IUMI Facts & Figures Committee World Fleet Statistics Prepared - - PDF document

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IUMI Facts & Figures Committee World Fleet Statistics Prepared - - PDF document

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IUMI Facts & Figures Committee World Fleet Statistics Prepared by IUMI Casualty Statistics Total Loss Trends Total Losses 1980 2007 By Number Vessels > 500 GT Number 250 225 200 175 150 125 100 75 50 25 0 1980 1982

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SLIDE 1

IUMI World Fleet Statistics Prepared by IUMI Facts & Figures Committee

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SLIDE 2

Casualty Statistics Total Loss Trends

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SLIDE 3

Total Losses 1980 – 2007

By Number Vessels > 500 GT

25 50 75 100 125 150 175 200 225 250

1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Number Bulkers Tankers Other Cargo Others Total Source: LMIU, total losses as reported in Lloyds List

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SLIDE 4

Total Losses 1980 – 2007

By Tonnage Vessels > 500 GT

Source: LMIU, total losses as reported in Lloyds List 250 500 750 1,000 1,250 1,500 1,750 2,000 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 GT (000's) Bulkers Tankers Other Cargo Others Total

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SLIDE 5

Total Losses 1994 – 2007

As % of World Fleet Vessels > 500 GT

Source: LMIU, total losses as reported in Lloyds List

0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6%

1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7

% of World Fleet in % of Vessels in % of GT

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SLIDE 6

Total Losses 1999 – 2007

As Percentage of World Fleet Tankers Vessels > 500 DWT

0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6%

1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7

%

  • f World Fleet

in % of Vessels in % of DWT

Source: LMIU, total losses as reported in Lloyds List

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SLIDE 7

Total Losses 1999 – 2007

As % of World Fleet Bulkers Vessels > 500 DWT

Source: LMIU, total losses as reported in Lloyds List

0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0.6%

1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7

% of World Fleet in % of Vessels in % of GT

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SLIDE 8

Total Losses 1998 – 2007

Bulk Carriers Age / Type Profile Vessels > 500 GT

Source: LMIU, total losses as reported in Lloyds List

0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0-4 yrs 5-9 yrs 10-14 yrs 15-19 yrs 20-24 yrs 25 yrs + % of World Fleet 1998-2002 2003-2007 2007 Only

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SLIDE 9

Total Losses 1998 – 2007

Tankers Age / Type Profile Vessels > 500 GT

Source: LMIU, total losses as reported in Lloyds List

0.0% 0.1% 0.2% 0.3% 0.4% 0.5% 0-4 yrs 5-9 yrs 10-14 yrs 15-19 yrs 20-24 yrs 25 yrs + % of World Fleet 1998-2002 2003-2007 2007 Only

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SLIDE 10

Total Losses 1998 – 2007

By Cause, All Vessel Types Vessels > 500 GT

Source: LMIU, total losses as reported in Lloyds List 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Other Machinery Hull Damage Collision/contact Fire/explosion Grounding W eather Frequency ( % of all total losses) 1998-2002 2003-2007 2007 Only

`

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SLIDE 11

Casualty Statistics Serious Loss Trends

(as defined by LMIU)

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SLIDE 12

Serious and Total Losses 1994 - 2007

By Number vessels > 500 GT

200 400 600 800 1000 1200 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Number of Incidents

Total Loss Serious ex TL Total Source: LMIU

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SLIDE 13

Serious and Total Losses

Indexed Against Fleet 1998 - 2007

1998 = 100

50 100 150 200 250 300 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

I ndex

Incidents Pop

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SLIDE 14

Serious and Total Losses

By Age 1994 - 2007

200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000

0 to 4 5 to 9 10 to 14 15 to 19 20 to 24 25 to 29 30+

Years

  • No. of Incidents

Serious ex TL ATL (Actual Total Loss) CTL (Constructive Total Loss) Com (Compromised Total Loss)

Source: LMIU

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SLIDE 15

Serious Losses 1998 – 2007

By Cause, All Vessel Types Vessels > 500 GT

Source: LMIU

0% 5% 10% 15% 20% 25% 30% 35% Other Machinery Hull Damage Collision/contact Fire/explosion Grounding Weather Frequency (%

  • f all serious and total losses)

1998-2002 2003-2007 2007 Only

`

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SLIDE 16

Fleet Information

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SLIDE 17

Source: Clarksons

Tanker Flt (No.)

  • 1,000

1,000 2,000 3,000 4,000 5,000 6,000 7,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 No Flt Flt Deliveries Scrapped

Tanker Flt DWT(M)

  • 100

100 200 300 400 500 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Dwt (M) Flt Deliveries Scrapped

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SLIDE 18

Source: Clarksons

Bulker Flt (No.)

  • 1,000

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 No Flt Del Scrap

Bulker Flt DWT(M)

  • 50

50 100 150 200 250 300 350 400 450 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Dwt (M) Flt Del Scrap

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SLIDE 19

Source: Clarksons

Container / Multi Purpure Flt (No.)

  • 1,000

1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 No Flt Del Scrap

ContaIner/ Multi Purpose Flt TEU

  • 2000

2000 4000 6000 8000 10000 12000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TEU (M) Flt Del Scrap

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SLIDE 20

Tanker / Bulker / Container / Multi Purpure Fleet

  • Numbers
  • 5,000

5,000 10,000 15,000 20,000 25,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 No Flt Del Scrap

Source: Clarksons

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SLIDE 21

Construction Statistics

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SLIDE 22

Construction Activity

(Order Book @ 1st October 2007)

CGT = Compensated Gross Ton For conversion factors between GT and CGT see e.g.: http://www.coltoncomp any.com/shipbldg/stati stics/cgtfactors.htm

N o .V s l P e rR e g io n

A m eric as 2% C hina 34% E urope/S c andinavia 15% F ar E as t 8% Japan 16% O ther 2% S outh K orea 23%

C G T P erR eg io n

A m eric as 1% C hina 28% E urope/S c andinavia 11% Far E as t 5% Japan 18% O ther 1% S outh K orea 36%

Avg.CGT per Region

5,000 10,000 15,000 20,000 25,000 30,000 35,000 Americas China Europe/ Scandinavia Far East Japan Other South Korea Avg.CGT

Source: Clarkson

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SLIDE 23

Construction Activity

(Order Book @ 1st October 2007)

No.Vsl Type

Bulker 25% Chemical 13% Container/GenCgo 25% Cruise/Ferry 1% Gas 4% Other 18% Tanker 14%

CGT Vsl Type

Bulker 25% Chemical 10% Container/GenCgo 26% Cruise/Ferry 3% Gas 9% Other 10% Tanker 17%

Avg CGT Per Vsl type 10,000 20,000 30,000 40,000 50,000 60,000 B u l k e r C h e m i c a l C

  • n

t a i n e r / G e n C g

  • C

r u i s e / F e r r y G a s O t h e r T a n k e r

Source: Clarkson

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SLIDE 24

Average New Building Values

Source: Clarkson

Total Value of New Buildings in 2007 = USD446bn

20,000 40,000 60,000 80,000 100,000 120,000 Bulker Chemical Container/GenCgo Cruise/Ferry Gas Other Tanker USD (m)

20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 180,000 A m e r i c a s C h i n a E u r

  • p

e / S c a n d i n a v i a F a r E a s t J a p a n O t h e r S

  • u

t h K

  • r

e a USD (m)

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SLIDE 25

Freight Rates

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SLIDE 26

Freight Rates

Tanker Earnings

US$ per Day

10,000 20,000 30,000 40,000 50,000 60,000 70,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 W eight ed Average Average Earnings

Average Earnings are estimated as daily timecharter equivalents (tce) fo 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.

Source: Clarkson

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SLIDE 27

Freight Rates

Bulk Carrier Earnings

US$ per Day 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 45,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Weighted Average

Average Earnings are estimated as daily timecharter equivalents (tce) fo 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.

Source: Clarkson

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SLIDE 28

Freight Rates

Clarksea Index

US$ per Day

5,000 10,000 15,000 20,000 25,000 30,000 35,000 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

Clarksea Index

The Clarksea Index is a weighted average of earnings for all the main commercial vessel types, where the weighting is based

  • n the number of vessels in

each fleet sector.

Source: Clarkson

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SLIDE 29

Bulk Carrier Values

Newbuilding (NB) versus Secondhand Prices

200 400 600 800 1000 1200 1400 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 $ per DWT

Second NB

Source: Clarkson

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SLIDE 30

Tanker Values

Newbuilding (NB) versus Secondhand Prices

100 200 300 400 500 600 700 800 900 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

$ per DWT

Second NB Source: Clarkson

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SLIDE 31

Demolition and Scrapping

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SLIDE 32

Demolition – Vessels Scrapped

By Number and Tonnage

Source: Clarkson Vessel Scrapped (Numbers)

50 100 150 200 250 300 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 No Tanker Bulker

Vessels Scrapped (DWT)

5 10 15 20 25 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Tanker Bulker

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SLIDE 33

Demolition

Tanker & Bulk Carrier Scrap Prices

100 200 300 400 500 600 2001 2002 2003 2004 2005 2006 2007

$ per LDT

Tankers Dry Bulk Source: Clarkson

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SLIDE 34

Demolition

Newbuilding (NB) versus Scrap Prices

Index

50 100 150 200 250 300 350 400 2001 2002 2003 2004 2005 2006 2007 Scrap Index NB Index

Source: Clarkson

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SLIDE 35

Demolition

Percentage of Tanker & Bulk Carrier Fleet

0% 1% 2% 3% 4% 5% 6% 7% 1 9 9 1 9 9 1 1 9 9 2 1 9 9 3 1 9 9 4 1 9 9 5 1 9 9 6 1 9 9 7 1 9 9 8 1 9 9 9 2 2 1 2 2 2 3 2 4 2 5 2 6 2 7

% of World Fleet

Tanker Bulker

2007 as of 3rd quarter

Source: Clarkson