Full Steam Ahead

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Peter Kerr-Dineen
The Baltic Exchange
Full Steam Ahead The Increasing Importance of the
Shipping Industry in Generating World Economic
Growth The Third City Of London Biennial
Meeting London 4th November 2003
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The Baltic Exchange
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Dirty British Coasters
Torrey Canyon
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(No Transcript)
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The Baltic Dry Index to August 2003
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The Baltic Dry Index Since September 2003
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The Baltic Dry Index 1985 to Present
Aug 2003
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Iron Ore
Source Howe Robinson
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Thermal Coal
Source Clarksons
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Soya Beans
Source Howe Robinson
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The Howe Robinson Containership Charter Index
Since 1985
Source Howe Robinson
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Development of cellular container fleet
Source Howe Robinson
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The Largest Containerships
1970s
1980s
1990s
2003
2006
Source Howe Robinson
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Long Term Growth In Containership Demand
Average 9
Source Howe Robinson
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Container Volumes
Source Howe Robinson
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Baltic Dirty Tanker Index Since 2001
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VLCC AG - Rotterdam Since 1970
Source EA Gibson Shipbrokers Ltd
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Evolution of the tanker fleet Since 1968
Source Howe Robinson
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The Erika
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The Prestige
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Tanker deliveries since 1970
1999
Source EA Gibson Shipbrokers Ltd
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Three Trends

• Bulk Ships
• Tight supply/demand balance
• Immediate shipyard capacity in short supply
• Containerships
• Increased Productivity
• Fleet expansion in pace with demand
• Tankers
• Racing to match regulations

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Your Wake Up Call
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Thank you
Disclaimer The views expressed in this
presentation are not necessarily those of the
Baltic Exchange