IUMI Facts & Figures Committee World Fleet Statistics Prepared - PDF document

IUMI Facts & Figures Committee World Fleet Statistics Prepared by IUMI

Casualty Statistics Total Loss Trends

Total Losses 1980 – 2007 By Number Vessels > 500 GT Number 250 225 200 175 150 125 100 75 50 25 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 Bulkers Tankers Other Cargo Others Total Source: LMIU, total losses as reported in Lloyds List

Total Losses 1980 – 2007 By Tonnage Vessels > 500 GT GT (000's) 2,000 1,750 1,500 1,250 1,000 750 500 250 0 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 Bulkers Tankers Other Cargo Others Total Source: LMIU, total losses as reported in Lloyds List

Total Losses 1994 – 2007 As % of World Fleet Vessels > 500 GT % of World Fleet 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 4 5 6 7 8 9 0 1 2 3 4 5 6 7 9 9 9 9 9 9 0 0 0 0 0 0 0 0 9 9 9 9 9 9 0 0 0 0 0 0 0 0 1 1 1 1 1 1 2 2 2 2 2 2 2 2 in % of Vessels in % of GT Source: LMIU, total losses as reported in Lloyds List

Total Losses 1999 – 2007 As Percentage of World Fleet Tankers Vessels > 500 DWT % of World Fleet 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 9 0 1 2 3 4 5 6 7 0 0 0 9 0 0 0 0 0 9 0 0 0 0 0 0 0 0 1 2 2 2 2 2 2 2 2 in % of Vessels in % of DWT Source: LMIU, total losses as reported in Lloyds List

Total Losses 1999 – 2007 As % of World Fleet Bulkers Vessels > 500 DWT % of World Fleet 0.6% 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 9 0 1 2 3 4 5 6 7 9 0 0 0 0 0 0 0 0 9 0 0 0 0 0 0 0 0 1 2 2 2 2 2 2 2 2 in % of Vessels in % of GT Source: LMIU, total losses as reported in Lloyds List

Total Losses 1998 – 2007 Bulk Carriers Age / Type Profile Vessels > 500 GT % of World Fleet 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 0-4 yrs 5-9 yrs 10-14 yrs 15-19 yrs 20-24 yrs 25 yrs + 1998-2002 2003-2007 2007 Only Source: LMIU, total losses as reported in Lloyds List

Total Losses 1998 – 2007 Tankers Age / Type Profile Vessels > 500 GT % of World Fleet 0.5% 0.4% 0.3% 0.2% 0.1% 0.0% 0-4 yrs 5-9 yrs 10-14 yrs 15-19 yrs 20-24 yrs 25 yrs + 1998-2002 2003-2007 2007 Only Source: LMIU, total losses as reported in Lloyds List

Total Losses 1998 – 2007 By Cause, All Vessel Types Vessels > 500 GT W eather Grounding Fire/explosion Collision/contact Hull Damage ` Machinery Other 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Frequency ( % of all total losses) 1998-2002 2003-2007 2007 Only Source: LMIU, total losses as reported in Lloyds List

Serious Loss Trends Casualty Statistics (as defined by LMIU)

Serious and Total Losses 1994 - 2007 By Number vessels > 500 GT Number of Incidents 1200 1000 800 600 400 200 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Total Loss Serious ex TL Total Source: LMIU

Serious and Total Losses Indexed Against Fleet 1998 - 2007 300 250 200 I ndex 150 100 50 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Incidents Pop 1998 = 100

Serious and Total Losses By Age 1994 - 2007 No. of Incidents 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 0 to 4 5 to 9 10 to 14 15 to 19 20 to 24 25 to 29 30+ Years Serious ex TL ATL (Actual Total Loss) CTL (Constructive Total Loss) Com (Compromised Total Loss) Source: LMIU

Serious Losses 1998 – 2007 By Cause, All Vessel Types Vessels > 500 GT Weather Grounding Fire/explosion Collision/contact Hull Damage ` Machinery Other 0% 5% 10% 15% 20% 25% 30% 35% Frequency (% of all serious and total losses) 1998-2002 2003-2007 2007 Only Source: LMIU

Fleet Information

Tanker Flt (No.) 7,000 6,000 5,000 Flt 4,000 Flt Deliveries No 3,000 Scrapped 2,000 1,000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 -1,000 Tanker Flt DWT(M) 500 400 300 Flt Dwt (M) Deliveries 200 Scrapped 100 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 -100 Source: Clarksons

Bulker Flt (No.) 8,000 7,000 6,000 5,000 Flt 4,000 Del No 3,000 Scrap 2,000 1,000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 -1,000 Bulker Flt DWT(M) 450 400 350 300 Flt 250 Dwt (M) Del 200 Scrap 150 100 50 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 -50 Source: Clarksons

Container / Multi Purpure Flt (No.) 8,000 7,000 6,000 5,000 Flt 4,000 Del No 3,000 Scrap 2,000 1,000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 -1,000 ContaIner/ Multi Purpose Flt TEU 12000 10000 8000 Flt 6000 TEU (M) Del Scrap 4000 2000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Source: Clarksons -2000

Tanker / Bulker / Container / Multi Purpure Fleet - Numbers 25,000 20,000 15,000 Flt Del No 10,000 Scrap 5,000 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 -5,000 Source: Clarksons

Construction Statistics

Construction Activity (Order Book @ 1 st October 2007) N o .V s l P e rR e g io n C G T P erR eg io n A m eric as A m eric as S outh K orea 2% 1% C hina 23% S outh K orea C hina 28% 36% 34% O ther 2% Japan E urope/S c andinavia O ther 16% 11% Far E as t E urope/S c andinavia 1% F ar E as t Japan 5% 15% 8% 18% Avg.CGT per Region 35,000 30,000 CGT = Compensated 25,000 Gross Ton 20,000 Avg.CGT For conversion factors 15,000 between GT and CGT 10,000 see e.g.: 5,000 http://www.coltoncomp 0 Europe/ Scandinavia South Korea Americas China Far East Japan Other any.com/shipbldg/stati stics/cgtfactors.htm Source: Clarkson

Construction Activity (Order Book @ 1st October 2007) No.Vsl Type CGT Vsl Type Tanker Tanker Bulker Bulker 14% 17% 25% 25% Other Other 10% 18% Gas Chemical Chemical Gas 9% 13% 10% 4% Cruise/Ferry Cruise/Ferry Container/GenCgo Container/GenCgo 3% 1% 25% 26% Avg CGT Per Vsl type 60,000 50,000 40,000 30,000 20,000 10,000 0 r l o y s r r a e r e e g a k c r h k C e G l i m t n u F n O a B / e e e T h G s C / i r u e r C n i a t n o C Source: Clarkson

Average New Building Values 120,000 Total Value of New 100,000 Buildings in 2007 = 80,000 USD (m) USD446bn 60,000 40,000 20,000 0 Bulker Chemical Container/GenCgo Cruise/Ferry Other Tanker Gas 180,000 160,000 140,000 120,000 USD (m) 100,000 80,000 60,000 40,000 20,000 0 r a s a a t n s e a n i a e v a h c p r i a h E t o i n a O r C K e r J i d a m h n F t A a u c o S S / e p o r u E Source: Clarkson

Freight Rates

Freight Rates Tanker Earnings US$ per Day 70,000 60,000 50,000 40,000 W eight ed Average Average Earnings 30,000 20,000 Average Earnings are estimated as daily timecharter equivalents (tce) fo voyage freight rates, 10,000 excluding waiting time, off-hire etc., and expressed in $ per day on the 0 voyage. Average Earnings for each ship type 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 are simple averages of the voyage earnings for that ship type . Source: Clarkson

Freight Rates Bulk Carrier Earnings US$ per Day 45,000 40,000 35,000 30,000 25,000 Weighted Average 20,000 Average Earnings are estimated as 15,000 daily timecharter equivalents (tce) fo voyage freight rates, excluding waiting time, off-hire etc., 10,000 and expressed in $ per day on the voyage. 5,000 Average Earnings for each ship type are simple averages of the voyage earnings for that ship type . 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Source: Clarkson

Freight Rates Clarksea Index US$ per Day 35,000 30,000 25,000 20,000 Clarksea Index 15,000 10,000 The Clarksea Index is a weighted average of earnings for all the main commercial vessel types, 5,000 where the weighting is based on the number of vessels in each fleet sector. 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Source: Clarkson

Bulk Carrier Values Newbuilding (NB) versus Secondhand Prices $ per DWT 1400 1200 1000 800 Second NB 600 400 200 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Source: Clarkson

Tanker Values Newbuilding (NB) versus Secondhand Prices 900 800 700 600 $ per DWT 500 Second 400 NB 300 200 100 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Source: Clarkson

Demolition and Scrapping

Demolition – Vessels Scrapped By Number and Tonnage Vessel Scrapped (Numbers) 300 250 Tanker 200 Bulker No 150 100 50 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Vessels Scrapped (DWT) 25 Tanker 20 Bulker 15 10 5 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 Source: Clarkson

Demolition Tanker & Bulk Carrier Scrap Prices 600 500 400 $ per LDT Tankers 300 Dry Bulk 200 100 0 2001 2002 2003 2004 2005 2006 2007 Source: Clarkson

Demolition Newbuilding (NB) versus Scrap Prices Index 400 350 300 250 Scrap Index 200 NB Index 150 100 50 0 2001 2002 2003 2004 2005 2006 2007 Source: Clarkson