Chemical Carriers & Product Tankers Demand/Supply & Profitability to 2015
Recent increases in chemical demand have funded expansion in both trade and shipping demand for the chemical carrier sector. The product tanker sector has been enjoying rising freight rates for several years, while demand growth has mostly concentrated on Asia, particularly China, with limited growth in the USA, Europe and Japan. The chemical carrier and product tanker sectors are each facing a transitional period. Employment demand is forecast to continue to rise. However, new strict regulations will mean great changes must occur within each fleet in the forward period. The product fleet has two new regulations, from the IMO (Regulation 13G and 13H). The chemical fleet will have a revised MARPOL Annex II from 2007. The current large newbuilding orderbooks will have massive impacts on both fleets in the next 5 years through extensive structural and volume fleet changes. Chemical Carriers & Product Tankers Demand/Supply & Profitability to 2015 analyses the revised regulations and their impact on the chemical and product fleets throughout the period to 2015, through detailed analysis of recent/current developments and extensive future forecasts.
Included areas of :
Trade volumes and patterns;
Fleet development, including newbuilding and scrapping prospects;
Vessel demand and supply;
Vessel freight rates;
Vessel operating costs;
Vessel operating profitability.
Chemical Carriers & Product Tankers Demand/Supply & Profitability to 2015 provides invaluable independent analysis on the future development prospects for the chemical and product tanker sectors. It represents the most up-to-date and comprehensive examination of the chemical and product shipping industry, and is essential reading for all parties with an interest in these sectors.
Table of Contents :-
SECTION 1 EXECUTIVE SUMMARY
This Section includes a summary of the most significant points and conclusions emerging from the Report – these are presented in the order of the corresponding Sections for ease of reference.
SECTION 2 WORLD PRODUCT TANKER FLEET & TRADE DEVELOPMENTS
Provides an analysis of the product tanker fleet development since 1995, with a detailed examination of the fleet. The orderbook is examined by scheduled year of delivery and top building yards and nations. Newbuilding and secondhand prices are also investigated. Overall trade is analysed by major product – gasoline, middle distillate, fuel oil and others.
SECTION 3 WORLD CHEMICAL CARRIER FLEET & TRADE DEVELOPMENTS
Provides an analysis of the chemical carrier fleet development, IMO classifications, age profile and year of build. The orderbook is examined by scheduled year of delivery and top building yards and nations. Recent scrapping volumes are also investigated. Newbuilding and secondhand prices are analysed. Overall trade is investigated by major grouping under Organic, Inorganic and Vegetable Oils & Animals Fats.
SECTION 4 NEW REGULATIONS – IMPLICATIONS FOR THE PRODUCT & CHEMICAL FLEETS
This Section examines Regulation 13G & 13H of Annex I of MARPOL and the effects on the product tanker fleet. For the chemical fleet, the revised MARPOL Annex II is considered, with its changing categories and effects on the chemical fleet.
SECTION 5 OIL PRODUCT TRADE AND FLEET DEVELOPMENT TO 2015
The future prospects for product trade volumes and fleet development are forecast using three forward Cases – the most likely projection detailed under the Base Case, with alternative Low and High Case scenarios. 5.1 Introduction 5.2 Outlook to 2015 5.3 Product Tanker Newbuilding and Scrapping to 2015
SECTION 6 CHEMICAL TRADE AND FLEET DEVELOPMENT TO 2015
The future prospects for the three main chemical trades are investigated along with future fleet developments using three forward Cases – Base, Low and High Case. 6.1 Introduction 6.2 Outlook to 2015 6.3 Chemical Carrier Newbuilding and Scrapping to 2015
SECTION 7 PRODUCT TANKERS & CHEMICAL CARRIERS: FUTURE FREIGHT RATES TO 2015
Recent freight rates for various routes and products are detailed for both chemical and product fleets. Freight rates for various sectors of chemical and product tankers are analysed and discussed, including an examination of linkages between sectors. Freight rates for chemical and product vessels are forecast using Base, Low and High Case scenarios throughout the period to 2015. 7.1 Introduction 7.2 Product Tanker Freight Rates 7.3 Chemical Carrier Freight Rates 7.4 Chemical v Product Tanker Freight Rates 7.5 Product Tanker Freight Rates to 2015 7.6 Chemical Carrier Freight Rates to 2015
SECTION 8 PRODUCT TANKERS & CHEMICAL CARRIERS: OPERATING PROFITABILITY TO 2015
An examination of operating costs, both current and forecast, for chemical and product tankers is presented. Comparisons are made with forecast freight market developments, providing a valuable insight into vessel operating profitability over the forward period. 8.1 Operating Costs 8.2 Product Tanker Operating Costs 8.3 Forecast Product Tanker Operating Profits to 2015 8.4 Chemical Carrier Operating Costs 8.5 Forecast Chemical Carrier Operating Profits to 2015 8.6 Conclusion
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Filed under: Uncategorized | Tagged: demand, Chemical, Carriers, Product, Tankers, Supply, Profitability
