dynaliners weekly 49-2015

Credit Reports Marine Investigation Vessel Tracking Consultancy Publications

DynaLiners Weekly 26th year of issue

49/15 04 December 2015

NEW - East and Southern Africa (worldwide) Container Trades - NEW DynaLiners Trades Review (2015)

East Coast South America (worldwide) Container Trades 2015 UPDATED - Container Volumes & Terminal Capacity in North Europe II - UPDATED

For many more publications and information, please visit www.dynamar.com/publications

Copyright 2015 Dynamar B.V. - P.O. Box 440 - 1800 AK Alkmaar - The Netherlands

www.dynamar.com, [email protected], Phone: +31 72 514 7400 Managing Editor: Dirk Visser, Editor: Frans A.J. Waals

CONTAINER TRADES Europe - Far East Preceding the announced 1 December rate increas-es, ranging between USD 650 and USD 1,000/TEU, for the Far East to Europe/Mediterranean route, av-erage spot rates went up from USD 295/TEU to USD 554 TEU for North Europe, according to the 27 No-vember Shanghai Containerized Freight Index (SCFI). For the Mediterranean trade it was a slightly better USD 626/TEU, up from USD 316/TEU. They are, however, still below the levels of early November and far away from a cost covering operation for the carriers, which will hopefully be repaired next Fri-day. Transpacific Hanjin and ZIM will exchange space (350 TEU) on the Far East-US East Coast route, involving the re-spective CKHYE Alliances AWE1 and AWE8 services and the Israelis Z7S (via Suez) loop. Their itineraries are: - AWE1 (via Panama) - CHKYE - 8x 4,300 TEU - Busan, Pyong-

taek, Ningbo, Shanghai, Busan, New York, Wilmington, Sa-vannah, Ensenada and back to Busan

- AWE8 (via Suez) - CHKYE - 11x 8,500 TEU - Xiamen, Kaohsi-ung, Hong Kong, Shenzhen (Yantian), Singapore, New York, Norfolk, Savannah and back to Xiamen

- 7ZS (via Suez) - ZIM - 10x 4,000/6,000 TEU - Singapore, Shenzhen (Dachan & Yantian), Ho Chi Minh, Singapore, Co-lombo, New York, Savannah, Norfolk and back to Singapore

As anticipated (DL 41/15), Fyffes Atlantic Shipping will put a stop to its Caribbean-North Europe con-

ventional reefer service and switch to slots from Maersk Line instead. For this purpose, the latter will launch a new loop operated by five 2,500 TEU ships, with around 600 reefer plugs each. Fyffes original rotation will be stretched to Hamburg and now read: Turbo, Santa Marta, Portsmouth, Antwerp Hamburg and back to Turbo. North America - Latin America Seaboard Marine will use space on the Port Ever-glades-Jamaica leg of Seafreights US Gulf-Caribbean Service, which besides a selection of Caribbean is-lands also calls at Colon and Georgetown (Guyana). Seafreight is now a division of Crowley (DL 46/15), but the two still market their networks separately. Far East - Australasia PIL-controlled Mariana Express Lines (MELL) has ex-tended its Asia North Australia (ANA) service to Ningbo. The rotation is now: Shanghai, Qingdao, Ningbo, Hong Kong, Surabaya, Darwin, Port Mores-by, Townsville, Kaohsiung and back to Shanghai. Far East - Africa NYK has withdrawn from the Far East-West Africa trade. It has ended its partnership with Gold Star Line and Hapag-Lloyd on FAX, Alphaliner reports, to which both carriers now contribute an extra ship. With the SCFI spot rates quoted at USD 529/TEU all-in last week, the Japanese have apparently conclud-ed that party time is over there, despite the general-

DYNALINERS WEEKLY 49/2015, 04 December 2015

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ly anticipated considerable trade growth. NYK re-entered the Far East-West Africa route in 2009 when it set up a new joint service with NileDutch. Its pre-vious, then still breakbulk, involvement on the route was discontinued in the early 1990s. Far East - Latin America Hanjin, Hyundai and Yang Ming will terminate their joint Far East-WCCA/WCSA West Latin Express (WLX), according to Alphaliner, and opt for three dif-ferent solutions. The WLX was formed in July (DL 13/15) when Hanjin and Hyundai ended their re-spective partnerships and teamed up with newcom-er Yang Ming. The new situation will be: Hanjin cooperating with APL, Hapag-Lloyd, K Line, MOL and NYK in: - WL1 - 8x 5,500/6,500 TEU - Busan, Kaohsiung, Kaohsiung,

Shenzhen (Chiwan), Hong Kong, Shanghai, Manzanillo (Mex), Lzaro Crdenas, Buenaventura, Balboa, Lzaro Crdenas, Manzanillo, Yokohama and back to Busan

- WL2 11x 6,500 TEU - Tokyo, Keelung, Hong Kong, Shenzhen (Dachan), Xiamen, Shanghai, Ningbo, Busan, Manzanillo (Mex), Callao, Iquique, Valparaiso, Lirquen, Callao, Man-zanillo and back to Tokyo

Hyundai cooperating with China Shipping, CMA CGM, Ham-burg Sd and Hapag-Lloyd in: - AN1 - 11x 7,000 TEU -Keelung, Hong Kong, Shenzhen

(Yantian), Xiamen, Ningbo, Shanghai, Busan, Manzanillo (Mex), Callao, Iquique, Mejillones, Valparaiso, Keelung

- AN2 - 11x 9,000 TEU - Busan, Shanghai, Xiamen, Shenzhen (Chiwan), Hong Kong, Manzanillo (Mex) , Lzaro Crdenas, Buenaventura, Callao, Valparaiso, San Vicente, Mejillones, Callao, Lzaro Crdenas, Manzanillo and back to Busan

Yang Ming cooperating with Evergreen, Coscon, PIL and Wan Hai on: - WSA - 10x 6,000 TEU - Kaohsiung, Shenzhen (Yantian),

Hong Kong, Ningbo, Shanghai, Manzanillo (Mex), Bue-naventura, Callao, Iquique, San Antonio, Callao, Manzanillo and back to Kaohsiung

- WSA2 - 10x 4,700 TEU - Kaohsiung, Shenzhen (Shekou), Hong Kong, Ningbo, Shanghai, Manzanillo (Mex), Lzaro Crdenas, Puerto Quetzal, Buenaventura, Guayaquil, Ca-llao, Manzanillo and back to Kaohsiung

Latin America - Far East Besides the Med Gulf service, CMA CGMs new Med Gulf Ecuador (MGE) service (DL 46/15) will also in-corporate its (former) Gulf Bridge Express (GBX). The extensive rotation of MGE, provided by nine ships of 1,700-2,500 TEU, will be: Malta, Leghorn, Genoa, Barcelona, Tangier, Caucedo, Kingston, Veracruz, Al-tamira, Houston, New Orleans, Kingston, Cartagena, Balboa, Guayaquil, Balboa, Kingston and back to Malta. Intra-Far East SITC will commence a new link between Hong Kong/Shenzhen and Indonesia/Jakarta/Malaysia, dubbed China-Philippines Express (CPX5). Operated by two 900 TEU vessels, it will connect: Hong Kong, Shenzhen (Shekou), Manila, Cebu, Jakarta, Bintulu, Manila, Bantangas and back to Hong Kong. As from mid-January, T.S. Lines will hire space on the 3x 1,600 TEU Japan/Taiwan-Vietnam NSC service of Evergreen between: Tokyo, Yokoyama, Shimizu, Nagoya, Yokkaichi, Taichung, Kaohsiung, Hong Kong, Ho Chi Minh, Hong Kong, Shenzhen (Shekou), Hong Kong and back to Tokyo. CMA CGM subsidiary Cheng Lie will realign its 4x 1,700 TEU Japan Thailand Express (JTX) with the ad-dition of Shimizu at the expense of the northbound stop at Taichung. The revised route will be: Tokyo, Yokohama, Shimizu, Nagoya, Osaka, Kobe, Keelung, Taichung, Kaohsiung, Hong Kong, Laem Chabang, Bangkok, Laem Chabang, Hong Kong, Kaohsiung, Keelung and back to Tokyo. Intra-Latin America MOL started calling at Pisco (Peru) with its Balboa-West Coast South America Guayaquil Paita Xpress (GPX). On the Balboa-Callao leg APL has just started taking slots. The revised route is: Balboa, Pisco, Callao, Paita, Guayaquil and back to Balboa.

COMPANIES Mergers and Takeovers Merger talks between China Shipping and Cosco will stretch into the New Year, the two said in stock ex-change filings in Shanghai and Hong Kong. The term is now extended until 10 January. Should after then talks be extended again, they will coincide with the Chinese New Year (31 January) with the outcome likely to be delayed even further.

The possible takeover of NOL/APL is apparently be-coming serious, as CMA CGM is searching for money to finance the acquisition. The French carrier is said to be talking with BNP Paribas, HSBC and JPMorgan Chase, amongst others. Under Singapore rules, the company needs to prove it has enough funds to back its offer. It has until 7 December to do so.


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CMA CGM is the result of the 1999 merger of Compagnie Maritime d'Affrtement (CMA) and Compagnie Gnrale Maritime (CGM). While CMA was established by Jacques R. Saad in 1978, state-owned CGM was already the result of an earlier merger, in 1977, between Compagnie Gnrale Transatlantique (CGT, 1851) and Compagnie des Messageries Maritimes (MM, 1861). In 1996, CMA turned out to be CGMs surprise buyer. Much of CMA CGMs corporate growth since then has been built upon acquisition: - 1999 - Australia National Line (ANL) - 1999 - Delmas - Mediterranean-Caribbean services, from

Bollor - 2003 - MacAndrews, from Andrew Weir Shipping - 2005 - Delmas, OT Africa Line and Setramar, from Bollor - 2007 - Cheng Lie Navigation (CNC) - 2007 - Compagnie Marocaine de Navigation (CoMaNav) - 2007 - US Lines (a NVO) - 2015 - OPDR (from Bernhard Schulte) Monday the world should know whether APL can be added to this list. Carriers Hapag-Lloyd will spend a part of the USD 300 million raised from its initial public offering (IPO) on repay-ing a high-interest loan. Upon the condition that it manages to refinance a USD 115 million vessel fi-nancing facility provided by banks, it will pay off USD 125 million from bonds placed in October 2010 and due in 2017. They have an annual interest of 9.7%. Hapag-Lloyd has said not to be in a hurry to order 20,000 TEU ships, although such was among the purposes of the recent listing move. The expected savings going from such ships may still be attractive, but no as much as when bunker prices were still over USD 700 per ton. We feel confident to get good ships in a more positive future, was the tenor of his comment. What will happen to G6 Alliance partner APL may also be part of the consideration. Hyundais liner business posted a 9M 2015 turnover of KRW 3.48 trillion (USD 2.9 billion), a decline -in lo-cal currency- of 7.2% year-on-year. Measured in US dollars, the decrease was a much higher 17%. Its op-erational loss on container operations was KRW 84 billion (USD 71 million) compared to KRW 66 billion in the same period last year, while its overall net loss reached KRW 218.8 bullion (USD 185 million). Due to the sales of various activities, the contribution of the container division has increased to three quarters of

the groups consolidated revenue, which means that there is not much more left to sell to make up for fu-ture losses, if any. '15/'14 9M15 9M14 3Q15 3Q14 Revenue (cnt) -17% 2,948 3,560 871 1,490 Opr profit (cnt) 14% -71 -63 -43 -13 Net profit -230% -185 142 3 222 Carryings (TEU) -9% 2,288 2,522 819 871 Rev/TEU (USD) -9% 1,289 1,411 1,063 1,711 Opr/TEU (USD) 25% -31 -25 -53 -15 Opr. Margin - -2.4% -1.8% -4.6% -0.6%

(Financials: converted million USD, carryings: 1,000 TEU)

Hyundais overall carryings went down to 2.3 million TEU, a decline of 9.3% year-on-year. There was a 13.6% growth on the Europe-Far East route, but Transpacific (-21.3%) and Intra-Asia (-10.7%) vol-umes dropped considerably.

Carryings Growth 9M15 9M14 9M13 '15/'14 TEU TEU TEU

Europe-Far East 13.6% 650 572 505 Transpacific -21.3% 767 975 943 Intra-Asia -10.7% 871 975 883 Total -9.3% 2,288 2,522 2,331

(1,000 TEU) Maersk Line said that it plans to keep its deployed capacity in 2016 at current levels (DynaLiners will check)! Its current armada measures slightly below 3 million TEU. During the first nine-months of 2015, ZIM saw carry-ings reduce by 4% to slightly more than 1.7 million TEU, whereas revenues dropped by as much as 11% to USD 2.3 billion. According to adjusted figures, EBITDA recovered from a USD 39 million loss in 9M14 to a pleasing USD 197 million in the same part of this year. The Israeli carrier made a 9-month and a quarterly net profit of USD 35 million and USD 11 million respectively. After an extended difficult peri-od: chapeau!

(Financials: converted million USD, carryings: 1,000 TEU)

'15/'14 9M15 9M14 3Q15 3Q14 Revenue -11% 2,304 2,596 749 854 EBITDA -605% 197 -39 61 -252 Net profit/loss -118% 35 -192 11 -63 Carryings (TEU) -4% 1,718 1,793 581 557 Rev/TEU (USD) -7% 1,341 1,448 1,288 1,533 EBITDA/TEU (USD) -627% 115 -22 105 -452 Opr. Margin - 8.6% -10.4% 8.1% -29.5%

DYNALINERS Weekly 33/2015 14 August

Copyright 2015 Dynamar B.V. - P.O. Box 440 - 1800 AK Alkmaar - The Netherlands

www.dynamar.com, [email protected], Phone: +31 72 514 7400 Managing Editor: Dirk Visser, Editor: Frans A.J. Waals

PORTS, TERMINALS & ARTERIES Europe In the first nine months of 2015, ports in Ireland handled 492,000 laden TEU, an increase of 5.2% year-on- year. Imports grew by 7.4% to 282,900 TEU, exports by 3% to 209,400. A rare bird, the gelochelidon nilotica or gull-billed tern, may prevent the deepening of the River Elbe giving access to the port of Hamburg. According to a report commissioned by the Hamburg Port Authori-ty on the projects environmental and nature ef-fects, as required by the European Commission, it would cause the extinction of this species whose on-ly remaining North European population resides in the Elbe delta. According to the EUs Habitats Di-rective such project may not cause irreversible dam-age to nature. Gelochelidon nilotica

Antwerps MSC PSA European Terminal (MPECT) has received the first five (of nine) new 25 boxes-wide gantry cranes for its terminal at Deurgangk Dock. They are some of the forty-one cranes that will operate at this facility, which will replace the MSC Home Terminal at Churchill Dock (behind the locks). Once fully operational, MPET will offer a ca-pacity of 9 million TEU with a quay length of 3.5 me-tres and an area of 240 ha. Dynamar has published the 2nd edition of Container Throughput & Terminal Capacity in North Europe, amongst other comprising identically structured profiles of 90 contain-er terminals and projects in 27 main ports (St. Petersburg-Sines range) of 11 North European countries. In addition to a great many terminal-features related analyses are 5-year Far East and US container trade statistics per country and 5-year

throughputs of all European ports, files on the drivers (big ships) of most if not all expansion and project plans and so much more. Mediterranean Ports in countries along the Black Sea (excluding Turkey) handled 1.21 million full TEU in 9M15, a de-cline of 13%. Including empties, the total reached 1.72 million TEU. Ukraines volumes dropped by 28% to 202,000 TEU, while Russias throughput came down by 15% to 309,000 TEU. With a decline of 11% to 169,000 TEU, Georgia did not fare much better. The top-5 carriers were Maersk Line (286,400 TEU), MSC (284,000 TEU), CMA CGM (128,800 TEU), Arkas (104,000 TEU) and ZIM (97,500 TEU), jointly control-ling a combined 74.2% of the Black Sea market.

Port Share '15/ 9M15 9M14

% '14% TEU TEU Bulgaria 10% 5 119 113 Georgia 14% -11 169 189 Romania 26% 0 317 315 Russia 25% -15 309 364 Ukraine 25% -28 300 419 Total 100% -13 1,214 1,401

(1,000 TEU) Middle East ICTSI has ordered two Ship-to-Shore gantry cranes with an outreach of 42 metres plus other yard equipment for its Basra Gateway Terminal in the Iraqi port of Umm Qasr. They will be used for its new Berth 20. Their delivery is planned for the se-cond quarter of 2016. The Suez Canal Authority and the Red Sea Ports Au-thority have signed an agreement with DP World and Sonker Bunker Company to develop a new har-bour, which will, amongst others, house a new con-tainer terminal. The plan to add extra box capacity is not new, but the project stalled as the port failed to attract extra cargo and the port authority threat-ened to cancel DP Worlds concession (DL 33/14). Far East South Koreas 9M2015 port liftings exceeded 19 mil-lion TEU, a rise of 3% year-on-year. The countrys


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biggest outlet Busan handled 14.5 million TEU (+4%), but volumes at Kwangyang went down by 3%. At In-chon they remained unchanged. The small ports Daesan, Jeju, Seogwipo and Wando fared well again year-on-year, reporting strong growth.

Port Share '15/ 9M15 9M14 9M13

% '14% TEU TEU TEU Busan 76.1 4 14,470 13,901 13,192 Daesan 0.4 32 74 56 45 Inchon 9.1 0 1,733 1,729 1,576 Jeju 0.2 43 42 30 23 Kunsan 0.2 -8 31 34 30 Kwangyang 9.1 -3 1,724 1,769 1,664 Mokpo 0.5 36 102 75 73 Pohang 0.3 -38 66 108 104 Pyeongtaek 2.2 6 414 392 375 Seogwipo 0.1 23 20 16 15 Ulsan 1.5 -2 290 295 291 Wando 0.1 25 20 16 15 Other 0.2 70 39 23 28 Total 100 3 19,025 18,443 17,432

(1,000 TEU) Singapore has extended its block exemption for liner shipping from competition rules by five years until 31 December 2020. The exemption allows agree-ments between two or more vessel operating carri-ers on price, technical, operational or commercial arrangements. As a transhipment port, Singapores competitive position depends very much on its at-tractiveness for vessel operators, as (joint) services could easily switch away to other ports, such as Port Kelang and Tanjung Pelepas. Australasia DP Worlds USD 20 million plan to upgrade the con-tainer terminal in Burnie (Tasmania) now has a ques-tion mark, as the Australian Senate rejected a pro-posed shipping bill allowing foreign vessels more freedom in serving Australian destinations (DL 47/15). It would have allowed foreign vessels oper-ating between Australian ports (cabotage) for more than six months per year to pay foreign wages to their crew. As it will affect the viability of the pro-ject, the stevedore has hinted it will withdraw from the project if the ban is not lifted. Australias Competition and Consumer Commission (ACCC) has rejected Brookfield Infrastructures plan on how it would preserve competition on the coun-trys rail network should it to take over Asciano,

amongst others parent of stevedoring company Pat-rick Terminals. Brookfield already owns 5,500 kilo-metres of rail network in Western Australia. DL 46/15 refers. North America It was bound to happen. The first (almost) 18,000 TEU vessel, CMA CGMs new CMA CGM Benjamin Franklin, will, with the paint still fresh, call at the US West Coast ports of the Los Angeles and Oakland. As such, it will be the largest tonnage calling there since MSC introduced ships of 14,000 TEU. Appar-ently, there is so much overcapacity on the Europe-Far East route, that she is not welcome there, giving the opportunity to test the US ports capability to handle her. Latin America King Ocean will add a northbound call at Santo To-mas de Castilla to its Nicaragua/San Andres service en route to Port Everglades. The new port order will be: Port Everglades, San Andres, Rama, Santo Tomas de Castilla and back to Port Everglades. Hamburger Hafen und Logistik AG (HLLA) has de-nied that it has formally expressed its interest in bidding for the concession to operate the planned Corozal terminal at Balboa (DL 47/15) and is not in-terested in the project, anymore. This leaves ten stevedores in the race for the 5.2 million TEU pro-ject. Arteries The Suez Canal Authority (SCA) has officially ap-proved the building of a new, 9.5-kilometre long, 17 metres deep and 205 metres wide access channel to Port Said East, which will allow vessels transiting the main waterway to be separated from traffic to and from the Suez Canal Container Terminal (SCCT). SSCT will provide USD 15 million of the USD 36 mil-lion total cost. Completion is foreseen for mid-2016. According to GUPC (Grupo Unidor por el Canal), re-pairing the leaking doorways in the locks of the Pan-ama Canal, will be finished by mid-January 2016. It is hoped that this will be early enough to be ready for the intended opening in April. The planned Nicaragua Canal is facing yet another delay, as concession holder Hong Kong Nicaragua Development (HKND) announced it would not start


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building before late 2016, a year behind the latest schedule. In the meantime, the question remains who will foot the USD 50 billion bill, as its main sponsor, Chinese billionaire Wang Jing (and CEO of

HKND), has lost most of his fortune in the recent crash of the Shanghai stock exchange.

SHIPS & CONTAINERS

Unless specified otherwise, all cellular containership capacities stated throughout DynaLiners are nominal TEU. Details on new-building are given in good faith but without guarantee. Unless of an urgent or special news value, details on chartering, new-building deliveries, sales and demolition are published in DynaLiners Monthly, issued every 3rd week of the month. Containers In 2015, just above 2 million TEU dry containers will be constructed, according to estimates from Worldcargo News, a reduction of 37% compared to last year. The main manufacturer is CIMC, building 31% fewer boxes, ahead of Singamas (-45%) and CXIC (-43%). The fast majority of them will be stand-ard (20, 40 and HC), with the remainder consisting of specials (including open top/side, bulk and flat racks), palletwides and US Domestic containers.

Manufacturer '15/ 2015 2014 2013 '14 TEU TEU TEU

CIMC -31% 1,015 1,480 1,145 Singamas -45% 335 605 500 CXIC -43% 300 525 405 Dong Fang -29% 220 310 240 MCI-Dongguan -32% 105 155 145 Pan Ocean Container -30% 35 50 0 Other Chinese -69% 20 65 50 Rest of the World -50% 30 60 65 Total -37% 2,060 3,250 2,550 ISO standard -36% 1,970 3,065 2,375 ISO special -45% 30 55 60 Palletwide -50% 35 70 55 US Domestic -58% 25 60 60

(1,000 TEU, sourced from Worldcargo News)

Newbuilding In contrast to what DynaLiners and other media claimed last week, Evergreen has not ordered ten more ships of 2,800 TEU, but has allocated ten of its existing twenty unit order book to one of its subsidi-aries, Greencompass Marine S.A. (GMS). DL 48/15 refers. Design Classification society DNV GL has, together with CMA CGM and French LNG specialist GTT (Gaztransport & Technigaz), developed a new con-tainer ship design with the project name PERFECt, which stands for Piston Engine Room Free Efficient Container ship. The concept vessel is LNG-fuelled, powered by a combined gas and steam turbine, and electrically driven. As the main engine room is ac-commodated in the deckhouse and the LNG tanks located directly under it, with small electrical en-gines in the aft of the ship, the system creates extra cargo space rather than using extra.

PERFECt (Source: Lloyds List)


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FACTS AND FIGURES (unless stated otherwise, all rates on this page are USD) Indicative bunker market prices Type/ 380 Cst 180 Cst MDO Port USD/ton USD/ton USD/ton

Rotterdam 183 203 351 Genoa* 206 226 445 Fujairah 211 217 580 Singapore 215 221 414 Tokyo 248 254 355 Durban* n/a 234 560 Houston* 166 216 420 Long Beach* 219 269 459

Historical Rotterdam Prices

26-Nov-15 196 217 388 04-Dec-14 368 398 620

Wednesday/Thursday's prices (*ex-wharf) Source: Oil Shipping (Bunkering), Rotterdam

Crude oil future prices for delivery in: Date/ Jan-16 Feb-16 Mar-16 Crude USD/barrel USD/barrel USD/barrel

Brent 42.73 43.38 43.98 Thursday's future prices (per barrel) for Brent

Freight indices Index Week 48/15 Week 47/15 Week 48/14

CCFI 750.54 775.69 1,047.04 SCFI 535.22 484.14 949.65 WCI 783.60 861.86 1,737.98

Charter indices Index Week 48/15 Week 47/15 Week 48/14

BOXi 55.63 56.03 60.18 ConTex 353 362 372 HARPEX 380 386 422 Howe Robinson 481.9 481.9 542.3

Rates of exchange Date/ 03-Dec-15 26-Nov-15 4-Dec-14 Currency /USD /USD USD

BRL 3.83 3.76 2.57 CHF 1.02 1.02 0.98 CNY 6.40 6.39 6.15 EUR 0.95 0.94 0.81 GBP 0.67 0.66 0.64 JPY 123.46 122.59 119.95 KRW 1,164.45 1,148.38 1,115.65 TWD 32.82 32.53 31.14

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DYNAMAR recently-issued credit reports Company

Asean Seas Line Co., Limited Compagnie Maritime Marfret S.A. Hamburg Sdamerikanische Dampfschifffahrt-Gesellschaft Hanjin Shipping Co., Ltd. Shreyas Relay Systems Ltd The China Navigation Company Pte. Ltd.

Dynamar has just completed another well researched and presented survey on the worldwide container trades connecting with economically strong growing Africa. Building upon and updating the 2011 and 2013 editions, we are proud to present:

The East and Southern Africa (worldwide) Container Trades (2015) Combined, East and Southern Africa have seen full container volumes grow along their main trade lanes by an average of over 9% (CAGR) since 2010. This is backed up by the value of merchandise trade ex-panding by more than 26% to USD 385 billion over the same period. If GDP achieves USD 818 billion by 2018 as the IMF forecasts, it will have increased by a very decent 4% CAGR. It is not the twelve littoral East and Southern African countries only doing relatively well, albeit with sub-stantial divergences, the eleven landlocked nations are fast developing as well. So are -thus- the corridors stretching and connecting them to the major gateway ports. The further good news is that Somali-attributed pirate attacks have diminished, from 2010's around 220 to barely ten (10 too many) last year. For everybody involved, either directly or indirectly, in the movement of cargo by sea to and from East and Southern Africa, this report provides a wealth of information and even more in the form of summaries, outlines, profiles, data, analysis, tables, graphs on the East and Southern Africa (worldwide) Container Trades (2015) and its: - 6 deepsea trade lanes: 5-year main-trade full container TEU statistics - 47 container services: carriers, frequencies, port rotations, ships, notes - 23 trade-related carriers: carrier, service, port & annual trade capacity analysis - 16 of 23 African ports: 16x 5-year throughputs - 23 countries: Main moving commodities, trade partners, operating and trade ratios - 10 hinterland corridors: Economy, merchandise trade, background Throughout, in addition to overall data, analyses also makes distinction between the three trade compo-nents of East Africa, ,Southern Africa and Indian Ocean Islands. The report's price includes a free sub-scription to 6 monthly updates!

Prices: PDF - EUR 990 | Printed/Bound - EUR 1,010 | Both formats: EUR 1,075 The East and Southern Africa Container Trades (2015) study can be downloaded (requiring a password) at

www.dynamar.com/publications/150. Or please contact us at: [email protected] or +31 72 514 7400

Dynamar, since 1999 publishers of DYNALINERS, one of the best-known portfolios of newsletters and commen-tary on the worldwide liner trade, has released the 2015 edition of the DYNALINERS Trades Review, its annual, comprehensive liner shipping report.

The glossy-printed magazine contains a wealth of liner shipping data and comes in a handy A4 format for easy daily consulting of its overwhelming contents packed with tables, statistics, summaries and overviews.

Main sections of the DynaLiners Trades Review (2015):

A well-researched global container trade survey with

this year's title: More for Less A month-by-month, subject-by-subject overview of all

2014 main Liner Shipping issues An extensive non-container section: Breakbulk - Heavy

Load - Ro/Ro - Reefer An abundance of data, statistics, summaries and over-

views on a plethora of liner shipping topics And finally, the customary last chapter reminds

the reader that container shipping is just Part of a Long Chain that has adjusted to liner shipping and that maybe the time has come for liner shipping to re-adjust to the Chains demand

The DynaLiners Trades Review (2015) is a must on the desk of every (liner) shipping executive, traffic manager and terminal operator, in fact for everybody involved, directly or indirectly, in the movement of general cargo by sea.

The DynaLiners Trades Review (2015) can be ordered from our website, where you can also download the (free) Contents and Index Overview: www.dynamar.com/publications/148

Alternatively, please mail or fax your order to: Dynamar B.V., P.O. Box 400, 1800 AK ALKMAAR - The Netherlands - Fax +31 72 515 1397

Phone: +31 72 514 7400 - E-mail: [email protected] Yes, I would like to order: Copy (copies) of the DynaLiners Trades Review (2015)

Prices/conditions (please tip the box of your choice) I am a DynaLiners-subscriber and pay EUR 85 for an extra copy

I am NOT a DynaLiners-subscriber and pay EUR 170 for a hard copy - or EUR 190 for a PDF (NEW, download link)

I want to subscribe to DynaLiners and receive one free copy of the Trades Review - contact me! Full name

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EAST COAST SOUTH AMERICA (worldwide) CONTAINER TRADES 2015

Building on previous studies of 2013 and 2011, the 2015 edition of EAST COAST SOUTH AMERICA (worldwide) CONTAINER TRADES allows a spot-on assessment of the development of the always promising, though not all the time

delivering, worldwide East Coast South America trades - Over the period 2010-2014, the annual full container trade volume (import and export, all trades) increased by 14% - Perhaps not a very exciting growth, but yet in a trade that is

constant on the move - As one example: between 2011 and 2015, average vessel sizes in the two main long haul routes with Argentina, Brazil, Uruguay and Paraguay increased by 63% on the Far East route, and even by 95% to/from North Europe - The 2015 survey once again offers a wealth of data, analyses, figures, overviews and tables on the East Coast

South America container trades. Features include: Extensive profiles of each of the nine deepsea trades with the Far East, North Europe, Mediterranean, North America, Carib-

bean, Africa, Middle East/Indian Sub Continent, Australasia, West Coast South America, as well as intra-Mercosul Containing various sections comprising data on individual container operations (carriers, schedules, ships, capacities); evolu-

tion of services; vessel sharing; services overview; trade capacities per service, carrier and port of call; service grids, and last but not least:

5-year liftings (overall and per carrier) - 5-year full container volumes (TEU) split for import and export - 5-year overall trade forecasts - 5-year East Coast South America port throughput, growth, shares

Container port and terminal developments -Trade lane-based profiles of all nineteen carriers -Vessels deployed, significant developments and operational impacts -Major global, international and regional container terminal operators

Merchandise trade; national and regional economic contexts - Statistical based-East Coast South America country profiles

The publication price includes a subscription to six/6 monthly updates on service changes and other significant trade developments taking place after report closing date, including their effects on capacity, if any. Each update is also in-

serted in the study's Post Publication chapter.

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Dynamar is proud to present:

CONTAINER VOLUMES & TERMINAL CAPACITY in NORTH EUROPE ii

What is the status of actual, planned and intended container terminal capacity in North Europe? How are container volumes expected to grow over the next 10 years? How is box handling supply expected to devel-op? Where may space become tight; where will it remain ample? And foremost, which ports and terminals can accommodate the latest generation of Ultra Large Container Ships (ULCS)? This report analyses the pre-sent and future container terminal capacity in all North European ports called by North Europe-Far East (21) and Transatlantic (18) container services, making up for 80% of relevant North Europe port handlings.

Features include: Executive Summary with sharp analyses of all relevant throughput, capacity and terminal performance data Identically structured profiles and overviews of nearly 80 existing terminals, 20 expansions and some 20 new Projects in 27 different ports and 11 seaboard countries in North Europe (Baltic Russia-Portugal range) Terminal name - operator - ownership - location - surface - quay length - depth alongside - number/outreaches

of Ship-to-Shore gantries - reefer points - TOS - TEU capacity 2014 - TEU handlings 2014/2013 - expansion plans The Big Ships Files - the ULCS phenomenon and its impact on ports 2014/2024 status, annual development and forecast of terminal capacity 2005/2024 historic and forecast port container throughput 5-year TEU throughput of all North European ports (more than 66 million TEU in 2014)! 5-year full TEU volumes North Europe-Far East and Transatlantic trade stats (by North European country) All North-Far East and Transatlantic box services - North Europe ports of call analyses for both trades Transhipment shares and feeder volumes of 10 main hubs - Inland modal split of the Gateway ports - Interna-

tional/Global Terminal Operators North European presence - historic and forecast GDP growth per country

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PU (Liner) Shipping Insight Reports0323 DynaLiners Trades Review 2015 subscribers : one FREE; extra copies : Jun-15 105 85 1700323 DynaLiners Trades Review 2015 for non-DynaLiners subscribers : Jun-15 190 170 2550319 Dynamar REEFER Market Analysis Dec-14 915 935 1,0000309 Top 25 Container Liner Operators - Trading Profi les Dec-14 575 595 6600312 Deepsea RO/RO Shipping - Operators, Ships, Markets Mar-14 645 665 7300296 Breakbulk III - Operators , Fleets , Markets Mar-13 645 665 7300298 Containers - Makers, Lessors, Users Apr-12 635 655 7000281 Slow Steaming - A transient fashion or here to stay? Aug-10 295 315 3600217 Feedering and Transhipment - Trades , Top Operators & Ships Aug-07 355 375 420

PU Container Trades and Markets StudiesThese reports are available "as is", but can be fully updated/customised

0307 East & Southern Africa Container Trades (Europe/As ia/Americas ) Sep-15 990 1,010 1,0750320 East Coast South America 2015 Container Trades (Europe/As ia/Americas ) Apr-15 975 995 1,0600321 East-West Container Trades: the Alliances Playground Jan-15 950 970 1,0350315 Intra-Mediterranean Container Trades Sep-14 1,165 1,185 1,2500314 West Africa Worldwide Container Trades Mar-14 985 1,005 1,0700304 Intra-Europe Container Trade Mar-13 1,135 1,155 1,2200303 Europe-Mediterranean Container Trade Dec-12 975 995 1,0400300 West Coast South America Container Trades (worldwide) Jul -12 975 995 1,0400253 Panama Canal Container Trades: Past, Present and Future Jan-09 475 495 540

PU Other Shipping Publications0301 Container Throughput & Terminal Capacity in Europe II (updated) Apr-15 670 690 7350290 Container Throughput & Terminal Capacity in the Mediterranean Apr-13 635 655 700

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