Shipping Statistics and Market Review
Transcription
Shipping Statistics and Market Review
48 th year of 6 publication Shipping Statistics and Market Review FOCUS 2004 World merchant fleet Tanker fleet World merchant fleet by ownership patterns Bulk fleet General cargo and container shipping Coverage Market Analysis Market Review Statistical Topics Cruise fleet World shipbuilding Maritime casualties World port development Major shipping countries and seaborne market developments Institute of Shipping Economics and Logistics ISL Shipping Statistics and Market Review ( SSMR ) Volume 48 (2004) Mrs. Heideloff (Editor) published 9 times per year (double issues Jan./Feb., Aug./Sep. and Oct/Nov.) ISSN 0947 - 0220 Copyright - Institute of Shipping Economics and Logistics (ISL), Bremen All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, photocopying, recording or otherwise, without prior permission of the editors. ISL does not guarantee the accuracy of the information contained in "ISL Shipping Statistics and Market Review (SSMR)" nor does it accept responsibility for errors or omissions or their consequences. Editors: Prof. Dr. Manfred Zachcial Christel Heideloff Editorial Assistant: Dieter Stockmann Research Staff: Fleet Data Base: Reinhard Monden Port Data Base: Christel Heideloff, Dieter Stockmann Published and distributed by ISL Universitätsallee GW1, Block A 28359 Bremen, Fed. Rep. of Germany Printed by Druckservice Wümme Subscription department: Phone: Fax: E-Mail: Internet: + 49-421 22096-38 + 49-421 22096-55 [email protected] http://www.isl.org ISL Publications and Databases Subscription: SSMR rates 2004 Printed Version € 330.Single issue € 54.- ! Publication series with emphasis on current topics ! Statistical market data for the maritime economy ! 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Brief information Investigations about literature and facts Special customer profiles Provision of photocopies Enquiries Enquiries by Phone +49 421-22 096-44/46 Hours of Business Mo Th 9:00 - 16:30 CET Fr 9:00 - 14:30 CET No 6 June 2004 Shipping Statistics and Market Review (SSMR) FOCUS GENERAL CARGO AND CONTAINER SHIPPING Coverage Market Analysis ISL Seabase Market Review Statistical Topics Institute of Shipping Economics and Logistics Statistical topics in detail ISL I THE SHIPPING MARKET Page 1.1 TONNAGE LAID-UP 29 - 31 8 By Month 2003 and 2004 8 By Year of Build and Ship Type 8 By Major Flags and Ship Type 8 By Country Groups of Registration and Ship Type 8 Reported Monthly Tonnage Reduction and Addition by Ship Type 1.2 TONNAGE BROKEN-UP 32 - 33 8 By Month 2003 and 2004 8 By Year of Build and Ship Type 8 By Major Flags and Ship Type 8 By Country Groups of Registration and Ship Type 1.3 SPECIAL FLEETS - GENERAL CARGO AND CONTAINER SHIPS 8 Total General Cargo Fleet 8 Fleet Development by Ship Type 8 Total General Cargo Fleet by Ship Type and Registered Flags According to Regions 8 Total General Cargo Fleet by Ship Type and Countries of Domicile According to Regions 8 Total General Cargo Fleet by Ship Type and Top Ten Countries of Domicile 8 Total General Cargo Fleet by Registered Flags According to Country Groups and Division of Age 8 Total General Cargo Fleet by Countries of Domicile According to Country Groups and Division of Age 8 General Cargo Single-Deck Fleet 8 By Major Flags 8 By Size Class and Division of Age 8 General Cargo Multi-Deck Fleet 8 By Major Flags 8 By Size Class and Division of Age 8 Fleet of Special General Cargo Ships 8 By Major Flags 34 - 50 8 By Size Class and Division of Age 8 General Cargo Reefer Ships 8 By Major Flags 8 By Size Class and Division of Age 8 Ro-Ro Cargo Fleet 8 By Major Flags 8 By Size Class and Division of Age 8 Fully Cellular Container Fleet 8 Fleet Development 8 By Size Class and Division of Age 8 By Registered Flags and Countries of Domicile According to Country Groups 8 By Registered Flags and Countries of Domicile According to Regions 8 By Major Flags 8 By Size Class and Division of TEU-Capacity 8 By Country Groups and Division of TEU-Capacity 8 Top 15 Container Operators 8 The Global Players 2 FREIGHT MARKET 51 - 57 8 Hamburg Index of Container Ship Charter Rates 8 German Sea Freight Indices 8 Lloyd's Shipping Economist Tramp Trip Charter Indices 8 Maritime Research Freight Indices II SHIPBUILDING 1 WORLD SHIPBUILDING 58-59 8 Number of Contracts by Ship Type March 2003 - Junel 2004 8 Existing Container Fleet by Yard of Build According to Year of Build and TEU Size Class 2 SHIP TYPE SURVEY 60 - 63 8 General Cargo Ships on Order 8 Fully Cellular Container Ships on Order III PORTS AND SEA CANALS 1 PORT SURVEYS 64 - 71 8 World Container Port Traffic by Country 8 Total Container Traffic of Selected Ports by Region 8 Regional Spreading of Container Traffic of Selected Ports 8 Container Services on Major Trade Routes and Service Frequency 2 SEA CANALS 72 - 74 8 Monthly Shipping and Goods Traffic Overview 8 Kiel Canal DEFINITIONS OF STATISTICAL CONTENT 75 FIGURES I- 1 I- 2 I- 3 I- 4 I- 5 II- 1 2 General Cargo Ships - Fleet Development General Cargo Fleet - Annual Tonnage Changes General Cargo Fleet - Age Structure by Year of Build Container Ships - Age Structure by Size Class Container Ships - by Registered Flags and Countries of Domicile According to Regions Container and General Cargo Fleet - Orderbook as of January 1st, 1994 - 2003 Page 38 38 38 47 47 47 59 III- 1 III- 2 III- 3 III- 4 III- 5 III- 6 III- 7 Container Traffic at Major American Ports by Region Container Traffic at Major Asian Ports by Region Container Traffic at Major European Ports by Region Regional Spreading of Major American Ports by Region Regional Spreading of Major Asian Ports by Region Regional Spreading of Major European Ports by Region Kiel Canal - Transit and Sectional Goods Traffic 1993 - 2003 SSMR June 2004 Page 66 67 68 69 70 71 73 ISL Market Analysis 2004 CONTAINER AND GENERAL CARGO FLEET DEVELOPMENT, SUPPLY/DEMAND PATTERNS AND WORLD CONTAINER PORT DEVELOPMENT As of January 1st, 2004, the fully cellular container fleet stood at 3,036 ships with 90.2 mill dwt equal to 6.4 mill TEU total and the general cargo fleet comprised 16,487 ships with 95.2 mill dwt equal to 1.9 mill TEU. Together these fleet segments had, in terms of dwt tonnage, a share of 22.1 per cent of the total world merchant fleet (ships of 300 gt and over). The world merchant fleet had a total capacity of 8.6 mill TEU, whereby at the beginning of 2004, 74.7 per cent of this capacity was attributable to the fully cellular container THE WORLD CONTAINER FLEET pages 43-48 Tonnage supply 2004 In the period of 2000-2004, the TEU-capacity of the world container fleet grew per year on average by 10.6 per cent, whereas the number of the container vessels rose by 5.6 per cent and the deadweight tonnage by 9.3 per cent. During the year 2003, the fully cellular container fleet grew by “just” 8.6 per cent (based on TEU). Compared with 1994, the fully cellular container fleet has more than doubled its TEU capacity (+ 215 %), whereby the disproportionate increase of the TEU capacity indicates the trend towards larger container ships. fleet compared with TEU/shares of 48.8 per cent in 1989 and 67.6 per cent in 2000. Besides supply and demand patterns the ISL market analysis presents assumptions on future containerised trade developments and includes information on container traffic for the leading world ports. Included in the SSMR issue is an extract of a new information service - the “ISL Monthly Container Port Monitor” (compare pages in the middle of this issue). TEU in 1995. The post-Panamax fleet accounts for 286 vessels with a share of 25 per cent of the total TEU capacity. During 2003, 172 container ships were added to the fleet with a capacity of 7.2 mill dwt and 0.57 mill TEU respectively. Compared with previous years these new entries had an extremely high average capacity, namely 3,320 TEU. 26 fully cellular ships were in sizes of 6,000 TEU and above (compared with 25 ships during 2002 and 9 ships during 2000). Fig. 2: Container fleet additions and reductions during 1993 – 2003 (in mill dwt)1 Fig. 1: Container fleet development as of January 1st, 1986 – 2004 (Index 1986 = 100) ISL 2004 ISL 2004 In the period of 1999-2003, 850 container ships with 32.4 mill dwt and 2.5 mill TEU were added to the trading fleet. In the same period only 176 container ships with 3.5 mill dwt were reported as broken-up. The average ship size continued to increase during 2003 and stood at 2,126 TEU at the beginning of 2004 compared to 1,782 TEU in 2000 and 1,503 Ships added to the world container fleet during 2003 represent 5.7 per cent of all fully cellular container ships, 7.9 per cent of the deadweight tonnage and 8.8 per cent of the TEU-capacity of the active container fleet at the beginning of 2004. 1 Additions - newbuildings entering the fleet refer to the fleet data of the following year. Reductions - broken-up tonnage refers to the fleet data of the respective year SSMR June 2004 3 Container and general cargo fleet, supply/demand, ports Tab. 1: Key figures on world fully cellular container fleet 2004/2003 Size class No of 1,000 1,000 (TEU) ships TEU dwt dwt-% change over prev period TOTAL FLEET (JANUARY 1st, 2004) 15 ... 28 868 483 7625 902 1271 19312 508 1256 18223 270 931 12816 234 1026 13929 130 717 8729 80 517 6529 29 224 3022 unknown 999 1000 - 1999 2000 - 2999 3000 - 3999 4000 - 4999 5000 - 5999 6000 - 6999 > = 7000 -87.4 0.8 2.8 5.1 5.7 9.7 12.3 32.1 31.8 No of ships 3036 6424 90214 7.7 588 Total prev. year 2905 5893 83744 10.0 316 unknown 999 1999 2999 3999 4999 5999 6999 7000 Total Total prev. year ADDITION TO FLEET DURING 2003 1 ... 3 900.0 28 20 244 -21.6 27 35 463 -42.5 38 96 1317 -3.6 11 35 450 29.2 24 104 1260 -41.1 17 95 1156 -0.1 19 123 1536 -9.9 7 60 725 77.4 1 26 15 7 - 172 207 49 42 568 634 7155 8240 -13.2 32.4 TEU TOTAL ORDER 14 55 63 103 36 95 74 29 119 Total 1000 2000 3000 4000 5000 6000 >= 1,000 dwt-% change over dwt prev period 1,000 BOOK (JANUARY 1st, 2004) ... 151 ... 44 570 87.1 91 1181 44.9 264 3512 70.6 118 1600 112.3 417 5299 89.3 396 4937 118.6 190 2296 20.4 967 11802 301.9 2487 31348 120.1 1109 14244 -14.4 BROKEN-UP DURING 2003 58 14 292 20 363 18 298 110 52 953 908 49.4 -1.2 ... 4.9 87.3 Ships of 300 gt and over ISL based on LR/Fairplay The large amount of new ships entering the container fleet throughout the last years is decisive for the age profile. Container ships are much younger than any other ship type within the world merchant fleet. At the beginning of 2004, their average age stood at 10.5 years. 27.5 per cent of all container ships were attributable to building years in the period of 19992003 and 26.4 per cent were built before 1989. The latter age class represent, in terms of tonnage, only 20.6 per cent of the total container fleet which is equal to a TEU share of 17.9 per cent. Thus, the scrapping potential in the container shipping market is limited. Based on the average age of broken-up tonnage for the year 2003, which stood at nearly 26 years, there are about 150 ships with 2.2 mill dwt equal to 0.12 mill TEU in this age category. per cent of the total TEU-capacity of the world cellular container fleet, were attributable to sizes above 4,000 TEU. Moreover 109 container ships with approx. 741,000 TEU were attributable to size categories of 6,000 TEU and over, other 148 ships in this size category stood in the order book of January 1st, 2004. Fig. 3: Container fleet development by TEU-size classes as of January 1st, 2000 – 2004 In the period of 2000-2004, the TEU-capacity of fully cellular container ships up to 999 TEU increased on average by 2.6 per cent, whereas the size classes 1,000-1,999 TEU and 2,000-3,999 TEU grew by 4.0 per cent and 6.1 per cent respectively. A record high was realised by ships in sizes above 4,000 TEU. Their TEU-capacity increased in the period 2000-2004 on average by 24.1 per cent yearly. Thus, looking at the size development of container ships there is, as in previous years, a marked tendency towards larger units. At the beginning of 2004, 473 fully cellular container ships, equal to a share of 38.7 4 SSMR June 2004 ISL 2004 Container and general cargo fleet, supply/demand, ports The largest container ships in service at the beginning of 2004 are four OOCL ships with a capacity of 8,063 TEU, like the “OOCL Shenzhen”2. Container fleet by ownership patterns and ship operators 2004 Tab. 2: Container fleet by national and foreign flag distribution as of January 1st,2000 – 2004 Year Pages 48; 70-72 At the beginning of 2004, the container tonnage (dwt) registered for OECD countries had a share of 30.8 per cent of the world fully cellular container fleet, whereas in 1991 their share stood at 44.3 per cent (ship of 1000 gt and over). Fig. 4: Container fleet development by country groups as of January 1st, 1994-2004 (ships of 1000 gt and over) 2000 2001 2002 2003 2004 National flags No mill dwt 989 26.8 1,001 27.9 1,001 29.3 987 30.1 965 30.8 Total foreign flag No mill dwt No 2,287 60.6 56.8 2,406 65.4 58.4 2,524 71.6 60.3 2,640 76.8 62.6 2,848 86.2 66.1 share dwt 55.7 57.4 59.0 60.8 64.3 ISL based on LR/Fairplay; ships of 1000 gt and over, excl. unknown At the beginning of 2004, the “country of domicile” analysis, including container ships of 1,000 gt and over, reflects that 64.3 per cent of the container tonnage was not registered in the country of domicile of the owner, but flagged-out. Whereby 76.8 per cent of the container tonnage, in terms of dwt, was attributable to OECD-countries (excl. unknown)3. Tab. 3: World container fleet (registered and controlled) by region as of January 1st, 2004 (1) dwt % share of world fleet 2004 (2) dwt %- change over prev year (3) Average yearly growth rate 2000 - 2004 (dwt) Controlled (1) (2) (3) Europe 56.9 19.5 14.1 of which EU 50.5 20.3 86.4 North America 5.0 5.6 4.4 Latin and South America 0.1 -66.1 -16.5 Asia and Oceania 33.5 3.7 3.9 Africa 0.1 -11.9 -30.4 Unknown 4.4 -42.8 10.5 ISL 2004 Over one third of the container TEU-tonnage belongs to the open registry flags Panama and Liberia. At the beginning of 2004, 583 container ships with 20.7 mill dwt and 1.5 mill TEU were registered in Panama which is equal 23.0 per cent of the total TEU capacity of the world fully cellular container fleet. Liberia ranks on the second place with 376 vessels having a capacity of 0.95 mill TEU representing 14.8 per cent of the total TEU capacity of the world fully cellular container fleet. At the beginning of 2004, the German registered fully cellular container fleet stood at 0.46 mill TEU (2003: 0.51 mill TEU) and is the third largest flag in world container fleet ranking. At the beginning of 2004, the top ten open registry flags registered 51.8 per cent of the world container tonnage (dwt). In the period of 2000-2004, they increased their registered tonnage volume in container shipping yearly on average by 13.1 per cent. 2 But 19 container ships (of the Maersk S-class serie) range as officially indicated by A.P. Möller between 6,418 and 7,226 TEU, whereas experts estimate their TEU-capacity up to 8,500 TEU. Total 100.0 7.7 Registered (1) (2) (3) 27.4 7.6 8.7 25.1 1.9 8.9 3.7 1.7 1.8 31.0 -1.7 10.7 23.5 0.7 4.5 14.5 -12.6 20.7 9.3 100.0 7.7 9.3 Ships of 1000 gt and over ISL based on LR/Fairplay There is a strong concentration on European and Asian shipowners. At the beginning of 2004, European shipowners controlled at least 3.7 mill TEU equal to 60.0 per cent of the total TEU capacity of the world container fleet. At the same time the share of Asian and Oceanian owners reached 34.5 per cent. In the period of 2000-2004, European and Asian container shipowners increased their fleets, measured in TEU, per year by 15.6 per cent and 5.1 per cent respectively. As far as container ship operators are concerned the container shipping industry has gone through a period of massive concentration which is not necessarily reflected in the above ownership analysis. Approx. 65 per cent of all fully cellular container ships and 75 per cent of the global TEU capacity is 3 SSMR June 2004 Based on the total world merchant fleet excluding ships where the country of domicile is unknown. 5 Container and general cargo fleet, supply/demand, ports controlled by only 15 operators. The largest is MaerskSealand, operating a capacity of 778.000 TEU equal to 13.0 per cent of the total world fleet capacity. Nine of the top 15 operators are with major parts of their fleets involved global alliances. As shown in Fig. 8, about 28 per cent of the total container capacity is employed in three alliances (CHKY alliance, Grand Alliance incl. Grand Americana and New World Alliance). Together with the big three “independent carriers”, namely Maersk-Sealand, MSC and Evergreen, these “Global Players” have a market share of 56 per cent on the total TEU-capacity in world container shipping. Fig. 5: TEU-capacity of top ranking containership operators as of February 2003 and 2004 are operating, thereof 94 vessels of the CHKY alliance with about 0.4 mill TEU. The largest container vessels are employed in the “Europe-Far East” trade with an average capacity of 5.290 TEU. In this trade MaerskSealand is involved with 39 carriers with (average capacity 6.018 TEU). Related to all relations, MaerskSealand employed by far the largest ship units (about 5.000 TEU). In the Transatlantic trade only two Global Players have major market shares with 38.9 per cent (Grand Americana) and 24.7 per cent (MaerskSealand). Tab. 4: Fully cellular container ships operators as of February, 2004 Operator Total No 1000 TEU MAERSK 250 MSC 165 EVERGREEN 140 PONL 126 HANJIN 76 APL 67 CMA-CGM 84 68 NYK COSCO 63 K-LINE 58 MOL 52 OOCL 39 HAPAG-LLOYD 41 CSCL 41 YANGMING 52 OTHERS/UNKNOWN 842 Total 2,164 In container shipping charter activities have a growing importance. According to MDS Transmodal 46.3 per cent of the world container fleet capacity4 of the 15 top ranking operators (based on TEU) is chartered in. For comparison, in 1998 only 28 per cent of their TEU capacity was attributable to charter tonnage. Especially German shipowners are the counterpart in the container charter market providing container operators with additional ships. Charter strategies of container operators differ significantly. Whereas COSCO has only a share of eight per cent of chartered in container ships the share for CSCL or Hanjin stood at over 70 per cent. Container fleet operations of the “Global Players“ concentrates on the Europe-Far East, Transatlantic and Transpacific trades. As far as ship operations are concerned the most important trading region is the Transpacific. In the trade between Far East and North America 312 container ships involved in 66 services 6 major % chartered av ship size in TEU No TEU 46.0 50.9 13.6 61.1 72.4 46.3 52.4 50.0 7.9 69.0 57.7 41.0 29.3 73.2 44.2 44.3 45.7 35.9 48.1 10.1 51.7 65.1 41.1 53.4 37.1 7.9 61.6 49.6 36.5 19.9 41.9 40.6 43.9 40.9 3,113 2,882 3,066 3,061 3,837 4,028 3,020 2,965 3,119 3,352 3,344 4,285 3,998 3,702 2,696 2,012 2,758 Note: excl. unknown operators; Ships of 1000 TEU and over ISL based MDS Transmodal 4 778.2 475.6 429.2 385.7 291.6 269.9 253.7 201.6 196.5 194.4 173.9 167.1 163.9 151.8 140.2 1,695 5,968 by APL includes NOL; CMA-CGM includes ANL-CL and Ybarra; Evergreen includes Hatsu Marine and Lloyd Triestino; Hanjin includes Senator; Maersk SeaLand includes Safmarine; NYK includes TSK; P&O Nedlloyd includes Farrell and P&O Swire; Evergreen includes Hatsu Marine and Lloyd Triestino. ISL based on MDS Transmodal Tab 5: The “Global Players” tonnage employed in container trades 2004 Europe Far East Transatlantic Transpacific Alliance / Operator No 1000 TEU No 1000 TEU No 1000 TEU Maersk Sealand CHKY Alliance Grand Alliance (Grand Amer.) New World Alliance MSC Evergreen 39 70 234.7 337.3 32 8 114.2 28.4 48 94 222.2 396.9 68 24 24 29 360.8 136.5 136.5 137.9 46 12 14 12 179.8 49.0 41.7 48.9 60 45 14 51 272.8 216.0 52.0 221.8 Total 254 1,343.7 124 461.8 312 1,381.8 Note: Figues includes Pendulum services;carrying capacities are counted in every trade; Europe incl. MED; Transatlantic incl. Gulf of Mexico; ships ISL based on MDS Transmodal Ships of 1,000 TEU and over. Figures are based on the MDS Transmodal Containership Databank as of February 2004 SSMR June 2004 Container and general cargo fleet, supply/demand, ports WORLD GENERAL CARGO FLEET pages 32-42 Fig. 6: General cargo fleet – additions and reductions 1993 – 2003 (in mill dwt) 5 Tonnage supply 2004 As of January 1st 2004, the world general cargo fleet consisted of 16,487 ships with 95.2 mill dwt and 1.9 mill TEU. In the period 2000 – 2004 the world general cargo fleet in terms of dwt decreased yearly by 1.2 per cent, whereas, in terms of TEU, the fleet increased by 1.6 per cent yearly. Tab. 6: General cargo fleet development as of January 1st, 2000 and 2004 2004 2000 Ship type Single deck Multi deck Special ships Reefer shps Ro/Ro cargo ships No 8634 5018 1321 1121 1134 dwt 40.8 35.3 7.4 9.4 7.2 No dwt 8663 42.9 4232 27.3 1173 6.8 1239 10.1 1180 8.2 Total 17228 100.1 16487 95.2 Ships of 300 gt and over; tonnage in mill. ISL based on LR/Fairplay Av. growth Average age (years) rate 00-'04 No dwt 2000 2004 0.1 1.2 19.8 21.3 -4.2 -6.2 23.2 26.2 -2.9 -2.2 17.8 19.8 2.5 1.8 18.1 19.7 1.0 3.4 18.1 19.6 -1.1 -1.2 20.5 22.2 Deployment of general cargo ships is related towards specific commodities and/or trades (short sea shipping). Their operating niches range between the liner industry and the market for smaller bulk carriers. The general cargo fleet is composed of various subtypes (Compare Table 6) having their own momentum in the market. General cargo single-deck ships increased their tonnage shares on the total general cargo fleet from 40.8 per cent in 2000 to 45.0 per cent at the beginning of 2004. In the same period, multi deckers dwt-share decreased from 35.3 per cent to 28.7 per cent in 2004. ISL 2004 At the beginning of 2004, general cargo ships had an average age of 22.2 years. Nearly 70 per cent of all general cargo ships, which equals to more than two thirds of the total deadweight tonnage, were already built before 1989, whereby the age profile for the various sub-types of the general cargo fleet differs. Overaging of the general cargo fleet is especially true for the multi-deck fleet. As of January 1st, 2004, multideckers had an average age of 26.2 years, besides cargo/passenger ships (average age 32.5) the oldest fleet segment. Thus, future scrapping activities in the field of general cargo shipping will largely be concentrated on this fleet segment. Fig. 7: General cargo fleet by ship type and division of age as of January 1st, 2004 (No of ships) During the period of 1999-2003, 1,898 general cargo ships with 18.2 mill dwt were reported to be broken-up, thereof 963 multi deckers with a tonnage of 11.5 mill dwt. During the same period 1,224. general cargo ships (newbuildings and other entries) with 11.2 mill dwt were added to the fleet. In terms of tonnage these new entries were attributable to single-deck ships (64.5 per cent), special ships (13.4 per cent) and ro-ro cargo ships (14.5 per cent). Single-deck ships grew steadily in number and tonnage throughout the last years. Looking at the year 2003, demolitions exceeded fleet additions (newbuildings and other entries) by 2.5 mill dwt. As a result, the general cargo fleet decreased, by – 1.6 per cent comparing tonnage figures as of January 1st, 2003 and 2004. ISL 2004 5 SSMR June 2004 see footnote 1 7 General cargo and container fleet, supply/demand, ports Tab. 7: Key figures on world general cargo fleet in 2004/2003 Multi-/Singledeck ships Size class (dwt) No of ships Special ships Reefer ships Ro-Ro cargo ships 1,000 No of 1,000 No of 1,000 No of 1,000 dwt ships dwt ships dwt ships dwt TOTAL GENERAL CARGO FLEET AS OF JANUARY 1st, 2004 - 4999 5000 - 9999 10000 - 19999 > = 20000 Total Total prev. Year 8783 2351 1158 603 12895 13061 18901 638 1030 555 1264 653 16228 153 1195 391 2803 279 16799 352 4992 227 2690 160 18256 96 2857 88 70184 1239 10075 1173 6758 1180 71715 1200 9829 1225 7073 1182 TOTAL ORDER BOOK AS OF JANUARY 1st, 2004 - 4999 5000 - 9999 10000 - 19999 > = 20000 Total Total prev. Year 110 104 60 35 309 281 363 753 741 1273 3129 2975 4 9 7 55 1 5 23 356 5 62 36 817 70 1237 6 67 33 446 8 78 ADDITION TO FLEET DURING 2003 - 4999 5000 - 9999 10000 - 19999 > = 20000 Total Total prev. Year 67 26 19 14 126 260 180 193 257 476 1106 2287 10 12 5 4 25 7 109 1 23 22 169 5 25 100 5 BROKEN-UP DURING 2003 - 4999 207 5000 - 9999 78 10000 - 19999 104 > = 20000 29 Total 418 Total prev. Year 289 Ships of 300 gt and over ISL based on LR/Fairplay; 478 567 1594 709 3348 3218 22 10 5 6 43 32 48 74 61 219 402 406 11 15 1 27 16 Total general cargo fleet No of ships dwt %1,000 change over prev. year dwt 1341 2031 2232 2567 8171 8137 10629 3174 1897 787 16487 16668 22536 22258 26713 23680 95187 96754 -0.8 -2.1 -3.0 -0.3 -1.6 6 12 22 13 53 61 9 93 305 285 693 869 120 124 110 84 438 383 381 906 1464 2375 5126 4367 -3.6 24.9 9.3 24.5 17.4 14 14 24 5 6 10 5 26 31 3 43 143 123 312 332 87 36 36 20 179 321 209 261 509 622 1601 2743 -6.1 -39.0 0.7 37.5 -41.6 28 119 11 157 114 18 6 4 2 30 12 44 45 64 53 206 158 258 109 114 37 518 349 598 805 1730 980 4114 3896 292.1 92.9 15.9 -21.2 5.6 Tab. 8: General cargo fleet by division of age and ship type as of January 1st, 2004 Ship type before 1984 No dwt Year of build 1984 - 1988 1989 - 1993 No dwt No dwt 1994 - 1998 No dwt 1999 - 2004 No dwt Single-deck ships Multi-deck ships Special ships Reefer ships Ro-Ro ships 4436 3097 539 603 644 17140 19504 2293 4195 4128 1059 651 236 238 134 6137 4427 1468 2542 1022 1110 291 241 122 111 4262 1839 1852 675 591 1314 144 108 129 132 8925 1063 742 1168 827 744 49 49 147 159 6394 493 402 1495 1603 8663 4232 1173 1239 1180 42858 27326 6758 10075 8171 20.9 25.5 19.1 19.6 19.4 Total 9319 47260 2318 15596 1875 9220 1827 12725 1148 10387 16487 95187 21.8 Total No dwt Average age Ships of 300 gt and over; tonnage in 1000 SISL based ISLon b LR/Fairplay d LR/F l Assuming that ships of the total general cargo fleet have an average age of approx. 29 years6 before they are scrapped, the demolition potential for the current general cargo fleet had at least a volume of about 14 mill dwt, thereof 6 mill dwt single and multi 6 Assumption based on ISL broken-up tonnage analysis for the year 2003. 8 deck ships each. This broken-up potential represents more than 15 per cent of the current fleet equal to about 4,300 ships The world general cargo fleet is largely composed of ships in smaller size classes. At the beginning of 2004, 10,629 ships were attributable to sizes up to 4,999 dwt. Figures on the world general cargo fleet, summarised in Table 7, indicate that only 4.8 per cent SSMR June 2004 Container and general cargo fleet, supply/demand, ports of all general cargo ships, equal to 24.9 per cent of the total general cargo tonnage, had sizes of 20,000 dwt and above. The order book shows a different size distribution. At the beginning of 2004, about 46 per cent of the total cargo tonnage on order were attributable to this size segment (+ 20,000 dwt). Ownership patterns 2004 pages 33-37 cargo fleet (ships of 1000 gt and over). The dominance of the Panamanian flag is given for single deckers as well as special cargo and reefer ships whereas at the beginning of 2004, the leading flags for ro-ro ships and multi-deckers were the US and the PR China respectively. Tab. 9: General cargo fleet by national and foreign flag distribution as of January 1st, 2004 As of January 1st, 2004, 38.3 mill dwt equal to 42.1 per cent of the total general cargo tonnage were registered for the top ten open registry flags7(ships of 1000 gt and over). Compared with last year`s tonnage figures, these ten flags decreased their tonnage by 4.8 per cent. Total Ship type Single-deck ships Multi-deck ships Special ships Reefer ships Ro-Ro cargo ships Fig. 8: General cargo fleet by major country groups as of January 1st, 2004 (ships of 1,000 gt and over) General cargo ships foreign flag share No mill dwt 4654 34.6 2711 22.3 840 9.4 912 6.1 766 7.3 9883 79.8 No 44.6 49.6 59.8 74.5 42.4 dwt 56.2 48.7 65.9 81.4 39.1 49.9 55.6 ISL based on LR/Fairplay; ships of 1000 gt and over, excl. unknown The ISL analysis according to country of domicile, including general cargo ships of 1,000 gt and over, showed that at the beginning of 2004, 55.6 per cent of the general cargo tonnage was not registered in the country of domicile of the owner, but flagged-out. OECD-countries control, in terms of dwt, at least 62 per cent of the world general cargo fleet8. Tab. 10: World general cargo fleet (registered and controlled) by region as of January 1st, 2004 (1) dwt % share of world fleet 2004 (2) dwt %- change over prev year (3) Average yearly growth rate 2000 - 2004 (dwt) ISL 2004 County Groups Within the period 2000 – 2004, the top ten open registry flags lost about 5.7 mill dwt (- 13.0 per cent ), in particular the new EU members Cyprus and Malta lost together 4.0 mill dwt in the mentioned period. These losses are broken-up tonnage as well as flag changes in equal shares. On the contrary, OECD countries’ registered flag shares on the world general cargo fleet (ships of 1000 gt and over) increased their tonnage throughout the period of 1991-2003 by 11.9 per cent (+2,1 mill dwt). As of January 1st, 2004, OECD countries’ share on the world general cargo fleet stood at 22.0 per cent compared with18.7 per cent in 2000. Panama is the leading register for general cargo ships. At the beginning of 2004, 1.547 general cargo ships with 13.4 mill dwt were registered in Panama which is equal to 14.7 per cent of the total general 7 Bahamas, Bermuda, Cyprus, Liberia, Panama, Malta, Saint Vincent, Marshall Islands, Vanuatu, Antigua & Barbuda and Cayman Islands Europe of which EU North America Latin and South America Asia and Oceania Africa Unknown Controlled (1) (2) (3) 45.4 -2.8 -2.5 27.0 -3.2 -2.5 4.4 -1.5 11.3 1.6 -2.1 -5.1 35.2 2.5 -1.4 1.1 -10.7 -10.8 12.4 -7.3 3.4 Total 100.0 Ships of 1000 gt and over ISL based on LR/Fairplay -1.6 Registered (1) (2) 25.1 -2.6 11.2 1.9 3.3 1.7 31.4 -1.7 34.9 0.7 5.3 -12.6 -1.2 100.0 -1.6 (3) -2.6 2.0 26.4 -1.8 0.2 -7.3 -1.2 The regional grouping of countries of domicile highlights that as of January 1st, 2004, at least 51.8 per cent of the world general cargo fleet (in terms of tonnage) was attributable to European shipowners and further 40.2 per cent was controlled by Asian and Oceanian shipping companies (total tonnage excluding ships of which the country of domicile is unknown). 8 SSMR June 2004 Based on the total world merchant fleet excluding ships where the country of domicile is unknown. 9 Container and general cargo fleet, supply/demand, ports SUPPLY / DEMAND PATTERNS IN CONTAINER AND GENERAL CARGO SHIPPING Pages 49-61 Global Insight - World trade outlook and world contaierised trade development up to 20069 Nowhere has the building momentum in the global recovery been more joyously received than among shipowners. Liner operators are making money, and they are euphoric about it. Box rates are increasing steadily, and the full ships have encouraged a sharp increase in the orderbook stretching deliveries out to 2007, despite rising new build prices. Since the bursting of the IT bubble in 2000, the world has had three years to adjust and absorb the resulting damage to the economy. Terrorist attacks, the Afghanistan and Iraq wars, escalating energy prices, and corporate accounting scandals have diverted economic resources, raised social costs, and reduced investors’ and consumers’ confidence and, therefore, slowed the economic recovery process. Continuing technology progress, population growth, and government monetary and fiscal stimulus have helped to keep the global recovery on track. Entering 2004, although the recovery has not yet played out, the economies of most major countries have returned to healthy conditions, with the structure and sustained strength to continue growing. Non-Japan Asia and the United States are taking the lead in this new round of economic expansion, followed by Australia, New Zealand, Canada, the United Kingdom, and then Japan. Even Germany has returned to positive growth, and the whole Eurozone has climbed out of recession. Other economies, whether they experienced a recession or maintained economic growth, are all boosted by the recovery of the world’s major economies. Global Insight’s latest forecast for the world as a whole is for real GDP in 2004 to increase by 4 per cent. World full-container traffic is predicted to reach 69.7 million TEUs in 2004, an increase of 6.4 per cent over last year. This is only a slightly slower growth than in 2003 (which was 6.8 per cent), but far superior to the meagre 1.1per cent growth in 2001. With economic growth strong in most importing regions, and with China exporting so much liner cargo, the drivers of this increase are clear. Its container exports are more than double those of the 9 The contribution is based on the World Trade Service published by Global Insight. Compare www.globalinsight.com 10 United States. Also, the growth of China's exports is projected to be one of the fastest in the world. The amazing dominance of China as an exporter of containerised cargo can be seen in table 11; China's exports in 2005 will be more than double its exports in 2000. Its average annual growth of 6 per cent will keep it in the top position throughout the forecast period. This year, China will gain another 5 per cent share of total container exports over 2003, an amazing feat. Tab. 11: Five Largest Container Exporting Nations (Thousands of TEUs) Export-Country China United-States Japan South-Korea Taiwan 2004 2005 av. yearly growth 2006 '04-'06 in % 15,339 17,086 18,681 6,915 7,174 7,423 4,173 4,337 4,501 2,913 3,065 3,225 2,799 2,909 3,026 10.4 3.6 3.9 5.2 4.0 Source: ISL 2004 based on Global Insight World Trade Service Fig. 9: China - Foreign container traffic by major trading areas 2003 and 2006 (based on TEU) ISL based on Global Insight; World Trade Service TEUs from Northeast Asia dominate the container flow picture worldwide, in terms of both volume and growth. Shipments from Northeast Asia to North America and North Europe will reach 13.5 million TEUs this year (2004), and will climb to 18.2 million in 2008. North America's container exports are dominated by flows to Northeast Asia (3.5 million SSMR June 2004 Container and general cargo fleet, supply/demand, ports TEUs), followed by Latin America and then North Europe. Atlantic and the Pacific will be the main container flows in the forecast. Here, it is clear again that Northeast Asia (mainly China) was the fastest growing export region for containerised cargo, at 15.1 per cent, and that this growth is expected to remain the fastest through the 2006 forecast, slipping to 7.4 per cent in the final year. By 2006, Northeast Asia's exports will top 30.1 million TEUs. Northbound flows, from Latin America to North America and to North Europe will grow steadily, reaching 3.3 million TEUs this year and climbing to 3.8 million in 2006. New free-trade agreements with Europe are part of the stimulus on this trade, with lower tariffs in the future for key Latin American exports, from refrigerated products to manufactured goods. Total exports from Northeast and Southeast Asia together will reach 33.7 million TEUs this year, up 9.7 per cent. Container exports from North America and North Europe will be roughly equal in 2004, at 8.4 million TEUs, with North America's growth at only 1.5 per cent and Europe's at 2.4 per cent. However, Europe's main export trading partner is North America, and North America's is Notheast Asia, clearly implying that westbound trade across the North Container trade between Asia and Europe will hit 9.8 million TEUs this year, with 2.3 times more TEUs moving westbound to Asia than in the reverse direction. This disparity in container volumes comes about this year because of the high growth (11.2 per cent) expected in westbound shipments, compared with only 4.2 per cent from Europe to Asia. Tab. 12: World seaborne container trade by region 2001-2003 and outlook 2006 (in TEU) Container trade in mill TEU 200120022002 2003 %-change %-change Country/-group 2001 2002 2003 (a) 2006 (b) Export World Total 57.9 61.3 65.5 77.1 5.9 6.8 of which Asia 28.2 30.8 34.2 42.6 9.5 11.0 8.9 10.7 13.3 18.7 19.9 23.9 of which China Europe 12.9 13.2 13.3 14.6 2.8 0.9 10.8 11.0 11.1 12.1 2.6 0.5 of which EU 15 America 12.5 12.7 13.2 14.6 1.9 3.9 6.7 6.6 6.8 7.4 -1.7 3.4 of which US Africa 2.0 2.2 2.3 2.6 7.2 5.6 Oceania 1.4 1.4 1.4 1.5 -2.7 -0.9 Others/unknown 0.9 1.0 1.0 1.2 4.2 6.8 Import World Total 57.9 61.3 65.5 77.1 5.9 6.8 of which Asia 21.8 22.9 24.1 28.2 5.1 5.3 3.7 4.3 5.0 6.6 16.4 14.7 of which China America 16.8 18.2 20.0 24.1 8.5 10.0 11.5 13.0 14.7 18.1 12.8 12.8 of which US Europe 13.8 14.6 15.7 18.8 5.9 8.0 11.7 12.5 13.6 16.4 6.4 8.6 of which EU 15 Africa 2.9 2.9 2.9 3.0 -0.8 -0.9 Oceania 1.2 1.3 1.4 1.6 6.7 4.9 Others/unknown 1.4 1.4 1.4 1.4 0.5 -3.1 (a): estimates as of May 17th 2004; (b): forecast as of May 17th 2004 Note: Excluding transshipment and domestic trade and excluding empty containers ISL based on Global Insight World Trade Service 2004 Global Insight assumes that the exceedingly high real economic growth in China will be managed into a soft-landing using the limited but potentially effective tools available to the Chinese government, such as slight modifications to the exchange rate. Global Insight expects eastbound flows this year to hit 15.3 million TEUs, most of it landing on the U.S. West Coast of course. But over time, there has been a shift av. annual growth % share of total trade '02-'06 '03-05 2002 2006 5.9 5.6 100.0 100.0 8.4 14.9 2.5 2.2 3.5 2.9 4.9 1.9 5.8 7.6 12.1 3.0 2.8 3.4 2.7 4.6 2.9 5.5 50.3 17.5 21.6 18.0 20.7 10.8 3.6 2.3 1.6 55.2 24.2 18.9 15.6 18.9 9.6 3.4 2.0 1.6 5.9 5.6 100.0 100.0 5.3 11.0 7.3 8.6 6.6 7.0 0.7 4.6 -0.1 5.3 9.8 37.4 7.1 29.6 21.2 23.8 20.4 4.7 2.2 2.3 36.5 8.5 31.3 23.4 24.4 21.2 3.9 2.0 1.8 7.2 6.1 6.5 1.2 4.5 0.9 to allwater services to the U.S. East Coast, with several major U.S. consumer firms setting up distribution operations along the East Coast. The ratio of eastbound to westbound TEUs in this trade will be 2.7 this year. However, under the assumptions of continued Chinese manufacturing growth and high-growth exports, this ratio grows to 4.6 by the end of the long-term forecast (2022). In SSMR June 2004 11 Container and general cargo fleet, supply/demand, ports that year, eastbound TEUs will amount to 27.8 million, implying that U.S. West Coast ports will have to expand considerably to handle the influx. Fig. 10: Monthly port container traffic 2000-2004 of US ports (TEU - Index 2000=100)12 For the transatlantic trades the total trade will be 2.9 million TEUs this year, with westbound (to United States) volumes about 1.6 times greater than eastbound volumes. While U.S. imports from Northern Europe will slow next year to 2.5 per cent, from this year's 3.6 per cent, partly in response to the weaker dollar, exports will grow faster than imports next year, also in response to the weaker dollar, which will help reduce the imbalance slightly. The reader is encouraged to view the transatlantic trade through the Global Trade Navigator, which permits the identification of individual European nation's trade with the United States, and which also has forecasts of Europe's trade with separate U.S. coastal ranges. 10 © ISL MCPM 2004 Fig. 11: Monthly port container traffic 2000-2004 of European ports (TEU- Index 2000=100)13 Monthly market indicators at a glance Cargo upturns in container trades are also reflected in traffic statistics of leading world container ports as well as container freight rates. The new ISL “Monthly Container Port Monitor” shows the dynamic development of world container traffic. Monthly TEU figures up to April 2004 increased dramatically in the majority of hub ports in Asia, Europe and America. Container charter rates monitored by ISL recovered increasingly during 2003, but reaching a record high during the first half of 2004. Compare also the “Freight Market” section in this issue. After a decrease in the second half of 2003 also the German overall index of liner trade freight rates up to May 2004, reflects freight rate increases especially in Asian and American trades11. From January to April 2004 the overall index increased by 7 percent. © ISL MCPM 2004 Fig. 12: Monthly port container traffic 2000-2004 of Asian ports (TEU- Index 2000=100)14 The weighted Charter Rate Index from Howe Robinson increased more than 76 per cent during the year 2003 and 38 per cent from the beginning of January to End of April 2004. The “Hamburg Index for Containership Time Charter Rates up to May 2004” showed ongoing rate improvements for the majority of size classes ranging from under 999 TEU up to 1999 TEU. 10 The contribution is based on the World Trade Service published by Global Insight. Compare www.globalinsight.com 11 Referring to the freight rates for seaborne trade to and from German North Sea ports as far as they are applicable to the conference regulated liner service. 12 © ISL MCPM 2004 12 US Pacific: Los Angeles, Long Beach, Oakland, Seattle; US Atlantic: New York, Port of Virginia, Savannah and Charleston 13 Northrange Ports: Rotterdam, Antwerp, Hamburg, and Bremen/Bremerhaven; Mediterranean: Gioia Tauro, Genoa, Valencia and Algeciras 14 Far East ports: Hong Kong, Busan, Kaohsiung and Nagoya; Near and Middle East ports: Dubai, Singapore and Laem Chabang SSMR June 2004 Container and general cargo fleet, supply/demand, ports Fig. 13: Monthly charter rate development selected size classes up to May 2004 for Fig. 15: Container fleet - quarterly development of new orders and broken-up tonnage 2000 – 2004 (in dwt) ISL based on Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V. Fig. 14: Monthly weighted charter rate index up to April 2004 ISL 2004 During 2003, 445 container vessels with a capacity of 1.9 mill TEU were contracted. This represents a new record high compared with previous years’ figures. At the beginning of 2004, the container ship order book (ships of 300 gt and over) stood at 588 ships with 31.3 mill dwt and 6.4 mill TEU. At least 86 container ships on order have capacities of 8,000 TEU and above. As in the previous years, the focus of the order activity has been on large ship units. In terms of tonnage, the order book of fully cellular container ships increased by 120 per cent compared with dwttonnage figures at the beginning of 2003. The order book represents a TEU-share of 43.1 per cent related to the existing container fleet (April 1st, 2004). Fig. 16: General cargo fleet - quarterly development of new orders and broken-up tonnage 2000 – 2004 (in dwt) ISL based on Howe Robinson Future tonnage supply in container and general cargo shipping Decisive for the deployment in general cargo and container shipping is moreover the development of future tonnage supply, namely the potential of demolitions and new orders. According to ISL findings, 49 container ships totalling 1.0 mill dwt were broken-up during 2003. In terms of tonnage, this is equal to an increase of 11 per cent compared with results in 2002. Scrap candidates in 2003 were mainly container ships in size ranges up to 999 TEU. Container ships were reported to be 25.5 years in service. The majority of these vessels were built in the seventies. The scrapping potential based on container fleet patterns as of January 1st, 2004 consists of 150 container ships with 0.12 mill TEU. ISL 2004 Whereas the future tonnage supply and thus the supply/demand balance will be determined by a large number of newbuildings, the situation is completely different in general cargo shipping. In 2003, 518 general cargo ships with a total of 4.1 mill dwt were sold to breakers, which represents, in terms of SSMR June 2004 13 Container and general cargo fleet, supply/demand, ports tonnage, an increase of 24.4 per cent compared with results in 2002. During 2003, 226 general cargo ships with 2.5 mill dwt were added to the order book (ships of 300 gt and over). Compared to the year 2002, this represents, in terms of dwt, an increase of about 13 per cent. The total order book as of January 1st, 2004 stood at 438 general cargo ships with 5.1 mill dwt. Compared with last year's results, this represents an increase of 17.4 per cent. Looking at recent developments ISL records indicate that up to April 2004, 120 general cargo ships with a tonnage volume of 0.7 mill dwt and only six container ships with 0.1 mill dwt were reported to be broken-up. During the first quarter of 2004, new orders amounted to 85 general cargo ships with 0.7 mill dwt and 116 fully cellular container ships with 0.5 mill TEU and 6.3 mill dwt respectively. THE SHIPBUILDING INDUSTRY Order activities for general cargo and fully cellular container ships are an indicator for the “market climate”. As already pointed out, for both market segments ordering of new tonnage developed positively. Fig. 17: Container ships– Quarterly order book and new orders 1998 - 2004 Fig. 18: General cargo ships– Quarterly order book and new orders 1998 - 2004 ISL 2004 As of January 1st, 2004, 58.0 per cent of the total general cargo tonnage, in terms of cgt, was attributable to Asian shipyards (January 1st, 2000: 48.7 per cent). Their cgt market share for container ships stood at 86.7 per cent. Far Eastern yards increased their order book container tonnage by over 200 per cent compared with figures at the beginning of 2000 which is equal to an average yearly growth of 32.1 per cent. The order book ranking by country of build is led by Japan for general cargo ships and by South Korea for containerships. The latter is especially dominating the market for larger container ship units. Tab. 13: Container ships on order by country of build and TEU size class as of January 1st, 2004 (in 1,000 cgt) ISL 2004 At the beginning of 2004, the order book reached a level of of 18.8 mill cgt for container ships and 5.8 mill cgt for general cargo ships. Compared with previous years' cgt figures, the order book for container ships strongly increased by 115 per cent, whereas the increase for general cargo ships stood at 23.7 per cent. The order book at the beginning of 2004 comprised 86 container ships in sizes of 8,000 TEU and above totalling 5.1 mill cgt. These ships have a cgt share of 27.3 per cent on the total container order book. 14 Country of build <2999 3000- 50004999 6999 > 7000 Total %-share of total Korea, Rep. of Japan China, PR of Germany, FR of Taiwan Poland Others 841 238 682 1,065 56 151 509 2,215 2,537 5,966 174 1,205 679 456 301 310 376 550 198 274 11,559 2,297 1,439 1,065 742 701 980 61.5 12.2 7.7 5.7 3.9 3.7 5.2 Total of which AWES 3,542 3,902 6,920 18,782 100.0 1,340 682 274 2,296 12.2 4,419 - Ships of 300 gt and over ISL based on LR/Fairplay The order book for AWES-yards stood at the beginning of 2004 at 1.9 mill cgt for container ships and 2.3 mill cgt for general cargo. AWES countries lost further market shares to Asian competitors. The cgt-shares for container ships fell from 17.7 per cent in 2000 to 12.2 per cent at the beginning of 2004, whereas market shares for general cargo ships climbed from 29.9 per cent (2000) to 32.9 per cent. SSMR June 2004 Container and general cargo fleet, supply/demand, ports Looking at the first quarter 2004, order activities for container ships continued on a high level. 116 new orders with 3.7 mill cgt were placed. As of April 1st, 2004, the order book for container vessels stood at 662 vessel with 21.5 mill cgt, an increase of over 14 per cent compared with figures for January 2004. The top Chinese mainland container ports (with out Hong Kong) grew on average by more than 30 per cent yearly. Their annual container traffic summed up to 13.4 mill TEU in 1999 and 36.4 mill TEU in 2003 respectively. Fig. 19: Major Chinese Container ports in 2003 (in 1000 TEU) At the beginning of April 2004, the order book for general stood at 460 vessels with 5.8 mill cgt, all about the same level as in January 2004. Pages 62-72 WORLD PORT CONTAINER TRAFFIC The following analysis is focussing on the regional development patterns of world container ports15. The total container traffic volume of the top container ports, with a container traffic of more than one mill TEU analysed here, reached 219.5 mill TEU in 2003 and increased by 13 per cent compared with results in 2002. Included in the 2003 analysis are 62 ports, of which 28 Asian ports, 17 European ports and 15 American ports. In 2003, approx. 63 per cent of the world container traffic, in terms of TEU, were attributable to Asian ports, whereby the top 8 Chinese ports alone represent 25.9 per cent of the total container traffic. Europe had a share of 20.2 per cent of the world container port traffic and America 15.4 per cent. Tab. 14: Fastest growing and declining container ports 2002/2003 Total TEU traffic annual % change 2001 2002 2003 2001/2002 2002/2003 Top growing ports Salalah Ningbo Shenzhen Tanjung Pelapas Shanghai Least growing ports La Spezia Long Beach Kobe Tanjung Priok London ISL 2004 Based on information from Chinese port officials, the port of Shenzhen, vis-à-vis to Hong Kong at the mouth of the Pearl River, is expected to become the biggest Chinese mainland port. The port reached a container traffic growth of nearly 40 per cent compared with 2002 and handled more than 10 mill TEU in 2003 - just half a million TEU less than Shanghai. The average annual growth rate from 1995 to 2003 of the port of Shenzhen is 37.4 per cent - the fastest growing Chinese port. As the following table shows, traffic figures for the first quarter of 2004 confirm this trend. 1.19 1.21 5.08 2.05 6.34 1.26 2.00 1.86 2.75 7.61 10.65 2.66 3.49 8.62 11.28 6.0 53.3 50.0 29.8 36.0 59.0 47.8 39.9 31.1 30.9 Tab. 15: Traffic of top Far Eastern container ports during the 1st quarter of 2003 and 2004 (in mill TEU, in %) 0.97 4.46 2.01 2.48 1.45 0.98 4.53 2.01 2.70 1.61 0.0 1.4 0.1 9.0 11.1 3.2 2.9 2.5 2.1 -3.6 1st q. 2003 4.69 4.25 2.54 2.42 2.10 1st q. 2004 4.97 4.84 2.61 3.10 2.79 5.8 13.8 2.9 27.7 33.0 1.01 4.66 2.06 2.76 1.56 Source: ISL Port Data Base 2004 © ISL Port Data Base 2004 15 ISL provides detailed information on container traffic development of major world container ports. Information is based on the ISL port data base and a special inquiry. Comments on the presented tables and completions of missing data and additional statistics will be much appreciated. A detailed description of the ISL port data base is included on the following pages. The 62 Ports presented in the statistical analysis represent, in terms of TEU, approx. two thirds of the total world container port traffic. Thus, figures are a basic indicator for maritime trade developments in 2002/2003. The monthly traffic figures are based on our new service, the ISL Monthly Container Port Monitor. See also: http://www.isl.org/products_services/ Port % change Hong Kong Singapore Busan Shanghai Shenzhen ISL Monthly Container Port Monitor 2004; figures in mill TEU In 2003, container traffic of the two top ranking world ports increased 6.8 per cent (Hong Kong) and 8.7 per cent (Singapore). The third ranking port, now Shanghai, grew by 30.9 per cent up to a traffic volume of 11.3 mill TEU in 2003. Hong Kong asserted its top position for the fifth year in succession. With container traffic volumes of 20.5 mill TEU and 18.4 mill TEU respectively. Hong Kong and Singapore are by far the largest container ports in the world. However, the smaller transhipment hubs in the region consistently increased traffic and thus their market shares. During the last year, e.g. Port Tanjung SSMR June 2004 15 Container and general cargo fleet, supply/demand, ports Pelapas (3.5 mill TEU, up 31.1 per cent) as well as Laem Chabang (3.2 mill TEU, up 19.7 per cent) were the most dynamic Far Eastern ports outside of China. Fig. 20: Quarterly container traffic of Hong Kong, Busan and Kaohsiung from January 1999 to March 2004 (in 1000 TEU) ports of Hamburg and Antwerp outperformed the other ports in the range. They achieved TEU increases of 14.2 per cent (Hamburg) and 13.3 per cent (Antwerp) respectively. Taken together, this represents an increase of 1.4 mill TEU, whereas Rotterdam alone gained only about 580,000 TEU. Fig. 21: Monthly container traffic of major North Range ports 1999-2004 (Quarterly averages of TEU - Index 2000=100) © ISL MCPM 2004 Hong Kong’s container traffic shows a relatively low increase compared with other regional ports. This results from competitive influences mainly of Chinese mainland ports. Japanese container ports, except Tokyo (increase of 14.9 per cent), show only moderate growth tendencies. The three top ranking Japanese ports, included in the ISL analysis, topped their last year’s result by almost 0.7 mill TEU, equal to an increase of 9.9 per cent compared with 2003. The major transhipment ports in the Near East are Dubai Ports, Khor Fakkan in the UAE, Salalah in Oman and Jeddah in Saudi Arabia. According to the Dubai Ports Authority, the increase mainly results from the increasing Chinese traffic. Dubai showed a container traffic growth of 22.8 per cent compared with 2002 reaching a total traffic volume of 5.15 mill TEU and Salalah, the port with the largest service gantries in the world, showed an enormous plus of 59 per cent now handling two mill TEU. All major container ports in the US, except Long Beach, showed substantial gains. This is true for Tacoma (plus 18.2 per cent, in 2003 1.74 mill TEU), Los Angeles (plus 17.6 per cent, 7.2 mill TEU in 2003), Savannah (plus 14.6 per cent, in 2003, 1.52 mill TEU), and the port of Virginia (plus 14.5 per cent 1.65 mill TEU in 2003). In 2003, Rotterdam, the top European container port, increased it’s traffic by 8.9 per cent. The port now is ranked on position 8 in the world container port league. The port once again lost market shares to Antwerp and Hamburg, which increased their combined market share considerably. Once again the 16 © ISL MCPM 2004 Container traffic of the top Mediterranean ports increased by 9.2 per cent. This growth is mainly determined by Algeciras, Piraeus and Barcelona, showing an increase of 15 per cent (Algeciras up to 2.6 mill TEU in 2003), 14.2 per cent (Piraeus up to 1.6 mill TEU in 2003) and 13.4 per cent (Barcelona up to 1.6 mill TEU in 2003). Competition between the large transhipment hubs is extremely strong. Fig. 22: Container traffic at major European ports by loading/unloading regions 2003 ISL 2004 The analysis of container port traffic by continent shows differences of ports with view to their trade relations. This is especially true for European North Sea ports and Far Eastern ports. SSMR June 2004 Container and general cargo fleet, supply/demand, ports Tab. 16: Average annual growth of selected container ports by geographical distribution 1998-2003 (in %) Port Unit Asia Hong Kong Busan Yokohama Keelung Kaohsiung Europe Rotterdam Hamburg Antwerp Bremenhaven Le Havre Genoa America Oakland Vancouver Montreal Houston Oceania Melbourne Sydney Ports Total traffic Africa America Asia Europe Oceania Total TEU TEU TEU TEU MT 9.7 7.3 17.7 4.9 4.5 2.0 9.7 11.8 15.6 -0.3 5.7 43.2 18.3 10.5 4.4 0.5 8.3 -1.3 -13.3 11.7 7.2 13.7 0.2 3.8 -3.0 6.6 12.9 23.2 16.8 6.8 16532 10247 5006 1448 28 TEU TEU TEU TEU TEU TEU 1.2 -2.1 6.2 11.1 12.0 -0.4 5.3 11.8 5.9 5.6 6.5 10.6 3.6 13.7 17.7 12.8 10.3 9.5 2.0 25.7 11.1 12.0 11.2 2.6 8.2 15.1 -3.6 0.0 16.2 25.6 3.3 13.1 10.8 9.7 9.5 6.8 7107 6140 5445 3190 1985 1606 TEU MT MT MT ... 18.9 5.8 4.8 11.6 1.9 -51.0 9.5 0.7 21.2 63.1 27.3 -3.3 5.6 1.8 -3.4 19.6 -58.9 0.0 -12.5 3.6 8.8 2.1 -3.1 1920 13 9 907 TEU TEU -0.2 2.8 3.0 10.5 2.8 1.7 6.7 26.2 5.4 8.8 1596 1423 5.9 4.0 Units in 1000, tonnage in mill. (a) Regional spreading of container traffic excludes empty containers, total traffic including empties stood at 20,350 mill TEU in 2003. © ISL Port Data Base 2004 Bremen and Antwerp have strong links to the Americas, Hamburg and Rotterdam are more related to Asia. But the traffic analysis underlines that ports gained ground in trades which are not their core domain. For example Bremen Ports and Antwerp show highest growth rates in Asian trades and Hamburg in American and intra-European trades. Rotterdam lost market shares of the European-wide traffic to Hamburg, Antwerp and Bremen/Bremerhaven. This is especially true for transhipment potentials related to the Baltic sea. Fig. 24: Monthly container traffic of major North American Pacific ports 1999-2004 (Quarterly averages of TEU - Index 2000=100) © ISL MCPM 2004 North American West coast ports have strong relationships to Far Eastern ports. Their traffic is to more than 90 per cent distributed to and from the Far East. This interrelation is underlined by the analysis of monthly container traffic of North American West coast ports. Fig. 25: Container traffic at major American ports by loading/unloading regions 2003 Fig. 23: Container traffic at major Asian ports by loading/unloading regions 2003 © ISL Port Data Base 2004 Christel Heideloff, Senior Economist/Editor Dieter Stockmann, Editorial Assistant Reinhard Monden, Economist ISL 2004 Figures indicate that the share of intra-regional trade is very high in the large Far Eastern ports - a typical feature of major transhipment hubs. SSMR June 2004 17 ISL – SEABASE – New literature on container market developments European Community Shipowners' Associations: The literature database ISL Seabase… …serves the public with more than 85,000 literature citations and is an important knowledge pool for the industry and market research. We inform fast, comprehensively, and professionally about markets, branches and companies in the areas shipping, shipbuilding, ports, traffic, transport and logistics and trade as well. Sources are national in international journals, reference books, research reports and “grey literature”. Song, D.W.; Yeo, K.T.: A competitive analysis of Chinese container ports using the Analytic Hierarchy Process Maritime Economics and Logistics (6) 2004, issue 1, pages 34-52 Ref.: This article identifies the competitiveness of container ports in China, including Hong Kong, using the framework of the Analytic Hierarchy Process (AHP) and provides managerial and strategic implications. The findings of the empirical analysis confirm the general perception that Hong Kong is the most competitive port in China, followed by Shanghai and Yantian. The research results show that "location" still plays the most significant role in the evaluation process of a port's competitiveness. Tharakan, J.: Box sector awaits policy shift Fairplay (350) 2004, issue 17.06., pages 20-21 Ref.: India's container sector is keeping busy while the country's new government is considering major changes in monopoly curbs at the nation's container terminals. The Directorate General-Shipping is weighing a proposal to allow a private operator to develop and run two container terminals at the same port. Operators are now limited to one terminal. P&O Ports India, which is wholly owned by international terminal giant P&O and operates India's largest container terminal, Nhava Sheva International Container Terminal (NSICT) at Jawharlal Nehru Port Trust (JNPT), is by far India's largest port company in the private sector. The bidding for the third terminal at JNPT attracted at least half a dozen international players and lines. Among them were Hamburg Port, CSX World Terminals, CMA CGM and Evergreen. The project was delayed on account of the general elections in India. A table lists India's port container traffic for 20032004. Wong Joon San: Container cultivation Asian Maritime Business 2004, issue 1.6, pages 28-32 Ref.: This article considers the growth of container ports in the ASEAN. Since the 1997 Asian financial crisis, container traffic passing through the ASEAN ports has grown at an average of more than 8 per cent a year. Since 1998, ASEAN has produced five new prime container ports, each handling more than 2 mill. TEU a year. These ports are: Port Klang, Malaysia; Tanjung Priok, Indonesia; Laem Chabang, Thailand; Manila, Philippines; and Tanjung Pelepas, Malaysia. This growth trend is expected to continue with secondary ports such as Surabaya in Indonesia, Cebu in the Philippines and Penang in Malaysia, which are expected to handle more than 1 mill. TEU annually. Container port developments in each of the ASEAN countries are reviewed in separate chapters. In the regional shipping scene, feeder container lines have also been expanding their business volumes. According to an ASEAN maritime transport development study of 2002, which covered the period 2003-08, unitisation services, such as containerisation and palletisation, have 18 been steadily increased at ASEAN ports. Multimodal transport is still at an infant stage. But ASEAN has already started promoting multimodal transport and full development of regional multimodal transport operation can be expected in the next three to four years. Lowry, N.: Costamare 1974-2004. 30 years in shipping Lloyd's List 2004, issue SU Jun., pages 1-64 Ref.: Company profile of Greece's container operator Costamare Shipping. This special supplement provides an in-depth look at Costamare's fleet, history and operations. Today, the Athens-based group has an all-cellular fleet of 55 ships in service and on order, which makes it arguably the largest independent company of its type worldwide, with more capacity than many of the well-known branded container services. Braam, T.B. (Ed.): Dynamar: Dyna liners trades review 2004 (1 January 2003 to 31 December 2003) Alkmaar : Dynamar, 2004.- 52 pages Ref.: This annual publication reviews trends and events which dominated the liner-shipping scene in 2003 and presents overviews, statistics, summaries on container shipping, top 20 operators, ports/terminals, container ships, etc. Although liner shipping faced some severe setbacks in 2003, carriers saw their financial results substantially improve during the year. Main developments were: The outbreak of SARS affecting China especially; the Iraq conflict; a further rise of outsourcing; unprecedented increasing exports from the Far East, for China in particular; further rising imbalances; nearly doubling of charter rates; continued high bunker prices; a persevering depreciation of the US Dollar (versus the Euro); an avalanche of orders for 8,000+ container vessels; increasing discrepancy between the growth of the world trade and container carryings on some of the main trade routes. Hussain, T.: Emirates boxes tower over the Gulf Fairplay (350) 2004, issue 08.01., pages 18-27 Ref.: This feature story reviews the year 2003 as well as current developments in the United Arab Emirates (UAE). Three years of sustained oil prives have driven demand in the oil-rich Middle East Gulf to new highs, despite the conflict in Iraq. Container throughput at UAE's transhipment hubs is booming and has grown by more than 20% in 2003. UAE's major transhipment hubs, Dubai and Sharjah, enjoy a steady growth in container trades. China is the largest source of containers discharged at Dubai, with 282,000 TEU of the 4.23M TEU handled. The unpredictable surge in container volumes over the past three years has exposed an imminent capacity shortfall. That is in stark contrast to regional competitor Salalah, which already possesses ample berth space and the largest service gantries in the world, and is well placed to attract and service the next generation of container ships. Despite the Emirates' emergence as the hub for the Middle East, its judiciary remains an anathema for shipowners seeking to resolve disputes. A major reform is urgently needed if the legal system is to keep pace with rampant commercial development. UAE bulker operators see rising volumes and are investing heavily in new Handymax and Panamax tonnage. The war in Iraq and strong oil prices meant that tanker owners were reluctant to drydock their vessels at UAE repair yards for most of 2003. Witthöft, H.J.: Großcontainerschiffe. Die Entwicklung aus der Sicht des Germanischen Lloyd Marine Forum (79) 2004, issue 5, pages 40-41 Ref.: Im Jahr 2003 erfolgte der Durchbruch zum 8.000-TEUContainerschiff, das sich zum neuen Standard bei den Großcontainerschiffen entwickelt. Weltweit gab es zum Jahresende 2003 Bauaufträge für 86 Einheiten dieser Größe, von denen mehr als die Hälfte durch den Germanischen Lloyd (GL) klassifiziert werden. Der GL unterstützt diese führende Klasse durch sein SSMR June 2004 ISL – SEABASE – New literature on container market developments spezifisches technischen Know-how und seine Erfahrungen aus dem Schiffsbetrieb. Die Entwicklung der Großcontainerschiffe wird im Beitrag aus der Sicht des GL dargestellt, u.a. optimierte Schiffsproportionen, Ladungssicherheit, neue Methoden der Festigkeitsbewertung, Motor und Propeller, Brückendesign. Haig-Brown, A.: Growing the ships and the fleet Motor Ship (85) 2004, issue Jun., pages 20-21 Ref.: Vancouver-based Seaspan Container Lines (SCL) has placed orders for five 4,250 TEU ships for delivery in 2005, five 8,100 TEU ships for delivery in 2004, and eight 9,600 TEU ships for delivery in 2006/2007. All of these ships will go under charter to China Shipping Lines. Seaspan also has on order nine 4,250 TEU ships for delivery in 2006/2007 with charter arrangements in place for CP Ships. When delivered, these ships will catapult SCL into the major league of container ship owners. Samsung Heavy Industries in Korea is recognised as world leaders in the building of container ships, there is little doubt that when ships with larger than 10,000 TEU capacity will be ordered, they will be built in Korea. But they will be built with significantly different technologies. The 9,600 TEU ships currently on order have grown within the same technological envelop as that developed for the 8,100 TEU ships. According to Seaspan Container Lines' Director, Graham Porter, the main limiting factors in building container ships over 10,000 TEU is the thickness of the steel plate and the existing welding techniques. The specifications of Seaspan's 10,000 TEU container vessel are outlined in this contribution. The growth in ship size involves two related factors, the hull form and the propulsion package. Some speculation on container ships larger than 10,000 TEUs predicts twin-engine configurations to drive the larger ship. While the container trade is growing marginally, the efficiencies of the larger ships will allow them to compete effectively on the heavier-volume cargo routes. With most major ports installing container cranes that will reach to 20 or even 22 containers stowed across a ship, the beam stacking of containers is not an issue. Whether the market demands will be there for this larger tonnage as it comes into service over the next few years is less predictable. Gardiner, P.: Hamburg Süd: building in Asia Lloyd's Shipping Economist (26) 2004, issue 1, pages 28-31 Ref.: German liner company Hamburg Sud has expanded its global network of liner services and has established itself as a leading player in a number of trades. In this article the author examines the path of expansion, how the company is currently positioned, its services and its probable strategy for the coming years. The group is involved in several areas of shipping, grouped in liner and tramp. The main areas of operation are the north-south markets. Despite its early-90s acquisitions, Hamburg Süd was still a relatively small player. In recent years, liner acquisitions have lifted the number of containerships operated by the Hamburg Süd group to 71, compared with 46 at the end of 2002. The containership fleet with brief details is presented in a table. The purchase of Kien Hung and Ellermann should lift the group's annual carryings to around 1.2m in 2004. The operational environment for Hamburg Süd is undeniable a difficult one, because of the ups and downs of the north-south markets. The most likely strategy of the group is to concentrate on growth in Asia, while retaining its long-held strategy of north-south specialisation. Wen Chang Huang, B.: Hinged containership design concept Motor Ship (85) 2004, issue Jun., pages 26-27 Ref.: The concept of building a ship as two or more independent ship sections joined together by means of a hinge has never been fully explored or tried out. A ship's engineer from Taiwan, Bill Wen Chang Huang, claims to have solved the problem by incorporating improvements to existing US patents and has now patented his ideas with the United States Patent. This article outlines the hinged containership design concept, which could be the answer for the ultra large container ship. The principal objective of the invention is to provide a novel ship design where the ship is constructed in at least two separate ship bodies linked to each other by means of a huge horizontally installed hinge. Another objective of the invention is to enable the ship sections to be readily attached or detached from one another so that when approaching a small harbour or quay, the hinged ship can be tanken apart thus facilitating berthing. If compared with conventional vessels of the same structural strength, the hinged ship can be made larger which means ship holds become larger, less engine power and smaller propellers are needed consequently resulting in less fuel as well as material cost. Lloyd's Register (LR) has been asked for their expert comments and, based on a cursory examination, LR is of a general opinion that, on the whole, the hinged containership concept appears to be a feasible design. One of the crucial issues would be the strength and construction of the hinge. Power, T.: How to manage liner costs Lloyd's Shipping Economist (26) 2004, issue 1, pages 22-24 Ref.: Liner companies have had to place increasing emphasis on controlling costs to enhance profit margins. The author reports on the strategies lines have adopted to achieve this and how successful they have been. At present container costs are under pressure as never before. Approximately 40 per cent of costs relate to the positioning of the empty container. Liner operators can have a very significant impact on their costs by careful selection of cargo flows. A table presents costs for movement of a 40' container from Shanghai to Manchester. The development of the Internet offers cost savings for liner operators. Web portals like CargoSmart, GTN and INTTRA provide the customer with a single platform through which he can interact with the liner company. Gardiner, P.: North-south trades: cost pressures soar Lloyd's Shipping Economist (26) 2004, issue 5, pages 12-15 Ref.: The north-south trades covers routes linking Europe, Asia and North America to Australia and New Zealand, sub-Saharan Africa, South America, Central America and the Caribbean. In general terms, north-south volumes have been growing. The expansion of north-south liner trades is being threatened by the soaring costs of chartering vessels and dealing with trade imbalance. The author analyses recent trends on the different routes and how operators are responding to the challenges. The most notable trend is the growing share of multi-trade operations, which link more than two trading areas and include many configurations. The main rationale behind the operational changes has been to reduce costs, and this has become a crucial problem as costs have spiralled. For operators rising charter and repositioning costs are causing some difficulties. The increase in the number of ships deployed on north-south routes in 2003 was very slow, crawling up from 616 to 625 ships. Charter rates are extremely important to this trade as 62 per cent of ships in north-south operation are charterd in. A table presents containership deployment by carrier group as of 1 January 2004. Koch, T.; Soergel, J.: The Container Terminal Altenwerder Ports and Harbors (49) 2004, issue 2, pages 18-21 Ref.: In autumn 2002, the Container Terminal Altenwerder (CTA) started its operation. Owned and operated by HHLA, the new facility is regarded as one of the most modern and innovative container terminals in the world. 2003, in its first full year of operation, CTA has reached a throughput of nearly 900.000 TEU. Final annual capacity after completion of phase II will be 1.9 mill. TEU in 2004. The successful realisation of CTA has proven that by use of automation in combination with intelligent steering and terminal logistics systems, efficiency in handling and at the same time cost reduction can be achieved. SSMR June 2004 19 ISL – SEABASE – New literature on container market developments Drewry Shipping Consultants: Annual review of global container terminal operators London : Drewry Shipping Consultants, 2003.- 89 pages Ref.: Analysis of the global container terminal operators. Private sector participation has increased over the past decade as a result of the privatisation of existing facilities and the utilisation of private finance to construct new facilities. Over half of the world's container terminal capacity is now managed by a small number of companies that can be defined as global container terminal operators. These companies, which by definition have operations in more than one world region, handled an estimated 160 mill. TEU in 2002, over 58 per cent of total world container port throughput. The ten leading container terminal operators are Hutchinson Port Holdings (HPH), PSA Corporation, APM Terminals, P&O Ports, Eurogate, Evergreen Marine Corporation, Dubai Ports Authority (DPA), Cosco, Hanjin Shipping, and SSA Marine. Drewry's capacity forecasts show that the global operators' share of world container terminal capacity will increase at an average 5.6 per cent per year between 2002 and 2008. Contents of this study: 1) Global container terminal industry structure. 2) Leading operators' league tables (rankings). 3) Analysis of leading operators. 4) Operator analysis by region. Ocean Shipping Consultants: Containerisation in the Americas to 2015 Chertsey/Surrey : Ocean Shipping Consultants, 2003.- 170 pages Ref.: This study analyses the evolution of regional container handling demand by port and assesses current developments in the Americas. The Americas have seen a 2.5-fold increase in containerport demand since 1990, and expanded even during the economic downturn in 2002. Demand has been boosted by both regionalisation, the integration of trading patterns within the Americas, and globalisation, which is progressively integrating all markets with Asia by means of deepsea links and transshipments. North American containerport demand has more than doubled over the period, with particularly strong growth experienced in the Far East-North America trades, especially with regard to China. Growth has been even more rapid in the developing markets of Latin America and the wider Caribbean. Future demand in the Americas is forecast to 2015 by region and port range. Contents of this study: 1) Introduction. 2) Driving forces and strategic issues. 3) Overview of markets and forecasts. 4) The North American containerport market. 5) The Caribbean and Central American containerport market. 6) The South American containerport market. 7) Container shipping trends in the Americas. 8) Containerport productivity in the Americas. 9) North American intermodalism. Foxcroft, A. (Ed.); Boyes, J.R. (Ed.); Hennessey, M. (Ed.): Containerisation International: Market analysis. World container census 2003 London : Containerisation International, 2003.- 56 pages Ref.: Annual analysis of world container fleet with regard to: fleet profile, ownership profile, leased fleet, maritime dry freight fleet profile, maritime reefer fleet profile, regional fleet profile, fleet growth For further information concerning ISL-Seabase and ISL Information Centre/Library please contact Ms Ogiolda or Ms Fegbeitel by Phone: + 49-421 22096-44/-46 or by E-mail: [email protected] review. The census confirms that there were almost 16 mill. TEU owned and leased worldwide by mid-2002, comprising almost 15.2 mill. TEU of maritime build and over 775,000 TEU of region-specific or domestic container types, despite achieving its slowest rate of annualised growth in almost a decade by just 4.5 per cent. Global box inventories numbered over 10.5 mill. units at mid-2002 and were valuated at around US$32.2 bill. The total leased container fleet amounted to 7.2 mill. TEU at mid-2002. Despite the recent changes affecting the global box building sector, annualised global production has remained remarkably stable, averaging 1.4-1.6 mill. TEU, since the mid-1990s. However, it is imminently forecast to increase, because of greater replacement and the need to service the expansion of an ever-larger fleet size. Marconsult: Performances of container terminals. Report 2003 Genoa : Marconsult, 2003.- 66, annex pages Ref.: Report on container terminal productivity. Update of the previous report 2000. The objective is to establish some comparative assessment criteria for container terminals. This report examines and evaluates the infrastructural, structural and organisational data and the traffic volumes of 34 European container terminals. In addition, it also considers some non-European terminals that may be regarded as benchmarks. Annex 1 contains terminals' synthetic cards. Annex 2 provides a detailed description of the various institutional set-ups of the ports. Annex 3 explains the methods used. Visser, D. (Ed.): Dynamar: Top 25 container liner operators Alkmaar : Dynamar, 2003.- 135 pages Ref.: This publication provides an extensive overview of the world's largest container shipping companies. Besides a ranking profile of the top 25 liner operators it provides details of their order book, container fleet size as well as full container carryings. The report is rounded off with a listing of alliances, consortia and joint services. Main findings of the study are: the top 25 liner operators control nearly 80 per cent of the world's total TEU capacity; have a share of more than 75 per cent of total chartered fleet; carry more than 80 per cent of all full containers lifted worldwide; twelve of the top 25 operators co-operate in the three large East-West Alliances; the three large East-West Alliances deploy 27 per cent of the world's total cellular capacity. The main body of this study provides corporate profiles of each carrier (and each of their operating subsidiaries) in alphabetical order. Dynamar: Top 31-60 liner operators trading profiles Alkmaar : Dynamar, 2003.- 103 pages Ref.: This publication provides an extensive overview of the world's container shipping companies. Besides a ranking profile of the 31-60 liner operators in terms of TEU capacity as well as details of their order book, container fleet size and full container carryings it provides corporate profiles of each carrier in alphabetical order. The report is rounded off with a listing of alliances, consortia and joint services, port and trade statistics. The above is a small sample of literature concerning the topics of this issue. If you want to see the wide range of publications please use also our on-line search form at: http://www.isl.org/library You miss your publication in this? Please contact our team 20 SSMR June 2004 ISL Market Review 2004 - merchant fleet data Fleet Data Total world merchant fleet - 300 gt and over - Date 1st Unit Oct. 2004 Jan. July April 827483 836231 834505 840355 853804 1.6 3.2 312979 8412 19843 286167 12504 85312 96430 317101 8544 20065 288427 12366 87685 96164 314534 8634 20443 288704 12168 88167 95969 317827 8791 20835 289510 12107 90214 95187 324136 8875 21478 294032 12031 91726 95601 2.0 1.0 3.1 1.6 -0.6 1.7 0.4 3.6 5.5 8.2 2.7 -3.8 7.5 -0.9 42736 28588 7071 9859 8176 5836 42933 28139 6827 10046 8219 5879 43144 27797 6788 10004 8237 5887 42858 27326 6758 10075 8171 5884 43264 27152 6844 10070 8271 5925 0.9 -0.6 1.3 -0.0 1.2 0.7 1.2 -5.0 -3.2 2.1 1.2 1.5 16053 15661 9169 13605 17437 28.2 8.6 10050 174 411 3234 1705 451 8886 197 326 3138 121 2472 408 5003 179 468 2088 1035 370 8117 181 492 2343 120 1943 371 8842 209 771 5395 1537 624 8.9 15.2 56.5 130.3 ... -20.9 68.3 -12.0 19.8 87.6 66.8 ... -9.8 38.5 297 8 63 83 29 319 7 5 21 56 111 279 24 6 1 61 26 161 10 3 85 112 38 352 88 16 26 141 59 119.1 746.3 437.4 26.2 56.7 18.3 1021.2 ... -57.7 70.7 104.0 prev. period same period prev. year 1000 dwt Total Oil tankers Chemical tankers Liquid gas tankers Bulk carriers OBO carriers Container ships General cargo ships of which Single-deck ships Multi-deck ships Reefer ships Special ships Ro-Ro cargo ships Passenger ships Additions to fleet - 300 gt and over - % change over 2003 Apr. during 1000 dwt the prev. quarter Total Oil tankers Chemical tankers Liquid gas tankers Bulk carriers OBO carriers Container ships General cargo ships of which Single-deck ships Multi-deck ships Reefer ships Special ships Ro-Ro cargo ships Passenger ships Note: Information on newbuildings entering the merchant fleet have in some cases time lacks. Thus, "additions to fleet" include ships completed during the last two years, but entering the fleet during the quarter under review. Broken-up tonnage - 300 gt and over - during 1000 dwt the prev. quarter Total Tankers Bulk carriers Container ships General cargo ships of which Single-deck ships Multi-deck ships Passenger ships Passenger ships 1000 dwt 1000 gt 7382 8158 10279 6856 6011 -12.3 -18.6 4482 1745 317 816 4347 2045 288 1426 7032 1817 395 993 4874 1033 11 879 4191 977 99 688 -14.0 -5.4 799.9 -21.7 -6.5 -44.0 -68.7 -15.7 130 581 23 82 507 644 53 178 207 552 40 148 281 445 58 - 262 304 56 169 -7.0 -31.7 -4.1 ... 101.4 -47.7 144.8 106.9 Note: For definition of ship types compare "Definitions". (Source: ISL based on data from LR/Fairplay) SSMR June 2004 21 ISL Market Review 2004 - merchant fleet data % change over 2003 Fleet Data Date Laid-up tonnage - 300 gt and over - Unit 2004 prev. period same period prev. year Nov. Dec. Jan. Feb. Mar. Apr. May 1184 1152 1159 1046 1033 1002 1054 5.2 -51.9 220 155 96 586 206 155 96 547 216 155 100 548 217 90 32 554 217 90 32 557 217 90 32 545 216 127 32 564 -0.4 41.0 3.4 -80.5 -31.6 -66.2 -14.3 189 182 127 393 171 169 149 475 155 175 141 442 153 180 153 479 153 183 137 440 150 179 118 370 151 198 115 354 0.7 10.8 -2.5 -4.4 -20.4 -19.1 -21.4 100.5 mid1000 dwt of month Total Tankers Bulk carriers Container ships General cargo ships of which Single-deck ships Multi-deck ships Passenger ships Passenger ships 1000 dwt 1000 gt Lay-up rate of total world fleet % Broken-up tonnage - 300 gt and over - 0.14 0.12 during1000 dwt the month Total Tankers Bulk carriers Container ships General cargo ships of which Single-deck ships Multi-deck ships Passenger ships Passenger ships 1000 dwt 1000 gt 2182 1389 452 332 2536 1746 407 11 332 2141 1232 531 45 308 1929 1425 245 54 198 1942 1534 202 182 1249 994 87 50 104 -35.7 -35.2 -57.1 -42.7 -26.8 82.0 -85.5 -23.0 -77.8 77 195 9 31 131 157 41 90 99 190 25 63 109 48 6 31 54 66 25 76 16 56 15 54 -71.0 -14.7 -39.2 -28.3 -93.7 -57.5 -49.5 -40.3 Laid-up tonnage - dwt percent change over previous month 2002 - 2004 60.0 43.6 40.0 20.0 11.7 3.0 0.0 -0.9 -2.9 -2.9 0.0 -2.8 -3.0 5.2 0.6 -0.7 -1.4 -4.3 -8.0 -20.0 -40.0 2.8 1.0 -1.3 -3.0 -2.7 -9.8 -3.0 -20.0 -28.9 M J J A S O N D J2003 F M A M J J A S O N D J2004 F M A M ISL2004 Broken-up tonnage - dwt percent change over previous month 2002 - 2004 600.0 582.1 450.0 300.0 152.7 150.0 26.9 18.2 31.8 11.0 0.0 -150.0 -6.0 -8.6 -46.1 M J J A S O N 69.9 52.5 5.6 -40.8 -52.0 D J2003 F M -21.7 -28.8 -27.3 -53.0 A 16.2 11.3 M J J A S O N 0.7 -15.6 -9.9 D J2004 F -35.7 M A ISL2004 (Source: ISL based on LR/Fairplay) 22 SSMR June 2004 ISL Market Review 2004 - shipping prices and costs 2003 Shipping Prices and Costs Date Unit end mill US $ Second hand prices Bulk carrier 28000 dwt, 1984 built 28000 dwt, 1989 built 28000 dwt, 1995 built 42000 dwt, 1984 built 42000 dwt, 1989 built 45000 dwt, 1995 built 65000 dwt, 1982 built 68000 dwt, 1989 built 73000 dwt, 1995 built 135000 dwt, 1981 built 145000 dwt, 1989 built 165000 dwt, 1995 built 2004 % change over same prev. period period prev. year Nov. Dec. Jan. Feb. Mar. Apr. 6.0 8.8 13.0 7.2 11.0 16.5 7.3 14.0 21.5 9.5 24.0 37.0 6.2 9.5 13.0 8.0 12.0 18.0 8.0 14.5 23.5 12.0 25.0 39.0 8.0 11.0 14.5 10.0 14.0 21.0 11.5 19.5 30.0 15.0 32.5 47.0 8.5 12.0 15.8 13.0 17.0 24.5 13.5 22.0 32.0 20.0 34.5 48.5 9.0 14.0 17.5 14.0 18.0 26.0 15.0 23.0 33.5 20.0 34.5 48.5 9.0 14.0 17.5 14.0 17.0 25.0 12.0 20.0 30.0 16.0 30.0 43.0 -5.6 -3.8 -20.0 -13.0 -10.4 -20.0 -13.0 -11.3 87.5 102.9 66.7 133.3 82.8 78.6 128.6 94.2 87.5 204.8 76.5 62.3 68.0 31.0 46.0 23.0 36.0 28.0 16.0 15.0 27.0 13.0 72.0 34.0 48.0 23.0 38.0 29.0 17.0 16.0 28.0 13.0 73.0 34.0 49.0 24.0 42.0 31.0 18.0 17.0 30.0 14.0 73.0 34.0 49.0 24.0 42.0 31.0 18.0 17.0 30.0 14.0 74.0 35.0 50.0 24.0 43.0 31.0 18.0 17.0 30.0 14.0 74.0 35.0 50.0 24.0 43.0 31.0 18.0 17.0 30.0 14.0 - 25.4 29.6 16.3 9.1 34.4 24.0 12.5 21.4 25.0 7.7 270.0 260.0 307.5 282.5 325.0 325.0 380.0 365.0 365.0 385.0 305.0 396.3 -16.4 2.9 47.0 88.7 265.0 270.0 270.0 255.0 255.0 260.0 310.0 310.0 310.0 280.0 280.0 290.0 330.0 330.0 330.0 295.0 295.0 305.0 400.0 400.0 400.0 370.0 370.0 380.0 400.0 400.0 400.0 375.0 375.0 380.0 410.0 410.0 410.0 380.0 380.0 385.0 2.5 2.5 2.5 1.3 1.3 1.3 105.0 95.2 95.2 90.0 90.0 87.8 170.7 252.0 153.3 256.3 156.3 274.3 156.0 258.0 162.8 256.0 169.3 286.7 4.0 12.0 25.1 30.9 167.3 284.0 163.3 291.7 176.3 291.7 175.7 310.0 178.3 313.0 174.3 308.3 -2.2 -1.5 14.4 -3.4 1.200 0.697 130.48 109.45 12.02 1.259 0.705 133.74 107.13 11.93 1.247 0.683 131.67 106.44 11.74 1.249 0.670 131.67 109.62 11.76 1.232 0.688 132.59 109.99 11.89 1.198 0.676 131.96 110.35 11.73 -2.8 -1.7 -0.5 0.3 -1.3 7.1 -3.2 -0.9 -7.8 -3.5 of month Tanker VLCC M/T 300000 dwt, 1998 built, double hull VLCC M/T 285000 dwt, 1990 built - dely AG M/T 150000 dwt, 1998 built, double hull M/T 140000 dwt, 1990 built M/T 105000 dwt, 1998 built, double hull M/T 95000 dwt, 1993 built, double hull M/T 95000 dwt, 1990 built M/T 60/75000 dwt, 1986 built, coated M/T 45000 dwt, 1998 built, coated double hull M/T 40000 dwt, 1990 built, coated (Source: R.S. Platou A/S) Demolition prices by area Far East Pakistan/India end US $/ Displ. t (Source: R.S. Platou A/S) Demolition prices by ship type end Tanker VLCC Aframax 30´ Clean Capesize Handy 38´ General cargo US $/ Displ. t (Source: Fearnleys) Bunker market prices Hamburg, Rotterdam, Le Havre Fuel 180 CST Marine diesel oil US Ports Fuel 180 CST Marine diesel oil mid per m.t. of US $ fob month ex wharf (Source: Lloyd's List, compiled by E. Björn-Hansen, Oslo) Currency units, exchange rate Euro / US $ Euro / UK Pound Euro / Yen US $ / Yen (a) US $ / Won (a) average of 1Euro/US$ month 1Euro/UK£ 1Euro/¥ 1US$/¥ 1US$/100Won (a) Exchange rate as of end of month (Source: Deutsche Bundesbank) SSMR June 2004 23 ISL Market Review 2004 - economic indicators World market prices Overall index (a) 2003 2004 140 IMF non fuel commodities 1995 = 100 Moody´s HWWA (a) 1995 = 100 2000 = 100 81.2 80.0 79.5 79.6 79.4 79.0 80.5 82.2 85.5 87.7 46.0 94.0 97.1 98.9 99.9 97.7 107.5 103.3 107.1 109.1 108.1 111.0 111.1 113.4 117.5 121.3 125.3 130.2 136.2 136.4 140.0 138.9 110.9 104.8 94.1 95.8 99.3 101.1 104.0 99.0 105.4 107.1 110.7 117.1 118.7 126.5 127.5 134.6 February March April May June July August September October November December January February March April May 130 120 110 100 90 80 HWWA Index 70 2000 2001 2002 2003 ISL 2004 (Source: IMF, Handelsblatt and HWWA) World market prices Indices for selected commodities (a) 2000=100 2004 Grain Oilseeds Luxuries Non ferrous metals Iron ore, scrap metals Coal Agricult. raw material Crude oil April 111.4 May 115.3 June 110.8 103.7 July 111.1 August 113.0 September October 111.2 November 117.6 December 121.7 2004 127.3 January February 129.8 March 137.1 141.4 April May 137.4 (a) Price indices are rebased, based on US$ (Source: HWWA) 116.2 122.5 121.3 113.9 110.7 120.8 141.1 147.4 148.0 158.1 165.0 187.0 190.3 182.4 106.8 104.2 94.8 97.5 98.3 100.6 94.9 93.6 98.0 104.3 103.9 105.3 102.6 103.3 85.9 89.8 91.4 93.1 95.1 94.9 101.2 105.6 112.2 119.7 128.2 129.6 129.9 121.7 121.7 118.9 113.4 114.0 117.5 120.9 125.1 124.7 128.2 149.7 163.6 173.9 164.5 154.2 97.4 96.5 99.2 102.2 105.3 111.1 114.9 124.5 142.2 159.7 165.2 198.6 207.8 219.6 102.3 103.5 103.6 102.3 101.6 104.3 110.8 112.1 111.1 114.4 115.0 115.3 114.1 114.8 89.5 91.3 97.6 100.7 104.6 94.7 101.8 102.5 105.3 110.3 109.8 117.3 118.8 131.3 2003 200.0 200.0 Grain Oilseeds Agriculture 175.0 175.0 150.0 150.0 125.0 125.0 100.0 100.0 75.0 50.0 2000 Coal Crude oil 75.0 2001 2002 2003 2004 50.0 2000 2001 2002 2003 2004 ISL 2004 24 SSMR June 2004 ISL Market Review 2004 - economic indicators Production indices per working day for selected countries (2000=100) % change over same average 2003 Total industry exclud. construction 2002 2003 Selected countries Germany, FR of France Italy Spain United Kingdom 96.0 98.8 97.0 100.6 97.2 100.2 99.7 97.5 100.9 95.1 97.1 99.5 EU-15 Mar. 2004 Apr. 100.2 100.6 99.9 99.2 97.3 97.3 100.3 101.8 95.0 95.0 99.1 99.5 May June July Aug. Sept. Oct. Nov. Dec. Jan. prev. period Feb. periodrev. year 99.4 98.6 101.4 98.1 97.8 100.6 101.3 100.9 102.1 101.5 97.9 98.6 98.8 99.2 100.1 101.0 100.4 100.1 99.7 102.0 96.0 96.6 98.2 98.2 97.5 97.7 98.0 97.9 97.6 97.5 99.8 100.5 101.0 100.5 100.4 101.3 101.1 101.3 100.4 102.0 95.1 95.8 95.6 94.8 95.0 95.6 94.9 95.0 95.0 94.6 -0.6 2.3 -0.1 1.5 -0.4 0.7 1.3 -0.1 1.6 -0.9 98.6 0.1 0.2 98.9 99.5 99.3 Production indices per working day for EU-15, Japan and the USA 1999 - 2004 99.2 100.2 99.9 100.2 100.0 100.1 Production indices per working day for EU-15 by main industrial groups 1999 - 2004 105 110 2000=100 2000=100 105 100 100 95 95 90 90 85 80 85 J1999 J2000 J2001 US J2002 EU-15 J2003 J2004 J1999 J2000 J2001 J2002 J2003 J2004 Capital goods industries Durable consumer goods industries Intermediate goods industries Japan ISL 2004 Production indices per working day for EU-15, Japan and the USA (2000=100) by main industrial groups % change over 2003 Industrial group average Mar. 2004 Apr. May June July Aug. Sept. Oct. Nov. 2002 2003 EU-15 Japan USA EU-15 Japan USA EU-15 Japan USA 111.7 96.4 123.5 113.9 100.6 125.4 124.8 84.5 126.3 99.4 95.8 96.3 99.2 95.4 95.6 99.2 80.5 125.6 99.1 99.5 98.6 98.9 99.5 99.3 99.2 94.4 93.3 95.3 94.2 94.0 93.9 97.4 96.0 95.4 95.3 95.3 96.0 96.0 96.6 98.7 99.0 98.3 98.6 99.4 98.8 98.9 93.8 92.5 94.7 93.6 94.1 93.4 96.9 95.3 94.7 94.6 94.7 95.2 95.2 96.0 98.1 99.8 98.3 97.7 99.7 98.2 98.7 82.0 77.2 81.7 82.9 80.4 80.1 80.4 125.5 124.8 125.6 125.9 125.6 125.7 125.6 EU-15 Japan USA 107.0 101.6 147.2 89.7 104.2 152.8 89.0 89.5 88.5 89.0 91.2 89.1 89.6 90.6 90.1 103.3 104.1 107.2 105.1 103.9 103.3 103.9 103.3 103.3 150.9 149.9 149.9 150.9 152.3 152.5 155.0 155.6 157.8 Non-durable consumer EU-15 goods industries Japan USA 107.0 94.8 103.4 101.4 97.7 100.6 Total industries Intermediate goods industries Capital goods industries Durable consumer goods industries Dec. Jan. same Feb. prev. period periodrev. year 100.2 99.9 100.2 98.2 98.8 98.6 97.0 97.9 98.0 100.0 100.0 100.2 97.9 98.6 98.4 96.3 97.1 97.3 100.6 100.8 100.4 80.1 80.3 ... 125.7 126.1 ... 0.1 -3.9 0.8 0.2 -3.9 1.1 -0.2 ... ... 0.6 3.5 2.9 1.3 4.1 3.3 1.0 ... ... 90.9 ... ... -0.2 ... ... 0.8 ... ... 100.9 101.6 100.3 101.3 102.1 101.7 101.2 101.7 101.7 101.9 101.8 101.9 98.3 97.8 97.7 94.7 97.2 97.2 97.2 97.2 101.7 ... ... ... 101.4 100.8 100.6 100.1 100.5 100.3 100.3 100.4 100.8 ... ... ... 0.1 ... ... 0.8 ... ... 90.7 ... ... 100.0 100.1 101.6 97.6 98.7 99.4 99.8 100.0 101.3 97.3 97.6 98.7 100.0 99.8 ... ... ... ... 91.1 ... ... (Source: EUROSTAT, Data Base New Cronos) SSMR June 2004 25 ISL Market Review 2004 - freight market Basis 2003 Nov. Dec. 2004 Jan. `71=100 65/66=100 402 244 459 244 431 244 VLCC/ULCC, 150000 dwt & over World- 57.9 125.5 125.0 145.9 Medium crude, 70'-150000 dwt scale Topic (Source) Dry cargo market Time charter Trip charter Feb. average % change % change Apr. of last 12 months over prev. period over prev. year ... ... 394.5 235.5 ... ... ... ... 122.9 ... 90.8 ... ... Mar. 507 ... 244 ... Tanker market ... ... 120.4 278.9 268.1 179.0 176.1 ... 163.6 ... ... Small crude, 30'-70000 dwt 153.3 332.5 345.0 306.3 191.3 ... 228.4 ... ... Handy sized dirty - 35000 dwt 202.0 290.0 285.0 400.0 349.4 ... 255.3 ... ... Clean, all sizes 180.0 288.6 265.6 356.6 370.0 ... 267.6 ... ... 563 613 451 558 362.3 23.7 122.2 (Source: Lloyd´s Ship Manager) Tramp tonnage Trip charter indices '85=100 Combined index 309 360 12000 -19999 dwt ... ... 341 349 ... 448 315.3 ... ... 20000-34999 dwt 422 469 601 716 636 615 426.5 -3.3 125.5 35000-49999 dwt 417 521 521 721 706 571 424.6 -19.1 174.7 50000-84999 dwt 605 688 688 835 861 730 530.8 -15.2 164.9 85000 dwt and over 662 722 722 881 735 604 506.6 -17.8 182.7 (Source: Lloyd's Shipping Economist) Quarterly changes of selected freight rate averages 2002 - 2004 (in %) 50.0 Time charter 15.0 30.9 10.0 40.0 30.0 5.0 20.0 6.9 5.8 3.7 3.5 9.4 4.6 4.1 3.3 2.1 2.2 0.4 -0.3 5.7 0.5 -0.9 -0.9 -3.9 -8.3 -5.2 -20.0 -30.0 -10.0 II/0 2 III/ 02 IV /02 I/0 3 II/0 3 III/ 03 IV /03 I/0 4 II/0 2 III/ 02 IV /02 I/0 3 II/0 3 III/ 03 IV /03 I/0 4 -1.1 4.9 -10.0 -5.0 -10.0 - 10.0 6.6 II/0 2 III/ 02 IV /02 I/0 3 II/0 3 III/ 03 IV /03 I/0 4 10.0 15.6 Liner trade index 20.0 Trip charter ISL2004 Liner trade indices Overall index 100.5 96.0 93.2 93.1 96.4 100.0 100.0 3.7 95.7 91.7 88.1 88.0 91.9 96.3 94.5 4.8 3.0 105.1 100.1 98.0 98.0 100.8 103.5 105.2 2.7 -3.4 Europe 94.4 94.4 94.4 94.3 94.4 94.6 94.7 0.2 -2.5 America 115.3 110.4 107.6 107.1 110.0 113.6 111.9 3.3 3.0 79.0 83.7 88.4 89.8 5.6 -2.1 Homeward-bound liner Outward-bound liner 95=100 -0.5 by trading area Asia 88.7 82.7 78.8 (Source: Statistisches Bundesamt, FRG) 26 SSMR June 2004 ISL Market Review 2004 - freight market 2003 2004 Basis % change over prev. period % change over prev. year Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May 81.6 104.4 105.6 53.0 56.0 137.0 123.1 151.9 153.8 117.5 151.5 229.0 113.1 133.8 273.8 106.9 135.0 188.8 96.3 104.4 180.0 86.3 93.5 150.0 80.8 97.5 154.2 -6.4 4.3 2.8 -3.6 3.9 5.0 207.5 235.0 200.0 218.0 271.3 263.8 303.0 313.0 340.0 352.5 356.3 403.8 345.0 390.0 239.0 257.0 246.7 242.5 3.2 -5.6 -30.0 -18.8 Apr. 03. Apr. 10. Apr. 17. Apr. 24. May 01. May 08. May 15. May 22. May 29. General freight index 1972 Grain freight index =100 Miscellaneous freight index 428.2 455.5 368.1 422.0 449.2 362.1 420.7 448.5 359.4 420.8 448.5 359.7 419.9 447.6 358.9 417.8 447.0 353.5 419.0 448.5 354.1 418.3 447.7 353.8 417.5 446.8 353.0 -0.2 -0.2 -0.2 Time charter indices Time charter Time 1 to 2 months Time 2 to 3 months Time over 6 months 548.2 618.8 551.8 432.3 516.7 585.7 512.4 440.6 503.5 591.3 490.3 442.2 541.3 611.2 542.6 437.3 482.6 582.0 462.6 437.3 449.6 510.4 436.1 427.4 459.9 514.0 450.5 427.4 433.8 457.9 427.9 427.4 411.7 432.0 409.2 394.4 -5.1 -5.7 -4.4 -7.7 340 346 236 369 368 271 358 390 373 -4.4 Mar. Apr. Topic (Source) Tanker freight rates Dirty AG-West AG-East Med-USAC Clean Med-NW Europe Med-USAC Worldscale (Source: Petroleum Economist) 2004 Topic (Source) Basis Weekly - No. of fixtures reported Topic Unit 2003 Sep. Oct. Nov. Dec. Jan. 2004 Feb. No 1000 m.t. 19 1593 7 597 26 2345 23 2016 23 2066 27 2442 39 3491 No 1000 m.t. 20 676 31 716 12 282 8 193 12 251 26 364 16 296 (Source) % change over prev. period May %change over prev. period % change over prev. year 43 4182 44 3784 2.3 -9.5 69.2 12.1 16 419 15 258 -6.3 -38.5 -25.0 -57.5 Charter fixtures, worldwide 4 resp. 5 weeks Coal Grain Coal and Grain - monthly charter fixtures 2003 - 2004 (ton-% change) 200 180 160 140 120 100 80 60 40 20 0 -20 -40 -60 -80 -100 182.9 292.9 260.6 Grain Coal 121.8 100.9 56.7 17.5 -65.9 A -19.6 -14.0 -31.4 -33.3 -29.3 -44.3 J J 19.8 -9.5 -18.7 -38.5 -62.5 -60.7 -72.1 M 43.0 41.5 18.2 5.8 -38.9 M 44.8 39.6 39.6 24.4 A S O N (Source: ISL Bremen based on Information from Maritime Research Inc., Parlin, New Jersey) SSMR June 2004 D J2004 F M A M ISL2004 27 ISL Market Review 2004 - world shipbuilding % change over ISL World Shipbuilding Order book - by ship type - 300 gt and over - Date Unit quarterly Oil tankers Liquefied gas & chem. tankers Bulk carriers (incl. combined carriers) Container ships General cargo ships of which Reefer, special and Ro-ro cargo ships Passenger ships OECD of which Japan Korea, Rep. of AWES July Oct. 2004 Jan. Apr. prev. period same period prev. year No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt 2290 50427 83214 121516 755 17122 34179 60673 197 6407 7931 6591 456 8022 17998 33122 333 9828 14277 16351 372 4556 5323 4362 97 2334 3100 1327 177 4491 3506 417 2383 53649 88663 129015 777 18287 35776 63668 200 6645 8212 6829 475 8425 18919 34886 372 11098 16202 18658 396 5183 6491 4655 123 3034 4371 1765 163 4010 3063 319 2729 60603 103208 150346 879 19119 39565 70339 199 6212 7614 6444 582 10357 23180 42547 489 15459 22717 25823 416 5640 7193 4859 132 3436 5069 1954 164 3817 2938 334 2984 67965 112383 162480 925 21339 40350 71335 206 6766 8426 7125 647 11501 25685 47205 588 18782 27622 31348 438 5818 7407 5126 129 3417 5125 1997 180 3758 2892 342 3101 69559 118079 171854 945 20501 41466 73798 186 6398 8035 6730 680 12086 26906 49575 662 21469 31679 36214 460 5872 7527 5226 129 3403 5210 2006 168 3233 2467 311 3.9 2.3 5.1 5.8 2.2 -3.9 2.8 3.5 -9.7 -5.4 -4.6 -5.5 5.1 5.1 4.8 5.0 12.6 14.3 14.7 15.5 5.0 0.9 1.6 2.0 -0.4 1.7 0.5 -6.7 -14.0 -14.7 -9.2 35.4 37.9 41.9 41.4 25.2 19.7 21.3 21.6 -5.6 -0.1 1.3 2.1 49.1 50.7 49.5 49.7 98.8 118.4 121.9 121.5 23.7 28.9 41.4 19.8 33.0 45.8 68.1 51.2 -5.1 -28.0 -29.6 -25.6 No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt No 1000 cgt 1000 gt 1000 dwt 1611 41062 69074 99618 603 13768 25544 39821 569 18556 34197 52266 415 8894 9763 8615 1708 43922 73856 106205 634 14878 28156 43480 632 20555 36625 55168 402 8638 9443 8450 1965 49459 85850 123352 755 16969 33104 50911 762 24140 43692 64641 427 8842 9867 9329 2095 54100 90540 128332 838 19088 36309 56282 780 26397 44812 63696 453 9106 10234 9831 2204 55597 95624 136691 855 18771 37092 58554 857 28339 49003 69211 456 8973 10372 10411 5.2 2.8 5.6 6.5 2.0 -1.7 2.2 4.0 9.9 7.4 9.4 8.7 0.7 -1.5 1.3 5.9 36.8 35.4 38.4 37.2 41.8 36.3 45.2 47.0 50.6 52.7 43.3 32.4 9.9 0.9 6.2 20.9 1st Total Order book - by country group/countries - 300 gt and over - Apr. 1st Note: For definition of ship types compare "Definitions". (Source: ISL Bremen 2004 based on quarterly updates from LR/Fairplay) 28 SSMR June 2004 I - 1.1 Laid-up tonnage ISL 1.1.1 By month 2003 and 2004 Ships of 300 gt and over Dry cargo vessels Tankers Grand Total Year/ dwt-% 1000 1000 1000 1000 No gt dwt No gt dwt 225 228 223 222 219 209 216 214 216 1376.1 1331.5 1638.6 1616.6 1584.1 995.7 1015.3 1013.3 1061.2 1210.2 1170.6 632.7 592.6 542.4 973.2 989.6 964.0 946.7 45 48 48 51 52 49 51 52 50 433.8 404.9 554.3 560.3 563.2 271.0 131.6 131.2 123.4 March 217 228 224 1041.2 995.8 957.1 943.7 829.5 816.2 52 52 52 April May 213 212 894.9 897.7 804.8 838.4 219 957.3 218 1142.6 Mid month 1000 1000 No gt dwt 840.7 792.2 1106.2 1117.5 1122.8 552.6 231.1 220.0 205.7 270 276 271 273 271 258 267 266 266 1809.9 1736.4 2192.9 2176.9 2147.3 1266.7 1146.9 1144.5 1184.6 2050.9 1962.8 1738.9 1710.1 1665.3 1525.8 1220.7 1184.0 1152.4 128.6 129.2 129.2 215.8 216.8 216.8 269 280 276 1169.8 1125.0 1086.3 1159.5 1046.3 1033.0 0.6 -9.8 52 51 129.2 128.5 216.8 215.8 265 263 1024.1 1026.2 1021.6 1054.3 -1.1 3.2 846.5 52 129.0 216.4 271 1086.3 1062.9 822.8 51 248.3 469.8 269 1390.9 1292.7 change over prev. month 2003 April May June July August September October November December 2004 January February Average 2004 0.3 -1.8 -9.7 -3.7 16.0 -10.2 -20.0 -3.0 -2.7 -1.3 Av. 12 months June 2003 - May 2004 1.1.2 By year of build and ship type mid of May 2004 Tankers Year of build up to 1962 (1) No (2) 1000 dwt Bulk carriers Passenger ships of which Single-deck ships Multi-deck ships 15 38.0 13 18.1 10 43.2 9 25.4 5 15.4 5 6.1 2 4.1 1 0.4 - 5 18.0 5 25.6 7 24.6 8 62.2 6 43.8 4 23.8 - TOTAL No (1) 1000 dwt (2) 51 6 2 137 60 35 67 263 215.8 127.5 32.5 563.7 150.6 198.0 114.8 1054.3 35.1 27.2 25.8 32.8 36.0 32.5 36.8 34.1 1973 - 1977 1978 - 1982 1983 - 1987 1988 - 1992 1993 - 1997 1998 - Average age (Years) 25 61.2 23 68.9 25 175.1 21 93.3 19 86.0 10 33.8 9 21.9 5 24 - TOTAL 11 64.4 14 20.7 11 65.7 4 7.8 5 14.5 4 40.8 2 2.0 - 1968 - 1972 1 3.5 1 29.0 - General cargo ships (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) 1963 - 1967 1 0.7 1 0.4 3 79.3 1 47.0 - Container ships 19 63.2 17 15.1 9 13.3 8 5.9 3 8.7 1 0.2 6 6.6 3 0.8 1 0.8 56 189.5 54 104.7 46 257.6 34 107.5 30 188.4 17 150.8 17 30.5 8 24.5 1 0.8 dwt-% share of total 18.0 9.9 24.4 10.2 17.9 14.3 2.9 2.3 0.1 100.0 Continued SSMR June 2004 29 I - 1.1 Laid-up tonnage ISL 1.1.3 By major flags and ship type mid of May 2004 Ships of 300 gt and over Tankers Flag dwt - rank (1) No (2) 1000 dwt 1 Brazil 2 3 4 5 6 7 8 9 10 11 12 13 14 15 (1) (2) Panama (1) (2) Liberia (1) (2) US (1) (2) Egypt (1) (2) Bahamas (1) (2) Italy (1) (2) Libya (1) (2) Greece (1) (2) Argentina (1) (2) Cyprus (1) (2) Indonesia (1) (2) Mexico (1) (2) Denmark (1) (2) Russia (1) (2) Others/unknown (1) (2) TOTAL 1 2.2 5 16.1 1 2.1 2 50.4 1 35.4 5 11.6 8 9.9 1 2.3 1 2.2 2 12.6 1 21.8 1 2.6 3 5.4 19 41.3 Bulk Container carriers ships 3 89.3 1 37.1 2 1.1 1 29.0 1 3.5 General Passenger cargo of which ships ships Single-deck Multi-deck ships ships 6 45.2 13 45.0 1 94.5 2 10.6 4 7.2 2 35.3 2 9.3 4 32.6 1 0.9 5 24.3 2 16.4 3 10.3 7 18.6 15 13.5 70 200.2 7 15.6 1 3.1 1 4.3 2 15.1 2 9.5 2 1.4 5 5.8 40 95.8 3 25.7 3 8.6 1 10.4 1 2.1 2 35.3 3 28.6 1 0.8 4 7.8 1 2.2 16 76.6 5 21.2 4 28.6 3 2.5 12 12.2 10 18.5 1 0.5 2 5.5 30 25.8 No (1) 51 6 2 137 60 35 67 1000 dwt (2) 215.8 127.5 32.5 563.7 150.6 198.0 114.8 dwt-% Av. share age of (years) TOTAL total 11 165.6 15.7 24 119.4 11.3 2 96.6 9.2 8 89.6 8.5 5 42.7 4.0 5 37.8 3.6 19 33.1 3.1 4 32.6 3.1 19 29.3 2.8 7 27.0 2.6 5 24.0 2.3 5 22.8 2.2 1 21.8 2.1 8 21.2 2.0 18 18.8 1.8 122 271.9 25.8 263 25.7 36.0 35.4 56.3 35.2 21.5 37.4 19.0 39.7 37.2 27.9 30.5 35.9 32.7 19.6 34.9 34.1 1054.3 100.0 1.1.4 By country groups of registration and ship type mid of May 2004 Ships of 300 gt and over Tankers Country (1) No groups (2) 1000 of registration dwt OECD (1) (2) of which EU (1) (2) Open Registry Flags (1) (2) Others (1) (2) TOTAL 21 110.7 15 25.0 9 23.1 21 82.1 Bulk Container carriers ships 1 0.7 1 0.7 1 37.1 4 89.7 2 32.5 General Passenger cargo of which ships ships Single-deck Multi-deck ships ships 26 64.9 16 38.7 23 214.1 88 284.8 12 19.1 7 9.5 9 19.4 39 112.1 5 18.1 4 7.8 7 61.7 23 118.2 35 68.1 27 34.2 14 30.7 18 16.0 No (1) 51 6 2 137 60 35 67 1000 dwt (2) 215.8 127.5 32.5 563.7 150.6 198.0 114.8 20.5 12.1 3.1 53.5 14.3 18.8 10.9 dwt-% share of total dwt-% Av. share age of (years) TOTAL total 83 244.4 23.2 59 98.5 9.3 47 304.9 28.9 133 505.0 47.9 263 38.1 36.3 30.8 32.7 34.1 1054.3 100.0 100.0 Note: Open registry flags include Bahamas, Bermuda, Cyprus, Liberia, Panama as "Majors" and Malta, Saint Vincent, Marshall Islands, Cayman Islands and Antigua & Barbuda. 30 SSMR June 2004 I - 1.1 Laid-up tonnage ISL 1.1.5 Reported monthly tonnage reduction and addition by ship type up to mid of May 2004 Ships of 300 gt and over General cargo ships Year/ (1) No (2) 1000 dwt mid month TOTAL October 2003 Addition November 2003 Reduction November 2003 TOTAL November 2003 Addition December 2003 Reduction December 2003 TOTAL December 2003 Addition January 2004 Reduction January 2004 TOTAL January 2004 Addition February 2004 Reduction February 2004 TOTAL February 2004 Addition March 2004 Reduction March 2004 TOTAL March 2004 Addition April 2004 Reduction April 2004 TOTAL April 2004 Addition May 2004 Reduction May 2004 TOTAL May 2004 Bulk carriers Tankers Container ships of which Singledeck ships Passenger ships Multi-deck ships TOTAL (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) 51 231.1 5 9.4 4 20.3 52 220.2 2 2.9 4 17.0 50 206.0 4 12.9 2 2.9 52 216.1 1 3.1 1 2.1 52 217.1 52 217.1 52 217.1 1 1 51 6 155.0 6 155.0 6 155.0 6 155.0 1 64.6 5 90.4 5 90.4 5 90.4 1 37.1 6 2 96.1 2 96.1 2 96.1 1 3.5 3 99.6 1 67.1 2 32.4 2 32.4 2 32.4 2 146 612.3 7 17.4 12 43.8 141 585.9 7 16.3 18 55.7 130 546.5 9 26.8 6 25.8 133 547.4 12 9.9 3 3.6 142 553.7 4 6.7 5 4.0 141 556.4 2 19.2 6 11.7 137 563.9 2 2.5 2 3.0 137 68 194.7 4 10.2 4 15.9 68 189.0 1 1.6 6 19.5 63 171.1 2 1.0 3 16.7 62 155.3 1 0.4 2 2.6 61 153.1 2 2.5 2 2.2 61 153.3 2 3.8 59 149.5 1 1.1 60 34 201.8 3 19.8 31 182.0 2 3.6 3 16.2 30 169.3 2 14.4 2 8.6 30 175.1 4 4.4 34 179.5 1 3.8 1 0.8 34 182.4 2 19.2 1 3.8 35 197.8 35 62 126.2 4 2.6 1 2.0 65 126.8 14 28.5 1 6.4 78 148.9 3 7.6 75 141.3 8 14.7 4 3.4 79 152.6 1 0.9 4 16.9 76 136.6 7 18.9 69 117.7 2 2.9 67 267 1220.7 16 29.4 17 66.1 266 1184.0 23 47.7 23 79.1 266 1152.6 14 43.2 11 36.3 269 1159.5 21 27.7 10 140.9 280 1046.3 5 7.6 9 20.9 276 1033.0 2 19.2 13 30.6 265 1021.6 3 39.5 5 6.9 263 (2) 216.2 127.5 32.4 563.4 150.6 197.8 114.8 1054.3 Addition (a) dwt-% share - 41.0 - 0.4 0.7 - - 3.9 Reduction (a) dwt-% share 0.4 - - 0.5 - - 2.5 0.7 -0.4 41.0 - -0.1 0.7 - -2.5 3.2 Total Tonnage Laid-up dwt-% change over previous month (a) Tonnage reduction & addition in dwt-% shares compared with previous total. Note: Figures as of mid of month. Reduction and addition figures include laid-up tonnage as reported for the relevant month. The date of entering or leaving lay-up may be different from the reporting period. (Source: ISL merchant fleet data bases, based on monthly LR/Fairplay updates) SSMR June 2004 31 I - 1.2 Broken-up tonnage ISL 1.2.1 By month 2003 and 2004 No 1000 dwt 23 20 18 44 39 38 28 17 23 22 28 705.2 341.8 306.3 1280.8 720.8 1356.9 1035.0 1292.0 929.0 732.0 987.2 1326.3 557.5 546.0 2435.6 1365.7 2526.7 1919.8 2585.7 1740.0 1388.7 1745.7 60 24 125 125 74 58 89 38 34 60 57 690.8 441.9 883.3 1434.6 465.6 703.5 1382.3 279.8 317.3 560.7 640.6 1003.6 561.7 1160.7 1988.5 661.9 917.1 1914.5 414.9 397.2 793.7 790.3 83 44 143 169 113 96 117 55 57 82 85 1395.9 783.7 1189.6 2715.5 1186.3 2060.4 2417.3 1571.8 1246.3 1292.8 1627.7 2329.9 1119.2 1706.6 4424.2 2027.6 3443.8 3834.3 3000.6 2137.2 2182.4 2536.0 -40.8 -52.0 52.5 159.2 -54.2 69.9 11.3 -21.7 -28.8 2.1 16.2 January February March 32 22 704.9 783.0 1232.0 1425.3 2140.9 1928.5 1533.6 908.9 503.2 408.2 1343.1 1164.7 794.8 638.2 381.6 368.3 122 71 25 90 49 50 75 1163.1 1941.8 -15.6 -9.9 0.7 April 23 585.0 993.7 35 264.8 255.7 58 849.8 1249.4 -35.7 Average 2004 26 716.9 1296.2 56 413.2 519.0 82 1130.2 1815.2 Avearge last 12 month 28 933.4 1741.1 63 619.8 829.5 92 1553.2 2570.6 Year/ Mid month 2003 February March April May June July August September October November December 2004 Dry cargo vessels 1000 No gt 1000 dwt Grand Total 1000 No gt Ships of 300 gt and over dwt-% change over prev. 1000 month dwt Tankers 1000 gt 1.2.2 By year of build and ship type during April 2004 Ships of 300 gt and over Tankers Year (1) No of (2) 1000 build up to 1962 1963 - 1967 1968 - 1972 1973 - 1977 1978 - 1982 1983 - 1987 1988 - 1992 1993 - 1997 1998 - 2003 Average age 32 Container General Passenger carriers ships cargo of which ships Single-deck Multi-deck ships ships 2 1.7 2 4.1 1 10.0 - 1 0.5 1 1.2 1 1.0 4 32.4 2 20.5 1 0.8 - dwt (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) 2 1.6 2 4.0 12 533.0 6 324.4 1 130.7 - (2) TOTAL Bulk 3 86.6 - 2 49.9 - 3 2.2 3 7.5 3 5.1 7 44.1 4 24.2 3 21.2 - ships dwt-% share TOTAL 3 8.1 3 4.5 1 2.3 - 6 10.3 8 13.6 7 59.0 22 663.7 11 350.9 4 151.9 - No 23 3 2 23 5 10 7 58 1000 dwt 993.7 86.6 49.9 104.3 15.8 56.4 14.9 1249.4 28.6 28.8 - 32.4 39.6 32.2 42.4 32.0 (Years) SSMR June 2004 of total 0.8 1.1 4.7 53.1 28.1 12.2 100.0 I - 1.2 Broken-up tonnage ISL 1.2.3 By major flags and ship type April 2004 Tankers (1) No (2) 1000 dwt Flag dwt - rank Bulk carriers Container ships General cargo ships Passenger ships of which Single-deck ships Multi-deck ships Ships of 300 gt and over dwt-% Av. share age of (years) TOTAL total (1) (2) 2 Liberia (1) (2) 3 Malta (1) (2) 4 US (1) (2) 5 Cyprus (1) (2) 6 India (1) (2) 7 China, PR of (1) (2) 8 Comoro Islands (1) (2) 9 Norway (1) (2) 10 Indonesia (1) (2) 11 Turkey (1) (2) 12 Iran (1) (2) 13 Romania (1) (2) 14 Singapore (1) (2) 15 Cambodia (1) (2) Others/ unk. (1) (2) TOTAL No (1) 4 172.7 3 226.4 2 119.6 1 122.8 1 90.8 1 89.5 3 60.0 1 32.4 1 30.0 1 25.6 1 16.3 4 7.7 23 1 34.5 1 27.3 1 24.9 3 2 49.9 2 3 20.4 2 9.0 1 15.2 2 1.8 1 24.6 2 4.1 12 29.2 23 2 4.1 3 11.7 5 1 5.3 1 15.2 2 1.8 1 24.6 5 9.5 10 1 0.3 2 7.8 1 1.4 3 5.4 7 8 227.5 3 226.4 5 129.0 1 122.8 3 98.7 1 89.5 3 65.2 3 60.0 1 32.4 4 30.4 1 30.0 1 25.6 1 24.9 1 24.6 3 20.4 19 42.3 58 1000 dwt (2) 993.7 86.6 49.9 104.3 15.8 56.4 14.9 1249.4 1 Panama 25.8 18.2 24.3 18.1 28.6 10.3 30.1 9.8 45.7 7.9 30.4 7.2 31.1 5.2 29.9 4.8 29.2 2.6 30.5 2.4 28.0 2.4 31.3 2.1 29.7 2.0 28.2 2.0 31.0 1.6 36.3 3.4 32.0 100.0 Note: Norway including NIS. 1.2.4 By country groups of registration and ship type April 2004 Ships of 300 gt and over Tankers Country groups of registration OECD (1) No (2) 1000 dwt Bulk carriers Container ships General cargo ships Passenger ships of which Single-deck ships Multi-deck ships dwt-% Av. share age of (years) TOTAL total (1) (2) (1) (2) (1) (2) (1) (2) 4 188.2 1 3.1 10 609.5 9 196.0 1 34.5 2 52.1 2 49.9 1 0.8 1 0.8 6 31.6 16 72 1 0.8 1 0.8 4 14.9 2 7.5 8 48.9 4 10.4 3 4.5 5 189.0 2 3.9 21 686.0 32 374.4 No (1) 1000 dwt (2) Dwt-% share of total 23 993.7 79.5 3 86.6 6.9 2 49.9 4.0 23 104.3 8.3 5 15.8 1.3 10 56.4 4.5 7 14.9 1.2 58 1249.4 100.0 of which EU Open registry flags Others TOTAL 32.5 15.1 37.7 0.3 29.0 54.9 33.8 30.0 32.0 100.0 Note: For definition of country groups compare "Definitions". (Source: ISL merchant fleet data bases, based on monthly updates from LR/Fairpaly) SSMR June 2004 33 I - 1.3 Special fleets - general cargo ships ISL 1.3.1 Total general cargo fleet 1.3.1.1 Fleet development by ship type as of January 1st, 2000 - 2004 Ships of 300 gt and over Ship type No of % share of 1000 % share of 1000 % share of 1000 % share of dwt-% change over Year ships total gt total dwt total TEU total previous year 8634 8734 8712 8650 8663 50.1 51.0 51.9 51.9 52.5 28105 28868 29154 29579 29841 31.5 32.0 33.0 32.9 33.4 40828 41846 42137 42603 42858 40.8 42.2 43.8 44.0 45.0 697 781 812 854 889 38.8 41.7 43.4 45.0 46.5 5.1 2.5 0.7 1.1 0.6 37.9 36.6 34.5 33.0 32.2 -5.2 -6.6 -9.4 -2.5 -6.1 2.8 2.9 2.9 2.9 3.0 -1.2 -1.2 -1.1 -2.0 -4.5 2.4 2.3 2.3 2.2 2.0 4.2 3.9 -2.0 2.9 2.5 15.5 15.9 15.9 16.2 16.3 3.8 2.2 0.7 10.5 0.4 100.0 100.0 100.0 100.0 100.0 1.8 -0.9 -3.1 0.7 -1.6 SINGLE - DECK SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 0.1 1.5 1.2 6.3 MULTI - DECK SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 REEFER SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 5018 4794 4512 4411 4232 29.0 28.0 27.0 26.4 25.7 -4.2 1321 1305 1290 1225 1173 25630 23985 21817 21361 20101 28.4 26.5 24.5 23.7 22.5 -5.9 7.7 7.8 7.8 7.4 7.1 -2.9 6960 6857 6780 6626 6283 35307 32967 29852 29112 27326 34.9 33.1 30.9 30.0 28.7 -6.2 7.9 7.8 7.7 7.5 7.0 -2.5 7386 7300 7220 7073 6758 713 697 659 638 615 -3.6 7.5 7.6 7.5 7.4 7.1 -2.2 53 55 55 56 57 2.0 SPECIAL SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 RO-RO CARGO SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 1121 1140 1128 1200 1239 6.6 6.8 6.8 7.3 7.5 2.5 1134 1142 1128 1182 1180 18702 20101 20091 20416 20926 21.2 22.8 22.8 23.1 23.4 2.8 6.6 6.8 6.8 7.2 7.2 1.0 9947 10394 10628 11799 12246 9388 9750 9554 9829 10075 9.5 10.1 10.0 10.4 10.6 1.8 11.1 11.8 12.0 13.3 13.7 5.3 7152 7311 7365 8137 8171 45 43 43 43 38 -4.0 7.2 7.6 7.7 8.6 8.6 3.4 289 297 301 308 311 1.9 TOTAL GENERAL CARGO FLEET 2000 2001 2002 2003 2004 Av. growth 2000-2004 34 17228 17115 16770 16668 16487 -1.1 100.0 100.0 100.0 100.0 100.0 89345 90205 88470 89781 89398 0.0 100.0 100.0 100.0 100.0 100.0 100061 99174 96128 96754 95187 -1.2 SSMR June 2004 100.0 100.0 100.0 100.0 100.0 1796 1874 1870 1899 1910 1.6 I - 1.3 Special fleets - general cargo ships ISL 1.3.1.2 Total general cargo fleet by ship type and registered flags according to regions as of January 1st, 2000 - 2004 Ships of 1000 gt and over Europe Ship Type Year North America Latin and South America Asia and Oceania Africa TOTAL No 1000 dwt No 1000 dwt No 1000 dwt No 1000 dwt No 1000 dwt No 1000 dwt SINGLE-DECK SHIPS 2000 2001 2002 2003 2004 2260 2325 2243 2202 2148 12372 12919 12555 12373 11724 8 9 10 13 16 43 48 51 89 118 1499 1487 1457 1450 1475 11962 11981 11955 11836 11948 1752 1808 1970 2088 2126 11074 11694 12469 13440 14408 108 125 124 114 122 2256 2106 2095 1989 1793 5627 5754 5804 5867 5887 37706 38749 39125 39726 39993 Av. growth 2000-2004 -1.3 -1.3 18.9 28.9 -0.4 0.0 5.0 6.8 3.1 -5.6 1.1 1.5 MULTI-DECK SHIPS 2000 2001 2002 2003 2004 953 870 752 678 636 6149 5517 4582 3998 3749 33 20 19 115 112 416 259 252 1477 1437 1302 1244 1151 1097 1056 9510 8629 7667 7078 6677 1636 1603 1597 1602 1569 15985 15516 14531 13999 13246 199 191 179 167 142 2217 2064 1893 1704 1411 4123 3928 3698 3659 3515 34278 31985 28924 28256 26520 Av. growth 2000-2004 -9.6 -11.6 35.7 36.3 -5.1 -8.5 -1.0 -4.6 -8.1 -10.7 -3.9 -6.2 258 240 221 224 243 1972 1818 1784 1851 2201 21 21 17 24 25 548 534 397 533 549 302 330 349 357 363 3737 4219 4331 4517 4441 244 244 234 245 250 2045 2046 1944 1902 2031 59 62 59 51 45 913 958 922 821 645 884 897 880 901 926 9215 9575 9377 9625 9867 -1.5 2.8 4.5 0.1 4.7 4.4 0.6 -0.2 -6.5 -8.3 1.2 1.7 238 233 228 230 220 1300 1324 1337 1385 1381 2 2 2 2 2 3 3 3 3 3 596 604 586 580 559 4021 4068 3987 3968 3809 219 199 217 208 185 1104 954 1000 936 787 98 97 91 82 86 838 830 776 688 685 1153 1135 1124 1102 1052 7266 7180 7103 6980 6665 Av. growth 2000-2004 -1.9 1.5 0.0 0.0 -1.6 -1.3 -4.1 -8.1 -3.2 -4.9 -2.3 -2.1 RO-RO CARGO SHIPS 2000 2001 2002 2003 2004 406 398 392 395 374 3633 3722 3787 3857 3806 13 14 14 44 47 172 178 178 865 912 214 222 218 227 240 1572 1624 1618 1702 1727 194 196 202 210 209 1321 1285 1302 1255 1282 55 58 53 48 42 282 328 312 282 260 882 888 879 924 912 6980 7138 7197 7960 7986 Av. growth 2000-2004 -2.0 1.2 37.9 51.8 2.9 2.4 1.9 -0.7 -6.5 -2.0 0.8 3.4 4115 4066 3836 3729 3621 25426 25301 24045 23463 22861 77 66 62 198 202 1181 1021 881 2968 3019 3913 3887 3761 3711 3693 30802 30522 29557 29100 28603 4045 4050 4220 4353 4339 31529 31495 31245 31532 31753 519 533 506 462 437 6505 6286 5999 5484 4794 12669 12602 12385 12453 12292 95444 94625 91727 92547 91030 -3.1 -2.6 27.3 26.4 -1.4 -1.8 1.8 0.2 -4.2 -7.3 -0.8 -1.2 SPECIAL SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 REEFER SHIPS 2000 2001 2002 2003 2004 TOTAL GENERAL CARGO SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 Continued SSMR June 2004 35 I - 1.3 Special fleets - general cargo ships ISL 1.3.1.3 Total general cargo fleet by ship type and countries of domicile according to regions as of January 1st, 2000 - 2004 Ships of 1000 gt and over Europe Ship Type North America Year Latin and South Asia and Oceania America Africa Unknown TOTAL No 1000 dwt No 1000 dwt No 1000 dwt No 1000 dwt No 1000 dwt No 1000 dwt No 1000 dwt 2765 2862 2878 2849 2802 19058 19685 19823 20145 19918 42 43 39 52 49 578 549 402 491 456 61 55 57 56 63 582 503 679 656 635 1729 1707 1734 1682 1710 13143 13040 13194 12588 13360 32 31 32 33 30 233 233 244 252 206 998 1056 1064 1195 1233 4113 4738 4783 5594 5417 5627 5754 5804 5867 5887 37706 38749 39125 39726 39993 0.3 1.1 3.9 -5.8 0.8 2.2 -0.3 0.4 -1.6 -3.0 5.4 7.1 1.1 1.5 MULTI-DECK SHIPS 2000 2001 2002 2003 2004 1725 1594 1437 1296 1191 14176 12450 10890 9720 8676 61 53 47 138 133 560 501 416 1597 1535 86 83 74 65 71 763 670 624 500 503 1408 1357 1277 1231 1238 13270 12708 11604 11068 10940 117 111 98 85 78 1110 983 826 706 654 726 730 765 844 804 4398 4673 4566 4665 4212 4123 3928 3698 3659 3515 34278 31985 28924 28256 26520 Av. growth 2000-2004 -8.8 -11.6 21.5 28.7 -4.7 -9.9 -3.2 -4.7 -9.6 -12.4 2.6 -1.1 -3.9 -6.2 350 347 326 329 350 3704 3785 3655 3628 3858 30 33 26 34 34 795 809 628 697 730 15 9 10 10 9 164 87 89 89 78 421 439 442 434 442 4326 4562 4531 4580 4739 2 3 3 4 5 3 5 5 7 13 66 66 73 90 86 223 326 468 624 449 884 897 880 901 926 9215 9575 9377 9625 9867 0.0 1.0 3.2 -2.1 -12.0 -17.0 1.2 2.3 25.7 48.3 6.8 19.1 1.2 1.7 598 565 600 593 585 4250 4048 4337 4298 4341 29 26 25 24 22 273 254 228 210 193 16 16 15 12 11 88 88 74 54 50 342 340 312 296 287 1946 1951 1735 1626 1511 19 15 13 10 7 78 52 46 33 21 149 173 159 167 140 631 787 684 758 550 1153 1135 1124 1102 1052 7266 7180 7103 6980 6665 Av. growth 2000-2004 -0.5 0.5 -6.7 -8.3 -8.9 -13.2 -4.3 -6.1 -22.1 -28.3 -1.5 -3.4 -2.3 -2.1 RO-RO CARGO SHIPS 2000 2001 2002 2003 2004 492 490 477 472 442 4511 4691 4767 4728 4517 44 41 45 80 78 397 332 334 1065 1085 15 19 15 14 11 166 177 161 162 164 180 183 188 200 210 1267 1306 1339 1384 1486 36 36 33 30 25 119 118 117 95 83 115 119 121 128 146 520 514 478 526 651 882 888 879 924 912 6980 7138 7197 7960 7986 Av. growth 2000-2004 -2.6 0.0 15.4 28.5 -7.5 -0.2 3.9 4.1 -8.7 -8.6 6.1 5.8 0.8 3.4 5930 5858 5718 5539 5370 45698 44658 43471 42519 41310 206 196 182 328 316 2603 2444 2008 4060 3999 193 182 171 157 165 1763 1525 1627 1461 1430 4080 4026 3953 3843 3887 33953 33568 32404 31245 32036 206 196 179 162 145 1542 1391 1239 1093 976 2054 2144 2182 2424 2409 9885 11038 10979 12168 11279 12669 12602 12385 12453 12292 95444 94625 91727 92547 91030 -2.4 -2.5 11.3 11.3 -3.8 -5.1 -1.2 -1.4 -8.4 -10.8 4.1 3.4 -0.8 -1.2 SINGLE-DECK SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 SPECIAL SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 REEFER SHIPS 2000 2001 2002 2003 2004 TOTAL GENERAL CARGO SHIPS 2000 2001 2002 2003 2004 Av. growth 2000-2004 36 SSMR June 2004 I - 1.3 Special fleets - general cargo ships ISL 1.3.1.4 Total general cargo fleet by ship type and top ten countries of domicile as of January 1st, 2004 Ships of 1000 gt and over Ship type No of 1000 1000 1000 Country ships gt dwt TEU Norway Germany, FR of Russia China, PR of Japan Greece Netherlands Turkey Hong Kong Korea, Rep. of Others 200 632 938 395 224 153 265 182 51 155 2692 3579 3161 2840 2024 1733 1273 980 727 645 514 10817 5180 4370 3386 2903 2572 1900 1357 1081 982 747 15514 166 241 34 35 8 41 65 20 16 3 257 TOTAL 2004 TOTAL 2003 Change over previous year 5887 5867 28293 28029 39993 39726 887 852 0.3 0.9 0.7 4.1 Japan Norway US Greece Sweden Netherlands Korea, Rep. of Russia China, PR of Denmark Others 314 82 33 55 35 46 34 50 20 25 232 9352 2534 1045 1193 1475 628 1084 372 153 441 2460 3451 1121 725 629 629 534 437 298 200 153 1689 8 1 5 0 12 0 1 1 0 9 TOTAL 2004 TOTAL 2003 Change over previous year 926 901 20737 20238 9867 9625 37 42 2.8 2.5 2.5 -11.3 Italy US Norway Japan Germany, FR of Sweden UK Finland Greece France Others 64 69 56 89 52 30 25 29 31 16 451 2032 1288 1227 1088 539 419 386 349 444 249 4075 1182 1002 843 657 412 273 227 223 219 193 2755 55 47 27 2 24 9 9 9 5 9 112 TOTAL 2004 TOTAL 2003 Change over previous year 912 924 12097 11657 7986 7960 309 307 -1.3 3.8 0.3 0.8 dwt-% Ship type share of total Country SINGLE-DECK SHIPS No of 1000 1000 1000 ships gt dwt TEU dwt-% share of total 465 200 344 128 93 95 81 45 133 67 1864 3187 1879 1281 1160 444 460 502 425 452 403 9450 4403 2590 1633 1465 654 634 627 612 588 549 12765 51 67 79 16 32 18 19 12 15 6 297 16.6 9.8 6.2 5.5 2.5 2.4 2.4 2.3 2.2 2.1 48.1 3515 3659 19644 20882 26520 28256 612 635 100.0 -3.9 -5.9 -6.1 -3.6 146 139 77 52 64 27 29 22 23 50 423 995 837 535 471 445 293 228 189 198 204 1809 1056 916 574 511 494 324 242 193 186 185 1985 5 5 6 5 7 8 4 2 2 1 12 15.8 13.7 8.6 7.7 7.4 4.9 3.6 2.9 2.8 2.8 29.8 1052 1102 6203 6545 6665 6980 57 56 100.0 -4.5 -5.2 -4.5 1.6 497 833 935 1069 585 1131 281 495 133 112 6221 8245 13413 5565 5346 5785 4007 3947 2752 2672 1242 34000 8272 8146 7717 6753 6394 4562 3739 3216 2017 1723 38491 219 29 89 352 118 59 83 117 77 29 729 9.1 8.9 8.5 7.4 7.0 5.0 4.1 3.5 2.2 1.9 42.3 12292 12453 86974 87352 91030 92547 1902 1892 100.0 -1.3 -0.4 -1.6 0.6 MULTI-DECK SHIPS 13.0 10.9 8.5 7.3 6.4 4.8 3.4 2.7 2.5 1.9 38.8 China, PR of Greece Germany, FR of US Netherlands Norway Russia Hong Kong Indonesia Japan Others 100.0 TOTAL 2004 TOTAL 2003 Change over previous year SPECIAL SHIPS REEFER SHIPS 35.0 11.4 7.4 6.4 6.4 5.4 4.4 3.0 2.0 1.6 17.1 Greece Japan Netherlands UK Norway Denmark Germany, FR of US Latvia Russia Others 100.0 TOTAL 2004 TOTAL 2003 Change over previous year RO-RO CARGO SHIPS TOTAL GENERAL CARGO SHIPS 14.8 12.6 10.6 8.2 5.2 3.4 2.8 2.8 2.7 2.4 34.5 Norway Japan China, PR of Germany, FR of Greece Russia US Netherlands Italy Hong Kong Others 100.0 TOTAL 2004 TOTAL 2003 Change over previous year Note: Others incl. unknown Continued SSMR June 2004 37 I - 1.3 Special fleets - general cargo ships ISL Fig. I- 1: Fleet development as of January 1st, 1988 - 2004 (Index 1988 = 100) (a) 180 175 Deadweight tonnage 150 150 120 125 90 100 60 75 Number of ships 50 30 88 90 92 94 96 98 00 02 04 Single-deck ships 88 90 92 Multi-deck ships 94 96 98 Others 00 02 04 Total Fig. I- 2: General cargo fleet - annual tonnage changes as of January 1st, 1996 - 2004 12.0 7.6 8.0 5.9 3.5 3.5 4.0 % 3.4 5.1 3.7 2.4 2.5 0.7 1.1 0.0 175 150 125 100 -2.5 75 50 -2.1 -4.0 1.1 1.0 0.6 -2.2 -5.2 -8.0 -7.2 -6.7 1.8 -0.1 -0.9 -3.0 -6.191 94 97 -6.6 -9.4 -12.0 96 97 98 99 00 01 02 03 04 Single-deck ships 96 97 98 99 00 01 02 03 04 Multi-deck ships 96 97 98 99 00 01 02 03 04 Other general cargo ships 1000 8000 750 6000 500 4000 250 2000 0 1000 dwt No of ships Fig. I- 3: General cargo fleet - age structure by year of build as of January 1st, 2004 (a) 0 1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 No of ships dwt (a) Only General cargo ships built after 1966 are included. General Cargo ships built before 1966 comprise 1475 ships with a tonnage of 3.64 mill dwt Note: Fig. I-1 - I-3: ships of 300 gt and over 38 ISL 2004 SSMR June 2004 I - 1.3 Special fleets - general cargo ships ISL 1.3.1.5 Total general cargo fleet by registered flags according to country groups and division of age as of January 1st, 2004 Ships of 1000 gt and over Country group (2) 1000 dwt OECD Av. age (1) No up to 1978 1979-1983 1984-1988 1989-1993 1994-1998 1999-2003 TOTAL (1) 625 386 393 371 382 436 2593 (2) 4670 3139 3560 2085 2780 3773 20007 (years) 17.4 of which EU Open Registry Developing Countries Others TOTAL (1) 245 193 198 245 278 335 1494 (2) 1137 1489 1659 1383 1832 2731 10230 (1) 951 877 732 570 640 417 4187 (2) 7028 8409 7133 4162 6777 4821 38331 (1) 1955 717 425 237 155 82 3571 (2) 10940 4746 2744 1319 1138 797 21684 (1) 836 359 333 196 150 67 1941 (2) 3823 2092 1746 1089 1407 852 11009 (1) 4367 2339 1883 1374 1327 1002 12292 (2) 26462 18386 15183 8655 12102 10243 91030 29.1 20.2 16.7 9.5 13.3 11.3 100.0 dwt-% share of total 14.2 17.8 25.8 23.1 20.9 1.3.1.6 Total general cargo fleet by countries of domicile according to country groups and division of age as of January 1st, 2004 Ships of 1000 gt and over Country group (2) 1000 dwt OECD Av. age (1) No up to 1978 1979-1983 1984-1988 1989-1993 1994-1998 1999-2003 TOTAL (1) 1027 944 965 796 933 779 5444 (2) 8266 9340 9738 5280 8893 8177 49694 (1) 517 548 512 499 531 528 3135 24534 (years) 16.5 of which EU Open Registry Developing Countries Others Unknown TOTAL dwt-% share of total (2) 3176 5314 4346 3235 3861 4603 (1) 29 9 18 14 9 3 82 (2) 506 116 115 105 175 36 1054 (1) 1144 519 281 186 132 66 2328 (2) 8278 4129 2293 1176 1082 806 17764 (1) 805 429 360 241 134 60 2029 (2) 3685 2493 1837 1398 1197 629 11240 (1) 1362 438 259 137 119 94 2409 (2) 5726 2310 1198 696 755 594 11279 (1) 4367 2339 1883 1374 1327 1002 12292 (2) 26462 18386 15183 8655 12102 10243 91030 29.1 20.2 16.7 9.5 13.3 11.3 100.0 15.5 19.9 24.5 22.7 25.7 20.9 Continued SSMR June 2004 39 I - 1.3 Special fleets - general cargo ships ISL 1.3.2 General cargo single-deck fleet 1.3.2.1 By major flags as of January 1st, 2003 and 2004 Ships of 300 gt and over Flag January 1st, 2003 dwt-rank '04 ('03) 1 2 3 4 5 (1) (2) (3) (5) (7) 6 7 (4) (6) 8 9 10 11 12 13 14 15 16 17 18 19 20 (10) (8) (9) (14) (13) (12) (11) (17) (15) (16) (23) (20) (19) Panama Bahamas Russia China, PR of Netherlands (Total) - Netherlands Antilles Malta Norway (Total) - Norway (NIS) - Norway (NOR) Antigua & Barbuda Liberia Cyprus Singapore Saint Vincent Indonesia Cambodia Hong Kong (SAR) Japan Turkey Marshall Islands Thailand Korea, Rep. of Others TOTAL January 1st, 2004 No 1000 gt 1000 dwt 1000 TEU dwt-% share No 1000 gt 1000 dwt 1000 TEU dwt-% share dwt-% change over prev.year 655 189 955 434 398 45 252 114 73 41 314 64 194 64 233 422 376 45 702 324 19 93 204 2599 3151 2819 2675 1450 1352 130 1571 1332 1306 26 1038 1084 1054 757 828 785 918 551 434 677 335 378 452 5940 4595 4036 3155 2108 1901 187 2187 1980 1948 32 1406 1645 1456 1087 1207 1219 1268 844 1071 1063 498 607 732 8538 39 134 26 15 89 8 53 66 66 0 80 53 45 33 14 2 4 13 1 11 19 4 4 148 10.8 9.5 7.4 4.9 4.5 9.8 5.1 4.6 4.6 0.1 3.3 3.9 3.4 2.6 2.8 2.9 3.0 2.0 2.5 2.5 1.2 1.4 1.7 20.0 628 173 931 441 402 56 232 104 64 40 339 54 174 65 228 419 333 55 676 319 31 101 207 2751 3011 2706 2587 1482 1366 168 1333 1117 1093 24 1161 925 956 934 855 745 826 722 418 643 591 509 477 6478 4404 3873 3054 2156 1909 242 1838 1686 1656 30 1575 1409 1318 1304 1238 1152 1141 1094 1038 1013 835 792 725 9305 38 129 27 15 89 11 44 54 54 0 92 46 44 42 19 2 5 18 1 11 39 11 3 161 10.3 9.0 7.1 5.0 4.5 8.2 4.3 3.9 3.9 0.1 3.7 3.3 3.1 3.0 2.9 2.7 2.7 2.6 2.4 2.4 1.9 1.8 1.7 21.7 -4.1 -4.1 -3.2 2.2 0.4 29.4 -16.0 -14.9 -15.0 -6.5 12.0 -14.3 -9.5 20.0 2.6 -5.5 -10.0 29.7 -3.1 -4.8 67.9 30.4 -0.9 9.0 8650 29579 42603 854 100.0 8663 29841 42858 889 100.0 0.6 1.3.2.2 By size class and division of age as of January 1st, 2004 (1) No (2) 1000 dwt Dwt-size class < = 2500 5000 7500 10000 12500 15000 20000 25000 30000 35000 40000 > TOTAL 40 = 2499 4999 7499 9999 12499 14999 19999 24999 29999 34999 39999 44999 45000 up to 1978 Division of age (year of build) 1979 1984 1989 1994 - 1983 - 1988 - 1993 - 1998 1999 - 2003 Total (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) 1749 2020 827 2820 416 2466 115 969 63 689 9 121 28 483 12 275 17 468 5 160 10 384 9 394 4 185 536 673 317 1085 176 1081 43 365 17 194 4 55 7 120 34 780 10 265 6 192 13 504 8 342 1 49 542 711 226 793 140 855 25 218 10 117 10 141 20 352 20 462 11 307 12 380 11 423 25 1057 7 320 522 739 366 1304 148 913 24 201 5 52 9 123 17 289 5 113 6 165 3 127 5 235 497 724 359 1390 185 1137 118 1026 23 251 4 53 15 263 26 598 27 769 6 195 2 78 19 825 33 1616 121 188 234 885 122 737 105 916 41 453 10 133 29 508 27 576 12 337 17 524 8 304 4 170 14 664 3967 5055 2329 8276 1187 7190 430 3696 159 1756 46 627 116 2017 124 2804 83 2312 46 1450 44 1693 68 2914 64 3069 (1) (2) 3264 11435 1172 5705 1059 6137 1110 4262 1314 8925 744 6394 8663 42858 SSMR June 2004 Ships of 300 gt and over dwt-% average share of age (years) total 24.8 11.8 19.7 19.3 19.5 16.8 14.5 8.6 17.3 4.1 15.7 1.5 14.5 4.7 14.4 6.5 14.6 5.4 12.2 3.4 18.4 3.9 15.8 6.8 8.9 7.2 21.3 100.0 I - 1.3 Special fleets - general cargo ships 1.3.3 ISL General cargo multi-deck fleet 1.3.3.1 By major flags as of January 1st, 2003 and 2004 Ships of 300 gt and over January 1st, 2003 No 1000 gt 1000 dwt 1000 TEU dwt-% share No 1000 gt 1000 dwt 1000 TEU dwt-% share dwt-% change over prev.year 430 384 190 112 222 106 272 255 117 45 33 49 91 17 143 36 48 92 51 40 30 10 35 1660 2675 2150 1727 1146 1151 829 744 658 715 628 406 438 456 78 529 436 289 297 234 196 172 24 331 5326 3713 2952 2302 1443 1575 1087 943 887 913 850 580 645 658 96 726 604 431 462 349 251 221 30 467 7275 30 55 69 14 32 31 52 18 33 30 13 9 34 4 11 16 4 6 3 11 10 1 14 151 12.8 10.1 7.9 5.0 5.4 3.7 3.2 3.0 3.1 2.9 2.0 2.2 2.3 0.3 2.5 2.1 1.5 1.6 1.2 0.9 0.8 0.1 1.6 25.0 430 390 152 109 202 100 255 254 92 40 40 49 90 20 123 32 74 86 51 51 32 19 26 1586 2689 2175 1388 1116 975 773 684 642 562 521 476 449 444 85 406 389 345 276 233 273 192 80 244 5040 3736 2979 1854 1402 1342 1018 872 864 737 708 661 653 638 105 554 539 504 431 350 345 248 97 341 6796 32 56 56 14 29 31 48 18 29 25 15 12 34 5 10 16 6 5 3 16 12 4 11 151 13.7 10.9 6.8 5.1 4.9 3.7 3.2 3.2 2.7 2.6 2.4 2.4 2.3 0.4 2.0 2.0 1.8 1.6 1.3 1.3 0.9 0.4 1.2 24.9 0.6 0.9 -19.5 -2.8 -14.8 -6.3 -7.5 -2.6 -19.3 -16.7 14.0 1.3 -3.0 9.1 -23.6 -10.9 16.8 -6.8 0.3 37.5 12.3 223.0 -26.9 -6.6 4411 21361 29112 638 100.0 4232 20101 27326 615 100.0 -6.1 Flag dwt-rank '04 ('03) 1 2 3 4 5 6 7 8 9 10 11 12 13 (1) (2) (3) (5) (4) (6) (7) (9) (8) (10) (15) (13) (12) 14 15 16 17 18 19 (11) (14) (18) (17) (21) (28) 20 (16) China, PR of Panama Cyprus US Saint Vincent Malta Antigua & Barbuda Indonesia Bahamas Liberia Hong Kong (SAR) Thailand Netherlands (Total) - Netherlands Antilles Cambodia Iran Korea, DPR of Turkey Viet Nam UK (Total) -Isle of Man -UK Singapore Others TOTAL January 1st, 2004 (a) (a) Please note, that the strong increase of the US flleet is due to a reactivation of parts of the reserve fleet in May 2003. 1.3.3.2 By size class and division of age as of January 1st, 2004 Ships of 300 gt and over (1) No (2) 1000 dwt Dwt-size class < = 2500 5000 7500 10000 12500 15000 20000 25000 30000 35000 > TOTAL = 2499 4999 7499 9999 12499 14999 19999 24999 29999 34999 39999 40000 up to 1978 Division of age (year of build) 1994 1979 1984 1989 - 1998 - 1983 - 1988 - 1993 25 40 37 145 34 213 20 167 3 34 9 115 3 50 13 299 - 2 3 11 69 23 200 6 68 2 37 5 115 - 1529 2179 958 3391 413 2611 321 2731 146 1653 277 3809 414 6938 154 3424 15 407 2 63 1 37 2 83 651 291 144 49 4232 4427 1839 1063 493 27325.74 1020 1368 466 1626 136 867 110 919 90 1006 161 2222 158 2588 48 1059 8 219 - 193 306 214 772 106 664 73 613 28 323 73 1002 158 2669 47 1056 6 161 2 63 - 211 344 152 533 84 527 64 558 4 44 30 417 76 1297 26 559 1 26 1 37 2 83 (1) 2197 900 11874 7630 dwt-% average share of age (years) total Total 78 118 89 315 42 271 31 274 15 177 4 53 17 296 15 335 - (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (2) 1999 - 2003 29.9 8.0 24.6 12.4 22.0 9.6 21.1 10.0 31.0 6.0 28.8 13.9 23.3 25.4 20.5 12.5 23.7 1.5 24.5 0.2 19.9 0.1 19.7 0.3 26.2 100.0 Continued SSMR June 2004 41 I 1.3 Special fleets - general cargo ships ISL 1.3.4 Fleet of special general cargo ships 1.3.4.1 By major flags as of January 1st, 2003 and 2004 Ships of 300 gt and over January 1st, 2003 No 1000 gt 1000 dwt 1000 TEU dwt-% share No 1000 gt 1000 dwt 1000 TEU dwt-% share dwt-% change over prev.year 294 91 44 47 47 24 43 35 19 110 23 135 32 27 16 5 5 20 15 30 6 18 10 214 9257 1244 1156 89 1682 689 1200 397 191 860 961 419 931 394 124 186 132 294 171 82 262 273 46 810 3824 487 435 52 816 529 506 451 241 415 374 325 397 176 154 75 135 126 109 87 91 124 49 578 11 1 0 0 6 1 2 10 3 1 1 1 1 0 1 0 0 1 0 1 4 38.9 5.0 4.4 0.5 8.3 5.4 5.2 4.6 2.4 4.2 3.8 3.3 4.0 1.8 1.6 0.8 1.4 1.3 1.1 0.9 0.9 1.3 0.5 5.9 297 103 53 50 40 25 44 34 17 105 24 148 24 29 23 8 4 17 15 31 6 12 19 231 9239 1654 1565 89 1439 738 1218 427 202 933 1018 472 744 429 159 268 122 283 171 92 262 175 80 1003 3766 708 655 54 639 545 530 489 227 429 397 371 315 198 188 180 125 116 109 95 91 87 79 617 8 1 0 0 3 4 2 10 3 0 1 1 0 0 1 0 1 1 5 37.4 7.0 6.5 0.5 6.3 5.4 5.3 4.9 2.3 4.3 3.9 3.7 3.1 2.0 1.9 1.8 1.2 1.2 1.1 0.9 0.9 0.9 0.8 6.1 -1.5 45.5 50.6 2.7 -21.7 3.0 4.6 8.6 -5.5 3.4 6.2 13.8 -20.6 12.8 21.9 139.9 -7.6 -7.9 8.6 -29.6 62.5 6.8 1200 20416 9829 43 100.0 1239 20926 10075 38 100.0 2.5 Flag dwt-rank 04 ('03) 1 2 (1) (5) 3 4 5 6 (2) (3) (4) (6) 7 8 9 10 11 12 13 14 15 16 17 18 19 20 (7) (9) (10) (8) (11) (12) (19) (13) (14) (16) (18) (17) (15) (21) Panama Norway (Total) - Norway (NIS) - Norway (NOR) Liberia US Singapore Netherlands (Total) - Netherlands Antilles Japan Sweden Russia Bahamas Philippines Saint Vincent Marshall Islands Kuwait Malta Cyprus China, PR of Vanuatu Korea, Rep. of Belize Others TOTAL January 1st, 2004 1.3.4.2 By size class and division of age as of January 1st, 2004 Ships of 300 gt and over Dwt-size class < = 2500 5000 7500 - 10000 12500 15000 20000 25000 30000 35000 40000 > TOTAL 42 = 2499 4999 7499 9999 12499 14999 19999 24999 29999 34999 39999 44999 45000 (1) No (2) 1000 dwt (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) up to 1978 220 217 43 137 13 73 20 177 24 271 17 237 7 126 1 23 3 80 4 128 5 195 3 128 5 324 Division of age (year of build) 1979 1984 1989 1994 - 1983 - 1988 - 1993 - 1998 65 73 32 114 17 104 18 170 37 415 31 417 26 444 3 66 4 113 4 124 1 41 - 54 45 29 107 5 33 27 249 18 206 42 574 40 660 10 222 6 165 3 100 3 132 1 48 52 47 27 92 8 43 14 127 4 46 5 70 9 151 2 58 1 41 - 34 30 22 82 10 65 6 51 5 60 21 292 16 262 15 326 - 1999 - 2003 43 29 17 58 12 77 3 26 9 97 11 150 30 514 20 430 2 114 Total 468 441 170 589 65 395 88 800 97 1095 127 1740 128 2156 49 1067 15 416 11 352 5 195 8 341 8 486 (1) 365 238 238 122 129 147 1239 (2) 2116 2080 2542 675 1168 1495 10075 SSMR June 2004 dwt-% average share of age (years) total 23.6 4.4 18.6 5.8 16.6 3.9 18.8 7.9 20.9 10.9 17.0 17.3 13.9 21.4 9.0 10.6 20.8 4.1 24.5 3.5 34.5 1.9 23.4 3.4 22.9 4.8 19.7 100.0 I - 1.3 Special fleets - general cargo ships ISL 1.3.5 General cargo reefer ships 1.3.5.1 By major flags as of January 1st, 2003 and 2004 Ships of 300 gt and over Flag January 1st, 2003 No 1000 gt 1000 dwt 1000 TEU dwt-% share No 1000 gt 1000 dwt 1000 TEU dwt-% share dwt-% change over prev.year 324 131 63 55 26 48 36 46 49 66 4 4 15 15 12 3 69 27 7 1 18 16 4 7 224 1674 1133 603 390 188 354 334 251 294 265 20 20 159 106 102 4 96 84 50 12 45 47 53 54 602 1802 1206 621 409 192 358 371 264 334 223 24 24 176 130 126 4 107 97 53 11 58 57 52 57 662 8 14 10 5 2 2 2 1 1 0 0 0 2 3 3 0 0 0 1 0 2 0 4 25.5 17.1 8.8 5.8 2.7 5.1 5.2 3.7 4.7 3.2 0.3 0.3 2.5 1.8 1.8 0.1 1.5 1.4 0.8 0.2 0.8 0.8 0.7 0.8 9.4 313 127 67 58 29 46 33 46 30 49 18 2 16 11 11 10 1 65 27 8 5 18 15 4 6 216 1569 1122 595 426 207 357 309 277 177 160 115 10 105 111 92 91 1 93 82 58 50 43 45 53 48 499 1705 1195 621 442 211 362 340 295 199 143 133 12 121 131 114 114 1 105 96 61 56 53 53 52 50 552 8 14 9 6 2 2 2 1 1 0 1 0 1 2 3 3 0 0 1 1 0 2 0 3 25.2 17.7 9.2 6.5 3.1 5.4 5.0 4.4 3.0 2.1 2.0 0.2 1.8 1.9 1.7 1.7 0.0 1.6 1.4 0.9 0.8 0.8 0.8 0.8 0.7 8.2 -5.4 -0.9 -0.1 7.9 10.1 1.1 -8.4 11.8 -40.2 -36.0 447.3 ... 397.0 -25.9 -12.0 -9.7 -83.2 -2.2 -1.1 14.5 392.9 -7.2 -6.0 -12.6 -16.6 1225 6626 7073 56 100.0 1173 6283 6758 57 100.0 -4.5 dwt-rank '04 ('03) 1 2 3 4 (1) (2) (3) (4) 5 (6) 6 (5) 7 (8) 8 (7) 9 (9) 10 (28) 11 (10) 12 (11) 13 14 15 16 17 18 19 20 (12) (13) (18) (34) (15) (17) (19) (16) Panama Bahamas Liberia Netherlands (Total) - Netherlands Antilles Malta Cayman Islands Saint Vincent Cyprus Russia UK (Total) - Isle of Man - UK Bermuda Denmark (Total) - Denmark (DIS) - Denmark (DOR) China, PR of Philippines Antigua & Barbuda Marshall Islands Korea, Rep. of Lithuania Italy Vanuatu Others TOTAL January 1st, 2004 1.3.5.2 By size class and division of age as of January 1st, 2004 Ships of 300 gt and over Dwt-size class < = 2500 5000 7500 - 10000 12500 > TOTAL - 2499 4999 7499 9999 12499 14999 15000 (1) No (2) 1000 dwt up to 1978 Division of age (year of build) 1979 1984 1994 1989 - 1983 - 1988 - 1998 - 1993 1999 - 2003 Total (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) 163 209 57 207 16 94 13 115 19 212 3 38 3 47 86 132 68 253 38 235 44 395 19 212 4 52 6 91 55 81 39 149 69 442 26 226 32 356 14 196 1 19 16 20 27 103 89 548 38 327 45 492 22 296 4 68 15 20 18 69 25 152 16 138 32 337 2 27 - 8 8 3 13 5 27 12 106 13 143 8 105 - 343 470 212 794 242 1497 149 1306 160 1751 53 714 14 225 (1) 274 265 236 241 108 49 1173 (2) 922 1371 1468 1852 742 402 6758 dwt-% average share of age (years) total 26.2 7.0 21.3 11.8 15.8 22.2 16.4 19.3 14.9 25.9 14.0 10.6 22.2 3.3 19.8 100.0 Continued SSMR June 2004 43 I - 1.3 Special fleets - general cargo ships 1.3.6 ISL Ro-Ro cargo fleet 1.3.6.1 By major flags as of January 1st, 2003 and 2004 Flag January 1st, 2003 dwt-rank '04 ('03) 1 2 3 4 (2) (1) (4) (3) 5 6 (5) (7) 7 8 9 10 11 12 13 14 15 16 17 (6) (8) (12) (9) (10) (14) (13) (17) (11) (15) (18) 18 (16) 19 (20) 20 (19) Ships of 300 gt and over dwt-% change 1000 dwt-% over TEU share prev.year No 1000 gt 1000 dwt 1000 TEU dwt-% share No 1000 gt 1000 dwt 60 39 112 42 35 7 41 45 14 31 45 63 10 31 33 20 34 12 37 12 23 7 22 45 27 429 1492 1019 998 1017 989 27 833 670 179 491 688 360 195 320 330 319 231 157 309 229 249 21 228 118 160 1876 827 828 650 755 738 17 556 414 126 287 438 254 184 225 201 178 178 153 190 161 147 17 161 113 131 1392 35 40 15 18 18 0 22 18 9 8 19 2 10 10 10 10 8 10 7 9 2 1 8 0 9 46 10.2 10.2 8.0 9.3 9.1 0.2 6.8 5.1 1.6 3.5 5.4 3.1 2.3 2.8 2.5 2.2 2.2 1.9 2.3 2.0 1.8 0.2 2.0 1.4 1.6 17.1 63 41 128 45 35 10 40 45 13 32 37 62 10 27 27 21 33 13 31 10 20 7 16 45 22 444 1674 1150 1253 949 920 29 985 622 117 505 628 371 199 259 288 304 223 158 249 202 211 21 163 116 131 2114 906 873 761 679 659 20 672 391 88 303 327 252 187 185 182 167 166 153 153 147 124 17 117 112 109 1507 39 40 17 21 21 0 28 17 7 9 10 2 10 8 10 9 8 10 5 8 2 1 5 0 7 54 11.1 10.7 9.3 8.3 8.1 0.2 8.2 4.8 1.1 3.7 4.0 3.1 2.3 2.3 2.2 2.0 2.0 1.9 1.9 1.8 1.5 0.2 1.4 1.4 1.3 18.4 9.5 5.4 17.1 -10.1 -10.8 16.3 20.8 -5.6 -30.4 5.4 -25.3 -1.0 1.7 -17.6 -9.5 -5.9 -6.8 0.2 -19.5 -8.7 -15.4 -27.2 -1.1 -17.0 8.3 1182 11799 8137 308 100.0 1180 12246 8171 311 100.0 0.4 Italy US Panama Norway (Total) - Norway (NIS) - Norway (NOR) Sweden UK (Total) - Isle of Man - UK Bahamas Japan Saudi Arabia Finland Malta Turkey Saint Vincent Brazil Spain Liberia Netherlands (Total) - Netherlands Antilles Cyprus Philippines Antigua & Barbuda Others TOTAL January 1st, 2004 1.3.6.2 By size class and division of age as of January 1st, 2004 Ships of 300 gt and over (1) No Dwt-size class < = 2500 5000 7500 10000 12500 15000 20000 25000 30000 35000 > TOTAL = 2499 4999 7499 9999 12499 14999 19999 24999 29999 34999 39999 40000 (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) up to 1978 177 193 95 341 28 169 24 218 9 97 13 179 16 270 18 399 2 57 4 125 - (1) (2) 386 2050 (2) 1000 dwt Division of age (year of build) 1979 1984 1989 1994 - 1983 - 1988 - 1993 - 1998 40 72 32 50 28 70 27 42 27 74 37 11 102 277 149 46 19 33 28 23 115 212 173 137 9 17 14 24 75 147 126 208 4 13 6 11 45 143 66 127 4 12 5 6 54 166 69 81 6 4 3 2 105 69 54 37 12 2 2 268 43 48 6 2 2 168 55 52 8 2 260 67 7 5 1 297 258 49 258 2078 134 1022 111 591 Source: ISL merchant fleet data bases; based on quarterly updates from LR/Fairplay 44 SSMR June 2004 132 827 1999 - 2003 28 24 10 41 38 251 22 199 11 127 18 241 17 300 6 133 5 131 4 156 159 1603 Total 399 384 254 957 169 1057 110 974 54 607 58 790 48 835 40 891 17 463 14 453 4 156 13 604 1180 8171 dwt-% share of total average age (years) 22.9 4.7 22.6 11.7 15.2 12.9 14.8 11.9 15.2 7.4 14.7 9.7 14.2 10.2 21.4 10.9 14.6 5.7 22.6 6 3.3 1.9 19.7 7.4 19.6 100 I - 1.3 Special fleets - container ships 1.3.7 ISL Fully cellular container fleet 1.3.7.1 Fleet development as of January 1st, 1995-2004 Ships of 300 gt and over No of ships Year January 1st % share of world fleet 1000 gt % share of world fleet 1000 dwt % share of world fleet 1000 TEU % share of world fleet TEU-% change over prev. period 1995 1590 4.4 34859 8.0 38851 5.7 2355 56.6 15.3 1996 1747 4.7 38519 8.4 43234 6.2 2679 58.8 13.8 1997 1930 5.1 42770 9.0 48205 6.7 3053 61.5 14.0 1998 2170 5.6 48479 9.9 55068 7.4 3557 64.8 16.5 1999 2363 8.1 52935 10.7 60709 8.1 4017 66.8 12.9 2000 2437 8.3 55101 10.7 63296 8.1 4273 67.6 6.4 2001 2564 6.6 59837 11.5 68715 8.8 4674 68.7 9.4 2002 2726 7.0 66402 12.4 76131 9.5 5288 71.4 13.1 2003 2905 7.4 72894 13.6 83744 10.5 5893 79.5 11.4 2004 3036 7.8 78176 14.5 90214 11.3 6424 86.7 9.0 Average yearly growth 1995 - 2004 2000 - 2004 7.5 5.6 9.4 9.1 9.8 9.3 11.8 10.7 1.3.7.2 By size class and division of age as of January 1st, 2004 Ships of 300 gt and over Division of age (year of build) Dwt - size class (1) No of ships 1979 -1983 1984 -1988 1989 -1993 1994 -1998 1999 -2003 (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) 95 24 15 9 28 27 27 31 13 20 8 15 15 34 5 13 6 16 1 2 - 73 30 37 26 18 18 29 36 38 56 47 102 19 41 6 15 5 13 5 16 - 52 22 31 27 27 27 18 26 20 31 30 56 24 59 66 192 8 28 33 126 2 8 - 64 27 55 52 27 30 62 82 17 30 24 47 8 24 31 91 44 136 28 108 29 123 - 217 104 129 120 98 111 175 284 28 51 79 184 33 89 41 130 50 181 47 187 93 446 15 96 6 43 107 59 69 68 77 96 71 116 31 61 120 291 36 100 27 85 5 20 69 292 130 686 27 165 45 298 21 165 608 266 336 302 275 309 382 575 147 249 308 696 135 346 176 527 118 394 183 731 254 1262 27 165 60 394 27 208 (1) (2) 213 191 277 353 311 603 389 750 1011 2026 835 2501 3036 6424 3.0 5.5 9.4 11.7 31.5 38.9 100.0 (2) 1000 TEU < = 10000 15000 20000 25000 30000 35000 40000 45000 50000 60000 70000 80000 > = 9999 14999 19999 24999 29999 34999 39999 44999 49999 59999 69999 79999 99999 100000 TOTAL TEU-% share of total TEU-% Total share of average up to 1978 total age 13.2 4.1 10.5 4.7 10.4 4.8 10.5 9.0 14.4 3.9 9.3 10.8 12.4 5.4 12.2 8.2 11.1 6.1 8.3 11.4 5.4 19.6 1.9 2.6 2.8 6.1 3.0 3.2 10.5 100.0 Continued SSMR June 2004 45 I - 1.3 Special fleets - container ships ISL 1.3.7.3 By registered flags and countries of domicile according to country groups as of January 1st, 2003 and 2004 Ships of 1000 gt and over Country group %-share No of total January, 1 st 2003 1000 %-share dwt of total 1000 %-share TEU of total %-share No of total January, 1 st 2004 1000 %-share dwt of total 1000 %-share TEU of total Registered flag OECD of which EU Open Registry Countries Developing countries Others 762 26.3 26234 31.3 1888 32.0 775 25.6 27761 30.8 2013 31.3 568 1465 312 355 19.6 50.6 10.8 12.3 20956 42177 5338 9980 25.0 50.4 6.4 11.9 1513 2996 323 685 25.7 50.8 5.5 11.6 584 1553 321 376 19.3 51.3 10.6 12.4 22627 46700 5863 9875 25.1 51.8 6.5 10.9 1647 3355 375 680 25.6 52.2 5.8 10.6 TOTAL 2894 100.0 83729 100.0 5892 100.0 3025 100.0 90199 100.0 6423 100.0 OECD of which EU Open Registry Countries Developing countries Others Unknown 1807 62.4 55579 66.4 3963 67.3 2028 67.0 65586 72.7 4723 73.5 1242 8 359 466 254 42.9 0.3 12.4 16.1 8.8 37867 198 6878 14140 6934 45.2 0.2 8.2 16.9 8.3 2710 14 434 986 494 46.0 0.2 7.4 16.7 8.4 1417 10 364 446 177 46.8 0.3 12.0 14.7 5.9 45572 236 6928 13480 3969 50.5 0.3 7.7 14.9 4.4 3298 18 453 945 284 51.3 0.3 7.0 14.7 4.4 TOTAL 2894 100.0 83729 100.0 5892 100.0 3025 100.0 90199 100.0 6423 100.0 Country of domicile 1.3.7.4 By registered flags and countries of domicile according to regions as of January 1st, 2000 - 2004 Ships of 1000 gt and over Region 2000 No 2001 1000 TEU No 2002 1000 TEU No 2003 1000 TEU No Av. growth rate 2000-2004 2004 1000 TEU No 1000 TEU No 1000 TEU Registered flag Europe North America Latin and South America Asia and Oceania Africa 615 86 740 766 222 1210 222 1262 1160 418 633 86 782 799 254 1347 224 1366 1198 539 644 88 852 822 310 1434 229 1586 1313 724 673 89 897 891 344 1645 239 1767 1419 822 693 85 944 918 385 1779 239 1997 1446 962 3.0 -0.3 6.3 4.6 14.8 10.1 1.9 12.1 5.7 23.2 2429 4272 2554 4674 2716 5287 2894 5892 3025 6423 5.6 10.7 Europe North America Latin and South America Asia and Oceania Africa Unknown 1123 114 19 1018 13 142 2065 266 15 1734 19 174 1262 84 15 1037 8 148 2499 173 9 1769 7 216 1331 99 17 1070 7 192 2793 240 26 1904 6 319 1401 118 15 1100 6 254 3041 307 26 2018 6 494 1591 124 8 1120 5 177 3682 326 7 2118 6 284 9.1 2.1 -19.4 2.4 -21.2 5.7 15.6 5.2 -16.0 5.1 -25.6 13.1 Total 2429 4272 2554 4674 2716 5287 2894 5892 3025 6423 5.6 10.7 Total Country of domicile 46 SSMR June 2004 I - 1.3 Special fleets - container ships ISL Fig. I - 4: Container ships - fleet development by TEU-size class as of January 1st, 1988 - 2004 (in TEU) 2500 1000 TEU 2000 1500 1000 500 0 1988 1989 1990 1991 1992 1993 - 1999 TEU 1994 1995 1996 1997 2000 - 3999 TEU 1998 1999 2000 2001 4000-4999 TEU 2002 2003 2004 > 5000 TEU ISL 2004 Note: ships of 300gt and over Fig. I - 5: Container ships - by registered flags and countries of domicile according to regions as of January 1st, 1995 - 2004 (in TEU) Registered flags 2000 1000 TEU 1600 1200 800 400 0 1995 1996 1997 North America 1998 Europe 1999 Asia and Oceania 2000 2001 2002 Latin and South America 2003 2004 2003 2004 Others Countries of domicile 3750 1000 TEU 3000 2250 1500 750 0 1995 1996 North America 1997 Europe 1998 1999 Asia and Oceania 2000 2001 Latin and South America Note: Ships of 1000 gt and over 2002 Others (incl unknown) ISL 2004 SSMR June 2004 47 I - 1.3 Special fleets - container ships ISL 1.3.7.5 By major flags as of January 1st, 2003 and 2004 Ships of 300 gt and over Flag TEU-rank '04 ('03) No TEU-% share No January 1st, 2004 1000 1000 1000 gt dwt TEU TEU-% TEU-% change share over prev.year 6 7 8 9 10 Panama Liberia Germany, FR of UK (Total) - Isle of Man - UK (5) Denmark (Total) - Denmark (DIS) - Denmark (DOR) (6) Antigua & Barbuda (4) Singapore (8) US (9) Cyprus (10) Hong Kong (SAR) 555 334 205 99 19 80 74 74 197 175 87 131 77 16355 9450 5640 3268 321 2947 3868 3868 2739 3804 3209 2702 2261 18160 11235 6898 3658 416 3242 4329 4329 3516 4536 3308 3205 2563 1286 812 513 264 28 236 301 301 268 309 238 221 182 21.8 13.8 8.7 4.5 0.5 4.0 5.1 5.1 4.5 5.2 4.0 3.8 3.1 583 376 161 137 13 124 80 80 227 185 84 124 87 18598 10905 5139 4548 214 4334 4261 4261 3304 3896 3170 2655 2361 20712 12898 6166 5124 266 4858 4875 4875 4256 4658 3306 3236 2656 1477 952 462 382 19 364 344 344 322 316 239 227 192 23.0 14.8 7.2 6.0 0.3 5.7 5.4 5.4 5.0 4.9 3.7 3.5 3.0 14.8 17.3 -9.8 44.7 -34.0 54.1 14.2 14.2 20.2 2.3 0.4 2.6 5.0 11 12 13 14 (15) (12) (11) (13) 15 16 17 18 19 20 (14) (17) (22) (16) (18) (20) 119 44 81 71 21 65 57 15 49 29 47 1675 1796 2298 1799 388 1509 1093 593 1384 961 715 2044 1991 2347 2024 477 1793 1298 690 1602 1005 831 108 144 158 143 30 132 82 49 106 71 57 1.8 2.4 2.7 2.4 0.5 2.2 1.4 0.8 1.8 1.2 1.0 132 47 72 74 22 75 51 18 35 24 53 2191 1989 1838 1762 402 1379 1029 753 799 801 688 2605 2235 2007 1992 496 1677 1221 882 957 821 800 161 160 139 139 31 124 72 63 61 60 55 2.5 2.5 2.2 2.2 0.5 1.9 1.1 1.0 0.9 0.9 0.8 49.0 11.2 -11.9 -3.3 3.6 -6.3 -12.0 29.7 -42.8 -15.0 -3.8 21 22 23 24 25 26 27 28 29 30 (19) Malaysia (21) France (Total) - Kerguelen (23) Japan (25) Bermuda (24) Turkey (29) Gibraltar (26) Russia (31) Iran Belgium (27) Thailand 56 15 15 21 15 32 12 21 7 16 737 658 658 594 393 289 171 259 154 162 910 723 723 594 420 362 213 298 179 219 57 55 55 39 25 29 15 19 14 16 1.0 0.9 0.9 0.7 0.4 0.5 0.3 0.3 0.2 0.3 52 13 13 17 17 30 18 21 9 8 16 685 566 566 464 465 270 233 259 205 293 162 855 629 629 475 486 340 284 298 247 317 219 54 50 50 32 31 26 21 19 19 17 16 0.8 0.8 0.8 0.5 0.5 0.4 0.3 0.3 0.3 0.3 0.2 -5.3 -8.0 -8.0 -19.6 21.1 -7.2 34.4 35.4 ... - 31 32 33 34 35 36 37 38 39 40 (28) (37) (30) (32) (33) (34) (39) (36) (35) (38) 6 17 6 6 32 30 8 7 4 8 214 123 214 170 171 164 90 158 149 116 227 163 227 184 223 204 115 190 156 152 15 10 15 13 12 12 9 11 11 9 0.3 0.2 0.3 0.2 0.2 0.2 0.2 0.2 0.2 0.2 6 20 6 8 32 28 10 8 4 8 214 178 214 184 174 170 127 182 149 116 227 236 227 202 228 208 162 213 156 152 15 15 15 14 13 12 12 12 11 9 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.2 0.1 48.1 8.0 2.5 4.6 37.4 11.2 - Total 40 flags Other flags 2830 75 72105 789 82791 953 5831 62 99.0 1.0 2956 80 77379 797 89243 970 6360 64 99.0 1.0 9.1 3.2 WORLD TOTAL 2905 72894 83744 5893 100.0 3036 78176 90214 6424 100.0 9.0 Country groups OECD of which EU Open Registry (a) Developing countries Others 766 569 1465 317 357 23185 18245 36703 4468 8538 26239 20958 42177 5346 9982 1888 1513 2996 323 685 32.0 25.7 50.8 5.5 11.6 779 585 1553 326 378 24472 19724 40343 4934 8427 27766 22628 46700 5871 9876 2013 1647 3355 375 680 31.3 25.6 52.2 5.8 10.6 6.6 8.8 12.0 16.0 -0.8 WORLD TOTAL 2905 72894 83744 5893 100.0 3036 78176 90214 6424 100.0 9.0 1 2 3 4 5 (1) (2) (3) (7) January 1st, 2003 1000 1000 1000 gt dwt TEU China, PR of Greece Bahamas Netherlands (Total) - Netherlands Antilles Marshall Island Malta Israel Taiwan Italy Korea, Rep. of UAE Spain Kuwait Qatar Indonesia Saint Vincent Luxembourg Brazil Saudi Arabia India (a) Open registry flags include Bahamas, Bermuda, Cyprus, Liberia, Panama as "Majors" and Malta, Saint Vincent, Marshall Islands, Cayman Islands and Antigua & Barbuda Note: For definition compare "Definitions". 48 SSMR June 2004 I 1.3 Special fleets - container ships ISL 1.3.7.6 By size class and division of TEU-capacity as of January 1st, 2004 Ships of 300 gt and over dwt size class (1) No of ships TEU(2) 1000 capacity unknown TEU < = 9999 10000 - 14999 15000 - 19999 20000 - 24999 25000 - 29999 30000 - 34999 35000 - 39999 40000 - 44999 45000 - 49999 50000 - 59999 60000 - 69999 70000 - 79999 80000 - 99999 > =100000 TOTAL Division of capacity (in TEU) < = 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 999 -1499 -1999 -2499 -2999 -3499 -3999 -4499 -4999 -5499 -5999 -6999 % share >= of total 7000 TOTAL TEU (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) 15 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... 591 264 205 156 56 48 12 10 4 4 - 2 2 131 146 200 229 132 169 39 52 4 5 - 18 29 230 379 78 135 59 108 8 15 1 2 - 1 2 8 17 21 44 181 412 50 114 9 22 4 10 2 5 - 5 14 61 161 64 176 78 215 21 57 3 8 - 3 9 12 38 79 257 45 144 21 70 - 1 4 9 33 44 166 38 142 18 69 - 4 17 106 445 46 196 - 11 51 67 317 - 40 211 - 2 11 81 456 7 39 - 2 13 20 126 58 378 - 2 16 27 208 608 266 336 302 275 309 382 575 147 249 308 696 135 346 176 527 118 394 183 731 254 1262 27 165 60 394 27 208 (1) (2) 15 ... ... 868 483 7.5 508 603 9.4 394 667 10.4 276 625 9.7 232 631 9.8 160 518 8.1 110 413 6.4 156 658 10.2 78 367 5.7 40 211 3.3 90 506 7.9 80 517 8.0 29 224 3.5 3036 6424 100.0 TEU - share of total 4.1 4.7 4.8 9.0 3.9 10.8 5.4 8.2 6.1 11.4 19.6 2.6 6.1 3.2 100.0 1.3.7.7 By country groups and division of TEU-capacity as of January 1st, 2004 Ships of 300 gt and over (1) No of ships TEUCountry group (2) 1000 capacity unknown TEU OECD of which EU Open Registry Flags (a) Developing Countries Others TOTAL Division of capacity (in TEU) < = 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 999 -1499 -1999 -2499 -2999 -3499 -3999 -4499 -4999 -5499 -5999 -6999 % share >= of total 7000 TOTAL TEU (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) 3 ... 1 ... 1 ... 11 ... ... 211 122 138 89 341 207 182 80 134 74 77 91 54 63 295 350 51 62 85 100 81 139 63 107 248 419 27 46 38 64 75 171 62 143 165 372 15 33 21 49 52 145 31 87 145 392 8 22 27 72 42 134 34 108 92 300 4 13 22 71 48 180 41 154 36 134 19 72 7 26 56 236 46 193 87 367 3 13 10 43 46 215 32 150 18 84 14 68 10 54 7 38 20 105 10 51 14 79 12 68 62 349 6 34 8 45 37 240 37 240 43 277 - 27 208 27 208 2 16 779 2013 585 1647 1553 3355 326 375 378 680 (1) 15 868 508 394 276 232 160 110 156 78 40 90 80 29 3036 (2) ... 483 603 667 625 631 518 413 658 367 211 506 517 224 6424 31.3 25.6 52.2 5.8 10.6 100.0 (a) Open registry flags include Bahamas, Bermuda, Cyprus, Liberia, Panama as "Majors" and Malta, Saint Vincent, Marshall Islands, Cayman Islands and Antigua & Barbuda (Source: ISL merchant fleet data bases; based on quarterly updates from LR/Fairplay) SSMR June 2004 49 I 1.3 Special fleet - container ships ISL 1.3.7.7 Top 15 container operators as of February 2004 Fully cellular container ships of 1000 TEU and over Owned ships Chartered ships Total No of ships 1000 TEU No of ships 1000 TEU No of ships 1000 TEU % share of Total TEU % charter av TEU MAERSK SEALAND MSC EVERGREEN PONL HANJIN APL CMA-CGM NYK COSCO K-LINE MOL OOCL HAPAG-LLOYD CSCL YANGMING OTHERS UNKNOWN 115 90 98 50 20 30 17 25 58 16 26 20 25 8 24 299 ... 445.3 272.7 327.2 190.3 89.4 132.2 57.3 104.2 181.9 61.6 103.4 97.1 117.5 41.8 73.6 644.8 ... 135 75 42 76 56 37 67 43 5 42 26 19 16 33 28 406 ... 332.9 202.9 102.0 195.4 202.2 137.7 196.4 97.4 14.6 132.9 70.5 70.0 46.4 110.0 66.6 775.9 ... 250 165 140 126 76 67 84 68 63 58 52 39 41 41 52 705 137 778.2 475.6 429.2 385.7 291.6 269.9 253.7 201.6 196.5 194.4 173.9 167.1 163.9 151.8 140.2 1420.7 273.6 13.0 8.0 7.2 6.5 4.9 4.5 4.3 3.4 3.3 3.3 2.9 2.8 2.7 2.5 2.3 23.8 4.6 42.8 42.7 23.8 50.6 69.3 51.0 77.4 48.3 7.4 68.3 40.6 41.9 28.3 72.5 47.5 54.6 ... 3113 2882 3066 3061 3837 4029 3020 2964 3119 3352 3345 4285 3997 3704 2696 2015 1997 Total 921 2940.4 1106 2753.8 2164 5967.8 100.0 46.1 2758 Operator Note: excl. unknown operators 1.3.7.8 The Global Players as of February 2004 Containerships of 1000 TEU and over Alliance Operator CHKY Alliance Total of which Hanjin K-Line Cosco Yangming Grand Alliance / Grand Americana Total of which PONL NYK Hapag Lloyd OOCL CP Ships MISC TMM New World Alliance Total of which APL Hyundai MOL Fleet Capacity Employed in Alliances Total fleet of operator Av. ship size (in % of Av. ship size (in No of ships 1000 TEU TEU) No of ships 1000 TEU total TEU) 148 640.5 4328 249 822.7 50 35 34 29 132 234.3 156.0 145.5 104.7 627.8 4686 4457 4279 3610 4756 76 58 63 52 354 291.6 194.4 196.5 140.2 1126.0 38 29 28 24 6 4 3 178.7 134.2 141.2 130.0 18.8 15.5 9.5 4703 4628 5043 5417 3133 3885 3166 126 68 41 39 52 14 14 385.7 201.6 163.8 167.1 136.2 31.1 40.5 81 401.5 4957 150 566.0 41 18 22 194.1 98.6 108.8 4734 5478 4945 67 31 52 270.0 122.1 173.9 250 165 140 84 772 778.2 475.6 429.2 253.7 1516.4 2164 5967.8 Maersk-Sealand MSC Evergreen CMA-CGM Others incl unknown Total fleet max. ship (in TEU) 13.8 3304 5750 5600 5618 5618 18.9 3837 3352 3119 2696 3181 3061 2965 3995 4285 2619 2221 2893 6802 6200 7500 8060 4112 4469 4050 9.5 3773 4030 3939 3344 5762 6400 6400 13.0 8.0 7.2 4.3 25.4 3113 2882 3066 3020 1949 7300 6750 6332 6620 5750 100.0 2758 8060 APL incl. NOL; CMA-CGM incl. ANL-CL, Ybarra; Evergreen incl. Hatsu Marine, Lloyd Trestino; Hanjin incl. Senator; Maersk SeaLand incl. Safmarine; NYK incl. TSK; P&O Nedlloyd incl. Farrell, P&O Swire, CP Ships incl. ANZL, Canada Maritime, Contship, Italia, Lykes. Source: ISL based on MDS Transmodal 50 SSMR June 2004 I - 2 Freight market ISL 2.1 Hamburg Index for Containership Time-Charter-Rates 2003 and 2004 Values in US$ per 14 t/ TEU per day Gearless Month 200-299 TEU -min 14 kn 300-500 TEU -min 15 kn 2000/+TEU -min 22 kn 24.0 21.0 2003 2004 2003 2004 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 17.7 17.4 19.3 18.8 20.3 19.2 17.9 19.6 20.0 21.2 21.0 22.5 22.2 21.1 22.2 22.5 22.0 14.1 16.1 17.6 17.3 17.4 17.7 18.6 17.6 17.8 17.8 19.3 18.3 18.5 17.9 19.4 20.7 20.7 6.0 6.6 8.1 9.1 10.1 11.0 11.4 10.9 10.7 11.2 10.8 11.0 11.1 15.4 15.4 13.7 13.7 Average 19.6 22.0 17.5 19.4 9.8 13.9 Geared Month 200-299 TEU -min 14 kn 300-500 TEU -min 15 kn 600-799 TEU -min 17-17.9 kn* 2003 2004 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 17.3 17.7 17.7 18.1 20.3 19.5 18.8 18.4 18.2 19.1 21.5 20.6 21.5 22.9 23.3 25.2 25.2 13.8 14.5 14.6 14.5 15.6 15.5 14.7 17.0 16.4 16.6 17.2 16.3 19.5 18.3 18.8 21.9 20.3 9.9 10.4 10.7 11.9 12.0 12.7 12.0 13.4 13.9 13.6 13.2 13.5 14.3 14.8 16.2 19.0 17.7 Average 18.9 23.6 15.6 19.8 12.2 16.4 Month Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 9.3 9.9 10.1 11.2 11.7 12.2 12.5 13.0 13.2 14.0 14.4 13.2 14.1 15.0 15.8 16.8 19.5 Average 12.1 16.2 7.7 8.4 8.9 9.8 11.4 12.2 12.4 13.7 13.9 15.1 14.0 12.1 13.7 15.5 16.6 17.6 19.0 11.6 16.5 2000/+ TEU -min 22 kn-CELLED 15.0 12.0 6.0 2004 1000-1299 TEU -min 19 kn 2003 2004 18.0 300-500 TEU -min 15 kn-COMPACT 9.0 2003 700-999 TEU -over 18 kn* 2003 2004 200-299 TEU -min14kn-COMPACT-2 month or more 3.0 2000 2001 2002 2003 2004 ISL 28.0 200-299 TEU -min14kn-COMPACT-2 month or more 24.0 300-500 TEU -min 15kn-COMPACT 600-799 TEU -min 17-17.9 kn-CELLED* 20.0 16.0 12.0 8.0 1600-1999 TEU -min 20 kn 2003 2004 6.4 7.0 8.5 9.7 11.1 10.0 11.5 11.2 11.8 11.7 10.1 11.3 12.5 13.2 14.3 13.9 17.9 10.0 14.3 4.0 2000 2001 20.0 2002 2003 2004 ISL 700-999 TEU -min 18 kn-CELLED* 1000-1299 TEU -min 19 kn-CELLED 16.0 1600-1999 TEU -min 20 kn-CELLED 12.0 8.0 4.0 2000 2001 2002 2003 2004 ISL *Note: Since July 2002, Geared 600-799 TEUx14t hom - over 18kn - CELLED -3 mos or more has been displaced by 600-799 TEUx14t hom - min 17-17.9 kn CELLED -3 mos or more and Geared 600-799 TEUx14t hom - over 18 kn - CELLED -3 mos or more has been displaced by 700-999 TEUx14t hom - min 18 kn CELLED -3 mos or more The Hamburg Index for Containership Time-Charter-Rates is based on the broad database of approximately 20-30 Ship Brokers in Hamburg and therefore offers a profound information of the market for selected container ship types. If not otherwise mentioned the time charter period was determined on at least 3 months. For more information see: http://www.vhss.de/hax.html (Source: ISL Bremen 2004; based on Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V.) SSMR June 2004 51 I - 2 Freight market ISL 2.2 German sea freight indices 2.2.1 Liner trade 1995 = 100 Overall index 140 Overall Index Month 1999 2000 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 77.3 78.9 80.1 82.5 82.8 84.4 85.9 87.3 90.4 91.9 95.5 98.1 103.6 102.8 104.6 112.6 119.4 115.6 114.4 121.7 126.5 130.3 129.9 125.4 119.1 120.6 121.4 122.2 121.0 119.1 117.2 111.8 105.0 103.3 104.1 101.8 92.8 92.6 94.8 95.2 94.3 94.1 94.2 94.0 92.8 99.0 99.1 96.7 96.0 95.5 100.5 107.0 99.1 100.5 102.6 103.9 103.8 101.6 100.5 96.0 93.2 93.1 96.4 100.0 99.4 Average 86.3 117.2 113.9 95.0 100.6 96.4 120 100 80 by trading Area 60 2000 2001 2002 2003 2004 ISL 160 Africa America Month 2002 2003 2004 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 134.4 134.6 134.8 135.8 133.2 130.7 124.8 125.8 123.4 124.1 122.8 118.7 117.5 118.6 122.1 121.5 113.7 113.2 114.5 117.0 117.3 113.3 113.4 110.3 109.7 109.4 112.5 114.1 113.7 113.1 114.4 113.7 111.8 110.6 106.9 103.6 102.7 102.4 115.1 113.0 111.0 105.7 105.0 110.3 119.8 109.5 108.5 112.8 113.8 112.4 114.3 115.3 110.4 107.6 107.1 110.0 113.6 113.7 Average 128.6 116.0 111.9 109.9 111.5 110.4 Asia Africa America 140 120 100 Europe 80 2000 2001 2002 2003 2004 ISL 140 Month 2002 2003 2004 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 69.4 67.8 73.3 76.2 75.5 78.1 81.8 81.8 79.9 83.4 85.4 82.1 85.0 83.8 90.3 97.3 89.6 93.7 94.8 96.6 97.5 91.6 88.5 82.7 78.8 79.0 83.7 88.4 87.0 95.2 95.1 95.3 93.4 93.4 94.3 94.7 94.8 94.7 95.0 95.4 95.4 95.9 96.9 97.0 97.0 95.0 94.7 94.6 94.5 94.5 94.4 94.4 94.4 94.4 94.3 94.4 94.6 94.7 Average 77.9 91.0 83.4 94.7 95.3 94.5 Europe Asia 120 100 80 60 2000 2001 2002 2003 2004 ISL Continued 52 SSMR June 2004 I - 2 Freight market 2.2 ISL German sea freight indices (continued) 1972=100 liner index Homeward-bound Outward-bound Month 2003 2004 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 91.3 90.8 93.5 99.7 92.4 89.9 97.4 99.0 99.3 96.0 95.7 91.7 88.1 88.0 91.9 96.3 95.6 100.5 99.9 107.1 113.9 105.3 110.5 107.4 108.5 108.1 106.8 105.1 100.1 98.0 98.0 100.8 103.5 102.9 Average 94.7 92.0 106.1 100.6 By trading a Month 74.1 74.0 80.5 83.1 74.8 74.0 76.3 77.8 77.0 74.8 74.7 71.3 68.0 67.7 70.1 73.6 73.7 Average 76.0 137.3 136.7 139.9 143.7 143.8 70.6 138.1 140.3 2003 2004 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 97.4 96.2 97.4 108.2 100.1 95.7 109.0 111.0 112.0 107.3 106.8 101.2 96.1 95.9 101.9 108.3 106.9 69.8 68.6 81.6 84.0 76.7 91.2 77.5 79.0 79.7 72.4 66.0 60.1 57.6 58.3 61.4 64.0 62.5 Average 103.5 101.8 75.6 60.8 Europe 2003 2004 2003 2004 93.8 94.9 95.1 95.1 93.1 92.9 92.6 92.5 92.5 92.2 92.3 92.3 92.3 92.2 92.2 92.6 92.8 93.3 92.4 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 97.7 98.7 98.7 98.7 96.8 96.4 96.3 96.3 96.3 96.3 96.3 96.3 96.3 96.2 96.3 96.3 96.4 Average 97.1 96.3 Homeward-bound Index 60.0 2000 2001 2002 2003 2004 ISL 175 150 125 Homeward-bound Index Outward-bound Index 100 75 Asia Month 100.0 Outward-bound Index 129.4 128.3 132.7 147.4 135.5 134.4 140.1 140.8 138.9 143.9 145.7 139.8 Month 120.0 80.0 America Homeward-bound Outward-bound 2003 2004 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 140.0 50 2000 2001 2002 2003 2004 ISL 150 Homeward-bound Index Outward-bound Index 125 100 75 50 2000 2001 2002 2003 2004 ISL 105 Homeward-bound Index Outward-bound Index 100 95 90 85 2000 2001 2002 2003 2004 ISL (Source: ISL Bremen 2004, based on data from Federal Statistical Office Germany) SSMR June 2004 53 I - 2 Freight market ISL 2.3 Lloyd's Shipping Economist tramp trip charter indices 1985=100 Combined index Month 650 2001 2002 2003 2004 575 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 193 214 199 178 197 198 174 119 100 83 79 89 89 73 102 104 93 95 99 113 125 114 140 154 185 156 151 203 230 304 273 276 294 337 309 360 553 613 451 558 500 Average 152 108 257 544 125 50 1998 1999 2000 2001 2002 2003 2004 ISL 450 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 149 244 148 137 183 142 163 148 138 130 160 ... ... ... ... 187 ... ... ... ... ... ... 318 308 723 192 ... 349 ... 267 221 ... 266 ... ... ... 341 349 ... 448 Average 158 271 336 379 Size class 12000-19999 dwt 400 350 300 250 200 150 100 50 1998 1999 2000 2001 2002 2003 2004 ISL 800 20000-34999 dwt index 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 166 226 165 163 176 189 171 160 157 151 121 137 137 131 160 153 131 165 156 172 181 173 200 173 199 192 212 282 283 309 314 295 307 342 422 469 601 716 636 615 Average 165 161 302 642 54 350 200 2001 Month 425 275 12000-19999 dwt index Month Combined index Size class 20000-34999 dwt 700 600 500 400 300 200 100 0 1998 1999 2000 SSMR June 2004 2001 2002 2003 2004 ISL I - 2 Freight market ISL 2.3 Lloyd's Shipping Economist tramp trip charter indices (continued) 1985=100 35000-49999 dwt index Month 800 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 188 258 180 190 187 181 178 178 163 134 149 144 144 185 161 169 193 160 158 121 135 171 196 207 234 207 244 257 285 347 278 280 294 381 417 521 563 732 706 571 Average 178 167 312 643 500 400 200 100 0 1998 1999 2000 2001 2002 2003 2004 ISL 1000 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 196 216 220 229 217 218 178 178 153 144 120 139 139 84 151 158 135 140 162 148 152 169 212 233 295 243 281 325 382 343 330 315 321 543 605 688 851 835 861 730 Average 184 157 389 819 Size class 50000-84999 dwt 875 750 625 500 375 250 125 0 1998 85000 dwt and over index Month 600 300 50000-84999 dwt index Month Size class 35000-49999 dwt 700 1999 2000 2001 2002 2003 2004 ISL 1000 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 223 135 184 181 160 170 143 143 81 90 78 91 91 112 132 130 112 125 110 112 120 134 180 208 235 229 245 260 290 297 298 306 350 690 662 772 875 881 735 604 Average 140 131 386 774 Size class 85000 dwt and over 875 750 625 500 375 250 125 0 1998 1999 2000 2001 2002 2003 2004 ISL Note: The number of fixtures for the smaller TTCI size ranges is too less to become meaningfull results (Source: ISL Bremen 2004, based on data from Lloyd´s Shipping Economist) SSMR June 2004 55 I - 2 Freight market ISL 2.4 Maritime Research freight indices 2001 - 2004 1972=100 General freight index Month 450 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 249.4 244.4 245.9 244.6 248.8 248.4 238.7 225.2 222.9 218.1 215.4 208.9 209.1 211.3 217.1 220.8 223.1 220.0 218.3 219.4 223.2 231.8 241.3 249.7 258.2 261.4 266.6 271.6 286.3 286.6 286.6 298.4 300.6 333.0 353.1 381.0 392.3 415.1 429.0 422.3 418.2 Average 234.2 223.8 298.6 415.4 150 1998 1999 2000 2001 2002 2003 2004 ISL 450 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 254.3 249.9 252.8 250.6 254.5 253.1 243.6 229.9 227.4 222.7 220.5 211.1 214.3 215.9 221.9 226.0 230.5 226.5 224.1 226.8 229.2 236.4 247.9 256.9 266.1 270.9 275.4 281.0 296.0 296.7 295.3 311.0 312.2 347.4 366.7 400.3 405.9 432.7 454.8 449.9 447.5 Average 239.2 229.7 309.9 438.1 Grain freight index 400 350 300 250 200 Miscellaneous freight index 150 1998 1999 2000 2001 2002 2003 2004 ISL 450 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 238.6 232.0 230.6 231.1 236.0 237.6 230.3 214.9 212.6 207.1 203.8 202.6 200.1 201.1 206.3 209.2 206.8 205.7 205.3 203.0 210.2 221.4 226.4 233.5 240.8 240.3 247.2 250.7 264.6 264.2 267.3 270.7 274.9 301.2 322.9 338.5 362.4 376.2 372.2 361.6 353.6 Average 223.1 210.7 273.6 365.2 56 300 200 2001 Month 350 250 Grain freight index Month General freight index 400 Miscellaneous freight index 400 350 300 250 200 150 1998 1999 2000 2001 2002 2003 2004 ISL SSMR June 2004 I - 2 Freight market ISL 2.4 Maritime Research freight indices (continued) 1972=100 Time charter index Month 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 244.5 240.0 248.0 244.1 250.7 243.2 232.9 220.6 218.6 215.9 211.1 209.8 214.2 212.2 220.4 225.1 224.6 223.5 225.7 226.5 237.8 244.4 248.0 258.6 262.9 258.5 272.3 291.9 310.0 292.0 307.4 306.9 317.3 408.6 448.3 489.6 535.7 584.6 579.2 518.5 438.8 Average 231.6 230.1 330.5 531.3 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 256.6 242.2 249.3 250.7 259.4 244.0 228.0 216.0 212.6 210.3 210.4 209.2 214.1 209.5 217.8 219.1 216.9 218.8 220.1 216.5 223.0 244.6 261.3 271.4 274.5 268.8 282.6 300.9 317.5 296.7 314.3 310.3 324.0 405.8 443.9 500.8 583.9 649.8 638.8 597.8 478.6 Average 232.4 227.7 336.7 589.8 100 1998 1999 2000 2001 2002 2003 2004 ISL 650 1 to 2 months 550 450 350 250 Time charter index (2 to 3 months) 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 228.0 225.7 234.7 228.2 236.2 230.1 219.9 206.5 206.6 203.8 197.5 195.9 200.7 198.0 206.3 212.2 212.6 210.4 213.6 216.2 230.8 234.2 234.3 243.7 248.6 243.6 256.1 281.8 302.3 283.4 300.7 301.0 311.9 411.3 455.4 498.6 539.8 588.2 587.8 511.9 430.9 Average 217.8 217.7 324.5 531.7 150 1998 1999 2000 2001 2002 2003 2004 ISL 2004 ISL 600 2 to 3 months 500 400 300 200 Time charter index (over 6 months) Month 400 200 2001 Month Time charter index 500 300 Time charter index ( 1 to 2 months) Month 600 2001 2002 2003 2004 Jan. Feb. March April May June July Aug. Sep. Oct. Nov. Dec. 304.2 302.7 307.1 308.3 305.4 302.2 299.7 292.1 282.5 279.5 274.7 275.3 276.8 281.1 289.2 292.5 290.5 290.0 289.0 287.5 290.4 291.3 292.6 309.7 313.0 313.1 319.7 326.2 334.9 324.9 328.3 328.7 334.1 399.4 420.7 431.3 465.8 476.1 455.8 437.9 419.2 Average 294.5 290.0 347.9 450.9 100 1998 1999 2000 2001 2002 2003 600 500 400 300 over 6 months 200 100 1998 1999 2000 2001 2002 2003 2004 ISL (Source: ISL Bremen 2004, based on data from Maritime Research Inc., Parlin N.J.) SSMR June 2004 57 II - 1 World shipbuilding ISL 1.1 Monthly shipbuilding contracts 1.1.1 Number of contracts by ship type March 2003 - June 2004 Ships of 100 gt and over Ship type 2003 Mar. Apr. Tanker Bulk carrier Container General cargo Cruise ferry Ferry Total Non merchant vessels Fishing Naval Offshore support Rescue Training/research Tug Work boat Barge Yacht Other Total non merchant vessels TOTAL May June July Aug. Sep. Oct. Nov. Total Dec. 2003 2004 Jan. Feb. Mar. Apr. May June Total 2004 33 30 19 16 6 104 32 6 32 2 2 2 76 40 3 17 12 3 6 81 33 2 19 1 13 68 48 18 44 5 3 5 123 30 18 21 3 12 84 46 23 29 6 9 113 75 22 27 4 128 22 11 39 1 1 2 76 28 22 29 21 2 102 456 193 325 91 14 80 1159 38 9 53 3 3 2 108 45 16 48 18 1 4 132 64 28 23 10 3 9 137 26 11 26 12 2 9 86 54 14 50 7 3 128 43 22 40 3 5 5 118 270 100 240 53 14 32 709 18 6 4 3 1 4 2 15 4 4 2 1 3 37 2 1 15 16 7 1 3 3 4 11 2 14 3 3 33 16 15 - 6 11 2 1 8 1 11 10 7 20 1 3 12 2 10 2 9 1 6 2 11 6 1 2 2 4 3 - 7 23 3 2 2 31 3 - 5 13 1 1 3 6 5 5 - 159 96 66 3 8 38 145 63 89 15 7 3 5 5 3 1 1 - 5 3 10 1 5 1 1 1 1 10 8 4 3 7 11 - 10 3 13 19 11 1 2 2 1 10 1 2 6 1 6 10 1 2 - 25 19 42 2 45 32 11 17 4 38 69 62 84 29 66 30 29 71 39 682 25 27 44 61 12 28 197 142 145 143 152 152 150 143 157 147 141 1841 135 159 181 147 140 146 908 1.1.2 By country of build and ship type during May 2004 Merchant Ships of 100 gt and over (1) No Country of build (2) 1000 gt Italy Germany Poland Croatia other Europe Total Europe Korea, Rep. of Japan China, PR of other Asia Total Asia Others TOTAL No 1000 gt dwt-% share Source: ISL 2004; General based oncargo monthly data provided by Baird Publications (Australia); Tankers Bulk carriers Container ships ships Passenger ships (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) 3 24.0 3 24.0 - 7 199.0 7 199.0 - 1 85.0 2 7.0 2 5 92.0 1 85 2 7.0 7 199.0 5 24.0 15 315.0 (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) 27 1758.0 8 556.1 4 244.4 1 2.5 40 2561 11 582.0 11 594.5 22 1177 13 803.2 9 755.0 11 462.0 33 2020 3 29.7 3 30 - 40 2561.2 31 1922.8 26 1300.9 1 2.5 98 5787.4 94.8 (1) (2) - - - - 5 - 5 - - (1) 43 22 40 3 10 118 (2) 2585.0 1176.5 2219.2 29.7 92.0 6102.4 Source: ISL 2004; based on monthly data provided by Baird Publications (Australia); Ships and Boats on Order 58 SSMR June 2004 TOTAL of total 1.4 0.1 3.3 0.4 5.2 42.0 31.5 21.3 0.0 100.0 II - 2 World shipbuilding - container ships ISL 2.1 Existing world fully cellular container fleet according to yard, year of build and TEU-size class as of January 1st, 2004 Ships of 300 gt and over Year of build -1993 1994-1998 Total Size groups (TEU) as %-share of total No of ships (a) 1999-2004 Shipbuilder No 1000 TEU No 1000 TEU No 1000 TEU No 1000 TEU <=999 10002999 30003999 HYUNDAI (KRS) SAMSUNG (KRS) MITSUBISHI (JPN) DAEWOO (KRS) HANJIN (KRS) ODENSE (DEN) CHINA SB (TAIWAN) ISHIKAWAJIMA (JPN) HDW (GFR) SZCZECINSKA (POL) KOYO (JPN) VULKAN (b) (GFR) GDYNIA (POL) KVAERNER (NOR) KAWASAKI (JPN) OTHERS 50 26 37 25 17 29 51 39 44 18 11 58 8 13 764 121 86 84 90 38 85 132 106 108 19 39 101 14 34 841 63 36 41 42 33 15 42 23 21 76 4 27 37 24 12 515 231 131 171 121 91 86 80 111 69 109 18 58 68 53 54 575 111 72 24 29 56 23 42 11 3 25 20 25 19 5 370 532 331 125 137 211 157 106 63 5 51 103 66 57 26 530 224 134 102 96 106 67 135 73 68 119 35 85 62 51 30 1649 884 548 379 349 339 328 318 281 182 179 160 159 134 124 114 1945 0.2 0.1 0.4 0.1 0.1 0.2 0.2 0.2 27.6 2.7 1.0 1.0 1.3 1.2 0.4 3.1 0.7 0.9 3.5 0.1 2.0 1.9 1.6 0.4 24.6 0.9 1.0 0.4 0.6 0.8 1.1 0.3 1.0 0.2 0.4 0.5 0.1 0.3 1.4 1.9 1.5 0.9 0.7 1.0 0.9 0.2 0.1 0.1 0.1 0.4 1190 1897 1011 2026 835 2501 3036 6424 29.1 46.4 8.9 638 511 41 1123 708 67 619 387 5 1339 679 7 604 228 3 1947 1936 79 1861 1126 49 4409 3323 152 17.6 11.2 0.3 23.6 21.7 1.2 6.1 2.7 0.1 TOTAL of which Asia Europe Others % - share of TOTAL 4000- >=5000 4999 No TEU 1.8 1.0 0.9 0.5 0.8 1.0 0.1 0.5 0.5 0.1 0.4 0.4 7.4 4.4 3.4 3.2 3.5 2.2 4.4 2.4 2.2 3.9 1.2 2.8 2.0 1.7 1.0 54.3 13.8 8.5 5.9 5.4 5.3 5.1 5.0 4.4 2.8 2.8 2.5 2.5 2.1 1.9 1.8 30.3 7.7 7.9 100.0 100.0 7.4 0.3 - 6.8 1.1 - 61.3 37.1 1.6 68.6 51.7 2.4 (a) Excluding 14 ships of which TEU-size is unknown. (b) Excluding Schichau (1986), Seebeck (1987), Flender Werft A.G. (1990), MTW Schiffswerft GmbH (1992),Volkswerft (1993). 17 vessels were delivered in 1996 and 12 in 1997. The disintegration of the Vulkan Group started in 1996, therefore these 29 vessels were not included in the 'Vulkan Group'. (Source: ISL Bremen 2004, based on quarterly updates from LR/Fairplay) Fig. II-1: Container and general cargo fleet - order book as of January 1st, 1995 - 2004 (in 1000 cgt) ISL2004 SSMR June 2004 59 II - 3 Ship type survey - general cargo ships ISL 3.1 General cargo ships on order 3.1.1 Order book development by type 2003 and 2004 Ships of 300 gt and over Ship type Period 1000 dwt Order book 1000 gt 281 275 273 284 278 309 331 320 2975 3034 2891 2905 2951 3129 3219 3174 2184 2223 2120 2124 2163 2282 2316 2299 2200 2222 2150 2204 2194 2400 2469 2435 6.1 1.0 -3.3 2.5 5.8 8.9 2.8 11.0 46 32 26 44 37 49 71 60 669 286 207 529 423 455 519 487 489 213 151 365 304 324 364 344 445 230 165 354 299 371 439 405 26.1 -48.2 -28.3 114.1 54.2 5.0 18.1 35.6 33 34 57 72 49 70 76 73 446 502 938 1196 771 1237 1367 1302 1014 1152 2454 3302 1981 3444 3814 3629 702 730 1464 1994 1222 2058 2265 2162 123.9 3.9 100.7 36.2 356.1 3.2 10.1 76.8 12 4 24 17 14 10 10 10 190 46 433 267 234 116 160 138 484 153 1302 864 701 353 438 396 323 94 744 542 426 220 261 240 404.0 -70.9 690.7 -27.2 997.7 -59.3 18.2 -43.5 8 8 8 7 8 6 7 7 78 78 78 73 77 67 62 64 89 89 89 85 88 78 66 72 116 116 116 109 114 99 87 93 -0.1 -5.9 17.0 -8.9 -12.7 -18.6 1 0 1 1 5 1 5 2 5 1 5 2 7 2 7 3 ... ... ... ... -89.6 ... ... 97.8 61 55 58 53 57 53 46 50 869 747 749 685 762 693 578 635 2121 1859 1828 1682 1873 1603 1330 1466 1684 1488 1454 1334 1490 1260 1051 1156 4.1 -11.6 -2.3 -8.3 3.4 -5.5 -16.6 -22.4 12 2 7 5 10 3 7 170 20 50 60 130 23 76 428 56 111 149 231 52 142 336 48 92 119 179 45 112 -19.3 -85.7 91.6 -100.0 -46.0 ... -74.8 -6.2 4367 4362 4655 4859 4561 5126 5226 5176 5408 5323 6491 7193 6104 7407 7527 7467 4702 4556 5183 5640 5020 5818 5872 5845 14.1 -3.1 13.8 8.8 29.4 3.1 0.9 16.4 70 38 58 61 57 69 85 77 1029 352 696 796 718 701 707 704 1401 422 1568 1229 1155 909 859 884 1104 373 1008 895 845 770 751 761 23.5 -66.3 170.6 -11.2 80.0 -14.0 -2.5 -10.0 No 1000 cgt % change cgt over prev. period Additions to order book (per quarter) 1000 1000 1000 cgt % change over prev. No dwt gt cgt SINGLE-DECK & MULTI-DECK SHIPS 2003 January, 1st April, 1st July, 1st October, 1st Average 2003 2004 January, 1st April, 1st Average 2004 SPECIAL SHIPS 2003 January, 1st April, 1st July, 1st October, 1st Average 2003 2004 January, 1st April, 1st Average 2004 REEFER SHIPS 2003 January, 1st April, 1st July, 1st October, 1st Average 2003 2004 January, 1st April, 1st Average 2004 RO-RO CARGO SHIPS 2003 January, 1st April, 1st July, 1st October, 1st Average 2003 2004 January, 1st April, 1st Average 2004 TOTAL GENERAL CARGO SHIPS 2003 January, 1st April, 1st July, 1st October, 1st Average 2003 2004 January, 1st April, 1st Average 2004 60 383 372 396 416 392 438 460 449 SSMR June 2004 II - 3 Ship type survey - general cargo ships ISL 3.1.2 By major types and countries of build as of January 1st, 2004 Ships of 300 gt and over Single-deck & Multideck ships Countries of build Special ships Reefer ships Ro-Ro cargo ships TOTAL General cargo ships cgt-rank No 1000 cgt 1000 gt No 1000 cgt 1000 gt No 1000 cgt 1000 gt No 1000 cgt 1000 gt No 1000 cgt 1000 gt cgt-% share of total Japan China, PR of Poland Romania (a) Korea, Rep. of Netherlands Italy Germany, FR of Russia Croatia Ukraine Turkey US Slovakia Bulgaria Viet Nam Portugal Egypt Yugoslavia Spain Others 40 65 19 29 4 44 2 22 8 14 12 5 14 8 13 3 7 483 565 281 231 22 215 15 157 34 77 65 39 63 58 56 12 26 556 558 354 196 16 165 11 125 18 57 47 28 39 43 42 9 18 44 8 2 8 2 2 1 3 1479 225 19 246 30 41 11 6 2518 345 19 459 30 55 15 3 4 2 - 56 44 - 43 35 - 5 4 16 2 1 8 6 3 1 1 2 4 162 45 538 25 2 152 177 101 8 32 14 5 197 53 752 24 1 204 182 126 7 40 14 3 89 77 35 33 12 47 10 8 22 11 18 13 6 14 8 13 2 2 3 1 14 2124 836 819 276 269 247 193 192 157 134 133 72 71 63 58 56 44 14 12 11 36 3270 956 1106 239 475 196 259 193 125 144 100 54 68 39 43 42 35 14 9 15 24 36.5 14.4 14.1 4.7 4.6 4.2 3.3 3.3 2.7 2.3 2.3 1.2 1.2 1.1 1.0 1.0 0.8 0.2 0.2 0.2 0.6 TOTAL 309 2400 2282 70 2058 3444 6 99 78 53 1260 1603 438 5818 7407 100.0 %-share of total 70.5 41.3 30.8 16.0 35.4 46.5 1.4 1.7 1.1 12.1 21.7 21.6 100.0 100.0 100.0 167 136 6 1156 1197 47 1023 1221 37 7 62 1 102 1955 1 119 3324 1 6 - 99 - 78 - 36 14 3 994 220 46 1289 260 54 216 212 10 2351 3371 95 2510 4806 92 of which Europe Asia Others 40.4 58.0 1.6 (a) thereof 22 ships totalling 209,000 cgt by Daewoo-Mangalia 3.1.3 By major types and yards as of January 1st, 2004 Ships of 300 gt and over Yard Single-deck & Multideck ships Special ships Reefer ships TOTAL Ro-Ro cargo ships cgt-% General cargo ships cgt-rank No 1000 cgt 1000 gt No 1000 cgt 1000 gt No 1000 cgt 1000 gt No 1000 cgt 1000 gt No 1000 cgt 1000 gt share of total Kanasashi (Japan) Gdynia (Poland) Daewoo (Korea) (a) Mitsubishi (Japan) Imabari (Japan) Flensburger (Germany) Damen (Netherlands) Xiamen (China, PR of) Szczecinska (Poland) Fincantieri (Italy) Others 4 18 24 2 4 257 91 165 129 39 64 1912 130 147 103 46 72 1784 21 10 10 6 2 4 2 15 773 265 339 207 30 117 41 285 1275 478 586 377 30 180 55 463 6 99 78 3 12 2 1 6 4 2 23 142 458 25 11 177 79 82 285 178 652 24 11 182 99 117 339 24 16 30 11 6 6 26 6 8 4 301 915 550 455 350 207 177 159 156 143 123 2581 1417 589 650 598 377 177 133 226 151 137 2664 15.7 9.4 7.8 6.0 3.6 3.0 2.7 2.7 2.5 2.1 44.4 TOTAL 309 2400 2282 70 2058 3444 6 99 78 53 1260 1603 438 5818 7407 100.0 (a) Incl. Daewoo-Mangalia (Romania). Continued SSMR June 2004 61 II - 3 Ship type survey - container ships ISL 3.2 Fully cellular container ships on order 3.2.1 Order book development 2003 and 2004 (quarterly) Ships of 300 gt and over Order book Quarter ships of No of which TEU ships available 2003 January, 1st April, 1st July, 1st October, 1st Average 2004 January, 1st April, 1st Average 1000 TEU 1000 dwt ( 1109 ) ( 1263 ) ( 1447 ) ( 1976 ) ( 1449 ) 14244 16351 18658 25823 18769 1000 gt cgt % 1000 change over cgt prev. period Additions to order book (per quarter) ships of 1000 1000 1000 No of which TEU TEU dwt gt ships available cgt % 1000 change over cgt prev. period 316 333 372 489 378 ( 316 ) ( 318 ) ( 356 ) ( 466 ) ( 364 ) 12578 8749 14277 9828 16202 11098 22717 15459 16444 11284 9.4 12.3 12.9 39.3 38.6 67 62 95 140 91 ( 50 ) ( 60 ) ( 86 ) ( 135 ) ( 83 ) ( 213 ) ( 292 ) ( 352 ) ( 635 ) ( 373 ) 3186 3758 4576 8227 4937 2744 3222 4050 7332 4337 1910 2164 2757 4946 2944 23.1 13.3 27.4 79.4 64.2 588 662 625 ( 574 ) ( 2487 ) 31348 27622 18782 ( 636 ) ( 2831 ) 36214 31679 21469 ( 605 ) ( 2659 ) 33781 29651 20126 21.5 14.3 78.4 148 116 132 ( 143 ) ( 101 ) ( 122 ) ( 592 ) ( 454 ) ( 523 ) 7511 6338 6924 6545 5456 6000 4501 3698 4099 -9.0 -17.8 39.2 3.2.2 By country of build as of January 1st, 2004 Ships of 300 gt and over Country of build cgt-rank No of ships % share of total Korea, Rep.of Japan China, PR of Germany, FR of Taiwan Poland Denmark Singapore Brazil Iran Romania US Netherlands Ukrainia Turkey Viet Nam Indonesia 278 65 83 64 24 26 9 5 4 5 7 4 5 2 3 2 2 47.3 11.1 14.1 10.9 4.1 4.4 1.5 0.9 0.7 0.9 1.2 0.7 0.9 0.3 0.5 0.3 0.3 11559 2297 1439 1065 742 701 406 111 109 90 84 79 40 18 18 17 8 61.5 12.2 7.7 5.7 3.9 3.7 2.2 0.6 0.6 0.5 0.4 0.4 0.2 0.1 0.1 0.1 0.0 17525 3415 1899 1359 1121 983 624 140 142 120 96 101 38 15 17 19 7 63.4 12.4 6.9 4.9 4.1 3.6 2.3 0.5 0.5 0.4 0.3 0.4 0.1 0.1 0.1 0.1 0.0 19720 3673 2248 1740 1260 1144 781 139 146 150 118 99 51 19 28 25 8 TOTAL 588 100.0 18782 100.0 27622 100.0 113 467 8 19.2 79.4 1.4 2314 16280 188 12.3 86.7 1.0 3116 24264 243 11.3 87.8 0.9 of which Europe Asia Others 1000 % share cgt of total 1000 % share gt of total 1000 TEU % share of total 62.9 11.7 7.2 5.6 4.0 3.6 2.5 0.4 0.5 0.5 0.4 0.3 0.2 0.1 0.1 0.1 0.0 1567 299 176 129 101 86 66 13 11 11 9 10 4 1 2 2 0 63.0 12.0 7.1 5.2 4.1 3.5 2.6 0.5 0.4 0.4 0.4 0.4 0.2 0.0 0.1 0.1 0.0 31348 100.0 2487 100.0 3852 27251 245 12.3 86.9 0.8 295 2172 21 11.8 87.3 0.8 1000 % share dwt of total 3.2.3 By yard of build as of January 1st, 2004 Yard cgt-% 1000 share cgt of total gt-% 1000 share gt of total dwt-% 1000 share dwt of total Ships of 300 gt and over TEU-% 1000 share TEU of total No of ships No-% share of total Hyundai, (Korea, Rep. of) Samsung, (Korea, Rep. of) Hanjin Heavy Ind., (Korea, Rep. of) Daewoo, (Korea, Rep. of) Ishikawajima-Harima Heavy Ind. (Japan) China SB Corp. (Taiwan) Koyo Dockyard (Japan) Mitsubishi Heavy Ind., (Japan) Aker MTW (Germany) Hudong Shipyard (China, PR of) Others 144 60 37 22 16 24 14 15 27 14 215 24.5 10.2 6.3 3.7 2.7 4.1 2.4 2.6 4.6 2.4 36.6 5999 2943 1449 898 818 742 621 620 510 473 3710 31.9 15.7 7.7 4.8 4.4 3.9 3.3 3.3 2.7 2.5 19.8 9090 4528 2198 1362 1251 1121 955 929 670 728 4792 32.9 16.4 8.0 4.9 4.5 4.1 3.5 3.4 2.4 2.6 17.3 9778 5171 2623 1694 1395 1260 967 967 895 827 5770 31.2 16.5 8.4 5.4 4.5 4.0 3.1 3.1 2.9 2.6 18.4 805 409 198 121 117 101 81 81 66 67 442 32.4 16.4 8.0 4.9 4.7 4.1 3.2 3.3 2.6 2.7 17.8 TOTAL 588 100.0 18782 100.0 27622 100.0 31348 100.0 2487 100.0 cgt-rank 62 SSMR June 2004 II - 3 Ship type survey - container ships ISL 3.2.4 By division of TEU-size class as of January 1st, 2003 Ships of 300 gt and over No-% TEU size-class < 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 6500 7000 > = = No of ships unknown 1499 1999 2499 2999 3499 3999 4499 4999 5499 5999 6499 6999 7999 8000 TOTAL cgt-% share of total 1000 cgt 14 85 33 40 63 29 7 67 28 34 40 11 18 33 86 2.4 14.5 5.6 6.8 10.7 4.9 1.2 11.4 4.8 5.8 6.8 1.9 3.1 5.6 14.6 588 100.0 gt-% share of total 1000 gt 124 785 501 785 1347 765 225 1923 989 1277 1732 536 874 1799 5120 0.7 4.2 2.7 4.2 7.2 4.1 1.2 10.2 5.3 6.8 9.2 2.9 4.7 9.6 27.3 18782 100.0 TEU-% share share of total 1000 TEU of total 125 826 593 1035 1789 1027 320 2958 1513 1956 2665 825 1344 2768 7878 0.5 3.0 2.1 3.7 6.5 3.7 1.2 10.7 5.5 7.1 9.6 3.0 4.9 10.0 28.5 79 56 96 168 92 26 282 135 171 225 70 120 253 714 3.2 2.2 3.9 6.8 3.7 1.1 11.3 5.4 6.9 9.0 2.8 4.8 10.2 28.7 27622 100.0 2487 100.0 3.2.5 By yard of build and division of TEU-size as of January 1st, 2004 Ships of 300 gt and over (1) No Yard cgt - rank Hyundai, (Korea, Rep. of) Samsung, (Korea, Rep. of) Hanjin Heavy Ind., (Korea, Rep. of) Daewoo, (Korea, Rep. of) Ishikawajima-Harima Heavy Ind. (Japan) China SB Corp. (Taiwan) Koyo Dockyard (Japan) Mitsubishi Heavy Ind., (Japan) Aker MTW (Germany) Hudong Shipyard (China, PR of) Others TOTAL % share of total (2) 1000 cgt (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) (1) (2) TEU-size class <=1499 1500 1500 2000 2500 4000 4500 5000 5500 6000 6500 7000 TOTAL (a) -1999 -1999 -2499 -3999 -4499 -4999 -5499 -5999 -6499 -6999 -7999>=8000 2 18 2 19 95 872 2 33 2 28 4 56 25 384 1 20 4 100 17 323 18 342 22 472 8 168 33 707 6 168 5 144 25 678 13 394 16 415 6 179 11 310 8 215 13 409 18 633 8 281 1 40 1 35 - 21 814 13 463 - 5 223 8 359 9 376 11 474 6 258 1 43 6 291 2 99 3 147 - 6 291 2 98 10 486 - 25 1409 8 390 - 22 1304 36 2169 9 528 9 556 5 289 5 274 144 5999 60 2943 37 1449 22 898 16 818 24 742 14 621 15 620 27 510 14 473 215 3710 (1) 99 33 40 63 36 67 28 34 40 11 18 33 86 588 (2) 909 501 785 1347 990 1923 989 1277 1732 536 874 1799 5120 18782 (1) 16.8 5.6 6.8 10.7 6.1 11.4 4.8 5.8 6.8 1.9 3.1 5.6 14.6 100.0 (2) 4.8 2.7 4.2 7.2 5.3 10.2 5.3 6.8 9.2 2.9 4.7 9.6 27.3 100.0 (a) inclusive 14 Ships with 124.5 cgt of which TEU is unknown (Source: ISL Bremen 2004, based on quarterly updates from LR/Fairplay) SSMR June 2004 63 III - 1 Port surveys - container ports ISL 1.1 World container port traffic by country 1995 - 2002 in 1000 TEU 2002 (2001) rank (rank) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 Country (1) China, PR of (Hong Kong) (2) US (3) Singapore (4) Japan (5) Taiwan (6) South Korea (7) Germany, FR of (8) Italy (10) Malaysia (11) UK (9) Netherlands (12) Spain (14) UAE (13) Belgium (16) Indonesia (15) Australia (17) Thailand (20) Canada (19) France (18) Philippines (22) India (21) Brazil (28) Saudi Arabia (23) Panama (25) South Africa (29) Turkey (26) Sri Lanka (30) Greece (32) Mexico (31) Israel (24) Puerto Rico (33) Oman (36) New Zealand (35) Malta (27) Egypt (34) Chile (39) Canary Islands (40) Finland (41) Venezuela (42) Jamaica (38) Hawaiian Islands (44) Portugal (45) Pakistan (43) Sweden (37) Argentina (56) Russia (46) Ireland (47) Colombia (49) Iran (52) Ivory Coast (48) Bahamas (50) Costa Rica (53) Peru (55) Ecuador (51) Denmark (54) Dominican Rep. (57) Morocco (59) Lebanon (58) Uruguay (60) Cyprus Others + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + + average growth rate in % 1995-2002 1995 1996 1997 1998 1999 2000 2001 17232 ... 19104 11846 10604 7849 4503 4451 2992 2075 4726 4880 3165 3512 2863 2048 2280 1962 1740 1693 1892 1360 1414 1090 484 1360 738 1029 811 557 888 1626 142 793 554 1063 540 536 548 215 395 577 444 551 734 254 167 745 ... 174 261 ... 195 ... 285 467 ... 194 129 138 374 4277 18698 ... 21777 12944 11033 7866 5078 4766 3768 2550 5676 5117 3455 3750 3211 1764 2484 2052 1996 1841 2336 1506 1424 1148 617 1431 675 1356 737 683 990 1630 ... 894 632 911 633 577 650 245 478 731 510 555 770 530 239 1050 ... 244 310 ... 212 ... 323 476 ... 213 259 ... 564 4387 19929 ... 21766 14135 10847 8516 5637 5916 4690 2843 6111 5638 4102 3654 3616 2479 2668 2124 2212 2166 2492 1738 1377 1287 1581 1467 718 1687 845 832 1090 1972 ... 950 704 994 711 843 767 606 497 875 522 505 797 720 292 1192 ... 260 416 ... 227 322 376 477 ... 211 310 ... 403 3632 24708 ... 24165 15136 10523 8858 6460 6128 5857 3026 6520 6062 4757 4448 4053 2000 2845 2639 2355 2496 2442 1989 1437 1367 1426 1658 1262 1714 1120 669 854 2071 139 887 1119 805 759 739 712 830 671 844 596 701 780 807 215 1289 420 326 469 ... ... 378 407 446 ... 261 290 ... 214 2347 29392 ... 25165 15999 12104 9758 7303 6662 6022 3978 6120 6529 5171 4850 4475 3552 3092 2892 2703 2663 2966 2064 2182 1448 1262 1342 1325 1704 1187 1127 1254 2150 774 994 1091 1415 1099 1002 657 755 608 545 611 697 849 1122 249 663 730 331 354 544 590 376 400 497 ... 296 271 250 239 5178 40984 ... 27315 17096 13130 10511 9030 7696 6919 4642 6435 6407 5790 5056 5058 3798 3543 3179 2928 2923 3032 2451 2413 1503 1357 1847 1592 1733 1391 1162 1316 1946 1190 1067 1082 1626 1253 1029 928 675 766 1021 670 775 884 1145 316 721 792 428 434 572 574 461 414 569 566 329 263 287 259 3946 44726 ... 27308 15573 12981 10426 9287 8427 7073 6225 7058 6227 6156 5082 5110 3902 3775 3387 2890 2998 3091 2765 2324 1677 1590 2021 1527 1727 1412 1358 1378 1886 1332 1139 1206 1709 1081 1077 1019 924 983 1047 734 879 851 1021 609 722 577 602 544 ... 564 538 414 457 488 347 299 302 243 5697 55717 ... 29679 16986 13501 11605 11543 9122 7918 7542 7060 6742 6669 5872 5758 4540 4272 3801 3300 3278 3271 3243 2923 1930 1852 1802 1777 1765 1660 1562 1461 1426 1415 1414 1289 1223 1147 1158 1092 1078 1065 ... 970 966 915 847 796 775 603 ... 579 ... ... ... 463 457 431 376 299 293 234 6877 24.6 ... 8.7 9.1 4.0 11.3 24.3 8.3 11.9 21.2 0.0 8.3 8.3 15.6 12.7 16.4 13.2 12.2 14.2 9.3 5.8 17.3 25.8 15.1 16.4 -10.9 16.4 2.2 17.6 15.0 6.0 -24.4 6.3 24.1 6.9 -28.4 6.2 7.5 7.2 16.7 8.3 ... 32.2 9.9 7.5 -17.0 30.6 7.4 4.5 ... 6.5 ... ... ... 11.6 0.0 -11.7 8.4 -0.2 -2.9 -3.9 18.3 ... 6.5 5.3 3.5 5.7 14.4 10.8 14.9 20.2 5.9 4.7 11.2 7.6 10.5 12.0 9.4 9.9 9.6 9.9 8.1 13.2 10.9 8.5 21.1 4.1 13.4 8.0 10.8 15.9 7.4 -1.9 38.9 8.6 12.8 2.0 11.4 11.6 10.4 25.9 15.2 ... 11.8 8.4 3.2 18.8 25.0 0.6 ... ... 12.0 ... ... ... ... -0.3 ... 9.9 12.8 11.4 -6.5 137239 150752 163744 178495 203207 231689 243815 266337 9.2 9.9 + compare footnotes and remarks on page 61 64 TEU-% change over 2002 prev. year SSMR June 2004 III - 1 Port surveys - container ports ISL 1.1 World container port traffic by country 1995 - 2002 (continued) 1997 Figures not available for Latvia, Uruguay, Russia and Guam. 1998 1999 2000 2001 Figures not available for Costa Rica and Ivory Coast. Figures not available for: Angola, Antigua & Barbuda, Austria, Benin, Gambia, Guam, Haiti, Honduras, Madeira, Switzerland and Ukraine. Others include Bahrain, Bangladesh, Barbados, Fiji, Gibraltar, Guadeloupe, Guinea, Hungary, Martinique, New Caledonia, Saint Lucia, Tanzania, Trinidad & Tobago. Others exclude Bahamas, Cameroon, Croatio, Kenya, Lebanon, Montenegro, Myanmar, Namibia, Nicaragua. 2002 Others exclude Brunei, Costa Rica, Hawai, Honduras, Iran, Kuwait, Peru, Seychelles. Footnotes (+) in alphabetical order: 2000: excl. La Plata, Puerto Deseado, Rosario, Ushuaia, Zarate; Argentina Australia: 1996: excl.Gladstone; Brazil: 1994: excl. Manaus, Recife; 1995: estimate; 1996: excl. Belem, Fortaleza, Ilheus;1997: excl. Salvador; 1998: excl. Paranagua; 2001: excl. Rio de Janairo, excl. Suape; Canary Islands: Chile: China PR of: 1995: excl. Arrecife, Rosario; 2001: excl. Santa Cruz de la Palma; 2000: excl. Chanaral, Talcahuano; 2001: excl. San Vincente; 1995: excl. Huangpu; 1996: excl. Chiwan, Dalian, Foshan, Fuzhou, Nanjing, Ningbo, Qingdao, Qinhuangdao, San Shan; since 1995 incl. Hong Kong; 1997: excl. Gaolan, Tianjin, Xiamen; Separate figures for Hong Kong: TEU; TEU; 1995: 12550 TEU; 1996: 13460 TEU; average growth rate 1991-1996: 16.9%; TEU-% change over prev. year: 7.3%; 2000: excl. Zhanijang; 2001: excl. Gaolan, Jiangmen, Jiuzhou, San Shan, Shantou, Shekou; 2002 excl. Shantou Costa Rica: Cyprus: Denmark Domenican Republic: Egypt: Finland: France: Germany: Greece Hong Kong Iceland: India: Indonesia: Italy: Japan: 1995 and 1996: units only; 1997: estimated units only; 1994: excl. Famagusta; 2000: excl. Esbjerg; 2001: excl. Boca Chica, Puerto Plata, Santo Domingo; 1996: excl. Alexandria; 2002: excl. Port Said; 1994: excl. Hamina; 1997: excl. Bordeaux; 2000: excl. Sete; 1995: excl. Emden; 1998: excl. Germersheim; 2000: excl. Emmerich; 2001: excl. Lubeck; 2002 excl. Mnnheim; 2000: excl. Heraklion; until 1994 Hong Kong is included in Others and from 1995 in China, PR of; see remark China, PR of.; 1994: Reykjavik only; 1996: excl. Cochin; 1997: excl.Kochi; 2001: excl. Cochin, Kandla; 1996: excl. Tanjung Perak;1997: excl. Tanjung Perak; 1997: excl. Salerno; 1998: excl. Naples; 2001: excl. Brindisi 1996: excl. Chiba, Hachinohe, Hitachi, Hoshohima, Imabari, Iwakuni, Kanazawa, Komatsu, Maizuru, Matsuyama, Naoetsu, Sakaiminato, Shibushi, Tokuyama, Toyama Shinko, Tsuruga, Wakayama; 1997: excl. Akita; 1998: excl. Kanazawa, Maizuru, Mitajiri, Toyama Shinko; 1999: excl. Chiba, Hachinohe, Kawasaki, Shimonoseki, Yokkaichi; 2001: excl. Kanazawa; 2002: excl. Hitachi; Latvia: Malaysia: Mexico: Morocco: Netherlands Netherlands: New Zealand: Panama: Philippines: Poland: Saudi Arabia: Singapore South Korea: Sweden: Trinidad & Tobago: Turkey: UAE: UK: 1996: annualised part year figure; 1997: excl. Sandakan; 2001: excl. Penang; 2002: excl. Kota Kinabalu; 1995: excl. Acapulco, Mazatlun, Progreso, Salina Cruz; 1998: excl. Manzanillo; 1996: excl. Tangier; 1997: excl. Tangier; 2001: excl. Tangier; 2000: excl. Flushing, Nijmegen; 1998: excl. Born; 2002: excl. Flushing; 1996: excl. Wellington;1997: excl. Onehunga; 1998: excl. Onehunga; 2001: excl. Onehunga; 1998: excl. Balboa, Cristobal, Las Minas Bay; 2002; excl. Cristobal; 1997: excl. Subic Bay; 1994: excl. Gdansk; 1996: excl. Gdansk; 1997: excl. Gdansk; 1998: excl. Gdansk; 1999: excl. Gdansk; 1998: excl. Jubail; 2002: excl. Janbu; since 2000 incl.Jurong; 1995: Busan only; 2002 excl. Inchon; 2001: excl. Vasteras; 1997: excl. Point Lisas; 1996: excl. Bandirma, Gemport, Iskenderun, Mersin, Samsun;1997: excl. Gemport, Haydarpasa, Iskenderun, Mersin; 1998: excl. Izmir; 1994: excl. Mina Saqr;1997: excl. Fujairah; 2001: excl. MinaZayed; 1995: excl. Larne, Teesport; 1996: excl. Larne, Harrwich, Immingham; 1997: excl. Grimsby, Ipswich; 1998: excl. Bristol, Clideport, Grangemoutj, Swansea, Warrenpoint; 1999: excl. Boston, Cardiff, Dartford, Dover, Tyne; 2000: excl.Purfleet; 2001: excl. Belfast, Harwich; 2002: excl.Datrford, Purfleet; Uruguay: US: 1996: estimate; Since 1994: excl. Hawaiian Islands; 1995: excl. Wilmington DE, Lake Charles, Anchorage; 1996 & 1997: excl. Beaumont, Brunswick, Lake Charles average growth rate 1991- 1996: incl. Hawaiian Is.: total value 1996: 21319 TEU, average growth rate: 6,5%; 2002 excl. Venzuela: 1994: Puerto Cabello only; 2000: excl. Maracaibo; 2002: excl. La Guaria; (Source: Compiled from Containerisation International Yearbook 2004 and various previous issues) SSMR June 2004 65 III - 1 Port surveys - container ports 1.2 ISL Total container traffic of selected ports by region 1999-2003 1.2.1 America 1999 2000 2001 2002 % change over prev. 2003 Period 4354 4998 5634 6106 7179 (1) Total containers handled (in 1000) Port Tare (Country) Los Angeles (US) Long Beach (US) New York / New Jersey (US) Oakland (c) (US) Tacoma (d) (US) San Juan (b) Period Unit weight (1) (1) CY TEU ... RT (2) (1) CY (1) CY (1) CY (1) Port of Virginia (1) (US) (2) Santos (1) (Brazil) (2) Vancouver (1) (Canada) (2) Savannah (1) (US) (2) Seattle (1) (US) (2) Houston (1) (US) (2) Kingston (c) (1) (Jamaica) (2) (1) FY CY MT CY FY CY CY TEU CY TEU MT MT CY Miami (1) (US) (2) FY ... ... 2.9 1.4 81033 87193 83728 82133 81400 -0.9 0.1 2829 3050 3316 3749 4068 8.5 9.5 ... ... ... ... ... ... ... 1708 1923 12.6 3.7 21667 24397 12.6 563.3 1271 1376 1324 1471 1738 18.2 8.1 excl. 7202 7374 7374 9225 11148 20.8 11.5 1884 1830 1740 1690 1666 -1.4 -3.0 excl. 6627 6584 6189 6585 6590 0.1 -0.1 1307 1348 1304 1438 1646 14.5 5.9 excl. 10117 10857 10475 11642 12694 9.0 5.8 775 945 1048 1224 1560 27.4 19.1 incl 8651 10469 11335 13456 16783 24.7 18.0 1070 1163 1147 1458 1539 5.5 9.5 excl. 9004 9978 10073 12031 12615 4.9 8.8 849 1018 1077 1328 1521 14.6 15.7 excl. 6303 6961 ... ... 10045 ... 12.4 1490 1488 1315 1439 1486 3.3 -0.1 excl. 10718 11664 9942 9704 9791 0.9 -2.2 1031 1074 1058 1147 1244 8.4 4.8 9006 9648 9181 9888 10813 9.4 4.7 689 766 859 927 1140 23.0 13.4 excl. 5239 6907 6683 7393 8115 9.8 11.6 993 1014 989 1055 1109 5.1 2.8 excl. 9148 9205 8718 9446 9755 3.3 1.6 778 868 956 981 1041 6.2 7.6 incl 6076 7800 7906 8113 7875 -2.9 6.7 excl. TEU MT ... 4658 1644 TEU MT (2) ... 4526 21215 TEU MT ... 4463 1777 TEU MT ... 4601 22814 TEU MT ... 4408 13 TEU degree of containerisation (a) 2003 13.3 1664 TEU MT 17.6 excl. TEU MT CY excl. TEU MT (2) excl. TEU RT (2) ... TEU MT (2) (2) (Canada) TEU (2) (Puerto Rico) Montreal FY (2) Container tonnage (in 1000 t) Av. growth rate ... 96.9 ... 99.8 96.8 82.4 100.0 74.1 79.0 ... 98.2 ... 88.4 95.9 ... (a) Degree of containerisation calculated on the basis of total general cargo traffic. (b) Excluding transhipment. (c) Including transhipment counted incoming only. (d) Container tonnage includes weight of empty containers. Fig. III - 1: Container traffic at major American ports by region 1994-2003 (TEU index) Note: Based on number of containers handled at the major ports which are presendet in table 1.2.1. Source: ISL Port Data Base 2004 © 66 SSMR June 2004 ISL2004 III - 1 Port surveys - container ports ISL 1.2.2 Asia (1) Total containers handled (in 1000) Port Tare (Country) Hong Kong (China, PR of) Singapore (Singapore) Shanghai (China, PR of) Shenzhen (China, PR of) Busan (Korea, Rep. of) Period Unit weight (1) (1) (1) (1) (2) Dubai Ports (1) (1) (Malaysia) (2) (1) (China, PR of) (2) Tanjung Pelapas (1) (China, PR of) Tokyo (1) (1) Guangzhou (1) TEU CY TEU MT FT CY CY (1) (2) Laem Chabang (1) FY 15945 17087 15571 16941 18411 8.7 3.7 excl. 176711 185857 171209 183955 191688 4.2 2.1 4206 5613 6340 8620 11280 30.9 28.0 ... ... ... ... ... ... ... 2984 3794 5076 7614 10650 39.9 37.4 ... ... ... ... ... ... ... excl. ... 5527 7499 7954 9409 10247 8.9 16.7 excl. 81039 111702 122320 139919 ... 14.4 20.0 6985 7426 7541 8493 8843 4.1 ... excl. 21641 24279 24242 26886 28120 ... ... 2845 3059 3502 4194 5152 22.8 16.0 23188 24351 27553 32683 ... 18.6 12.1 2550 3207 3760 4533 4841 6.8 17.4 43853 48097 59861 63279 68539 8.3 11.8 excl. excl. 1542 2120 2639 3410 4240 24.3 28.8 ... ... ... ... ... ... ... ... ... 418 2050 2660 3487 31.1 ... ... ... ... ... ... ... ... ... 1302 1708 2011 2408 3000 24.6 23.2 ... ... ... ... ... ... ... ?? excl. ... TEU ... (2) 6.0 7.5 TEU ... CY 6.8 10.3 TEU FT CY 20449 146916 TEU MT CY 19144 133151 TEU ... CY 17826 122008 TEU ... (2) (China, PR of) (Thailand) CY ... TEU MT 2003 18098 TEU MT (2) (2) Ningbo CY 2002 120959 TEU RT (2) (Japan) (China, PR of) CY 2001 16211 TEU ... (2) Port Kelang Tianjin CY 2000 110097 TEU MT (2) (1) (Malaysia) CY 1999 excl. TEU FT (2) (Taiwan) Qingdao CY (2) (1) TEU MT (2) Kaohsiung (UAE) CY (2) (2) Container tonnage (in 1000 t) % change over prev. Av. growth period rate excl. 2695 2899 2596 2784 2838 1.9 1.3 36838 39148 34747 37112 ... 6.8 0.2 1179 1429 1738 2180 2770 27.1 23.8 ... ... ... ... ... ... ... 601 902 1213 1860 2750 47.8 46.3 ... ... ... ... ... ... ... 1756 2111 2307 2657 3181 19.7 16.0 16568 19101 21364 25593 ... ... ... degree of containerisation (a) 2003 86.8 92.7 ... ... ... 61.4 88.6 92.0 ... ... ... 44.9 # ... ... ... (a) Degree of containerisation calculated on the basis of total general cargo traffic. Figures marked with # are based on the year 2002. Fig. III-2: Container traffic at major Asian ports by region 1994-2003 (TEU index) Note: Based on number of containers handled at the major ports which are presented in table 1.2.2. ISL 2004 Source: ISL Port Data Base 2004 © SSMR June 2004 67 III - 1 Port surveys - container ports ISL 1.2.3 Europe (1) Total containers handled (in 1000) Port Tare (Country) Rotterdam (Netherlands) Hamburg (Germany, FR of) Antwerp (Belgium) Bremen/Bremerhaven (Germany, FR of) Gioia Tauro (Italy) Algeciras - La Linea Period Unit weight (1) (1) (1) (1) (1) (1) (Spain) (2) Le Havre (1) (France) (2) (1) (1) (Spain) (2) Genoa (1) (Italy) (2) Piraeus (1) (Irish Republic) London (United Kingdom) Marsaxlokk (Malta) CY CY CY CY CY (1) CY (1) (1) CY (2) 4684 5374 6138 14.2 13.1 45888 49798 57187 64279 12.4 12.2 3614 4082 4218 4777 5445 14.0 10.8 incl 39442 44525 46410 53017 61350 15.7 11.7 2201 2752 2974 3032 3195 5.4 9.8 incl 21928 27722 29476 30287 31801 5.0 9.7 2253 2653 2488 2955 3149 6.6 8.7 ... ... ... ... ... ... ... ... 1835 2009 2152 2229 2563 15.0 8.7 incl 18785 20334 24153 25403 29398 15.7 11.8 1161 1308 1507 1821 1993 9.4 14.5 incl 12959 14135 16147 19758 22109 11.9 14.3 1378 1465 1523 1720 1985 15.3 9.5 incl 12816 13781 14569 16821 19133 13.7 10.5 2697 2793 2800 2684 2700 0.6 0.0 incl 24704 24931 24270 ... ... -1.8 -0.9 1235 1388 1411 1461 1652 13.1 7.6 incl 11532 12989 13430 13842 15344 10.9 7.4 1234 1501 1527 1531 1606 4.9 6.8 incl 11884 14272 14070 14151 15071 6.5 6.1 965 1161 1166 1405 1605 14.2 13.6 excl. 8683 10575 11283 13287 15398 15.9 15.4 1304 1380 1445 1503 1596 6.2 5.2 incl 14199 15202 15805 16712 17666 5.7 5.6 1462 1463 1453 1615 1557 -3.6 1.6 excl. 10360 10711 10986 12015 12233 1.8 4.2 1045 1033 1165 1244 1300 4.5 5.6 ... ... ... ... ... ... ... TEU MT (2) 4281 40596 TEU MT CY 3750 incl TEU MT (2) 3.3 2.5 TEU MT (2) 8.9 8.2 TEU MT CY 7107 70607 TEU MT CY 6526 65245 TEU MT CY 6078 61193 TEU MT TEU ... 2003 6268 TEU MT 2002 64256 TEU ... 2001 6245 TEU MT (2) Barcelona Dublin CY 2000 64065 TEU MT (2) Valencia (Greece) CY 1999 excl. TEU MT (2) (2) (United Kingdom) CY (2) (1) TEU MT (2) (Spain) Felixstowe (b) CY (2) (2) Container tonnage (in 1000 t) % change over prev. Av. growth Period rate ... degree of containerisation (a) 2003 73.7 93.4 72.3 81.5 ... 88.3 77.8 83.7 80.0 71.7 62.4 77.0 95.9 81.1 ... (a) Degree of containerisation calculated on the basis of total general cargo traffic. (b) Figures for 2003 are prelimanary. (b) Figures include transhipment counted incoming only. Fig. III - 3: Container traffic at major European ports by region 1994-2003 (TEU index) Note: Based on number of containers handled at the major ports which are presented in table 1.2.3. Source: ISL Port Data Base 2004 © 68 SSMR June 2004 ISL2004 III - 1 Port surveys - container ports 1.3 ISL Regional spreading of container traffic of selected ports 2003 1.3.1 American ports Region port (1) loaded, (2) discharged, (3) total (1) + (2) America Halifax (a) Houston Los Angeles (b) Montreal (b) New York / New Jersey Oakland Port of Virginia (b) Vancouver (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) Africa America 2.6 0.2 1.5 8.5 1.9 5.7 0.1 0.1 0.1 2.2 1.1 1.6 4.2 2.3 3.0 11.7 3.7 7.7 0.3 0.0 0.1 27.7 13.5 21.6 40.7 15.0 29.8 1.9 1.7 1.7 6.8 0.4 3.3 18.4 8.5 12.0 26.2 11.7 20.0 7.6 13.8 10.7 0.1 0.1 0.1 Asia in % 34.7 19.4 28.1 7.6 10.8 9.0 84.6 94.2 92.0 2.7 1.2 1.9 39.2 49.8 46.0 67.0 74.7 70.3 35.6 35.7 35.6 99.2 98.8 99.0 Europe Oceania unknown 34.8 66.9 48.7 42.1 71.3 54.5 3.4 2.3 2.6 88.4 97.3 93.2 32.6 41.0 38.0 5.9 6.8 6.3 43.2 46.1 44.6 0.1 0.7 0.4 0.2 0.1 1.1 1.0 1.0 10.0 1.7 3.6 1.4 0.8 1.0 0.6 6.7 3.3 1.5 0.7 1.1 0.4 0.4 0.4 0.2 0.1 0.1 0.0 0.0 Total Unit in 1000 2506 1908 4414 522 386 907 853 2863 3716 4343 5103 9446 1449 2619 4068 733 547 1280 705 724 1429 7642 4973 12615 MT MT MT TEU TEU TEU TEU TEU TEU MT MT MT TEU TEU TEU TEU TEU TEU TEU TEU TEU MT MT MT Discrepancies due to rounding and exclusion of local traffic are possible; (a) figures for 2001; (b) figures for 2002. Units: TEU - Twenty feet equivalent unit ; MT - metric tons © ISL Port Data Base 2004 Fig. III - 4 North American ports - container traffic according to loading/unloading regions ISL2004 SSMR June 2004 69 III - 1 Port surveys - container ports 1.3 ISL Regional spreading of container traffic (continued) 1.3.2 Asian ports Region port (1) loaded, (2) discharged, (3) total (1) + (2) Asia Hong Kong Kaohsiung Keelung Kobe (a) Osaka (a) Tokyo (a) Yokohama (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) Africa America 1.9 0.6 1.3 2.0 2.7 2.3 2.3 1.2 1.6 0.6 0.5 0.5 0.2 0.1 0.1 3.3 1.3 2.3 29.4 10.9 20.9 25.0 28.6 26.6 17.8 16.2 16.8 21.5 28.1 25.0 10.3 9.2 9.7 34.2 24.8 28.7 14.8 35.3 24.8 Asia in % 50.5 80.0 64.1 57.9 42.3 50.8 74.6 78.5 77.0 64.8 59.1 61.8 83.2 80.6 81.8 45.1 54.4 50.6 74.8 51.1 63.2 Europe Oceania unknown 15.7 6.9 11.7 13.2 22.4 17.4 0.7 1.2 1.0 12.6 11.6 12.1 2.6 5.5 4.1 20.2 19.7 19.9 4.0 5.8 4.8 2.5 1.6 2.1 1.9 4.1 2.9 4.6 2.9 3.5 0.4 0.7 0.5 3.8 4.7 4.3 0.4 0.9 0.7 3.2 6.5 4.8 0.0 0.0 0.2 0.1 - Total Unit in 1000 8922 7610 16532 15344 12776 28120 569 878 1448 13048 14507 27555 696 802 1498 15188 21924 37112 1282 1221 2503 TEU TEU TEU MT MT MT TEU TEU TEU FT FT FT TEU TEU TEU FT FT FT TEU TEU TEU Discrepancies due to rounding and exclusion of local traffic are possible; (a) figures are for the year 2002. Units: TEU - Twenty feet equivalent unit ; MT - metric tons; FT - Freight tons © ISL Port Data Base 2004 Fig III - 5 Asian ports - container traffic according to loading/unloading regions ISL2004 70 SSMR June 2004 III - 1 Port surveys - container ports 1.3 ISL Regional spreading of container traffic (continued) 1.3.3 European ports Region port (1) loaded, (2) discharged, (3) total (1) + (2) Europe Antwerp Bremen/Bremerhaven Genoa Hamburg Le Havre Piraeus Rotterdam Valencia Zeebrugge (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) (1) (2) (3) Africa America 10.0 11.3 10.7 4.7 3.3 4.0 15.2 13.4 14.3 2.1 1.2 1.6 10.5 5.2 7.8 5.5 3.8 4.6 2.9 4.2 4.5 19.6 9.3 14.4 1.4 0.1 0.8 26.0 35.2 30.4 39.1 29.3 34.4 33.0 24.9 29.0 12.1 10.0 11.0 37.6 21.1 29.4 3.0 1.8 2.4 18.3 0.9 1.6 17.7 18.6 18.2 0.3 0.7 0.5 Asia in % 39.3 36.2 37.8 24.7 21.3 23.1 29.1 35.3 32.2 49.6 50.8 50.2 33.8 36.0 34.9 43.9 41.6 42.7 35.9 34.5 40.8 21.5 35.0 28.3 25.6 17.9 22.0 Europe Oceania unknown 23.3 16.3 19.9 31.5 46.1 38.4 18.9 16.5 17.7 34.7 37.1 53.8 15.7 37.2 26.4 31.7 49.9 40.9 41.0 60.2 52.9 30.0 17.5 23.8 71.8 77.9 74.6 0.7 0.9 0.8 0.0 0.0 0.0 0.1 0.0 0.1 1.5 1.0 1.2 2.4 0.4 1.4 0.0 0.0 1.9 0.2 0.2 0.9 0.2 0.6 0.8 3.3 2.0 0.7 0.1 0.4 3.7 9.8 6.7 0.0 0.0 0.0 15.9 2.9 9.3 10.2 19.4 14.8 0.1 0.1 0.1 Total Unit in 1000 2803 2642 5445 1671 1518 3190 804 802 1606 2982 3158 6140 995 989 1985 794 811 1605 3482 588 1166 993 1000 1993 540 473 1013 TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU TEU Units: TEU - Twenty feet equivalent unit ; MT - metric tons Discrepancies due to rounding and exclusion of local traffic are possible. © ISL Port Data Base 2004 Fig III - 6 European ports - container traffic according to loading/unloading regions ISL2004 SSMR June 2004 71 III - 2 Sea canals 2.1 ISL Monthly traffic overview 2003 - 2004 2.1.1 Shipping traffic tonnage in 1000 Panama Canal Year/ Month No of Net trans. tonnage Suez Canal Southbound Northbound No of trans. Net tonnage No of trans. Net tonnage Kiel Canal Westbound Eastbound No of Net trans. tonnage St. Lawrence Seaway Montreal-L.Ontario Welland Canal No of Net trans. tonnage No of trans. Gross tonnage No of trans. Gross tonnage 2003 January February March April May June July August September October November December 2004 1045 961 1085 1032 1011 950 955 938 860 958 994 936 21682 19851 21572 20421 20454 19148 20265 19675 18062 21579 20200 19087 635 649 669 663 608 638 682 689 649 666 664 683 21215 21165 23381 23755 22525 20552 22845 24000 23679 23996 22006 23348 590 569 693 678 693 626 660 647 618 672 647 679 20281 20906 24598 23691 23965 21772 23087 22673 22183 24043 24237 25478 1098 1095 1265 1128 1140 1101 1074 1064 1113 1156 1290 1276 1904 1875 2298 1970 2007 1858 1849 1764 1865 1964 2188 2209 1075 1068 1187 1220 1130 1108 1105 1101 1038 1193 1227 1241 1845 1955 2185 2208 2048 2036 1949 2019 1767 2039 2064 2250 209 302 345 246 333 290 291 381 182 2895 3405 3195 3300 3539 3359 3594 4641 2151 288 310 372 257 357 319 377 404 343 3809 3428 3532 3784 3776 3712 4175 5091 4047 January February March 1072 1050 1165 22961 21560 23463 662 636 694 22840 21630 24394 707 643 705 26287 24255 26313 1248 1249 1238 2253 2242 2232 1201 1202 1221 2275 2221 2367 - - - - 2.1.2 Goods traffic in 1000 metric tons Suez Canal Panama Canal St. Lawrence Seaway Kiel Canal Year/ Month MontrealEast- Westbound bound Total Southbound Northbound Total West- Eastbound bound Total Lake Ontario Welland Canal 2003 January February March April May June July August September October November December 2004 7199 6247 7216 6799 7258 6597 6908 7168 6439 7019 6779 6032 9340 9628 9308 8445 8559 8472 9340 9000 7369 9305 9955 9079 16539 15875 16524 15244 15817 15069 16248 16168 13808 16324 16734 15111 15498 15283 17491 17195 15999 16028 17466 17302 16098 18056 16602 18692 19130 19533 20922 20279 21233 19941 20902 21256 21152 22968 24973 23966 34628 34816 38413 37474 37232 35969 38368 38558 37250 41024 41575 42658 3374 3442 4304 3690 3437 3220 3080 3008 3081 3481 3897 4030 1828 1823 2042 2088 1814 1688 1701 1889 1790 1964 2120 2083 5201 5265 6345 5778 5251 4908 4781 4896 4871 5445 6018 6114 2706 3086 2873 3011 3157 3306 3797 3225 3717 3312 3203 3372 3481 3482 3517 3828 3693 3988 January February March 7381 6496 7435 10290 10000 10711 17671 16496 18146 17019 16839 19442 25270 21140 24917 42289 37979 44359 4006 4248 4190 2027 1967 2059 6032 6216 6249 - - (Source: ISL Bremen, based on data from Panama Canal Commission; Suez Canal Authority; Wasser-u. Schiffahrtsdirektion Nord, Kiel; St. Lawrence Seaway Authority) SSMR June 2004 72 III - 2 Sea canals - Kiel Canal ISL 2.2.2 Shipping transit traffic by type of vessels 2003 Number of ships Gross tonnage (in 1000 gt) Type Westbound Dry cargo incl. combined carriers Ro/Ro vessels Container ships Oil tankers Gas tankers Chemical tankers Other tankers TOTAL 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 Average growth 1989 - 2003 Eastbound TOTAL Westbound Eastbound TOTAL 7861 784 2442 1059 22 619 268 8073 892 2114 915 29 509 377 15934 1676 4556 1974 51 1128 645 19273 7602 11734 4961 122 2803 514 22453 8511 10243 4270 167 2211 669 41727 16113 21978 9231 289 5014 1183 13055 12262 12136 12268 10614 11594 11568 12585 15597 16201 15934 16197 17081 17906 17315 12909 12279 12333 12047 10498 11354 11411 12189 14845 15203 15002 14831 15911 16773 16445 25964 24541 24469 24315 21112 22948 22979 24774 30442 31404 30936 31028 32992 34679 33760 47010 42901 40656 39595 31757 34568 35929 28604 29826 32410 30935 32005 34150 36796 36109 48525 44422 43158 38897 32530 32984 34991 28787 28894 30059 28458 28009 31236 33265 32934 95535 87323 83814 78492 64287 67552 70920 57391 58719 62469 59393 60014 65386 70061 69042 -2.0 -1.7 -1.9 1.9 2.8 2.3 2.2.3 Transit goods traffic by commodity 1998-2003 in 1000 metric tons Commodity Mineral oil and derivates Westbound Eastbound 1998 1999 2000 2001 2002 2003 1998 1999 2000 2001 2001 2003 610 2422 2294 4233 6205 5673 8297 917 924 915 763 763 Coal 790 544 968 671 488 535 227 192 296 347 347 358 Wood 3256 2946 3568 3441 3464 3312 157 170 176 170 170 205 Wood pulp 998 972 1326 1146 1195 1276 30 49 65 81 81 123 Grains 915 690 780 1295 1235 1175 122 182 394 230 230 130 1602 1304 2180 2020 1739 2130 397 416 394 431 431 383 281 285 204 245 317 280 1262 1119 1304 1693 1693 1953 Fertilizers Fodder Iron and steel 2192 2181 3393 2995 3019 3633 853 689 854 852 852 925 Chemical products 1945 2136 2533 2287 2771 3259 1625 1548 1865 1707 1707 1902 Other bulk goods 1187 961 1062 1137 1093 1177 1976 2272 2828 3301 3301 3097 General cargo 10689 10789 13024 13652 15407 17053 6682 6362 8028 10547 10547 13226 TOTAL 26277 25101 33272 35094 36402 42127 14248 13923 17119 20123 20123 22914 Source: Wasser- und Schiffahrtsdirketion Nord, Jahresübersicht über den Schiffs- und Güterverkehr auf dem Nord-Ostsee-Kanal; various issues SSMR June 2004 73 III - 2 Sea canals - Kiel Canal 2.2 ISL Kiel Canal 2.2.1 Shipping and transit goods traffic 1993-2003 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 30936 59392.9 -1.0 1920 50667.2 31404 62469.0 5.2 1989 50499.5 30442 58719.3 -6.0 1929 48332.5 24774 57390.8 -2.3 2317 41046.6 24819 74045.6 29.0 2983 42439.9 24606 70756.0 -4.4 2876 41309.0 22909 67653.9 -4.4 2953 39026.7 26264 81907.2 21.1 3119 50394.9 26303 87549.6 6.9 3329 55219.2 26219 90994.8 11.1 3471 57300.9 27551 99880.5 9.8 3625 65044.3 12328 10906.1 -7.0 885 7060.0 12323 9894.7 -9.3 803 6660.6 12845 10811.6 9.3 842 6849.7 12281 11091.2 2.6 903 6869.0 12126 12533.0 13.0 1034 6817.5 12983 13495.0 7.7 1039 7346.0 12573 12554.8 -7.0 999 6961.9 12113 13176.4 5.0 1088 7466.7 12103 13201.1 0.2 1091 7252.0 12343 12583.5 -4.5 1019 7291.4 12246 12077.7 -4.0 986 7252.5 43264 70298.9 -2.0 1625 57727.2 43727 72363.7 2.9 1655 57160.1 43287 69530.9 -3.9 1606 55182.2 37055 68482.0 -1.5 1848 47915.7 36945 86578.6 26.4 2343 49257.4 37589 84251.0 -2.7 2241 48655.0 35482 80208.7 -4.8 2261 45988.6 38377 38406 38562 39797 95083.7 100750.6 103578.4 111958.2 18.5 6.0 8.9 8.1 2478 2623 2686 2813 57861.6 62471.3 64592.3 72296.8 Transit traffic No of ships 1000 gt gt-% change over prev. year Average ship size in gt Cargo in 1000 tonnes Sectional traffic No of ships 1000 gt gt-% change over prev. year Average ship size in gt Cargo in 1000 tonnes TOTAL TRAFFIC No of ships 1000 gt gt-% change over prev. year Average ship size in gt Cargo in 1000 tonnes Fig. III - 8: Kiel Canal - transit and sectional goods traffic 1983 - 2003 ISL2004 Continued 74 SSMR June 2004 Definitions ISL 1. Abbreviations and Symbols ARA Antwerp/Rotterdam/ AWES Amsterdam range Association of West European Shipbuilders km Kilometre loa lbs LDT LR/Fairplay LNG LPG LT Length overall Pounds Light displacement tons Lloyd's Register / Fairplay Liquefied Natural Gas Liquefied Petroleum Gas Long ton m mbd mdo MED MfA mill M/S M/T MT mtd mth mtw NCW NDRF Metre Million barrel per day Marine diesel oil Mediterranean Marine fishing area Million Motor ship Motor tanker Metric tons per ton fob delivered Month Per ton ex wharf Non-Communist World National Defence Reserve Fleet Not elsewhere classified Negligible Newly Industrialised b/d BHP Barrels per day Brake horsepower cgrt Compensated gross cgt cif CIS registered tonnage Compensated gross tonnage Cost, insurance, freight Commonwealth of CMEA CPE CPI cST cu.m Independent States Council of Mutual Economic Aid Centrally-planned Economies Consumer price index Centi Stokes Cubic metres (also m3) DB DH DIS Double Bottom Double Hull Danish International DS dwt d/y Ship Register Double Sides Deadweight tons Day/year EEC EFTA European Economic Community European Free Trade n.e.c. neg. NICs EU Association European Union NIS Countries Norwegian International FIM FY FAO Finmark Fiscal year Food and Agriculture no NODC Ship Register Number Non-oil Producing fio fob FT ft Organization of the United Nations Free in and out Free on board Freight tons Foot nrt nt NT $ NWE,NW Developing Countries Net register tonnage Net tonnage Taiwan Dollar Northwest Europe GATT General Agreement on Over all Ore/bulk/oil carrier Organization for Economic grt gt Tariffs and Trade Gross register tonnage Gross tonnage o.a. OBO OECD HP ibf Horsepower Intermediate bunker fuel O/O OPEC Cooperation and Development Ore/oil carrier Organization of Petroleum OR Exporting Countries Ordinary Register IMF IMO International Monetary Fund International Maritime Products carrier Product/ore-bulk- oil carrier in. Organization Inch P/C Pr/OBO ITF International Transport r Ro/ro RT Revised Roll-on/roll-off Revenue ton Workers Federation SSMR June 2004 SAR SBT SDR SEK ST Special Administration Region Ship segregated ballast tanks Special drawing rights Swedish Krona Short ton t TB TEU TKB T/S T/T Ton/tonne Tug/barge Twenty feet equivalent unit Tanker barge Tanker/steam Tanker/turbine ULCC USAC USD Ultra large crude carrier United States Atlantic Coast US Dollar VLCC Very large crude carrier WS Worldscale WTO World Trade Organization YR, YRS Year, Years ... Data not available; illogical Nil 0/0.0 Less than half of unit employed 1995-2004 From 1995 to 2004 inclusive 2003/04 Crop year, fiscal year etc., beginning in 2003 and terminating in 2004 * Estimate Billions means a thousand million Detailed items in tables do not necessarily add to totals because of rounding 75 Definitions ISL 2. World Merchant Fleet, New Construction Data, Trade and Traffic Statistics 2.1 Fleet and New Construction Data Includes all self-propelled sea-going trading ships and passenger ships of 300 gt and over, i.e. all ships intended for the carriage of goods and/or passengers. Naval units are excluded. Merchant fleet tables include laid-up tonnage and exclude US and Canadian Laker Fleet. Data are based on quarterly updates from Lloyd's Register/Fairplay (LR/Fairplay). Tables on merchant fleet exclude ships for which flag is unknown, as of January 1st, 2004 1217 ships with 5.5 mill dwt, 3.6 mill gt and includes ships with status "continued existence in doubt". Country of registration and country of domicile Country of registration indicates the country of the port of registry of a country (flag). The country of domicile indicates where the controlling interest of the fleet is located in terms of the parent company. This information is applicable to merchant fleet vessels of 1000 gt and above. Denmark includes Faeroes, Greenland. France includes New Caledonia, French Polynesia, Martinique, Guadeloupe, St. Pierre et Miquelon, Mayotte, Réunion, Wallis and Futuna Islands, French Austral and Antarctic Territories (Kerguelen), French Guyana. Netherlands include Netherlands Antilles, Aruba. New Zealand includes Cook Islands. Portugal includes Madeira. Spain includes Canary Islands. UAE includes Abu Dhabi, Dubai, Sharjah, Ras El Khaimah, Ajman, Fujairah, Umn al Qauiwain. Yemen, Rep. of, includes former Yemen, PDR of, and Yemen Arab. Rep. UK includes Isle of Man, Channel Islands, Br. Virgin Islands, Montserrat, St. Helena, Turks and Caicos Islands, Anquilla and Falkland Island. US includes Puerto Rico, Pacific Islands, Northern Mariana Islands. Analytical Groups of Countries OECD Countries as per January 1st, 2004 Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, FR of Germany, Greece, Hungary, Rep. of Korea, Iceland, Italy, Ireland, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, Turkey, UK and US. EU Countries Austria, Belgium, Denmark, Finland, France, Germany FR of, Greece, Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and UK. Developing Countries including NICs as per January 1st, 2004 Developing Countries include all flags except OECD Countries; 10 Major Open Registry Countries; Countries in Transition (former USSR, Albania, Estonia, Georgia, Hungary, Latvia, Lithuania, Mongolia, Poland, Romania, Slovenia, exYugoslavia); and except Gibraltar, Israel, Monaco, Taiwan, Singapore and Hong Kong. From January 2001 onwards the developing country classified as NIC is the PR of China. Development status based on United Nations: World Economic Outlook September 2003. Major Open Registries Countries permitting the registration of ships owned by non-residents. In general, ISL figures on open registry flags are restricted to the five major flags Liberia, Panama, Cyprus, Bahamas and Bermuda. Due to the extended ISL fleet data base the evaluation of additional open registry flags is possible. Thus, parts of the statistical analysis include besides the five "majors" further flags like Malta, St. Vincent, Marshall Islands, Vanuatu, Antigua & Barbuda and Cayman Islands (01.01.2000). ISL records (April issue) includes a seperate survey including the top 10 open registry countries. 2.2 Laid-up Tonnage, Broken-up Tonnage Laid-up tonnage: excludes US Reserve Fleet. Broken-up tonnage: includes ships sold for breaking. Figures on broken-up tonnage are not revised if vessels reported for breaking are trading again. 2.3 Merchant Ship Type Structures Basic Ship Types (a) Definition of terms used in merchant ship structures type classification. Tanker Single-deck vessel constructed and arranged for the carriage of liquid cargoes in tanks integral to the hull and include crude oil or non-hazardous (IMO code) refined products. Chemical tanker Vessel constructed and arranged for carrying hazardous (IMO code) cargoes in special tanks. Liquid gas tanker Vessel constructed and arranged for the carriage of liquefied gases either in integral tanks or independent tanks under pressure or refrigerated. Dry Bulk Dry cargo vessel. One deck, machinery aft with topside tanks capable of carrying a variety of self-trimming cargoes. Ore Carrier (Bulk Carrier) Dry cargo vessel, one deck, strengthening for ore cargoes. Ore/Bulk/Oil Carrier (OBO) Combination bulk carrier arranged for the carriage of either bulk dry cargoes or liquid cargoes in the same cargo spaces but not simultaneously. General Cargo Single or multi-deck general dry cargo vessel with facilities for loading/ discharging cargo. Specialised Carrier (Special Ship) Dry cargo vessel specially designed for the carriage of particular cargoes, incl. car-carriers. Reefer Specialised dry cargo vessel with 80 % or more insulated cargo space. RoRo Cargo Vessel arranged for Roll-on Roll-off loading / discharging of vehicles (road and/ RoRo Passenger or rail) as cargo and / or passenger conveyances. Container Ship (Full Container) Vessel fitted throughout with fixed or portable cell guides for the carriage of containers above and below the weather deck. Passenger Vessel which carries more than 12 fare paying passengers whether berthed or unberthed (ferries). (a) 76 Based on „An International Classification of Ships by Type“ (ICST (1994)) SSMR June 2004 Definitions ISL Basic Ship Type Structure and ISL Ship Type Aggregates MERCHANT SHIP LIQUID DRY BULK OHTER DRY CARGO STRUCTURES ISL SHIP TYPES Special Fleet Report Broken-up/ Laid-up tonnage etc. Oil tankers Tankers " " " " " " " " Oil tankers - Crude oil tankers - Crude/products tankers - Products tankers - Oil/chemical tankers - Other tankers Chemical tankers - Chemical tankers - other chemical tankers Chemical tankers " Tankers " Liquid gas tankers - LNG carriers - LPG carriers - other liquid gas carriers Liquid gas tankers " " Tankers " " Bulk carriers - Ore carriers - other bulk carriers Bulk carriers " Bulk carriers " OBO carriers - Ore/bulk/oil carriers - Ore/oil carriers - Bulk/oil carriers OBO carriers " " Bulk carriers " " General cargo ships of which General cargo ships, of which General cargo ships, of which Single-deck ships Multi-deck ships Special ships Reefer ships RoRo cargo ships Single-deck ships Multi-deck ships (a) (a) (a) - Single-deck ships - Multi-deck ships - Special ships - Reefer ships - RoRo cargo ships Container ships - Full container ships Passenger and cargo of which passenger ships (b) - Passenger ships - Cargo/RoRo passenger ships (a) Included in general cargo ships. Container ships Container ships Passenger and cargo passenger ships, of which Passenger ships Passenger ships Cargo/RoRo passenger ships " " (b) Including ships (berthed and unberthed) for passenger transport and passenger carrying vessels like general cargo passenger ships and ferries. Tonnage Specification In case of double measurement statistics refer to the higher of two sets of tonnages in a twin-tonnage ship. Gross tonnage: (grt/gt) grt indicates that the ship has been measured in accordance with tonnage regulations adopted prior to the coming into force of the International Convention on Tonnage Measurement of Ships 1969 on 18th July 1982. This Gross Tonnage is broadly, the capacity in cubic feet of the spaces within the hull, and of the enclosed spaces above the deck available for cargo, stores, fuel, passengers and crew, with certain exceptions, divided by 100. Thus, 100 cubic feet of capacity is equivalent to 1 gross ton. gt indicates that the ship has been measured in accordance with the requirements of the International Convention on Tonnage Measurement of Ships 1969 and is derived by formula in accordance with those requirements. Net tonnage: nrt is derived from the corresponding Gross Tonnage by deducting spaces used for the accomodation of the master, officers, crew, navigation and propelling machinery. (nrt/nt) nt is derived by formula in accordance with the requirements of the International Convention on Tonnage Measurement of Ships 1969. Deadweight tonnage: Unit of measurement expressed in tonnes of the maximum permitted load of a ship (i.e. the weight of cargo, passengers, fuel, stores and crew) when loaded down to its maximum summer load line. (dwt) Compensated gross tonnage (cgt): Calculated by multiplying the tonnage of a ship by a coefficient, which is determined according to type and size of a particular ship. Cgt is used as an indicator of volume of work that is necessary to build a given ship. 2.4 Trade and Traffic Statistics The definition used and the coverage of statistics presented vary considerably. In general, figures indicate metric units in all tables in which data are measured in weight, length or area. Cargo tonnage Containers Revenue ton (U.S.) Freight ton Harbour ton There are two bases for charging the carriage of cargo: weight and capacity (measurement). If 1 ton (20 cwt) of a cargo occupies more than 40 cubic feet than capacity is usually the basis. Cargoes are selected to give the best combination of payable tons by weight or measurement. are usually measured in terms of twenty-foot equivalent units (TEU), being total length of containers in feet divided by 20. A unit of cargo measurement found in all ports of the United States. It can not be defined in units either of weight or of space occupied by the cargo as it varies from port to port, from line to line, and from ship to ship, depending on the customs of the port and the nature of the cargo carried by the individual vessel. For any one port, however, and particularly for any one group of ships specializing in the same trade and carrying approximately the same kind of commodities the revenue ton represents a tangible unit of cargo measurement and is frequently used as the only means of expressing the total cargo of the ships. All United States ships show on their manifests their total revenue tonnage, and very often they also indicate the total weight of the cargo in long tons. A unit of volume or weight used for quoting freight rates, in which 40 cu.ft. or 2,240 lbs. are taken as the equivalent of one ton. Also called stevedore ton. The measurement or weight is generally at ship's option. For freight purposes the term ton may also be applied to a number of hundered weights to be the equivalent of one ton and varying according to the goods. 1000 kg or 1 cubic metre which ever yields the highest tonnage. SSMR June 2004 77 Market analyses Regional development trends Port profiles Benchmarking Traffic profiles of more than 340 major world ports © Cargo traffic … by loading categories … by commodities … by regions Container traffic … by regions ISL Port Data Base ....the most comprehensive data base in port traffic for Shipping traffic http:// www.isl.org [email protected] ISL Port Data Base 4 Port profiles - Regional Trends - Benchmarking - Market Analyses Services The ISL is currently in the process of expanding its information services. In addition to our regular statistical publications, the Shipping Statistics and Market Review and the Shipping Statistics Yearbook, we are increasingly providing individualised analytical data. 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Data Structure The ISL Port Data Base includes data starting 1980 on a yearly basis on the following items: 4Shipping traffic (no of ships, ship tonnage) 4Cargo traffic (foreign, domestic and transit traffic) 4Loading categories (general cargo, dry bulk and liquid bulk) 4Major bulk goods (iron ore, coal, grain, crude oil and oil products) 4Container traffic (TEU/no of full and empty containers, container tonnage) 4Continental spreading of cargo traffic by loading categories for selected ports since 1996 4Continental spreading of container traffic for selected ports since 1995 Figures with the exception of shipping traffic are available by direction (loaded/discharged). Basis of calculation 2004 Our basis of calculation for the total cost of a database extract is as follows: € 50.- basic fee, plus € 0.50 per item, plus postage and packing and in case of inland sale plus VAT (MWSt). The basic fee includes the setting up of a suited layout, the addition of the necessary explanatory remarks and footnotes as well as the transmission of the data by fax and/or by E-Mail. By subscribing to a specified analysis on a yearly basis, you will save the basic fee and get an additional 20 per cent off the other costs starting the second year. Our comprehensive standard port profiles including data on shipping, cargo and container traffic, loading categories and major bulk goods over a ten-year period (610 items altogether) as well as a number of graphs may be purchased at the price of € 160.- per port. When subscribing to these profiles, you will receive updates for each port at € 30.- per year as soon as the figures are available to us. Contact If you have any questions regarding our Port Data Base, or if you are interested in any of the above, please contact our specialists of the Port Data Base Team. Institute of Shipping Economics and Logistics (ISL) Universitätsallee GW 1, Block A 28359 Bremen Germany Fax: Phone: +49-421-22096-77 +49-421-22096-32 (Mrs. Heideloff) +49-421-22096-33 (Mr. Stockmann) E-Mail: Internet: [email protected] http://www.isl.org ISL Port Data Base - Criteria SHIPPING TRAFFIC Total shipping traffic No of ships Ship tonnage of which ferry traffic No of ships Ship tonnage PASSENGER TRAFFIC st as of January 1 , 2003 by direction (either arrivals, departures or arrivals plus departures) (total only) (in gt, nt or dwt) (total only) (either arrivals, departures or arrivals plus departures) (total only) (in gt, nt or dwt) (total only) (no of passengers) by direction Total passenger traffic X of which ferry traffic X CARGO TRAFFIC (in 1000 metric tonnes, revenue tonnes, freight tonnes or harbour tonnes) by region* by region* by direction by region* Total traffic X X of which Foreign traffic X Domestic traffic X Transit traffic (total only) of which Ferry traffic COMMODITIES X (in 1000 metric tonnes, revenue tonnes, freight tonnes or harbour tonnes) by direction by region* General cargo X X Dry bulk X X of which Iron ore X Coal X Grain X Others X Liquid bulk X of which Crude oil X Oil products X Others X CONTAINER TRAFFIC X by direction by region* X Total no of containers (in TEU or no of units) X of which Full containers (in TEU or no of units) X Total tonnage (in 1000 metric tonnes, revenue tonnes, freight tonnes or harbour tonnes) X of which cargo weight (excl. tare weight) (in 1000 metric tonnes, revenue tonnes, freight tonnes or harbour tonnes) X Degree of containerization (in per cent of general cargo) X (total only) * Africa, America, Asia, Europe, Oceania www.isl.org [email protected] Institute of Shipping Economics and Logistics Legal form Independent, private non-profit foundation Founded in 1954 Capacity 55 permanent staff members working in interdisciplinary teams Directorate Prof. Dr. Hans-Dietrich Haasis Prof. Dr. Manfred Zachcial Dr. Frank Arendt Prof. Dr. Carsten Boll Board of Trustees Decision-makers from trade, industry, science and politics Scientific Advisory Board Sponsoring Body Experts from trade, industry and science Companies and individual members from the maritime industry The Institute for Shipping Economics and Logistics (ISL) is one of the leading maritime + logistical research and consulting institutes in Europe. In the four departments Logistics Systems, Maritime Economics and Transport, Informations Logistics and Planning and Simulation Systems, the staff members work together in interdisciplinary project teams, well equipped with modern infrastructure in practice-oriented research and development projects. In the following areas analyses and consultancy are offered for companies of the maritime and transport industry as well as for Federal Ministries, German Länder, local authorities and the European Commission: Logistic Systems (Prof. Dr. Hans Dietrich Haasis): Strategic enterprise concepts; Supply Chain Management; cooperative net product systems; development and moderation of macro logistical systems; operational and macro logistical system integration of intermodal transport; configuration of regional networks and freight villages. Maritime Economics and Transport (Prof. Dr. Manfred Zachcial): Market observation and market analyses for the maritime industry; scientific advice of politics and industry; traffic forecasts, modelling of land/sea transport, transport planning; feasibility studies for ports and eCommerce developments, Economic Impact Studies. Information Logistics (Dr. Frank Arendt): Concepts and implementation of information and communication technologies in the transport industry; software applications for modal (truck, rail and vessel) and intermodal transport management covering order processing, resource management, accounting, and tracking and tracing; web-based applications, e.g. for intermodal tracking & tracing, and tariff enquiries; intra- and inter-company networking of information systems using EDI and XML; eBusiness and eCommerce applications; set up and support of local networks and their secure connection to the internet. Planning and Simulation Systems (Prof. Dr. Carsten Boll): Development and application of simulation models for micro- and macro transport, turnover and logistic processes; national and international consultancy services for port planning and storage capacity projects, establishment of an R&D Centre for Software Development in Bremerhaven; simulation and optimisation of operational processes in the maritime industry. http://www.isl.org