Professional Documents
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Shipping Statistics
and Market Review
Volume 54 No 11 - 2010
Market Review
Analytical Focus
World Merchant Fleet
World Tanker Market
World Bulk Carrier Market
World Container and General Cargo Shipping
World Merchant Fleet by Ownership Patterns
World Passenger and Cruise Shipping/
ISL Cruise Fleet Register
World Shipbuilding and Shipbuilders
Major Shipping Nations
World Seaborne Trade and World Port Traffic
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Vol
um e 54 (2010) No 11 - 2010
ISSN 09 47 - 0220
(doub l
e is s ue s Jan./Fe b., May/June
and Se pt./O ct.)
Anal
yticalFocus
Mark e t Re vie w
Econom ic Indicators ................................................. 42
W orl e e t .................................................. 44
d Me rch ant Fl
Fre igh t and Ch arte r Mark e t ....................................... 47
Sh ipping Price s and Cos ts ......................................... 61
W orl
d Sh ipb uil
ding ................................................... 63
W orl
d Port Traffic ..................................................... 66
Page
ISL Comment 5-12
Editorial Team: Reinhard Monden, Dieter Stockmann
(1) THE MAJOR SHIPPING NATIONS
1.1 Registered Tonnage of the Top Ten Countries .............................................. 5
1.2 The Top Ten Shipping Nations and their Controlled Fleet Development ............ 7
1.3 Future Tonnage Development of the Top Ten Shipping Countries ................... 8
(2) COUNTRY PROFILES OF MAJOR SHIPPING NATIONS
2.1 Greece Fleet Development ......................................................................... 9
2.2 Japan Fleet Development .......................................................................... 10
2.3 Germany Fleet Development ...................................................................... 10
2.4 Chinese Fleet Development ....................................................................... 11
2.5 Fleet Development of the Republic of Korea ................................................. 12
COMMENT - SUMMARY TABLES
Tab. 1 Controlled Fleets of Major Shipping Nations as of July 1st, 2006-2010 ............. 5
Tab. 2 Registered Fleets of Major Shipping Nations as of July 1st, 2006-2010................ 5
Tab. 3 Average Growth Rates (dwt-%) by Ship Types for Selected Registered Flags
as of July 1st, 2006 - 2010 (in mill dwt) ....................................................... 5
Tab. 4 Open Registry Flag's Tonnage for the Top Ten Shipping Nations
as of July 1st; 2010 (dwt %-share) ............................................................... 6
Tab. 5 Tonnage Shares (dwt) of the Ten Top Ranking Countries of Domicile
on the World Merchant Fleet by Ship Type as of July 1st, 2010 ...................... 6
Tab. 6 Tonnage Additions of the Top Ten Shipping Countries During
July 2009 - June 2010 (mill dwt and 1,000 TEU) .......................................... 7
Tab. 7 World Order Book by Ship Type of the Top Ten Countries of Domicile
as of July 1st, 2010 (mill dwt and 1,000 TEU) ................................................. 7
Tab. 8 Key Figures - Greece Controlled Fleet as of July 1st, 2010 ................................ 7
st
Tab. 9 Key Figures - Japan Controlled Fleet as of July 1 , 2010 .................................. 8
Tab. 10 Key Figures - Germany Controlled Fleet as of July 1st, 2010 ............................. 8
Tab. 11 Key Figures – PR of China Controlled Fleet as of July 1st, 2010 ......................... 8
Tab. 12 Key Figures – Korea, Rep. of Controlled Fleet as of July 1st, 2010 ..................... 9
COMMENT - FIGURES
Fig. 1 World Merchant Fleet - Controlled Tonnage by Region
(mill dwt, av. dwt %-Growth 2006-2010) .................................................... 5
Fig. 2 National and Foreign Flag Tonnage Shares (dwt) Attributable to
Countries of Domicile as of July 1st, 2010 .................................................... 6
Fig. 3 Controlled Tonnage (dwt) of the World Merchant Fleet Attributable to
the Top Ranking Countries of Domicile as of July 1st, 1996 – 2010 ................ 7
st
Fig. 4 Controlled Fleet of Major Shipping Nations as of July 1 , 2010 (dwt 2010 and
Average Yearly dwt Growth 2006-2010) ...................................................... 7
Fig. 5 Registered Fleet Developments of the Top Five Shipping Countries
as of July 1st, 2001- 2010 (dwt-Index 2001=100) ........................................ 8
Fig. 6 Controlled Fleet Developments of the Top Five Shipping Countries
as of July 1st, 2001- 2010 (dwt-Index 2001=100) ......................................... 9
Fig. 7 Greece – Controlled Fleet by National and Foreign Flag Registered Tonnage
Quarterly as of July 1st, 2001- 2010 (mill dwt) ............................................. 9
Fig. 8 Japan – Controlled Fleet by National and Foreign Flag Registered Tonnage
Quarterly as of July 1st, 2001- 2010 (mill dwt) .............................................. 10
Fig. 9 Germany – Controlled Fleet by National and Foreign Flag Registered Tonnage
Quarterly as of July 1st, 2001- 2010 (mill dwt) .............................................. 10
Fig. 10 China, PR of – Controlled Fleet by National and Foreign Flag Registered
Tonnage Quarterly as of July 1st, 2001- 2010 (mill dwt) ................................. 11
Fig. 11 Korea, Rep. of – Controlled Fleet by National and Foreign Flag Registered
Tonnage Quarterly as of July 1st, 2001- 2010 (mill dwt) ................................. 12
Page
ISL InfoLine Special 13-18
(1) ONLINE INFORMATION COMPILED FROM LEADING INDUSTRY SOURCES (2) ISL SEABASE – NEW LITERATURE ........... 13
This “short comment” is an excerpt from the “Analytical Comment” published in the ISL Shipping Statistics and
Market Review (SSMR) No 11 2010.
The SSMR includes detailed statistical information concerning the “analytical focus” and provides approx. 30
monthly/quarterly market indicators (Market Review).
1 MAJOR SHIPPING NATIONS Fig. 1: World merchant fleet - controlled tonnage by region as of July,
1st 2010 (mill dwt, av. dwt %-growth 2006-2010)
The world shipping scene is determined by a small
number of shipping countries with a strong regional Unknown, 18.8%,
99.4 mill dwt
Africa, 11.7%,
7.2 mill dwt
America, 10.8%,
90.9 mill dwt
focus on Europe and Asia. The following ISL statistical
analysis of the merchant fleets of leading shipping
nations covers primarily the “controlled tonnage” of the Europe, 4.4%,
top ten shipping countries. Focus is the “country of 517.5 mill dwt
Asia/Oceania,
7.9%, 569.3 mill
domicile” feature allowing also an indication of the dwt
US 83.3
1.1 Registered tonnage of the top ten countries 68.5
Greece
The foreign flag registered tonnage of the leading nations Norway 66.1
is also reflected in the development of the major open 61.9
Denmark
registry flags. Mid of, 2010, these flags had a tonnage 61.1
Korea, Rep. of
share of 81.4 per cent in the foreign flag registered
59.4
tonnage of the top ten countries of domicile. China, PRof
Foreignflag
Singapore 42.6
Expressed in dwt, the “top ten shipping nations” National flag
Hong Kong 37.4
increased their national flag registered tonnage between
July 1st, 2006 and 2010 by 91 mill dwt, the top ten open 0 20 40 60 80 100
registry flags’ tonnage expanded by 196 mill dwt. dwt %-share
Based on the flag ranking as of July 1st, 2010, the major Fig. 3: Controlled tonnage (dwt) of the world merchant fleet
open registry flags include the top ten countries of attributable to the top ranking countries of domicile as of
July 1st, 1996 – 2010
registration, namely Panama, Liberia, Marshall Islands,
900
the Bahamas, Malta, Cyprus, Antigua & Barbuda, Top ten controlledfleets Others
800
Bermuda, Saint Vincent, and Cayman Islands. The total
700
registered tonnage of the ten major open flags increased
600
by 8.8 per cent over the last year (July 1st). The tonnage
mill dwt
500
of the open registry flags stood at 716 mill dwt,
400
representing a share of 55.7 per cent in the total world
300
merchant fleet (ships of 1000 gt and over).
200
The analytical results reflect that in the four years 100
between July 1st, 2006 and July 1st, 2010, the tonnage 0
volume of top ten major open registry flags increased by 1996 1998 2000 2002 2004 2006 2008 2010
8.4 per cent annually, the registered tonnage of the “top
ten shipping nations” grew by 7.6 per cent. While the
preference for foreign registration continues, the majority Fig. 4: Controlled fleet of major shipping nations as of July 1st, 2010
(dwt 2010 and average yearly dwt growth 2006 - 2010)
of the top countries of domicile (with the exception of
240.0
Norway and the US) were able to expand their national
registers considerably, too. 200.0
Greece
Japan
China, PR of
ranking countries’ registered fleets showed growth 120.0 Germany, FR of
tendencies across all major ship types (compare table 3).
80.0
Korea, Rep. of
US
Norway
40.0
Singapore
1.2 The top ten shipping nations and their Hong Kong Denmark
0.0
controlled fleet development -6.0 -3.0 0.0 3.0 6.0 9.0 12.0 15.0
The tonnage registered under foreign flags is a major av. yearly growth 2006-2010 in dwt-%
Approx. 54 per cent of the tonnage of the top 150 Korea, Rep. of
ranking shipping nations is attributable to Panama Greece
100
and Liberia.
78.6 per cent of the Japanese and 91.5 per cent of 50
2002 2003 2004 2005 2006 2007 2008 2009 2010
the South Korean controlled fleet is registered in
Panama.
Greek ship owners mainly use the Liberian, Maltese
and the Marshall Islands’ register.
German ship owners favour Liberia (50.8 per cent)
and – at a distance – Antigua & Barbuda (13.0 per
cent) as well as the Marshall Islands (12.0 per cent).
Chinese ship owners mainly register their ships
under the flag of the Panama (39.9 per cent).
US ship owners traditionally prefer the registers of Fig. 6: Controlled fleet developments of the top five shipping countries
the Marshall Islands (42.9 per cent) and Panama as of July 1st, 2002- 2010 (dwt-index 2001=100)
(11.9 per cent). 275
Korea, Rep. of
Foreign-flag registration of the top shipping nations 250
1.3 Top countries for scrapping Fig. 7: Greece – Controlled fleet by national and foreign flag
registered tonnage quarterly July 1st, 2001- 2010 (mill dwt)
In contrast to new orders, the demolition of ships was 140.0
actually booming during the crisis of the shipping Greece
120.0
markets. In 2009, the scrapping volume of merchant 100.0
vessels was about 33 mill dwt (see table 8). 80.0
mill dwt
60.0
Today, most ship breaking yards are in Bangladesh, in
40.0
India, in China and in Pakistan. About 94 per cent of the
20.0
broken up tonnage in 2009 were recorded for the four
0.0
mentioned countries. As in other shipping segments,
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
China increased its share – from 8.3 per cent in 2006 to
National Foreign
nearly 25 per cent in 2009. Bangladesh was in the lead
with a share of about 32 per cent in 2009 (10.5 mill dwt).
Fig. 8: Japan – Controlled fleet by national and foreign flag registered
tonnage as of July 1st, 2001- 2010 (mill dwt)
100.0
July 2009 and June 2010 comprise a total tonnage volume 80.0
of approx. 94 mill dwt. This is equal to a share of 69 per 60.0
cent of the total fleet additions in this period. Large parts 40.0
20.0
of these newbuildings were attributable to Japan, Greece, 0.0
China and Germany. In the same period, the broken-up 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
tonnage reached a total volume of 30 mill dwt. National Foreign
As of July 1st, 2010, 290 mill dwt were on order by the
top ten shipping countries equal to 63 percent of the
Fig. 9: Germany – Controlled fleet by national and foreign flag
total world order book. Due to the massive tonnage registered tonnage as of July 1st, 2001- 2010 (mill dwt)
increases (compare figure 6) and the ordered tonnage,
especially China and Japan narrowed the gap to Greece. 100.0
Germany
80.0
mill dwt
60.0
NATIONS 20.0
mill dwt
40.0
30.0
20.0
10.0
0.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
National Foreign
Fig. 11: Korea, Rep. of – Controlled fleet by national and foreign flag
registered tonnage as of July 1st, 2001- 2010 (mill dwt)
30.0
Korea, Rep. of
25.0
20.0
mill dwt
15.0
10.0
5.0
0.0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
National Foreign
Sources:
If not otherwise mentioned, the source for tables and figures
concerning the world merchant fleet, special ship type features and
order book information is “ISL based on IHS Fairplay”, please quote
accordingly.
© ISL SSMR 2010
Copyright:
No parts of this comment may be reproduced without permission in
writing from the authors