MacGregor TTS Acquisition Overview
Market
Chinese shipowners global influence increasing, led by the
major SOEs like China COSCO Shipping and China Merchants
Fleet Growth:
Looking At Three
Key Levers
Greece
China
States
The graph shows the impact of
deliveries, demolition and net
secondhand (S&P) market activi-
ty on the fleets of today's six
largest owner
countries
(according to current fleet ton-
nage), since the start of 2015, in
GT terms. Data is basis vessels
of 100+ GT and can be down-
loaded directly from the
timeseries section of World Fleet
Register.
The author of this feature article is
Alex Springer. Any views or opinions
presented are solely those of the
author and do not necessarily repre-
sent those of the Clarksons group.
MACGREGOR
Japan
Germany
United
Norway
11
Deliveries
Demolition
■Net S&P
m. GT -40
-20
0
20
40
60
Source: Clarksons Research
8
Undoubted leader, quick to seize market
opportunities, Greek owners remained very active in
the past 5 years (for new build & 2nd hand).
Old Greek owners with long history and experienced
rounds of cycles are proficient in ship management,
operations and capital operations, still getting
support from European banks and Chinese leasing
companies albeit tight financing.
2018, China replaced Japan as Number 2 for the 1st
time, driven by Chinese seaborne trade demand;
own shipbuilding capacity; scrap-to-build, & OBOR
projects.
Chinese shipping leasing companies increasing
influence, supported 15% (new build and 2nd hand)
during 2016-2018.
China COSCO Shipping and China Merchants seen
with potential to grow along consolidation trend.View entire presentation