Industry News

The shipping industry has been the worst period in the past?

Publish: 2016-06-04  Views: 866
With the asset value of the ship bottoming out, increased liquidity, market confidence, the shipping industry, the worst is over.


It is reported that the trade winds, Norges Bank analyst Vidar Andersen and Alex Ryland recently said that with the asset value of the ship bottoming out, increased liquidity, market confidence, the shipping industry, the worst is over. Nevertheless, they also acknowledged that in the short term, the shipping market is difficult to return to prosperity a decade ago.


Norges Bank said in a report on its recently released, said the rapid growth of the bulk carrier fleet situation has come to an end, the market demand continues to grow, so optimistic about the bank bulk carrier market. Over the past six years, despite the bulk carrier fleet growth has exceeded the demand curve, but this phenomenon has been changed in 2013. 2013, bulk transport market ton-mile demand increased by 8%, exceeding the 6% increase in supply capacity.


Norges Bank expects 2014 supply capacity growth of about 2 percent, well below the 10.6% of the ton-mile demand growth. In terms of assets, the bank believes that the purchase of modern Used boats return on investment may be more environmentally friendly than custom-made boat. It is estimated that environmental protection can only ship to save 10-15% of the transportation costs, and can not be achieved before the touted 30 percent so high. Last September, a number of Chinese and Japanese shipyards had revealed that Norwegian banks, energy saving and environmental protection vessel efficiency of about 10%.


Norges Bank pointed out that, apparently, a new creation and environmental protection vessels as compared to delivery delays, the market prefers to be able to produce high-quality second-hand ship cash flow. Over the past year, a new creation Capesize bulk carrier prices rose 16 percent, while the age of the ship Capesize price increase in 10 years is 48%. It can be seen rising in the market cycle, can be put into operation immediately have vessels more profitable.


Nevertheless, Norwegian banks are not optimistic about the future trend of container ships and LNG carriers. Andersen noted groupage market is still facing difficulties, large enterprises are considering selling non-core assets, optimize business structure. At the same time, he also said, LNG production bases to postpone production, but they have delivered on LNG ships, and the market is difficult to improve profitability in the coming year.