Greek Owned Shipping 2010

GREEK CONTROLLED SHIPPING Αn information paper based on data provided to the GSCC by Lloyd’s Register of Shipping - Fairplay For the 23rd consecutive year the GSCC presents statistical data, in the form of 11 tables, attached hereto, on Greek controlled ships over 1,000 GT, registered under the Greek and other flags. The data has been provided by Lloyd’s Register – Fairplay. The following is a short analysis of the data, prepared by the Secretariat. Information from Table 1, compared with corresponding data from the previous year, shows that, during the year in question, the Greek controlled fleet has decreased. According to the data, as of 2.2.2010, Greek interests control 3,996 vessels of various categories, of 258,121,898 total DWT and 152,616,046 total GT, including 826 newbuilding vessels of 40,975,985 GT, of various categories, on order from shipyards. Compared with last year’s data, this represents a decrease of 165 vessels, 543,885 DWT and 359,857 GT. This is a considerable decrease, but given the turbulent economic year, not as significant as was initially feared. Date March March February March March March March March March March February March March March March May March March March February February February February 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 Ships 2,487 2,428 2,426 2,454 2,688 2,749 3,019 3,142 3,246 3,204 3,358 3,424 3,584 3,618 3,480 3,355 3,370 3,338 3,397 3699 4,173 4, 161 3,996 DW 85,047,436 81,928,296 84,439,159 87,102,785 98,218,176 103,958,104 120,650,373 126,128,352 129,737,336 127,782,567 133,646,831 139,255,184 150,966,324 168,434,370 164,613,935 171,593,487 180,140,898 182,540,868 190,058,534 218,229,552 260,929,221 263,560,741 258,121,898 GT 47,269,018 45,554,419 46,580,539 47,906,852 53,891,528 56,918.268 66,342,046 71,666,943 75,156,763 74,982,110 78,900,843 83,454,890 90,227,491 100,220,348 98,195,100 103,807,860 108,929,135 109,377,819 113,603,803 129,765,470 154,599,274 156,214,619 152,616,046 1 However, the same cannot be said for the fleet registered under the Greek flag, which decreased significantly. The Greek register now comprises 969 ships including 189 on order, against 1,121 ships in 2009. This represents a decrease of 152 ships (13.55%), 6,390,252 GT (12.09%) and 9,029,035 DW (10.8%). Slightly less than a quarter, specifically 24.2% of the Greek controlled fleet, is now registered under the Greek flag. It is indicative perhaps, that while last year there were 356 ships entered on the Greek registry on order, in 2010 only 189 are entered. Greek interests now control around 8% of the world’s total number of vessels in service and on order, 14.9% of the world fleet deadweight, or 13% of the world fleet expressed in gross tons (against 8.2%, 15.2% and 13.2% respectively, last year). In terms of ships on order, the percentages are 9.5%, 14.2% and 13.1 respectively. TABLE 1: Flag Analysis of Ships owned by Greek Parent Companies The Greek controlled fleet is registered under 47 Flags. Main Registries in DW of Greek Controlled Ships Marshal Islands 12% Isle of Man 2% Others 6% Greece 24% Saint Vincent and the Grenadines 1% Panama 14% Bahamas 7% Malta 13% Liberia 14% Cyprus 7% A comparison of Table 1, which gives the total number of ships, total DW and total GT, registered under each of the main registries used by Greek owners, with the corresponding table of last year, shows that, the Greek flag sustained the heavier loss, of 152 ships, followed by Panama, 53 ships and Cyprus, 30 ships. Malta gained 34 ships, followed by the Marshal Islands, which gained 24 ships. 2 Country Greece Panama Cyprus Bahamas Liberia Marshall Islands Malta Number of DW lost/gained ships lost/gained -152 -9,029,035 -53 -3,645,209 -30 -803,973 -8 -780,790 7 1,031,592 24 2,332,441 34 5,171,028 GT lost/gained -6,390,252 -1,524,141 -280,380 -529,203 791,474 1,187,727 2,813,850 In terms of deadweight, after the Greek flag, with 969 ships of 80,502,206 DW on its register, Liberia follows with 581 ships of 38,700,989, Malta with 524 ships of 30,529,238 DW, the Marshall Islands with 470 ships of 29,933,099 DW, Panama with 558 ships of 28,914,005 DW, Cyprus with 271 ships of 17,016,688 DW and the Bahamas with 279 ships of 15,408,842 DW. TABLE 2: Ship Type and Age Analysis – Greek Parent Companies Comparing Table 2 with the corresponding table of the previous year (2009) with the exception of oil tankers, which slightly increased in number of ships, and other cargo ships, there were losses in all other ship types, with the higher losses in the categories of Ore & Bulk Carriers and Cargo ships. However, it should be taken into consideration that the world fleet has also decreased by 802 ships, now standing at 49,705 ships, as against 50,507ships in 2009. Type Oil Tankers Chemical & Products Tankers Liquefied Gas Tankers Combination Carriers Ore & Bulk Carriers Containers Cargo Other Cargo Ships Passenger Ships +8 (111 on order) -38 (134 on order) Tons DW +1,329,630 -366,367 -11(25 on order) -4 -80 (442 on order) -24 (48 on order) -56 (34 on order) +45 (28 on order) -5 (4 on order) -253,017 -296,824 -4,670,848 -721,120 -627,232 +174,914 826 ships were on order for Greek account in February 2009, against 1,072 ships in February 2009. These are divided into the following categories: 111 oil tankers, 134 chemical & products tankers, 25 liquid gas carriers, 442 ore & 3 bulk carriers, 48 pure container carriers, 34 cargo ships, 28 other ships and 4 passenger ships. TABLES 3 & 4: Ship Type and Age Analysis of the World Fleet and the Greek Fleet. The percentage of each type of Greek controlled vessel, relative to the world fleet of the corresponding type for the years 2010 and 2009, was as follows: Oil Tankers Percentage of number of ships 2010: Percentage of number of ships, 2009: Percentage of total DW 2010: Percentage of total DW 2009: 23.1 22.3 20.9 20.4 Chemical & Products Tankers Percentage of number of ships, 2010 Percentage of number of ships, 2009: Percentage of total DW 2010: Percentage of total DW 2009 9.2 9.4 13.3 13.3 Liquid Gas Carriers Percentage of number of ships 2010: Percentage of number of ships, 2009: Percentage of total DW 2010: Percentage of total DW 2009: 9.2 9.8 6.4 6.9 Combination Carriers Percentage of number of ships 2010: Percentage of number of ships, 2009: Percentage of total DW 2010: Percentage of total DW 2009: 1.2 5.6 1.0 4.6 Ore & Bulk Carriers Percentage of number of ships 2010: Percentage of number of ships, 2009: Percentage of total DW 2010: Percentage of total DW 2009: 17.4 18.1 18.1 19.1 Container Carriers Percentage of number of ships 2010: Percentage of number of ships, 2009: Percentage of total DW 2010: Percentage of total DW 2009 4.3 4.5 5.6 5.7 4 Other Cargo Ships Percentage of number of ships 2010: Percentage of number of ships, 2009: Percentage of total DW 2010: Percentage of total DW 2009 1.5 1.0 2.1 1.9 Passenger Ships Percentage of number of ships, 2010: Percentage of number of ships, 2009: Percentage of total GT, 2010: Percentage of total GT, 2009: 6.6 6.7 6.1 6 World and Greek Controlled Fleets by Type and Ship numbers World ship type 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 0 Greek ship Type 13,756 9,906 7,652 6,921 5,446 he rs o Pa ss en ge r Ca rg a in er s Bu lk 116 Pu re Co nt 1,934 127 Ot 426 235 1 e& Ca rri er s n na tio Co m bi Li qu i dG e as 126 1,722 84 Or 1,377 635 Pr od uc m ic al & Ch e Oi lT an ke rs 2,629 608 The presence of Greek owners is particularly significant in the ship categories carrying the majority of the world’s bulk cargo, i.e. oil tankers and bulk carriers. TABLES 5 & 6 : Average Age Analysis of Existing Ships owned by Greek Parent Companies and World Fleet The average age of the Greek controlled fleet has decreased slightly during the past year and is currently 1.3 years below the average age of the world fleet, which remained the same age as last year. The average age of the Greek controlled fleet now stands at 11.6 years as against 11.9 years in 2009, 12.5 years 2008, 14.3 years in 2007, 15.3 years in 2006, 15.9 years in 2005, 16.8 years in 2004, 17.4 years in 2003, 19.6 years in 2002, 20.0 years in 2001 and 20.3 years in 2000, with a corresponding age decrease in relation to DW and GT. In particular, in terms of GT, the average age of Greek controlled vessels is now 8.5 years and, in terms of DWT, 8.2 years. The average age of the 5 existing Greek flag fleet is even younger, now standing at 10.7 years in terms of ship numbers, 6.8 years in terms of GT and 6.1 years in terms of DW. The average age of the world fleet, at 12.9 years, has remained constant in terms of ship numbers and has increased slightly in terms of GT, 8.4 years, (8.3 years in 2009), and in terms of DWT, 8 years (7.8 years in 2009). TABLE 7: Class Analysis of Greek Parent Companies The following 6 major IACS Classification Societies share the bulk of the Greek controlled fleet: Lloyd’s Register with 844 ships (914 ships in 2009), ABS with 764 ships (787 ships in 2009), DNV with 576 ships (592 ships in 2009), BV with 576 ships (541 in 2009) NK with 509 ships (470 ships in 2009), and GL with 213 ships (229 ships in 2008). ______ 6 !" # ! $ % ! & ' ( " # " ' ! ' ! ! ' ' ! ( # ! !" & #!$"" ! "$! ! !" ! "" ! $ % !%% !#$ ! ! #$ #! % " !$ #$#! ! #! "" $! !# # !$ !" $ !$%$ %"!" #!$ !## !##$! ! # "! $ ! $!% #! $ %! $ ! " !"$# !#"% !"$ !" # # ! % !"" !" ! " ! # # $ ! 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