ORDERBOOK OBSERVER M A R C H

Size: px

Start display at page:

Download "ORDERBOOK OBSERVER M A R C H"

Neal Pitts
5 years ago
Views:

1 ORDERBOOK OBSERVER M A R C H 2 1 7

2 Tanker Orderbook by Builder Country Rank Country No. Mn Dwt Mn CGT Tanker Orders by Size Segment Share (%) of Total 1 South Korea % 2 China % 3 Japan % 4 Brazil % 5 Philippines % 6 Romania % 7 Spain % 8 Vietnam % 9 Iran % 1 USA % 8 6 Other % GLOBAL TOTAL # Vessels Handysize Panamax/ LR1 Suezmax MR Aframax/ LR2 VLCC Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Tanker Scheduled Deliveries MnDwt Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Tanker Orderbook by Builder Group Rank Shipbuilder No. Mn Dwt Mn CGT Share (%) of Total 1 HHI % 2 Dalian % 3 Daewoo % 4 New Times % 5 Samsung % 6 JMU % 7 HMD % 8 NACKS % 9 Sungdong % 1 Tsuneishi % 2

3 Average Size of Tanker Ordered & Built Average Duration of a VLCC Construction 21 k Dwt Ordered Built Years Tanker Orderbook at End of Period by Size Segment Mn Dwt Handysize MR Panamax / LR1 Aframax / LR2 Suezmax VLCC Feb-17 3

4 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Dry Bulk Orders by Size Segment # Vessels Handysize Handymax Panamax Kamsarmax PostPanamax Supramax Ultramax SmallCape Capesize Newcastlemax VLOC Dry Bulk Scheduled Deliveries 16 MnDwt Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Dry Bulk Orderbook by Builder Country Rank Country No. Mn Dwt Mn CGT Share (%) of Total 1 China % 2 Japan % 3 South Korea % 4 Philippines % 5 Vietnam % 6 India 2.1. % 7 Argentina.. % GLOBAL TOTAL Dry Bulk Orderbook by Builder Group Rank Shipbuilder No. Mn Dwt Mn CGT Share (%) of Total 1 Waigaoqiao % 2 YZJ % 3 Qingdao Beihai % 4 Tsuneishi % 5 Oshima % 6 HHI % 7 Imabari % 8 Namura % 9 Guangzhou % 1 JMU % 4

5 Average Size of Dry Bulk Ordered & Built k Dwt 25 Ordered Built 15 1 Average Duration of a Capesize Construction Years Dry Bulk Orderbook at End of Period by Size Segment Mn Dwt Handysize Handymax Panamax Kamsarmax PostPanamax Supramax Ultramax SmallCape Capesize Newcastlemax VLOC Feb-17 5

6 16 12 LNG Orders by Size Segment 8 4 # Vessels -5kCbm 15-kCbm FPSO FSU FSRU Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 LNG Orderbook by Builder Country Rank Country No. Mn Cum Mn CGT Share (%) of Total 1 South Korea % 2 Japan % 3 China % 4 Germany 1.. % 5 Poland 1.. % GLOBAL TOTAL LNG Scheduled Deliveries Mn CbM Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec LNG Orderbook by Builder Group Rank Shipbuilder No. Mn CuM Mn CGT Share (%) of Total 1 Daewoo % 2 Samsung % 3 HHI % 4 Mitsubishi % 5 Hudong % 6 Kawasaki % 7 Imabari % 8 JMU % 6

7 Average Size of LNG Ordered & Built k CuM Ordered Built Average Duration of Construction Years k Cbm 15-k Cbm LNG Orderbook at End of Period by Size Segment Mn CuM 3-5kCbM 5-1kCbM 1-15kCbM 15-kCbM +kcbm FLNG FSU Feb-17 7

8 LPG Orders by Size Segment 5 # Vessels SGC Handy MGC LGC VLGC Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 LPG Orderbook by Builder Country Rank Country No. Mn CuM Mn CGT Share (%) of Total 1 South Korea % 2 Japan % 3 China % 4 Philippines % 5 Brazil 1.. % GLOBAL TOTAL LPG Scheduled Deliveries.9 Mn CbM Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec LPG Orderbook by Builder Group Rank Shipbuilder No. Mn CbM Mn CGT Share (%) of Total 1 HHI % 2 HMD % 3 Jiangnan % 4 Mitsubishi % 5 Kawasaki % 6 Dalian % 7 Nantong Sinopacific % 8 Hanjin % 8

9 Average Size of LPG Ordered & Built 8 k CbM Ordered Built Average Duration of a VLGC Construction Years LPG Orderbook at End of Period by Size Segment Mn CbM 12 SGC Handy MGC LGC VLGC Feb-17 9

10 Containership Orderbook by Builder Country Rank Country No. k TEU Mn CGT Share (%) of Total 1 China 259 1, % 2 South Korea % 3 Japan % 4 Philippines % 5 Taiwan % 6 Brazil % 7 USA % 8 Croatia 2 4. % 9 Bangladesh 6 1. % 1 Vietnam 1 1. % Other 1. % GLOBAL TOTAL 432 3, Containership Scheduled Deliveries Mn TEU Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Containership Orders by Size Segment 6 # Vessels -1kTEU 1-2kTEU 2-4kTEU 4-5,1kTEU 5,1-8kTEU 9-11kTEU 11-14kTEU 14-16kTEU 18+kTEU Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Containership Orderbook by Builder Group Rank Shipbuilder No. k TEU Mn CGT Share (%) of Total 1 Imabari % 2 HHI % 3 YZJ % 4 Samsung % 5 Waigaoqiao % 6 Daewoo % 7 Jiangnan % 8 Hanjin % 1

11 Average Size of Containership Ordered & Built k TEU 1 Ordered Built 5 Average Duration of Construction Years ,1k TEU Containership Orderbook at End of Period by Size Segment 7 Mn TEU -1kTEU 1-2kTEU 2-4kTEU 4-5.1kTEU kTEU 8-9kTEU 9-11kTEU 11-14kTEU kTEU 16-18kTEU 18+kTEU Feb-17 11

Mn Dwt JAPANESE ORDERBOOK IN EARLY FEBRUARY 17 Tonnage and Market Shares by Sector Japan No. Mn Dwt Total Mn CGT Market Share Rest Bulk 284.4 47.2 5.2 3% 7% Cont 67 8.2 27.8 3.4 23% 77% LNG 28 2.3 7.

12 Mn Dwt JAPANESE ORDERBOOK IN EARLY FEBRUARY 17 Tonnage and Market Shares by Sector Japan No. Mn Dwt Total Mn CGT Market Share Rest Bulk % 7% Cont % 77% LNG % 77% LPG % 77% Tank % 81% Japanese Shipbuilders Orderbook Bulk Cont LNG LPG Tank Japan (Mn Dwt) Rest (Mn Dwt) Japan (Share) Rest (Share) 15% 9% 75% 6% 45% 3% 15% % 12

13 # Shipyards Number of Japanese Shipyards with at least 5 dry bulk ships above k Dwt on order

Mn Dwt SOUTH KOREAN ORDERBOOK IN EARLY FEBRUARY 17 Tonnage and Market Shares by Sector South Korea No. Mn Dwt Total Mn CGT Market Share Bulk 19 4.4 67.6.7 7% 93% Cont 59 9.1 36.1 3.8 25% 75% LNG 85 6.

14 Mn Dwt SOUTH KOREAN ORDERBOOK IN EARLY FEBRUARY 17 Tonnage and Market Shares by Sector South Korea No. Mn Dwt Total Mn CGT Market Share Bulk % 93% Cont % 75% LNG % 32% LPG % 53% Tank % 61% Rest 1 South Korean Shipbuilders Orderbook 125% 8 1% 6 75% 5% 25% Bulk Cont LNG LPG Tank % South Korea (Mn Dwt) Rest (Mn Dwt) South Korea (Share) Rest (Share) 14

15 Feb-17 Mn Cgt Orderbook (in Mn Cgt) by Country and the market share of South Korea 16 % 1 35% 1 3% 1 25% 8 % 6 15% 1% 5% % China Japan S Korea Others Share of S Korea (RH Axis) 15

Mn Dwt CHINESE ORDERBOOK IN EARLY FEBRUARY 17 Tonnage and Market Shares by Sector China No. Mn Dwt Total Mn CGT Market Share Bulk 326. 67.6 7.6 59% 41% Cont 259 15.7 36.1 7.4 43% 57% LNG 17.9 1.1.6 9% 91% LPG 3 1.

16 Mn Dwt CHINESE ORDERBOOK IN EARLY FEBRUARY 17 Tonnage and Market Shares by Sector China No. Mn Dwt Total Mn CGT Market Share Bulk % 41% Cont % 57% LNG % 91% LPG % 74% Tank % 68% Rest Chinese Shipbuilders Orderbook Bulk Cont LNG LPG Tank 1% 1% 8% 6% % % % China (Mn Dwt) Rest (Mn Dwt) China (Share) Rest (share) 16

17 # Shipyards Number of Chinese Shipyards with at least 5 dry bulk ships above k Dwt on order

18 Mn Cgt Shipbuilding Capacity of China, Japan and South Korea 5 Japan Capacity Korea Capacity China Capacity

19 NB Index Affinity NB Indices (with and without Inflation) NB Index with infl. NB Index without infl

20 NB Index Affinity NB Indices across the three commercial shipping sectors Dry Bulk Tanker Container

AFFINITY GLOBAL OFFICES SI H L B SE H P M SY

Tankers Tankers Newbuilding LNG Tankers S A N

I J I N G Tankers Dry Cargo S Y D N E Y, M E L

21 AFFINITY GLOBAL OFFICES SI H L B SE H P M SY SA LO N D O N S EO U L S I N G A P O R E H O U S TO N Dry Cargo Sale & Purchase Sale & Purchase Newbuilding Dry Cargo Sale & Purchase Tankers Tankers Newbuilding LNG Tankers S A N T I A G O LNG Finance Research Valuations B E I J I N G Tankers Dry Cargo S Y D N E Y, M E L B O U R N E & P E R T H Dry Cargo Dry Cargo Tankers 21

22 DISCLAIMER The information contained within this report is given in good faith based on the current market situation at the time of preparing this report and as such is specific to that point only. While all reasonable care has been taken in the preparation and collation of information in this report Affinity (Shipping) LLP (and all associated and affiliated companies) does not accept any liability whatsoever for any errors of fact or opinion based on such facts. Some industry information relating to the shipping industry can be difficult to find or establish. Some data may not be available and may need to be estimated or assessed and where such data may be limited or unavailable subjective assessment may have to be used. No market analysis can guarantee accuracy. The usual fundamentals may not always govern the markets, for example psychology, market cycles and external events (such as acts of god or developments in future technologies) could cause markets to depart from their natural/usual course. Such external events have not been considered as part of this analysis. Historical market behaviour does not predict future market behaviour and shipping is an inherently high risk business. You should therefore consider a variety of information and potential outcomes when making decisions based on the information contained in this report. All information provided by Affinity (Shipping) LLP is without any guarantee whatsoever. Affinity (Shipping) LLP or any of its subsidiaries or affiliates will not be liable for any consequences thereof. This report is intended solely for the information of the recipient account and must not be passed or divulged to any third parties whatsoever without the written permission of Affinity (Shipping) LLP. Affinity (Shipping) LLP accepts no liability to any third parties whatsoever. If permission is granted, you must disclose the full report including all disclaimers, and not selected excerpts which may be taken out of context. 17 Affinity Research LLP Affinity Research LLP Floor 44, The Leadenhall Building, London EC3A 8EE Tel +44 () research@affinityship.com 22

Monthly Newbuilding Market Report

Monthly Newbuilding Market Report Issue: April 2016 Overview of Ordering Activity (per vessel type / Top Ranking of Contractors) page 1 Ordering Activity (No. of Units ordered, Dwt, Invested Capital) page