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Danish Shipping in Numbers (ID: 21300)
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DANISH SHIPPING DANISH SHIPOWNERS ASSOCIATION May 2004 2 Index Page 1. Key Figures of the Danish Merchant Fleet 3 2. Size and Composition of the Merchant Fleet 2.1 The development of the Danish merchant fleet ............................... ...................4 2.2 Changes in the Danish merchant fleet ............................................ ...................4 2.3 Composition of the Danish merchant fleet....................................... ...................4 2.4 The Danish merchant fleet, types of ships ...................................... ...................5 2.5 The Danish merchant fleet, size and age ........................................ ...................5 2.6 The geographical distribution (merchant ships) of the world tonnage..................6 2.7 The tonnage of the major shipping countries................................... ...................6 2.8 The merchant fleets of the world by nationality of owner ................. ...................7 2.9 The world merchant fleet, types of ships ......................................... ...................7 2.10 Danish share of various types of ships ......................................... ...................8 2.11 The EU countries merchant fleets ............................................... ...................8 3. Shipbuilding 3.1 Danish shipping companies new building programme ................... ...................9 3.2 The shipping companies Danish flag investments.......................... ...................9 3.3 The Danish shipping companies yearly contractings ...................... ...................9 3.4 The Danish merchant fleet, country of building ............................... ...................9 3.5 The world s total new building contracts, country of building .......... .................10 3.6 The world s total new building, types of ships.................................. .................10 3.7 The world s total new building contracts according to domicile of the shipping companies ....................................................................... .................10 4. Earnings of Danish Shipping Companies 4.1 Danish shipping s foreign currency earnings ................................... .................11 4.2 Danish shipping companies foreign currency earnings acc. to regions.............11 4.3 Balance of payments ...................................................................... .................12 4.4 Accounting statistics for Danish Shipping........................................ .................12 5. Development in Freight Rates 5.1 Freight index for tankers ................................................................. .................13 5.2 Freight rate for dry cargo ships ....................................................... .................13 5.3 Baltic Freight Index - The development of the rate of exchange of the US dollar .................................................................................. .................13 5.4 Liner Trade - Container Freight Index ............................................. .................14 6. Employment of Seafarers etc. 6.1 Seafarers on board Danish vessels ................................................ .................15 7. World Trade by Sea 7.1 World trade by sea.......................................................................... .................16 7.2 Ocean transport of important bulk goods ........................................ .................16 Vocabulary Index.................................................................................. .................17 Source references and notes................................................................ .................18 1: Key Figures of the Danish Merchant Fleet Size of the Danish Merchant Fleet Share of the World Merchant Fleet Selected 1 May 2004 Types of Ships as per 1 January 2004 Per cent Number of Ships 502 Container vessels 5.4 TDW (million) 9.5 Chemical Tankers 2.0 GT (million) 7.6 Passenger ships, Ferries 1.7 Reefers 1.3 LPG tankers 1.0 Total 1.3 Employment of The Danish Merchant Fleet Average Age of the Merchant Fleet, (Per cent based on GT) 1 May 2004 Denmark's Merchant Fleet (Years) May 2004 6.7 Liner Trade 67 World's Merchant Fleet (Years) January 2004 12.3 Tramp 4 Tanker Trade 29 Danish Shipping Companies' Newbuilding Danish Shipping Companies' Foreign Currency Earnings Programme 1 May 2004 Foreign Currency Earnings 2002 (Billion DKK) 100 Number of ships 125 Per cent of total Danish Currency Earnings 14 TDW (million) 7 GT (million) 5 Total value (billion DKK) 30 Danish Shipping Companies' most Important Number and Nationality of Seafarers on Board The Markets' per cent of the gross freight Danish Ships as per September 2003 Danish 9,683 EU 22 Scandinavian and EEC 657 USA 19 Other Countries 3,752 Japan, East Asia 16 Total 14,092 China incl. Hong Kong 13 Share of Danes employed on Danish Ships (per cent) 69 3 2: Size and Composition of The Merchant Fleet Table 2.1: The Development of the Danish Merchant Fleet As per 1 Jan. Number GT DWT Number GT DWT Number GT DWT of ships (1,000) (1,000) of ships (1,000) (1,000) of ships (1,000) (1,000) 1994 614 4,870 6,811 108 1,612 2,836 506 3,258 3,975 1995 602 5,202 6,914 102 1,565 2,724 500 3,637 4,190 1996 584 5,325 7,391 97 1,914 3,402 487 3,411 3,989 1997 585 5,642 7,650 87 1,882 3,366 498 3,760 4,284 1998 583 5,449 7,034 80 1,477 2,602 503 3,972 4,432 1999 589 5,563 6,988 81 1,310 2,258 508 4,253 4,730 2000 581 5,572 6,872 86 1,153 1,922 495 4,419 4,950 2001 590 6,479 8,225 92 1,703 2,972 498 4,776 5,253 2002 538 6,664 8,295 92 1,764 3,103 446 4,900 5,192 2003 518 7,181 9,078 96 2,090 3,681 422 5,091 5,397 2004 505 7,395 9,233 96 2,041 3,572 409 5,354 5,661 May 2004 502 7,624 9,490 93 2,188 3,744 409 5,436 5746 Table 2.2: Changes in the Danish Merchant Fleet Year Number GT DWT Number GT DWT Number GT DWT of ships (1,000) (1,000) of ships (1,000) (1,000) of ships (1,000) (1,000) 1993 46 790 1,235 41 848 1,500 5 -58 -265 1994 42 518 644 54 432 550 -12 86 94 1995 28 524 879 46 413 402 -18 111 477 1996 60 912 1,021 59 608 766 1 304 255 1997 39 506 559 41 703 1,175 -2 -197 -616 1998 48 793 955 42 680 1,004 6 113 -49 1999 31 744 1,003 41 741 1,111 -10 8 -115 2000 48 1,535 2,356 39 630 1,008 9 905 1,348 2001 27 743 914 79 568 861 -52 175 53 2002 30 1,005 1,439 50 487 657 -20 518 782 2003 40 800 984 53 589 826 -13 211 158 Table 2.3: The Composition of the Danish Merchant Fleet As per 1 Jan. GT Pct. GT Pct. GT Pct. GT Pct. (1,000) (1,000) (1,000) (1,000) 1994 2,292 47.1 966 19.8 1,612 33.1 4,870 100.0 1995 2,542 48.9 1,095 21.0 1,565 30.1 5,202 100.0 1996 2,391 44.9 1,020 19.2 1,914 35.9 5,325 100.0 1997 2,716 48.1 1,044 18.5 1,882 33.4 5,642 100.0 1998 2,953 54.2 1,019 18.7 1,477 27.1 5,449 100.0 1999 3,221 57.9 1,032 18.6 1,310 23.5 5,563 100.0 2000 3,550 63.7 869 15.6 1,153 20.7 5,572 100.0 2001 3,832 59.1 945 14.6 1,702 26.3 6,479 100.0 2002 4,370 65.6 530 8.0 1,764 26.5 6,664 100.0 2003 4,666 65.0 425 5.9 2,090 29.1 7,181 100.0 2004 5,035 68.1 319 4.3 2,041 27.6 7,395 100.0 May 2004 5,140 67.4 296 3.9 2,188 28.7 7,624 100.0 Total Total Fleet Tanker Fleet Dry Cargo Fleet Gain Loss Net Gain Liner Trade Tramp Tanker Trade Merchant Fleet, Types of Ships GT (1,000) 1 January 1994 - May 2004 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 May 2004 Liner Trade Tramp Tanker trade 4 Table 2.4: The Danish Merchant Fleet, Types of Ships Number GT Number GT Number GT of ships (1,000) of ships (1,000) of ships (1,000) Types of Ships Liner Trade Container 79 3,893 86 4,292 87 4,386 Ro-Ro 4 86 3 75 4 107 Other ships in liner trade 2 11 2 11 2 11 Passenger ships, ferries 67 477 65 450 63 432 Total 152 4,467 156 4,828 156 4,936 Types of Ships Tramp Bulk carriers 5 124 2 49 2 49 Reefers 12 101 11 99 8 84 Other dry bulk etc. 156 200 138 172 140 164 Total 173 425 151 320 150 297 Types of Ships Tanker Trade Oil Tankers 10 1,134 5 796 5 796 Products Tankers 40 617 47 911 47 971 Chemical Tankers 23 115 27 142 27 142 LPG Tankers 23 224 16 191 14 279 Total 96 2,090 95 2,040 93 2,188 Types of Ships Special Trade Cable-layers 11 78 10 71 10 71 Standby Safety vessels 16 7 17 8 17 8 Tug/Supply ships 29 89 29 87 29 87 Tugs etc. 41 25 47 40 47 37 Total 97 199 103 206 103 203 The total fleet 518 7,181 505 7,394 502 7,624 Tabel 2.5: The Danish Merchant Fleet, Size and Age, 1 May 2004 Age Size Number GT Number GT Number GT Number GT Number GT Number GT GT of ships (1,000) of ships (1,000) of ships (1,000) of ships (1,000) of ships (1,000) of ships (1,000) 100-299 2 1 1 1 2 1 5 1 72 13 82 17 300-499 1 1 4 1 0 0 4 2 28 11 37 15 500-999 2 1 4 3 0 0 5 5 36 28 47 37 1,000- 3 6 3 4 18 29 18 23 47 71 89 133 2,000- 7 19 3 8 13 37 7 19 11 28 41 111 3,000- 0 0 5 18 5 17 3 10 1 4 14 49 4,000- 3 12 9 42 2 9 3 13 2 9 19 85 6,000- 8 51 0 0 3 24 1 7 2 14 14 96 8,000- 0 0 1 9 1 9 0 0 0 0 2 18 10,000- 0 0 13 170 8 105 1 14 6 73 28 362 15,000- 0 0 1 19 13 234 1 15 4 70 19 338 20,000- 16 400 2 57 7 158 0 0 1 23 26 638 30,000- 16 511 2 66 0 0 2 84 1 34 21 695 50,000- 29 2,257 17 1,352 8 417 4 209 0 0 58 4,235 100,000- 4 637 0 0 1 158 0 0 0 0 5 795 Total 91 3,896 65 1,750 81 1,198 54 402 211 378 502 7,624 GT in pct. 51.1 23.0 15.7 5.3 5.0 100.0 The average age of the Danish merchant fleet measured with regard to tonnage as per 1 May 2004 6.7 years The average age of the world merchant fleet measured with regard to tonnage as per 1 January 2004 12.3 years 20 years and above Total 1 January 2003 1 January 2004 1 May 2004 Under 5 years 5-9 years 10-14 years 15-19 years 5 Table 2.6: The Geographical Distribution of the World Tonnage (Merchant Ships) (see note) GT Pct. GT Pct. GT Pct. (1,000) (1,000) (1,000) EU countries 127,437 30.35 62,540 14.44 79,027 13.79 EU Accession countries - - 41,386 9.55 47,666 8.32 Other industrialized countries 89,761 21.38 67,357 15.55 50,136 8.75 Open registers 109,309 26.03 149,168 34.43 260,522 45.45 Eastern Europe/the Balkans 34,457 8.21 20,747 4.79 9,601 1.67 Dynamic Asian countries 16,858 4.01 34,107 7.87 60,535 10.56 Other Asian countries 25,058 5.97 44,046 10.17 50,334 8.78 Latin America 12,146 2.89 9,298 2.15 7,947 1.39 Africa 4,885 1.16 4,082 0.94 3,894 0.68 Unknown 0 0.00 488 0.11 3,539 0.62 Total 419,911 100.00 433,219 100.00 573,201 100.00 Table 2.7: The Tonnage of the Major Shipping Nations, 1 Jananuary 2004 (Merchant Fleet) (See note) GT GT Number No. Flag State (1,000) in pct. of Vessels 1. Panama 123,220 21.50 5,349 2. Liberia 51,005 8.90 1,462 3. Bahamas 33,227 5.80 1,127 4. Greece 32,131 5.61 1,325 5. Malta 24,977 4.36 1,262 6. Singapore 22,808 3.98 1,056 7. Cyprus 21,786 3.80 1,077 8. Hongkong 20,483 3.57 846 9. Norway 19,150 3.34 1,270 10. China 17,554 3.06 2,374 11. Marshall Island 17,280 3.01 421 12. Japan 12,457 2.17 4,137 13. Italy 9,955 1.74 871 14. United Kingdom 9,923 1.73 599 15. USA 8,358 1.46 467 16. Denmark 7,223 1.26 417 17. India 6,537 1.14 429 18. Russia 6,204 1.08 1876 19. South Korea 6,177 1.08 1058 20. Isle of Man 6,018 1.05 243 21. Antigua & Barbuda 5,989 1.04 923 22. Saint Vincent 5,938 1.04 804 23. Germany 5,913 1.03 449 24. Malaysia 5,557 0.97 595 25. The Netherlands 4,973 0.87 663 Rest of the world 88,358 15.41 16,481 Total world tonnage 573,201 100.00 46,918 1 July 1980 1 January 1994 1 January 2004 Development of the EU Merchant Fleet Share of the World Fleet 1980 - 2004 0 5 10 15 20 25 30 35 1 July 1980 1 January 1994 1 January 2004 Distribution of World Tonnage According to tonnage, 1 January 2004 Unknown Other industrialized countries Open registers Eastern Europe/the Balkans Dynamic Asian countries EU Accession countries EU countries Africa Other Asian countries Latin America 6 Table 2.8: Merchant Fleets of the World by Nationality of Owner, 1 January 2004 (See note) No. Flag State GT GT Number (1,000) in pct. of Vessels 1. Greece 90,590 15.99 2,971 2. Japan 76,423 13.49 2,846 3. Germany 36,314 6.41 2,432 4. Norway 35,169 6.21 1,300 5. USA 31,396 5.54 890 6. China 29,884 5.28 2,175 7. Hongkong 17,502 3.09 483 8. South Korea 16,665 2.94 793 9. Taiwan 15,291 2.70 528 10. United Kingdom 14,522 2.56 603 11. Singapore 14,165 2.50 702 12. Denmark 12,347 2.18 574 13. Russia 10,621 1.88 1,667 14. Italy 10,302 1.82 590 15. Malaysia 7,211 1.27 306 16. India 7,079 1.25 291 17. Saudi Arabia 6,655 1.18 104 18. Switzerland 6,527 1.15 271 19. Turkey 5,573 0.98 575 20. Sweden 5,402 0.95 298 21. Iran 4,958 0.88 133 22. Canada 4,407 0.78 256 23. France 4,281 0.76 193 24. The Netherlands 3,969 0.70 610 25. Philippines 3,712 0.66 338 Rest of the world 95,411 16.85 8,960 Total world tonnage 566,376 100.00 30,889 Table 2.9: The World Merchant Fleet's Distribution acc. To Types of Vessels, 1 January 2004 (See note) No. Flag State Oil Tankers Dry bulk Gen. Cargo Container Other Types Total 1. Panama 34,296 51,413 5,180 18,570 13,761 123,220 2. Liberia 25,823 10,466 1,471 11,209 2,036 51,005 3. Bahamas 14,794 5,601 3,333 1,857 7,642 33,227 4. Greece 17,690 10,404 302 1,947 1,788 32,131 5. Malta 9,347 11,396 2,152 1,018 1,109 25,022 6. Singapore 10,990 5,597 1,197 3,837 1,187 22,808 7. Cyprus 3,990 12,145 2,398 2,592 661 21,786 8. Hongkong 4,632 11,881 1,293 2,384 293 20,483 9. Norway 9,892 4,093 1,448 62 3,655 19,150 10. China 3,146 7,256 4,402 2,225 525 17,554 11. Marshall Islands 11,637 3,040 709 1,396 498 17,280 12. Japan 5,955 2,743 661 462 2,636 12,457 13. Italy 3,211 1,436 225 801 4,282 9,955 14. United Kingdom 1,558 896 405 4,293 2,771 9,923 15. USA 2,504 1,334 229 3,124 2,370 9,561 16. Denmark 2,034 69 180 4,262 678 7,223 17. India 4,099 2,000 298 100 40 6,537 18. Russia 1,780 882 2,906 273 363 6,204 19. South Korea 1,145 3,225 648 701 458 6,177 20. Isle of Man 4,444 861 328 185 200 6,018 21. Antigua & Barbuda 73 401 1,884 3,427 204 5,989 22. Saint Vincent 416 2,781 1,811 163 767 5,938 23. Germany 197 1 227 5,073 415 5,913 24. Malaysia 2,773 1,449 486 685 164 5,557 25. The Netherlands 488 294 1,518 1,358 1,315 4,973 Rest of the world 28,790 23,321 16,152 6,432 12,903 87,110 Total world tonnage 205,216 174,985 51,843 78,436 62,721 573,201 1,000 GT 7 Table 2.10: Danish Share of Various Types of Vessels, 1 January 2004 World Total Danish Share Number GT GT in Percentage Types of Ships of Ships (1,000) (1,000) (Tonnage) Container 80 4,262 78,436 5.43 Chemical tankers 43 453 22,490 2.01 Passenger ships/ferries 82 456 27,215 1.68 Reefers 8 84 6,376 1.32 LPG tankers 15 188 22,768 0.83 General cargo 136 180 51,843 0.35 Ro-Ro 6 138 29,130 0.47 Oil and Products tankers 35 1,393 159,958 0.87 Bulk carriers etc. 12 69 174,985 0.04 Total 417 7,223 573,201 1.26 Table 2.11: The EU Countries Merchant Fleets, 1 January 2004 (see note) Number GT No. Flag State of Ships (1,000) 1. Greece 1,325 32,131 2. Italy 871 9,955 3. United Kingdom 599 9,923 4. Denmark 417 7,223 5. Germany 449 5,913 6. The Netherlands 663 4,973 7. Sweden 365 3,473 8. Finland 168 1,357 9. Belgium 43 1,228 10. France 200 1,223 11. Luxembourg 47 861 12. Irish Republic 52 392 13. Spain 72 182 14. Portugal 58 161 15. Austria 7 32 EU total 5,336 79,027 Danish Flag Top Five Shipping Nations in the EU chartered vessels not included GT (1,000), 1 January 2004 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Greece Italy United Kingdom Denmark Germany 8 3: Shipbuilding Table 3.1: Danish Shipping Companies' Newbuilding Programmme, 1 May 2004 *) Total Expected Number GT DWT Order Value delivery of ships (1,000) (1,000) Mill. DKK 2004 33 487 633 4,734 2005 39 1,232 1,642 8,678 2006 30 1,266 1,654 8,952 2007 17 839 1,224 4,217 2008 7 849 1,474 2,843 Total 126 4,673 6,627 29,424 * Confirmed newbuildings by Danish Shipowners Table 3.2: The Shipping Companies' Investments for Danish Flag (see note) Net Year Newbuildings Secondhand Total Sale Invest 1993 5,375 585 5,960 2,325 3,635 1994 4,265 1,215 5,480 2,475 3,005 1995 4,000 195 4,195 2,475 1,720 1996 5,010 1,320 6,330 2,960 3,370 1997 4,634 436 5,070 2,371 2,699 1998 8,525 742 9,267 2,628 6,639 1999 6,105 67 6,172 2,340 3,832 2000 10,313 421 10,734 1,644 9,090 2001 5,960 782 6,742 998 5,744 2002 5,394 30 5,424 678 4,746 2003 6,174 652 6,826 1,977 4,849 Table 3.3: The Danish Shipping Companies' Yearly Contracting Total Order Value Number Year of Ships GT Mill. DKK 1993 27 635,800 7,334 1994 34 706,435 8,056 1995 28 509,345 5,209 1996 48 760,256 8,890 1997 43 924,475 8,595 1998 34 681,462 8,003 1999 32 1,818,824 10,569 2000 50 1,898,062 14,325 2001 29 634,000 6,780 2002 21 894,740 8,004 2003 75 2,105,588 14,326 Table 3.4: The Danish Merchant Fleet acc. to Country of Building, 1 May 2004 Built in: Number GT GT of Ships (1,000) in pct. Denmark 227 4,449 58.4 South Korea 31 1,426 18.7 Germany 71 456 6.0 Japan 7 264 3.5 China 8 253 3.3 Taiwan 10 223 2.9 Norway 43 127 1.7 Rest of World 105 426 5.6 Total 502 7,624 100.0 Mill. DKK Shipping Investments for Danish Flag Newbuildings and Secondhand Tonnage 0 2,000 4,000 6,000 8,000 10,000 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Mill. DKK Newbuildings Secondhand Merchant Fleet - Country of Building GT, May 1, 2004 Denmark South Korea China Taiwan Norway Japan Germany Rest of world 9 Table 3.5: The World's Total Newbuilding Orders according to Country of Building No. Country Number DWT Number DWT Number DWT of Building of Ships (1,000) of Ships (1,000) of Ships (1,000) 1 South Korea 490 47,907 499 44,821 788 63,887 2 Japan 553 40,160 587 40,060 774 52,654 3 China 365 14,359 335 14,372 488 25,120 4 Taiwan 23 1,386 21 1,584 38 2,722 5 Croatia 57 2,767 42 2,336 45 2,289 6 Germay 114 2,354 61 1,222 86 2,199 7 Poland 83 3,043 50 1,899 58 2,122 8 USA 24 1,505 20 1,391 16 1,161 9 Philippines 9 463 17 889 22 1,149 10 Denmark 11 1,114 6 635 9 781 11 The Netherlands 91 587 96 602 105 658 12 Brazil 14 588 13 587 12 578 13 Romania 15 426 21 451 15 502 14 Ukraine 12 412 22 454 27 498 15 Turkey 59 455 54 367 71 473 16 Russia 38 374 30 283 44 463 Rest of world 168 2,468 147 2,434 140 1,888 Total 2,126 120,368 2,021 114,387 2,738 159,144 Table 3.6: The World's Total Newbuilding Orders according to Types of Ships (see note) Type of Ship Number DWT Number DWT Number DWT of Ships (1,000) of Ships (1,000) of Ships (1,000) Dry cargo, reefer 272 2,594 237 2,475 275 2,425 Container 463 18,542 318 14,297 600 32,411 Ro-Ro 92 1,114 88 1,156 120 1,774 Oil Tankers 890 72,617 956 66,386 1,123 77,866 Bulk carriers 409 25,863 422 30,073 620 44,668 Total 2,126 120,730 2,021 114,387 2,738 159,144 Table 3.7: The World's Total Newbuilding Orders acc. to Shipping Companies Domicile, 1 January 2004 Bulk carriers No. Company Number DWT Number DWT Number DWT Number DWT Number DWT Domicile of Ships (1,000) of Ships (1,000) of Ships (1,000) of Ships (1,000) of Ships (1,000) 1 Japan 67 1,065 32 2,464 84 8,392 205 15,496 388 27,417 2 Greece 14 219 15 844 184 17,991 69 5,685 282 24,739 3 Germany 61 610 238 10,919 57 1,711 31 1,498 387 14,738 4 China 8 99 48 3,112 39 4,400 26 1,949 121 9,560 5 Taiwan 1 11 41 2,702 9 1,350 33 2,602 84 6,665 6 United Kingdom 3 23 0 0 69 4,038 17 1,372 89 5,433 7 Denmark 6 78 20 1,438 50 3,479 7 426 83 5,421 8 Hong Kong 0 0 14 1,259 26 2,209 32 1,802 72 5,270 9 Norway 12 252 0 0 39 2,368 25 1,249 76 3,869 10 Italy 5 86 3 80 78 3,278 4 302 90 3,746 11 Switzerland 0 0 27 2,333 15 1,074 0 0 42 3,407 12 South Korea 2 11 16 995 16 1386 9 830 43 3,222 13 Russia 13 50 0 0 40 2,967 0 0 53 3,017 14 Singapore 4 100 15 382 30 1,938 7 564 56 2,984 15 USA 8 85 1 30 31 2,139 10 524 50 2,778 16 France 2 5 18 1,552 15 625 3 401 38 2,583 17 Belgium 0 0 2 126 10 525 9 1,173 21 1,824 18 Turkey 6 43 5 81 27 980 11 680 49 1,784 19 Canada 1 30 9 455 11 662 8 540 29 1,687 Rest of World 182 1,432 96 3,639 293 16,354 114 7,575 685 29,000 Total 395 4,199 600 32,411 1,123 77,866 620 44,668 2,738 159,144 Container Cargo Liners etc. Oil Tankers Total 1 January 2004 1 January 2003 1 January 2002 1 January 2002 1 January 2003 1 January 2004 World's Top Five Newbuilding Nations DWT (1,000), 1 January 2004 0.0 10.0 20.0 30.0 40.0 50.0 60.0 South Korea Japan China Taiwan Croatia 10 4: Earnings of Danish Shipping Companies Table 4.1: Danish Shipping's Foreign Currency Earnings Year Million DKK 1988 19,825 6.7 1989 24,100 7.4 1990 23,292 6.6 1991 27,941 7.0 1992 25,689 5.8 1993 30,709 6.3 1994 33,549 6.6 1995 32,962 6.1 1996 36,524 5.9 1997 44,710 8.6 1998 46,351 8.9 1999 50,295 8.7 2000 85,311 11.8 2001 100,000 13.3 2002 90,000 12.0 2003 100,000 13.7 4.2: Danish Shipping Companies' Foreign Currency Earnings According to Regions 2003 (See note) Region Per cent of Regions Denmark 2 Europe 19 Russia 3 Africa 7 Middle East, India 9 Japan, East Asia 16 China incl. Hong Kong 13 Australia, New Zealand 3 USA, Canada 19 South America 9 Per cent of Denmark's Export Foreign Currency Earnings Billion DKK 1988 - 2003 0 10000 20000 30000 40000 50000 60000 70000 80000 90000 100000 110000 1988 1991 1994 1997 2000 2003 11 Tabel 4.3: Balance of Payments (See note) Earnings 1997 1998 1999 2000 2001 2002 2003 Export of goods (fob) 319,548 321,446 348,206 406,063 419,826 436,258 431,435 Payment of employees 5,483 5,301 5,266 5,519 6,052 6,434 6,477 Travel 21,022 21,652 25,953 33,006 33,404 37,563 34,564 Other services 73,267 80,000 114,401 162,717 174,932 171,321 174,900 Transfers from EU 10,068 10,042 10,929 9,907 10,836 10,024 10,307 Capital income 75,790 67,648 57,914 90,038 83,628 67,108 55,358 Other transactions 13,697 13,229 17,464 17,072 21,231 19,071 19,188 Total Earnings 518,875 519,318 580,133 724,322 749,909 747,779 732,229 Expenses 1997 1,998 1,999 2,000 2001 2002 2003 Import of goods (fob) 281,134 295,213 303,654 351,128 358,097 376,154 363,741 Payment of employees 2,444 2,340 4,845 5,335 6,198 6,768 6,735 Other services 65,716 72,969 94,381 132,761 144,040 146,137 142,190 Travel 27,782 30,616 34,226 41,333 40,501 45,929 43,231 Transfers from EU 11,912 13,435 12,976 13,148 13,610 15,640 15,323 Capital income 101,293 89,425 74,923 122,173 108,247 94,013 80,359 Other transactions 24,153 25,001 34,961 38,589 38,753 35,566 38,377 Total Expenses 514,434 528,999 559,966 704,467 709,446 720,207 689,956 Net Earnings 4,441 -9,681 20,167 19,855 40,463 27,572 42,273 Table 4.4: Accounting Statistics for Danish Shipping (See note) Operating Earnings 1996 1997 1998 1999 2000 2001 2002 * Gross Freight from own ships 17,486 20,685 19,253 27,164 40,829 38,594 34,601 Gross Freight from chartered ships 15,474 20,342 22,018 21,082 40,260 47,892 40,461 Timecharter including bareboat 4,012 4,346 5,825 3,734 5,253 3,398 6,188 Passenger and restaurant earnings 2,352 2,593 2,497 2,322 2,902 3,326 3,191 Other earnings 2,570 2,919 3,066 1,572 2,164 2,888 2,445 Total Operating Earnings 41,894 50,885 52,659 55,874 91,408 96,098 86,886 Operating Costs 1996 1997 1998 1999 2000 2001 2002 Expenses for bunkers 2,456 2,609 2,611 3,437 7,541 6,972 7,287 Other direct operating expenses 20,593 25,620 26,416 29,043 49,720 53,110 46,912 Crew and personnel expenses 2,248 2,235 2,359 2,349 2,566 2,739 2,895 Timecharter pay 5,348 7,583 8,443 9,233 15,789 17,957 16,083 Other operating expenses 3,778 4,092 4,107 2,967 2,382 3,116 2,506 Financial leasing - - - 459 397 105 51 Administration costs 1,726 1,900 1,994 1,642 1,940 2,357 2,212 Total Operating Costs 36,149 44,039 45,930 49,130 80,335 86,356 77,946 Gross Earnings 5,745 6,846 6,729 6,744 11,073 9,742 8,940 *) Danish Shipowners' Association estimates, based on a member survey, that the figures are underestimated. Million DKK Million DKK 12 5: Development in Freight Rates Table 5.1: Freight Rate Index for Tankers Month 2001 2002 2003 2004 2001 2002 2003 2004 January 152 39 99 125 346 128 165 345 February 117 40 133 146 231 126 187 306 March 87 39 114 239 116 276 April 94 36 129 272 117 294 May 81 36 80 191 144 218 June 61 50 85 183 159 201 July 48 40 54 168 130 226 August 52 45 53 130 132 168 September 51 36 59 148 110 138 October 74 41 58 154 118 153 November 44 73 70 136 138 164 December 39 103 126 128 166 333 Average 75 48 88 136 194 132 210 326 Table 5.2: Freight Rate Index for Dry Cargo Vessels Month 2001 2002 2003 2004 2001 2002 2003 2004 January 193 194 216 244 264 228 330 431 February 198 199 216 244 267 232 344 507 March 195 199 216 260 223 339 April 200 199 226 258 259 354 May 206 207 235 262 229 366 June 205 202 230 272 244 352 July 205 201 230 272 240 374 August 192 201 229 253 240 377 September 193 204 235 248 244 361 October 195 204 244 249 268 381 November 194 215 244 227 343 402 December 195 215 244 231 337 459 Average 198 203 230 244 255 257 370 469 Table 5.3: Baltic Dry Index Month 2001 2002 2003 2004 January 1,566 931 1,694 5,229 February 1,478 960 1,674 5,454 March 1,505 1,065 1,850 5,139 April 1,440 1,078 2,064 4,489 May 1,448 1,033 2,246 June 1,377 995 2,138 July 1,221 989 2,192 August 980 1,001 2,313 September 945 1,182 2,463 October 898 1,365 4,145 November 855 1,460 4,250 December 870 1,674 4,619 Average 1,215 1,144 2,637 5,078 Time charter 1971 = 100 Trip Charter 1965/66=100 30,000-70,000 DWT Worldscale = 100 150,000 DWT and above Product Tankers Crude Oil Tankers Development of Dollar Rate of Exchange 5 6 7 8 9 1989 1991 1993 1995 1997 1999 2001 2003 DKK Apr 2004 13 Table 5.4: Liner Trade - Container Freight Index Month 1999 2000 2001 2002 2003 2004 January 77 104 119 93 96 93 February 79 103 121 93 96 93 March 80 105 121 95 100 96 April 83 113 122 95 107 May 83 119 121 94 99 June 84 116 119 94 101 July 86 114 117 94 103 August 87 122 112 94 104 September 90 127 105 93 104 October 92 130 103 99 102 November 96 130 104 99 101 December 98 125 102 98 96 Average 86 117 114 95 101 94 Container (1995 = 100) 14 6: Employment Statistics for Seafarers Table 6.1: Seafarers on board Danish Ships As per September Danish Other Scandinavians and EU Other Foreign Total 1988 7,130 460 438 8,028 1989 8,467 439 1,258 10,164 1990 9,810 491 1,433 11,734 1991 10,541 518 1,775 12,834 1992 10,757 458 1,834 13,049 1993 10,256 480 1,954 12,690 1994 10,118 435 2,060 12,613 1995 9,607 389 2,472 12,468 1996 9,044 381 2,784 12,209 1997* 11,391 515 2,707 14,613 1998 10,788 508 3,056 14,352 1999 9,807 513 3,381 13,701 2000 9,257 432 3,480 13,169 2001 9,515 456 3,662 13,633 2002 10,038 524 3,315 13,877 2003 9,683 657 3,752 14,092 The Danish Maritime Complex employs approx. 75,000 persons *From January 1, 1997, seafarers on board former public ferry lines are included in the employment statistics (a total of approx. 2,000 persons) Seafarers on board Danish Ships Employed as per September 0 2,000 4,000 6,000 8,000 10,000 12,000 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997* 1998 1999 2000 2001 2002 2003 Danish Other Scandinavians and EU Other Foreign 15 7: World Trade by Sea Table 7.1: The World Trade by Sea Oil Yearly Bulk Yearly Other Yearly Total Yearly Cargo Change Cargo Change Cargo Change Change Year (mill. tons) (pct.) (mill. tons) (pct.) (mill. tons) (pct.) (mill. tons) (pct.) 1992 1,648 5 961 -2 1,612 4 4,221 2.7 1993 1,714 4 966 1 1,659 3 4,339 2.8 1994 1,771 3 999 3 1,736 5 4,506 3.8 1995 1,796 1 1,071 7 1,820 5 4,687 4.0 1996 1,870 4 1,070 0 1,919 5 4,859 3.7 1997 1,929 3 1,147 7 2,016 5 5,092 4.8 1998 1,937 0 1,139 -1 1,997 -1 5,073 -0.4 1999 1,965 1 1,166 2 2,038 2 5,169 1.9 2000 2,027 3 1,260 8 2,147 5 5,434 5.1 2001 2,017 0 1,302 3 2,194 2 5,513 1.5 2002 2,002 -1 1,353 4 2,239 2 5,594 1.5 2003 2,085 4 1,445 7 2,310 3 5,840 4.4 Table 7.2: Sea Transport of Important Bulk Goods 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Crude Oil 1,356 1,403 1,415 1,466 1,519 1,535 1,550 1,608 1,592 1,588 1,650 Oil Products 358 368 381 404 410 402 415 419 425 414 435 Iron Ore 354 383 402 391 430 417 411 454 452 484 540 Grain 194 184 196 193 203 196 220 230 234 245 240 Coal 367 383 423 435 460 473 482 523 565 570 610 Approx. 90 % of the total world trade volume is transported by sea Mill. tons The World Trade by Sea Mill. tonnes, 1993 - 2003 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 Oil Bulk Other 16 17 Vocabulary Bareboat Charter - A shipping company lets or lease a ship without crew, typically for a longer period. Bulk Carrier - A ship especially fitted for transport of bulk. Bunkers - Description of a ship s fuels, typically oil. Cable-layer - A ship specially constructed for the laying and repairing of telegraph cables across oceans. Chemical Tanker - A ship transporting chemicals. Container Ship - A ship transporting containers by means of cargo compartments especially fitted for containers by mounting of vertical tracks for steering and keeping in place of the containers during loading and unloading and during the transport itself. Cross Trades - Transport of goods between foreign ports. Dry Bulk - Cargo consisting of dry cargo, as i.e. grain and coal. DWT - The total weight which a ship can carry, including cargo, provisions, fuel, stores, bunkers, crew, spares, etc., up to the ship s summer load line. (Plimsoll Line). General Cargo - Miscellaneous cargo. GT - The total of all the enclosed spaces within a ship, expressed in tons, each of which is equivalent to 100 cubic feet. Liner Trade - Description for regular traffic on specific ports. LPG Tanker - A ship transporting liquefied petroleum gasses. Oil Tanker - A ship transporting oil or oil products in bulk. Product Tanker - A ship transporting refined oil products. Reefer - Ship transporting refrigerated and frozen goods. Ro-Ro Ship - A ship where the cargo is driven on board and ashore, i.e. by means of lorries or other special vehicles. Salvage and Tug ship - A ship helping other ships in and out of ports and when salvage is required. Stand-by/Safety vessel - A vessel working as a stand-by safety, fire fighting and waste disposal vessel in the offshore industry. Tanker Market - Transportation of liquid cargo on board ships in free trade, typically chartered for single trips (trip charter). Time Charter - A shipping line lets or leases a ship complete with crew for a certain period of time. Tramp - A ship which will call at any port to carry whatever cargoes are available. Trip Charter - The time charter of a ship for one specific trip, rather than for a period of time. Also occasionally to mean a voyage charter. Supply Ship - A ship working in the offshore industry for the carriage of stores and equipment, towing and anchor handling. Worldscale - A widely used scale by means of which tanker freight are quoted. Its purpose is to enable shipowners to compare more easily the returns on alternative voyages. The figure 100 is allocated to a hypothetical return per ton of cargo using a ship on each of a number of standard routes. 18 Source References Table 2.1- 2.5 Danish Shipowners Association Table 2.6 - 2.11 Lloyd s Register of Shipping Table 3.1 - 3.4 Danish Shipowners Association Table 3.5 - 3.7 Fairplay Information Systems Table 4.1 4.2 Danish Shipowners Association Table 4.3 - 4.4 Statistics Denmark Table 5.1 - 5.2 Lloyd s Ship Manager Table 5.3 Lloyd's List and The Danish Bank Table 5.4 ISL Bremen Table 6.1 Danish Shipowners Association and the Danish Maritime Authority Table 7.1 - 7.2 Fearnleys Notes Table 2.6 EU: EU 15 irrespective of time of admission. Other industrial countries: The rest of OECD member countries, South Africa and Israel. Open registers: Liberia, Panama, Bahamas, Cyprus, Malta, St. Vincent, Bermuda, Vanuatu, Marshall Islands, Honduras, Antigua & Barbuda, Gibraltar, Cayman Islands, Lebanon and Mauritius. Dynamic Asian countries: Singapore, Thailand, Malaysia, Taiwan, Hong Kong and South Korea. Table 2.7 The total number of ships deviate in table 2.7 from for instance table 2.1 as Lloyd s Register uses a more narrow definition for merchant ships than the Danish Shipowners Association uses in its records. It means that a number of specialized ships are included in the Danish Shipowners Association records while they are not included in the records of Lloyd s Register. Tonnage-wise, there is in reality no difference, as only smaller ships are involved. Table 2.7 - 2.9 Tables 2.7 and 2.9 are inclusive merchant ships of 100 GT and above. Table 2.8 is inclusive merchant ships of 1,000 GT and above, which explains the difference in numbers of vessels and tonnage. Table 2.11 The Merchant Fleets of the EU countries; United Kingdom exclusive of Isle of Man, France exclusive of Kerguelen, the Netherlands exclusive of Netherlands Antilles. Table 3.2 The investment amounts are partly estimated and do not include investments in publicly owned ships or containers, pallets etc. Table 3.6 The total number deviates in table 3.6 from those of table 3.5 and 3.7 as all ships are included in table 3.6 irrespective of knowledge of the size of the tonnage. In table 3.5 and 3.7 only ships with known tonnage are included. Table 4.2 The regional distribution is based on reports from Danish shipping companies. Table 4.3 A current revision of figures will take place. Table 4.4 The information only includes earnings and expenses regarding shipping operations. The turnover has been calculated exclusive of VAT and other duties. Earnings from passenger transportation include transport of motor vehicles, earnings from the restaurants include shop sales. Earnings from offshore operation are calculated as net figures. Expenses are calculated exclusive of VAT, and obtained discounts have been deducted. Direct operating expenses include loading and unloading together with expenses for canal passage, port charges, customs and ship charges. Crew and personnel expenses include holiday compensation and board together with various social contributions. Time charter pay is an expense for chartering of tonnage. Other operating expenses are a.o. insurance, repair and maintenance. The statistics concern only the expenses and earnings directly related to the operation and not the shipping companies financial costs or income nor purchase and sale of ships and equipment. The statistics include privately owned shipping companies with a tonnage of at least 250 GT. Editorial staff Director Jan Fritz Hansen Counsellor Jacob K. Clasen Assistant Bent Bentzen Danish Shipowners Association 33, Amaliegade DK 1256 Copenhagen K Phone: +45 33 11 40 88 Fax: +45 33 11 62 10 info@shipowners.dk www.shipowners.dk Danish Shipping in Numbers