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Trends in Container Shipping

Proceedings of the ISL Maritime Conference 2008- 9 th and 10 th of December, World Trade Center Bremen

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Edited By Burkhard Lemper and Manfred Zachcial

In the tradition of the Liner Shipping Conferences in the eighties, the Institute of Shipping Economics and Logistics organised again a Maritime Conference in Bremen. The aim of the conference in December 2008 was to analyse and to forecast the trends and perspectives of the international container shipping market. The international shipping industry and the global container shipping market have recently seen some of the most successful years in history. Excellent employment and high charter rates initiated a very strong order boom, especially in the highest size classes of 8.000 TEU to 12.000 TEU vessels and beyond. This development of accelerated fleet expansion met a cooling down period in global economy as a consequence of the worldwide financial crisis. The implications for the international trade markets have also affected the shipping industry and the container shipping market. Against this background the main topics of the Maritime Conference 2008 were: World economy, trade and shipping; vessel size development and its implications; implications of market growth on ports and hinterland; financing and taxation aspects.

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4 Session II – Vessel Size Development and its Implications

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Chairman: Prof. Dr. Burkhard Lemper, Institute of Shipping Economics and Logistics (ISL) 4.1 Assessment of Optimum Vessel Sizes by Trade Steve Wray, Ocean Shipping Consultants Ltd. Introduction Recently most attention has been focused on the large vessels ULCS and NPX vessels have been the centre of fleet development Driven by scale of demand of Transpacific and Asia-Europe Trades Maximise scale of economies to reduce costs - all services Biggest possible vessel that can be filled per Trade lane Practicalities - full ships that can be accommodated at Trade relevant ports Now more apparent which vessels will serve individual Trades: - ULCS and NPX: long haul arterial Trades - HandyMax: N/S Trades and TA - vessel cascade and port developments - Feeders: “Horses for Courses” depending on demand also Asia v Europe 50 Steve Wray Highlights cheaper cost per TEU for bigger vessels Biggest possible practical/allowable vessels will be most cost-effective 14.500TEU vessels c.$ 12/TEU at sea = less than half of 4.500TEU costs! 3500TEU 4500TEU 5500TEU 6800TEU 8100TEU Capacity - TEUs 3500 4500 5500 6800 8100 Capital Costs Newbuild Price - mUS$ 67,0 84,0 98,0 112,0 130,0 Daily Capital Charge - $ 22026 27615 32218 36820 42738 Operating Costs Manning - US$/day 3250 3550 3550 3550 3550 Repair & Maintenance - US$/day 1496 1876 2188 2501 2903 Insurance - US$/day 893 1120 1306 1493 1733 Admin/Other Charges* - US$/day 1200 1200 1200 1200 1200 Total 6839 7745 8245 8744 9386 Fuel Costs HFO -...

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