FOCUSED. DIVERSIFIED. COMPETENT. TRUSTWORTHY. DVB research video Henriette Brent-Petersen on product & chemical tankers

Transcription

1 FOCUSED. DIVERSIFIED. COMPETENT. TRUSTWORTHY. DVB research video Henriette Brent-Petersen on product & chemical tankers Frankfurt/Main, November 217

2 Product tanker Earnings Product tanker freight rate Index Handy MR LR1 LR2 Average Earnings Source: Clarksons, DVB Shipping and Offshore Research Page 2

3 Product tanker Demand Product tankers cargo volume demand distribution by vessel types mn tonnes CAGR: 4.2% (E) 217(E) 218(E) 219(E) LR2 LR1 MR Small Sources: MSI, Jodi, LloydsList Intelligence and DVB Shipping and Offshore Research Page 3

4 Product tanker Supply Product tanker fleet growth ' dwt % e 218e 219e Scrapped: Long Range2 (8,- 12, dwt) Scrapped: Long Range1 (6,- 79,999 dwt) Scheduled Deliveries: Long Range2 (8,- 12, dwt) Scheduled Deliveries: Long Range1 (6,- 79,999 dwt) Delivered: Long Range2 (8,- 12, dwt) Delivered: Long Range1 (6,- 79,999 dwt) Scrapped: Small Tankers (< 1, dwt) Scrapped: Short Range (1,- 29,999 dwt) Scrapped: Medium Range (3,- 59,999 dwt) Scheduled Deliveries: Small Tankers (< 1, dwt) Scheduled Deliveries: Short Range (1,- 29,999 dwt) Scheduled Deliveries: Medium Range (3,- 59,999 dwt) Delivered: Small Tankers (< 1, dwt) Delivered: Short Range (1,- 29,999 dwt) Delivered: Medium Range (3,- 59,999 dwt) Y-O-Y Fleet Growth (right axis) 3% 25% 2% 15% 1% 5% % -5% Source: IHS, Clarksons, DVB Shipping and Offshore Research Page 4

5 Product tanker Outlook Product tanker supply and demand growth Average annual change, % 2% 16% 12% 8% 4% % (E) 218(E) 219(E) Demand % Supply % Sources: MSI, LloydsList Intelligence and DVB Shipping and Offshore Research Page 5

6 Trade in chemicals mn tonnes % 35 6% 3 5% % 3% 2% 5 1% E 218E 219E % Organic Chemicals Inorganic Chemicals Edible Oils Other Chemical Cargoes Growth in Trade, RHS Sources: MSI, DVB Shipping and Offshore Research Page 6

7 Supply side of chemical tankers mn dwt % 6 25% 5 2% 4 15% 3 2 1% 1 5% E 218E 219E % Chemical Fleet Orderbook (% of Fleet), RHS Sources: MSI, DVB Shipping and Offshore Research Page 7

8 Cycle indicator of chemical tankers Indicator , , , ,5.95,95.85,85.75,75.65, E 218E 219E Cycle of Chemical Tankers Mid Cycle Sources: MSI, DVB Shipping and Offshore Research Page 8

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