Annual Reefer Shipping report - in conjunction with Sextant Consultancy Ltd - examines the refrigerated shipping market. The logistics of the reefer industry
The demand for cargo
The supply of tonnage
Specialised reefer vessels
Reefer containers
Reefer ship economics
The future of the reefer industry
Product Description
Through detailed research and analysis the report examines the crucial factors and industry sectors of the reefer market.
The logistics of the reefer industry:
The dramatic changes in logistical demands over the last five years The industry’s reaction to these demands Consolidation amongst owners and operators - both in the container and specialised reefer industries
The demand for cargo:
Break-down of reefer trade commodities Trade routes and the major import regions Increase of seaborne reefer trade External factors influencing growth levels
The supply of tonnage:
Decline of specialised reefer fleet Developments and innovations for the reefer fleets
Move towards containerisation
The Reefer Shipping report provides key insights into the industry and the future growth of the market. Its data and analysis include: Analysis of historic reefer cargo growth and forecast continued growth to 2015 Percentage increase of container tonnage to 2010 Factors affecting the long-term growth of the industry including lack of investment in the specialised reefer industry Factors affecting the future of the reefer industry including consolidation and investment
Main findings
Reefer Shipping 2006/07 report provides an independent and detailed assessment of the reefer market, analysing its current status in light of reports elsewhere of its pending demise. The move towards containerisation is balanced by a call for initiatives to boost the future growth of the reefer industry. Focussing on the changing patterns in the cold chain, the report will evaluate the logistics of the reefer industry, the demand for cargo, the supply of tonnage, reefer ship economics and the future of the reefer industry.
Logistics
Analysing the dramatic changes in the reefer industry due to demand driven by receivers of the cargo, particularly the UK supermarkets. It notes the current degree of consolidation amongst owners and operators, increasing market opportunities and economies of scales.
Demand for cargo
World trade in reefer cargoes has increased from 72.2 million tonnes in 1994 to 105.4 million tonnes in 2004 - a compound annual growth of approximately 3.9 per cent. Positive growth rates are expected to continue with an average annual increase of 3.7 per cent between 2005 and 2015. Based on these findings, the report is able to project future levels of world reefer imports and estimates world reefer trade growing from 108.6 million tonnes in 2005 to 156.2 million tonnes in 2015.
Supply of tonnage
The specialised reefer fleet (of vessels greater than 100,000 cubic feet) has declined in number from a level of 880 vessels on the 1st January 1999 to 791 vessels on the 1st January 2006. Conversely, the container fleet has increased significantly - approximately 3,600 vessels on 1st January 2006 and a further 1,200 or so on order at that time. As a consequence, container capacity - in TEU terms - is forecast to increase by over 50 per cent between 2006 and 2010. The existing container fleet provides 1.05 million TEUs of reefer capacity, offering approximately 1,052 million cubic feet of reefer capacity. The specialised reefer fleet provides 291 million cubic feet of under-deck capacity equalling 22 per cent of overall reefer capacity.
Reefer industry outlook
The report predicts the stagnation - and eventual reduction - of the specialised reefer fleet, whilst container capacity will increase over the next three to four years. Cargo volumes are forecast to increase and while this will inevitably lead to a reduction in market share for the specialised reefer vessels, it may not result in a reduction in actual tonnage carried by the specialised reefer fleet.
Despite successful efforts to consolidate and cut costs, future initiatives are crucial to the survival of this market. The specialised reefer industry needs to focus on alternate ways of ensuring its longevity to maintain healthy competition in the reefer market.
1. Executive summary
2. Shipping & transportation operators and logistics
2.1 Introduction
2.2 Reefer vessel operators
2.2.1 Seatrade
2.2.2 NYKCool
2.2.3 Star Reefers
2.2.4 Frigoship Chartering GmbH
2.2.5 Eastwind
2.2.6 Green Reefers
2.3 Logistics
2.4 The influence of the supermarket
2.5 The influence of the terminal
3. Commodities
3.1 Introduction
3.2 Bananas
3.2.1 Banana “majors”
3.2.1.1 Chiquita Brands
3.2.1.2 Del Monte
3.2.1.3 Dole
3.2.1.4 Fyffes
3.3 Citrus
3.4 Deciduous
3.5 Exotics
3.6 Fish and seafood
3.7 Meat and poultry
3.8 Dairy products
3.9 Other reefer commodities
3.9.1 Tomatoes
3.9.2 Frozen potatoes
3.9.3 Stone fruit and berries
3.9.4 Fresh vegetables
3.9.5 Frozen vegetables
3.10 Total world wide perishable reefer trade summary
3.11 Total estimated seaborne perishable reefer trade summary
4. Specialised reefer and freezer fleet – shipping capacity
4.1 Introduction
4.2 The specialised reefer and freezer fleet
4.2.1 The reefer and freezer fleet today
4.2.2 The evolution of the specialised reefer fleet
4.2.3 The future specialised reefer fleet
4.3 On-deck reefer capacity
4.4 Technical developments and innovations
5. The world container fleet
5.1 Introduction
5.2 Container fleet growth
5.3 The world container fleet today
5.4 World container trade and port volumes
5.5 Reefer capacity analysis – reefer container fleet compared to specialised reefer and freezer fleet
5.6 North – South trade analyses
5.6.1 Australasia
5.6.1.1 Supply
5.6.1.2 Demand
5.6.2 East Coast South America
5.6.2.1 Supply
5.6.2.2 Demand
5.6.3 West Coast South America
5.6.3.1 Supply
5.6.3.2 Demand
5.6.4 South Africa
5.6.4.1 Supply
5.6.4.2 Demand
5.6.5 West Africa
5.6.5.1 Supply
5.6.5.2 Demand
5.7 The future reefer containership fleet
5.8 The supply and demand (in) balance
5.9 Containership operators – financial data
5.10 Container ship charter, sale and purchase rates
5.11 Technical developments and innovations
6. Reefer ship economics
6.1 Reefer ship operating costs
6.1.1 Manning costs
6.1.2 Insurance costs
6.1.3 Repair and maintenance (R&M) costs
6.1.4 Other operating costs
6.1.5 Total operating costs
6.2 Reefer ship voyage costs
6.2.1 Bunker costs
6.2.2 Other voyage costs
6.3 Reefer ship capital (acquisition) costs
6.3.1 Reefer ship newbuilding prices
6.3.2 Reefer ship secondhand prices
7. Reefer shipping – a forward view
7.1 Introduction
7.2 The supply – tonnage
7.3 The demand – cargo
7.4 Modal split
7.5 Industry issues
7.5.1 The “green” issue
7.5.2 The Panama canal issue
7.6 Specialised reefer charter rates
7.7 Conclusion
Appendices
1 Seatrade fleet list as at June 2007
2 NYKCool fleet list as at June 2007
3 Star Reefers fleet list as at June 2007
4 Frigoship fleet list as at June 2007
5 Eastwind fleet list as at June 2007
6 Green Reefers fleet list as at June 2007
Tables
2.1 Major specialised reefer operators’ fleet summary – reefers and freezers as at June 2007
2.2 Major specialised reefer operators’ fleet summary – reefers as at June 2007
2.3 Seatrade reefer fleet by size
2.4 NYKCool reefer fleet by size
2.5 Star Reefers reefer fleet by size
2.6 Frigoship reefer and freezer fleet by size
2.7 Frigoship Chartering GmbH reefer fleet by size
2.8 Eastwind reefer and freezer fleet by size
2.9 Eastwind reefer fleet by size
2.10 Green Reefers reefer fleet by size
3.1 Top five banana exporting countries – 2005
3.2 Imports of bananas and plantains (fresh and dried) to the 25 EU countries from major “Dollar” exporters 2005 and 2006
3.3 Imports of bananas and plantains (fresh and dried) to the 25 EU Countries from major ACP exporters 2005 and 2006
3.4 Imports and bananas and plantains by region 1995 to 2005
3.5 Top five exporting countries of bananas and plantains in 2005 by import region
3.6 Estimated seaborne banana and plantain trade 1995 to 2005
3.7 Imports of citrus fruit by region 1995 to 2005
3.8 Change in citrus imports, by commodity, 1995 to 2005
3.9 Major exporting countries of citrus in 2005, by import region
3.10 Estimated seaborne citrus trades, by commodity group, 1995 to 2005
3.11 Imports of deciduous fruit by region, 1995 to 2005
3.12 Change in deciduous imports, by commodity, 1995 to 2005
3.13 Major exporting countries of Apples in 2005, by import region
3.14 Major exporting countries of Pears in 2005, by import region
3.15 Major exporting countries of Grapes in 2005, by import region
3.16 Estimated seaborne deciduous trades, by commodity group, 1995 to 2005
3.17 Imports of “exotics” by region, 1995 to 2005
3.18 Change in “exotics” imports, by commodity, 1995 to 2005
3.19 Major exporting countries of pineapples in 2005, by import region
3.20 Major exporting countries of kiwi fruit in 2005, by import region
3.21 Major exporting countries of avocadoes in 2005, by import region
3.22 Estimated seaborne “exotics” trade, by commodity group, 1995 to 2005
3.23 Imports of fish and seafood by region 1995 to 2005
3.24 Seaborne fish/seafood trade 1995 to 2005
3.25 Imports of meat and poultry by region 1995 to 2005
3.26 Imports of meat and poultry by commodity type 1995 to 2005
3.27 Major exporting countries of poultry in 2005, by import region
3.28 Major exporting countries of pork in 2005, by import region
3.29 Major exporting countries of beef/veal in 2005, by import region
3.30 Major exporting countries of offal in 2005, by import region
3.31 Major exporting countries of sheep meat in 2005, by import region
3.32 Seaborne meat and poultry trade, by commodity group, 1995 to 2005
3.33 Imports of dairy 1995 to 2005
3.34 Major exporting countries of cheese/curd in 2005, by import region
3.35 Major exporting countries of butter in 2005, by import region
3.36 Seaborne dairy trade, by commodity group, 1995 to 2005
3.37 Imports of tomatoes 1995 to 2005
3.38 Imports of frozen potatoes 1995 to 2005
3.39 Imports of stone fruit and berries 1995 to 2005
3.40 Imports of fresh vegetables 1995 to 2005
3.41 Imports of frozen vegetables 1995 to 2005
3.42 Total world-wide perishable reefer trade 2001 to 2005
3.43 Total seaborne perishable reefer trade 2001 to 2005
4.1 Specialised reefer and freezer fleet by size
4.2 Specialised freezer fleet by size
4.3 Specialised reefer fleet by age and capacity
4.4 Specialised reefer new building orders
4.5 Estimated on-deck 40’ reefer capacity of the specialised reefer (non-freezer) fleet above 100,000 cubic feet as at June 2007
5.1 Estimated reefer capacity of the world container fleet
5.2 Percentage reefer capacity on container vessels
5.3 Container growth by region
5.4 Annual container activity by region
5.5 Selected port throughputs – annual volume and growth
5.6 Reefer capacity share as at April 2007
5.7 Australasian trades, capacity and service summary
5.8 East Coast South American trades, capacity and service summary
5.9 West Coast South American trades, capacity and service summary
5.10 South African trades, capacity and service summary
5.11 West African trades, capacity and service summary
5.12 Containership order book by size range and delivery date
5.13 Containership new buildings by teu capacity
5.14 Major factors affecting the supply/demand balance
5.15 Forecast global supply/demand balance
5.16 Selected container lines’ 2006 financial results
5.17 Average time charter rates 2003 to 2006
6.1 Reefer manning budget
6.2 Reefer vessel insurance: indicative costs 2006
6.3 Class survey requirements – special survey elements
6.4 Estimated approximate R&M cost age variables
6.5 Reefer operating costs: indicative total costs 2007
6.6 Reefer ships – indicative daily bunker consumption and costs
7.1 Reefer capacity share as at April 2007
7.2 Forecast reefer capacity share as at January 2011
7.3 World perishable reefer trade by commodity, 1995 to 2005
7.4 GDP growth/forecast growth, 2005 to 2008
7.5 Projected world trade in perishable reefer cargoes – selected years – 2006 to 2015
7.6 Total seaborne perishable reefer trade, 1995 to 2005
7.7 Seaborne perishable reefer trade compared to total perishable reefer trade – 2005
7.8 Projected seaborne perishable reefer trade – selected years – 2006 to 2015
7.9 Estimated modal split – 2005
7.10 Estimated modal split – 2015
7.11 Realistic modal split – selected years – 2008 to 2015
7.12 Specialised reefer freight rates, 1997 to 2006
7.13 Forecast development of reefer market supply-demand balance Q1 2007-Q1 2011
Figures
1.1 Perishable reefer trades – forecast modal split
1.2 Total world perishable reefer trade by commodity, 2005
1.3 Total seaborne perishable reefer trade by commodity, 2005
1.4 Change in import region for perishable reefer commodities
1.5 Development of the specialised reefer fleet
1.6 Age profile of reefer fleet 100,000 cu.ft.+, as at January 2007
1.7 Age profile of the container fleet, as at January 2007
1.8 World perishable reefer trade, 1995 to 2015
1.9 Seaborne perishable reefer trade, 1995-2015
1.10 Current and forecast specialised reefer capacity and reefer container capacity, 2007 v 2011
1.11 Historic and forecast time charter market, 1997 to 2010
2.1 Major specialised reefer operators – average fleet age
2.2 Major specialised reefer operators – average fleet age
2.3 Age profile of Seatrade reefer fleet as at 1st January 2007
2.4 Age profile of NYKCool reefer fleet as at 1st January 2007
2.5 Age profile of the Star Reefers’ reefer fleet as at 1st January 2007
2.6 Age profile of Frigoship reefer fleet as at 1st January 2007
2.7 Age profile of the Eastwind reefer fleet as at 1st January 2007
2.8 Age profile of the Green Reefers reefer fleet as at 1st January 2007
3.1 Top six exporting countries of oranges in 2005
3.2 Top six exporting countries of lemons/limes in 2005
3.3 Top six exporting countries of grapefruit in 2005
3.4 Top ten exporting countries of apples in 2005
3.5 Top ten exporting countries of grapes in 2005
3.6 Top ten exporting countries of pears in 2005
3.7 Top six exporting countries of fish and seafood in 2005
3.8 Top six exporting countries of poultry in 2005
3.9 Top six exporting countries of pork in 2005
3.10 Top six exporting countries of beef and veal in 2005
3.11 Top six exporting countries of offal in 2005
3.12 Top six exporting countries of sheep meat in 2005
3.13 Top six exporting countries of cheese & curd in 2005
3.14 Top six exporting countries of butter in 2005
4.1 Reefer and freezer fleet: size summary
4.2 Reefer and freezer fleet: age summary
4.3 Age summary by vessel size range as at 1st January 2007
4.4 Age profile of the specialised reefer fleet as at 1st January 2007: 100,000+ cu.ft
4.5 Age profile of the specialised reefer fleet as at 1st January 2007: 100,000-400,000 cu.ft
4.6 Age profile of the specialised reefer fleet as at 1st January 2007: 400,000+ cu.ft
4.7 Development of the specialised reefer fleet, 1990-2007: 100,000+ cu.ft
4.8 Deliveries of specialised reefer vessels, 1990-2006
4.9 Relationship between 12 month average time charter rates and specialised reefer newbuilding deliveries, 1997-2006
4.10 Specialised reefer scrapping, 1997-2006
4.11 Estimated development of the specialised reefer fleet, 2000-2011: 100,000+ cu.ft
5.1 Deliveries of containership new buildings 1997 to 2006
5.2 Age profile of the container fleet as at April 2007
5.3 Orderbook by size range as at 1st April 2007
6.1 Specialised typical onboard numbers
6.2 Repair costs: average 2000-2005
6.3 Reefer vessel – indicative repair and maintenance costs
6.4 Reefer vessel – other operating costs
6.5 Indicative trend in reefer ship operating costs
6.6 Bunker price trend, 1990-2006
6.7 Indicative reefer newbuilding prices
6.8 Trend in reefer secondhand prices
7.1 Forecast change in reefer capacity, 2007-2011
7.2 OECD GPD and world perishable reefer trade, 1996-2005
7.3 Annual spot and 12 month time charter market – 450,000+ cu.ft vessels, 1997-2006
7.4 Forecast annual spot and 12 month time charter market – 450,000+ cu.ft vessels, 2007-2010
For more information kindly visit: http://www.bharatbook.com/Annual-Reefer-Shipping-Market-Review-and-Forecast-2007.html
|
