Fonasba annual meeting the containership market
Download
1 / 25

FONASBA ANNUAL MEETING The containership market - PowerPoint PPT Presentation


  • 103 Views
  • Uploaded on

FONASBA ANNUAL MEETING The containership market. Centro de Navegación (Argentina) Eng . Rodolfo García Piñeiro, Vice- president Sydney , October 2011. Foreword. 2010 a dramatic recovery in the containership sector.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about ' FONASBA ANNUAL MEETING The containership market' - zaina


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Fonasba annual meeting the containership market

FONASBA ANNUAL MEETINGThecontainershipmarket

Centro de Navegación (Argentina)

Eng. Rodolfo García Piñeiro, Vice-president

Sydney, October2011


Foreword
Foreword

  • 2010 a dramaticrecovery in thecontainership sector.

  • Operatorslost $ 15 bi in 2009, earned a record profit of $ 13 bi in 2010.

  • At thestart of 2010, 11% of thefleetlaid-up: 2,3% bytheend of theyear.

  • Overtwoyearsnearly 300 ships (500,000 teu) weresentfordemolition.

  • No new orderswere placed in sameperiod.

  • Twothirds of thefleetwasoperated at slowspeed (absorbing 650,000 teu).

  • Newbuildingordersappeared at theend of theyear.


Loss 2009 vs profit 2010
Loss 2009 vs Profit 2010

  • Source: AlphalinerNewsletter.


Overview
Overview

  • Only 4 carriersreportingoperatingprofits in the first half.

  • Twelvecarriersreportingoperatinglosses in the first half.

  • Four carriers don’t publish their financial results.

  • The poor operating environment of this year is mainly owed to the oversupply situation, which the carriers have so far failed to overcome.

  • Carriers have no one to blame but themselves for the oversupply problemthattheindustry faces, attractedbylownewbuildingprices, especiallyofferedbyChineseyards.

  • Unlike the 2009 recession, which resulted in the first fall in demand for container shipping ever experienced by the industry, the current slump is caused by an oversupply of capacity and weak demand growth in the European and US economies. And carriershavebeen more reluctant to abandon their market share strategies and thus maintained their individual operated capacity - even as earnings plunged.

    Source: AlphalinerNewsletter


Main container carriers operating profits margins 1st half 2011
MainContainerCarriersOperatingprofits & margins 1st. Half 2011

  • Source: AlphalinerNewsletter.


Container production
Containerproduction

  • The production of containers grew up since the 2009 slump and it is expected to reach up to 3.5 Mteu in 2011. The present manufacturingcapacity of 4.5 Mteu per year is expected to be sufficient to meet industry demand in 2012 and 2013.

  • The recovery in production capacity was supported by the record prices for new containers, which had increased to $2,900 per 20’ dry in early 2011. The price for new containers has since softened to $2,450/20’ ,due to the high inventory build-up and thelowerthan-expecteddemand.

    Source: AlphalinerNewsletter


The operators
Theoperators

  • Containershippingstillledbythesametrio, Maersk Line, MSC and CMA CGM, whotogether control 37.3 % of the total fleet in teuterms. Anincrease of 2.6 % sinceoctoberlastyear (34.7 %).

  • Maerskincreasedits share from 14.5 % to 15.8 %.

  • MSC increasedits share from 12.1 % to 12.9 %.

  • CMA CGM increasedits share from 8.1 % to 8,6 %.

  • Top 10 operatorsconcentrate 62,2 % of the total fleet. (60,7 % last oct.)

  • Mostremarkableincrease COSCO, racing through the ranking, from number 8 to number 4.

  • Mostremarkabledecrease CSAV, from 3,7 % to 2,7 % falling through the ranking, from number 7 to number 10.

    Source: Alphaliner


Top 20 league september 2011
Top 20 league(September, 2011)

Fuente: AXS-Alphaliner


Top 20 container shipping lines september 2011
Top 20 containershippinglines(September, 2011)

Fuente: AXS-Alphaliner


The charter market
Thechartermarket

  • Thechartermarketcontinuedrecoveringduringthe 1Q of 2011.

  • Commencedfalling at thebeginning of the 2Q.

  • Charter market cools as idle fleet expected to rise.

  • The average duration of fixtures was cut from ten months at the beginning of this year to seven months currently.

  • The current trend suggests that charter rates would slip further by the end of theyear, as any increase in idle capacity will increase pressure on ship owners, forcing them to accept lower rates.

  • No signs of a recovery in a mediumterm.

    Source: AlphalinerNewsletter


Charter rates evolution july 2011
Charterratesevolution (July, 2011)

Source: Axs-Alphaliner


Evolution forecast idle fleet
Evolution & forecast idle fleet.

500,000 teu

3%

The number of idle containerships continues to rise, with 129 ships for 270,000 teu at mid-September, representing 1.8% of the total cellular containership fleet.

  • Source: Alphaliner.


The trades
Thetrades

  • Cargo volumesontheFar East-North AmericaTrade are expectedtofallby 1% during 2011.

  • Rates are expectedtoremainweakuntiltheend of theyear.

  • Utilizationlevelshaveaveragedbelow 90% thisyear

  • Carriers are expectedto lose more than $ 300 Mi thisyear.

  • Spot rates on the Shanghai-USWC route to felt to the current level of $1,589/feu. This is 36% lower than in September of 2010.

  • Far East to Europe volumes are expected to grow by 5% this year, but the current economic uncertainty is expected to result in a weak year-end period for the European trades as well.

    Source: AlphalinerNewsletter


The transpacific trade
Thetranspacifictrade

Source: Axs-Alphaliner


Cellular fleet
Cellularfleet

  • 262 cellularcontainershipsweredeliveredlastyear 2010.

  • Thecellularfleet at 1st of September 2011 comprises 4,922 shipsfor 15,160,000 teu.

  • Vesseldeliveries are expectedtoreach 207 unitsfor 1,28 Mteuthisyear.

  • The fleet should rise 8.4 % during 2011.

  • Theorderbookcounts 665 shipsfor 4,61 Mteurepresenting 30,4% of theexistingfleet.

  • 90.2 % of thecapacityonorderconcentratedonshipsover 4,000 teu.

  • Almost half of the containership capacityonorderisconcentrated in vessels of above 10,000 teu.

  • 60 ships representing 62,101 teu were scrapped.

    Source: Alphaliner


Celullar fleet existing orderbook
Celullarfleet, existing & orderbook

Source: Alphaliner


Celullar fleet forecast sept 2011
Celullarfleetforecast(Sept. 2011)

Source: Alphaliner


Evolution of containerships size
Evolution of containershipssize.

  • Source: Alphaliner.


The triple e
The Triple-E

  • Maerskordered 20 18.000 teuvessels, duringthefirsthalf of thisyear.

  • Economy of scale, Energyefficiency , Environmentallyimproved.

  • Would reduce the cost of transport by around 20% to 30% per container, a heat recovery system that captures and reuses energy from the engines and will produce between 20-50 % less CO2.

  • Shipswillbedeliveredstarting in 2013.

  • Eachshipispriced at $ 190 M each.

  • Length 400 m.

  • Breadth 59 m.

  • Designeddraft 14.8 m.

  • Allowedtostow 23 rowsondeck.

  • Twomainengines, designspeed 21 knots.


Daily maersk
DailyMaersk

  • Maersk unveiled its ‘Daily Maersk’ product.

  • Daily cut-offs from Shanghai, Ningbo, Yantian and TanjungPelepas to three European main ports: Felixstowe, Rotterdam and Bremenhaven.

  • Also proposes a new measure of punctuality based on “transportation time” which counts the total time taken to deliver a container from cut-off at origin to container availability at destination.

  • It offers a compensation of $100 per container if cargo availability is delayed by 1-3 days, or $300 if delayed by 4 days.

  • Even without offering daily cutoffs, most of Maersk’s competitors are able to offer transportation times that are comparable to what Daily Maersk offers.

    Source: AlphalinerNewsletter


Container shipping
Containershipping

  • Last year, global containerthroughputhit a new record of 560 Mteu., a record increase of 14.5% compared to the year before.

  • ThehighestgrowthwaspostedbyChineseportswhich grew by 17.9% last year, followedby South American portswhichgrewby 17.6%

  • 2011 growth is expected to moderateto 8.4% as volumesreturnto more sustainablelevelswithChineseportsagainexpectedto lead the gains this year .

Source: Alphaliner Newsletter


Main ports
MainPorts

Source: Alphaliner


Global container port handling volumes
Global containerporthandlingvolumes

  • Source: AlphalinerNewsletter.


Finally
Finally

The world's container shipping market may remain bleak for the rest of the year, after seeing shipping rates halved in the third quarter.

We will start to see shipowners idling their ships again.

Shipping rates are expected to fall further in the fourth quarter.

Source: Cargonews Asia


Thanks
¡ Thanks!

www.centrodenavegacion.org.ar


ad