Investor Presentaiton
Merchant ships: Forecast by shiptype (no of ships)
2,500
2,000
historical avg
1996-2020:
1746 vessels
1,500
1,000
500
2,500
2,000
1,500
1,000
500
0
Contracting history and forecast September 2021
No. of ships, Merchant ship types> 2000 gt, excl ofs and misc
2,500
2,000
historical avg
1996-2020:
1570 vessels
1,500
1,000
500
0
Deliveries history and forecast September 2021
No. of ships, Merchant ship types> 2000 gt, excl ofs and misc
Avg. 96-20
2017
Tanker
Container
Cruise
222
LNG/LPG
MPP/GC
Mar 2021 fcst
Contracting forecast upgraded from March 2021
Ship Nos
1. Support from
container ordering
boom
2. After easing hack in 2022.
ordering increases again in 2023-
24, with support from growing
replacement demand following
Implementation of environmental
regulations, e.g. EEXI, CII etc.
3. Ordering continues to increase with
support from accelerated fleet
renewal and steady demand growth.
Slightly softer expectations than six
months ago in mid-2020s partly reflects
Impact of higher short-term ordering
especially in container sector
Bulker
RoRo/PCC
Sep 2020 fest
-Contracts September 2021
---Contracts March 2021
4. Ordering rises further towards
end of forecast period driven by
continuing accelerated fleet
renewal, with support from:
The fleet age profile as tonnage
delivered in the late 2000s/early
2010s boom starts to be
recycled
Potential for increased
consensus over fuelling and
technology choices to have
emerged
Avg. 96-20
2017
2018
Tanker
2019
OLNG/LPG Bulker
Container
MPP/GC RoRo/PCC Cruise
870Z
2029
2021 full year contracting upgraded to 1505, up ~600 vessels compared to the
forecast a year ago; easing back to ~1300 ships in 2022 due to higher newbuild
prices, yard slot availability limited to 2024 and slowing container ship ordering.
Biggest upgrades in container ships, car carriers and bulkers.
A dip in deliveries in short-term, increasing again 2023 - 2024 following recent
ordering boom. In longer term deliveries expected to increase further due to
accelerated fleet renewal.
2030
0
2016 2017 2018 2019
2020 2021 2022
2023 2024 2025 2026 2027 2028
CARGOTEC
2029 2030 2031
Source: Clarkson Research, September 2021
Investor presentation
November 2021
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