Page 1 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
The Alphaliner Monthly Monitor contains essential liner market information and is updated on a monthly basis with the most recent data. Information is given in good faith but without guarantee. Please send your feedback, comments and questions to [email protected]
ALPHALINER Monthly Monitor January 2012 Web: www.alphaliner.com | E-mail: [email protected] | Sales Agent: [email protected]
C O N T E N T S Cellular Fleet as at 1 Jan 2012..………………. 1 Capacity vs Throughput Growth…………….. 1 Charter Rate Trend………………………………… 1 Rate Indices……………………………………………. 1 Cellular Fleet Breakdown……………………….. 2 Orderbook Breakdown…………………………… 2 Cellular Fleet Age Breakdown………………… 3 Fleet Profile by Size Range……………………… 3 Overaged Fleet Profile……………………………. 3 Newbuilding Delivery Projec ons………….. 4 Cellular Fleet Projec ons……………………….. 4 Dele ons……………………………………………….. 5 Demoli on Prices…………………………………... 5 World Fleet/Average vessel size…………….. 5 Deliveries by Quarter/Month…..…………….. 6 Recent Deliveries…………………………………… 6 Deliveries (Last 12 months)……………………. 6 Cellular Orderbook ……………………………….. 7 Orderbook‐to‐Fleet Ra o………………………. 7 Orders Placed by Quarter………………………. 7 Recent Orders………………………………………... 7 Orderbook by Shipyard…………….……………. 8 VLCS Watch……………………………………………. 9 VLCS Deployment by Carrier………………….. 9 VLCS Fleet by Year of Delivery……………….. 9 VLCS Deliveries by Shipyard…………………... 9 Charter Rates………………………………...………. 10 Recent Fixtures………………………………………. 10 Sales & Purchase……………………………………. 11 Demoli ons…………………………………………... 11 Top 25 Carriers………………………………………. 12 Main Carriers NB Delivery Schedule……….. 13 Top 25 Non‐Opera ng Owners ……………... 14 East‐West Trade Deployment………………... 15 East‐West Capacity Watch…………………….. 15 Trade Capacity by Carrier………………………. 16 Trade Demand/U lisa on……….…………….. 17 Carrier Capacity by Trade………………………. 18 Global Capacity Deployment………………….. 19 Idle Capacity Tracker……………………………... 20 Container Freight Watch……………………….. 21 Container Freight Forward Rates……………. 22 Bunker Watch………………………………………... 23 Top 25 Ports…………………………………………... 24 China Ports Watch…………………………………. 24 Global Port Throughput…………………………. 25 Trade Summary: FE‐US East Coast............ 26
No. of ac ve liner ships 5,992 Total capacity (teu) 15.90 Mteu % increase from 1 Jan 2011 7.3%
Cellular Fleet as at 1 January 2012
Market Monitor
Size Dec‐11 $/day
Nov‐11 $/day
Change % Trend
4,000 teu 8,000 8,000 0%
2,500 teu 7,900 8,050 ‐2%
1,700 teu 7,500 8,000 ‐6% 1,000 teu 5,250 5,900 ‐11% 500 teu 4,700 5,000 ‐6% Note : Rates based on 6‐12 month fixtures
Alphaliner Charter Rate Index and Freight Rate Index
Cellular Fleet Growth vs Global Throughput
No. of cellular ships 4,938 Total capacity (cellular teu) 15.41 Mteu % increase from 1 Jan 2011 7.9% Of which chartered 52.0% Cellular fleet as % of liner total 96.9% % of cellular fleet idle 3.9% Orderbook 4.31 Mteu Orderbook as % of current fleet 28.0% Deliveries Jan‐Dec 2011 1.23 Mteu/187 units Dele ons Jan‐Dec 2011 105.501 teu/90 units New Orders Jan‐Dec 2011 1.77 Mteu/239 units
Charter Rate Trend New
New
400
600
800
1,000
1,200
1,400
0
50
100
150
200
250
China Co
ntaine
rised
Freight In
dex
(Jan
199
8 = 1,00
0)
Alph
aliner Cha
rter Rate Inde
x
(Jan
200
0 = 10
0)
Alphaliner Charter IndexCCFI
9.3%
12.3%
10.2%
8.9%
9.7%
12.8%
16.0%
13.9%
13.2%
5.5%
9.2%
7.9%
8.3%
11.0%
13.0%
5.0%
12.5%
13.4%
13.8%
10.3%
10.8%
12.5%
5.8%
‐8.6%
14.0%
7.7%
6.5%
7.5%
0
2
4
6
8
10
12
14
16
18
20
TEU
Millions
Fleet Capacity Forecast 2012‐2013% Annual Capacity Growth % Global Throughput Growth
New
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ALPHALINER Monthly Monitor January 2012
Cellular Fleet Breakdown As at 1 January 2012
Cellular Orderbook Fleet Breakdown As at 1 January 2012
Note : The chartered fleet counts only ships chartered out by non-operating owners to operators. It excludes 110 ships for 383,056 teu which are owned by owner-operators but are chartered out to another operator, either for operational reasons (vessel exchange within alliance/partnerships) or are surplus to their owners’ require-ments.
Size Range All cellular ships Of which chartered TEU No. TEU No. TEU % Chrt Above 10,000 118 1,485,640 45 580,082 39.0% 7,500‐9,999 290 2,495,320 111 944,795 37.9% 5,100‐7,499 463 2,840,841 197 1,207,095 42.5% 4,000‐5,099 701 3,167,294 387 1,742,004 55.0% 3,000‐3,999 322 1,098,896 176 605,599 55.1% 2,000‐2,999 715 1,818,340 534 1,361,561 74.9% 1,500‐1,999 594 1,007,885 383 649,062 64.4% 1,000‐1,499 700 824,027 439 517,157 62.8% 500‐999 797 591,447 510 385,669 65.2% 100‐499 238 77,439 64 21,582 27.9% TOTAL 4,938 15,407,129 2,846 8,014,606 52.0%
> 10,000 10%
7,500‐9,999 16%
5,100‐7,499 18%
4,000‐5,099 21%
3,000‐3,999 7%
2,000‐2,999 12%
1,500‐1,999 7%
1,000‐1,499 5%
100‐999 4%
Fleet Capacity Breakdown by TEU size range
Size Range All cellular ships Of which chartered Orderbook/ Exis ng % TEU No. TEU No. TEU % Chrt
Above 10,000 156 2,097,450 37 477,588 22.8% 141.2%
7,500‐9,999 111 984,465 30 266,725 27.1% 39.5% 5,100‐7,499 47 302,788 34 214,920 71.0% 10.7%
4,000‐5,099 113 516,629 52 246,205 47.7% 16.3% 3,000‐3,999 48 172,876 37 132,786 76.8% 15.7%
2,000‐2,999 36 92,576 19 48,600 52.5% 5.1% 1,500‐1,999 43 75,288 30 52,004 69.1% 7.5% 1,000‐1,499 50 54,528 21 23,747 43.6% 6.6%
500‐999 16 13,541 13 11,185 82.6% 2.3% 100‐499 1 260 1 260 TOTAL 621 4,310,401 274 1,474,020 34.2% 28.0%
> 10,000 49%
7,500‐9,999 23%
5,100‐7,499 7%
4,000‐5,099 12%
3,000‐3,999 4%
2,000‐2,999 2%
<1,999 3%
Orderbook Capacity Breakdown by TEU size range
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ALPHALINER Monthly Monitor January 2012
Cellular Fleet Age Breakdown Cellular Fleet Profile by size range
0.00 0.50 1.00 1.50
12345678910111213141516171819202122232425262728293031
32‐37>37
Age in years
TEU Millions
2.3% 3.1% 8.9%
15.7%
27.1%
42.9%
Age Profile Above 25 years20‐24 years15‐19 years10‐14 years5‐9 yearsBelow 5 years
Average Age of Cellular Fleet : Gross ‐ 10.8 years TEU Weighted ‐ 7.3 years
88
79
65
40 28
23
42
54 41 40
27 43 31
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
TEU
Age in years
Units4,000‐5,100 teu3,000‐4,000 teu2,000‐3,000 teu1,000‐2,000 teu<1,000 teu
Total fleet above 20 years : 601 units/995,224 teu (6.5% of current fleet capacity)
Overaged Cellular Fleet Profile (Built 1992 or earlier)
Built Age Units TEU Pre‐1976 >37 26 20,184 1976‐1980 32‐37 38 25,352
1981 31 10 9,701 1982 30 27 30,945 1983 29 40 53,562 1984 28 41 64,275 1985 27 54 60,207 1986 26 42 85,796 1987 25 23 43,756 1988 24 28 76,532 1989 23 40 91,184 1990 22 65 121,351 1991 21 79 145,443 1992 20 88 166,936 1993 19 103 194,856 1994 18 146 273,180 1995 17 173 335,463 1996 16 204 400,142 1997 15 248 534,575 1998 14 247 521,906 1999 13 129 273,576 2000 12 151 439,240 2001 11 191 650,984 2002 10 202 649,943 2003 9 180 579,251 2004 8 175 646,849 2005 7 263 943,297 2006 6 358 1,357,710 2007 5 402 1,363,967 2008 4 449 1,570,267 2009 3 269 1,066,316 2010 2 260 1,381,254 2011 1 187 1,229,129
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1995
1994
1993
1992
1991
1990
1989
1988
1987
1986
Pre‐19
86
TEU
Millions
Year Built
Size Range (TEU) >10,000 teu7,500‐10,000 teu5,100‐7,500 teu4,000‐5,100 teu3,000‐4,000 teu2,000‐3,000 teu1,000‐2,000 teu<1,000 teu
ALPHALINER
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ALPHALINER Monthly Monitor January 2012
Newbuilding Delivery Projec ons ‐ Cellular Fleet
Cellular Fleet Projec ons
Projec ons based on orderbook as at 1 January 2012. Adjusted fleet includes forecast scrapping and expected delivery slippage.
2011 Deliveries 2012 Deliveries 2013 Deliveries 2014 Deliveries 2015 Deliveries
Nominal TEU No. TEU No. TEU No. TEU No. TEU No. TEU 10,000‐18,000 47 598,042 55 712,078 57 755,256 33 456,116 11 174,000 7,500‐9,999 26 226,869 26 224,487 55 489,654 27 243,924 3 26,400 5,100‐7,499 32 209,907 22 137,252 19 125,936 6 39,600 0 0 4,000‐5,099 21 93,594 49 220,439 62 286,590 2 9,600 0 0 3,000‐3,999 4 13,308 20 71,451 27 98,333 0 0 0 0 2,000‐2,999 12 32,113 8 20,700 27 69,068 1 2,808 0 0 1,500‐1,999 13 23,164 14 24,990 29 50,298 0 0 0 0 1,000‐1,499 21 24,109 45 49,279 5 5,249 0 0 0 0 500‐999 9 7,503 14 11,791 2 1,750 0 0 0 0 100‐499 2 520 0 0 0 0 0 0 0 0 Total 187 1,229,129 253 1,472,467 283 1,882,134 69 752,048 14 200,400 Slippage (Net) ‐25 ‐80,000 20 60,000 5 20,000 Adjusted total 196 1,249,219 228 1,392,467 303 1,942,134 74 772,048
Fleet as at : 31 Dec 2011 31 Dec 2012 31 Dec 2013 31 Dec 2014 31 Dec 2015 Nominal TEU No. TEU No. TEU No. TEU No. TEU No. TEU 10,000‐18,000 118 1,485,640 173 2,197,718 230 2,952,974 263 3,409,090 274 3,583,090 7,500‐9,999 290 2,495,320 316 2,725,007 371 3,214,661 398 3,458,585 401 3,484,985 5,100‐7,499 463 2,840,841 485 2,978,093 504 3,104,029 510 3,143,629 510 3,143,629 4,000‐5,099 701 3,167,294 750 3,387,733 812 3,674,323 814 3,683,923 814 3,683,923 3,000‐3,999 322 1,098,896 342 1,170,347 369 1,268,680 369 1,268,680 369 1,268,680 2,000‐2,999 715 1,818,340 723 1,839,040 750 1,908,108 751 1,910,916 751 1,910,916 1,500‐1,999 594 1,007,885 608 1,032,875 637 1,083,173 637 1,083,173 637 1,083,173 1,000‐1,499 700 824,027 745 873,306 750 878,555 750 878,555 750 878,555 500‐999 797 591,447 811 603,238 813 604,988 813 604,988 813 604,988 100‐499 238 77,439 238 77,439 238 77,439 238 77,439 238 77,439 Total 4,938 15,407,129 5,191 16,884,796 5,474 18,766,930 5,543 19,518,978 5,557 19,719,378 Adjusted Total 4,938 15,407,129 5,116 16,685,378 5,369 18,527,512 5,393 19,199,560 5,357 19,299,960 Annual Growth 7.9% 8.3% 11.0% 3.6% 0.5%
9%
7%
7%
7%
28%
9%
20%
20%
1%
33%
36%
25%
33%
38%
13%
29%
49%
48%
40%
61%
87%
0.00 0.50 1.00 1.50
2010
2011
2012(f)
2013(f)
2014(f)
2015(f)
Delivery Breakdown by Size Range in TEU Millions
Year of D
elivery
< 3,000 teu 3,000‐5,099 teu 5,100‐9,999 teu ≥ 10,000 teu
0 5 10 15 20
end 2015
end 2014
end 2013
end 2012
end 2011
end 2010
TEU Millions
Cellular Fleet Projections
< 3,000 teu 3,000‐5,099 teu 5,100‐9,999 teu ≥ 10,000 teu
16%
29% 30%
10% 28% 28%
13% 27% 26%
24% 26%
6%
23% 25% 17%
34%
34%
34%
34%
34%
34% 18% 25% 23%
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ALPHALINER Monthly Monitor January 2012
Dele ons
World Fleet / Average Vessel Size
Of which scrapped Year Units TEU Units TEU Ave. TEU Ave. Age 2000 25 20,961 22 18,967 862 27
2001 27 38,962 23 30,538 1,328 27
2002 65 79,551 63 74,994 1,190 26
2003 33 32,070 31 31,422 1,014 29
2004 7 3,277 7 3,106 444 29 2005 6 3,549 1 308 308 30 2006 18 28,264 17 26,497 1,559 30
2007 33 32,106 23 21,770 947 30
2008 93 125,155 63 103,315 1,640 30 2009 207 381,169 204 378,656 1,856 27 2010 135 183,799 94 145,317 1,546 28
2011 94 107,181 71 85,127 1,199 29
Deleted during year
Demoli on Prices (Subcon nent $/ldt)
Other dele ons includes cellular ships lost at sea / converted to non‐container or military use
24
25
26
27
28
29
30
31
32
0
50,000
100,000
150,000
200,000
250,000
300,000
350,000
400,000
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Average
Age
TEU
Other DeletionsScrappedAverage Age (Scrapped Units)
2,606
2,732
2,897
3,034
3,182
3,351
3,607
3,947 4,316
4,666
4,726
4,849
4,938
5,116
5,369
1,745
1,819
1,927
2,027
2,105
2,193
2,298
2,437
2,538
2,656
2,767
2,944
3,120
3,261
3,451
0
1,000
2,000
3,000
4,000
5,000
6,000No. of shipsAverage Ship Size (teu)
Fleet as at 1 Jan of each year
0
100
200
300
400
500
600
700
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ALPHALINER Monthly Monitor January 2012
Deliveries by Quarter Deliveries in December 2011 (Cellular Ships Only)
Deliveries by Month
Deliveries by Quarter
0
100
200
300
400
500
600
2004
‐ Q 1
Q 2
Q 3
Q 4
2005
‐ Q 1
Q 2
Q 3
Q 4
2006
‐ Q 1
Q 2
Q 3
Q 4
2007
‐ Q 1
Q 2
Q 3
Q 4
2008
‐ Q 1
Q 2
Q 3
Q 4
2009
‐ Q 1
Q 2
Q 3
Q 4
2010
‐ Q 1
Q 2
Q 3
Q 4
2011
‐ Q 1
Q 2
Q 3
Q 4
2012
‐ Q 1
Q 2
Q 3
Q 4
2013
‐ Q 1
Q 2
Q 3
Q 4
2014
‐ Q 1
Q 2
Q 3
Q 4
TEU Tho
usan
ds Deliveries by Quarter Forecast
37
39
44 42
34
40
47
27
37
43
30
28
28
23
26
28
22
24
15 20
21
20
23
19
29
13
27
26
33
29
34
21
17
20
2 10
16
6
15
33
23
20
12 13
8 15
10
16
0
50,000
100,000
150,000
200,000
250,000
2008
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov Dec
2009
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov Dec
2010
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov Dec
2011
Jan
Feb
Mar Apr
May Jun Jul
Aug
Sep
Oct
Nov Dec
2012
Jan
Feb
Mar Apr
May Jun
TEU
TEU deliveredTo be delivered (* Forecasts)Units delivered
Name Teu Operator Managing owner Shipyard CSCL SATURN 14,074 CSCL CSCL Star Shipping Samsung MSC CLORINDA 14,000 MSC MSC Daewoo (DSME) MSC TRIESTE 13,050 MSC Claus‐Peter Offen Daewoo (DSME) APL CHONGQING 10,070 APL NOL Hyundai H.I (HHI) APL GWANGYANG 10,070 APL NOL Hyundai H.I (HHI) CMA CGM SAMSON 8,465 CMA CGM Danaos Shipping Jiangnan Changxing TORRENTE 8,004 Maersk Line CSAV Samsung MAERSK LEBU 7,450 Maersk Line A.P. Möller‐Maersk Daewoo (DSME) KOTA CARUM 6,606 PIL PIL Dalian Shipyard BELLA SCHULTE 4,250 Maersk Line Thomas Schulte Jiangsu New Yangzijiang BODO SCHULTE 4,250 Maersk Line Thomas Schulte Jiangsu New Yangzijiang WAN HAI 272 1,805 Wan Hai Lines Wan Hai Lines China SB (CSBC) WES GESA 1,036 Wessels Reederei Jiang Dong Shipyard SITC KWANGYANG 953 SITC SITC Dae Sun JOHANNA SCHEPERS 809 HS Schiffahrts Damen Yichang NASICO SKY 260 Nasico Nasico Nam Trieu
0 5 10 15 20 25 30 35
Hyundai H.I. (HHI)Samsung
Daewoo (DSME)Hyundai Samho H.I.
Guangzhou WenchongChina SB (CSBC)
MitsubishiSainty Shipyard (STIG)
Jiangsu YangzijiangJiangnan Changxing
Daewoo (DMHI)Dalian Shipyard
Wujiazhui ShipyardSTX Shipyard
HanjinNaikai Zosen
Jiang Dong ShipyardHudong Zhonghua
EISASedef Gemi
Others
New containerships delivered by yard : Jan‐Dec 2011 (No. of units)
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ALPHALINER Monthly Monitor January 2012
Cellular Orderbook as at 1 January 2012 Cellular Orders Placed by Quarter
Orderbook Total for Charter Market % No. of ships 621 274 44.1% Total Capacity (teu) 4,310,401 1,474,020 34.2% As % of exis ng fleet 28.0% 18.4%
Date Owner Shipyard Size (TEU) Delivery Price
Sep 11 SITC Zhejiang Yangfan 2 x 1,100 2012 $18.1M ea
Aug 11 HMM Daewoo (DSME) 5 x 13,100 2014 $136M ea Aug 11 n.a. Rongsheng H.I. 2 x 6,588 2014 $69M ea
Aug 11 Container Carrier Corp Hyundai H.I. 1 x 5,023 2013 $53M Aug 11 Carsten Rehder Taizhou Ca c 1 x 3,800 2013 $45M Aug 11 Vilmaris Taizhou Ca c 1 x 3,800 2013 $45M Aug 11 Sinotrans Qingshan 2 x 1,800 2012 $25M ea
Aug 11 PIL Dalian 2 x 6,500 2013 $70M ea
Sep 11 Sea Consor um STX Dalian 2 x 2,000 2013 $30M ea Sep 11 Technomar Hyundai Samho 2 x 6,700 2013 $70M ea
Sep 11 Eimskip Rongcheng Shenfei 2 x 875 2013 $25M ea Sep 11 KMTC Dae Sun 1 x 1,043 2013 $20M
Oct 11 CSCL Hudong Zhounghua 4 x 10,000 2013 $94.3M ea Oct 11 CSCL Dalian Shipyard 4 x 10,000 2013 $94.3M ea
Nov 11 Zodiac Mari me STX Shipyard 2 x 16,000 2015 $155M ea Dec 11 Namsung Hyundai Mipo 3 x 1,850 2013 $30M ea
Nov 11 Log‐In Logis ca EISA 2 x 2,808 2013‐4 $50M ea (opt)
Orderbook‐to‐Fleet Development 2000‐2011
Recent Orders (Cellular ships only excluding unconverted op ons)
0%
10%
20%
30%
40%
50%
60%
70%
80%
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
16.0
Jan‐2000
Jan‐2001
Jan‐2002
Jan‐2003
Jan‐2004
Jan‐2005
Jan‐2006
Jan‐2007
Jan‐2008
Jan‐2009
Jan‐2010
Jan‐2011
Jan‐2012
Orderbo
ok‐to‐Fleet R
atio
Fleet a
nd Orderbo
ok in
TEU
Millions
Fleet Orderbook Orderbook‐to‐Fleet Ratio
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
TEU
Millions
Orders Deliveries by Quarter
ALPHALINER
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ALPHALINER Monthly Monitor January 2012
Cellular Containerships Orderbook by Shipyard (Top 20 Yards)
Actual deliveries by yard 2008‐2011 in Mteu Units Delivered Shipyard
Orderbook Orderbook by expected year of delivery in Mteu
2008 2009 2010 2011 TEU Units Ave. Size
7 19 33 19 Daewoo (DSME) 813,600 63 12,914
23 23 20 26 Samsung 642,016 59 10,882
45 31 28 33 HHI 547,983 56 9,785
12 10 11 19 Hyundai Samho H.I. 498,004 61 8,164
18 14 22 5 Jiangsu Yangzijiang 231,578 47 4,927
15 10 12 7 China SB (CSBC) 196,498 35 5,614
7 8 1 3 STX Shipyard 161,000 11 14,636
1 4 Sungdong Shipbuilding 127,800 19 6,726
4 11 4 Jiangnan Changxing 108,993 17 6,411
3 1 Nantong (NACKS) 106,800 8 13,350
2 1 1 2 Hudong Zhonghua 93,328 10 6,700
20 7 8 4 Dalian Shipyard 90,030 13 6,314
Shanghai Shipyard 72,560 18 4,064
Rongsheng H.I. 69,452 11 4,575
5 4 2 4 Daewoo (DMHI) 63,750 9 8,888
9 6 12 10 Guangzhou Wenchong 49,776 24 2,074
4 3 2 1 IHI 45,200 5 9,040
2 2 Zhejiang Ouhua 42,400 14 5,375
2 7 7 Hanjin‐Philippines 41,700 8 3,029
18 15 12 Imabari 34,750 5 6,950
0.000.200.400.600.801.00
2008 2009 2010 2011
0.00 0.20 0.40 0.60 0.80
2012 2013 2014 2015
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ALPHALINER Monthly Monitor January 2012
VLCS Watch Vessels above 7,500 teu only
VLCS Deployment by Carrier
No. of VLCS (Current) 408 Total VLCS TEU (Current) 3,980,960 TEU No. of VLCS (On order) 267
Total VLCS TEU (On order) 3,081,915 TEU
VLCS Deliveries by Shipyard Vessels above 7,500 teu only
VLCS Fleet by Year of Delivery Vessels above 7,500 teu only
109 90
52 45 43
23 10 9 8 5 4 4 4 2
39 56
59
27 5
2
10 15
11 8 7
2 11 7 4 4
0 20 40 60 80 100 120 140 160
Hyundai H.I. (HHI)Samsung
Daewoo (DSME)Odense
Hyundai Samho H.I.IHI
MitsubishiHanjin
Hudong ZhonghuaChina SB (CSBC)
STX ShipyardNantong (NACKS)
Jiangnan ChangxingImabari
SungdongJiangsu Yangzijiang
Daewoo (DMHI)Dalian Shipyard
Units Delivered Units On Order
2 4 4 4 2 6 7 20
37
59
34 35 18
32 26 26
55
27
3
2
7 16
15
31 47 55
51
39
11 0
20
40
60
80
100
No. of V
LCS de
liveries
>10,000 TEU7,500‐9,999 TEU
91
78
54
32
22
22
19
15
12
11
10
10
9
8
6
5
2
1
1
31
40
4
12
12
10
10
16
35
4
27
5
10
5
13
7
4
8
10
4
0 20 40 60 80 100 120
Maersk
MSC
CMA CGM
COSCO
OOCL
CSCL
Hapag‐Lloyd
Hanjin Shg
Evergreen
NYK
APL
Yang Ming
HMM
K Line
Zim
MOL
CSAV
UASC
Wan Hai
Hamburg Sud
Unassigned
VLCS/ULCS (>7,500 teu) deployment (No. of units)
Current Units Ordered Units
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ALPHALINER Monthly Monitor January 2012
Charter Rates ‐ Cellular Ships December 2011 Fixtures (selected representa ve fixtures only)
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Charter R
ate $/da
y
Alphaliner Charter Rates 2000‐2011 (December)
4000 teu2500 teu1700 teu1000 teu500 teu
Size Dec‐11 Nov‐11 MoM
Change % Dec‐10 YoY
Change % $/day $/day $/day 4,000 teu 8,000 8,000 0% 20,000 ‐60% 2,500 teu 7,900 8,050 ‐2% 12,000 ‐34% 1,700 teu 7,500 8,000 ‐6% 8,500 ‐12% 1,000 teu 5,250 5,900 ‐11% 8,250 ‐36% 500 teu 4,700 5,000 ‐6% 5,700 ‐18% Alphaliner Index 55.4 58.1 ‐5% 90.5 ‐39% Note : Rates based on 6‐12 month fixtures Alphaliner Index ‐ Jan 2000 = 100
Vessel Name Built Teu Charterer Fix Period Rate PESCARA 2010 3,534 CMA CGM 10 months 7,000 PRAIA 2009 3,534 CMA CGM 6 months 7,000 LETO 2006 3,091 Hapag‐Lloyd 10 months 10,350 STADT CADIZ 2010 2,796 CMA CGM 9 months 8,000 CONTI ESPERANCE 1996 2,758 Goto Shipping 9 months 7,000 NAJADE 2007 2,702 TS Lines 6 months 7,500 CITY OF XIAMEN 2008 2,564 CMA CGM 6 months 7,250 JULIA SCHULTE 2005 2,478 Maersk Line 5 months 7,000 AENNE RICKMERS 1998 2,226 CMA CGM 6 months 7,750 E.R. HOBART 1994 2,021 MSC 12 months 7,000 VALDIVIA 2006 1,853 OOCL 6 months 6,750 SAN ADRIANO 2008 1,841 CMA CGM 8 months 7,400 TAURUS 1999 1,837 Maersk Line 6 months 6,750 URANUS 1999 1,837 Maersk Line 6 months 6,750 LISSY SCHULTE 1995 1,730 Simatech 3 months 6,750 HANJIN SAO PAULO 2008 1,713 MCC Transport 4 months 7,600 MARY SCHULTE 2000 1,702 Italia Mari ma 6 months 7,000 SAN CLEMENTE 1994 1,512 OOCL 3 months 7,300 CAECILIA SCHULTE 1995 1,162 OACL 9 months 6,950 IREM KALKAVAN 2006 1,155 United Feeder Svc 3 months 5,500 CEYLA K. 2008 1,155 Italia Mari ma 6 months 5,400 CLOU OCEAN 1997 1,145 Portline 3 months 5,700 CAPE SANTIAGO 2001 1,121 MTT Shipping 3 months 5,800 FPMC CONTAINER 9 2009 1,118 Heung‐A 5 months 5,000 FORMOSA CONTAINER 5 2006 1,118 Heung‐A 6 months 5,000 VEGA GOTLAND 2006 1,118 MSC 6 months 5,400 DP GENOA 1992 1,048 MTT Shipping 3 months 4,850 REECON WOLF 2008 1,022 Maersk Line 3 months 5,000 REECON WHALE 2011 1,022 Maersk Line 6 months 5,700 XIN HAI HUI 1989 816 Shanghai Hai Hua 6 months 4,400 STADT RAVENSBURG 2006 698 CMA CGM 4 months 4,000 PANDORA 2004 672 Shanghai Puhai Shg 6 months 4,000
Page 11 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Sales and Purchase (Cellular Containerships : Reported Sales in October 2011‐January 2012)
Current Name Built Age Teu Ldt $/ldt Last Owner Buyer Sold ITAL GLAMOUR 1987 25 3,428 17,910 $435 Italia Mari ma China Jan ITAL GARLAND 1988 24 3,428 17,910 $435 Italia Mari ma China Jan MSC MAHIMA 1985 27 2,686 16,143 $517 Ofer India Jan PALERMO 1992 20 2,680 n/a n/a Laeisz Schiffahrt India Jan AL IHSA’A 1983 29 2,248 12,861 $501 UASC UAE Jan KITANO 1990 21 3,821 18,500 $378 NYK China Dec YM EUROPE 1992 19 3,604 18,334 $481 Yang Ming India Dec GRAND VISION 1991 20 3,032 12,920 n/a Goldenport India Dec CALIFORNIA MERCURY 1987 24 2,977 n/a n/a NYK China Dec GARDEN 1984 27 2,868 n/a n/a Costamare China Dec MSC DAMLA 1980 31 2,686 10,100 Na MSC India Dec MSC MAGALI 1980 31 2,314 14,703 $492 MSC India Dec KOTA ABADI 1984 27 1,302 7,617 $490 PIL India Dec SEAWAYS VALOUR 1990 21 1,158 6,648 $470 Seaways Shg India Dec MSC TUSCANY 1978 33 1.466 9,228 $520 Costamare India Nov MSC FADO 1978 33 1,181 7,966 $515 Costamare India Nov
Name Built Teu Seller Buyer Price Reported APL SARDONYX 1995 4,729 NOL Diana Containerships $30M Jan APL SPINEL 1996 4,729 NOL Diana Containerships $30M Jan E.R. HONG KONG 1999 5,762 Nordcapital OOCL $27M Dec E.R. SHANGHAI 2000 5,762 Nordcapital OOCL $27M Dec HARMONY 1985 1,022 Cosmoship MTT Shipping Priv Dec PETUJA 1997 700 Von Allwörden Tauranga Shg €3.9M Dec ST CERGUE 2006 2,826 Suisse Atlan que Soundview $23M Nov MSC PANAMA 1989 1,743 Eurus Berlin Salam Pasifik priv Nov CHIANGMAI BRIDGE 2002 1,032 Taiyo Kaiun SITC $11M Nov CAP SAN ANTONIO 2001 3,739 Hamburd Süd Tsakos $33M Oct CAP SAN NICOLAS 2001 3,739 Hamburd Süd Tsakos $33m Oct CAP SAN AUGUSTIN 2001 3,739 Hamburd Süd Seachange $33M Oct CAP SAN LORENZO 2001 3,739 Hamburd Süd Seachange $33M Oct CAP SAN MARCO 2001 3,739 Hamburd Süd Diana Containerships $33m Oct CAP SAN RAPHAEL 2002 3,739 Hamburd Süd Diana Containerships $33m Oct JULIANA STAR 2003 2,532 Navalis Schiff. n/a Priv Oct MCP ALTONA 2007 629 Hartmann Schiff. Meratus Priv Oct DA XIN 1998 588 Far Glory Tanto In m Priv Oct
0
5
10
15
20
25
30
35
0
10000
20000
30000
40000
50000
60000
70000
Jan2009
Apr Jul Oct Jan2010
Apr Jul Oct Jan2011
Apr Jul Oct
Units scrap
ped
TEU
Scrapping by Month
TEU
Units Scrapped
Demoli ons (Cellular Containerships : Reported Sales in December 2011‐January 2012)
0
5
10
15
20
25
30
35
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Jan2009
Apr Jul Oct Jan2010
Apr Jul Oct Jan2011
Apr Jul Oct
Units sold
TEU
Sales by Month
TEUSales (in units)
Page 12 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Top 25 Carriers As at 1 January 2012
Total exis ng Owned Chartered Orderbook Market Rank Operator TEU Ships TEU Ships TEU Ships % Chart. TEU Ships O/E % Share 1 APM‐Maersk 2,539,090 658 1,187,332 219 1,351,758 439 53.2% 522,656 48 20.6% 16.0%
2 MSC 2,121,747 479 996,057 206 1,125,690 273 53.1% 476,862 42 22.5% 13.3%
3 CMA CGM 1,342,190 392 505,558 93 836,632 299 62.3% 61,679 7 4.6% 8.4%
4 COSCON 648,157 148 348,005 95 300,152 53 46.3% 244,168 32 37.7% 4.1%
5 Hapag‐Lloyd 645,462 146 292,590 63 352,872 83 54.7% 132,000 10 20.5% 4.1%
6 APL 626,106 146 189,237 46 436,869 100 69.8% 280,740 27 44.8% 3.9%
7 Evergreen 607,055 165 330,167 88 276,888 77 45.6% 308,000 35 50.7% 3.8%
8 CSCL 547,564 151 344,012 78 209,220 74 38.2% 145,748 18 26.6% 3.4%
9 Hanjin Shg 478,299 100 220,895 37 257,404 63 53.8% 243,864 30 51.0% 3.0%
10 MOL 434,337 98 215,352 36 218,985 62 50.4% 109,620 11 25.2% 2.7%
11 Hamburg Süd 408,837 116 205,828 47 203,009 69 49.7% 196,788 31 48.1% 2.6%
12 OOCL 406,118 85 281,432 46 124,686 39 30.7% 132,576 12 32.6% 2.6%
13 NYK Line 399,924 100 304,354 57 95,570 43 23.9% 61,908 6 15.5% 2.5%
14 CSAV 378,756 84 52,221 11 326,535 73 86.2% 36,000 4 9.5% 2.4%
15 Yang Ming 340,533 82 203,361 47 137,172 35 40.3% 89,038 14 26.1% 2.1%
16 K Line 337,002 78 104,332 20 232,670 58 69.0% 45,200 5 13.4% 2.1%
17 Zim 322,113 91 158,129 34 163,984 57 50.9% 153,216 13 47.6% 2.0%
18 HMM 295,249 61 100,646 17 194,603 44 65.9% 156,075 15 52.9% 1.9%
19 PIL 278,130 143 172,127 96 106,003 47 38.1% 71,030 20 25.5% 1.7%
20 UASC 237,201 56 126,696 28 110,505 28 46.6% 104,800 8 44.2% 1.5%
21 Wan Hai 169,232 77 124,268 58 44,964 19 26.6% 34,610 12 20.5% 1.1%
22 HDS Lines 87,033 22 3,001 2 84,032 20 96.6% 0.5%
23 TS Lines 73,774 37 3,156 2 70,618 35 95.7% 0.5%
24 X‐Press Feeders 58,045 51 58,045 51 100.0% 4,000 2 6.9% 0.4%
25 SITC 51,582 55 15,176 17 36,406 38 70.6% 13,086 12 25.4% 0.3%
0.00 0.50 1.00 1.50 2.00 2.50 3.00 TEU Millions
Current TEU Orderbook TEU
Page 13 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Main Carriers Newbuilding Delivery Schedule As at 1 January 2012
2014‐15 Scheduled Deliveries
2013 Scheduled Deliveries
2,539
2,122
1,342
648
645
626
607
548
478
434
409
406
400
379
341
337
322
295
278
237
169
0
500
1,000
1,500
2,000
2,500
TEU
Tho
usan
ds
Operated Fleet As at 1 January 2012
2012 Scheduled Deliveries
Operated Fleet and Scheduled Deliveries include owned and chartered ships. Delivery schedules may be subject to revision .
© Alphaliner
252
105
5 53
0 97
132
0 70
56
38
31
13
18
0 0 53
66
0 0 0
0
100
200
300
TEU
Tho
usan
ds
134
124
0 96
79
99
150
80
104
31
109
93
40
18
26
0 100
20
43
0 14
0
100
200
300
TEU
Tho
usan
ds
136
248
56
95
53
84
26
66
70
22
49
9 9 0 63
45
0 70
28
105
21
0
100
200
300
TEU
Tho
usan
ds
Page 14 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Top 25 Non‐Opera ng Owners (Managing Owners) As at 1 January 2012
Market share for non‐opera ng owners calculated based on current charter fleet which stands at 8.01 Mteu as at January 2012.
Total Current Orderbook Total Fleet Average Ship Size Market Rank Managing Owner TEU Ships TEU Ships O/E % TEU Ships Current Ordered Share 1 Offen, Claus Peter 537,956 101 27,750 5 5% 565,706 106 5,326 5,550 6.7%
2 Niederelbe (NSB) 439,868 98 0% 439,868 98 4,488 5.5%
3 Seaspan 353,177 65 122,368 11 35% 475,545 76 5,433 11,124 4.4%
4 Rickmers, Erck 342,803 69 26,184 2 8% 368,987 71 4,968 13,092 4.3%
5 Doehle, Peter+Hammonia 337,566 93 90,044 12 27% 427,610 105 3,630 7,504 4.2%
6 Norddeutsche R. H. Schuldt 329,028 78 0% 329,028 78 4,218 4.1%
7 Rickmers, Bertram 325,438 94 0% 325,438 94 3,462 4.1%
8 Zodiac Mari me 319,572 56 186,048 20 58% 505,620 76 5,707 9,302 4.0%
9 Danaos 291,102 59 73,925 6 25% 365,027 65 4,934 12,321 3.6%
10 Costamare 240,056 49 88,444 10 37% 328,500 59 4,899 8,844 3.0%
11 Komrowski, Ernst 187,771 47 4,885 2 3% 192,656 49 3,995 2,443 2.3%
12 Shoei Kisen 173,503 40 8,000 1 5% 181,503 41 4,338 8,000 2.2%
13 NSC Schiffahrt 121,992 37 0% 121,992 37 3,297 1.5%
14 Schulte Group 116,285 38 64,340 8 55% 180,625 46 3,060 8,043 1.5%
15 Hansa Shipping 105,753 35 51,620 10 49% 157,373 45 3,022 5,162 1.3%
16 Laeisz Schiffahrts. 104,833 29 0% 104,833 29 3,615 1.3%
17 Schulte, Thomas 96,074 34 24,497 7 25% 120,571 41 2,826 3,500 1.2%
18 Technomar Shg 89,336 25 26,800 4 30% 116,136 29 3,573 6,700 1.1%
19 Buss, Hermann 87,595 51 1,496 1 2% 89,091 52 1,718 1,496 1.1%
20 Schoeller Holdings 78,399 44 2,758 1 4% 81,157 45 1,782 2,758 1.0%
21 Synergy Marine 77,390 17 0% 77,390 17 4,552 1.0%
22 Nissen Kaiun 77,331 15 8,000 1 10% 85,331 16 5,155 8,000 1.0%
23 Niki Group 72,360 8 65,000 5 90% 137,360 13 9,045 13,000 0.9%
24 Mar me 71,087 29 0% 71,087 29 2,451 0.9%
25 Global Ship Lease 65,847 17 0% 65,847 17 3,873 0.8%
0.00 0.10 0.20 0.30 0.40 0.50 TEU Millions
Current TEU Orderbook TEU
Page 15 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
East‐West Trade Deployment
Capacity Watch (Jan 2012 vs 2010/2011)
Weekly Capacity (TEU) FE ‐ Eur FE ‐ N. Am Eur ‐ N. Am
1 Jan 11 369,823 372,697 104,310 1 Feb 11 375,478 372,037 104,814 1 Mar 11 375,435 367,936 107,928 1 Apr 11 378,523 368,474 117,015 1 May 11 402,180 379,706 115,740 1 Jun 11 413,518 388,125 115,542 1 Jul 11 409,004 392,565 114,361 1 Aug 11 399,873 389,015 112,033 1 Sep 11 398,851 383,780 112,248 1 Oct 11 396,235 379,159 113,153 1 Nov 11 394,488 359,915 112,363 1 Dec 11 376,783 343,213 112,368
Jan 12 vs 11 % 0.7% ‐7.5% 7.2% 1 Jan 12 372,486 344,814 111,827
250,000
270,000
290,000
310,000
330,000
350,000
370,000
390,000
410,000
2009
J A J O
2010
J A J O
2011
J A J O
2012
J
Far East ‐ Europe Weekly Capacity (TEU)
Change vs Jan 2010 : +20% Change vs Jan 2011 : +1%
250,000
270,000
290,000
310,000
330,000
350,000
370,000
390,000
410,000
2009
J A J O
2010
J A J O
2011
J A J O
2012
J
Far East ‐ North America Weekly Capacity (TEU)
Change vs Jan 2010 : +16% Change vs Jan 2011 : ‐7%
80,000
90,000
100,000
110,000
120,000
130,000
2009
J A J O
2010
J A J O
2011
J A J O
2012
J
Europe ‐ North America Weekly Capacity (TEU)
Change vs Jan 2010 : +23% Change vs Jan 2011 : +7%
0
100,000
200,000
300,000
400,000
500,000
600,000
700,000
800,000
900,000
1,000,000A S O N D
2009
J F M A M J J A S O N D20
10 J F M A M J J A S O N D
2011
J F M A M J J A S O N D20
12 J
TEU (N
ominal)
Weekly Capacity Deployed in Main East‐West Tradelanes
FE ‐ Eur FE ‐ N. Am Eur ‐ N. Am
Page 16 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Trade Capacity Breakdown by Carrier (Far East‐Europe and Far East‐US)
0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000
MaerskMSC
CMA CGMCOSCOCSCL
EvergreenHapag‐LloydHanjin Shg
APLMOLUASC
NYK LineOOCLK LineHMM
Yang MingZim
CSAVPIL
Wan Hai
FE ‐ Europe Weekly Capacity in TEU
0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000
MaerskEvergreen
APLCOSCOMSC
Hanjin ShgCMA CGM
Hapag‐LloydYang Ming
NYKHMMOOCLMOLK LineCSCLZim
MatsonPIL
Wan HaiHainan POS
UASCWestwood
TS Lines
FE ‐ North America Weekly Capacity in TEU
FE‐Europe (TEU/Week) Jan‐12 Jan‐11 % Change Maersk 86,990 74,710 16.44% CKYH 54,860 60,370 ‐9.13% MSC 56,080 47,080 19.12% CMA CGM 46,850 43,310 8.19% New World Alliance 32,520 32,800 ‐0.85% Grand Alliance 35,240 37,540 ‐6.13% Evergreen 19,440 14,930 30.21% CSCL 16,600 18,950 ‐12.38% UASC 12,020 11,780 2.09% Zim 5,830 7,850 ‐25.75% Others 6,060 20,520 ‐70.47% Total 372,490 369,820 0.72%
FE‐N America (TEU/Week) Jan‐12 Jan‐11 % Change CKYH 80,400 85,520 ‐5.98% New World Alliance 56,720 63,690 ‐10.95% Grand Alliance 55,150 53,090 3.89% Maersk 33,570 35,930 ‐6.57% Evergreen 29,710 31,000 ‐4.19% MSC 23,770 20,610 15.35% CMA CGM 22,720 19,640 15.70% CSCL 14,010 17,170 ‐18.38% Zim 10,840 11,690 ‐7.26% Others 9,650 26,780 ‐63.98% Non Scope 8,270 7,580 9.20% Total 344,810 372,700 ‐7.48%
Maersk 23%
CKYH 15%
MSC 15%
CMA CGM 13%
New World Alliance 9%
Grand Alliance 9%
Evergreen 5%
CSCL 4%
UASC 3%
Zim 2%
Others 2%
FE‐Europe Capacity Share by Carrier/Alliance
CKYH 24%
New World Alliance 17%
Grand Alliance 16%
Maersk 10%
Evergreen 9%
MSC 7%
CMA CGM 7%
CSCL 4%
Zim 3%
Others 3%
FE‐North America Capacity Share by Carrier/Alliance
ALPHALINER
ALPHALINER
Based on capacity deployed by vessel operator at the beginning of the month. Not adjusted for slot exchange and slot purchase arrangements between carriers.
Page 17 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
40%
50%
60%
70%
80%
90%
100%
110%
120%
0
200
400
600
800
1,000
1,200
1,400
1,600
Jan2009
Apr Jul Oct Jan2010
Apr Jul Oct Jan2011
Apr Jul Oct Jan2012
Utilisation (Est)
Dem
and/Supp
ly in
TEU
Tho
usan
ds
Far East ‐ Europe Trade CapacityLiftingsUtilisation % (est)
Trade Demand and Es mated U lisa on Level (Far East‐Europe and Far East‐US)
40%
50%
60%
70%
80%
90%
100%
110%
120%
0
200
400
600
800
1,000
1,200
1,400
1,600
Jan2009
Apr Jul Oct Jan2010
Apr Jul Oct Jan2011
Apr Jul Oct Jan2012
Utilisation (Est)
Dem
and/Supp
ly in
TEU
Tho
usan
ds
Far East ‐ US Trade CapacityLiftingsUtilisation % (est)
Trade demand data for FE‐US is derived from Zepol (based on discharge date)
Trade demand data for FE‐Eur is derived from CTS (based on loading date)
Trade u liza on es mates based on reported li ings / trade capacity deployed adjusted for non‐scope alloca on
FE‐EU TEU 2009 2010 2011 11/10 % 10/09 % 09/08 % Jan 1,018,300 1,114,500 1,307,100 17.3% 9.4% ‐17.6% Feb 617,900 944,800 848,000 ‐10.2% 52.9% ‐33.1% Mar 954,800 1,074,800 1,167,400 8.6% 12.6% ‐18.1% Apr 878,100 1,120,300 1,173,000 4.7% 27.6% ‐25.0% May 932,600 1,146,700 1,216,600 6.1% 23.0% ‐20.3% Jun 955,500 1,145,700 1,165,700 1.7% 19.9% ‐21.2% Jul 992,700 1,208,600 1,301,500 7.7% 21.7% ‐17.5% Aug 1,068,300 1,232,100 1,282,000 4.0% 15.3% ‐12.2% Sep 1,051,600 1,118,300 1,106,800 ‐1.0% 6.3% ‐9.7% Oct 953,500 1,072,900 1,109,400 3.4% 12.5% ‐11.3% Nov 970,800 1,102,200 1,043,400 ‐5.3% 13.5% 2.6% Dec 1,099,300 1,195,600 8.8% 8.9% Q1 2,591,000 3,134,100 3,322,500 6.0% 21.0% ‐22.1% Q2 2,766,200 3,412,700 3,555,300 4.2% 23.4% ‐22.1% Q3 3,112,600 3,559,000 3,690,300 3.7% 14.3% ‐13.2% Q4 3,023,600 3,370,700 11.5% ‐0.2%
YTD Nov 10,394,100 12,280,900 12,720,900 3.6% 18.2% ‐16.7% Full Year 11,493,400 13,476,500 17.3% ‐14.8%
FE‐US TEU 2009 2010 2011 11/10 % 10/09 % 09/08 % Jan 955,800 970,500 1,120,000 15.4% 1.5% ‐13.9% Feb 714,000 930,500 986,000 6.0% 30.3% ‐35.2% Mar 853,900 968,300 925,000 ‐4.5% 13.4% ‐13.7% Apr 885,800 1,022,500 1,070,000 4.6% 15.4% ‐18.4% May 904,200 1,098,500 1,176,000 7.1% 21.5% ‐22.3% Jun 941,400 1,238,100 1,108,500 ‐10.5% 31.5% ‐17.2% Jul 989,400 1,220,000 1,152,000 ‐5.6% 23.3% ‐16.6% Aug 1,054,300 1,308,000 1,252,500 ‐4.2% 24.1% ‐12.8% Sep 1,038,500 1,250,500 1,166,000 ‐6.8% 20.4% ‐16.5% Oct 1,072,900 1,189,500 1,152,000 ‐3.2% 10.9% ‐10.7% Nov 1,019,900 1,139,500 1,121,000 ‐1.6% 11.7% ‐0.9% Dec 990,900 1,013,500 1,013,000 0.0% 2.3% 3.1% Q1 2,523,700 2,869,300 3,031,000 5.6% 13.7% ‐21.1% Q2 2,731,400 3,359,100 3,354,500 ‐0.1% 23.0% ‐19.3% Q3 3,082,200 3,778,500 3,570,500 ‐5.5% 22.6% ‐15.3% Q4 3,083,700 3,342,500 3,286,000 ‐1.7% 8.4% ‐3.4%
YTD Dec 11,421,000 13,349,400 13,242,000 ‐0.8% 16.9% ‐14.9% Full Year 11,421,000 13,349,400 13,242,000 ‐0.8% 16.9% ‐14.9%
Page 18 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Main Global Carriers ‐ Breakdown of Capacity Operated by Trade (as at 1 January 2012)
Breakdown based on capacity deployed by individual carriers on direct services only. Does not include wayport capacity, transhipment services, slot exchange arrangements and cross‐trade intra‐Alliance arrangements.
3%
10%
1%
20%
1%
1%
1%
3%
3%
4%
2%
9%
9%
9%
13%
26%
24%
38%
30%
15%
36%
21%
28%
36%
35%
29%
30%
33%
5%
4%
5%
7%
34%
27%
36%
37%
21%
20%
19%
33%
29%
26%
24%
29%
13%
33%
28%
21%
35%
2%
53%
3%
10%
6%
7%
6%
7%
23%
23%
7%
14%
6%
4%
15%
7%
18%
16%
8%
10%
17%
31%
35%
24%
35%
17%
11%
16%
2%
1%
3%
2%
8%
2%
8%
6%
37%
1%
13%
19%
13%
4%
14%
1%
8%
11%
7%
21%
76%
14%
62%
12%
11%
4%
8%
2%
8%
4%
3%
6%
4%
7%
2%
1%
4%
2%
4%
11%
8%
5%
1%
4%
3%
8%
1%
11%
4%
2%
3%
17%
9%
12%
27%
5%
7%
13%
6%
14%
7%
2%
2%
9%
1%
60%
47%
4%
11%
5%
1%
3%
3%
2%
1%
3%
2%
1%
1%
2%
1%
3%
5%
4%
2%
6%
3%
2%
6%
6%
4%
8%
6%
2%
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
APM‐MaerskMSC
CMA CGMCOSCO
Hapag‐LloydAPL
EvergreenCSCL
Hanjin ShgMOL
Hamburg SüdOOCLNYKCSAV
Yang MingK LineZim
HMMPIL
UASCWan HaiTS Lines
Eur‐N. Am FE‐N. Am Eur‐FE ME/ISC related Africa related Lat Am related ANZ/Oceania related Intra‐FE Intra‐Europe Unassigned Idle
Page 19 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Global Capacity Deployment Breakdown by Trade (as at 1 January 2012)
Eur‐N. Am 3%
FE‐N. Am 8%
Eur‐FE 8%
ME/ISC related 10%
Africa related 10%
Lat Am related 13%
Oceania related 4% Intra‐FE
25%
Intra‐Europe 11%
Other/ Unassigned
2% Idle 5%
Global Trade Deployment By Vessel Count
The survey counts cellular and non‐cellular containerships above 100 teu only. Roro and general cargo vessels employed on mul purpose liner services are excluded.
Global Trade Deployment by TEU Capacity
By TEU Capacity
100‐999 1,000‐ 1,999
2,000‐ 2,999
3,000‐ 3,999
4,000‐ 5,099
5,100‐ 7,499
7,500‐ 9,999
10,000‐ 15,500
Total Cellular TEU
Non‐cellular
Total Liner TEU %
Eur‐N. Am 0 16,689 97,767 89,960 295,643 73,462 0 0 573,521 14,540 588,061 4%
FE‐N. Am 0 16,645 41,562 51,053 808,151 721,607 783,546 20,000 2,442,564 8,192 2,450,756 16%
Eur‐FE 0 0 2,702 20,731 152,274 752,851 1,369,892 1,435,464 3,733,914 0 3,733,914 24%
ME/ISC related 28,738 177,753 221,940 320,446 431,241 557,041 102,254 0 1,839,413 18,346 1,857,759 12%
Africa related 31,408 279,971 468,207 146,144 103,844 114,971 50,115 0 1,194,660 28,105 1,222,765 8%
Lat Am related 55,198 222,926 332,915 202,612 681,916 530,795 130,259 0 2,156,621 23,685 2,180,306 14%
Oceania related 15,749 36,585 141,381 95,223 299,425 0 0 0 588,363 18,825 607,188 4%
Intra‐FE 293,192 659,590 258,978 50,339 192,924 5,527 0 0 1,460,550 84,250 1,544,800 10%
Intra‐Europe 177,863 281,881 94,119 33,475 84,825 0 0 0 672,163 35,025 707,188 5%
Other/Unassigned 17,531 28,611 31,101 3,074 13,372 6,492 16,400 0 116,581 9,995 126,576 1%
Idle 49,207 111,261 127,668 85,839 103,679 78,095 42,854 30,176 628,779 3,361 632,140 4%
Total 668,886 1,831,912 1,818,340 1,098,896 3,167,294 2,840,841 2,495,320 1,485,640 15,407,129 244,324 15,651,453 100%
Trade Size Range
By Vessel Count
100‐999 1,000‐ 1,999
2,000‐ 2,999
3,000‐ 3,999
4,000‐ 5,099
5,100‐ 7,499
7,500‐ 9,999
10,000‐ 15,500
Total Cellular Units
Non‐cellular
Total Liner Units %
Eur‐N. Am 0 11 37 27 63 12 0 0 150 5 155 3%
FE‐N. Am 0 10 16 14 174 120 93 2 429 4 433 8%
Eur‐FE 0 0 1 6 34 119 157 113 430 0 430 8%
ME/ISC related 46 127 87 92 97 93 12 0 554 36 590 11%
Africa related 41 183 191 44 23 17 6 0 505 31 536 10%
Lat Am related 77 154 134 60 155 87 15 0 682 54 736 13%
Oceania related 21 26 53 28 67 0 0 0 195 29 224 4%
Intra‐FE 502 482 99 15 43 1 0 0 1,142 253 1,395 26%
Intra‐Europe 247 204 37 10 19 0 0 0 517 80 597 11%
Other/Unassigned 29 20 12 1 3 1 2 0 68 19 87 2%
Idle 72 77 48 25 23 13 5 3 266 7 273 5%
Total 1,035 1,294 715 322 701 463 290 118 4,938 518 5,456 100%
Trade Size Range
Eur‐N. Am 4%
FE‐N. Am 15%
Eur‐FE 24%
ME/ISC related 10%
Africa related 8%
Lat Am related 14%
Oceania related 4%
Intra‐FE 10%
Intra‐Europe 4%
Other/ Unassigned
2%
Idle 4%
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ALPHALINER Monthly Monitor January 2012
Idle Capacity Tracker
Vessel Size (TEU)
Date 500‐ 999
1,000‐1,999
2,000‐2,999
3,000‐4,999
5,000‐7,499 > 7,500 Total Idle TEU As % of
cellular fleet
Dec 5 ‐ 2011 48 65 37 41 13 6 210 525,571 3.4% Nov 21 ‐ 2011 52 56 33 33 12 4 190 442,757 2.9% Nov 7 ‐ 2011 42 68 22 39 10 4 180 439,228 2.9% Oct 24 ‐ 2011 46 68 23 40 7 1 185 397,718 2.6% Oct 10 ‐ 2011 40 58 23 40 7 1 169 375,032 2.5% Sep 26 ‐ 2011 39 56 20 35 5 1 156 334,157 2.2% Sep 12 ‐ 2011 35 46 18 24 5 1 129 269,755 1.8% Aug 29 ‐ 2011 35 45 13 21 2 0 116 210,617 1.4% Aug 15 ‐ 2011 36 40 11 11 0 0 98 148,112 1.0% Aug 1 ‐ 2011 30 29 7 8 1 0 75 114,443 0.8% July 18 ‐ 2011 30 32 9 4 3 0 78 119,897 0.8% July 4 ‐ 2011 32 30 9 3 0 0 74 95,833 0.6% Jun 20 ‐ 2011 27 23 6 4 0 0 60 74,624 0.5% Jun 6 ‐ 2011 27 27 7 2 0 0 63 80,713 0.5% May 23 ‐ 2011 30 32 8 6 1 0 77 111,186 0.7% May 9 ‐ 2011 27 32 5 11 0 2 77 133,346 0.9% Apr 25 ‐ 2011 23 26 9 11 0 2 71 134,486 0.9% Apr 11 ‐ 2011 23 28 15 13 5 3 87 191,876 1.3% Mar 28 ‐ 2011 22 27 15 14 3 3 84 185,171 1.3% Mar 14 ‐ 2011 24 25 18 16 7 4 94 230,710 1.6% Feb 28 ‐ 2011 28 28 18 19 10 4 107 274,294 1.9% Feb 14 ‐ 2011 27 33 20 20 7 5 112 277,396 1.9% Jan 31 ‐ 2011 31 36 16 19 5 3 110 239,535 1.7% Jan 17 ‐ 2011 31 40 13 20 6 3 113 245,172 1.7% Jan 3 ‐ 2011 37 43 19 24 14 3 140 322,187 2.3% Dec 20 ‐ 2010 39 37 18 23 17 3 137 326,912 2.3% Dec 6 ‐ 2010 37 40 24 25 19 2 147 356,275 2.5%
Dec 19, 2011 49 66 42 42 14 6 219 546,287 3.6% Jan 2 ‐ 2012 56 76 46 48 14 6 246 594,778 3.9%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
0.00
0.20
0.40
0.60
0.80
1.00
1.20
1.40
1.60
1.80
2009
Jan
2010
Jan
2011
Jan
2012
Jan
TEU
Millions
Idle Fleet Breakdown by Non‐Operating Owner/Carrier NOO TEU Carrier TEU % Charter free
0
100
200
300
400
500
600
2009
Jan
2010
Jan
2011
Jan
2012
Jan
Vessel Cou
nt
Idle containership (units idle by size range)
Over 7,5005,000‐7,4993,000‐4,9992,000‐2,9991,000‐1,999500‐999
Size (teu)
Page 21 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Container Freight Watch
Mediterranean Sea ‐ Barcelona/Valencia/Genoa/Naples; Europe ‐ Hamburg/Ro erdam/Antwerp/Felixtowe/Le Havre; USWC ‐ Los Angeles/Long Beach/Oakland; USEC ‐ New York/Savannah/Norfolk/ Charleston;
The freight rate includes ocean freight and surcharges, ie: Bunker/Fuel Surcharge BAF/FAF Emergency Bunker Surcharge EBS/EBA Currency Surcharge CAF/YAS Peak Season Surcharge PSS War Risk Surcharge WRS Port Conges on Surcharge PCS Canal Surcharges SCS/SCF/PTF/PCC Excludes Terminal Handling Charge THC
Shanghai Shipping Exchange base ports defined as :‐
Shanghai Container Freight Index 13‐Jan‐12
Change vs 1 week 1 month 3 months 1 year
6‐Jan‐12 % 16‐Dec‐11 % 14‐Oct‐11 % 14‐Jan‐11 %
SCFI 981 975 1% 854 15% 948 4% 1,112 ‐12%
Europe (Base port) 733 730 0% 499 47% 697 5% 1,342 ‐45% Mediterranean (Base port) 772 754 2% 626 23% 971 ‐20% 1,212 ‐36% USWC (Base port) 1,822 1,813 0% 1,418 28% 1,495 22% 1,977 ‐8% USEC (Base port) 2,960 2,942 1% 2,522 17% 2,976 ‐1% 3,198 ‐7% Persian Gulf (Dubai) 647 642 1% 626 3% 761 ‐15% 827 ‐22% Australia (Melbourne) 851 856 ‐1% 699 22% 673 26% 874 ‐3% West Africa (Lagos) 2,011 2,009 0% 1,992 1% 2,107 ‐5% 1,761 14% South Africa (Durban) 1,059 1,063 0% 990 7% 1,109 ‐5% 1,049 1% South America (Santos) 1,534 1,571 ‐2% 1,176 30% 1,710 ‐10% 1,452 6% West Japan (Osaka/Kobe) 336 334 1% 334 1% 333 1% 312 8% East Japan (Tokyo/Yokohama) 336 334 1% 334 1% 333 1% 312 8% Southeast Asia (Singapore) 225 218 3% 226 0% 231 ‐3% 155 45% Korea (Busan) 171 169 1% 174 ‐2% 208 ‐18% 151 13% Taiwan (Kaohsiung) 287 287 0% 303 ‐5% 121 137% 195 47% Hong Kong 153 153 0% 159 ‐4% 158 ‐3% 126 21%
Shanghai export freight rates (in US$/TEU except to USEC/USWC in US$/FEU) to:‐
0
500
1,000
1,500
2,000
Jan‐09 Jan‐10 Jan‐11 Jan‐12
SCFI (Oct 2009 = 1,000)
0
1,000
2,000
3,000
4,000
5,000
Jan‐09
Apr‐09
Jul‐0
9Oct‐09
Jan‐10
Apr‐10
Jul‐1
0Oct‐10
Jan‐11
Apr‐11
Jul‐1
1Oct‐11
Jan‐12
$/FEU
Primary Linehaul Spot Rates : Shanghai to
USECUSWCMediterraneanNorth Europe
0
500
1,000
1,500
2,000
2,500
3,000
Jan‐09
Apr‐09
Jul‐0
9Oct‐09
Jan‐10
Apr‐10
Jul‐1
0Oct‐10
Jan‐11
Apr‐11
Jul‐1
1Oct‐11
Jan‐12
$/TEU
Secondary Linehaul Spot Rates : Shanghai to
West Africa (Lagos)
South America (Santos)
South Africa (Durban)
Persian Gulf (Dubai)
Australia (Melbourne)
0
100
200
300
400
500
Jan‐09
Apr‐09
Jul‐0
9Oct‐09
Jan‐10
Apr‐10
Jul‐1
0Oct‐10
Jan‐11
Apr‐11
Jul‐1
1Oct‐11
Jan‐12
$/TEU
Intra‐Asia Spot Rates : Shanghai to
West Japan (Osaka/Kobe)East Japan (Tokyo/Yokohama)Southeast Asia (Singapore)Korea (Busan)Hong KongTaiwan (Kaohsiung)
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ALPHALINER Monthly Monitor January 2012
Container Freight Forward Rates
Shanghai Shipping Freight Exchange Co. (SSEFC) Last Traded Price as at 13 Jan 2012
SSEFC Container Freight Forward Rates and Traded Volumes
0
500
1,000
1,500
2,000
2,500
3,000
$/TEU
SCFI Spot Freight Rates ex Shanghai to North Europe
SSEFC Forward Prices North Europe
0
500
1,000
1,500
2,000
2,500
3,000
Jan‐09
Apr‐09
Jul‐0
9
Oct‐09
Jan‐10
Apr‐10
Jul‐1
0
Oct‐10
Jan‐11
Apr‐11
Jul‐1
1
Oct‐11
Jan‐12
Apr‐12
$/FEU
SCFI Spot Freight Rates ex Shanghai to USWC
SSEFC Forward Prices USWC
Shanghai ‐ North Europe Shanghai – US West Coast
Month $/TEU % Current Month $/FEU % Current
Index 733 Index 1,822
January, 2012 728 ‐1% January, 2012 1,743 ‐4%
February, 2012 693 ‐5% February, 2012 1,730 ‐5%
March, 2012 702 ‐4% March, 2012 1,683 ‐8%
April, 2012 721 ‐2% April, 2012 1,790 ‐2%
May, 2012 740 1% May, 2012 1,730 ‐5%
June, 2012 770 5% June, 2012 1,815 0%
500
600
700
800
900
1,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Oct‐11
Nov‐11
Dec‐11
Jan‐12
$/teu
TEU
SSEFC Forward Rates ‐ North Europe (Apr2012) NEUR Apr 12 VolNEUR Apr 12 Forward Rate
500
600
700
800
900
1,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Jul‐1
1
Aug‐11
Sep‐11
Oct‐11
Nov‐11
Dec‐11
Jan‐12
$/teu
TEU
SSEFC Forward Rates ‐ North Europe (Jan 2012) NEUR Jan 12 VolNEUR Jan 12 Forward Rate
500
600
700
800
900
1,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Jun‐11
Jul‐1
1
Aug‐11
Sep‐11
Oct‐11
$/teu
TEU
SSEFC Forward Rates ‐ North Europe (Oct 2011) NEUR Oct 11 VolNEUR Oct 11 Forward RateNEUR Oct 11 Closing Rate
1,300
1,400
1,500
1,600
1,700
1,800
1,900
2,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Oct‐11
Nov‐11
Dec‐11
Jan‐12
$/feu
FEU
SSEFC Forward Rates ‐ US West Coast(Apr 2012) USWC Apr 12 VolUSWC Apr 12 Forward Rate
1,300
1,400
1,500
1,600
1,700
1,800
1,900
2,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Jul‐1
1
Aug‐11
Sep‐11
Oct‐11
Nov‐11
Dec‐11
Jan‐12
$/feu
FEU
SSEFC Forward Rates ‐ US West Coast (Jan 2012) USWC Jan 12 VolUSWC Jan 12 Forward Rate
1,300
1,400
1,500
1,600
1,700
1,800
1,900
2,000
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
80,000
Jun‐11
Jul‐1
1
Aug‐11
Sep‐11
Oct‐11
$/feu
FEU
SSEFC Forward Rates ‐ US West Coast (Oct 2011)
USWC Oct 11 VolUSWC Oct 11 Forward RateUSWC Oct 11 Closing Rate
Page 23 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Bunker Watch
BAF Surcharge Survey ‐ Far East to North Europe ($/teu)
Carrier Dec‐10
Jan‐11
Feb‐11
Mar‐11
Apr‐11
May‐11
Jun‐11
Jul‐ 11
Aug‐11
Sep‐11
Oct‐11
Nov‐11
Dec‐11
Jan‐12
APL 530 549 568 601 677 715 758 719 736 631 613 615 617 634 CMA CGM 490 510 531 551 628 683 720 700 708 713 705 711 705 733 COSCO 580 595 610 645 722 755 805 780 795 810 795 805 788 822 CSAV Norasia 556 575 589 616 676 747 793 793 774 817 817 776 795 795 CSCL EBS (Emergency bunker surcharge) applied from Aug 09 Evergreen EBS (Emergency bunker surcharge) applied from Jul 09 Hanjin 540 560 575 600 680 750 792 792 798 805 795 803 800 820 Hapag Lloyd 534 569 581 612 642 715 740 742 742 746 748 742 733 770 HDS Lines 560 570 593 618 695 765 810 785 795 805 Suspended
HMM 555 582 601 647 738 753 791 749 770 791 762 775 784 804 K Line 579 605 605 657 735 787 839 787 813 813 813 813 813 839 Maersk 535 565 585 615 690 760 805 780 790 800 790 800 790 585 MOL 541 571 586 623 711 778 832 798 815 827 812 819 811 846 MSC 525 550 565 590 660 720 755 730 760 770 770 780 775 795 NYK 456 479 499 531 606 661 703 677 690 700 692 697 690 720 OOCL 517 517 561 597 652 734 787 787 787 787 787 787 787 810 UASC 483 509 528 567 645 712 751 745 755 755 749 749 738 760 Wan Hai 510 518 545 564 678 657 702 692 709 713 700 708 712 742 Yang Ming 592 633 650 681 780 782 823 803 714 765 741 741 728 729 Zim 529 549 560 586 631 689 721 705 714 728 714 719 710 740 Average 534 556 574 606 680 731 774 754 759 765 753 755 752 761 % Change m‐o‐m 7% 4% 3% 6% 12% 7% 6% ‐3% 1% 1% ‐2% 0% 0% 1% Highest 592 633 650 681 780 787 839 803 815 827 817 819 813 846 Lowest (non‐zero) 456 479 499 531 606 657 702 677 690 631 613 615 617 585
380 cSt bunker price Ro erdam $/ton 486 510 563 607 646 623 629 647 630 635 628 643 622 658f Singapore $/ton 498 533 604 634 670 640 651 661 649 652 664 688 666 700f
Feb‐12 615 706 785 759
800 749
772
560 818 775 694 810 746
738 ‐3% 818 560
Some carriers have been charging all‐inclusive freight rates inclusive of BAF since Jan 2009 ‐ some of these carriers have imposed an addi onal Emergency Bunker Surcharge (EBS) for rates that are not subject to BAF.
0
100
200
300
400
500
600
700
800
Jan‐00
Jan‐01
Jan‐02
Jan‐03
Jan‐04
Jan‐05
Jan‐06
Jan‐07
Jan‐08
Jan‐09
Jan‐10
Jan‐11
Jan‐12
Bunker Price : 380 cSt $/ton
SingaporeRotterdam
0
100
200
300
400
500
600
700
800
900
Jan‐00
Jan‐01
Jan‐02
Jan‐03
Jan‐04
Jan‐05
Jan‐06
Jan‐07
Jan‐08
Jan‐09
Jan‐10
Jan‐11
Jan‐12
BAF $/TEU ‐ Far E
ast to North Europ
e
BAF : Far East‐North Europe 2000‐2012
Rotterdam 380 cSt $/tonHighestLowest (non‐zero)Average
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ALPHALINER Monthly Monitor January 2012
Top 25 Ports
China Container Ports Watch – December 2011 (Preliminary es mate)
Preliminary es mates for 2011 li ings. Rankings based on 2011 handling volumes including transshipment and empty containers. Rank in brackets are for 2010.
No. Port Dec 2011 Mteu
y‐o‐y change %
Jan‐Dec 2011 Mteu
y‐o‐y change %
1 Shanghai 2.66 7.4% 31.74 9.2% 2 Shenzhen 1.93 7.6% 22.58 1.1% 3 Ningbo 1.23 23.2% 14.80 12.6% 4 Guangzhou 1.31 5.4% 14.20 13.2% 5 Qingdao 1.04 0.9% 13.00 8.2% 6 Tianjin 1.00 9.4% 11.60 15.1% 7 Xiamen 0.62 13.7% 6.45 10.8% 8 Dalian 0.60 33.3% 6.38 21.7% 9 Lianyungang 0.41 61.4% 4.85 25.3% 10 Yingkou 0.37 58.5% 4.15 24.3% Total Top 10 Ports 11.16 12.1% 129.75 10.2% Total Coastal Ports n/a n/a Total River Ports n/a n/a Total All Ports n/a n/a
0.5
1.0
1.5
2.0
2.5
3.0
Jan‐07
Jan‐08
Jan‐09
Jan‐10
Jan‐11
TEU
Millions
Top 9 Container Ports ‐ Monthly Throughput 2007‐2011 (Dec)
Singapore
Shanghai
Hong Kong
Shenzhen
LA/LB
Busan Guangzhou Ningbo
Qingdao
Rank Port 2011 Growth 3Q 2011 Growth 1H 2011 Growth 1Q 2011 Growth
TEU 11/10 TEU 3Q11 TEU 1H11 TEU 1Q11
1 (1) Shanghai 31,739,900 9.2% 23,768,100 10.0% 15,294,900 10.4% 7,271,400 12.1%
2 (2) Singapore 29,937,700 5.3% 22,257,800 4.8% 14,582,400 3.7% 7,067,200 2.1%
3 (3) Hong Kong 24,404,000 3.0% 18,222,000 3.3% 11,858,000 3.9% 5,466,000 0.6%
4 (4) Shenzhen 22,578,275 0.3% 16,902,700 0.2% 10,649,900 1.9% 5,035,300 2.6%
5 (5) Busan 16,145,000 13.7% 12,009,083 13.6% 7,871,231 13.0% 3,724,828 13.9%
6 (7) Ningbo 14,800,000 12.6% 11,210,000 13.4% 7,154,600 14.1% 3,370,500 21.3%
7 (8) Guangzhou 14,200,000 13.2% 10,372,200 13.4% 6,496,800 8.0% 2,875,500 2.1%
8 (6) LA/LB 14,001,602 ‐0.7% 10,488,028 0.5% 6,734,878 4.3% 3,161,838 8.5%
9 (9) Qingdao 13,000,000 8.2% 9,796,000 10.6% 6,566,800 15.6% 3,206,000 17.6%
10 (10) Dubai 9,500,000 10.5% 6,100,000 10.9% 2,965,000 12.1%
11 (11) Ro erdam 11,900,000 6.8% 9,032,052 7.7% 5,954,184 9.8% 2,893,183 10.1%
12 (12) Tianjin 11,605,000 15.1% 8,562,600 16.1% 5,578,000 18.1% 2,641,000 21.7%
13 (14) Port Kelang 7,166,094 8.3% 4,689,322 8.9% 2,260,081 11.7%
14 (13) Kaohsiung 9,636,289 5.0% 7,164,372 5.0% 4,790,576 5.2% 2,278,772 5.2%
15 (16) Hamburg 6,775,986 15.5% 4,362,217 17.9% 2,124,211 18.8%
16 (15) Antwerp 8,638,311 6,548,779 3.1% 4,382,882 4.3% 2,172,323 7.9%
17 (17) Tanjung Pelepas 7,500,000 14.8% 5,379,559 16.0% 3,551,350 16.8% 1,733,233 18.7%
18 (18) Xiamen 6,454,000 10.8% 4,628,200 8.2% 2,871,500 4.9% 1,359,400 5.1%
19 (20) Dalian 6,385,000 21.3% 4,624,100 20.1% 2,904,100 17.9% 1,318,400 12.7%
20 (22) Bremerhaven 4,468,450 23.0% 2,995,282 25.0% 1,414,323 24.9%
21 (21) Laem Chabang 4,310,197 12.2% 2,776,966 10.1% 1,317,182 6.7%
22 (19) NY/NJ 4,116,315 4.5% 2,680,412 8.7% 1,310,954 14.8%
23 (23) Jakarta 4,050,679 18.1% 2,636,003 15.9% 1,269,415 20.8%
24 (24) Tokyo 3,390,921 8.2% 2,206,401 8.6% 1,013,305 6.9%
25 (25) Nhava Sheva 4,307,000 ‐0.1% 3,214,000 0.0% 2,148,000 ‐2.1% 1,063,000 ‐3.7%
Page 25 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Global Port Throughput
Global port throughput includes empty container and transhipment cargo handling
Million TEU by Region 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011F Growth
10/09 Growth 11/10
China & Hkg 40.7 44.5 56.4 69.1 83.8 98.2 117.2 138.4 152.8 143.4 169.8 187.8 18.4% 10.6%
Other NE Asia 34.8 35.8 39.6 42.7 46.4 47.8 50.1 53.3 52.9 46.6 52.9 56.5 13.6% 6.8%
SE Asia 36.1 37.5 41.4 46.2 52.1 55.6 60.2 68.0 73.0 68.3 77.4 83.4 13.4% 7.7%
Middle East 11.1 12.2 13.8 16.6 20.1 22.6 24.4 28.3 31.9 32.0 34.3 36.8 7.3% 7.3%
S Asia 5.5 6.0 6.6 7.3 8.8 10.0 11.9 13.7 14.7 14.4 16.8 18.0 16.2% 7.2%
N Europe 33.6 34.8 37.5 40.6 45.3 49.5 53.9 60.7 61.9 51.7 58.0 62.0 12.3% 6.8%
S Europe 19.5 20.3 22.8 25.6 28.5 30.4 32.9 37.2 37.4 32.3 35.2 37.4 8.8% 6.2%
N America 33.4 33.5 36.2 39.6 43.0 46.6 48.8 49.9 47.8 41.7 47.0 47.4 12.6% 1.0%
C+S America 15.4 16.7 17.7 19.8 23.3 26.3 29.7 33.1 35.9 32.3 37.3 41.1 15.7% 10.1%
Africa 7.9 8.9 9.4 11.1 12.6 14.4 15.9 18.0 21.4 21.1 23.6 25.1 11.5% 6.4%
Oceania 5.5 5.4 5.9 6.7 7.4 7.5 8.0 8.8 9.4 8.8 9.5 9.9 7.9% 4.0% Total 243.5 255.5 287.3 325.3 371.2 408.8 452.8 509.4 538.9 492.6 561.8 605.3 14.0% 7.7%
12.6%
4.9%
12.4%
13.2%
14.1%
10.1%
10.8% 12.5%
5.8%
‐8.6%
14.0%
7.7%
6.5%
‐10%
‐5%
0%
5%
10%
15%
20%
0
100
200
300
400
500
600
70020
00
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011F
2012F
Annu
al Growth Rate
TEU Millions
Oceania
Africa
C+S America
N America
S Europe
N Europe
S Asia
Middle East
SE Asia
Other NE Asia
China + Hkg
Annual Growth
China + Hkg 31.0%
Other NE Asia 9.3%
SE Asia 13.8% Middle East
6.1%
S Asia 3.0%
N Europe 10.2%
S Europe 6.2%
N America 7.8%
C+S America 6.8%
Africa 4.1%
Oceania 1.6%
Breakdown by Region (2011F)
Page 26 © Copyright Alphaliner 1999-2012 Unauthorised re-distribution prohibited
ALPHALINER Monthly Monitor January 2012
Trade Summary : Far East‐US East Coast as at 1 January 2012
Notes: ► Grand Alliance merged SCE1 and SCE2 into new SCE in Nov 2011 ► CKYH suspended AWE‐5 service via Suez in Nov 2011 and merged with AWE‐4/SVE service
As at 1 Jan 2012Alphaliner ‐ Port Matrix ‐ Far East‐East Coast North America
Operator Svc Code Ships DeployedAve. TEU per week
Sing
apore
Tanjun
g Pe
lepa
sLaem
Cha
bang
Cai M
ep
Hong
Kon
g
Yantian
Chiwan
Shekou
Dachan
Bay
Nan
sha
Taipei
Kaoh
siun
g
Xiam
en
Ningbo
Shan
ghai
Qingd
ao
Busan
Pyon
gtaek
Kobe
Osaka
Nagoya
Yoko
hama
Tokyo
Tang
ier
Cagliari
Jedd
ahJebe
l Ali
Karachi
Salalah
Colombo
Port Said
Freepo
rt(Bah
)Vo
stochn
yCo
lon‐Co
co Solo
Cristoba
lMan
zanillo
(P)
Lazaro Carde
nas
Ensena
daBa
lboa
King
ston
Los An
geles
Oakland
Seattle
Savann
ah
Charleston
Baltimore
Hou
ston
Mob
ileMiami
Jacksonv
ille
Wilm
ington
Norfolk
New
York
Boston
Halifa
x
Services via Panama Canal
Evergreen AUE 8 x 4,200‐5,000 4,449 2 3 1 4 1/5 2 4 3
Evergreen NUE 9 x 4,200 4,227 6 5 4 3 2 1/7 1/5 6 7 2 3 4
CSCL/Evergreen AAE 1/AUE 2 9 x 3,500‐4,300 4,053 4 3 2 1 3 4 2 1
Maersk TP‐7 9 x 5,000 5,063 4 6 5 3 7 8 2 1 5 2 3 1/4
Grand Alliance NCE 9 x 4,900 4,922 3 4 2 1 5 1 4 3 2
Grand Alliance PAX 14 x 4,600‐4,800 4,681 5 4 6 3 2/7 8 1 9 4(5) 3 (6) 2(7) 1 5(4) 6(3) 7(2) 8(1)
Grand Alliance/Zim SCE 8 x 4,700‐5,000 4,902 5 6 4 3 2 1 1/8 2/7 6 5 4 3
New World Alliance NYX 9 x 4,400‐4,900 4,685 5 4 6 3 2 1 1/7 8 4 6 5 3 2
New World Alliance APX 13 x 4,600‐5,000 4,806 4 3 5 6 2/7 1/8 2(4) 1(5) (6) (7) 5 6(3) 3 4 (2) 7(1)
CKYH Alliance AWE 1 10 x 4,000 4,101 3 4 1/5 2 4 3 2 1
CKYH Alliance AWE 2 9 x 3,800‐5,100 4,477 3 2 1 4 2 1 3 4 5 6
CKYH Alliance AWE 3 9 x 3,700‐4,400 4,129 1 2 3 4 5 1 2 3
Zim ZCP 10 x 5,000 5,011 1 2 3 9 1 2/6 7 8 3 4 5
Services via Suez Canal
Maersk/CMA CGM TP‐3/Columbus 16 x 6,600‐8,600 8,254 6(1) 4(2) 5(3) 3 2(4) (5) 1 (also serves USWC on Transpacific leg) 3 2 1
Grand Alliance AEX 10 x 5,300‐5,900 5,754 1/4 3 2 2(1) (2) 1(3) 3 4 2/5 1/6
New World Alliance SZX 9 x 4,400‐5,100 4,809 1 (2) (3) 1 2(1) 3 2 4 1
CKYH/MOL AWE 4/SVE 9 x 5,600‐6,600 5,772 1/6 2 4 5 3 4 3 2 1
MSC Golden Gate 12 x 6,700‐9,600 8,033 1/9 3 8 2/6 5 4 (2) 1 (3) (1) 4 2 3 1
Round‐The‐World Services via Panama and Suez
CMA CGM PEX 3 11 x 4,300‐5,100 5,013 1 2 3 4 5 6 (1) (2) 1 6 7 2 3 4 5 8
Sequence of port calls indicated for Far East and East Coast North America port range as well as wayports (Numbers in brackets denote westbound calls) only.
Total no. of weekly calls at each port (incl. double calls) 8 2 1 2 13 11 4 2 1 1 1 7 3 8 14 3 12 1 4 2 1 4 5 1 2 2 2 1 1 4 2 1 1 4 1 10 1 1 6 4 5 5 1 18 9 2 1 1 6 4 2 14 20 1 5
All information above is given as guidance only and in good faith without guarantee © Alphaliner
Wayports ‐ Panama Route ECNASE Asia South China/Taiwan C&N. China Korea Japan Wayports ‐ Suez Route