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SHIPPING ACADEMIC CONFERENCES 2012. Shipping Markets A Time of Opportunity. Nigel Bell Managing Director Bell Shipping Ltd., UK. OECD Growth / Dry Trade Growth. Source: Clarkson Research Services. Bulk Spot Earning ($/Day). Source: Clarkson Research Services.
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SHIPPING ACADEMIC CONFERENCES2012 Shipping Markets A Time of Opportunity Nigel Bell Managing Director Bell Shipping Ltd., UK
OECD Growth / Dry Trade Growth Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Bulk Spot Earning ($/Day) Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Capesize and Panamax values over the last 15 years 5 year old Capesize and Panamax Values 1 January 2003 to 20th November 2012: Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Capesize Fleet Trends Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Panamax Fleet Trends Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Handy/Handymax Fleet Trends Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Demolition Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Dry Bulk Market Summary • Over-ordering will hold back recovery • Panamax will become out dated • Only 5% of panamaxes transit the Panama Canal • 2 markets for Panamax – Atlantic and Pacific • Post-panamax & minicape will replace Panamax Panamax draft vs. Post-Panamax / Minicape draft 75,000 on 13.9mtrs vs. 106,000 on 13.5mtrs • Low Newbuilding costs: 2010 2012 Capesize $57.0m $46.5m Panamax $34.5m $26.5m Handymax $31.0m $24.5m Handysize $26.5m $21.5m Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012 Source: Clarkson Research Services
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012 Source: Clarkson Research Services
Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” – November 2012
Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012 Source: Clarkson Research Services
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012 Source: Clarkson Research Services
Source: Clarkson Research Services Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Tanker Market Summary • No New Oil Refineries planned in USA or Europe • Virtually all New Oil Refineries are in Asia, India and China • Reduction in Crude Oil Demand in USA and Europe • Petroleum Product will move from Asia to USA and Europe – Likely Size “LR2 / Coated Aframax” • Reduction in Demand for VLCC • QUESTION: Shale Oil / Shale Gas Development in USA likely to make USA – Net Exporter of Energy ?? Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012
Acknowledgement and Special Thanks to the following Organisations for contributing information and statistical data: • Clarkson Research Services • Baltic Exchange • Drewry Shipping Consultants www.bellshipping.com Shipping Academic Conferences “Shipping Markets & Ship Operations” - November 2012