Chair Leif Svanström Co-ordinator Moa Sundström 28 March 2011.
LEIF HÖEGH & CO.
description
Transcript of LEIF HÖEGH & CO.
LEIF HÖEGH & CO.
Presentation 10.04.2003
LEIF HÖEGH & CO.
Part 1:
Market
World vehicle movements 2002
Ex N America0.4 mill.
Ex Europe1.8 mill.
Ex Japan / KoreaEx Japan / Korea6.5 mill.6.5 mill.
To N. America
To S. America
300
120
80 550550
350200200
19001900
40
900
150
80
28252825
370370
30
Factory-new cars & light commercial vehicles, plus 2nd hand vehicles (estimated)
75
580580
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Global car production is expected to grow by
19.5% from 1999 levels
48 000 000
50 000 000
52 000 000
54 000 000
56 000 000
58 000 000
60 000 000
62 000 000
64 000 000
66 000 000
CY1999 CY2001 CY2003 CY2005 CY2007
0 %
5 %
10 %
15 %
20 %
25 %
Grand Total Captive growth
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World PCC/PCTC fleet - age composition
277 351
470 043
378 599
183 900
440 048
160 750
35
88
40
78
80
118
0
50 000
100 000
150 000
200 000
250 000
300 000
350 000
400 000
450 000
500 000
1973-80 1981-85 1986-90 1991-95 1996-00 2001-03
Inta
ke
ca
pa
cit
y (
RT
43
)
0
20
40
60
80
100
120
140
nu
mb
er
of s
hip
s
Intake capacity Number of ships
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Age distribution of world PCC / PCTC fleet Including confirmed NB contracts
• 2003: 437 vessels
• 2008: 472 vessels
• 72 NBs confirmed
• No scrapping 2002
Age distribution 2003 -2008
127
5244
110
31
44
128
31
89
128
18
107
0
20
40
60
80
100
120
140
2003 2008
0-5 6-10 11-15 16-20 20-25 <25
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PCC/PCTC supply/demand balance
-32,7 -36,4-44,3
-31,9
-45,7
-68,7
28,8 31,6
21,8
42,232,4
5,0
33,743,6
49,8
73,4 76,2
65,3
-80,0
-60,0
-40,0
-20,0
0,0
20,0
40,0
60,0
80,0
100,0
2001 2002 2003 2004 2005 2006
20 year scenario 25 year scenario 30 year scenario
• 72 newbuildings are confirmed to be delivered 2003-2005.• The balance is based on volumes as estimated autumn 2002.
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OVERCAPACITY
UNDERCAPACITY
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Part 2:
HUAL
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HUALNORTH AMERICA INC.(New York, Baltimore,Chicago, Jacksonville)
HUALJAPAN K.K.
(Yokohama & Tokyo)
HUALFRANCE S.A.R.L.(Paris & Le Havre)
HUALUK LTD
HUALBENELUX B.V.
HUALGERMANY GMBH
HUAL REP.COTONOU
HUAL REP.DUBAI
HUAL REP.SAN JUAN
HUAL REP.DURBAN
KIWI CAR CARRIERS
HUALCHINA
HUAL has a strong presence in all important Ro/Ro markets –
– as well as a modern and flexible fleet –
• HUAL operates ± 45 deep-sea ro/ro
vessels at any given time
• 27 vessels are owned or chartered on
long-term T/C
• Remaining on short or medium term
charters
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LEIF HÖEGH & CO.
To North America
To South America
US - EuropeFar East -
Caribbean/USEC/US Gulf
Far East -South America
Europe - South Africa / Australia
Europe - Far East
Europe - Middle East
US - Africa
Far East -Europe
Japan-New Zealand(KIWI)
Europe - Caribbean/US
– and trade systems that span the globe –
Europe -West Africa
US -Middle East
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To North America
To South America
USEU: 24
FEUS: 36
FESA: 12
EUAF+ EUAU : 30
EUFE: 24EUME: 24
USAF: 12
FEEU: 36FEEU: 36
KIWI : 36
EUCA: 24EUCA: 24
– offering excellent services and frequencies
USME: 24EUWA: 14
Far East Outbound trades - 2002
Total volume: 365,000 CEUs
Far East-Europe:155,000
Far East-South America40,000
Japan-New Zealand66,000
Far East-US:104,000
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Europe outbound trades - 2002Total volume: 490,000 CEUs
Europe-Far East:93,000
Europe-Middle Europe-Middle East: 135,000East: 135,000
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Europe -Caribbean57,000
Europe -Africa/Australia205,000
US outbound trades - 2002Total volume: 201,000 CEUs
US-Europe:25,000
US- Middle East:148,000
US- Africa:28,000
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LEIF HÖEGH & CO.
HUAL’s cargo portfolio is diversified, both in terms of cargo composition –
54 %28 %
18 %
New cars
Used cars
High/Heavy
– and customers
North America Outbound201,000 CEUs
Europe Outbound490,000 CEUs
Far East Outbound365,000 CEUs
General MotorsFordDaimlerChryslerCaterpillarDeere & Co.Baylineretc. etc.
DaimlerChryslerBMWRenault/NissanPAG (Ford/Volvo/LR/Jaguar)Peugeot/CitroënVWetc. etc.
NissanSubaruGM DAT (Daewoo)KomatsuKobelcoHitachietc. etc.
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KIWI Car Carriers
• Major player in Japan-New Zealand used-car trade
• Profitable company
• Strong infrastructure and systems for shipping used vehicles, including 4 Terminal Receiving Stations in Japan
–Transfer of know-how – sharing of best practices in POV trade
• Potential for significant synergies with regard to–Trade pattern–Tonnage
• www.kiwicar.com
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CETAM services
CETAM currently operates fiveseparate services:
• Between Turkey and France/Spain with 2 sailings per month• Between France and Tunis with 3 sailings per week• Between Santander, Le Havre,
Zeebrugge, Teesport, Newcastle, Amsterdam, Le Havre, Santander in joint operation with EMC Amsterdam.
• Between Southampton and Santander with one sailing per week
• Between Barcelona, Marseilles and Algiers with one sailing per week
2002 transportation volume: 275.000 car equivalents
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HUAL’s Caribbean
service
USA
Mexico
Colombia
DominicanRepublic
Guy
ana French
Guyana
Surin
am
Venezuela
Jamaica
Guadeloupe
Costa Rica
Deep-sea service ex Europe
Feeder service
Deep-sea service ex Far East
PuertoRico
Deep-sea service ex US
Martinique
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HUAL highlights 2002
• First full year with Kiwi under LHC ownership– Record volume (66,000 CEUs), good financial results
• Contracts for 3 PCTC newbuildings for delivery 2005
• Contracts for long-term charters of 3 PCTC newbuildings for delivery in 2003
• Contract for Airbus newbuilding at Jingling
• HUAL EUROPE grounding Oct. 1, later declared total loss
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HUAL highlights 2003 - so far
• Nissan contracts to Europe and North America renewed from 01.04.2003
• GMDAT contract Korea-Europe fixed for 2 years from 01.01.2003
• Purchased KIWI BREEZE in order to ensure stable tonnage supply to Kiwi
• Main challenge going forward: – Market imbalance between European inbound and outbound trades
and impact for availability of tonnage to serve European auto industry
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Market trends – HUAL trades
FAR EAST OUTBOUND• The recovery of main HUAL customer Nissan continues
– Ambitious growth plans, significant export volumes from plants outside Japan – USA, UK, Spain. China likely to follow.
• GMDAT consolidating and gearing up for export growth– Europe, North & South America
• Record NZ import of used vehicles, strong performance by Kiwi
• New foothold in China generates exports and imports
• Breakdown of Conference car carrying arm – no impact for HUAL short/medium term
• EUKOR: Based on external and internal studies, EUKOR will require substantial replacement tonnage during the coming 1-5 years
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Market trends – HUAL trades
EUROPE OUTBOUND• Strong growth in European vehicle exports expected to continue• HUAL enjoys a strong position and market shares in the most
profitable trades ex Europe• End of Iraq war expected to provide strong impetus for growth in
shipments to the Middle East– Reconstruction of Iraq
– Consumer confidence in neighbouring countries
• HUAL increasing its frequency Europe-Australia to 2 sailings per month– Australia increasingly interesting market for Ro/Ro import/export
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Market trends – HUAL trades
US OUTBOUND• HUAL maintaining position and market share in our traditional
stronghold in the Middle East– “Peace dividend” after Iraq war ends?
• USA - Africa trade has long-term potential
• USA - Europe trade suffering from low shipment volumes