Fleet Structure & Projections of grain freight rates in the coming years ( ): Focus on Azov- Black and Med Sea.

Transcription

1 Fleet Structure & Projections of grain freight rates in the coming years ( ): Focus on Azov- Black and Med Sea : Mehmet ANADOL

2 DRY CARGO TRAFFIC IN MED. & BLACK SEA 1% 14% DWT DWT Supramax 85% 1

3 Total Dry Bulk Fleet By size Sector by No. of Ships (only units over dwt, in numbers of units) Source:SSY 3

4 Total Dry Bulk Fleet By size Sector by DWT (only units over dwt, in thousand dwt) Source:SSY 4

5 DRY BULK ORDERBOOK (million dwt) Source:SSY 5

6 6

7 Age distribution scrapping potential 6

8 8

9 Source:Clarkson 9

10 COAL CONSUMPTION China and India will be the two giants in the world s coal consumption. Around 60% of coal consumption will come from China in Coal will continue to dominate India s energy outlook in the next 20 years. As India's economy modernises, India's coal consumption will more than double between 2010 and 2030, surpassing the USA's consumption and making her the second largest coal consumer in STEEL CONSUMPTION Because of the massive demand in the construction sector, India will see the largest growth in steel consumption. China s steel consumption growth will slow down, but she will still remain the biggest steel consumer in

11 COAL TRADE Coal import Coal import will be dominated by India and China in India will overtake China and become the biggest coal importer before There is high uncertainty about China s coal trade in the long term. China is the world s largest coal producer, and yet it only became a coal importer in This is due to the need for high quality coking coal as well as the transportation constraint of accessing China's further inland coal supply (e.g. Innder Mongolia). The enhanced productivity of these inland coal production will also be pivotal to the global coal trade. There is also uncertainties resulting from China's unconventional gas development which could change the country's energy profile. Japan and West European coal import growth will be small, and their influence on the coal market will wane. Coal export Australia will be at the helm of the coal export in Although Indonesia took over from Australia and became the biggest coal exporter in 2011, such dominance may not last long as the government will urge a curb in exports to conserve the limited coal reserves for the country s expanding domestic use. 11

12 IRON ORE TRADE Iron Ore import Iron ore import will be driven by demand which is linked to urbanisation and industrialisation, particularly in Asia. Although China s steel intensity will decline as the country develops, China s robust economic development and urbanisation will see its absolute dominance in iron ore import remain intact. China is a major iron ore producer, but its domestic mines only met 34% of the demand in This is because China needs to import higher grade iron ore from overseas. Iron Ore export The traditional iron ore sources, Oceania and Brazil, will continue to dominate the export market with significant growth. India will remain number three in terms of exporting iron ore, although growing less rapidly. 12

13 GRAIN TRADE Grain import There will be large increase in the import levels in Africa and the Middle East. In 2030, grain import will be dominated by Africa, Latin America, Middle East, and Southeast Asia. Grain export There will be a relatively large increase in the USA and CIS. Grain export will still be dominated by the USA in 2030, accounting for 40% of the world's exports. 13

14 Handysize Fleet Development / Prediction (Bulkers with dwt 25,000-39,999) Current Fleet (58,760,474 dwt) and Orderbook (10,376,305 dwt) Orderbook / Fleet=17.66% Scrapping Applies for the Remainder of Onwards Based on Average Historical Scrap Age of " 29 " Years Source:Worldyards 14

15 Handymax Fleet Development / Prediction (Bulkers with dwt 40,000-49,999) Current Fleet (28,921,457 dwt) and Orderbook (4,637,431 dwt) Orderbook / Fleet=16.03% Scrapping Applies for the Remainder of Onwards Based on Average Historical Scrap Age of " 29 " Years Source:Worldyards 15

16 Supramax Fleet Development / Prediction (Bulkers with dwt 50,000-64,999) Current Fleet (98,844,182 dwt) and Orderbook (17,223,944 dwt) Orderbook / Fleet=17.43% Scrapping Applies for the Remainder of Onwards Based on Average Historical Scrap Age of " 29 " Years Source:Worldyards 16

17 No. of Vessels Coaster Fleet (1-12k dwt) Number of Vessels by size, Source: ISTFIX DWT 3

18 No. of Vessels Coaster Fleet (1-12k dwt) Total Tonnage by size, Source: ISTFIX DWT 4

19 Coaster Fleet age distrubution - by No. of Ships Source: ISTFIX 5

20 Coaster Fleet age distrubution - by dwt (x1.000) Source: ISTFIX 6

21 Coaster Fleet age distrubution by No. of Ships & Sizes Source: ISTFIX 7

22 7

23 7

24 7

25 Yearly Coaster Scrap figures in Aliağa dwt Source : Ship Recyclers Association of Turkey 8

26 Yearly Coaster Scrap figures in Aliağa dwt Source : Ship Recyclers Association of Turkey 8

27 Yearly Coaster Scrap figures in Aliağa dwt Source : Ship Recyclers Association of Turkey 8

28 Yearly Coaster Scrap figures in Aliağa dwt 2014 JANUARY FEBRUARY figures Source : Ship Recyclers Association of Turkey TOTAL 54 VESSELS HAVE BEEN SCRAPPED AT ALIAGA SHIPYARDS. TOTAL DWT

29 Azov-Black Sea Freight Market Main cargoes: Steel products (almost 1/3 of general cargo trade) Iron Scrap Coal Grain Fertilizers Cement Main cargo flows: CIS Europe CIS Middle East CIS North Africa Turkey CIS Turkey Europe 14

30 ISTFIX, time charter rates as of dtd

31 ISTFIX, time charter rates as of dtd

32 FREIGHTS GRAIN ST QUATER ND QUATER RD QUATER TH QUATER ST QUATER FROM MARIUPOL TURKISH BLACKSEA MARMARA MERSIN EGYPT LIBYA TUNUS ALGERİA ITALY FROM NIKOLAEV TURKISH BLACKSEA MARMARA MERSIN EGYPT LIBYA TUNUS ALGERİA ITALY Source: Chartering 15

33 FREIGHTS ST 2 ND 3 RD 4 TH 1 ST QUATER QUATER QUATER QUATER QUATER FROM ROSTOV TURKISH BLACKSEA MARMARA MERSIN EGYPT LIBYA ITALY Source: Chartering 15

34 THANK YOU VERY MUCH FOR YOUR ATTENTION MEHMET ANADOL /