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7th Annual Marine Money Gulf Ship Finance Forum Wednesday, 9 March 2011

7th Annual Marine Money Gulf Ship Finance Forum Wednesday, 9 March 2011 . Container Shipping – An Outlook Presented by Ken Bloch Soerensen, Managing Partner. About Econships Who we are. Current Partners: Flemming R. Jacobs, Chairman Knud E. Stubkjaer , Vice Chairman

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7th Annual Marine Money Gulf Ship Finance Forum Wednesday, 9 March 2011

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  1. 7th Annual Marine Money Gulf Ship Finance Forum Wednesday, 9 March 2011 ContainerShipping – An Outlook Presented by Ken Bloch Soerensen, Managing Partner

  2. About Econships Who we are • Current Partners: • Flemming R. Jacobs, Chairman • Knud E. Stubkjaer, Vice Chairman • Niels Kim Balling, Managing Partner • Ken Bloch Soerensen, Managing Partner • Offices in: Hong Kong, UK, United Arab Emirates, Denmark, Malaysia • Extensive partner experience from senior executive roles in the container shipping industry. • Econships facilitates maritime asset optimization through deep sector analysis and support to clients, covering operational, environmental and strategic agendae. 

  3. Clients Engagement and Data Base • 2,000+ units • 220+ loops • App. 95% cover of main trades • App. 95% cover of individual loops • 100% cover of 4,000+ TEU sizes • Benchmarking of capacity gaps > 10% • Real-time tracking of vessels • Decision Support tools • available matches • financial impact simulations Active discussions With TOP 25 Liner Operators Focus on Large size Ships (not available in the open market)

  4. Container Shipping - A Couple of Headlines (1) Historic Facts • Estimated Industry Profit Pool • 2009 : - USD. 20 billion • 2010 : + USD. 15 billion • Remarkable Turnaround • Return of Demand to 2008 levels • Excellent Management of Supply • Slow Steam/Super Slow Steam • Lay-Ups • Delays & Cancellations of Newbuildings

  5. Container Shipping - A Couple of Headlines (2) Short Term Expectations • Estimated Industry Profit Pool • 2011: + USD. 2-6 billion • Falling freight rates major culprit • Increasing costs • Container leasing costs • Bunkers • Currency • Terminal Costs • Improved Efficiency • New Vessels • Optimised Deployment • Trade Imbalances • More Port/Port movements • Creating

  6. Container Shipping - A Couple of Headlines (3) Medium Term Expectations • Container Shipping • Will Continue to Grow • Analysts seem to share a view that volumes will grow at ‘high single digit’ percentages. • Growing supply will put pressure on Shipping Lines • Container Shipping Lines • Will continue to grow bigger • Size matters - continued focus on Lower Unit Costs • Current Concentration will thus Continue • Large Networks Needed to Support More Efficient Ships • More Co-Operations in the Medium Term • Current Trend of Loose Slot Swaps to continue

  7. Container Shipping – A Good Investment ? • Key Drivers • Understanding the Market • Clients • Suppliers • Risk Profile • Understanding the Product • Quality • Manager • Lifetime Cost

  8. Thank You Q & A

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