HANSA 11-2019

FINANZIERUNG | FINANCING
Chinese fleet –
quantity and quality side by side
in cooperation with
Looking at spending by Chinese Leasing
companies reveals a mixed picture.
While some organisations such as
Bank of Communications, ICBC Financial
Leasing, China Development Bank or
China Merchants Bank focus primarily on
second hand purchases, others like AVIC
Leasing have a focus on newbuild orders.
CSSC Shipping is by far the largest player
in terms of portfolio (1.1 bn $) and finances
only new build tonnage.
The age profile of the Chinese-flagged
fleet shows that the majority of vessels is
relatively young, ranging between zero
and 14 years, with a clear emphasis on the
5-9 years age group. The Chinese flagged
fleet is dominated by bulkers in terms of
number of vessels as well as in terms of
value (813 ships, 7.9 bn $). Tankers come in
second at 485 ships worth 5.4 bn $. Third
in terms of value is the Module Carrier
segment at 2.5 bn $ with only 59 ships.
The 220 Chinese flagged containerships
are worth 2.5 bn $ followed by the Small
Dry (254 ships, 1.2 bn $) and the OSV
(328 ships, 1.1 bn $) segments. It gets interesting
again in the gas carrier, vehicle
carrier and OCV segments that are all relatively
small in terms of number of vessels
but disparately valuable.
Looking at trade patterns and cargos,
top import ports for capesize cargos are
Caofeidan, Jingtang, Rizhao, Qingdao
and Ningbo. The most important capesize
export region into China is by far West
Coast Australia. Far behind, South America
North Coast and East Coast, West and
South Africa follow. Another interesting
picture is revealed by a looking at the
Chinese container export growth, which
shows a quite steady upward trend that has
picked up significantly since 2015. fs
Chinese Flagged Fleet by Vessel Type (Number of Vessels)
Tanker
485
MODU
59
Container
220
Small Dry
254
Chinese Flagged Fleet by Vessel Type (Total Value $ millions)
Tanker
$5.387
MODU
$2.518
Container
$2.480
Bulker
813
Reefer
22
OSV
328
OCV
11
LPG
82
LNG
7
Vehicle Carrier
35
Bulker
$7.895
Reefer
$36
OSV
$1.143
OCV
$433
Small Dry
$1.232
LNG
$639
LPG
$606
Vehicle Carrier
$421
Chinese Flagged Fleet Age Profile
$10.000
900
$9.000
800
$8.000
700
Total Value USD millions
$7.000
$6.000
$5.000
$4.000
$3.000
Number of Vessels
Total Value USD m
600
500
400
300
Number of Vessels
$2.000
200
$1.000
100
$0
0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49
0
32 HANSA International Maritime Journal 11 | 2019