Transcript Ocean Chemical Tankers

Recent developments in Chemical Carrier fleets
Charles Barton
Associate Consultant to Drewry Shipping
September 2005
Recent developments in Chemical Carrier fleets
Existing fleets
Concentrate on Majors (7) with Deep Sea Services
- Stainless Steel and Coated ships and CoA’s
requiring regular services
Add 3 Asian Fleets that are growing and have
potential to become Deep Sea Majors
2
Recent developments in Chemical Carrier fleets
Major’s current fleets
Operator
DWT
Ships
Avg DWT
IMO 1 & 2
% SUS
Avg Age
Odfjell ASA
2,445,527
93
26296
81%
55%
14
Stolt-Nielsen
2,205,250
90
24503
76%
59%
13
Tokyo Marine
785,696
49
16035
79%
70%
9
Jo Tankers
784,417
30
26147
83%
78%
13
Iino/Fairfield(A
CC)
704,208
32
22007
97%
97%
4
MISC
377,899
13
29069
79%
22%
10
Chembulk
390,720
17
22984
89%
85%
5
324
23746
82%
64%
11
Total Existing
7,693,717
3
Recent developments in Chemical Carrier fleets
Asian chemical fleets
Operator
DWT
Ships
Avg DWT
IMO 1 & 2
% SUS
Avg Age
Berlian Laju
211,367
23
9190
87%
72%
6
Koyo Kaiun
136,668
15
9111
96%
96%
4
Stolt-Nielsen
134,426
13
10340
93%
93%
9
Ofjell ASA
133,713
14
9551
100%
100%
4
Tokyo Marine
122,194
15
8146
95%
95%
6
Tatsumi
112,517
12
9376
96%
96%
8
Total Existing
850,885
92
9249
94%
90%
6
4
Recent developments in Chemical Carrier fleets
Other candidates
Dorval 18 ships - 2 recently sold
Serromah (Daitoh) 8 ships
Clipper Wonsild 22 ships
Eitzen 12 ships
Finaval 7 ships some not really chemical carriers
Marnavi 13 ships
5
Recent developments in Chemical Carrier fleets
Major’s new buildings
Operator
DWT
Ships
Avg DWT
IMO 1 & 2
% SUS
Increase 05
Odfjell ASA
845,899
26
32535
100%
58%
35%
Stolt-Nielsen
472,300
14
33736
100%
55%
21%
Tokyo Marine
313,197
16
19575
100%
100%
40%
0
0
0
0%
0%
0
179,220
7
25603
100%
100%
25%
0
0
0
0%
0%
0
137,000
5
27400
100%
100%
35%
68
28641
100%
71%
26%
Jo Tankers
Iino/Fairfield(A
CC)
MISC
Chembulk
Total Existing
1,947,616
6
Recent developments in Chemical Carrier fleets
Asian new buildings
Operator
Ships
Avg DWT
IMO 1 & 2
% SUS
Increase 05
79,600
4
19900
100%
100%
38%
8.750
1
8750
100%
100%
6%
Stolt-Nielsen
0
0
0
0%
0%
0
Odfjell ASA
0
0
0
0%
0%
0
Tokyo Marine
26,700
3
8900
100%
100%
22%
Tatsumi
37,300
3
12433
100%
100%
33%
11
13850
100%
100%
18%6
Berlian Laju
Koyo Kaiun
Total Existing
DWT
152,350
7
Recent developments in Chemical Carrier fleets
Other candidates new buildings
Dorval 3 ships - Avg 20,800 dwt 100% sus
Clipper Wonsild 17 ships - sus or M.L.
Eitzen 18 ships – 1 sus balance coated
Finaval no new buildings
Marnavi 1 ship (maybe 2)
Serromah (Daitoh) 3 ships fully sus
8
Recent developments in Chemical Carrier fleets
Major’s single side ships
Operator
DWT
Ships
Avg DWT
IMO 1 & 2
% SUS
Decrease 05
Odfjell
729,669
26
28064
55%
35%
30%
Stolt-Nielsen
839,512
31
27081
59%
21%
38%
Tokyo Marine
242,994
14
17357
44%
22%
31%
Jo Tankers
341,841
13
26295
62%
62%
44%
16,970
1
16970
0%
0%
2%
123,745
5
24749
49%
11%
33%
0
0
0
0%
0%
0
90
25497
56%
31%
30%
Iino/Fairfield(AC
C)
MISC
Chembulk
Total Existing
2,294,731
9
Recent developments in Chemical Carrier fleets
Asian single side
Operator
Ships
Avg DWT
IMO 1 & 2
% SUS
Decrease 05
13,944
1
13944
67%
67%
7%
0
0
0
0%
0%
0
27,849
3
9283
68%
68%
21%
0
0
0
0%
0%
0
Tokyo Marine
12,939
2
6470
56%
56%
11%
Tatsumi
16,773
2
8387
73%
73%
15%
Total Existing
71,505
8
8938
67%
67%
8%
Berlian Laju
Koyo Kaiun
Stolt-Nielsen
Odfjell ASA
DWT
10
Recent developments in Chemical Carrier fleets
Other candidates single side
Dorval 2 ships - Average 9,915 dwt
Clipper Wonsild 6 ships
Eitzen 6 ships
Finaval 0 ships
Marnavi 0 ships
Serromah (Daitoh) 0 ships
11
Recent developments in Chemical Carrier fleets
Major’s 2010 status
Operator
DWT
Ships
Avg DWT
IMO 1 & 2
% SUS
Average 2010
Odfjell
2,561,757
93
27546
96%
62%
11 yrs.
Stolt-Nielsen
1,838,038
73
25179
90%
76%
11 yrs.
Tokyo Marine
855,899
51
16782
100%
100%
7 yrs.
Jo Tankers
442,576
17
26034
100%
92%
11 yrs.
Iino/Fairfield(A
CC)
866,458
38
22802
100%
100%
7 yrs.
MISC
254,154
8
31769
94%
28%
12 yrs.
Chembulk
527,720
22
23987
92%
89%
8 yrs.
302
24327
95%
77%
10 yrs.
Total Existing
7,346,602
12
Recent developments in Chemical Carrier fleets
Asian fleets 2010 status
Operator
DWT
Ships
Avg DWT
IMO 1 & 2
% SUS
Avg 2010
Berlian Laju
277,023
26
10655
92%
80%
10
Koyo Kaiun
145,418
16
9089
96%
96%
9
Stolt-Nielsen
106,577
10
10658
100%
100%
11
Odfjell ASA
133,713
14
9551
100%
100%
9
Tokyo Marine
135,955
16
8497
100%
100%
8
Tatsumi
133,044
13
10234
100%
100%
9
Total Existing
931,730
95
9808
97%
93%
9
13
Recent developments in Chemical Carrier fleets
Chem-Tankers CV fleet 2005 status
Operator
Aksay Shipping &
Trading
DWT
107,801
Eurochem
Maritime
90,005
Total Existing
197,806
Ships
Avg DWT
IMO 1 & 2
% SUS
Avg 2005
10
10780
63%
49%
13
8
11251
100%
96%
7
18
10989
79%
70%
10
14
Recent developments in Chemical Carrier fleets
2004 US East Coast and Gulf to Far East
Operator
DWT
Sailings
Tons carried in 2004
Market Share
Odfjell
1,926,560
40
1,502,033
23.29%
Stolt-Nielsen
1,430,559
42
995,423
15.43%
Jo Tankers
818,310
30
603,089
9.35%
Aurora
1,080,332
21
901,584
13.98%
775,750
22
616,559
9.56%
1,452,499
20
965,428
14.97%
Chembulk
449,077
12
374,448
5.81%
Dorval
269,139
12
137,606
2.13%
Others
454,746
6
353,229
5.48%
TOTAL
8,656,972
Formosa Plastics
Blystad
205
6,449,399
100.00%
15