Monthly Newbuilding Market Report

Transcription

1 Monthly Newbuilding Market Report Issue: September 2015 Overview of Ordering Activity (per vessel type / Top Ranking of Contractors) page 1 Ordering Activity (No. of Units ordered, Dwt, Invested Capital) page 2 Overall - Greek Presence - Chinese Presence Newbuilding Trends (Ordering Activity per Vessel Size for main segments) page 3-4 Overall Greek Presence Overview of Ordering Activity (Top Shipbuilding Countries) page 5-6 Ordering Activity (No. of Units ordered, Dwt, Cbm, Teu) China Japan-Korea page 7 Newbuilding Trends (Ordering Activity per Vessel Size for main segments) page 8-10 GOLDEN DESTINY RESEARCH & VALUATIONS All the information contained in this report is given in good faith, but without any guarantee from our part, and is based on our S&P Market Reports and Insight Market Information provided and/or collected from various sources. This report is presented for the sole and exclusive information of its recipients and whilst every care has been taken in the preparation of this report, no representation or warranty, express or implied, is made by Golden Destiny S.A. in respect of the accuracy, completeness or correctness of the information contained herein. Neither our company nor its directors or employees assumes or accepts any liability whatsoever for any loss or damage incurred by any person whatsoever in relation to and/or as a result of the use of and/or due to any person s reliance on the information contained in this report. Furthermore, no responsibility is accepted in respect of any errors or inaccuracies which may be contained in this report.

2 GOLDEN DESTINY RESEARCH SERVICES WEEKLY PUBLICATIONS: Weekly S&P Market Report Weekly Secondhand /Demolition/Newbuilding Analysis Weekly Snapshot of Economic and Shipping Environment MONTHLY PUBLICATIONS: Monthly S&P Market Report Monthly Newbuilding Market Report Monthly Secondhand/Demolition/Newbuilding Analysis QUARTERLY/ ANNUAL PUBLICATIONS: Quarterly S&P Statistics for the pace of shipping investments Annual S&P Statistics for the pace of shipping investments SPECIAL EDITIONS: Weekly S&P Market Trends Overview of Market Values (Secondhand/Newbuilding Market) Other Reports / Analysis concerning the outlook of Secondhand / Demolition / Newbuilding Transactions For registration in GOLDEN DESTINY S RESEARCH VALUATIONS, you can contact directly by ing to snv@goldendestiny.com Website: Research & Valuations: snv@goldendestiny.com Sale & Purchase: snp@goldendestiny.com Marine Insurance: marins@goldendestiny.com GOLDEN DESTINY PIRAEUS: 57 AKTI MIAOULI TEL: FAX: ISTANBUL: UPRISE ELITE, C1AB BLOK, K: 5, D: 59, SOGANLIK, KARTAL,ISTANBUL 34880, TEL: FAX:

3 NEWBUILDING MARKET -Overview of Ordering Activity Per Vessel Type for Main Segments Top Ranking of Contractors September 2015 Previous Month m-o-m September 2014 y-o-y No. of Vessels Ordered % % Greek Presence % 15 13% Chinese Presence % 26 88% SEPTEMBER 2015: ORDERING ACTIVITY PER VESSEL TYPE Ro- Ro/Cruise; 8% Special Projects; 13% Bulk Carriers; 17% SEPTEMBER 2015: TOP RANKING OF CONTRACTORS RUS; 4% SKR; 4% N/A; 13% Containers; 17% MPP; 4% LPG- LNG; 11% Tankers; 24% GR-CYPR; 7% JPN; 13% PRC-HK; 21% Average Dwt Ordered: 74,133 Total Invested Capital: 7,246,480, NB deals reported at an undisclosed Contract Price Greek Presence: Total New orders 17 7% share to the total Ordering Activity Average Dwt Ordered: 78,066 Total Invested Capital: 813,000,000 2 NB deals reported at an undisclosed Contract Price Chinese Presence: Total New orders 49 21% share to the total Ordering Activity Average Dwt Ordered: 101,153 Total Invested Capital: 2,712,080, NB deals reported at an undisclosed Contract Price Per Vessel Type % change volume of activity Bulk Carriers Average Dwt Ordered: 98,936 36% m-o-m -47% y-o-y Total Invested Capital: 182,900, NB deals reported at an undisclosed Contract Price Tankers Average Dwt Ordered: 97,640 41% m-o-m 83% y-o-y Total Invested Capital: 2,020,500, NB deals reported at an undisclosed Contract Price LNG Tankers Average Cbm Ordered: 177, % m-o-m 233% y-o-y Total Invested Capital: 402,000,000 8 NB deals reported at an undisclosed Contract Price LPG Tankers Average Cbm Ordered: 60,700 - m-o-m 33% y-o-y Total Invested Capital: 871,000,000 2 NB deals reported at an undisclosed Contract Price Containers Average TEU Ordered: 6,733-7% m-o-m 150% y-o-y Total Invested Capital: 2,063,300,000 8 NB deals reported at an undisclosed Contract Price Page 1

4 Ordering Activity (No of Units Ordered, Dwt, Invested Capital) Greek Presence (No of Units Ordered, Dwt, Invested Capital) Chinese Presence (No of Units Ordered, Dwt, Invested Capital) Ordering Activity (Overall) NEWBUILDING MARKET Previous Month Previous Year Vessel Type Units Dwt ($) Invested P&C Units %m-o-m Units %y-o-y Bulk Carriers 38 3,759, ,900, % 72-47% Tankers 55 5,370,199 2,020,500, % 30 83% Gas Tankers-LNG , ,000, % 3 233% Gas Tankers-LPG , ,000, % 12 33% General Cargo/MPP 10 51, % 15-33% Containers 40 3,228,800 2,063,300, % % Reefers Passenger/Cruise 7 17, ,880, % 6 17% Ro-Ro 11 56, ,000, % - - Car Carrier , ,500, % Combined Special Projects 30 88, ,400, % 30 0% TOTAL ,381,822 7,246,480, % % GREEK PRESENCE 7% share to the total Ordering Activity Previous Month Previous Year Vessel Type Units Dwt ($) Invested P&C Units %m-o-m Units %y-o-y Bulk Carriers Tankers 8 1,098, ,000, % 9-11% Gas Tankers-LNG Gas Tankers-LPG 7 185, ,000, General Cargo/MPP Containers 2 44, Reefers Passenger/Cruise Ro-Ro Car Carrier Combined Special Projects TOTAL 17 1,327, ,000, % 15 13% CHINESE PRESENCE 21% share to the total Ordering Activity Previous Month Previous Year Vessel Type Units Dwt ($) Invested P&C Units %m-o-m Units %y-o-y Bulk Carriers 6 232, ,900, % 12-50% Tankers 4 655, ,000, % 4 0% Gas Tankers-LNG Gas Tankers-LPG 2 100, ,000, % General Cargo/MPP Containers 17 2,618,800 1,626,300, % Reefers Passenger/Cruise 1 12,500 41,880, % 1 0% Ro-Ro Car Carrier 8 224, ,000, % Combined Special Projects % 3 200% TOTAL 49 3,843,800 2,712,080, % 26 88% Page 2

5 NEWBUILDING TRENDS OVERALL Ordering Activity September 2015 for Main Segments Previous Month Previous Year Dwt Bulk Carriers Units Average Dwt Ordered Units %m-o-m Units %y-o-y 10,000-29,999 Handy 2 27, ,000-39,000 Handysize 16 37, % 17-6% 40,000-49,999 Handymax % ,000-59,999 Supramax 5 56, % 2 150% 60,000-67,000 Ultramax % % 70,000-78,999 Panamax % ,000-87,000 Kamsarmax 4 81, % 90,000-99,999 Post Panamax , ,999 Min Cape , ,999 Capesize 2 121, % >=220,000 VLOC 9 250, % TOTAL 38 98, % 71-46% Dwt Tankers Units Average Dwt Ordered Units %m-o-m Units %y-o-y less than 10,000 Small 10 6, % 2 400% 10,000-34,999 Handy 4 19, % 5-20% 35,000-54,999 MR-Handymax 17 49, % 7 143% 55,000-79,999 Panamax 6 74, , ,999 Aframax 2 111, % 4-50% 120, ,000 Suezmax 8 158, % 161, ,000 VLCC 8 305, % 4 100% TOTAL 55 97, % 30 83% LNG Tankers Units Average Cbm Ordered Units %m-o-m Units %y-o-y Small Medium VLGC , % 3 233% TOTAL , % 3 233% Cbm LPG Tankers Units Average Cbm Ordered Units %m-o-m Units %y-o-y 1,000-11,999 Small ,000-19,999 Handy 1 12, % 0-20,000-49,999 Medium 6 38, ,000-69,999 Large >=70,000 VLGC 9 81, % TOTAL 16 60, % 12 33% TEU Containers Units Average TEU Ordered Units %m-o-m Units %y-o-y Feeder / Feedermax ,000-1,999 Handy 21 1, % 11 91% 2,000-2,999 Sub-Panamax 8 2, % 0-3,000-4,999 Small Panamax % 0-5,000-7,999 Large Panamax % 0-8,000-10,000 Post Panamax >10,000 Post Panamax 11 19, % 5 120% TOTAL 40 6, % % Page 3

6 NEWBUILDING TRENDS - GREEK PRESENCE Ordering Activity for Main Segments September 2015 Previous Month Previous Year Dwt Bulk Carriers Units Average Dwt Ordered Units %m-o-m Units %y-o-y 10,000-29,999 Handy ,000-39,000 Handysize ,000-49,999 Handymax ,000-59,999 Supramax ,000-67,000 Ultramax % 70,000-78,999 Panamax ,000-87,000 Kamsarmax ,000-99,999 Post Panamax , ,999 Min Cape , ,999 Capesize >=220,000 VLOC TOTAL % Dwt Tankers Units Average Dwt Ordered Units %m-o-m Units %y-o-y less than 10,000 Small ,000-34,999 Handy ,000-54,999 MR-Handymax % 1-100% 55,000-79,999 Panamax 2 74, , ,999 Aframax % 4-100% 120, ,000 Suezmax 6 158, % 161, ,000 VLCC TOTAL 8 137, % 9-11% LNG Tankers Units Average Cbm Ordered Units %m-o-m Units %y-o-y Small VLGC % 0 - TOTAL % 0 - Cbm LPG Tankers Units Average Cbm Ordered Units %m-o-m Units %y-o-y 1,000-11,999 Small ,000-19,999 Handy 1 12, ,000-49,999 Medium 6 38, ,000-69,999 Large >=70,000 VLGC TOTAL 7 34, TEU Containers Units Average TEU Ordered Units %m-o-m Units %y-o-y Feeder / Feedermax ,000-1,999 Handy 2 1, ,000-2,999 Sub-Panamax ,000-4,999 Small Panamax ,000-7,999 Large Panamax ,000-10,000 Post Panamax >10,000 Post Panamax TOTAL 2 1, Page 4

7 NEWBUILDING MARKET -Overview of Ordering Activity Top Shipbuilding Countries Builder Country September 2015 Previous Month m-o-m September 2014 y-o-y China % 68 10% Japan % 73-25% S. Korea % % SEPTEMBER 2015: ORDERING ACTIVITY PER BUILDER SEPTEMBER 2015: ORDERING ACTIVITY -CHINA BC; 13% Other; 21% Korea; 22% China; 33% OTHER; 23% CONT; 41% TNK; 23% Japan; 24% SEPTEMBER 2015: ORDERING ACTIVITY -JAPAN SEPTEMBER 2015: ORDERING ACTIVITY -S. KOREA OTHER; 24% OTHER; 22% BC; 42% TNK; 36% CONT; 9% CONT; 8% LPG; 4% LNG; 15% TNK ; 9% LPG; 28% LNG; 4% China 75 New Orders 33% share to the total Ordering Activity Average Dwt Ordered: 88,809 Total Dwt Ordered: 5,239,760 Japan 55 New Orders 24% share to the total Ordering Activity Average Dwt Ordered: 83,881 Total Dwt Ordered: 4,529,597 S. Korea 50 New Orders 22% share to the total Ordering Activity Average Dwt Ordered: 81,690 Total Dwt Ordered: 4,084,520 Page 5

8 NEWBUILDING MARKET -Overview of Ordering Activity Top Shipbuilding Countries Per Vessel Type (Overall) Overall Per Vessel Type Units Average Dwt Ordered % change volume of activity Bulk Carriers 38 98,936 36% m-o-m -47% y-o-y China 10 63,800-29% m-o-m -58% y-o-y Japan ,591 92% m-o-m -52% y-o-y Korea m-o-m - y-o-y Units Average Dwt Ordered % change volume of activity Tankers 55 97,640 41% m-o-m 83% y-o-y China 17 96,556 6% m-o-m 70% y-o-y Japan 5 54, % m-o-m 83% y-o-y Korea , % m-o-m 29% y-o-y Units Average Cbm Ordered % change volume of activity Gas Tankers-LNG , % m-o-m 233% y-o-y China m-o-m - y-o-y Japan 8 85,628 - m-o-m - y-o-y Korea 2 83,000-33% m-o-m -33% y-o-y Units Average Cbm Ordered Gas Tankers-LPG 16 60, % m-o-m 33% y-o-y China m-o-m -100% y-o-y Japan 2 53, % m-o-m -60% y-o-y Korea 14 39,823 - m-o-m 600% y-o-y Units Average TEU Ordered % change volume of activity % change volume of activity Containers 40 6,733-7% m-o-m 150% y-o-y China 31 95,090 29% m-o-m 288% y-o-y Japan 5 39,000-78% m-o-m -38% y-o-y Korea 4 21,500 - m-o-m - y-o-y Page 6

9 NEWBUILDING MARKET Top Shipbuilding Countries Ordering Activity (No of Units Ordered, Dwt, TEU, Cbm) China 33% share to the total Ordering Activity Previous Month Previous Year Vessel Type Units Dwt TEU Cbm Units %m-o-m Units %y-o-y Bulk Carriers , % 24-58% Tankers 17 1,641, % 10 70% Gas Tankers-LNG Gas Tankers-LPG % General Cargo/MPP % Containers 31 2,947, , % 8 288% Reefers Passenger/Cruise 1 12, % 1 0% Ro-Ro % 0 - Car Carrier % Combined Special Projects % 18-22% TOTAL 75 5,239, , % 68 10% Japan 24% share to the total Ordering Activity Previous Month Previous Year Vessel Type Units Dwt TEU Cbm Units %m-o-m Units %y-o-y Bulk Carriers 23 2,888, % 48-52% Tankers , % 6 83% Gas Tankers-LNG 8 685, ,426, Gas Tankers-LPG 2 107, , % 5-60% General Cargo/MPP % Containers 5 195,000 14, % 8-38% Reefers Passenger/Cruise % Ro-Ro Car Carrier 2 10, Combined Special Projects 3 42, TOTAL 55 4,529,597 14,000 1,590, % 73-25% South Korea 22% share to the total Ordering Activity Previous Month Previous Year Vessel Type Units Dwt TEU Cbm Units %m-o-m Units %y-o-y Bulk Carriers Tankers 18 2,935, % 14 29% Gas Tankers-LNG 2 166, , % 3-33% Gas Tankers-LPG , , % General Cargo/MPP Containers 4 86,000 6, Reefers Passenger/Cruise Ro-Ro 2 56, Car Carrier , Combined Special Projects TOTAL 50 4,084,520 6,800 1,153, % % Page 7

10 Bulk Carriers NEWBUILDING TRENDS Top Shipbuilding Countries Ordering Activity for Main Segments Dwt Bulk Carriers Units China Japan Korea China Japan Korea China Japan Korea 10,000-29,999 Handy ,000-39,000 Handysize % -42% - 40,000-49,999 Handymax ,000-59,999 Supramax % - 60,000-67,000 Ultramax % -100% - 70,000-78,999 Panamax ,000-87,000 Kamsarmax % -83% - 90,000-99,999 Post Panamax , ,999 Min Cape , ,999 Capesize % -100% - >=220,000 VLOC % - - TOTAL % -51% - GREEK PRESENCE Dwt Bulk Carriers Units China Japan Korea China Japan Korea China Japan Korea 10,000-29,999 Handy ,000-39,000 Handysize ,000-49,999 Handymax ,000-59,999 Supramax ,000-67,000 Ultramax % - 70,000-78,999 Panamax ,000-87,000 Kamsarmax ,000-99,999 Post Panamax , ,999 Min Cape , ,999 Capesize >=220,000 VLOC TOTAL % - Page 8

11 Tankers NEWBUILDING TRENDS Top Shipbuilding Countries Ordering Activity for Main Segments Dwt Tankers Units China Japan Korea China Japan Korea China Japan Korea less than 10,000 Small % - 10,000-34,999 Handy % 33% - 35,000-54,999 MR-Handymax % -33% 55,000-79,999 Panamax , ,999 Aframax % 120, ,000 Suezmax % - 0% 161, ,000 VLCC % - - TOTAL % 83% 29% GREEK PRESENCE Dwt Tankers Units China Japan Korea China Japan Korea China Japan Korea less than 10,000 Small ,000-34,999 Handy ,000-54,999 MR-Handymax % - 55,000-79,999 Panamax , ,999 Aframax % 120, ,000 Suezmax % 161, ,000 VLCC TOTAL % -50% LNG Tankers LNG Tankers Units China Japan Korea China Japan Korea China Japan Korea Small Medium VLGC % TOTAL % GREEK PRESENCE LNG Tankers Units China Japan Korea China Japan Korea China Japan Korea Small VLGC TOTAL Page 9

12 LPG Tankers NEWBUILDING TRENDS Top Shipbuilding Countries Ordering Activity for Main Segments Cbm LPG Tankers Units China Japan Korea China Japan Korea China Japan Korea 1,000-11,999 Small % - 12,000-19,999 Handy ,000-49,999 Medium ,000-69,999 Large >=70,000 VLGC % -50% 250% TOTAL % -60% 600% GREEK PRESENCE Cbm LPG Tankers Units China Japan Korea China Japan Korea China Japan Korea 1,000-11,999 Small ,000-19,999 Handy ,000-49,999 Medium ,000-69,999 Large >=70,000 VLGC TOTAL Containers TEU Containers Units China Japan Korea China Japan Korea China Japan Korea Feeder / Feedermax ,000-1,999 Handy % -100% - 2,000-2,999 Sub-Panamax ,000-4,999 Small Panamax ,000-7,999 Large Panamax ,000-10,000 Post Panamax >10,000 Post Panamax % - TOTAL % -38% - GREEK PRESENCE TEU Containers Units China Japan Korea China Japan Korea China Japan Korea Feeder / Feedermax ,000-1,999 Handy ,000-2,999 Sub-Panamax ,000-4,999 Small Panamax ,000-7,999 Large Panamax ,000-10,000 Post Panamax >10,000 Post Panamax TOTAL Page 10