FONASBA ANNUAL MEETING FONASBA ANNUAL MEETING The containership market The containership market Centro de Navegaci Centro de Navegaci ó ó n (Argentina) n (Argentina) Eng. Rodolfo Garc Eng. Rodolfo Garc í í a Pi a Pi ñ ñ eiro, Vice eiro, Vice - - president president Varna Varna , , October 2010 October 2010
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FONASBA ANNUAL MEETING The containership marketfonasba.com/.../uploads/2012/06/CONTAINER-REPORT-2010-PINIERO.pdfFONASBA ANNUAL MEETING The containership market ... (Argentina) Eng.
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FONASBA ANNUAL MEETINGFONASBA ANNUAL MEETING
The containership marketThe containership market
Centro de NavegaciCentro de Navegacióón (Argentina)n (Argentina)Eng. Rodolfo GarcEng. Rodolfo Garcíía Pia Piññeiro, Viceeiro, Vice--presidentpresident
VarnaVarna, , October 2010October 2010
ForewordForeword
•• Recession lasted more than one year from oct. 2008 till beginninRecession lasted more than one year from oct. 2008 till beginning 2010.g 2010.
•• Main operators reported losses u$d 15 bi last year.Main operators reported losses u$d 15 bi last year.
•• Spot freight rates fell to their lowest ever levels. Spot freight rates fell to their lowest ever levels.
•• Charter rates in free fall.Charter rates in free fall.
•• Container production almost stopped.Container production almost stopped.
•• Projects for existing or new terminals delayed or cancelled.Projects for existing or new terminals delayed or cancelled.
•• Shipowners main steps: cancelled orders, delayed deliveries, scrShipowners main steps: cancelled orders, delayed deliveries, scrapping apping (380.000 teu), extra slow steaming, fundraising initiatives.(380.000 teu), extra slow steaming, fundraising initiatives.
Main Liner Operators Main Liner Operators –– Operating Loss 2009Operating Loss 2009
Source: Alphaliner
Container production & pricesContainer production & prices
•• Container shipping still led by the same trio, Maersk Line, MSC Container shipping still led by the same trio, Maersk Line, MSC and CMA and CMA CGM, who together control 34.7 % of the total fleet in teu termsCGM, who together control 34.7 % of the total fleet in teu terms..
•• Maersk lost share from 15.6 % to 14.5 %.Maersk lost share from 15.6 % to 14.5 %.
•• MSC increased its share from 11.3 % to 12.1 %.MSC increased its share from 11.3 % to 12.1 %.
•• CMA CGM increased its share from 7.6 % to 8,1 %.CMA CGM increased its share from 7.6 % to 8,1 %.
•• Top 10 operators concentrate 60,7 % of the total fleet.Top 10 operators concentrate 60,7 % of the total fleet.
•• Most remarkable increase CSAV, from 2,1 % to 3,7 %Most remarkable increase CSAV, from 2,1 % to 3,7 % racing through the racing through the ranking, from number 16 to number 7. ranking, from number 16 to number 7.
Top 20 leagueTop 20 league((September 2010)September 2010)
•• The charter market dropped in free fall from the second half ofThe charter market dropped in free fall from the second half of
2008.2008.
•• Continued falling during first half last year.Continued falling during first half last year.
•• Mantained very low levels untill beginning of this year.Mantained very low levels untill beginning of this year.
•• Moderately recovered.Moderately recovered.
•• Still a long way to go back to values reached mid 2008.Still a long way to go back to values reached mid 2008.
Charter rates evolution (sept. 2010)Charter rates evolution (sept. 2010)
Source: AxsSource: Axs--AlphalinerAlphaliner
Cellular fleetCellular fleet
•• The cellular fleet at 1st of January 2010 comprises 4,719 ships The cellular fleet at 1st of January 2010 comprises 4,719 ships for for 13,057,000 teu.13,057,000 teu.
•• Cellular ships delivered in 2009 totalled 269 units (1,071,000 tCellular ships delivered in 2009 totalled 269 units (1,071,000 teu).eu).
•• The fleet grew 5.6 % during 2009.The fleet grew 5.6 % during 2009.
•• Almost no orders were placed during 2009.Almost no orders were placed during 2009.
•• The order book at Jan 1st. 2010 represented 36% of existing fleeThe order book at Jan 1st. 2010 represented 36% of existing fleet. One t. One and a half year earlier, reached the equivalent of 60% of the eand a half year earlier, reached the equivalent of 60% of the existing xisting fleet.fleet.
•• 90% of the capacity on order concentrated on ships over 4,000 te90% of the capacity on order concentrated on ships over 4,000 teuu
•• 204 units representing 380,000 teu were scrapped.204 units representing 380,000 teu were scrapped.
•• Last year, for the first time in the history of container traffiLast year, for the first time in the history of container traffic, we have c, we have seen a decrease .seen a decrease .
•• PrePre--crisis volumes recorded in 2008 were 535 Mteu.crisis volumes recorded in 2008 were 535 Mteu.
•• Last year volumes (estimated) dropped to 489 Mteu.Last year volumes (estimated) dropped to 489 Mteu.
•• Strong performance in the first quarter of this year, in most ChStrong performance in the first quarter of this year, in most China ina ports, with levels above 2008.ports, with levels above 2008.
•• Global container port handling volumes are expected to grow 11,6Global container port handling volumes are expected to grow 11,6 % % this year to 545 Mteu.this year to 545 Mteu.
Source: Alphaliner Newsletter
Container handling in China PortsContainer handling in China Ports
Source: DynamarSource: Dynamar
Global container port handling volumesGlobal container port handling volumes