Research and Markets: The Shipping Industry

DUBLIN--(BUSINESS WIRE)-- Research and Markets (http://www.researchandmarkets.com/research/5eabb7/the_shipping_indus) has announced the addition of the "The Shipping Industry" report to their offering.

The Shipping Industry Sailing through Turbulent Waters

The Shipping industry being highly co-related to the developments in world trade, therefore, any adversities in the global economic growth adversely affects the prospects of global shipping fraternity thereby explaining the cyclic nature of the shipping industry. With the world economy registering y-o-y GDP de-growth of 2.3% during CY09, the sea-borne trade almost came to a standstill during H1CY09. The top global merchandise importing nations i.e. U.S., China and Germany reported y-o-y de-growth in imports ultimately resulting in subdued export performance by the global leading merchandise exporting nations such as China and Germany.

During CY09, the Petroleum, Oil & Lubricants (POL) demand remained subdued across the globe with the global oil demand averaging 85 mb/d recording y-o-y de-growth of 1.4%. Notably, the OECD nations reported sharp decline in oil demand while the demand in the non-OECD nations remained strong comparatively owing to the prospects of faster economic recovery as compared to the developed nations in the OECD. Corresponding to the declining demand, the supplies remained restrained with OPEC oil supplies recording y-o-y de-growth of 6.2% partly offset by marginal increase in supplies from the non-OPEC nations at y-o-y growth of 1.6%. With vessel deliveries in this segment remaining steady, the freight rates of wet bulk vessels, say, VLCC declined from US$30,000-35,000/ day during Q1CY09 to US$15,000-20,000/ day during Q4CY09. The decline in freight rates and increase in vessel operating expenses induced the shipowners to scrap vessels. During CY09, the vessel scrapping volume aggregated 4.3 mn GT, recording a sharp y-o-y increase of 104.7%.

Section I: Outlook

This section sub-divided into two broad heads illustrates the future prospects of the global as well as Indian shipping industry
Estimates of growth in global sea-borne trade and world fleet size projections uptill CY12
Estimates of over-capacities in global shipping during CY10-CY13 based on a combined mix of factors such as forecasts of world fleet size, sea-borne trade growth, scrapping etc.
Second-hand vessel purchase v/s new-build vessel purchase: Cost-benefit analysis uptill CY13
Outlook based on vessel segment i.e. wet bulk carriers, dry bulk carriers and containerships
Growth prospects of the Indian shipping industry

Section II: Market Trends CY09

Snapshot of global merchandise trade (imports & exports)
Developments in Wet bulk, Dry bulk and Containership vessel segment focusing on pattern of trade flow of commodities (i.e. POL, Iron-ore, coal, grain etc.), new-build orders, vessel deliveries, scrapping volumes, asset prices & investments
Wet bulk, Dry bulk and Containership volumes at major Indian ports
Cost Analysis of players in the Indian shipping industry

Section III: Trend Analysis

Analysing trends in global and Indian maritime trade based on study of world fleet size (vessel-wise and age), operating efficiency of world fleet, historic relationship between world economic growth and growth in global sea- borne trade

Section IV: Industry Basics

Classification of ship type based on cargo carrying capabilities
Comment on features inherent to the shipping industry such as Capital Intensive, Pricing Power, and Ways of Deployment etc.
Overview of common shipping practices i.e. vessel flag, flag of convenience etc.

Section V: Review of Indian Shipping Companies

In-depth study of the players in the Indian shipping industry i.e. Shipping Corporation of India (SCI), Great Eastern Shipping (GE Shipping), Mercator Lines Ltd. (MLL) with particular emphasis on their operational and financial performance (FY07- FY09), tonnage owned, fleet composition (by vessel-type and age), new-build vessel orders placed etc.

Companies Mentioned:

Shipping Corporation of India (SCI)
Great Eastern Shipping Company Ltd. (GE Shipping)
Mercator Lines Ltd. (MLL)
Inter firm Comparison

For more information visit http://www.researchandmarkets.com/research/5eabb7/the_shipping_indus

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Source: Research and Markets