Monthly Newbuilding Market Report · preparation of this report, no representation or warranty,...
Transcript of Monthly Newbuilding Market Report · preparation of this report, no representation or warranty,...
Monthly Newbuilding Market Report Issue: February 2015
Overview of Ordering Activity (per vessel type / Top Ranking of Contractors) page 1
Ordering Activity (No. of Units ordered, Dwt, Invested Capital) page 2
Overall - Greek Presence - Chinese Presence
Newbuilding Trends (Ordering Activity per Vessel Size for main segments) page 3 - 4
Overall – Greek Presence
Overview of Ordering Activity (Top Shipbuilding Countries) page 5 -6
Ordering Activity (No. of Units ordered, Dwt, Cbm TEU)
China – Japan-Korea page 7
Newbuilding Trends (Ordering Activity per Vessel Size for main segments) page 8 -10
GOLDEN DESTINY RESEARCH & VALUATIONS
All the information contained in this report is given in good faith, but
without any guarantee from our part, and is based on our S&P Market
Reports and Insight Market Information provided and/or collected from
various sources. This report is presented for the sole and exclusive
information of its recipients and whilst every care has been taken in the
preparation of this report, no representation or warranty, express or
implied, is made by Golden Destiny S.A. in respect of the accuracy,
completeness or correctness of the information contained herein.
Neither our company nor its directors or employees assumes or accepts
any liability whatsoever for any loss or damage incurred by any person
whatsoever in relation to and/or as a result of the use of and/or due to
any person’s reliance on the information contained in this report.
Furthermore, no responsibility is accepted in respect of any errors or
inaccuracies which may be contained in this report.
Website: www.goldendestiny.com Research & Valuations: [email protected] Sale & Purchase: [email protected] Marine Insurance: [email protected] GOLDEN DESTINY PIRAEUS: 57 AKTI MIAOULI 18536 TEL: +30 210 4295000 FAX: +30 210 4292346 ISTANBUL: UPRISE ELITE, C1AB BLOK, K: 5, D: 59, SOGANLIK, KARTAL ,ISTANBUL 34880, TEL:+90 216 999 0442 FAX: +90 216 999 0548
GOLDEN DESTINY RESEARCH SERVICES
WEEKLY PUBLICATIONS: Weekly S&P Market Report Weekly Secondhand /Demolition/Newbuilding Analysis Weekly Snapshot of Economic and Shipping Environment
MONTHLY PUBLICATIONS:
Monthly S&P Market Report Monthly Newbuilding Market Report Monthly Secondhand/Demolition/Newbuilding Analysis
QUARTERLY/ ANNUAL PUBLICATIONS: Quarterly S&P Statistics for the pace of shipping investments Annual S&P Statistics for the pace of shipping investments
SPECIAL EDITIONS:
Weekly S&P Market Trends Overview of Market Values (Secondhand/Newbuilding Market) Other Reports / Analysis concerning the outlook of Secondhand / Demolition / Newbuilding Transactions
For registration in GOLDEN DESTINY’S RESEARCH VALUATIONS, you can contact directly by emailing to [email protected]
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 1 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING MARKET -Overview of Ordering Activity
Per Vessel Type for Main Segments Top Ranking of Contractors
m-o-m y-o-y
-14% -58%
125% -51%
155% -36%
No. of Vessels Ordered 131 153 314
Chinese Presence 28 11 44
Greek Presence 18 8
February 2015 Previous Month February 2014
37
Average Dwt Ordered: 71,703
Total Invested Capital: 3,122,400,001 82
Greek Presence:
Total New orders 18 14% share to the total Ordering Activity
Average Dwt Ordered: 127,108
Total Invested Capital: 452,000,000 13 NB deals reported at an undisclosed Contract Price
Chinese Presence:
Total New orders 28 21% share to the total Ordering Activity
Average Dwt Ordered: 50,380
Total Invested Capital: 503,400,001 20 NB deals reported at an undisclosed Contract Price
Per Vessel Type
Bulk Carriers
Average Dwt Ordered: 49,135 118% m-o-m -66% y-o-y
Total Invested Capital: 147,500,001 33 NB deals reported at an undisclosed Contract Price
Tankers
Average Dwt Ordered: 173,432 142% m-o-m -52% y-o-y
Total Invested Capital: 1,809,800,000 6 NB deals reported at an undisclosed Contract Price
LNG Tankers
Average Cbm Ordered: 124,800 -69% m-o-m -75% y-o-y
Total Invested Capital: 560,000,000 6 NB deals reported at an undisclosed Contract Price
LPG Tankers
Average Cbm Ordered: 32,750 200% m-o-m -88% y-o-y
Total Invested Capital: 186,800,000 - NB deals reported at an undisclosed Contract Price
Containers
Average TEU Ordered: 2,150 -54% m-o-m -7% y-o-y
Total Invested Capital: 273,000,000 6 NB deals reported at an undisclosed Contract Price
% change volume of activity
NB deals reported at an undisclosed Contract Price
Bulk Carriers;
28%
Tankers; 22%
Gas; 5%
Cont; 10%
Reefer; 2% Ro-Ro/Cruise;
6%
FEB 2015: ORDERING ACTIVITY PER VESSEL TYPE
Undisclosed; 5%
PRC-HK; 21%
GR; 14%
DNM; 7%
NOR; 6%
SKR; 5%
FEB 2015: TOP RANKING OF CONTRACTORS
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 2 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING MARKET
Ordering Activity (No of Units Ordered, Dwt, Invested Capital) Greek Presence (No of Units Ordered, Dwt, Invested Capital) Chinese Presence (No of Units Ordered, Dwt, Invested Capital)
Ordering Activity (Overall)
Vessel Type Units Dwt ($) Invested P&C Units %m-o-m Units %y-o-yBulk Carriers 37 1,928,933 147,500,001 33 17 118% 108 -66%
Tankers 29 5,821,024 1,809,800,000 6 12 142% 60 -52%
Gas Tankers-LNG 4 233,800 560,000,000 - 13 -69% 16 -75%
Gas Tankers-LPG 3 68,500 186,800,000 - 1 200% 25 -88%
General Cargo/MPP 0 - - - 17 - 13 -
Containers 13 43,600 273,000,000 6 28 -54% 14 -7%
Reefers 2 12,000 - 2 0 - 0 -
Passenger/Cruise 0 - - - 0 - 8 -
Ro-Ro 8 9,800 8,600,000 7 5 60% 1 700%
Car Carrier 0 - - - 0 - 0 -
Combined 0 - - - 0 - 0 -
Special Projects 35 68,875 136,700,000 28 60 -42% 69 -49%
TOTAL 131 8,186,532 3,122,400,001 82 153 -14% 314 -58%
GREEK PRESENCE 14% share to the total Ordering Activity
Vessel Type Units Dwt ($) Invested P&C Units %m-o-m Units %y-o-yBulk Carriers 9 553,700 0 9 0 - 13 -31%
Tankers 7 1,659,144 452,000,000 2 0 - 10 -30%
Gas Tankers-LNG 0 - - - 2 - 2 -
Gas Tankers-LPG 0 - - - 0 - 6 -
General Cargo/MPP 0 - - - 0 - 0 -
Containers 2 43,600 0 2 6 -67% 4 -50%
Reefers 0 - - - 0 - 0 -
Passenger/Cruise 0 - - - 0 - 0 -
Ro-Ro 0 - - - 0 - 0 -
Car Carrier 0 - - - 0 - 0 -
Combined 0 - - - 0 - 0 -
Special Projects 0 - - - 0 - 2 -
TOTAL 18 2,256,444 452,000,000 13 8 125% 37 -51%
CHINESE PRESENCE 21% share to the total Ordering Activity
Vessel Type Units Dwt ($) Invested P&C Units %m-o-m Units %y-o-y
Bulk Carriers 5 264,500 81,500,001 2 0 - 22 -77%
Tankers 5 1,306,000 421,900,000 - 1 400% 1 -
Gas Tankers-LNG 0 - - - 2 - 0 -
Gas Tankers-LPG 0 - - - 0 - 15 -
General Cargo/MPP 0 - - - 3 - 4 -
Containers 0 - - - 2 - 0 -
Reefers 2 12,000 0 2 0 - 0 -
Passenger/Cruise 0 - - - 0 - 0 -
Ro-Ro 0 - - - 0 - 0 -
Car Carrier 0 - - - 0 - 0 -
Combined 0 - - - 0 - 0 -
Special Projects 16 26,000 0 16 3 - 2 -
TOTAL 28 1,608,500 503,400,001 20 11 155% 44 -36%
Previous Month Previous Year
Previous Month Previous Year
Previous Month Previous Year
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 3 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING TRENDS – OVERALL
Ordering Activity Per Vessel Size for Main Segments
Per Vessel Size
Dwt Bulk Carriers Units Average Dwt Ordered Units %m-o-m Units %y-o-y
10,000-29,999 Handy 0 - 0 - 1 -100%
30,000-39,000 Handysize 12 36,376 13 -8% 17 -29%
40,000-49,999 Handymax 5 43,750 0 - 0 -
50,000-59,999 Supramax 2 58,000 0 - 7 -71%
60,000-67,000 Ultramax 6 65,673 0 - 43 -86%
70,000-78,999 Panamax 0 - 0 - 5 -100%
79,000-87,000 Kamsarmax 9 81,900 0 - 21 -57%
90,000-99,999 Post Panamax 0 - 0 - 0 -
100,000-119,999 Min Cape 0 - 0 - 0 -
120,000-219,999 Capesize 0 - 4 -100% 11 -100%
>=220,000 VLOC 0 - 0 - 3 -100%
TOTAL 34 49,135 17 100% 108 -69%
Dwt Tankers Units Average Dwt Ordered Units %m-o-m Units %y-o-y
less than 10,000 Small 2 7,040 0 - 3 -33%
10,000-34,999 Handy 0 - 1 -100% 11 -100%
35,000-54,999 MR/Handymax 0 - 0 - 16 -100%
55,000-79,999 LR1-Panamax 4 74,000 0 - 9 -56%
80,000-119,999 LR2-Aframax 3 114,950 7 -57% 9 -67%
120,000-160,000 Suezmax 7 153,691 1 600% 0 -
161,000-320,000 VLCC 13 315,000 2 550% 12 8%
TOTAL 29 173,432 11 164% 60 -52%
LNG Tankers Units Average Cbm Ordered Units %m-o-m Units %y-o-y
Small 0 - 1 -100% 10 -100%
Medium 2 27,000 1 100% 0 -
Very Large 2 173,700 11 -82% 4 -50%
TOTAL 4 124,800 13 -69% 14 -71%
Cbm LPG Tankers Units Average Cbm Ordered Units %m-o-m Units %y-o-y
1,000-11,999 Small 0 - 1 -100% 2 -100%
12,000-19,999 Handy 0 - 0 - 0 -
20,000-49,999 Medium-MGC 3 32,750 0 - 0 -
50,000-69,999 Large-LGC 0 - 0 - 0 -
>=70,000 Very Lagre-VLGC 0 - 0 - 23 -100%
TOTAL 3 32,750 1 200% 25 -88%
TEU Containers Units Average TEU Ordered Units %m-o-m Units %y-o-y
0-999 Feeder / Feedermax 0 - 0 - 1 -100%
1,000-1,999 Handy 6 1,633 2 200% 3 100%
2,000-2,999 Sub-Panamax 0 - 2 -100% 1 -100%
3,000-4,999 Small Panamax 7 3,700 2 250% 0 -
5,000-7,999 Large Panamax 0 - 0 - 0 -
8,000-10,000 Post Panamax 0 - 0 - 9 -100%
>10,000 Post Panamax 0 - 22 -100% 0 -
TOTAL 13 2,150 28 -54% 14 -7%
Previous YearFebruary 2015 Previous Month
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 4 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING TRENDS - GREEK PRESENCE Ordering Activity
Per Vessel Size for Main Segments
Per Vessel Size
Dwt Bulk Carriers Units Average Dwt Ordered Units %m-o-m Units %y-o-y
10,000-29,999 Handy 0 - 0 - 0 -
30,000-39,000 Handysize 4 35,750 0 - 0 -
40,000-49,999 Handymax 0 - 0 - 0 -
50,000-59,999 Supramax 0 - 0 - 0 -
60,000-67,000 Ultramax 0 - 0 - 4 -100%
70,000-78,999 Panamax 0 - 0 - 0 -
79,000-87,000 Kamsarmax 5 81,800 0 - 1 400%
90,000-99,999 Post Panamax 0 - 0 - 0 -
100,000-119,999 Min Cape 0 - 0 - 0 -
120,000-219,999 Capesize 0 - 0 - 8 -100%
>=220,000 VLOC 0 - 0 - 0 -
TOTAL 9 58,775 0 - 13 -31%
Dwt Tankers Units Average Dwt Ordered Units %m-o-m Units %y-o-y
less than 10,000 Small 0 - 0 - 0 -
10,000-34,999 Handy 0 - 0 - 0 -
35,000-54,999 MR/Handymax 0 - 0 - 4 -100%
55,000-79,999 LR1-Panamax 0 - 0 - 0 -
80,000-119,999 LR2-Aframax 1 115,000 0 - 4 -75%
120,000-160,000 Suezmax 2 145,072 0 - 0 -
161,000-320,000 VLCC 4 313,500 0 - 2 100%
TOTAL 7 221,768 0 - 10 -100%
LNG Tankers Units Average Cbm Ordered Units %m-o-m Units %y-o-y
Small 0 - 0 - 0 -
Very Large 0 - 2 -100% 2 -100%
TOTAL 0 - 2 -100% 2 -100%
Cbm LPG Tankers Units Average Cbm Ordered Units %m-o-m Units %y-o-y
1,000-11,999 Small 0 - 0 - 1 -100%
12,000-19,999 Handy 0 - 0 - 0 -
20,000-49,999 Medium-MGC 0 - 0 - 0 -
50,000-69,999 Large-LGC 0 - 0 - 0 -
>=70,000 Very Lagre-VLGC 0 - 0 - 5 -100%
TOTAL 0 - 0 - 6 -100%
TEU Containers Units Average TEU Ordered Units %m-o-m Units %y-o-y
0-999 Feeder / Feedermax 0 - 0 - 0 -
1,000-1,999 Handy 2 1,800 0 - 2 0%
2,000-2,999 Sub-Panamax 0 - 0 - 1 -100%
3,000-4,999 Small Panamax 0 - 0 - 0 -
5,000-7,999 Large Panamax 0 - 0 - 0 -
8,000-10,000 Post Panamax 0 - 0 - 1 -100%
>10,000 Post Panamax 0 - 0 - 0 -
TOTAL 2 1,800 0 - 4 -50%
February 2015 Previous Month Previous Year
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 5 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING MARKET -Overview of Ordering Activity
Top Shipbuilding Countries
m-o-m y-o-y
26% -30%
-52% -81%
86% -61%26S. Korea 6614
Builder Country
73 58 104
February 2015 Previous Month February 2014
China
57Japan 11 23
China 73 New Orders 56%
Average Dwt Ordered: 42,820
Total Dwt Ordered: 1,113,325
Japan 11 New Orders 8%
Average Dwt Ordered: 108,751
Total Dwt Ordered: 543,753
S. Korea 26 New Orders 20%
Average Dwt Ordered: 147,252
Total Dwt Ordered: 1,914,272
share to the total Ordering Activity
share to the total Ordering Activity
share to the total Ordering Activity
China; 56%
Japan; 8%
Korea; 20%
Other; 16%
FEB 2015: ORDERING ACTIVITY PER BUILDER COUNTRY
BC; 42%
TNK; 8%
LNG; 3%
LPG; 18%
CONT; 15%
OTHER; 29%
FEB 2015: ORDERING ACTIVITY -CHINA
BC; 55%
TNK; 18%
OTHER; 27%
FEB 2015: ORDERING ACTIVITY -JAPAN
TNK; 81%
LNG; 8%
LPG; 4% CONT; 8%
FEB 2015: ORDERING ACTIVITY -S. KOREA
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 6 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING MARKET -Overview of Ordering Activity
Top Shipbuilding Countries Per Vessel Type (Overall)
Per Vessel Type
Units Average Dwt Ordered
Bulk Carriers 37 49,135 118% m-o-m -66% y-o-y
China 31 51,896 210% m-o-m -55% y-o-y
Japan 6 36,251 -14% m-o-m -74% y-o-y
Korea 0 - - m-o-m -100% y-o-y
Units Average Dwt Ordered
Tankers 29 173,432 142% m-o-m -52% y-o-y
China 6 107,360 0% m-o-m 100% y-o-y
Japan 2 217,500 - m-o-m -90% y-o-y
Korea 21 185,664 - m-o-m -38% y-o-y
Units Average Cbm Ordered
LNG Tankers 4 124,800 -69% m-o-m -75% y-o-y
China 2 20,400 -33% m-o-m 100% y-o-y
Japan 0 - -100% m-o-m -100% y-o-y
Korea 2 173,700 -71% m-o-m -33% y-o-y
Units Average Cbm Ordered
LPG Tankers 3 32,750 200% m-o-m -88% y-o-y
China 2 20,000 - m-o-m -71% y-o-y
Japan 0 - -100% m-o-m -100% y-o-y
Korea 1 38,000 - m-o-m -94% y-o-y
Units Average TEU Ordered
Containers 13 2,150 -54% m-o-m -7% y-o-y
China 11 2,267 38% m-o-m 267% y-o-y
Japan 0 - -100% m-o-m -100% y-o-y
Korea 2 1,800 -71% m-o-m -71% y-o-y
% change volume of activity
% change volume of activity
% change volume of activity
% change volume of activity
% change volume of activity
Overall
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 7 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING MARKET Top Shipbuilding Countries
Ordering Activity (No of Units Ordered, Dwt, TEU, Cbm)
China 56% share to the total Ordering Activity
Vessel Type Units Dwt TEU Cbm Units %m-o-m Units %y-o-y
Bulk Carriers 31 726,545 - - 10 210% 69 -55%
Tankers 6 322,080 - - 6 0% 3 100%
Gas Tankers-LNG 2 20,400 - 27,000 3 -33% 1 100%
Gas Tankers-LPG 2 20,000 - 27,500 0 - 7 -71%
General Cargo/MPP 0 - - - 3 -100% 8 -100%
Containers 11 - 6,800 - 8 38% 3 267%
Reefers 2 6,000 - - 0 - 0 -
Passenger/Cruise 0 - - - 0 - 0 -
Ro-Ro 0 - - - 0 - 0 -
Car Carrier 0 - - - 0 - 0 -
Combined 0 - - - 0 - 0 -
Special Projects 19 18,300 - - 28 -32% 13 46%
TOTAL 73 1,113,325 6,800 54,500 58 26% 104 -30%
Japan 8% share to the total Ordering Activity
Vessel Type Units Dwt TEU Cbm Units %m-o-m Units %y-o-yBulk Carriers 6 108,753 - - 7 -14% 23 -74%
Tankers 2 435,000 - - 0 - 20 -90%
Gas Tankers-LNG 0 - - - 2 -100% 2 -100%
Gas Tankers-LPG 0 - - - 1 -100% 2 -100%
General Cargo/MPP 0 - - - 0 - 4 -100%
Containers 0 - - - 13 -100% 1 -100%
Reefers 0 - - - 0 - 0 -
Passenger/Cruise 0 - - - 0 - 0 -
Ro-Ro 3 - - - 0 - 1 200%
Car Carrier 0 - - - 0 - 0 -
Combined 0 - - - 0 - 0 -
Special Projects 0 - - - 0 - 4 -100%
TOTAL 11 543,753 0 0 23 -52% 57 -81%
South Korea 20% share to the total Ordering Activity
Vessel Type Units Dwt TEU Cbm Units %m-o-m Units %y-o-y
Bulk Carriers 0 - - - 0 - 3 -100%
Tankers 21 1,670,972 - - 0 - 34 -38%
Gas Tankers-LNG 2 193,000 - 347,400 7 -71% 3 -33%
Gas Tankers-LPG 1 28,500 - 38,000 0 - 16 -94%
General Cargo/MPP 0 - - - 0 - 0 -
Containers 2 21,800 1,800 - 7 -71% 7 -71%
Reefers 0 - - - 0 - 0 -
Passenger/Cruise 0 - - - 0 - 2 -100%
Ro-Ro 0 - - - 0 - 0 -
Car Carrier 0 - - - 0 - 0 -
Combined 0 - - - 0 - 0 -
Special Projects 0 - - - 0 - 1 -100%
TOTAL 26 1,914,272 1,800 385,400 14 86% 66 -61%
Previous Month Previous Year
Previous Month Previous Year
Previous Month Previous Year
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 8 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING TRENDS
Top Shipbuilding Countries Ordering Activity
Per Vessel Size for Main Segments
Bulk Carriers
Per Vessel Size
Dwt Bulk Carriers Units China Japan Korea China Japan Korea China Japan Korea
10,000-29,999 Handy 0 0 0 0 0 1 0 - -100% -
30,000-39,000 Handysize 12 6 6 0 10 7 0 -40% -14% -
40,000-49,999 Handymax 5 5 0 0 0 0 0 - - -
50,000-59,999 Supramax 2 2 0 0 2 3 0 0% -100% -
60,000-67,000 Ultramax 6 6 0 0 35 4 0 -83% -100% -
70,000-78,999 Panamax 0 0 0 0 2 3 0 -100% -100% -
79,000-87,000 Kamsarmax 9 9 0 0 10 4 0 -10% -100% -
90,000-99,999 Post Panamax 0 0 0 0 0 0 0 - - -
100,000-119,999 Min Cape 0 0 0 0 0 0 0 - - -
120,000-219,999 Capesize 0 0 0 0 9 1 1 -100% -100% -100%
>=220,000 VLOC 0 0 0 0 1 0 2 -100% - -100%
TOTAL 34 28 6 0 69 23 3 -59% -74% -100%
Per Vessel Size
Dwt Bulk Carriers Units China Japan Korea China Japan Korea China Japan Korea
10,000-29,999 Handy 0 0 0 0 0 0 0 - - -
30,000-39,000 Handysize 4 4 0 0 0 0 0 - - -
40,000-49,999 Handymax 0 0 0 0 0 0 0 - - -
50,000-59,999 Supramax 0 0 0 0 0 0 0 - - -
60,000-67,000 Ultramax 0 0 0 0 4 0 0 -100% - -
70,000-78,999 Panamax 0 0 0 0 0 0 0 - - -
79,000-87,000 Kamsarmax 5 5 0 0 0 1 0 - -100% -
90,000-99,999 Post Panamax 0 0 0 0 0 0 0 - - -
100,000-119,999 Min Cape 0 0 0 0 0 0 0 - - -
120,000-219,999 Capesize 0 0 0 0 7 1 0 -100% -100% -
>=220,000 VLOC 0 0 0 0 0 0 0 - - -
TOTAL 9 9 0 0 11 2 0 -18% -100% -
GREEK PRESENCE
February 2015-New Orders Previous Year %y-o-y
February 2015-New Orders Previous Year %y-o-y
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 9 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING TRENDS
Top Shipbuilding Countries Ordering Activity
Per Vessel Size for Main Segments
Tankers
Per Vessel Size
Dwt Tankers Units China Japan Korea China Japan Korea China Japan Korea
less than 10,000 Small 2 2 0 0 0 0 0 - - -
10,000-34,999 Handy 0 0 0 0 0 11 0 - -100% -
35,000-54,999 MR/Handymax 0 0 0 0 0 2 14 - -100% -100%
55,000-79,999 LR1-Panamax 4 0 0 4 0 0 9 - - -56%
80,000-119,999 LR2-Aframax 3 0 1 2 0 7 2 - -86% 0%
120,000-160,000 Suezmax 7 0 0 7 0 0 0 - - -
161,000-320,000 VLCC 13 4 1 8 3 0 9 33% - -11%
TOTAL 29 6 2 21 3 20 34 100% -90% -38%
Per Vessel Size
Dwt Tankers Units China Japan Korea China Japan Korea China Japan Korea
less than 10,000 Small 0 0 0 0 0 0 0 - - -
10,000-34,999 Handy 0 0 0 0 0 0 0 - - -
35,000-54,999 MR/Handymax 0 0 0 0 0 0 4 - - -100%
55,000-79,999 LR1-Panamax 0 0 0 0 0 0 0 - - -
80,000-119,999 LR2-Aframax 1 0 1 0 0 2 2 - -50% -100%
120,000-160,000 Suezmax 2 0 0 2 0 0 0 - - -
161,000-320,000 VLCC 4 0 0 4 0 0 2 - - 100%
TOTAL 7 0 1 6 0 2 8 - -50% -25%
February 2015-New Orders Previous Year %y-o-y
GREEK PRESENCE
February 2015-New Orders Previous Year %y-o-y
LNG Tankers
Per Vessel Size
LNG Tankers Units China Japan Korea China Japan Korea China Japan Korea
Small 0 0 0 0 0 0 0 - - -
Medium 2 2 0 0 0 0 0 - - -
Very Large 2 0 0 2 0 2 2 - -100% 0%
TOTAL 4 2 0 2 0 2 2 - -100% 0%
Per Vessel Size
LNG Tankers Units China Japan Korea China Japan Korea China Japan Korea
Small 0 0 0 0 0 0 0 - - -
Very Large 0 0 0 0 0 0 2 - - -100%
TOTAL 0 0 0 0 0 0 2 - - -100%
GREEK PRESENCE
February 2015-New Orders Previous Year %y-o-y
February 2015-New Orders Previous Year %y-o-y
GOLDEN DESTINY established since 1994
SALE& PURRCHASE-MARINE INSURANCE-SHIP VALUATIONS-MARKET RESEARCH FEBRUARY 2015
Page 10 MONTHLY NEWBUILDING MARKET REPORT
NEWBUILDING TRENDS
Top Shipbuilding Countries Ordering Activity
Per Vessel Size for Main Segments
LPG Tankers
Per Vessel Size
Cbm LPG Tankers Units China Japan Korea China Japan Korea China Japan Korea
1,000-11,999 Small 0 0 0 0 0 2 0 - -100% -
12,000-19,999 Handy 0 0 0 0 0 0 0 - - -
20,000-49,999 Medium-MGC 3 2 0 1 0 0 0 - - -
50,000-69,999 Large-LGC 0 0 0 0 0 0 0 - - -
>=70,000 Very Lagre-VLGC 0 0 0 0 7 0 16 -100% - -100%
TOTAL 3 2 0 1 7 2 16 -71% -100% -94%
Per Vessel Size
Cbm LPG Tankers Units China Japan Korea China Japan Korea China Japan Korea
1,000-11,999 Small 0 0 0 0 0 1 0 - -100% -
12,000-19,999 Handy 0 0 0 0 0 0 0 - - -
20,000-49,999 Medium-MGC 0 0 0 0 0 0 0 - - -
50,000-69,999 Large-LGC 0 0 0 0 0 0 0 - - -
>=70,000 Very Lagre-VLGC 0 0 0 0 0 0 5 - - -100%
TOTAL 0 0 0 0 0 1 5 - -100% -100%
GREEK PRESENCE
February 2015-New Orders Previous Year %y-o-y
February 2015-New Orders Previous Year %y-o-y
Containers
Per Vessel Size
TEU Containers Units China Japan Korea China Japan Korea China Japan Korea
0-999 Feeder / Feedermax 0 0 0 0 0 1 0 - -100% -
1,000-1,999 Handy 6 4 0 2 2 0 1 100% - 100%
2,000-2,999 Sub-Panamax 0 0 0 0 1 0 0 -100% - -
3,000-4,999 Small Panamax 7 7 0 0 0 0 0 - - -
5,000-7,999 Large Panamax 0 0 0 0 0 0 0 - - -
8,000-10,000 Post Panamax 0 0 0 0 0 0 6 - - -100%
>10,000 Post Panamax 0 0 0 0 0 0 0 - - -
TOTAL 13 11 0 2 3 1 7 267% -100% -71%
Per Vessel Size
TEU Containers Units China Japan Korea China Japan Korea China Japan Korea0-999 Feeder / Feedermax 0 0 0 0 0 0 0 - - -
1,000-1,999 Handy 2 0 0 2 2 0 0 -100% - -
2,000-2,999 Sub-Panamax 0 0 0 0 1 0 0 -100% - -
3,000-4,999 Small Panamax 0 0 0 0 0 0 0 - - -
5,000-7,999 Large Panamax 0 0 0 0 0 0 0 - - -
8,000-10,000 Post Panamax 0 0 0 0 0 0 0 - - -
>10,000 Post Panamax 0 0 0 0 0 0 0 - - -
TOTAL 2 0 0 2 3 0 0 -100% - -
February 2015-New Orders Previous Year %y-o-y
GREEK PRESENCE
February 2015-New Orders Previous Year %y-o-y