ORDERBOOK OBSERVER M A R C H 2 1 7
Tanker Orderbook by Builder Country Rank Country No. Mn Dwt Mn CGT Tanker Orders by Size Segment Share (%) of Total 1 South Korea 18 25.5 5. 38.8% 2 China 159 21.1 4.3 32.% 3 Japan 121 12.7 2.9 19.3% 4 Brazil 14 1.3.3 2.% 5 Philippines 5 1.2.2 1.8% 6 Romania 13 1.1.3 1.7% 7 Spain 6 1..2 1.4% 8 Vietnam 12.7.2 1.1% 9 Iran 5.5.1.8% 1 USA 4.2.1.3% 8 6 Other 6.5.2.7% GLOBAL TOTAL 525 65.8 13.8 # 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 1 9 8 7 6 5 4 3 2 1 17 18 19 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 57 12.1 2. 18% 2 Dalian 29 6.2 1. 9% 3 Daewoo 21 4.6.8 7% 4 New Times 3 3.8.8 6% 5 Samsung 37 3.8.9 6% 6 JMU 17 3.3.6 5% 7 HMD 48 2.5.8 4% 8 NACKS 7 2.2.3 3% 9 Sungdong 17 2.1.5 3% 1 Tsuneishi 18 1.9.4 3% 2
Average Size of Tanker Ordered & Built Average Duration of a VLCC Construction 21 k Dwt Ordered Built Years 2. 16 1.5 11 1..5 6. 2 4 6 8 1 12 14 16 2 4 6 8 1 12 14 16 18 Tanker Orderbook at End of Period by Size Segment Mn Dwt 18 16 Handysize MR Panamax / LR1 Aframax / LR2 Suezmax VLCC 1 1 1 8 6 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 Feb-17 3
Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Dry Bulk Orders by Size Segment # Vessels 1 1 8 6 Handysize Handymax Panamax Kamsarmax PostPanamax Supramax Ultramax SmallCape Capesize Newcastlemax VLOC Dry Bulk Scheduled Deliveries 16 MnDwt 17 18 19 14 12 1 8 6 4 2 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 326. 7.6 59% 2 Japan 284.4 5.2 3% 3 South Korea 19 4.4.7 7% 4 Philippines 37 2.3.6 3% 5 Vietnam 7.3.1 % 6 India 2.1. % 7 Argentina.. % GLOBAL TOTAL 675 67.6 14.2 Dry Bulk Orderbook by Builder Group Rank Shipbuilder No. Mn Dwt Mn CGT Share (%) of Total 1 Waigaoqiao 25 7.2 1. 11% 2 YZJ 25 5.5.8 8% 3 Qingdao Beihai 16 5..7 7% 4 Tsuneishi 73 4.9 1.3 7% 5 Oshima 63 4.1 1.1 6% 6 HHI 11 3.6.5 5% 7 Imabari 38 3.4.8 5% 8 Namura 22 2.8.5 4% 9 Guangzhou 14 2.3.4 3% 1 JMU 12 1.4.3 2% 4
Average Size of Dry Bulk Ordered & Built k Dwt 25 Ordered Built 15 1 Average Duration of a Capesize Construction Years 2. 1.5 1..5 5 2 4 6 8 1 12 14 16. 2 4 6 8 1 12 14 16 18 Dry Bulk Orderbook at End of Period by Size Segment 25 15 Mn Dwt Handysize Handymax Panamax Kamsarmax PostPanamax Supramax Ultramax SmallCape Capesize Newcastlemax VLOC 1 5 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 Feb-17 5
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 85 14.4 4.2 69% 2 Japan 28 4.8 1.6 23% 3 China 17 1.6.6 8% 4 Germany 1.. % 5 Poland 1.. % GLOBAL TOTAL 132.8 6.4 LNG Scheduled Deliveries Mn CbM 1.8 1.6 1.4 1.2 1..8.6.4.2 17 18 19. 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 49 8.6 2.5 41% 2 Samsung 18 3.1 1. 15% 3 HHI 16 2.7.7 13% 4 Mitsubishi 9 1.5.6 7% 5 Hudong 8 1.4.4 7% 6 Kawasaki 8 1.3.5 6% 7 Imabari 6 1.1.3 5% 8 JMU 5.8.3 4% 6
Average Size of LNG Ordered & Built k CuM 23 18 13 Ordered Built Average Duration of Construction Years 3 1-15k Cbm 15-k Cbm 2 1 8 2 4 6 8 1 12 14 16 2 4 6 8 1 12 14 16 18 LNG Orderbook at End of Period by Size Segment Mn CuM 3-5kCbM 5-1kCbM 1-15kCbM 15-kCbM +kcbm FLNG FSU 25 15 1 5 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 Feb-17 7
3 25 15 1 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 47 2.4.3 47% 2 Japan 25 1.3.2 25% 3 China 3 1.3.2 25% 4 Philippines 4.1. 3% 5 Brazil 1.. % GLOBAL TOTAL 17 5..7 LPG Scheduled Deliveries.9 Mn CbM.8.7.6.5.4.3.2.1. 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 17 1.3.1 26% 2 HMD 22.6.1 12% 3 Jiangnan 11.5.1 11% 4 Mitsubishi 6.5.1 1% 5 Kawasaki 6.5.1 1% 6 Dalian 5.4. 8% 7 Nantong Sinopacific 17 18 19 13.3.1 5% 8 Hanjin 6.2. 4% 8
Average Size of LPG Ordered & Built 8 k CbM Ordered Built 6 2 4 6 8 1 12 14 16 Average Duration of a VLGC Construction Years 2.5 2. 1.5 1..5. 2 4 6 8 1 12 14 16 18 LPG Orderbook at End of Period by Size Segment Mn CbM 12 SGC Handy MGC LGC VLGC 1 8 6 4 2 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 Feb-17 9
Containership Orderbook by Builder Country Rank Country No. k TEU Mn CGT Share (%) of Total 1 China 259 1,387 7.4 42% 2 South Korea 59 916 3.8 28% 3 Japan 67 753 3.4 23% 4 Philippines 14 179.8 5% 5 Taiwan 18 67.4 2% 6 Brazil 3 8.1 % 7 USA 2 7.1 % 8 Croatia 2 4. % 9 Bangladesh 6 1. % 1 Vietnam 1 1. % Other 1. % GLOBAL TOTAL 432 3,324 15.9 Containership Scheduled Deliveries Mn TEU 35 17 18 19 3 25 15 1 5 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 45 581 2.6 17% 2 HHI 31 462 2. 14% 3 YZJ 6 299 1.7 9% 4 Samsung 11 228.8 7% 5 Waigaoqiao 12 219.8 7% 6 Daewoo 11 216.9 6% 7 Jiangnan 16 8.9 6% 8 Hanjin 15 181.8 5% 1
Average Size of Containership Ordered & Built k TEU 1 Ordered Built 5 Average Duration of Construction Years 3. 4-5,1k TEU 2. 1. 2 4 6 8 1 12 14 16. 2 4 6 8 1 12 14 16 18 Containership Orderbook at End of Period by Size Segment 7 Mn TEU -1kTEU 1-2kTEU 2-4kTEU 4-5.1kTEU 6 5.1-8kTEU 8-9kTEU 9-11kTEU 11-14kTEU 5 14-16kTEU 16-18kTEU 18+kTEU 4 3 2 1 1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 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 7.8 1.6 23% 77% LPG 25.8 2.8.2 23% 77% Tank 121 12.7 53. 2.9 19% 81% 7 6 5 3 1 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
# Shipyards Number of Japanese Shipyards with at least 5 dry bulk ships above k Dwt on order 3 1 2 4 6 8 1 12 14 16 13
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 6.9 1.1 4.2 68% 32% LPG 47 1.7 3.6.3 47% 53% Tank 18 25.5 65.6 5. 39% 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
1 2 3 4 5 6 7 8 9 1 11 12 13 14 15 16 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. 3.6.2 26% 74% Tank 159 21.1 65.6 4.3 32% 68% Rest 1 1 8 6 Chinese Shipbuilders Orderbook Bulk Cont LNG LPG Tank 1% 1% 8% 6% % % % China (Mn Dwt) Rest (Mn Dwt) China (Share) Rest (share) 16
# Shipyards Number of Chinese Shipyards with at least 5 dry bulk ships above k Dwt on order 7 6 5 3 1 2 4 6 8 1 12 14 16 17
Mn Cgt Shipbuilding Capacity of China, Japan and South Korea 5 Japan Capacity Korea Capacity China Capacity 3 1 18
NB Index Affinity NB Indices (with and without Inflation) NB Index with infl. NB Index without infl. 23 21 19 17 15 13 11 9 7 19
NB Index Affinity NB Indices across the three commercial shipping sectors Dry Bulk Tanker Container 27 25 23 21 19 17 15 13 11 9 7
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