iumi 2014 canada casualty and world fleet …... casualty and world fleet statistics (august 2013) 5...

1

IUMI 2014 Canada

Casualty and World Fleet

Statistics as at 01.01.2014

Prepared by Philip Graham

IUMI Facts & Figures Committee

2

Casualty Statistics

Total Loss Trends

Updated 1st January 2014

3

Source: LLI, total losses as reported in Lloyds List

Total Losses 1997 – 2013

By Number (vessels > 500 GT)

0

10

20

30

40

50

60

70

80

90

100

0

2

4

6

8

10

12

14

16

18

20

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Bulkers Tankers ContainershipsNon-Cargo Passenger SpecialisedFishing General Cargo (Secondary Axis)

4

Total Losses 1997 – 2013

By Tonnage (vessels > 500 GT)

0

50.000

100.000

150.000

200.000

250.000

300.000

350.000

400.000

450.000

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Bulkers Tankers General CargoContainerships Non-Cargo PassengerSpecialised Fishing

Source: LLI, total losses as reported by Lloyds List

5

0,0%

0,1%

0,2%

0,3%

0,4%

in % of Vessels in % of GT

Source: Fleet numbers : Clarkson Research Services

Losses: LLI, total losses as reported in Lloyds List

Total Losses 1997 – 2013 As Percentage of World Fleet

Vessels > 500GT

6

Tanker Total Losses 1997 – 2013 As Percentage of World Tanker Fleet

Tankers > 500GT

0,0%

0,1%

0,2%

0,3%




7

Bulker Total Losses 1997 – 2013 As Percentage of World Bulker Fleet

Bulkers > 10,000 DWT

0,0%

0,1%

0,2%

0,3%




8

Total Losses 1997 – 2013 As Percentage of World Container Fleet

0,0%

0,1%

0,2%

0,3%




9

Total Bulker Losses by Age Percentage of World Bulker Fleet

Bulkers >10,000 DWT

0,00%

0,01%

0,02%

0,03%

0,04%

0,05%

0,06%

0,07%

0-4 5-9 10-14 15-19 20-24 25+

Age

2004-2008 2009-2013



10

Total Tanker Losses by Age

Percentage of World Tanker Fleet

Tankers >500 DWT

0,00%

0,01%

0,02%

0,03%

0,04%

0,05%

0,06%

0,07%

0-4 5-9 10-14 15-19 20-24 25+

Age

2004-2008 2009-2013



11


Total Losses 1999 – 2013 By Cause, All Vessel Type

(vessels > 500 GT)

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%

Other

Machinery

Hull Damage

Collision/contact

Fire/explosion

Grounding

Weather

Frequency ( % of all total losses for the period)

1999 -2003

2004-2008

2009-2013

12

Casualty Statistics

Serious and Total Loss Trends

Updated 1st January 2014

13

Source: LLI

Serious and Total Losses 1997 – 2013

By Number

(vessels > 500 GT)

0

200

400

600

800

1000

1200

1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

Number of Incidents

Total loss Serious Ex TL Total


14

Serious and Total Losses 1997 - 2013 By age (vessels > 500 GT)

0

500

1.000

1.500

2.000

2.500

3.000

3.500

4.000

0 to 4 5 to 9 10 to 14 15 to 19 20 to 24 25+

Age

Com (Compromised TotalLoss)

CTL (Constructive TotalLoss)

ATL (Actual TotalLoss)

Serious ex TL


15

Total Losses 1997 - 2013 By age (vessels > 500 GT)

0

200

400

600

800

1.000

0 to 4 5 to 9 10 to 14 15 to 19 20 to 24 25+Age

Com (Compromised TotalLoss)

CTL (Constructive TotalLoss)

ATL (Actual TotalLoss)


16

Serious Losses 1999 - 2013

By Cause, All Vessel Type

(vessels > 500 GT)

0% 5% 10% 15% 20% 25% 30% 35% 40%

Other

Machinery

Hull Damage

Collision/contact

Fire/explosion

Grounding

Weather

Frequency (% of all serious and total losses for period)

1999-2003

2004-2008

2009-2013


www.clarksons.net

Casualty and World Fleet Statistics (August 2013)

Casualty of World Fleet Statistics

Global Fleet Statistics for IUMI as at 1st January 2014 Clarkson Research Services Limited 5th February 2014 [email protected]

www.clarksons.net


5 February 2014

18

Fleet Information

www.clarksons.net


5 February 2014

19

5,000

6,000

7,000

8,000

9,000

10,000

11,000

12,000

13,000

14,000

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

No

. o

f v

es

se

ls

0

100

200

300

400

500

600

700

800

900

No

. of v

es

se

ls

Fleet, End Year (LHS) Deliveries (RHS) Scrapping (RHS)

Historical Development of Tanker Fleet (No.) Historical Development of Tanker Fleet (DWT)

Tanker Fleet

0

50

100

150

200

250

300

350

400

450

500

550

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

mil

lio

n D

WT

0

5

10

15

20

25

30

35

40

45

50

55

millio

n D

WT


Source: Clarkson Research, January 2014. Source: Clarkson Research, January 2014.

Note (1): “Tanker” includes all oil & product tankers, parcel tankers and specialised tankers above 100 GT.

www.clarksons.net


5 February 2014

20

Historical Development of Bulker Fleet (No.) Historical Development of Bulker Fleet (DWT)

Bulkcarrier Fleet


4,000

4,500

5,000

5,500

6,000

6,500

7,000

7,500

8,000

8,500

9,000

9,500

10,000

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

No

. o

f vessels

0

100

200

300

400

500

600

700

800

900

1,000

1,100

1,200

No

. of v

es

se

ls


200

250

300

350

400

450

500

550

600

650

700

750

800

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

mil

lio

n D

WT

0

10

20

30

40

50

60

70

80

90

100

millio

n D

WT


Note (1): Includes all bulkcarriers above 100 GT.

www.clarksons.net


5 February 2014

21

Historical Development of the Containership and Multipurpose Fleets (No.)

Historical Development of the Containership and Multipurpose Fleets (DWT)

Containership and Multipurpose Fleet


0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

No

. o

f vessels

0

100

200

300

400

500

600

700

800

900

No

. of v

essels


0

50

100

150

200

250

300

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

mil

lio

n D

WT

0

5

10

15

20

25

millio

n D

WT


Note (1): Includes all containerships and multipurpose vessels above 100 GT.

www.clarksons.net


5 February 2014

22

Tanker, Bulkcarrier, Containership and Multipurpose Fleets

0

4,000

8,000

12,000

16,000

20,000

24,000

28,000

32,000

36,0002

00

0

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

No

. of

Ve

ss

els

0

250

500

750

1,000

1,250

1,500

1,750

2,000

2,250

No

. of V

es

se

ls

Tanker Fleet Bulkcarrier Fleet Containership/MPPs Fleets Deliveries Scrapping

Source: Clarkson Research, January 2014.

Note (2): All fleet totals are on the left-hand axis and deliveries and scrapping figures are on the right hand axis. Fleet totals are as at end year; deliveries and scrapping figures are full year totals.

Note (1): Includes all vessels in these categories above 100 GT.

www.clarksons.net


5 February 2014

23

Average Age of the World Fleet

0

5

10

15

20

25

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

Av

era

ge

Ag

e

Total Tanker Bulkcarrier Containership/MPP Gas Others


Note (2): Average age is calculated using number of vessels. Calculations are based on year and month of build.

Note (1): Includes all vessels in these categories above 100 GT.

www.clarksons.net

Casualty and World Fleet Statistics (August 2013) 24

Construction Statistics, Freight Rates and Scrapping

5 February 2014

www.clarksons.net


Global Orderbook by Country/Region of Build

31%

15%

1%5%

6%

38%

0%1%

3%

P.R. China

South Korea

Japan

Taiwan

Other Asia

Europe

Brazil

USA

Others17%

16%

1%

8%

8%

2% 2%

43%

3%

Average CGT per Builder Country

Share of Orderbook (No.)

05

101520253035

P.R

. C

hin

a

So

uth

Ko

rea

Ja

pa

n

Ta

iwa

n

Oth

er

As

ia

Eu

rop

e

Bra

zil

US

A

Oth

ers

'00

0 C

GT

Share of Orderbook (million CGT)


Note: Going forward, the orderbook will be influenced by delays, cancellations and the re-negotiation of contracts. Due to these technical and contractual issues, there is currently considerable uncertainty surrounding the orderbook. The figures quoted here relate to the orderbook as at 1st January 2014 and take no account for these potential delivery problems.

5 February 2014

www.clarksons.net


Global Orderbook by Vessel Type

34%

20%

11%

18% 17%

Tankers

Bulkers

Container/MPP

Gas

Others

36%

12%

6%

29%

17%

Average CGT per Vessel

Share of Orderbook (No.)

0

10

20

30

40

Ta

nk

ers

Bu

lke

rs

Co

nta

ine

r/M

PP

Ga

s

Oth

ers

'000 C

GT

Share of Orderbook (million CGT)



5 February 2014

www.clarksons.net


Orderbook Status by Vessel Type, January 2014

m CGT Tankers Bulkers Container/

Multipurpose Gas Others Total

Established <2000 9.34 19.37 13.64 8.89 12.40 63.65

Established 2000-10 6.22 12.78 5.71 2.68 3.06 30.44

Established >2010 1.21 2.98 0.57 0.35 1.90 7.01

Expansion 0.45 0.25 0.06 0.00 0.20 0.96

Greenfield 0.14 0.08 0.53 0.00 1.34 2.10

TOTAL 17.37 35.46 20.52 11.92 18.90 104.17

Established <2000 54% 55% 66% 75% 66% 61%

Established 2000-10 36% 36% 28% 22% 16% 29%

Established >2010 7% 8% 3% 3% 10% 7%

Expansion 3% 1% 0% 0% 1% 1%

Greenfield 1% 0% 3% 0% 7% 2%

TOTAL 100% 100% 100% 100% 100% 100%



5 February 2014

www.clarksons.net


Orderbook by Country Yard Status, January 2014

m. CGT Japan P.R. China South Korea Europe Others Total

Established <2000 11.86 18.17 25.06 4.64 3.91 63.65

Established 2000-10 1.33 19.29 6.02 0.53 3.27 30.44

Established >2010 2.56 2.01 0.51 0.83 1.09 7.01

Expansion 0.23 0.26 0.00 0.00 0.48 0.96

Greenfield 0.00 0.26 0.44 0.04 1.36 2.10

TOTAL 15.99 40.00 32.03 6.04 10.11 104.17

Established <2000 74% 45% 78% 77% 39% 61%

Established 2000-10 8% 48% 19% 9% 32% 29%

Established >2010 16% 5% 2% 14% 11% 7%

Expansion 1% 1% 0% 0% 5% 1%

Greenfield 0% 1% 1% 1% 13% 2%

TOTAL 100% 100% 100% 100% 100% 100%



5 February 2014

www.clarksons.net


0

20

40

60

80

100

120

140

160

Ta

nk

ers

Bu

lke

rs

Co

nta

ine

r/

MP

P Ga

s

Oth

ers

US

$ b

illi

on

Value of Newbuildings (by Vessel Type) Value of Newbuildings (by Country/Region of Build)

Value of Orderbook

0.0

20.0

40.0

60.0

80.0

100.0

120.0

Ja

pa

n

So

uth

Ko

rea

Ta

iwa

n

P.R

. C

hin

a

Oth

er

As

ia

Eu

rop

e

Bra

zil

US

A

Oth

ers

US

$ b

illi

on


Total value of Newbuilding orderbook (1st January 2014): US$291.8 bn (at contracted values)

5 February 2014

www.clarksons.net


Tanker Freight Rates

0

20

40

60

80

100

120

19

90

19

91

19

92

19

93

19

94

19

95

19

96

19

97

19

98

19

99

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

'00

0 U

S$

/da

y

Average Earnings Weighted Average

Historical Tanker Earnings

● Average Earnings are estimated as daily timecharter equivalents (tce) for voyage freight rates, excluding waiting time, off-hire etc., and expressed in $ per day on the voyage.

● Average Earnings for each ship type are simple averages of the voyage earnings for that ship type.


5 February 2014

www.clarksons.net


Bulkcarrier Freight Rates

0

10

20

30

40

50

60

70

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

20

14

'00

0 U

S$

/da

y

Weighted Average

Historical Bulkcarrier Earnings

● Average Earnings are estimated as daily timecharter equivalents (tce) for voyage freight rates, excluding waiting time, off-hire etc., and expressed in $ per day on the voyage.

● Average Earnings for each ship type are simple averages of the voyage earnings for that ship type.


5 February 2014

www.clarksons.net


0

5

10

15

20

25

30

35

40

45

50

55

2000

2001

2002

2003

2004

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

US

$'0

00/d

ay

Clarksea Index

● The Clarksea Index is a weighted average of earnings for all the main commercial vessel types, where the weighting is based on the number of vessels in each fleet sector.

● 1980s average: $8,500/day ● 1990s average: $12,023/day ● 2000-2008 average: $23,453/day

● Record highs before the economic downturn. - December 14, 2007: $50,702/day.

● Severe correction as the economic downturn

developed.

- 2009 average: $11,407/day. - April 10, 2009: $7,535/day. ● Many markets have faced serious problems since the

start of 2011 after a relatively strong performance in 2010. Tankers and bulkers improved during Q4 2013, but have softened again during January 2014.

- 2011 average: $12,463/day. - 2012 average: $9,586/day. - 2013 average: $10,335/day. - January 31, 2014:$11,541/day.

ClarkSea Index, January 2000-January 2014


5 February 2014

www.clarksons.net


Tanker Asset Values

200

300

400

500

600

700

800

900

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

US

$ p

er

DW

T

Average Newbuilding Price Average Secondhand Price


Comparison between Tanker Newbuilding and Secondhand Prices

5 February 2014

www.clarksons.net


Bulkcarrier Asset Values

200

400

600

800

1,000

1,200

1,400

1,600

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

US

$ p

er

DW

T

Average Newbuilding Price Average Secondhand Price


Comparison between Bulkcarrier Newbuilding and Secondhand Prices

5 February 2014

www.clarksons.net


Historical Global Demolition Totals (No.) Historical Global Demolition Totals (DWT)

Demolition Levels


0

10

20

30

40

50

60

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

mil

lio

n D

WT

Tankers Bulkcarriers Others

0

200

400

600

800

1,000

1,200

1,400

1,600

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

No

. o

f vessels

Tankers Bulkcarriers Others

5 February 2014

www.clarksons.net


Demolition Levels

0%

1%

2%

3%

4%

5%

6%

7%

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

% o

f Fle

et

Tankers Bulkcarriers


Demolition as % of Tanker and Bulkcarrier Fleets (in terms of DWT)

5 February 2014

www.clarksons.net


0

100

200

300

400

500

600

700

800

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

US

$ p

er

LD

T

Tankers Indian Sub Continent Capesize/Panamax Indian Sub Continent


Scrapping Prices

Comparison between Average Tanker and Bulkcarrier Scrapping Prices

5 February 2014

www.clarksons.net


Scrapping Prices

0

50

100

150

200

250

300

350

400

450

500

20

00

20

01

20

02

20

03

20

04

20

05

20

06

20

07

20

08

20

09

20

10

20

11

20

12

20

13

Ind

ex

(Ja

n-2

00

0 =

10

0)

Scrapping Price Index (VLCC $/ldt) Newbuilding Index (VLCC $/DWT)


Comparison between Average Newbuilding and Scrap Prices

5 February 2014

www.clarksons.net


5 February 2014

39

The statistical and graphical information contained under the heading is drawn from the

Clarkson Research Services Limited ("CRSL") database and other sources. CRSL has advised that: (i) some information in CRSL's database is derived from estimates or

subjective judgments; and (ii) the information in the databases of other maritime data collection agencies may differ from the information in CRSL's database; and (iii) whilst

CRSL has taken reasonable care in the compilation of the statistical and graphical information and believes it to be accurate and correct, data compilation is subject to

limited audit and validation procedures and may accordingly contain errors; and (iv) CRSL, its agents, officers and employees do not accept liability for any loss suffered in

consequence of reliance on such information or in any other manner; and (v) the provision of such information does not obviate any need to make appropriate further enquiries; (vi) the provision of such information is not an endorsement of any commercial policies and/or

any conclusions by CRSL; and (vii) shipping is a variable and cyclical business and any forecasting concerning it cannot be very accurate.

The information is for the use of the recipient only and is not to be used in any document for

the purposes of raising finance without the written permission of Clarkson Research Services Ltd.

Thank You

iumi 2014 canada casualty and world fleet …... casualty and world fleet statistics (august 2013) 5...

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