SHIPPING MARKET OUTLOOK Bulkcarrier Fleet by Type Bulkcarrier Fleet Development 850 m dwt 180 m dwt 800 ■■■■■■■■■■ year to date 750 Fleet figures are for end-year 160 700 2014-15=Forecasts. 6E:S5:80 102/60/9L lou suosxB'MM/dny 650 140 600 Contracting 550 120 500 Capesize,100K+dwt 450 100 400 Scrapping 350 80 Panamax,65-100K dwt Deliveries 300 250 % Losses 200 40 150 Handymax,40-65Kdwt 100 99g00gg0g00009 20 50 Handysize,<40K dwt 0 v s Licensed to Shanghai Maritime University.Distribution is restricted:please Source:Clarkson Research Services Source:Clarkson Research Services Figure 1.5.3 Figure 1.5.4 Bulk Orderbook as of Fleet Panamax Prices T/C Rates of fleet 1 million $,000/d 130% 80 120% 90 令 110% Capesize 80 64 100% 70 remember to acknowledge the sourde. 5 Year Old 90% 56 80% 60 48 709% early-80s b uilt 50 40 60%6 20 yr old 50% 32 30 24 % Panamax 20 16 20% 10 10% Handys 1 Yeartc 0% 0 0 名 8 9 8 1221630354:804102905.ht ht Source:Clarkson Research Services Source:Clarkson Research Services Figure 1.5.5 Figure 1.5.6 Clarkson Research Services Spring 2014 19Clarkson Research Services Spring 2014 19 SHIPPING MARKET OUTLOOK Figure 1.5.5 Figure 1.5.6 0 20 40 60 80 100 120 140 160 180 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 m dwt Source: Clarkson Research Services Bulkcarrier Fleet Development Contracting Deliveries Scrapping Losses year to date 0 50 100 150 200 250 300 350 400 450 500 550 600 650 700 750 800 850 1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 m dwt Source: Clarkson Research Services Bulkcarrier Fleet by Type Fleet figures are for end-year. 2014-15 = Forecasts. Handymax, 40-65K dwt Panamax, 65-100K dwt Capesize, 100K+ dwt Handysize, <40K dwt Figure 1.5.3 Figure 1.5.4 08 16 24 32 40 48 56 64 72 80 0 10 20 30 40 50 60 70 80 90 100 Jan-91 Jan-93 Jan-95 Jan-97 Jan-99 Jan-01 Jan-03 Jan-05 Jan-07 Jan-09 Jan-11 Jan-13 $ million $ ,000/d Source: Clarkson Research Services Panamax Prices & T/C Rates 1 Year t/c 5 Year Old early-80s built 20 yr old 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 110% 120% 130% Jan-00 Jan-01 Jan-02 Jan-03 Jan-04 Jan-05 Jan-06 Jan-07 Jan-08 Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 % of fleet Source: Clarkson Research Services Bulk Orderbook as % of Fleet Capesize Panamax Handys Licensed to Shanghai Maritime University. Distribution is restricted; please remember to acknowledge the source. http://www.clarksons.net 15/09/2014 08:45:39 36122 Licensed to Shanghai Maritime University. Distribution is restricted; please remember to acknowledge the source. http://www.clarksons.net 15/09/2014 08:45:39 36122