Alphaliner Newsletter no 29

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ALPHALINER
Volume 2014 Issue 29
15.07.2014 to 21.07.2014
Weekly Newsletter
Web: www.alphaliner.com
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Chart of the week
Non-Operating Owner Capacity Operated as at July 2014
• At
the time of its IPO in 2005,
Seaspan's fleet numbered ten
vessels for a total capacity of
51,000 teu. Since then, it grew
relentlessly, both through ordering new ships and through second hand acquisitions.
• In
July 2014, the Seaspan-managed fleet has reached 78 units
for 474,000 teu - making Seaspan
the largest non-operating owner
by capacity. Seaspan’s orderbook of 31 ships for 371,000 teu
is also the largest among all nonoperating owners.
0.80
Orderbook TEU
Current TEU
0.70
•
•
0.60
ALPHALINER
•
The NOO fleet includes vessels commercially managed on
behalf of third party owners
E.R. Schiffahrt (Erck Rickmers) and Ernst Komrowski’s fleets
merged under Blue Star Holding in July 2012.
Zodiac Maritime and Eastern Pacific Shg fleet split in July 2013.
0.50
0.40
0.30
0.20
0.10
0.00
Seaspan
Offen, Claus Peter
Blue Star Holding
Peter Döhle/Hammonia
Costamare Shg
Niederelbe (NSB)
Rickmers Group
Danaos Shg
Norddeutsche R. H. Schuldt
Schulte Group
Zodiac Maritime
Shoei Kisen
Eastern Pacific Shg (EPS)
Technomar Shg
Ahrenkiel Steamship
Hansa Shg
Enesel
Niki Group
NSC Schiffahrt
Thomas Schulte
Nissen Kaiun
XT Shipping
Leonhardt & Blumberg
Schoeller Holdings
Synergy Management
Hermann Buss
Int'l Maritime Ent.
Global Ship Lease
Laeisz Schiffahrts
Oltmann Schiffahrt
Corp. was established
in May 2005 and completed its
initial public offering on the New
York Stock Exchange on 8 August 2005. The company is managed from Canada by Vancouverbased Seaspan Ship Management Ltd. Its forerunner, Seaspan
Container Lines (SCL), was
formed in 2000 in Canada to own
and operate containerships.
Capacity in TEU Millions
0.90
• Seaspan
Seaspan grabs lead in NOO fleet ranking
INSIDE THIS ISSUE:
NOO rankings in flux
1
Non--operating owners bear the brunt 3
Non
of idling pain
Charter rates remain under pressure
Service Updates
6
Wan Hai and PIL to resume Bandar
Abbas call on CMS
Evergreen revives Far East-Southern
Red Sea link
UASC, Evergreen and Hanjin merge
Med-WAF loops
Cheng Lie adds a further ChinaHaiphong link
Seatrade acquires container vessel
newbuildings
Maersk swaps Auckland and Tauranga between its two NZ relay loops
Delivery/New Order Updates
9
July deliveries
COSCO plans 14,000 teu newbuilding
program
Ningbo Ocean Shipping adds 1,100
teu orders
Seaspan this month climbed to the top of the Alphaliner Non-Operating Owner
(NOO) league, relegating Claus Peter Offen to the second slot. Seaspan currently manages 79 containerships for 484,000 teu and its orderbook of 30
ships for 361,000 teu is the largest among all NOOs. The company’s total fleet
is expected to swell to over 100 ships for 800,000 teu by 2016. Seaspan’s fleet
includes 75 vessels under direct control as well as four ships and 17 orders
managed on behalf of Greater China Intermodal Investments (GCII), an investment vehicle in which Seaspan holds a 10.3% share. GCII was established in
2011 by the Carlyle Group together with the Tiger Group and the Washington
family to focus on new containership investments.
For the first time ever since the 1970s, when the containership charter market
took off, a non-German owner now leads the NOO league. Seaspan’s relatively
young fleet, with an average age of only seven years and an average vessel size
of 6,000 teu, and its significant orderbook should keep Seaspan at the top spot
for the next few years.
Although German Non-Operating Owners still account for 51% of the charter
market fleet capacity, their influence is waning: Their ownership share has
dropped from 61% in 2008 and the German owners’ share of ships on order for
the charter market stands at only 8%. Presently, 14 out of the top-30 NOOs are
non-German and market share of these companies will increase further as they
account for 87% of the top-30 NOO’s total orderbook. Furthermore, the German
owners’ share is expected to fall as a result of the disposal of older ships and
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