Japan Japan Maritime Maritime EYE EYE DRY CARGO MARKET SECTOR TANKER MARKET SECTOR LINER MARKET SECTOR Quarterly Report October 2009 NO.3 S Asian A Drybulk Index M P L E 4623% 138% 134642%67 200962,604 18,24819 17152 2009143 4611% 3 841% 1
Japan Maritime EYE Quarterly Report October 2009 NO.3 CONTENTS PAGE INDEX P 1 P 4 2 P19 P24 (ADI) CONTENTS PAGE JME(JSI) / JME(JNI) : P 5 P 6 (1) CAPESIZE (2) PANAMAX 3 P25 P28 (3) HANDYMAX (4) HANDYSIZE (1) 3-1-1 3-1-6 S A M P (2) 3-2-1 L 3-2-3 E 1 P 7 P18 (3) 3-3-1 3-3-2 4 P29 P37 = = (1) 1-1-1 1-1-6 (2) 1-2-1 1-2-5 T/C (1) 4-1-1 4-1-8 Tanker Demand & Supply (3) 1-3-1 1-3-2 (2) 4-2-1 4-2-4 Fleet (4) 1-4-1 1-4-2 (3) 4-3-1 4-3-4 Fleet (5) 1-5-1 1-5-3 (4) 4-4-1 4-4-4 FleetDWT (6) 1-6-1 1-6-3 (5) 4-5-1 4-5-4 Tanker Phase Out (7) 1-7-1 1-7-3 (6) 4-6-1 4-6-3 Oil Demand & Supply (8) 1-8-1 1-8-3 (7) 4-7-1 4-7-3 Products Oil (9) 1-9-1 1-9-3 (8) 4-8-1 4-8-5 Tanker Spot Market (10)1-10-11-10-3 (11)1-11-11-11-3 5 P38 P40 (12)1-12-11-12-2 = -Bulk Carrier- = (13)1-13-11-13-3 DWT 1-13-41-13-6 = = (14)1-14-11-14-2 (15)1-15-11-15-2 -Bulk Carrier- (1) 2-1-1 (2) 2-2-1 2-2-2 (3) 2-3-1 2-3-4 (4) 2-4-1 2-4-3 (5) 2-5-1 2-5-5 (6) 2-6-1 2-6-4 (1) 5-1-1 CIF 5-1-2 WTIC 5-1-3 WTIBRENT (2)IEA: 5-2-1 IEA 2
Japan Maritime EYE Quarterly Report October 2009 NO.3 6 P41 P46 (1) 6-1-1 6-1-4 Containership Demand & Supply (2) 6-2-1 6-2-4 Fleet (3) 6-3-1 6-3-4 Fleet (4) 6-4-1 6-4-4 FleetTEU (5) 6-5-1 6-5-4 10 (6) 6-6-1 6-6-3 6-12T/C 7 -Bulk Carrier- P47 P53 9 -Bulk Carrier- P60 P63 (1) 9-1-1 (2) 9-2-1 9-2-2(5) (3)(5) 9-3-1 9-3-2165CAPESIZE 9-3-3 9-3-472PANAMAX 9-3-5 9-3-628HANDYSIZE 10 P64 P68 (1)(IMF) 10-1-1 10-1-6IMF (2) 10-2-1 10-4-2 (3) (US$/YEN/EURO) (1) 7-1-1 DWT (2) 7-2-1 7-2-2 (3) 7-3-1 7-3-3 (4) 7-4-1 7-4-3 (5) 7-5-1 7-5-3 (6) 7-6-1 5-6-3 (7) 7-7-1 8 P54 P59 (1) 4 8-1-1 8-1-2CAPESIZE 8-1-3 8-1-4PANAMAX 8-1-5 8-1-6HANDYMAX 8-1-7 8-1-8HANDYSIZE 10-3-1 10-3-2 10-3-3 BRICs (2) 8-2-1 8-2-2(CAPESIZE) BRAZIL/JAPAN 8-2-3 8-2-4 (CAPESIZE) E.AUST/JAPAN 8-2-5 8-2-6 (PANAMAX) US GULF/JAPAN 8-2-7 8-2-8 (HANDYMAX) US GULF/JAPAN 8-2-9 8-2-10 (HANDYSIZE) US NOPAC/JAPAN 8-2-11 8-2-12 (HANDYSIZE) US NOPAC/JAPAN 3
Japan Maritime EYE Quarterly Report October 2009 NO.3 - (JSI)- JME SP Index JME NB Index JME - (JNI)- 4
(1) CAPESIZE CAPESIZE 10 Japan Maritime EYE 2008 2009 3Q 4Q 1Q 2Q 3Q 791 801 809 834 833 820 848 798 868 742 9.7 7.4 M.DWT M.DWT 136.0 150.4 140.4 157.8 145.1 154.9 148.6 150.5 152.6 140.0 12.2 6.9 52 8 9 3 M.DWT 11.8 1.4 1.9 0.5 19 0 22 11 25 4 23 1 M.DWT M.DWT 4.4 0.0 4.2 1.6 5.1 0.6 4.4 0.2 US 1,000 97,000 89,833 76,000 73,750 62,000 36.1 16 3 8 23 18 12.5 M.DWT 2.7 0.5 1.4 3.9 3.1 17.0 5 US 1,000 151,981 64,636 47,116 50,011 54,333 64.2 US /DAY 117,980 10,003 24,488 46,105 45,004 61.9 1 US /DAY 144,192 25,724 26,854 33,796 39,445 72.6 54,981 25,197 28,884 23,739 7,667 113.9 41 26,212 15,721 2,366 12,309 5,559 121.2 Quarterly Report October 2009 NO.3 S A M P L ETotal 2009 2010 2011 2012 2013 2014+ 742 143 318 182 73 24 2 M.DWT 140.1 26.8 57.8 35.6 15.5 4.0 0.4 799 110 324 365 M.DWT 149.7 20.3 57.7 71.7 (2) PANAMAX 2008 2009 3Q 4Q 1Q 2Q 3Q 1,532 1,555 1,584 1,587 1,603 4.6 M.DWT 112.1 113.9 116.3 116.8 118.2 5.4 698 744 739 712 663 5.0 M.DWT 57.0 60.4 59.9 57.7 53.7 5.8 70 16 2 6 M.DWT 5.3 1.1 0.2 0.5 24 21 24 25 M.DWT 1.9 1.7 2.0 2.0 0 13 11 8 M.DWT 0.0 0.9 0.7 0.6 PANAMAX 6 US 1,000 54,667 47,833 39,000 38,000 33,000 39.6 22 9 11 48 28 27.3 M.DWT 1.7 0.6 0.8 3.5 1.4 15.6 5 US 1,000 87,400 38,074 28,865 33,564 31,667 63.8 4 US /DAY 53,979 7,435 10,652 17,952 21,614 60.0 1 US /DAY 68,874 15,981 14,263 16,219 19,994 71.0 32,733 9,759 10,135 4,436 1,333 104.1 4 14,895 8,546 3,611 1,733 1,620 110.9 CAPESIZE 10 DWT PANAMAX 6 10 DWT Total 2009 2010 2011 2012 2013 2014+ 693 137 270 185 74 23 4 M.DWT 53.7 7.5 22.3 15.6 5.9 2.0 0.3 733 70 276 M.DWT 59.7 5.7 22.5 387 31.4 5
(3) HANDYMAX HANDYMAX DWT Japan Maritime EYE 2008 2009 3Q 4Q 1Q 2Q 3Q 1,634 952 38 27 0 1,661 962 13 30 5 1,683 945 6 46 7 1,715 901 2 34 4 1,747 851 6.9 10.6 M.DWT M.DWT M.DWT M.DWT M.DWT 78.8 53.5 2.1 1.5 0.0 80.3 54.1 0.7 1.6 0.3 81.6 53.2 0.3 2.5 0.4 83.4 50.7 0.1 1.9 0.2 85.3 47.9 8.2 10.5 US 1,000 50,206 43,274 36,131 35,942 29,517 41.2 20 8 19 48 38 90.0 M.DWT 1.0 0.4 0.9 2.3 1.9 81.2 5 US 1,000 73,487 32,423 25,362 26,556 28,561 61.1 4 US /DAY 45,451 8,638 11,170 16,554 19,744 56.6 1 US /DAY 53,400 13,848 12,445 14,212 16,208 69.6 23,281 10,851 10,769 7,386 956 104.1 4 7,949 5,210 1,275 2,342 3,536 144.5 (4) HANDYSIZE 2008 2009 HANDYSIZE 3Q 4Q 1Q 2Q 3Q 2,855 2,879 2,870 2,819 2,812 1.5 M.DWT 76.0 76.7 76.5 75.0 74.9 1.4 752 815 814 784 693 7.8 M.DWT 23.7 26.0 26.0 25.1 22.2 6.3 89 22 2 0 M.DWT 3.0 0.7 0.1 0.0 26 21 30 31 M.DWT 0.8 0.7 0.8 0.9 0 9 55 26 M.DWT 0.0 0.3 1.5 0.7 US 1,000 39,833 34,333 28,667 28,011 25,500 36.0 33 29 41 80 43 30.3 M.DWT 0.9 0.8 1.2 2.2 1.2 33.6 US 1,000 57,865 25,048 18,990 21,003 20,967 63.8 4 US /DAY 33,174 7,185 7,401 11,480 12,165 63.3 1 US /DAY 28,654 5,829 7,494 10,275 10,837 62.2 18,032 9,285 9,677 7,008 4,533 125.1 4,520 1,356 93 1,205 1,328 70.6 HANDYMAX 4 6 DWT Quarterly Report October 2009 NO.3 Total 2009 2010 2011 2012 2013 2014+ 851 223 335 223 57 12 1 M.DWT 47.9 12.4 18.9 12.6 3.2 0.7 0.1 896 198 362 M.DWT 50.4 11.0 20.4 HANDYSIZE 4 DWT 336 19.0 Total 2009 2010 2011 2012 2013 2014+ 693 190 265 166 65 7 0 M.DWT 22.2 5.8 8.3 5.6 2.2 0.2 0.0 860 207 293 M.DWT 27.5 6.2 9.2 360 12.0 6
1 NO.3 Japan Maritime EYE (1) (2) (3) (10) (11) (12) (4) (13) -Bulk Carrier- DWT (5) (14) (6) (15) -Bulk Carrier- (7) (8) (9) 7
1 (1) S A M P L E 8
1 (2) T/C S A M P L E 9
1 (3) (4) (3) (4) 10
(5) (6) 1 (5) (6) 11
1 (7) (8) (7) (8) 12
1 (9) (10) (9) (10) 13
1 (11) (12) (11) S A M P L E (12) 14
1 (13)-1 -Bulk Carrier- DWT S A M P L E 15
1 (13)-2 -Bulk Carrier- 16
1 (14) Forecast 17
1 (15) -Bulk carrier- Forecast 18
2 NO.2 NO.3 Japan Maritime EYE Eye (1) (2) (3) (4) (5) (6) 19
2 (1) (2) (1) (2) 20
2 (3) S A M P L E 21
2 (4) 22
2 (5) S A M P L E 23
2 (6) S A M P L E 24
3 NO.3 Japan Maritime EYE (1) (2) (3) 25
3 (1) 26
3 (2) 27
3 (3) 28
4 NO.3 Japan Maritime EYE (1)Tanker Demand & Supply (2)Fleet (3)Fleet (4)FleetDWT (5)Tanker Phase Out (6)Oil Demand & Supply (7)Products Oil (8)Tanker Spot Market 29
4 (1) anker Demand & Supply Supply S A M P L E Balance Demand 30
ALL Tanker 4 (2) Fleet S A M P L E Double Hull Tanker 31
ALL Tanker S A M P L E Double Hull Tanker 4 (3) Fleet 32
ALL Tanker S A M P L E Double Hull Tanker 4 (4) FleetDWT 33
Phase Out (2009~2015 4 (5) Tanker Phase Out 34
Supply Demand 4 (6) Oil Demand & Supply Balance 35
Refinery Capacity 4 (7) Products Oil Products Oil Demand Seaborne Products Imports 36
4 (8) Tanker Spot Market Products Tanker Spot Rate Crude Tanker Spot Rate S A M P L E Suezmax Spot Rate VLCC Spot Rate Aframax Spot Rate Panamax Spot Rate 37
5 NO.3 Japan Maritime EYE (1) (2)IEA 38
5 (1) S A M P L E 6400 7722.4123200 WTI611170 39
5 (2) IEA: (IEA)20108,570091.5% 45 (OECD) 092.2%8,443 49 40
6 NO.3 Japan Maritime EYE (1)Containership Demand & Supply (2)Fleet S A (3)Fleet() M P L E (4)Fleet(TEU) (5)10 (6)6-12T/C 41
6 (1) Containership Demand & Supply Supply Demand S A M P L E Balance 42
6 (2) Fleet Fleet() S A M P L E Fleet(TEU) 43
6 (3) Fleet S A M P L E FCC MPP 44
FCC 6 (4) FleetTEU S A M P L E MPP 45
6 (5) 10 (6) 6-12T/C (5) 10 (6)6-12T/C 46
7-Bulk Carrier- NO.3 Japan Maritime EYE (1)DWT (2) (3) (4) (5) (6) (7) 47
7-Bulk carrier- (1) DWT(2) (1) DWT S A M P L E (2) 8201118DWT215,500 9201118DWT415,800 8920045,000 909493 180 48
7-Bulk carrier- (3) S A M P L E 7-12 169 5,000 200949 30% 10 98,000DWT20112 49
7-Bulk carrier- (4) S A M P L E 50
7-Bulk carrier- (5) S A M P L E 51
7-Bulk carrier- (6) S A M P L E 52
7-Bulk carrier- (7) S A M P L E 53
8 NO.3 Japan Maritime EYE (1) CAPESIZE (2) CAPESIZE PANAMAX CAPESIZE HANDYMAX PANAMAX/HANDYMAX HANDYSIZE HANDYSIZE) HANDYSIZE 54
CAPESIZE 8 (1) CAPESIZEPANAMAX Forecast S A M P L E PANAMAX Forecast 55
HANDYMAX HANDYSIZE 8 (1) HANDYMAXHANDYSIZE Forecast Forecast 56
8 (2) (CAPESIZE) (CAPESIZE) Forecast S A M P L E (CAPESIZE) Forecast 57
8 (2) (PANAMAX/HANDYMAX) (PANAMAX) (HANDYMAX) Forecast Forecast 58
8 (2) (HANDYSIZE) (HANDYSIZE) (HANDYSIZE) Forecast Forecast 59
9-Bulk Carrier- NO.2 Japan Maritime EYE (1)(DWT) (2)(5) (3)(5) 165CAPESIZE 72PANAMAX 28HANDYSIZE 60
9 -Bulk Carrier- (1) (DWT) (2) (5) (1) (DWT) (2) (5) 61
9 -Bulk Carrier- (3) (5) 165CAPESIZE 165CAPESIZE Forecast 62
9 -Bulk Carrier- (3) (5) 72PANAMAX 28HANDYSIZE 72PANAMAX Forecast Forecast 28HANDYSIZE 63
10 NO.2 TDS Japan Maritime EYE Eye (1)(IMF) (2) (3) 64
10 (1) IMF S A M P L E 71.4 3.4 1.7 65
10 (2)-1 S A M P L E 79GDP46 66
10 (2)-2 S A M P L E 2005100 20051001971 917 67
10 (3) 790 2119958713 180 68
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