2011
Tanker Fleet Breakdown:
Athens Istanbul
-
50
100
150
200
250
300
350
400
450
<197
019
7019
7119
7219
7319
7419
7519
7619
7719
7819
7919
8019
8119
8219
8319
8419
8519
8619
8719
8819
8919
9019
9119
9219
9319
9419
9519
9619
9719
9819
9920
0020
0120
0220
0320
0420
0520
0620
0720
0820
0920
1020
1120
1220
1320
1420
1520
16
No.
Ves
sels
On Order In Service
0.9% of Active Fleet is over 30 years old
World Fleet Statistics
11 May 2011
Containership Orderbook:
Athens Istanbul
Ship type Active Ships Ships on Order % of Active
ULCV 8 29 363%
SUPER P. PMAX 130 116 89%
POST PANAMAX 758 135 18%
PANAMAX 1,044 150 14%
SUB PANAMAX 690 33 5%
FEEDERS 2,386 107 4%
World Fleet Statistics
11 May 2011
Containership Orderbook 2012-2015:
Athens Istanbul
ULC
V
SP
P
P.P
MA
X
Pan
am
ax
Su
b P
an
...
Feed
er
-
1,250
2,500
3,750
5,000
124
1,633
5,377
4,342
1,756
2,482
2014201320122011Active Fleet
,000
TEU
World Fleet Statistics
11 May 2011
Containership Fleet Breakdown:
Athens Istanbul
-
50
100
150
200
250
300
350
400
450
500
<197
019
7019
7119
7219
7319
7419
7519
7619
7719
7819
7919
8019
8119
8219
8319
8419
8519
8619
8719
8819
8919
9019
9119
9219
9319
9419
9519
9619
9719
9819
9920
0020
0120
0220
0320
0420
0520
0620
0720
0820
0920
1020
1120
1220
1320
1420
1520
16
No.
Ves
sels
On Order In Service
2.7% of Active Fleet is over 30 years old
World Fleet Statistics
11 May 2011
NewBuilding Deliveries 2012:
BULKERS –1,664 SHIPS (141mil DWT)(>25,000DWT)
TANKERS – 323 SHIPS (44mil DWT)(>25,000DWT)
CONTAINERS – 284 SHIPS (1.5mil TEU)
GAS CARRIERS – 66 SHIPS (0.9mil CBM)
Athens Istanbul
2,337 ships6 ships/day
World Fleet Statistics
11 May 2011
Newbuilding Deliveries 2010-2013:
Athens Istanbul
Ship type 2010 2011 2012scheduled
2013scheduled
BULKERS 925 1,125 1,664 647
TANKERS 337 297 323 212
CONTAINERS 261 194 284 256
GAS 88 70 66 58
TOTALS 1,611 1,686 2,337 1,173
SHIPS/DAY 4.4 4.6 6.4 3.2
World Fleet Statistics
11 May 2011
Dry Bulker Deliveries 2011-2012
Athens Istanbul
39
175
127
194
328
11
251
98157
127
486
360
60
376
0
100
200
300
400
500
600
No.
Ves
sels
2011 2012
10
52 44
59
26
106
12
52
68
56
22
113
-
20
40
60
80
100
120
ULCC VLCC Suezmax Aframax LR1 MR
No.
Ves
sels
2011 2012
World Fleet Statistics
11 May 2011
Tanker Deliveries 2011-2012
Athens Istanbul
-
46
59
26
11
52
3
5647
80
10
88
- 10 20 30 40 50 60 70 80 90
100
ULCV SuperP.Pmax
PostPanamax
Panamax SubPanamax
Feeders
No.
Ves
sels
2011 2012
World Fleet Statistics
11 May 2011
Containership Deliveries 2011-2012
Athens Istanbul
48
3 15
11
2
59
1 1 1 2 20
10
20
30
40
50
60
70
SGC MGC LGC Small Standard VLGC
LPG LNG
No.
Ves
sels
2011 2012
World Fleet Statistics
11 May 2011
Gas Carrier Deliveries 2011-2012
Athens Istanbul
Newbuilding Orders
11 May 2011
Newbuilding Orders placed 2010-2012
Athens Istanbul
050
100150200250300350400450500
JAN
UARY
FEBR
UARY
MAR
CH
APRI
L
MAY
JUN
E
JULY
AUGU
ST
SEPT
EMBE
R
OCT
OBER
NOVE
MBE
R
DECE
MBE
R
JAN
UARY
FEBR
UARY
MAR
CH
APRI
L
MAY
JUN
E
JULY
AUGU
ST
SEPT
EMBE
R
OCT
OBER
NOVE
MBE
R
DECE
MBE
R
JAN
UARY
FEBR
UARY
MAR
CH
APRI
L
2010 2011 2012
No.
Ves
sels
Container Gas Carrier Tanker Dry Bulker
Newbuilding Orders
11 May 2011
Dry Bulk Orderbook by Country of Built
Athens Istanbul
16 170
91
310
79
38 49 51
157
81
0
146
77 73 83
384
199
86
234
VLOC Capesize Post Panamax Panamax Supramax Handymax Handysize0
50
100
150
200
250
300
350
400
450
No.
Ves
sels
S.KOREA JAPAN CHINA
Newbuilding Orders
11 May 2011
Tanker Orderbook by Country of Built
Athens Istanbul
12
30
53
35
16
127
07 3 6 2
1623
29 32
6 9
43
ULCC VLCC Suezmax Aframax LR1 MR0
20
40
60
80
100
120
140
No.
Ves
sels
S.KOREA JAPAN CHINA
Newbuilding Orders
11 May 2011
Container Orderbook by Country of Built
Athens Istanbul
29
87
73
43
616
00 08
0 1 0 20
27 31
86
19
49
16
ULCV SPP Post Panamax Panamax Sub Panamax Feedermax Feeder0
20
40
60
80
100
120
140
160
No.
Ves
sels
S.KOREA JAPAN CHINA
Demolition Market
11 May 2011
Demolition Activity Key Statistics
Athens Istanbul
44.3mil tons removed in 2011 (1,507 ships) 31.5mil tons removed in 2010 (1,309 ships)
Already 24.2mil tons in 2012 (projected >55mil)
Scrapping dwt is ~2-3% of total active dwt Turkey in 2011 received 299 ships (~142k of
LDT) while we have already seen 47 vessels in 2012
As Turkey remains the obvious choice for Med/ Black Sea region and prices firm we could see scrapping volume increase this
year
Demolition Market
11 May 2011
Demolition Activity 2011-2012
Athens Istanbul
Ship type 2011 ships 2011 dwt in mil
2012 ships 2012 dwt in mil
BULKERS 432 25.0 216 13.3
TANKERS 231 11.8 75 6.1
CONTAINERS 54 1.2 61 1.9
GAS 25 0.5 9 0.1
ALL OTHER 765 5.8 164 2.8
TOTALS 1,507 44.3 525 24.2
41%14%
12%2%
31%
BC TANKER CONT GAS ALL OTHER
29%
15%3% 2%
51%
BC TANKER CONT GAS ALL OTHER
Demolition Market
11 May 2011
Demolition Activity 2011-2012
Athens Istanbul
No. of Ships Scrapped 2011 No. of Ships Scrapped 2012
Demolition Market
11 May 2011
Demolition Activity per Region 2012
Athens Istanbul
40%7% 12%
18%
9%14%
INDIA
PAKISTAN
BANGLADESH
CHINA
TURKEY
UNKNOWN
Number of Ships Scrapped
Demolition Market
11 May 2011
Demolition Activity per Region 2012
Athens Istanbul
Total DWT Scrapped
33%
16%17%
18%4%12%
INDIA
PAKISTAN
BANGLADESH
CHINA
TURKEY
UNKNOWN
Demolition Market
11 May 2011
Demolition potential
Athens Istanbul
2010 average age of scrapping was 31 years
2011 average age of scrapping is 32 years 2012 average age of scrapping is 28 years
No. Vessels over 30 years old 385 Dry Bulkers > 20,000DWT (4.7%)
39 Tankers > 25,000DWT (0.9%) 134 Containers (2.7%)
234 Gas Carriers (14.7%)
33%
29%6%
8%
24%
DRY BULKER TANKERGAS TANKER CONTAINEROTHER
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
38%
30%
4%12%
16%
DRY BULKER TANKERGAS TANKER CONTAINEROTHER
No. of Ships Sold 2011 No. of Ships Sold 2012
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
6,427 7,140
2,818 2,459 2,165
21,009
1,965 1,376 280 450 270
4,341
0
5,000
10,000
15,000
20,000
25,000
USD
mill
2011 2012
Total Capital Outlay
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
No. of Dry Bulkers Sold
0
10
20
30
40
50
60
No.
Ves
sels
2011 2012
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
No. of Tankers Sold
05
101520253035404550
No.
Ves
sels
2011 2012
02468
1012141618
No.
Ves
sels
2011 2012
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
No. of Containerships Sold
02468
101214161820
No.
Ves
sels
2011 2012
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
No. of Gas Carriers Sold
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2011
VLOC
Capesize
Post Panamax
Panamax
Supramax
Handymax
Handysize
Mini Bulk
Dry Bulk Sales - Breakdown by Size
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
Tanker Sales - Breakdown by Size
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2011
VLCC
Suezmax
Aframax
LR1
MR
Prod/Chem
SnP Market
11 May 2011
SnP Activity by Vessel Type 2011-2012
Athens Istanbul
Containership Sales - Breakdown by Size
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2012 2011
SPP
Post Panamax
Panamax
Sub Panamax
Feedermax
Feeder
2%
98%
TURKEY ALL OTHER
Of a Total of 1,157 Sales
SnP Market
11 May 2011
SnP Activity by Turkish buyers in 2011
Athens Istanbul
By number of Vessels Purchased
NATIONALITY NO. VESSELS1 GREECE 2032 CHINA 533 INDONESIA 534 SINGAPORE 295 GERMANY 266 TURKEY 24
SnP Market
11 May 2011
SnP Activity by Turkish buyers in 2011
Athens Istanbul
By total Investment Value
NATIONALITY MILL USD1 GREECE 4,3942 INDONESIA 9823 CHINA 5814 SINGAPORE 4405 GERMANY 3476 TURKEY 224
1%
99%
TURKEY ALL OTHER
Of a Total of $ 21.0 bn Invested
40
For any further queries please do not hesitate to contact our Research & Valuations Department.
The information contained in this report has been obtained from various sources, as reported in the market. Intermodal Shipbrokers Co. believes such information to be factual and reliable without making guarantees regarding its accuracy or completeness. Whilst every care has been taken in the production of the above review, no liability can be accepted for any loss or damage incurred in any way whatsoever by any person who may seek to rely on the information and views contained in this material. This report is being produced for the internal use of the intended recipients only and no re-producing is allowed, without the prior written authorization of Intermodal Shipbrokers Co.
Compiled by: Intermodal Research Department | Mr. George Lazaridis | E-mail: [email protected]
On behalf of: Intermodal Sale & Purchase, Newbuilding and Chartering Departments
Athens - Mr. K. Dermatis, Mr. D. Evdemon, Mr. J. Cotzias, Mr. A. Poulopoulos, Mr. T. Ntalakos, Ms. N. Anomitri, Mr. G. Bassakos, Mr. T. Papadopoulos,
Mr. Y. Olziersky, Mr. L. Mystriotis, Mr. P. Tsilingiris, Mr. P. Makrinos, Mr. N. Papantonopoulos, Mr. S. Stavropoulos| E-mail: [email protected]
Shanghai - Mr. G. Dermatis, Mr. G. Eliades, Ms. J. Cao, Mr. S. Ding, Mr. D. Zang | [email protected]
Thank youTeşekkür Ederim