Investor Presentaiton
Shipping Market Outlook
Demand
Market
Mechanism
Supply
Iron Ore- Brazilian exports decrease
due to dam collapsing incident while
PRC demand remains stable with -2%
y-o-y drop
Coal- PRC domestic production
increases while market expects drop
in steam coal imports but coking
coal imports to remain stable
NBs to be
PRC Jan-Jun 91 cape
2019 import
-6% y-o-y
PRC Jan-Jun
2019 import
+6% y-o-y
delivered
in 2019
23 Vessels
scrapped
between
Jan-Jun
2019
Newbuildings- newbuilding
deliveries remain high with 31 ships
joining fleet in 1H 2019; fleet to grow
by 2% this year
Tonnage Supply- Vintage VLOCs'
scrapping and slow-steaming will be
key to market' s supply-demand
balance
Source: Clarksons Platou
CHT 中國航運股份有限公司
Chinese Maritime Transport Ltd.
2019 Investor Presentation 4View entire presentation