Today was the final day of Sea Asia 2009 (Tuesday's and Wednesday's coverage). I have many one-on-one discussions with shipping industry leaders, and I have information in my head that I do not know what to do with (such as German KG's which have added to the oversupply of new vessels)..
This is an industry in crisis due to a recessionary downturn hitting coincident with a massive oversupply of equipment.
I was able to get a copy of the presentation materials of Dagfinn Lunde (Member of the Board of Managing Directors and the Head of Shipping of DVB Bank SE). Toby Ingram of Helix Media kindly provided copies of the presentation materials.
click to enlarge images
The second chart shows the existing Dry Bulk fleet and its age, and the quantity of new vessels in fabrication.
The third chart is the large tankers in fabrication. As you can see, this segment is not in as bad as shape as the Dry Bulk ships or container ships. A large number of the existing containers are single hull which are nearing an international moratorium on their use.
The fourth chart is an update of the container counts through various international ports updated through the first quarter of 2009.
The final chart is comparing the workhorse size 8000 teu size container ships existing and on order. New builds in fabrication exceeds the size of the existing fleet.