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Shipping Statistics
and Market Review
FOCUS 2004
World merchant
fleet
Tanker fleet
World merchant fleet
by ownership patterns
Bulk fleet
General cargo and
container shipping
Cruise fleet
World shipbuilding
Maritime casualties
World port development
Major shipping countries and
seaborne market developments
Coverage
Institute of Shipping Economics and Logistics
48
6
th year of
publication
Market Analysis
Market Review
Statistical Topics

ISL Shipping Statistics and Market Review ( SSMR )
Volume 48 (2004)
published 9 times per year
(double issues Jan./Feb., Aug./Sep. and Oct/Nov.)
ISSN 0947 - 0220
Copyright - Institute of Shipping Economics
and Logistics (ISL), Bremen
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Christel Heideloff
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Fleet Data Base: Reinhard Monden
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Shipping Statistics
and Market Review ( SSMR)
FOCUS
GENERAL CARGO AND
CONTAINER SHIPPING
Coverage
Market Analysis
ISL Seabase
Market Review
Statistical Topics
Institute of Shipping Economics and Logistics
No 6
June 2004

Statistical topics in detail ISL
I THE SHIPPING MARKET
1.1 TONNAGE LAID-UP 29 - 31
8 By Month 2003 and 2004 8 By Country Groups of Registration and Ship Type
8 By Year of Build and Ship Type
8 By Major Flags and Ship Type
8 Reported Monthly Tonnage Reduction and Addition by Ship Type
1.2 TONNAGE BROKEN-UP 32 - 33
8 By Month 2003 and 2004 8 By Major Flags and Ship Type
8 By Year of Build and Ship Type 8 By Country Groups of Registration and Ship Type
1.3 SPECIAL FLEETS - GENERAL CARGO AND CONTAINER SHIPS 34 - 50
8 Total General Cargo Fleet 8 By Size Class and Division of Age
8 Fleet Development by Ship Type 8 General Cargo Reefer Ships
8 Total General Cargo Fleet by Ship Type and Registered Flags According 8 By Major Flags
to Regions
8 By Size Class and Division of Age
8 Total General Cargo Fleet by Ship Type and Countries of Domicile 8 Ro-Ro Cargo Fleet
According to Regions
8 By Major Flags
8 Total General Cargo Fleet by Ship Type and Top Ten Countries of Domicile 8 By Size Class and Division of Age
8 Total General Cargo Fleet by Registered Flags According to Country 8 Fully Cellular Container Fleet
Groups and Division of Age
8 Fleet Development
8 Total General Cargo Fleet by Countries of Domicile According to Country 8 By Size Class and Division of Age
Groups and Division of Age
8 By Registered Flags and Countries of Domicile According to
8 General Cargo Single-Deck Fleet
Country Groups
8 By Major Flags 8 By Registered Flags and Countries of Domicile According to Regions
8 By Size Class and Division of Age 8 By Major Flags
8 General Cargo Multi-Deck Fleet 8 By Size Class and Division of TEU-Capacity
8 By Major Flags 8 By Country Groups and Division of TEU-Capacity
8 By Size Class and Division of Age 8 Top 15 Container Operators
8 Fleet of Special General Cargo Ships
8 By Major Flags
8 The Global Players
2 FREIGHT MARKET 51 - 57
8 Hamburg Index of Container Ship Charter Rates 8 Lloyd's Shipping Economist Tramp Trip Charter Indices
8 German Sea Freight Indices 8 Maritime Research Freight Indices
II SHIPBUILDING
1 WORLD SHIPBUILDING 58-59
8 Number of Contracts by Ship Type March 2003 - Junel 2004
8 Existing Container Fleet by Yard of Build According to Year of Build and TEU Size Class
2 SHIP TYPE SURVEY 60 - 63
8 General Cargo Ships on Order 8 Fully Cellular Container Ships on Order
III PORTS AND SEA CANALS
1 PORT SURVEYS 64 - 71
8 World Container Port Traffic by Country 8 Regional Spreading of Container Traffic of Selected Ports
8 Total Container Traffic of Selected Ports by Region 8 Container Services on Major Trade Routes and Service Frequency
2 SEA CANALS 72 - 74
8 Monthly Shipping and Goods Traffic Overview 8 Kiel Canal
DEFINITIONS OF STATISTICAL CONTENT 75
FIGURES
Page Page
I- 1 General Cargo Ships - Fleet Development 38 III- 1 Container Traffic at Major American Ports by Region 66
I- 2 General Cargo Fleet - Annual Tonnage Changes 38 III- 2 Container Traffic at Major Asian Ports by Region 67
I- 3 General Cargo Fleet - Age Structure by Year of Build 38 III- 3 Container Traffic at Major European Ports by Region 68
I- 4 Container Ships - Age Structure by Size Class 47 III- 4 Regional Spreading of Major American Ports by Region 69
I- 5 Container Ships - by Registered Flags and Countries of Domicile
According to Regions
II- 1 Container and General Cargo Fleet - Orderbook as of
January 1st, 1994 - 2003
2 SSMR June 2004
Page
47 III- 5 Regional Spreading of Major Asian Ports by Region 70
47 III- 6 Regional Spreading of Major European Ports by Region 71
59 III- 7 Kiel Canal - Transit and Sectional Goods Traffic 1993 - 2003 73

ISL Market Analysis 2004
CONTAINER AND GENERAL CARGO FLEET DEVELOPMENT, SUPPLY/DEMAND PATTERNS AND
WORLD CONTAINER PORT DEVELOPMENT
As of January 1 st , 2004, the fully cellular container fleet
stood at 3,036 ships with 90.2 mill dwt equal to 6.4
mill TEU total and the general cargo fleet comprised
16,487 ships with 95.2 mill dwt equal to 1.9 mill TEU.
Together these fleet segments had, in terms of dwt
tonnage, a share of 22.1 per cent of the total world
merchant fleet (ships of 300 gt and over). The world
merchant fleet had a total capacity of 8.6 mill TEU,
whereby at the beginning of 2004, 74.7 per cent of this
capacity was attributable to the fully cellular container
THE WORLD CONTAINER FLEET
Tonnage supply 2004
In the period of 2000-2004, the TEU-capacity of the
world container fleet grew per year on average by
10.6 per cent, whereas the number of the container
vessels rose by 5.6 per cent and the deadweight
tonnage by 9.3 per cent.
During the year 2003, the fully cellular container fleet
grew by “just” 8.6 per cent (based on TEU). Compared
with 1994, the fully cellular container fleet has more
than doubled its TEU capacity (+ 215 %), whereby the
disproportionate increase of the TEU capacity indicates
the trend towards larger container ships.
Fig. 1: Container fleet development as of January 1st ,
1986 – 2004 (Index 1986 = 100)
ISL 2004
pages
43-48
In the period of 1999-2003, 850 container ships with
32.4 mill dwt and 2.5 mill TEU were added to the
trading fleet. In the same period only 176 container
ships with 3.5 mill dwt were reported as broken-up.
The average ship size continued to increase during
2003 and stood at 2,126 TEU at the beginning of
2004 compared to 1,782 TEU in 2000 and 1,503
fleet compared with TEU/shares of 48.8 per cent in
1989 and 67.6 per cent in 2000.
Besides supply and demand patterns the ISL market
analysis presents assumptions on future containerised
trade developments and includes information on
container traffic for the leading world ports. Included in
the SSMR issue is an extract of a new information
service - the “ISL Monthly Container Port Monitor”
(compare pages in the middle of this issue).
TEU in 1995. The post-Panamax fleet accounts for
286 vessels with a share of 25 per cent of the total
TEU capacity.
During 2003, 172 container ships were added to the
fleet with a capacity of 7.2 mill dwt and 0.57 mill TEU
respectively. Compared with previous years these new
entries had an extremely high average capacity,
namely 3,320 TEU. 26 fully cellular ships were in sizes
of 6,000 TEU and above (compared with 25 ships
during 2002 and 9 ships during 2000).
Fig. 2: Container fleet additions and reductions
during 1993 – 2003 (in mill dwt) 1
ISL 2004
Ships added to the world container fleet during 2003
represent 5.7 per cent of all fully cellular container
ships, 7.9 per cent of the deadweight tonnage and 8.8
per cent of the TEU-capacity of the active container
fleet at the beginning of 2004.
1 Additions - newbuildings entering the fleet refer to the fleet data of
the following year. Reductions - broken-up tonnage refers to the
fleet data of the respective year
SSMR June 2004 3

Container and general cargo fleet, supply/demand, ports
Tab. 1: Key figures on world fully cellular container fleet 2004/2003
Size class No of 1,000 1,000
dwt-%
change over
No of 1,000 1,000
dwt-%
change over
(TEU) ships TEU dwt prev period ships TEU dwt prev period
TOTAL FLEET (JANUARY 1st, 2004)
TOTAL ORDER BOOK (JANUARY 1st, 2004)
unknown 15 ... 28 -87.4 14 ... 151 ...
- 999 868 483 7625 0.8 55 44 570 87.1
1000 - 1999 902 1271 19312 2.8 63 91 1181 44.9
2000 - 2999 508 1256 18223 5.1 103 264 3512 70.6
3000 - 3999 270 931 12816 5.7 36 118 1600 112.3
4000 - 4999 234 1026 13929 9.7 95 417 5299 89.3
5000 - 5999 130 717 8729 12.3 74 396 4937 118.6
6000 - 6999 80 517 6529 32.1 29 190 2296 20.4
> = 7000 29 224 3022 31.8 119 967 11802 301.9
Total 3036 6424 90214 7.7 588 2487 31348 120.1
Total prev. year 2905 5893 83744 10.0 316 1109 14244 -14.4
ADDITION TO FLEET DURING 2003
BROKEN-UP DURING 2003
unknown 1 ... 3 900.0 1 58 - -
- 999 28 20 244 -21.6 26 14 292 49.4
1000 - 1999 27 35 463 -42.5 15 20 363 -1.2
2000 - 2999 38 96 1317 -3.6 7 18 298 ...
3000 - 3999 11 35 450 29.2 - - - -
4000 - 4999 24 104 1260 -41.1 - - - -
5000 - 5999 17 95 1156 -0.1 - - - -
6000 - 6999 19 123 1536 -9.9 - - - -
> = 7000 7 60 725 77.4 - - - -
Total 172 568 7155 -13.2 49 110 953 4.9
Total prev. year
Ships of 300 gt and over
ISL based on LR/Fairplay
207 634 8240 32.4 42 52 908 87.3
The large amount of new ships entering the container
fleet throughout the last years is decisive for the age
profile. Container ships are much younger than any
other ship type within the world merchant fleet. At the
beginning of 2004, their average age stood at 10.5
years. 27.5 per cent of all container ships were
attributable to building years in the period of 1999-
2003 and 26.4 per cent were built before 1989. The
latter age class represent, in terms of tonnage, only
20.6 per cent of the total container fleet which is equal
to a TEU share of 17.9 per cent. Thus, the scrapping
potential in the container shipping market is limited.
Based on the average age of broken-up tonnage for
the year 2003, which stood at nearly 26 years, there
are about 150 ships with 2.2 mill dwt equal to 0.12
mill TEU in this age category.
In the period of 2000-2004, the TEU-capacity of fully
cellular container ships up to 999 TEU increased on
average by 2.6 per cent, whereas the size classes
1,000-1,999 TEU and 2,000-3,999 TEU grew by 4.0
per cent and 6.1 per cent respectively. A record high
was realised by ships in sizes above 4,000 TEU. Their
TEU-capacity increased in the period 2000-2004 on
average by 24.1 per cent yearly.
Thus, looking at the size development of container
ships there is, as in previous years, a marked tendency
towards larger units. At the beginning of 2004, 473
fully cellular container ships, equal to a share of 38.7
4 SSMR June 2004
per cent of the total TEU-capacity of the world cellular
container fleet, were attributable to sizes above 4,000
TEU. Moreover 109 container ships with approx.
741,000 TEU were attributable to size categories of
6,000 TEU and over, other 148 ships in this size
category stood in the order book of January 1 st , 2004.
Fig. 3: Container fleet development by TEU-size
classes as of January 1 st , 2000 – 2004
ISL 2004

Container and general cargo fleet, supply/demand, ports
The largest container ships in service at the beginning
of 2004 are four OOCL ships with a capacity of 8,063
TEU, like the “OOCL Shenzhen” 2 .
Container fleet by ownership patterns
and ship operators 2004
Pages
48; 70-72
At the beginning of 2004, the container tonnage (dwt)
registered for OECD countries had a share of 30.8 per
cent of the world fully cellular container fleet, whereas
in 1991 their share stood at 44.3 per cent (ship of
1000 gt and over).
Fig. 4: Container fleet development by country groups
as of January 1st , 1994-2004 (ships of 1000
gt and over)
ISL 2004
Over one third of the container TEU-tonnage belongs
to the open registry flags Panama and Liberia. At the
beginning of 2004, 583 container ships with 20.7 mill
dwt and 1.5 mill TEU were registered in Panama which
is equal 23.0 per cent of the total TEU capacity of the
world fully cellular container fleet. Liberia ranks on the
second place with 376 vessels having a capacity of
0.95 mill TEU representing 14.8 per cent of the total
TEU capacity of the world fully cellular container fleet.
At the beginning of 2004, the German registered fully
cellular container fleet stood at 0.46 mill TEU (2003:
0.51 mill TEU) and is the third largest flag in world
container fleet ranking.
At the beginning of 2004, the top ten open registry
flags registered 51.8 per cent of the world container
tonnage (dwt). In the period of 2000-2004, they
increased their registered tonnage volume in container
shipping yearly on average by 13.1 per cent.
2 But 19 container ships (of the Maersk S-class serie) range as officially
indicated by A.P. Möller between 6,418 and 7,226 TEU, whereas experts
estimate their TEU-capacity up to 8,500 TEU.
Tab. 2: Container fleet by national and foreign flag
distribution as of January 1 st ,2000 – 2004
National flags Total foreign flag share
Year No mill dwt No mill dwt No dwt
2000 989 26.8 2,287 60.6 56.8 55.7
2001 1,001 27.9 2,406 65.4 58.4 57.4
2002 1,001 29.3 2,524 71.6 60.3 59.0
2003 987 30.1 2,640 76.8 62.6 60.8
2004 965 30.8 2,848 86.2 66.1 64.3
ISL based on LR/Fairplay; ships of 1000 gt and over, excl.
unknown
At the beginning of 2004, the “country of domicile”
analysis, including container ships of 1,000 gt and
over, reflects that 64.3 per cent of the container
tonnage was not registered in the country of domicile of
the owner, but flagged-out. Whereby 76.8 per cent of
the container tonnage, in terms of dwt, was attributable
to OECD-countries (excl. unknown) 3 .
Tab. 3: World container fleet (registered and
controlled) by region as of January 1 st , 2004
(1) dwt % share of world fleet 2004
(2) dwt %- change over prev year
(3) Average yearly growth rate 2000 - 2004 (dwt)
Controlled Registered
(1) (2) (3) (1) (2) (3)
Europe 56.9 19.5 14.1 27.4 7.6 8.7
of which EU 50.5 20.3 86.4 25.1 1.9 8.9
North America 5.0 5.6 4.4 3.7 1.7 1.8
Latin and South America 0.1 -66.1 -16.5 31.0 -1.7 10.7
Asia and Oceania 33.5 3.7 3.9 23.5 0.7 4.5
Africa 0.1 -11.9 -30.4 14.5 -12.6 20.7
Unknown 4.4 -42.8 10.5
Total
Ships of 1000 gt and over
ISL based on LR/Fairplay
100.0 7.7 9.3 100.0 7.7 9.3
There is a strong concentration on European and Asian
shipowners. At the beginning of 2004, European
shipowners controlled at least 3.7 mill TEU equal to
60.0 per cent of the total TEU capacity of the world
container fleet. At the same time the share of Asian and
Oceanian owners reached 34.5 per cent. In the period
of 2000-2004, European and Asian container
shipowners increased their fleets, measured in TEU, per
year by 15.6 per cent and 5.1 per cent respectively.
As far as container ship operators are concerned the
container shipping industry has gone through a period
of massive concentration which is not necessarily
reflected in the above ownership analysis.
Approx. 65 per cent of all fully cellular container ships
and 75 per cent of the global TEU capacity is
3 Based on the total world merchant fleet excluding ships where the country
of domicile is unknown.
SSMR June 2004 5

Container and general cargo fleet, supply/demand, ports
controlled by only 15 operators. The largest is Maersk-
Sealand, operating a capacity of 778.000 TEU equal
to 13.0 per cent of the total world fleet capacity. Nine
of the top 15 operators are with major parts of their
fleets involved global alliances. As shown in Fig. 8,
about 28 per cent of the total container capacity is
employed in three alliances (CHKY alliance, Grand
Alliance incl. Grand Americana and New World
Alliance). Together with the big three “independent
carriers”, namely Maersk-Sealand, MSC and
Evergreen, these “Global Players” have a market share
of 56 per cent on the total TEU-capacity in world
container shipping.
Fig. 5: TEU-capacity of top ranking containership
operators as of February 2003 and 2004
ISL based MDS Transmodal
In container shipping charter activities have a growing
importance. According to MDS Transmodal 46.3 per
cent of the world container fleet capacity4 of the 15 top
ranking operators (based on TEU) is chartered in. For
comparison, in 1998 only 28 per cent of their TEU
capacity was attributable to charter tonnage. Especially
German shipowners are the counterpart in the
container charter market providing container operators
with additional ships. Charter strategies of container
operators differ significantly. Whereas COSCO has
only a share of eight per cent of chartered in container
ships the share for CSCL or Hanjin stood at over 70 per
cent.
Container fleet operations of the “Global Players“
concentrates on the Europe-Far East, Transatlantic and
Transpacific trades. As far as ship operations are
concerned the most important trading region is the
Transpacific. In the trade between Far East and North
America 312 container ships involved in 66 services
4 Ships of 1,000 TEU and over. Figures are based on the MDS Transmodal
Containership Databank as of February 2004
6 SSMR June 2004
are operating, thereof 94 vessels of the CHKY alliance
with about 0.4 mill TEU. The largest container vessels
are employed in the “Europe-Far East” trade with an
average capacity of 5.290 TEU. In this trade Maersk-
Sealand is involved with 39 carriers with (average
capacity 6.018 TEU). Related to all relations, Maersk-
Sealand employed by far the largest ship units (about
5.000 TEU). In the Transatlantic trade only two Global
Players have major market shares with 38.9 per cent
(Grand Americana) and 24.7 per cent (Maersk-
Sealand).
Tab. 4: Fully cellular container ships by major
operators as of February, 2004
Total % chartered av ship size
Operator No 1000 TEU No TEU in TEU
MAERSK 250 778.2 46.0 35.9 3,113
MSC 165 475.6 50.9 48.1 2,882
EVERGREEN 140 429.2 13.6 10.1 3,066
PONL 126 385.7 61.1 51.7 3,061
HANJIN 76 291.6 72.4 65.1 3,837
APL 67 269.9 46.3 41.1 4,028
CMA-CGM 84 253.7 52.4 53.4 3,020
NYK 68 201.6 50.0 37.1 2,965
COSCO 63 196.5 7.9 7.9 3,119
K-LINE 58 194.4 69.0 61.6 3,352
MOL 52 173.9 57.7 49.6 3,344
OOCL 39 167.1 41.0 36.5 4,285
HAPAG-LLOYD 41 163.9 29.3 19.9 3,998
CSCL 41 151.8 73.2 41.9 3,702
YANGMING 52 140.2 44.2 40.6 2,696
OTHERS/UNKNOWN 842 1,695 44.3 43.9 2,012
Total 2,164 5,968 45.7 40.9 2,758
Note: excl. unknown operators; Ships of 1000 TEU and over
APL includes NOL; CMA-CGM includes ANL-CL and Ybarra;
Evergreen includes Hatsu Marine and Lloyd Triestino; Hanjin includes
Senator; Maersk SeaLand includes Safmarine; NYK includes TSK;
P&O Nedlloyd includes Farrell and P&O Swire; Evergreen includes
Hatsu Marine and Lloyd Triestino.
ISL based on MDS Transmodal
Tab 5: The “Global Players” tonnage employed in
container trades 2004
Alliance / Operator No
Europe Far East Transatlantic Transpacific
1000
TEU No
1000
TEU No
1000
TEU
Maersk Sealand 39 234.7 32 114.2 48 222.2
CHKY Alliance
Grand Alliance
70 337.3 8 28.4 94 396.9
(Grand Amer.) 68 360.8 46 179.8 60 272.8
New World Alliance 24 136.5 12 49.0 45 216.0
MSC 24 136.5 14 41.7 14 52.0
Evergreen 29 137.9 12 48.9 51 221.8
Total 254 1,343.7 124 461.8 312 1,381.8
Note: Figues includes Pendulum services;carrying capacities are counted
in every trade; Europe incl. MED; Transatlantic incl. Gulf of Mexico; ships
ISL based on MDS Transmodal

Container and general cargo fleet, supply/demand, ports
WORLD GENERAL CARGO FLEET
Tonnage supply 2004
As of January 1 st 2004, the world general cargo fleet
consisted of 16,487 ships with 95.2 mill dwt and 1.9
mill TEU. In the period 2000 – 2004 the world general
cargo fleet in terms of dwt decreased yearly by 1.2 per
cent, whereas, in terms of TEU, the fleet increased by
1.6 per cent yearly.
Tab. 6: General cargo fleet development as of
January 1 st , 2000 and 2004
pages
32-42
2000 2004 Av. growth Average age
rate 00-'04 (years)
Ship type No dwt No dwt No dwt 2000 2004
Single deck 8634 40.8 8663 42.9 0.1 1.2 19.8 21.3
Multi deck 5018 35.3 4232 27.3 -4.2 -6.2 23.2 26.2
Special ships 1321 7.4 1173 6.8 -2.9 -2.2 17.8 19.8
Reefer shps 1121 9.4 1239 10.1 2.5 1.8 18.1 19.7
Ro/Ro cargo ships 1134 7.2 1180 8.2 1.0 3.4 18.1 19.6
Total 17228 100.1 16487 95.2 -1.1 -1.2 20.5 22.2
Ships of 300 gt and over; tonnage in mill.
ISL based on LR/Fairplay
Deployment of general cargo ships is related towards
specific commodities and/or trades (short sea shipping).
Their operating niches range between the liner industry
and the market for smaller bulk carriers.
The general cargo fleet is composed of various subtypes
(Compare Table 6) having their own momentum
in the market. General cargo single-deck ships
increased their tonnage shares on the total general
cargo fleet from 40.8 per cent in 2000 to 45.0 per
cent at the beginning of 2004. In the same period,
multi deckers dwt-share decreased from 35.3 per cent
to 28.7 per cent in 2004.
During the period of 1999-2003, 1,898 general cargo
ships with 18.2 mill dwt were reported to be broken-up,
thereof 963 multi deckers with a tonnage of 11.5 mill
dwt. During the same period 1,224. general cargo
ships (newbuildings and other entries) with 11.2 mill
dwt were added to the fleet. In terms of tonnage these
new entries were attributable to single-deck ships (64.5
per cent), special ships (13.4 per cent) and ro-ro cargo
ships (14.5 per cent). Single-deck ships grew steadily in
number and tonnage throughout the last years.
Looking at the year 2003, demolitions exceeded fleet
additions (newbuildings and other entries) by 2.5 mill
dwt. As a result, the general cargo fleet decreased, by –
1.6 per cent comparing tonnage figures as of January
1st , 2003 and 2004.
Fig. 6: General cargo fleet – additions and reductions
1993 – 2003 (in mill dwt) 5
ISL 2004
At the beginning of 2004, general cargo ships had an
average age of 22.2 years. Nearly 70 per cent of all
general cargo ships, which equals to more than two
thirds of the total deadweight tonnage, were already
built before 1989, whereby the age profile for the
various sub-types of the general cargo fleet differs.
Overaging of the general cargo fleet is especially true
for the multi-deck fleet. As of January 1 st , 2004, multideckers
had an average age of 26.2 years, besides
cargo/passenger ships (average age 32.5) the oldest
fleet segment. Thus, future scrapping activities in the
field of general cargo shipping will largely be
concentrated on this fleet segment.
Fig. 7: General cargo fleet by ship type and division
of age as of January 1 st , 2004 (No of ships)
5 see footnote 1
ISL 2004
SSMR June 2004 7

General cargo and container fleet, supply/demand, ports
Tab. 7: Key figures on world general cargo fleet in 2004/2003
Multi-/Single- Special Reefer Ro-Ro cargo
deck ships ships ships ships
Size class No of 1,000 No of 1,000 No of 1,000 No of 1,000 No of 1,000
(dwt) ships dwt ships dwt ships dwt ships dwt ships dwt
- 4999 8783 18901 638 1030 555 1264 653 1341 10629 22536 -0.8
5000 - 9999 2351 16228 153 1195 391 2803 279 2031 3174 22258 -2.1
10000 - 19999 1158 16799 352 4992 227 2690 160 2232 1897 26713 -3.0
> = 20000 603 18256 96 2857 - - 88 2567 787 23680 -0.3
Total 12895 70184 1239 10075 1173 6758 1180 8171 16487 95187 -1.6
Total prev. Year 13061 71715 1200 9829 1225 7073 1182 8137 16668 96754
- 4999 110 363 4 9 - - 6 9 120 381 -3.6
5000 - 9999 104 753 7 55 1 5 12 93 124 906 24.9
10000 - 19999 60 741 23 356 5 62 22 305 110 1464 9.3
> = 20000 35 1273 36 817 - - 13 285 84 2375 24.5
Total 309 3129 70 1237 6 67 53 693 438 5126 17.4
Total prev. Year 281 2975 33 446 8 78 61 869 383 4367
- 4999 67 180 10 12 5 14 5 3 87 209 -6.1
5000 - 9999 26 193 4 25 - - 6 43 36 261 -39.0
10000 - 19999 19 257 7 109 - - 10 143 36 509 0.7
> = 20000 14 476 1 23 - - 5 123 20 622 37.5
Total 126 1106 22 169 5 14 26 312 179 1601 -41.6
Total prev. Year 260 2287 25 100 5 24 31 332 321 2743
- 4999 207 478 22 48 11 28 18 44 258 598 292.1
5000 - 9999 78 567 10 74 15 119 6 45 109 805 92.9
10000 - 19999 104 1594 5 61 1 11 4 64 114 1730 15.9
> = 20000 29 709 6 219 - - 2 53 37 980 -21.2
Total 418 3348 43 402 27 157 30 206 518 4114 5.6
Total prev. Year 289 3218 32 406 16 114 12 158 349 3896
Ships of 300 gt and over
ISL based on LR/Fairplay;
TOTAL GENERAL CARGO FLEET AS OF JANUARY 1st, 2004
TOTAL ORDER BOOK AS OF JANUARY 1st, 2004
ADDITION TO FLEET DURING 2003
BROKEN-UP DURING 2003
Tab. 8: General cargo fleet by division of age and ship type as of January 1 st , 2004
8 SSMR June 2004
Total
general cargo fleet
dwt %change
over
prev. year
before 1984 1984 - 1988
Year of build
1989 - 1993 1994 - 1998 1999 - 2004 Total
Ship type No dwt No dwt No dwt No dwt No dwt No dwt
Single-deck ships 4436 17140 1059 6137 1110 4262 1314 8925 744 6394 8663 42858 20.9
Multi-deck ships 3097 19504 651 4427 291 1839 144 1063 49 493 4232 27326 25.5
Special ships 539 2293 236 1468 241 1852 108 742 49 402 1173 6758 19.1
Reefer ships 603 4195 238 2542 122 675 129 1168 147 1495 1239 10075 19.6
Ro-Ro ships 644 4128 134 1022 111 591 132 827 159 1603 1180 8171 19.4
Total 9319 47260 2318 15596 1875 9220 1827 12725 1148 10387 16487 95187 21.8
Ships of 300 gt and over; tonnage in 1000
S ISL based ISL on b LR/Fairplay d LR/F l
Assuming that ships of the total general cargo fleet
have an average age of approx. 29 years 6 before
they are scrapped, the demolition potential for the
current general cargo fleet had at least a volume of
about 14 mill dwt, thereof 6 mill dwt single and multi
6 Assumption based on ISL broken-up tonnage analysis for the year 2003.
Average
age
deck ships each. This broken-up potential represents
more than 15 per cent of the current fleet equal to
about 4,300 ships
The world general cargo fleet is largely composed of
ships in smaller size classes. At the beginning of
2004, 10,629 ships were attributable to sizes up to
4,999 dwt. Figures on the world general cargo fleet,
summarised in Table 7, indicate that only 4.8 per cent

Container and general cargo fleet, supply/demand, ports
of all general cargo ships, equal to 24.9 per cent of
the total general cargo tonnage, had sizes of 20,000
dwt and above. The order book shows a different size
distribution. At the beginning of 2004, about 46 per
cent of the total cargo tonnage on order were
attributable to this size segment (+ 20,000 dwt).
Ownership patterns 2004
pages
33-37
As of January 1 st , 2004, 38.3 mill dwt equal to 42.1
per cent of the total general cargo tonnage were
registered for the top ten open registry flags 7 (ships of
1000 gt and over). Compared with last year`s
tonnage figures, these ten flags decreased their
tonnage by 4.8 per cent.
Fig. 8: General cargo fleet by major country groups
as of January 1 st , 2004 (ships of 1,000 gt
and over)
ISL 2004
Within the period 2000 – 2004, the top ten open
registry flags lost about 5.7 mill dwt (- 13.0 per cent ),
in particular the new EU members Cyprus and Malta
lost together 4.0 mill dwt in the mentioned period.
These losses are broken-up tonnage as well as flag
changes in equal shares.
On the contrary, OECD countries’ registered flag
shares on the world general cargo fleet (ships of 1000
gt and over) increased their tonnage throughout the
period of 1991-2003 by 11.9 per cent (+2,1 mill
dwt). As of January 1st, 2004, OECD countries’ share
on the world general cargo fleet stood at 22.0 per
cent compared with18.7 per cent in 2000.
Panama is the leading register for general cargo
ships. At the beginning of 2004, 1.547 general cargo
ships with 13.4 mill dwt were registered in Panama
which is equal to 14.7 per cent of the total general
7 Bahamas, Bermuda, Cyprus, Liberia, Panama, Malta, Saint Vincent,
Marshall Islands, Vanuatu, Antigua & Barbuda and Cayman Islands
cargo fleet (ships of 1000 gt and over). The
dominance of the Panamanian flag is given for single
deckers as well as special cargo and reefer ships
whereas at the beginning of 2004, the leading flags
for ro-ro ships and multi-deckers were the US and the
PR China respectively.
Tab. 9: General cargo fleet by national and foreign
flag distribution as of January 1st , 2004
Total foreign flag share
Ship type No mill dwt No dwt
Single-deck ships 4654 34.6 44.6 56.2
Multi-deck ships 2711 22.3 49.6 48.7
Special ships 840 9.4 59.8 65.9
Reefer ships 912 6.1 74.5 81.4
Ro-Ro cargo ships 766 7.3 42.4 39.1
General cargo ships 9883 79.8 49.9 55.6
ISL based on LR/Fairplay; ships of 1000 gt and over, excl. unknown
The ISL analysis according to country of domicile,
including general cargo ships of 1,000 gt and over,
showed that at the beginning of 2004, 55.6 per cent
of the general cargo tonnage was not registered in
the country of domicile of the owner, but flagged-out.
OECD-countries control, in terms of dwt, at least 62
per cent of the world general cargo fleet 8 .
Tab. 10: World general cargo fleet (registered and
controlled) by region as of January 1 st ,
2004
(1) dwt % share of world fleet 2004
(2) dwt %- change over prev year
(3) Average yearly growth rate 2000 - 2004 (dwt)
County Groups Controlled Registered
(1) (2) (3) (1) (2) (3)
Europe 45.4 -2.8 -2.5 25.1 -2.6 -2.6
of which EU 27.0 -3.2 -2.5 11.2 1.9 2.0
North America 4.4 -1.5 11.3 3.3 1.7 26.4
Latin and South America 1.6 -2.1 -5.1 31.4 -1.7 -1.8
Asia and Oceania 35.2 2.5 -1.4 34.9 0.7 0.2
Africa 1.1 -10.7 -10.8 5.3 -12.6 -7.3
Unknown 12.4 -7.3 3.4
Total
Ships of 1000 gt and over
ISL based on LR/Fairplay
100.0 -1.6 -1.2 100.0 -1.6 -1.2
The regional grouping of countries of domicile
highlights that as of January 1 st , 2004, at least 51.8
per cent of the world general cargo fleet (in terms of
tonnage) was attributable to European shipowners
and further 40.2 per cent was controlled by Asian and
Oceanian shipping companies (total tonnage
excluding ships of which the country of domicile is
unknown).
8 Based on the total world merchant fleet excluding ships where the
country of domicile is unknown.
SSMR June 2004 9

Container and general cargo fleet, supply/demand, ports
SUPPLY / DEMAND PATTERNS IN
CONTAINER AND GENERAL CARGO
SHIPPING
Global Insight - World trade outlook and world
contaierised trade development up to 2006 9
Pages
49-61
Nowhere has the building momentum in the global
recovery been more joyously received than among
shipowners. Liner operators are making money, and
they are euphoric about it. Box rates are increasing
steadily, and the full ships have encouraged a sharp
increase in the orderbook stretching deliveries out to
2007, despite rising new build prices.
Since the bursting of the IT bubble in 2000, the world
has had three years to adjust and absorb the resulting
damage to the economy. Terrorist attacks, the
Afghanistan and Iraq wars, escalating energy prices,
and corporate accounting scandals have diverted
economic resources, raised social costs, and reduced
investors’ and consumers’ confidence and, therefore,
slowed the economic recovery process. Continuing
technology progress, population growth, and
government monetary and fiscal stimulus have helped
to keep the global recovery on track. Entering 2004,
although the recovery has not yet played out, the
economies of most major countries have returned to
healthy conditions, with the structure and sustained
strength to continue growing. Non-Japan Asia and the
United States are taking the lead in this new round of
economic expansion, followed by Australia, New
Zealand, Canada, the United Kingdom, and then
Japan. Even Germany has returned to positive growth,
and the whole Eurozone has climbed out of recession.
Other economies, whether they experienced a
recession or maintained economic growth, are all
boosted by the recovery of the world’s major
economies. Global Insight’s latest forecast for the
world as a whole is for real GDP in 2004 to increase
by 4 per cent.
World full-container traffic is predicted to reach 69.7
million TEUs in 2004, an increase of 6.4 per cent
over last year. This is only a slightly slower growth
than in 2003 (which was 6.8 per cent), but far
superior to the meagre 1.1per cent growth in 2001.
With economic growth strong in most importing
regions, and with China exporting so much liner
cargo, the drivers of this increase are clear. Its
container exports are more than double those of the
9 The contribution is based on the World Trade Service published
by Global Insight. Compare www.globalinsight.com
10 SSMR June 2004
United States. Also, the growth of China's exports is
projected to be one of the fastest in the world.
The amazing dominance of China as an exporter of
containerised cargo can be seen in table 11; China's
exports in 2005 will be more than double its exports
in 2000. Its average annual growth of 6 per cent will
keep it in the top position throughout the forecast
period.
This year, China will gain another 5 per cent share of
total container exports over 2003, an amazing feat.
Tab. 11: Five Largest Container Exporting Nations
(Thousands of TEUs)
av. yearly
growth
Export-Country 2004 2005 2006 '04-'06 in %
China 15,339 17,086 18,681 10.4
United-States 6,915 7,174 7,423 3.6
Japan 4,173 4,337 4,501 3.9
South-Korea 2,913 3,065 3,225 5.2
Taiwan 2,799 2,909 3,026 4.0
Source: ISL 2004 based on Global Insight World Trade Service
Fig. 9: China - Foreign container traffic by major
trading areas 2003 and 2006 (based on
TEU)
ISL based on Global Insight; World Trade Service
TEUs from Northeast Asia dominate the container flow
picture worldwide, in terms of both volume and
growth. Shipments from Northeast Asia to North
America and North Europe will reach 13.5 million
TEUs this year (2004), and will climb to 18.2 million
in 2008. North America's container exports are
dominated by flows to Northeast Asia (3.5 million

Container and general cargo fleet, supply/demand, ports
TEUs), followed by Latin America and then North
Europe.
Here, it is clear again that Northeast Asia (mainly
China) was the fastest growing export region for
containerised cargo, at 15.1 per cent, and that this
growth is expected to remain the fastest through the
2006 forecast, slipping to 7.4 per cent in the final
year. By 2006, Northeast Asia's exports will top 30.1
million TEUs.
Total exports from Northeast and Southeast Asia
together will reach 33.7 million TEUs this year, up 9.7
per cent. Container exports from North America and
North Europe will be roughly equal in 2004, at 8.4
million TEUs, with North America's growth at only 1.5
per cent and Europe's at 2.4 per cent. However,
Europe's main export trading partner is North
America, and North America's is Notheast Asia,
clearly implying that westbound trade across the North
Atlantic and the Pacific will be the main container
flows in the forecast.
Northbound flows, from Latin America to North
America and to North Europe will grow steadily,
reaching 3.3 million TEUs this year and climbing to
3.8 million in 2006. New free-trade agreements with
Europe are part of the stimulus on this trade, with
lower tariffs in the future for key Latin American
exports, from refrigerated products to manufactured
goods.
Container trade between Asia and Europe will hit 9.8
million TEUs this year, with 2.3 times more TEUs
moving westbound to Asia than in the reverse
direction. This disparity in container volumes comes
about this year because of the high growth (11.2 per
cent) expected in westbound shipments, compared
with only 4.2 per cent from Europe to Asia.
Tab. 12: World seaborne container trade by region 2001-2003 and outlook 2006 (in TEU)
2001- 2002-
Container trade in mill TEU
2002 2003 av. annual growth % share of total trade
Country/-group
Export
2001 2002 2003 (a) 2006 (b) %-change %-change '02-'06 '03-05 2002 2006
World Total
of which
57.9 61.3 65.5 77.1 5.9 6.8 5.9 5.6 100.0 100.0
Asia 28.2 30.8 34.2 42.6 9.5 11.0 8.4 7.6 50.3 55.2
of which China 8.9 10.7 13.3 18.7 19.9 23.9 14.9 12.1 17.5 24.2
Europe 12.9 13.2 13.3 14.6 2.8 0.9 2.5 3.0 21.6 18.9
of which EU 15 10.8 11.0 11.1 12.1 2.6 0.5 2.2 2.8 18.0 15.6
America 12.5 12.7 13.2 14.6 1.9 3.9 3.5 3.4 20.7 18.9
of which US 6.7 6.6 6.8 7.4 -1.7 3.4 2.9 2.7 10.8 9.6
Africa 2.0 2.2 2.3 2.6 7.2 5.6 4.9 4.6 3.6 3.4
Oceania 1.4 1.4 1.4 1.5 -2.7 -0.9 1.9 2.9 2.3 2.0
Others/unknown
Import
0.9 1.0 1.0 1.2 4.2 6.8 5.8 5.5 1.6 1.6
World Total
of which
57.9 61.3 65.5 77.1 5.9 6.8 5.9 5.6 100.0 100.0
Asia 21.8 22.9 24.1 28.2 5.1 5.3 5.3 5.3 37.4 36.5
of which China 3.7 4.3 5.0 6.6 16.4 14.7 11.0 9.8 7.1 8.5
America 16.8 18.2 20.0 24.1 8.5 10.0 7.3 29.6 31.3
of which US 11.5 13.0 14.7 18.1 12.8 12.8 8.6 7.2 21.2 23.4
Europe 13.8 14.6 15.7 18.8 5.9 8.0 6.6 6.1 23.8 24.4
of which EU 15 11.7 12.5 13.6 16.4 6.4 8.6 7.0 6.5 20.4 21.2
Africa 2.9 2.9 2.9 3.0 -0.8 -0.9 0.7 1.2 4.7 3.9
Oceania 1.2 1.3 1.4 1.6 6.7 4.9 4.6 4.5 2.2 2.0
Others/unknown 1.4 1.4 1.4 1.4 0.5 -3.1 -0.1 0.9 2.3 1.8
(a): estimates as of May 17th 2004; (b): forecast as of May 17th 2004
Note: Excluding transshipment and domestic trade and excluding empty containers
ISL based on Global Insight World Trade Service 2004
Global Insight assumes that the exceedingly high real
economic growth in China will be managed into a
soft-landing using the limited but potentially effective
tools available to the Chinese government, such as
slight modifications to the exchange rate.
Global Insight expects eastbound flows this year to hit
15.3 million TEUs, most of it landing on the U.S. West
Coast of course. But over time, there has been a shift
to allwater services to the U.S. East Coast, with
several major U.S. consumer firms setting up
distribution operations along the East Coast.
The ratio of eastbound to westbound TEUs in this
trade will be 2.7 this year. However, under the
assumptions of continued Chinese manufacturing
growth and high-growth exports, this ratio grows to
4.6 by the end of the long-term forecast (2022). In
SSMR June 2004 11

Container and general cargo fleet, supply/demand, ports
that year, eastbound TEUs will amount to 27.8
million, implying that U.S. West Coast ports will have
to expand considerably to handle the influx.
For the transatlantic trades the total trade will be 2.9
million TEUs this year, with westbound (to United
States) volumes about 1.6 times greater than
eastbound volumes. While U.S. imports from
Northern Europe will slow next year to 2.5 per cent,
from this year's 3.6 per cent, partly in response to the
weaker dollar, exports will grow faster than imports
next year, also in response to the weaker dollar, which
will help reduce the imbalance slightly.
The reader is encouraged to view the transatlantic
trade through the Global Trade Navigator, which
permits the identification of individual European
nation's trade with the United States, and which also
has forecasts of Europe's trade with separate U.S.
coastal ranges. 10
Monthly market indicators at a glance
Cargo upturns in container trades are also reflected in
traffic statistics of leading world container ports as
well as container freight rates.
The new ISL “Monthly Container Port Monitor” shows
the dynamic development of world container traffic.
Monthly TEU figures up to April 2004 increased
dramatically in the majority of hub ports in Asia,
Europe and America.
Container charter rates monitored by ISL recovered
increasingly during 2003, but reaching a record high
during the first half of 2004. Compare also the
“Freight Market” section in this issue. After a decrease
in the second half of 2003 also the German overall
index of liner trade freight rates up to May 2004,
reflects freight rate increases especially in Asian and
American trades11 . From January to April 2004 the
overall index increased by 7 percent.
The weighted Charter Rate Index from Howe Robinson
increased more than 76 per cent during the year
2003 and 38 per cent from the beginning of January
to End of April 2004.
The “Hamburg Index for Containership Time Charter
Rates up to May 2004” showed ongoing rate
improvements for the majority of size classes ranging
from under 999 TEU up to 1999 TEU.
10 The contribution is based on the World Trade Service published by Global
Insight. Compare www.globalinsight.com
11 Referring to the freight rates for seaborne trade to and from German
North Sea ports as far as they are applicable to the conference
regulated liner service.
12 SSMR June 2004
Fig. 10: Monthly port container traffic 2000-2004 of
US ports (TEU - Index 2000=100) 12
© ISL MCPM 2004
Fig. 11: Monthly port container traffic 2000-2004 of
European ports (TEU- Index 2000=100) 13
© ISL MCPM 2004
Fig. 12: Monthly port container traffic 2000-2004 of
Asian ports (TEU- Index 2000=100) 14
© ISL MCPM 2004
12 US Pacific: Los Angeles, Long Beach, Oakland, Seattle; US Atlantic: New
York, Port of Virginia, Savannah and Charleston
13 Northrange Ports: Rotterdam, Antwerp, Hamburg, and Bremen/Bremerhaven;
Mediterranean: Gioia Tauro, Genoa, Valencia and Algeciras
14 Far East ports: Hong Kong, Busan, Kaohsiung and Nagoya; Near and
Middle East ports: Dubai, Singapore and Laem Chabang

Container and general cargo fleet, supply/demand, ports
Fig. 13: Monthly charter rate development for
selected size classes up to May 2004
ISL based on Vereinigung Hamburger Schiffsmakler und
Schiffsagenten e.V.
Fig. 14: Monthly weighted charter rate index up to
April 2004
ISL based on Howe Robinson
Future tonnage supply in container and general
cargo shipping
Decisive for the deployment in general cargo and
container shipping is moreover the development of
future tonnage supply, namely the potential of
demolitions and new orders.
According to ISL findings, 49 container ships totalling
1.0 mill dwt were broken-up during 2003. In terms of
tonnage, this is equal to an increase of 11 per cent
compared with results in 2002. Scrap candidates in
2003 were mainly container ships in size ranges up to
999 TEU.
Container ships were reported to be 25.5 years in
service. The majority of these vessels were built in the
seventies. The scrapping potential based on container
fleet patterns as of January 1st, 2004 consists of 150
container ships with 0.12 mill TEU.
Fig. 15: Container fleet - quarterly development of
new orders and broken-up tonnage 2000 –
2004 (in dwt)
ISL 2004
During 2003, 445 container vessels with a capacity of
1.9 mill TEU were contracted. This represents a new
record high compared with previous years’ figures. At
the beginning of 2004, the container ship order book
(ships of 300 gt and over) stood at 588 ships with
31.3 mill dwt and 6.4 mill TEU. At least 86 container
ships on order have capacities of 8,000 TEU and
above. As in the previous years, the focus of the order
activity has been on large ship units. In terms of
tonnage, the order book of fully cellular container
ships increased by 120 per cent compared with dwttonnage
figures at the beginning of 2003. The order
book represents a TEU-share of 43.1 per cent related
to the existing container fleet (April 1 st , 2004).
Fig. 16: General cargo fleet - quarterly development
of new orders and broken-up tonnage 2000
– 2004 (in dwt)
ISL 2004
Whereas the future tonnage supply and thus the
supply/demand balance will be determined by a large
number of newbuildings, the situation is completely
different in general cargo shipping. In 2003, 518
general cargo ships with a total of 4.1 mill dwt were
sold to breakers, which represents, in terms of
SSMR June 2004 13

Container and general cargo fleet, supply/demand, ports
tonnage, an increase of 24.4 per cent compared with
results in 2002. During 2003, 226 general cargo
ships with 2.5 mill dwt were added to the order book
(ships of 300 gt and over). Compared to the year
2002, this represents, in terms of dwt, an increase of
about 13 per cent. The total order book as of January
1st , 2004 stood at 438 general cargo ships with 5.1
mill dwt. Compared with last year's results, this
represents an increase of 17.4 per cent.
Looking at recent developments ISL records indicate
that up to April 2004, 120 general cargo ships with a
tonnage volume of 0.7 mill dwt and only six container
ships with 0.1 mill dwt were reported to be broken-up.
During the first quarter of 2004, new orders
amounted to 85 general cargo ships with 0.7 mill dwt
and 116 fully cellular container ships with 0.5 mill
TEU and 6.3 mill dwt respectively.
THE SHIPBUILDING INDUSTRY
Order activities for general cargo and fully cellular
container ships are an indicator for the “market
climate”. As already pointed out, for both market
segments ordering of new tonnage developed
positively.
Fig. 17: Container ships– Quarterly order book and
new orders 1998 - 2004
ISL 2004
At the beginning of 2004, the order book reached a
level of of 18.8 mill cgt for container ships and 5.8
mill cgt for general cargo ships. Compared with
previous years' cgt figures, the order book for
container ships strongly increased by 115 per cent,
whereas the increase for general cargo ships stood at
23.7 per cent. The order book at the beginning of
2004 comprised 86 container ships in sizes of 8,000
TEU and above totalling 5.1 mill cgt. These ships
have a cgt share of 27.3 per cent on the total
container order book.
14 SSMR June 2004
Fig. 18: General cargo ships– Quarterly order book
and new orders 1998 - 2004
ISL 2004
As of January 1st , 2004, 58.0 per cent of the total
general cargo tonnage, in terms of cgt, was
attributable to Asian shipyards (January 1st, 2000:
48.7 per cent). Their cgt market share for container
ships stood at 86.7 per cent. Far Eastern yards
increased their order book container tonnage by over
200 per cent compared with figures at the beginning
of 2000 which is equal to an average yearly growth of
32.1 per cent. The order book ranking by country of
build is led by Japan for general cargo ships and by
South Korea for containerships. The latter is especially
dominating the market for larger container ship units.
Tab. 13: Container ships on order by country of
build and TEU size class as of January 1st ,
2004 (in 1,000 cgt)
Country of build
%-share
4999 6999 7000 Total of total
2,215 2,537 5,966 11,559 61.5
174 1,205 679 2,297 12.2
456 301 - 1,439 7.7
- - - 1,065 5.7
310 376 - 742 3.9
550 - - 701 3.7
198 - 274 980 5.2
3,902 4,419 6,920 18,782 100.0
682
- 274
2,296
12.2
The order book for AWES-yards stood at the
beginning of 2004 at 1.9 mill cgt for container ships
and 2.3 mill cgt for general cargo. AWES countries
lost further market shares to Asian competitors. The
cgt-shares for container ships fell from 17.7 per cent
in 2000 to 12.2 per cent at the beginning of 2004,
whereas market shares for general cargo ships
climbed from 29.9 per cent (2000) to 32.9 per cent.

Container and general cargo fleet, supply/demand, ports
Looking at the first quarter 2004, order activities for
container ships continued on a high level. 116 new
orders with 3.7 mill cgt were placed. As of April 1st ,
2004, the order book for container vessels stood at
662 vessel with 21.5 mill cgt, an increase of over 14
per cent compared with figures for January 2004.
At the beginning of April 2004, the order book for
general stood at 460 vessels with 5.8 mill cgt, all
about the same level as in January 2004.
WORLD PORT CONTAINER TRAFFIC
The following analysis is focussing on the regional
development patterns of world container ports15 Pages
62-72
.
The total container traffic volume of the top container
ports, with a container traffic of more than one mill
TEU analysed here, reached 219.5 mill TEU in 2003
and increased by 13 per cent compared with results in
2002. Included in the 2003 analysis are 62 ports, of
which 28 Asian ports, 17 European ports and 15
American ports.
In 2003, approx. 63 per cent of the world container
traffic, in terms of TEU, were attributable to Asian
ports, whereby the top 8 Chinese ports alone
represent 25.9 per cent of the total container traffic.
Europe had a share of 20.2 per cent of the world
container port traffic and America 15.4 per cent.
Tab. 14: Fastest growing and declining container
ports 2002/2003
Total TEU traffic annual % change
2001 2002 2003 2001/2002 2002/2003
Top growing ports
Salalah 1.19 1.26 2.00 6.0 59.0
Ningbo 1.21 1.86 2.75 53.3 47.8
Shenzhen 5.08 7.61 10.65 50.0 39.9
Tanjung Pelapas 2.05 2.66 3.49 29.8 31.1
Shanghai
Least growing ports
6.34 8.62 11.28 36.0 30.9
La Spezia 0.97 0.98 1.01 0.0 3.2
Long Beach 4.46 4.53 4.66 1.4 2.9
Kobe 2.01 2.01 2.06 0.1 2.5
Tanjung Priok 2.48 2.70 2.76 9.0 2.1
London 1.45 1.61 1.56 11.1 -3.6
Source: ISL Port Data Base 2004
© ISL Port Data Base 2004
15 ISL provides detailed information on container traffic development of
major world container ports. Information is based on the ISL port data
base and a special inquiry. Comments on the presented tables and
completions of missing data and additional statistics will be much
appreciated. A detailed description of the ISL port data base is included
on the following pages. The 62 Ports presented in the statistical analysis
represent, in terms of TEU, approx. two thirds of the total world container
port traffic. Thus, figures are a basic indicator for maritime trade
developments in 2002/2003. The monthly traffic figures are based on our
new service, the ISL Monthly Container Port Monitor. See also:
http://www.isl.org/products_services/
The top Chinese mainland container ports (with out
Hong Kong) grew on average by more than 30 per
cent yearly. Their annual container traffic summed up
to 13.4 mill TEU in 1999 and 36.4 mill TEU in 2003
respectively.
Fig. 19: Major Chinese Container ports in 2003 (in
1000 TEU)
ISL 2004
Based on information from Chinese port officials, the
port of Shenzhen, vis-à-vis to Hong Kong at the
mouth of the Pearl River, is expected to become the
biggest Chinese mainland port. The port reached a
container traffic growth of nearly 40 per cent
compared with 2002 and handled more than 10 mill
TEU in 2003 - just half a million TEU less than
Shanghai. The average annual growth rate from
1995 to 2003 of the port of Shenzhen is 37.4 per
cent - the fastest growing Chinese port. As the
following table shows, traffic figures for the first
quarter of 2004 confirm this trend.
Tab. 15: Traffic of top Far Eastern container ports
during the 1st quarter of 2003 and 2004
(in mill TEU, in %)
Port Hong Kong Singapore Busan Shanghai Shenzhen
1st q. 2003 4.69 4.25 2.54 2.42 2.10
1st q. 2004 4.97 4.84 2.61 3.10 2.79
% change 5.8 13.8 2.9 27.7 33.0
ISL Monthly Container Port Monitor 2004; figures in mill TEU
In 2003, container traffic of the two top ranking world
ports increased 6.8 per cent (Hong Kong) and 8.7 per
cent (Singapore). The third ranking port, now
Shanghai, grew by 30.9 per cent up to a traffic
volume of 11.3 mill TEU in 2003.
Hong Kong asserted its top position for the fifth year
in succession. With container traffic volumes of 20.5
mill TEU and 18.4 mill TEU respectively. Hong Kong
and Singapore are by far the largest container ports in
the world. However, the smaller transhipment hubs in
the region consistently increased traffic and thus their
market shares. During the last year, e.g. Port Tanjung
SSMR June 2004 15

Container and general cargo fleet, supply/demand, ports
Pelapas (3.5 mill TEU, up 31.1 per cent) as well as
Laem Chabang (3.2 mill TEU, up 19.7 per cent) were
the most dynamic Far Eastern ports outside of China.
Fig. 20: Quarterly container traffic of Hong Kong,
Busan and Kaohsiung from January 1999 to
March 2004 (in 1000 TEU)
© ISL MCPM 2004
Hong Kong’s container traffic shows a relatively low
increase compared with other regional ports. This
results from competitive influences mainly of Chinese
mainland ports.
Japanese container ports, except Tokyo (increase of
14.9 per cent), show only moderate growth
tendencies. The three top ranking Japanese ports,
included in the ISL analysis, topped their last year’s
result by almost 0.7 mill TEU, equal to an increase of
9.9 per cent compared with 2003.
The major transhipment ports in the Near East are
Dubai Ports, Khor Fakkan in the UAE, Salalah in
Oman and Jeddah in Saudi Arabia. According to the
Dubai Ports Authority, the increase mainly results from
the increasing Chinese traffic. Dubai showed a
container traffic growth of 22.8 per cent compared
with 2002 reaching a total traffic volume of 5.15 mill
TEU and Salalah, the port with the largest service
gantries in the world, showed an enormous plus of 59
per cent now handling two mill TEU.
All major container ports in the US, except Long
Beach, showed substantial gains. This is true for
Tacoma (plus 18.2 per cent, in 2003 1.74 mill TEU),
Los Angeles (plus 17.6 per cent, 7.2 mill TEU in
2003), Savannah (plus 14.6 per cent, in 2003, 1.52
mill TEU), and the port of Virginia (plus 14.5 per cent
1.65 mill TEU in 2003).
In 2003, Rotterdam, the top European container port,
increased it’s traffic by 8.9 per cent. The port now is
ranked on position 8 in the world container port
league. The port once again lost market shares to
Antwerp and Hamburg, which increased their
combined market share considerably. Once again the
16 SSMR June 2004
ports of Hamburg and Antwerp outperformed the
other ports in the range. They achieved TEU increases
of 14.2 per cent (Hamburg) and 13.3 per cent
(Antwerp) respectively. Taken together, this represents
an increase of 1.4 mill TEU, whereas Rotterdam alone
gained only about 580,000 TEU.
Fig. 21: Monthly container traffic of major North
Range ports 1999-2004 (Quarterly averages
of TEU - Index 2000=100)
© ISL MCPM 2004
Container traffic of the top Mediterranean ports
increased by 9.2 per cent. This growth is mainly
determined by Algeciras, Piraeus and Barcelona,
showing an increase of 15 per cent (Algeciras up to
2.6 mill TEU in 2003), 14.2 per cent (Piraeus up to
1.6 mill TEU in 2003) and 13.4 per cent (Barcelona
up to 1.6 mill TEU in 2003). Competition between the
large transhipment hubs is extremely strong.
Fig. 22: Container traffic at major European ports by
loading/unloading regions 2003
ISL 2004
The analysis of container port traffic by continent
shows differences of ports with view to their trade
relations. This is especially true for European North
Sea ports and Far Eastern ports.

Container and general cargo fleet, supply/demand, ports
Tab. 16: Average annual growth of selected
container ports by geographical distribution
1998-2003 (in %)
Port Unit Africa America Asia Europe Oceania Total
Total
traffic
Asia
Hong Kong TEU 9.7 2.0 9.7 0.5 7.2 6.6 16532
Busan TEU 7.3 11.8 15.6 8.3 13.7 12.9 10247
Yokohama TEU 17.7 -0.3 5.7 -1.3 0.2 23.2 5006
Keelung TEU 4.9 43.2 18.3 -13.3 3.8 16.8 1448
Kaohsiung
Europe
MT 4.5 10.5 4.4 11.7 -3.0 6.8 28
Rotterdam TEU 1.2 5.3 3.6 2.0 8.2 3.3 7107
Hamburg TEU -2.1 11.8 13.7 25.7 15.1 13.1 6140
Antwerp TEU 6.2 5.9 17.7 11.1 -3.6 10.8 5445
Bremenhaven TEU 11.1 5.6 12.8 12.0 0.0 9.7 3190
Le Havre TEU 12.0 6.5 10.3 11.2 16.2 9.5 1985
Genoa TEU
America
-0.4 10.6 9.5 2.6 25.6 6.8 1606
Oakland TEU ... 11.6 1.9 -3.3 19.6 3.6 1920
Vancouver MT 18.9 -51.0 9.5 5.6 -58.9 8.8 13
Montreal MT 5.8 0.7 21.2 1.8 0.0 2.1 9
Houston
Oceania
MT 4.8 63.1 27.3 -3.4 -12.5 -3.1 907
Melbourne TEU -0.2 3.0 5.9 2.8 6.7 5.4 1596
Sydney Ports TEU 2.8 10.5 4.0 1.7 26.2 8.8 1423
Units in 1000, tonnage in mill.
(a) Regional spreading of container traffic excludes empty containers, total
traffic including empties stood at 20,350 mill TEU in 2003.
© ISL Port Data Base 2004
Bremen and Antwerp have strong links to the
Americas, Hamburg and Rotterdam are more related
to Asia. But the traffic analysis underlines that ports
gained ground in trades which are not their core
domain. For example Bremen Ports and Antwerp
show highest growth rates in Asian trades and
Hamburg in American and intra-European trades.
Rotterdam lost market shares of the European-wide
traffic to Hamburg, Antwerp and
Bremen/Bremerhaven. This is especially true for
transhipment potentials related to the Baltic sea.
Fig. 23: Container traffic at major Asian ports by
loading/unloading regions 2003
ISL 2004
Figures indicate that the share of intra-regional trade
is very high in the large Far Eastern ports - a typical
feature of major transhipment hubs.
Fig. 24: Monthly container traffic of major North
American Pacific ports 1999-2004
(Quarterly averages of TEU - Index
2000=100)
© ISL MCPM 2004
North American West coast ports have strong
relationships to Far Eastern ports. Their traffic is to
more than 90 per cent distributed to and from the Far
East. This interrelation is underlined by the analysis of
monthly container traffic of North American West
coast ports.
Fig. 25: Container traffic at major American ports by
loading/unloading regions 2003
© ISL Port Data Base 2004
Christel Heideloff, Senior Economist/Editor
Dieter Stockmann, Editorial Assistant
Reinhard Monden, Economist
SSMR June 2004 17

ISL – SEABASE – New literature on container market developments
European Community Shipowners' Associations:
The literature database ISL Seabase…
…serves the public with more than 85,000 literature
citations and is an important knowledge pool for the
industry and market research.
We inform fast, comprehensively, and professionally
about markets, branches and companies in the areas
shipping, shipbuilding, ports, traffic, transport and
logistics and trade as well. Sources are national in
international journals, reference books, research reports
and “grey literature”.
Song, D.W.; Yeo, K.T.:
A competitive analysis of Chinese container ports using the
Analytic Hierarchy Process
Maritime Economics and Logistics (6) 2004, issue 1, pages
34-52
Ref.: This article identifies the competitiveness of container ports in
China, including Hong Kong, using the framework of the Analytic
Hierarchy Process (AHP) and provides managerial and strategic
implications. The findings of the empirical analysis confirm the
general perception that Hong Kong is the most competitive port in
China, followed by Shanghai and Yantian. The research results show
that "location" still plays the most significant role in the evaluation
process of a port's competitiveness.
Tharakan, J.:
Box sector awaits policy shift
Fairplay (350) 2004, issue 17.06., pages 20-21
Ref.: India's container sector is keeping busy while the country's new
government is considering major changes in monopoly curbs at the
nation's container terminals. The Directorate General-Shipping is
weighing a proposal to allow a private operator to develop and run
two container terminals at the same port. Operators are now limited
to one terminal. P&O Ports India, which is wholly owned by
international terminal giant P&O and operates India's largest
container terminal, Nhava Sheva International Container Terminal
(NSICT) at Jawharlal Nehru Port Trust (JNPT), is by far India's largest
port company in the private sector. The bidding for the third terminal
at JNPT attracted at least half a dozen international players and lines.
Among them were Hamburg Port, CSX World Terminals, CMA CGM
and Evergreen. The project was delayed on account of the general
elections in India. A table lists India's port container traffic for 2003-
2004.
Wong Joon San:
Container cultivation
Asian Maritime Business 2004, issue 1.6, pages 28-32
Ref.: This article considers the growth of container ports in the
ASEAN. Since the 1997 Asian financial crisis, container traffic passing
through the ASEAN ports has grown at an average of more than 8
per cent a year. Since 1998, ASEAN has produced five new prime
container ports, each handling more than 2 mill. TEU a year. These
ports are: Port Klang, Malaysia; Tanjung Priok, Indonesia; Laem
Chabang, Thailand; Manila, Philippines; and Tanjung Pelepas,
Malaysia. This growth trend is expected to continue with secondary
ports such as Surabaya in Indonesia, Cebu in the Philippines and
Penang in Malaysia, which are expected to handle more than 1 mill.
TEU annually. Container port developments in each of the ASEAN
countries are reviewed in separate chapters. In the regional shipping
scene, feeder container lines have also been expanding their
business volumes. According to an ASEAN maritime transport
development study of 2002, which covered the period 2003-08,
unitisation services, such as containerisation and palletisation, have
18 SSMR June 2004
been steadily increased at ASEAN ports. Multimodal transport is still
at an infant stage. But ASEAN has already started promoting
multimodal transport and full development of regional multimodal
transport operation can be expected in the next three to four years.
Lowry, N.:
Costamare 1974-2004. 30 years in shipping
Lloyd's List 2004, issue SU Jun., pages 1-64
Ref.: Company profile of Greece's container operator Costamare
Shipping. This special supplement provides an in-depth look at
Costamare's fleet, history and operations. Today, the Athens-based
group has an all-cellular fleet of 55 ships in service and on order,
which makes it arguably the largest independent company of its type
worldwide, with more capacity than many of the well-known branded
container services.
Braam, T.B. (Ed.):
Dynamar: Dyna liners trades review 2004 (1 January 2003
to 31 December 2003)
Alkmaar : Dynamar, 2004.- 52 pages
Ref.: This annual publication reviews trends and events which
dominated the liner-shipping scene in 2003 and presents overviews,
statistics, summaries on container shipping, top 20 operators,
ports/terminals, container ships, etc. Although liner shipping faced
some severe setbacks in 2003, carriers saw their financial results
substantially improve during the year. Main developments were: The
outbreak of SARS affecting China especially; the Iraq conflict; a
further rise of outsourcing; unprecedented increasing exports from
the Far East, for China in particular; further rising imbalances; nearly
doubling of charter rates; continued high bunker prices; a
persevering depreciation of the US Dollar (versus the Euro); an
avalanche of orders for 8,000+ container vessels; increasing
discrepancy between the growth of the world trade and container
carryings on some of the main trade routes.
Hussain, T.:
Emirates boxes tower over the Gulf
Fairplay (350) 2004, issue 08.01., pages 18-27
Ref.: This feature story reviews the year 2003 as well as current
developments in the United Arab Emirates (UAE). Three years of
sustained oil prives have driven demand in the oil-rich Middle East
Gulf to new highs, despite the conflict in Iraq. Container throughput
at UAE's transhipment hubs is booming and has grown by more than
20% in 2003. UAE's major transhipment hubs, Dubai and Sharjah,
enjoy a steady growth in container trades. China is the largest source
of containers discharged at Dubai, with 282,000 TEU of the 4.23M
TEU handled. The unpredictable surge in container volumes over the
past three years has exposed an imminent capacity shortfall. That is
in stark contrast to regional competitor Salalah, which already
possesses ample berth space and the largest service gantries in the
world, and is well placed to attract and service the next generation of
container ships. Despite the Emirates' emergence as the hub for the
Middle East, its judiciary remains an anathema for shipowners
seeking to resolve disputes. A major reform is urgently needed if the
legal system is to keep pace with rampant commercial development.
UAE bulker operators see rising volumes and are investing heavily in
new Handymax and Panamax tonnage. The war in Iraq and strong
oil prices meant that tanker owners were reluctant to drydock their
vessels at UAE repair yards for most of 2003.
Witthöft, H.J.:
Großcontainerschiffe. Die Entwicklung aus der Sicht des
Germanischen Lloyd
Marine Forum (79) 2004, issue 5, pages 40-41
Ref.: Im Jahr 2003 erfolgte der Durchbruch zum 8.000-TEU-
Containerschiff, das sich zum neuen Standard bei den
Großcontainerschiffen entwickelt. Weltweit gab es zum Jahresende
2003 Bauaufträge für 86 Einheiten dieser Größe, von denen mehr
als die Hälfte durch den Germanischen Lloyd (GL) klassifiziert
werden. Der GL unterstützt diese führende Klasse durch sein

ISL – SEABASE – New literature on container market developments
spezifisches technischen Know-how und seine Erfahrungen aus dem
Schiffsbetrieb. Die Entwicklung der Großcontainerschiffe wird im
Beitrag aus der Sicht des GL dargestellt, u.a. optimierte
Schiffsproportionen, Ladungssicherheit, neue Methoden der
Festigkeitsbewertung, Motor und Propeller, Brückendesign.
Haig-Brown, A.:
Growing the ships and the fleet
Motor Ship (85) 2004, issue Jun., pages 20-21
Ref.: Vancouver-based Seaspan Container Lines (SCL) has placed
orders for five 4,250 TEU ships for delivery in 2005, five 8,100 TEU
ships for delivery in 2004, and eight 9,600 TEU ships for delivery in
2006/2007. All of these ships will go under charter to China
Shipping Lines. Seaspan also has on order nine 4,250 TEU ships for
delivery in 2006/2007 with charter arrangements in place for CP
Ships. When delivered, these ships will catapult SCL into the major
league of container ship owners. Samsung Heavy Industries in Korea
is recognised as world leaders in the building of container ships,
there is little doubt that when ships with larger than 10,000 TEU
capacity will be ordered, they will be built in Korea. But they will be
built with significantly different technologies. The 9,600 TEU ships
currently on order have grown within the same technological envelop
as that developed for the 8,100 TEU ships. According to Seaspan
Container Lines' Director, Graham Porter, the main limiting factors in
building container ships over 10,000 TEU is the thickness of the steel
plate and the existing welding techniques. The specifications of
Seaspan's 10,000 TEU container vessel are outlined in this
contribution. The growth in ship size involves two related factors, the
hull form and the propulsion package. Some speculation on
container ships larger than 10,000 TEUs predicts twin-engine
configurations to drive the larger ship. While the container trade is
growing marginally, the efficiencies of the larger ships will allow them
to compete effectively on the heavier-volume cargo routes. With most
major ports installing container cranes that will reach to 20 or even
22 containers stowed across a ship, the beam stacking of containers
is not an issue. Whether the market demands will be there for this
larger tonnage as it comes into service over the next few years is less
predictable.
Gardiner, P.:
Hamburg Süd: building in Asia
Lloyd's Shipping Economist (26) 2004, issue 1, pages 28-31
Ref.: German liner company Hamburg Sud has expanded its global
network of liner services and has established itself as a leading
player in a number of trades. In this article the author examines the
path of expansion, how the company is currently positioned, its
services and its probable strategy for the coming years. The group is
involved in several areas of shipping, grouped in liner and tramp.
The main areas of operation are the north-south markets. Despite its
early-90s acquisitions, Hamburg Süd was still a relatively small
player. In recent years, liner acquisitions have lifted the number of
containerships operated by the Hamburg Süd group to 71, compared
with 46 at the end of 2002. The containership fleet with brief details
is presented in a table. The purchase of Kien Hung and Ellermann
should lift the group's annual carryings to around 1.2m in 2004. The
operational environment for Hamburg Süd is undeniable a difficult
one, because of the ups and downs of the north-south markets. The
most likely strategy of the group is to concentrate on growth in Asia,
while retaining its long-held strategy of north-south specialisation.
Wen Chang Huang, B.:
Hinged containership design concept
Motor Ship (85) 2004, issue Jun., pages 26-27
Ref.: The concept of building a ship as two or more independent ship
sections joined together by means of a hinge has never been fully
explored or tried out. A ship's engineer from Taiwan, Bill Wen Chang
Huang, claims to have solved the problem by incorporating
improvements to existing US patents and has now patented his ideas
with the United States Patent. This article outlines the hinged
containership design concept, which could be the answer for the ultra
large container ship. The principal objective of the invention is to
provide a novel ship design where the ship is constructed in at least
two separate ship bodies linked to each other by means of a huge
horizontally installed hinge. Another objective of the invention is to
enable the ship sections to be readily attached or detached from one
another so that when approaching a small harbour or quay, the
hinged ship can be tanken apart thus facilitating berthing. If
compared with conventional vessels of the same structural strength,
the hinged ship can be made larger which means ship holds become
larger, less engine power and smaller propellers are needed
consequently resulting in less fuel as well as material cost. Lloyd's
Register (LR) has been asked for their expert comments and, based
on a cursory examination, LR is of a general opinion that, on the
whole, the hinged containership concept appears to be a feasible
design. One of the crucial issues would be the strength and
construction of the hinge.
Power, T.:
How to manage liner costs
Lloyd's Shipping Economist (26) 2004, issue 1, pages 22-24
Ref.: Liner companies have had to place increasing emphasis on
controlling costs to enhance profit margins. The author reports on the
strategies lines have adopted to achieve this and how successful they
have been. At present container costs are under pressure as never
before. Approximately 40 per cent of costs relate to the positioning of
the empty container. Liner operators can have a very significant
impact on their costs by careful selection of cargo flows. A table
presents costs for movement of a 40' container from Shanghai to
Manchester. The development of the Internet offers cost savings for
liner operators. Web portals like CargoSmart, GTN and INTTRA
provide the customer with a single platform through which he can
interact with the liner company.
Gardiner, P.:
North-south trades: cost pressures soar
Lloyd's Shipping Economist (26) 2004, issue 5, pages 12-15
Ref.: The north-south trades covers routes linking Europe, Asia and
North America to Australia and New Zealand, sub-Saharan Africa,
South America, Central America and the Caribbean. In general
terms, north-south volumes have been growing. The expansion of
north-south liner trades is being threatened by the soaring costs of
chartering vessels and dealing with trade imbalance. The author
analyses recent trends on the different routes and how operators are
responding to the challenges. The most notable trend is the growing
share of multi-trade operations, which link more than two trading
areas and include many configurations. The main rationale behind
the operational changes has been to reduce costs, and this has
become a crucial problem as costs have spiralled. For operators
rising charter and repositioning costs are causing some difficulties.
The increase in the number of ships deployed on north-south routes
in 2003 was very slow, crawling up from 616 to 625 ships. Charter
rates are extremely important to this trade as 62 per cent of ships in
north-south operation are charterd in. A table presents containership
deployment by carrier group as of 1 January 2004.
Koch, T.; Soergel, J.:
The Container Terminal Altenwerder
Ports and Harbors (49) 2004, issue 2, pages 18-21
Ref.: In autumn 2002, the Container Terminal Altenwerder (CTA)
started its operation. Owned and operated by HHLA, the new facility
is regarded as one of the most modern and innovative container
terminals in the world. 2003, in its first full year of operation, CTA
has reached a throughput of nearly 900.000 TEU. Final annual
capacity after completion of phase II will be 1.9 mill. TEU in 2004.
The successful realisation of CTA has proven that by use of
automation in combination with intelligent steering and terminal
logistics systems, efficiency in handling and at the same time cost
reduction can be achieved.
SSMR June 2004 19

ISL – SEABASE – New literature on container market developments
Drewry Shipping Consultants:
Annual review of global container terminal operators
London : Drewry Shipping Consultants, 2003.- 89 pages
Ref.: Analysis of the global container terminal operators. Private
sector participation has increased over the past decade as a result of
the privatisation of existing facilities and the utilisation of private
finance to construct new facilities. Over half of the world's container
terminal capacity is now managed by a small number of companies
that can be defined as global container terminal operators. These
companies, which by definition have operations in more than one
world region, handled an estimated 160 mill. TEU in 2002, over 58
per cent of total world container port throughput. The ten leading
container terminal operators are Hutchinson Port Holdings (HPH),
PSA Corporation, APM Terminals, P&O Ports, Eurogate, Evergreen
Marine Corporation, Dubai Ports Authority (DPA), Cosco, Hanjin
Shipping, and SSA Marine. Drewry's capacity forecasts show that the
global operators' share of world container terminal capacity will
increase at an average 5.6 per cent per year between 2002 and
2008. Contents of this study: 1) Global container terminal industry
structure. 2) Leading operators' league tables (rankings). 3) Analysis
of leading operators. 4) Operator analysis by region.
Ocean Shipping Consultants:
Containerisation in the Americas to 2015
Chertsey/Surrey : Ocean Shipping Consultants, 2003.- 170
pages
Ref.: This study analyses the evolution of regional container handling
demand by port and assesses current developments in the Americas.
The Americas have seen a 2.5-fold increase in containerport demand
since 1990, and expanded even during the economic downturn in
2002. Demand has been boosted by both regionalisation, the
integration of trading patterns within the Americas, and globalisation,
which is progressively integrating all markets with Asia by means of
deepsea links and transshipments. North American containerport
demand has more than doubled over the period, with particularly
strong growth experienced in the Far East-North America trades,
especially with regard to China. Growth has been even more rapid in
the developing markets of Latin America and the wider Caribbean.
Future demand in the Americas is forecast to 2015 by region and
port range. Contents of this study: 1) Introduction. 2) Driving forces
and strategic issues. 3) Overview of markets and forecasts. 4) The
North American containerport market. 5) The Caribbean and Central
American containerport market. 6) The South American containerport
market. 7) Container shipping trends in the Americas. 8)
Containerport productivity in the Americas. 9) North American
intermodalism.
Foxcroft, A. (Ed.); Boyes, J.R. (Ed.); Hennessey, M. (Ed.):
Containerisation International:
Market analysis. World container census 2003
London : Containerisation International, 2003.- 56 pages
Ref.: Annual analysis of world container fleet with regard to: fleet
profile, ownership profile, leased fleet, maritime dry freight fleet
profile, maritime reefer fleet profile, regional fleet profile, fleet growth
For further information concerning ISL-Seabase and
ISL Information Centre/Library please contact
Ms Ogiolda or Ms Fegbeitel
by Phone: + 49-421 22096-44/-46
or by E-mail: library@isl.org
20 SSMR June 2004
review. The census confirms that there were almost 16 mill. TEU
owned and leased worldwide by mid-2002, comprising almost 15.2
mill. TEU of maritime build and over 775,000 TEU of region-specific
or domestic container types, despite achieving its slowest rate of
annualised growth in almost a decade by just 4.5 per cent. Global
box inventories numbered over 10.5 mill. units at mid-2002 and were
valuated at around US$32.2 bill. The total leased container fleet
amounted to 7.2 mill. TEU at mid-2002. Despite the recent changes
affecting the global box building sector, annualised global production
has remained remarkably stable, averaging 1.4-1.6 mill. TEU, since
the mid-1990s. However, it is imminently forecast to increase,
because of greater replacement and the need to service the
expansion of an ever-larger fleet size.
Marconsult:
Performances of container terminals. Report 2003
Genoa : Marconsult, 2003.- 66, annex pages
Ref.: Report on container terminal productivity. Update of the
previous report 2000. The objective is to establish some comparative
assessment criteria for container terminals. This report examines and
evaluates the infrastructural, structural and organisational data and
the traffic volumes of 34 European container terminals. In addition, it
also considers some non-European terminals that may be regarded
as benchmarks. Annex 1 contains terminals' synthetic cards. Annex 2
provides a detailed description of the various institutional set-ups of
the ports. Annex 3 explains the methods used.
Visser, D. (Ed.):
Dynamar: Top 25 container liner operators
Alkmaar : Dynamar, 2003.- 135 pages
Ref.: This publication provides an extensive overview of the world's
largest container shipping companies. Besides a ranking profile of
the top 25 liner operators it provides details of their order book,
container fleet size as well as full container carryings. The report is
rounded off with a listing of alliances, consortia and joint services.
Main findings of the study are: the top 25 liner operators control
nearly 80 per cent of the world's total TEU capacity; have a share of
more than 75 per cent of total chartered fleet; carry more than 80
per cent of all full containers lifted worldwide; twelve of the top 25
operators co-operate in the three large East-West Alliances; the three
large East-West Alliances deploy 27 per cent of the world's total
cellular capacity. The main body of this study provides corporate
profiles of each carrier (and each of their operating subsidiaries) in
alphabetical order.
Dynamar: Top 31-60 liner operators trading profiles
Alkmaar : Dynamar, 2003.- 103 pages
Ref.: This publication provides an extensive overview of the world's
container shipping companies. Besides a ranking profile of the 31-60
liner operators in terms of TEU capacity as well as details of their
order book, container fleet size and full container carryings it
provides corporate profiles of each carrier in alphabetical order. The
report is rounded off with a listing of alliances, consortia and joint
services, port and trade statistics.
The above is a small sample of literature concerning the
topics of this issue. If you want to see the wide range of
publications please use also our on-line search form at:
http://www.isl.org/library
You miss your publication in this? Please contact our
team

ISL Market Review 2004 - merchant fleet data
Fleet Data Date Unit % change over
2003 2004 same
Apr. July Oct. Jan. April prev. period
period prev. year
Total world merchant fleet
- 300 gt and over -
1st 1000 dwt
Total 827483 836231 834505 840355 853804 1.6 3.2
Oil tankers 312979 317101 314534 317827 324136 2.0 3.6
Chemical tankers 8412 8544 8634 8791 8875 1.0 5.5
Liquid gas tankers 19843 20065 20443 20835 21478 3.1 8.2
Bulk carriers 286167 288427 288704 289510 294032 1.6 2.7
OBO carriers 12504 12366 12168 12107 12031 -0.6 -3.8
Container ships 85312 87685 88167 90214 91726 1.7 7.5
General cargo ships
of which
96430 96164 95969 95187 95601 0.4 -0.9
Single-deck ships 42736 42933 43144 42858 43264 0.9 1.2
Multi-deck ships 28588 28139 27797 27326 27152 -0.6 -5.0
Reefer ships 7071 6827 6788 6758 6844 1.3 -3.2
Special ships 9859 10046 10004 10075 10070 -0.0 2.1
Ro-Ro cargo ships 8176 8219 8237 8171 8271 1.2 1.2
Passenger ships 5836 5879 5887 5884 5925 0.7 1.5
Additions to fleet during 1000 dwt
- 300 gt and over - the
prev. quarter
Total 16053 15661 9169 13605 17437 28.2 8.6
Oil tankers 10050 8886 5003 8117 8842 8.9 -12.0
Chemical tankers 174 197 179 181 209 15.2 19.8
Liquid gas tankers 411 326 468 492 771 56.5 87.6
Bulk carriers 3234 3138 2088 2343 5395 130.3 66.8
OBO carriers - 121 - 120 - ... ...
Container ships 1705 2472 1035 1943 1537 -20.9 -9.8
General cargo ships
of which
451 408 370 371 624 68.3 38.5
Single-deck ships 297 319 279 161 352 119.1 18.3
Multi-deck ships 8 7 24 10 88 746.3 1021.2
Reefer ships - 5 6 3 16 437.4 ...
Special ships 63 21 1 85 26 - -57.7
Ro-Ro cargo ships 83 56 61 112 141 26.2 70.7
Passenger ships 29 111 26 38 59 56.7 104.0
Note: Information on newbuildings entering the merchant fleet have in some cases time lacks. Thus, "additions to fleet" include ships completed during the last
two years, but entering the fleet during the quarter under review.
Broken-up tonnage during 1000 dwt
- 300 gt and over - the
prev. quarter
Total
Tankers
7382
4482
8158
4347
10279
7032
6856
4874
6011
4191
-12.3
-14.0
-18.6
-6.5
Bulk carriers 1745 2045 1817 1033 977 -5.4 -44.0
Container ships 317 288 395 11 99 799.9 -68.7
General cargo ships
of which
816 1426 993 879 688 -21.7 -15.7
Single-deck ships 130 507 207 281 262 -7.0 101.4
Multi-deck ships 581 644 552 445 304 -31.7 -47.7
Passenger ships 1000 dwt 23 53 40 58 56 -4.1 144.8
Passenger ships 1000 gt 82 178 148 - 169 ... 106.9
Note: For definition of ship types compare "Definitions".
(Source: ISL based on data from LR/Fairplay)
SSMR June 2004 21

ISL Market Review 2004 - merchant fleet data
% change over
Fleet Data
2003 2004
prev.
same
period
Date Unit Nov. Dec. Jan. Feb. Mar. Apr. May period prev. year
Laid-up tonnage mid1000 dwt
- 300 gt and over - of month
Total 1184 1152 1159 1046 1033 1002 1054 5.2 -51.9
Tankers 220 206 216 217 217 217 216 -0.4 -80.5
Bulk carriers 155 155 155 90 90 90 127 41.0 -31.6
Container ships 96 96 100 32 32 32 32 - -66.2
General cargo ships
of which
586 547 548 554 557 545 564 3.4 -14.3
Single-deck ships 189 171 155 153 153 150 151 0.7 -20.4
Multi-deck ships 182 169 175 180 183 179 198 10.8 -19.1
Passenger ships 1000 dwt 127 149 141 153 137 118 115 -2.5 -21.4
Passenger ships 1000 gt 393 475 442 479 440 370 354 -4.4 100.5
Lay-up rate of total world fleet % 0.14 0.12
Broken-up tonnage during1000 dwt
- 300 gt and over - the month
Total 2182 2536 2141 1929 1942 1249 -35.7 -26.8
Tankers 1389 1746 1232 1425 1534 994 -35.2 82.0
Bulk carriers 452 407 531 245 202 87 -57.1 -85.5
Container ships - 11 45 54 - 50 - -23.0
General cargo ships
of which
332 332 308 198 182 104 -42.7 -77.8
Single-deck ships 77 131 99 109 54 16 -71.0 -93.7
Multi-deck ships 195 157 190 48 66 56 -14.7 -57.5
Passenger ships 1000 dwt 9 41 25 6 25 15 -39.2 -49.5
Passenger ships 1000 gt 31 90 63 31 76 54 -28.3 -40.3
Laid-up tonnage - dwt percent change over previous month 2002 - 2004
60.0
40.0
20.0
0.0
-20.0
-40.0
-0.9 -2.9
3.0
Broken-up tonnage - dwt percent change over previous month 2002 - 2004
600.0
450.0
300.0
150.0
0.0
-150.0
(Source: ISL based on LR/Fairplay)
-2.9
0.0 -2.8 -3.0
1.0
-8.0
2.8
43.6
-4.3
11.7
-0.7 -1.4
-28.9
-20.0
-3.0 -2.7
0.6
-9.8
-1.3 -3.0
M J J A S O N D J2003 F M A M J J A S O N D J2004 F M A M
ISL2004
582.1
-46.1
26.9 18.2 31.8 11.0
-6.0 -8.6
5.6
-40.8 -52.0
52.5
152.7
-53.0
69.9
11.3
-21.7 -28.8 -27.3
16.2
-15.6 -9.9
M J J A S O N D J2003 F M A M J J A S O N D J2004 F M A
22 SSMR June 2004
0.7
5.2
-35.7
ISL2004

ISL Market Review 2004 - shipping prices and costs
% change over
Shipping Prices and Costs
2003 2004
prev.
same
period
Date Unit Nov. Dec. Jan. Feb. Mar. Apr. period prev. year
Second hand prices end mill US $
Bulk carrier
of
28000 dwt, 1984 built month 6.0 6.2 8.0 8.5 9.0 9.0 - 87.5
28000 dwt, 1989 built 8.8 9.5 11.0 12.0 14.0 14.0 - 102.9
28000 dwt, 1995 built 13.0 13.0 14.5 15.8 17.5 17.5 - 66.7
42000 dwt, 1984 built 7.2 8.0 10.0 13.0 14.0 14.0 - 133.3
42000 dwt, 1989 built 11.0 12.0 14.0 17.0 18.0 17.0 -5.6 82.8
45000 dwt, 1995 built 16.5 18.0 21.0 24.5 26.0 25.0 -3.8 78.6
65000 dwt, 1982 built 7.3 8.0 11.5 13.5 15.0 12.0 -20.0 128.6
68000 dwt, 1989 built 14.0 14.5 19.5 22.0 23.0 20.0 -13.0 94.2
73000 dwt, 1995 built 21.5 23.5 30.0 32.0 33.5 30.0 -10.4 87.5
135000 dwt, 1981 built 9.5 12.0 15.0 20.0 20.0 16.0 -20.0 204.8
145000 dwt, 1989 built 24.0 25.0 32.5 34.5 34.5 30.0 -13.0 76.5
165000 dwt, 1995 built
Tanker
37.0 39.0 47.0 48.5 48.5 43.0 -11.3 62.3
VLCC M/T 300000 dwt, 1998 built, double hull 68.0 72.0 73.0 73.0 74.0 74.0 - 25.4
VLCC M/T 285000 dwt, 1990 built - dely AG 31.0 34.0 34.0 34.0 35.0 35.0 - 29.6
M/T 150000 dwt, 1998 built, double hull 46.0 48.0 49.0 49.0 50.0 50.0 - 16.3
M/T 140000 dwt, 1990 built 23.0 23.0 24.0 24.0 24.0 24.0 - 9.1
M/T 105000 dwt, 1998 built, double hull 36.0 38.0 42.0 42.0 43.0 43.0 - 34.4
M/T 95000 dwt, 1993 built, double hull 28.0 29.0 31.0 31.0 31.0 31.0 - 24.0
M/T 95000 dwt, 1990 built 16.0 17.0 18.0 18.0 18.0 18.0 - 12.5
M/T 60/75000 dwt, 1986 built, coated 15.0 16.0 17.0 17.0 17.0 17.0 - 21.4
M/T 45000 dwt, 1998 built, coated double hull 27.0 28.0 30.0 30.0 30.0 30.0 - 25.0
M/T 40000 dwt, 1990 built, coated
(Source: R.S. Platou A/S)
13.0 13.0 14.0 14.0 14.0 14.0 - 7.7
Demolition prices by area end US $/
Far East Displ. t 270.0 307.5 325.0 380.0 365.0 305.0 -16.4 47.0
Pakistan/India 260.0 282.5 325.0 365.0 385.0 396.3 2.9 88.7
(Source: R.S. Platou A/S)
Demolition prices by ship type end US $/
Tanker Displ. t
VLCC 265.0 310.0 330.0 400.0 400.0 410.0 2.5 105.0
Aframax 270.0 310.0 330.0 400.0 400.0 410.0 2.5 95.2
30´ Clean 270.0 310.0 330.0 400.0 400.0 410.0 2.5 95.2
Capesize 255.0 280.0 295.0 370.0 375.0 380.0 1.3 90.0
Handy 38´ 255.0 280.0 295.0 370.0 375.0 380.0 1.3 90.0
General cargo
(Source: Fearnleys)
260.0 290.0 305.0 380.0 380.0 385.0 1.3 87.8
Bunker market prices mid per m.t.
Hamburg, Rotterdam, Le Havre of US $ fob
Fuel 180 CST month 170.7 153.3 156.3 156.0 162.8 169.3 4.0 25.1
Marine diesel oil 252.0 256.3 274.3 258.0 256.0 286.7 12.0 30.9
US Ports ex wharf
Fuel 180 CST 167.3 163.3 176.3 175.7 178.3 174.3 -2.2 14.4
Marine diesel oil
(Source: Lloyd's List, compiled by E. Björn-Hansen, Oslo)
284.0 291.7 291.7 310.0 313.0 308.3 -1.5 -3.4
Currency units, exchange rate average
Euro / US $ of 1Euro/US$ 1.200 1.259 1.247 1.249 1.232 1.198 -2.8 7.1
Euro / UK Pound month 1Euro/UK£ 0.697 0.705 0.683 0.670 0.688 0.676 -1.7 -3.2
Euro / Yen 1Euro/¥ 130.48 133.74 131.67 131.67 132.59 131.96 -0.5 -0.9
US $ / Yen (a) 1US$/¥ 109.45 107.13 106.44 109.62 109.99 110.35 0.3 -7.8
US $ / Won (a)
(a) Exchange rate as of end of month
(Source: Deutsche Bundesbank)
1US$/100Won 12.02 11.93 11.74 11.76 11.89 11.73 -1.3 -3.5
SSMR June 2004 23

ISL Market Review 2004 - economic indicators
World market prices
Overall index (a)
IMF non fuel
commodities
Moody´s HWWA (a)
1995 = 100 1995 = 100 2000 = 100
2003 February 81.2 107.5 110.9
March 80.0 103.3 104.8
April 79.5 107.1 94.1
May 79.6 109.1 95.8
June 79.4 108.1 99.3
July 79.0 111.0 101.1
August 80.5 111.1 104.0
September 82.2 113.4 99.0
October 85.5 117.5 105.4
November 87.7 121.3 107.1
December 46.0 125.3 110.7
2004 January 94.0 130.2 117.1
February 97.1 136.2 118.7
March 98.9 136.4 126.5
April 99.9 140.0 127.5
May 97.7 138.9 134.6
(Source: IMF, Handelsblatt and HWWA)
World market prices
Indices for selected Grain Oilseeds Luxuries Non Iron ore, Coal Agricult. Crude
commodities (a) ferrous scrap raw oil
2000=100 metals metals material
2003 April 111.4 116.2 106.8 85.9 121.7 97.4 102.3 89.5
May 115.3 122.5 104.2 89.8 118.9 96.5 103.5 91.3
June 110.8 121.3 94.8 91.4 113.4 99.2 103.6 97.6
July 103.7 113.9 97.5 93.1 114.0 102.2 102.3 100.7
August 111.1 110.7 98.3 95.1 117.5 105.3 101.6 104.6
September 113.0 120.8 100.6 94.9 120.9 111.1 104.3 94.7
October 111.2 141.1 94.9 101.2 125.1 114.9 110.8 101.8
November 117.6 147.4 93.6 105.6 124.7 124.5 112.1 102.5
December 121.7 148.0 98.0 112.2 128.2 142.2 111.1 105.3
2004 January 127.3 158.1 104.3 119.7 149.7 159.7 114.4 110.3
February 129.8 165.0 103.9 128.2 163.6 165.2 115.0 109.8
March 137.1 187.0 105.3 129.6 173.9 198.6 115.3 117.3
April 141.4 190.3 102.6 129.9 164.5 207.8 114.1 118.8
May 137.4 182.4 103.3 121.7 154.2 219.6 114.8 131.3
(a) Price indices are rebased, based on US$
(Source: HWWA)
200.0
175.0
150.0
125.0
100.0
75.0
50.0
Grain
Oilseeds
Agriculture
2000 2001 2002 2003 2004
140
130
120
110
100
90
80
70
HWWA Index
2000 2001 2002 2003 2004
200.0
175.0
150.0
125.0
100.0
24 SSMR June 2004
75.0
50.0
Coal
Crude oil
ISL 2004
2000 2001 2002 2003 2004
ISL 2004

ISL Market Review 2004 - economic indicators
Production indices per working day for selected countries (2000=100)
Total industry
exclud. construction
average 2003 2004 prev.
same
period
2002 2003 Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. periodrev. year
Selected countries
Germany, FR of 96.0 100.2 100.2 100.6 99.4 98.6 101.4 98.1 97.8 100.6 101.3 100.9 102.1 101.5 -0.6 0.7
France 98.8 99.7 99.9 99.2 97.9 98.6 98.8 99.2 100.1 101.0 100.4 100.1 99.7 102.0 2.3 1.3
Italy 97.0 97.5 97.3 97.3 96.0 96.6 98.2 98.2 97.5 97.7 98.0 97.9 97.6 97.5 -0.1 -0.1
Spain 100.6 100.9 100.3 101.8 99.8 100.5 101.0 100.5 100.4 101.3 101.1 101.3 100.4 102.0 1.5 1.6
United Kingdom 97.2 95.1 95.0 95.0 95.1 95.8 95.6 94.8 95.0 95.6 94.9 95.0 95.0 94.6 -0.4 -0.9
EU-15 97.1 99.5 99.1 99.5 98.6 98.9 99.5 99.3 99.2 100.2 99.9 100.2 100.0 100.1 0.1 0.2
105
100
95
90
85
Production indices per working day for EU-15, Japan and
the USA 1999 - 2004
2000=100
J1999 J2000 J2001 J2002 J2003 J2004
Production indices per working day for EU-15, Japan and the USA (2000=100) by main industrial groups
2003 2004 same
Industrial group average Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Jan. Feb. prev. period
2002 2003 periodrev. year
Total industries EU-15 111.7 99.4 99.1 99.5 98.6 98.9 99.5 99.3 99.2 100.2 99.9 100.2 100.0 100.1 0.1 0.6
Japan 96.4 95.8 94.4 93.3 95.3 94.2 94.0 93.9 97.4 98.2 98.8 98.6 101.6 97.6 -3.9 3.5
USA 123.5 96.3 96.0 95.4 95.3 95.3 96.0 96.0 96.6 97.0 97.9 98.0 98.7 99.4 0.8 2.9
Intermediate goods EU-15 113.9 99.2 98.7 99.0 98.3 98.6 99.4 98.8 98.9 100.0 100.0 100.2 99.8 100.0 0.2 1.3
industries Japan 100.6 95.4 93.8 92.5 94.7 93.6 94.1 93.4 96.9 97.9 98.6 98.4 101.3 97.3 -3.9 4.1
USA 125.4 95.6 95.3 94.7 94.6 94.7 95.2 95.2 96.0 96.3 97.1 97.3 97.6 98.7 1.1 3.3
Capital goods EU-15 124.8 99.2 98.1 99.8 98.3 97.7 99.7 98.2 98.7 100.6 100.8 100.4 100.0 99.8 -0.2 1.0
industries Japan 84.5 80.5 82.0 77.2 81.7 82.9 80.4 80.1 80.4 80.1 80.3 ... ... ... ... ...
USA 126.3 125.6 125.5 124.8 125.6 125.9 125.6 125.7 125.6 125.7 126.1 ... ... ... ... ...
Durable consumer EU-15 107.0 89.7 89.0 89.5 88.5 89.0 91.2 89.1 89.6 90.6 90.1 90.7 91.1 90.9 -0.2 0.8
goods industries Japan 101.6 104.2 103.3 104.1 107.2 105.1 103.9 103.3 103.9 103.3 103.3 ... ... ... ... ...
USA 147.2 152.8 150.9 149.9 149.9 150.9 152.3 152.5 155.0 155.6 157.8 ... ... ... ... ...
Non-durable consumer EU-15 107.0 101.4 100.9 101.6 100.3 101.3 102.1 101.7 101.2 101.7 101.7 101.9 101.8 101.9 0.1 0.8
goods industries Japan 94.8 97.7 98.3 97.8 97.7 94.7 97.2 97.2 97.2 97.2 101.7 ... ... ... ... ...
USA 103.4 100.6 101.4 100.8 100.6 100.1 100.5 100.3 100.3 100.4 100.8 ... ... ... ... ...
(Source: EUROSTAT, Data Base New Cronos)
US EU-15 Japan
110
105
100
95
90
85
80
2000=100
% change over
Production indices per working day for EU-15 by main
industrial groups 1999 - 2004
J1999 J2000 J2001 J2002 J2003 J2004
Capital goods industries
Durable consumer goods industries
Intermediate goods industries
ISL 2004
% change over
SSMR June 2004 25

ISL Market Review 2004 - freight market
T o p i c
(Source)
% change % change
2003 2004 of last over prev. over prev.
Basis Nov. Dec. Jan. Feb. Mar. Apr. 12 months period year
Dry cargo market
Time charter `71=100 402 459 431 507 ... ... 394.5 ... ...
Trip charter 65/66=100 244 244 244 244 ... ... 235.5 ... ...
Tanker market ... ...
VLCC/ULCC, 150000 dwt & over World- 57.9 125.5 125.0 145.9 122.9 ... 90.8 ... ...
Medium crude, 70'-150000 dwt scale 120.4 278.9 268.1 179.0 176.1 ... 163.6 ... ...
Small crude, 30'-70000 dwt 153.3 332.5 345.0 306.3 191.3 ... 228.4 ... ...
Handy sized dirty - 35000 dwt 202.0 290.0 285.0 400.0 349.4 ... 255.3 ... ...
Clean, all sizes 180.0 288.6 265.6 356.6 370.0 ... 267.6 ... ...
(Source: Lloyd´s Ship Manager)
Tramp tonnage
Trip charter indices '85=100
Combined index 309 360 563 613 451 558 362.3 23.7 122.2
12000 -19999 dwt ... ... 341 349 ... 448 315.3 ... ...
20000-34999 dwt 422 469 601 716 636 615 426.5 -3.3 125.5
35000-49999 dwt 417 521 521 721 706 571 424.6 -19.1 174.7
50000-84999 dwt 605 688 688 835 861 730 530.8 -15.2 164.9
85000 dwt and over 662 722 722 881 735 604 506.6 -17.8 182.7
(Source: Lloyd's Shipping Economist)
Quarterly changes of selected freight rate averages 2002 - 2004 (in %)
50.0
40.0
30.0
20.0
10.0
-
-10.0
3.5
-1.1
Time charter
30.9
II/02
III/02
IV/02
I/03
6.9
5.8
3.7
15.6
9.4
II/03
III/03
IV/03
I/04
15.0
10.0
5.0
-
-5.0
-10.0
4.1
-0.3
Trip charter
4.6
2.2
average
Liner trade index
ISL2004
Liner trade indices
Overall index 95=100 100.5 96.0 93.2 93.1 96.4 100.0 100.0 3.7 -0.5
Homeward-bound liner 95.7 91.7 88.1 88.0 91.9 96.3 94.5 4.8 3.0
Outward-bound liner
by trading area
105.1 100.1 98.0 98.0 100.8 103.5 105.2 2.7 -3.4
Europe 94.4 94.4 94.4 94.3 94.4 94.6 94.7 0.2 -2.5
America 115.3 110.4 107.6 107.1 110.0 113.6 111.9 3.3 3.0
Asia
(Source: Statistisches Bundesamt, FRG)
88.7 82.7 78.8 79.0 83.7 88.4 89.8 5.6 -2.1
6.6
0.4
II/02
III/02
IV/02
I/03
II/03
III/03
26 SSMR June 2004
3.3
2.1
IV/03
I/04
20.0
10.0
-
-10.0
-20.0
-30.0
-8.3
-0.9
4.9
-0.9
5.7
0.5
II/02
III/02
IV/02
I/03
II/03
III/03
IV/03
-3.9
-5.2
I/04

ISL Market Review 2004 - freight market
T o p i c
(Source)
2003 2004 % change % change
Basis over over
Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May prev. prev.
period year
Tanker freight rates
Dirty
AG-West World- 81.6 53.0 123.1 117.5 113.1 106.9 96.3 86.3 80.8 -6.4 -3.6
AG-East scale 104.4 56.0 151.9 151.5 133.8 135.0 104.4 93.5 97.5 4.3 3.9
Med-USAC
Clean
105.6 137.0 153.8 229.0 273.8 188.8 180.0 150.0 154.2 2.8 5.0
Med-NW Europe 207.5 200.0 271.3 303.0 340.0 356.3 345.0 239.0 246.7 3.2 -30.0
Med-USAC 235.0 218.0 263.8 313.0 352.5 403.8 390.0 257.0 242.5 -5.6 -18.8
(Source: Petroleum Economist)
2004
T o p i c Basis
(Source) Apr. Apr. Apr. Apr. May May May May May
03. 10. 17. 24. 01. 08. 15. 22. 29.
General freight index 1972 428.2 422.0 420.7 420.8 419.9 417.8 419.0 418.3 417.5
Grain freight index =100 455.5 449.2 448.5 448.5 447.6 447.0 448.5 447.7 446.8
Miscellaneous freight index
Time charter indices
368.1 362.1 359.4 359.7 358.9 353.5 354.1 353.8 353.0
Time charter 548.2 516.7 503.5 541.3 482.6 449.6 459.9 433.8 411.7
Time 1 to 2 months 618.8 585.7 591.3 611.2 582.0 510.4 514.0 457.9 432.0
Time 2 to 3 months 551.8 512.4 490.3 542.6 462.6 436.1 450.5 427.9 409.2
Time over 6 months 432.3 440.6 442.2 437.3 437.3 427.4 427.4 427.4 394.4
Weekly - No. of fixtures
reported
340 346 236 369 368 271 358 390 373
T o p i c Unit
2003 2004
%change
over prev.
% change
over prev.
(Source)
Charter fixtures,
worldwide
4 resp. 5 weeks
Sep. Oct. Nov. Dec. Jan. Feb. Mar. Apr. May period year
Coal No 19 7 26 23 23 27 39 43 44 2.3 69.2
1000 m.t. 1593 597 2345 2016 2066 2442 3491 4182 3784 -9.5 12.1
Grain No 20 31 12 8 12 26 16 16 15 -6.3 -25.0
1000 m.t. 676 716 282 193 251 364 296 419 258 -38.5 -57.5
Coal and Grain - monthly charter fixtures 2003 - 2004 (ton-% change)
200
180
160
140
120
100
80
60
40
20
0
-20
-40
-60
-80
-100
182.9
17.5
-38.9
-65.9
Grain
Coal
121.8
100.9
56.7
-44.3
-72.1
(Source: ISL Bremen based on Information from Maritime Research Inc., Parlin, New Jersey)
24.4
260.6
39.6
-29.3
39.6
5.8
-62.5 -60.7
292.9
-31.4 -14.0 -19.6
-33.3
44.8
18.2
-18.7
43.0 41.5
19.8
% change over
prev. period
-0.2
-0.2
-0.2
M A M J J A S O N D J2004 F M A M
-38.5
-5.1
-5.7
-4.4
-7.7
-4.4
-9.5
ISL2004
SSMR June 2004 27

ISL Market Review 2004 - world shipbuilding
ISL World Shipbuilding
Date Unit 2004
quarterly Apr. July Oct. Jan. Apr.
Order book - by ship type
- 300 gt and over - 1st
Total No 2290 2383 2729 2984 3101 3.9 35.4
1000 cgt 50427 53649 60603 67965 69559 2.3 37.9
1000 gt 83214 88663 103208 112383 118079 5.1 41.9
1000 dwt 121516 129015 150346 162480 171854 5.8 41.4
Oil tankers No 755 777 879 925 945 2.2 25.2
1000 cgt 17122 18287 19119 21339 20501 -3.9 19.7
1000 gt 34179 35776 39565 40350 41466 2.8 21.3
1000 dwt 60673 63668 70339 71335 73798 3.5 21.6
Liquefied gas & chem. tankers No 197 200 199 206 186 -9.7 -5.6
1000 cgt 6407 6645 6212 6766 6398 -5.4 -0.1
1000 gt 7931 8212 7614 8426 8035 -4.6 1.3
1000 dwt 6591 6829 6444 7125 6730 -5.5 2.1
Bulk carriers No 456 475 582 647 680 5.1 49.1
(incl. combined carriers) 1000 cgt 8022 8425 10357 11501 12086 5.1 50.7
1000 gt 17998 18919 23180 25685 26906 4.8 49.5
1000 dwt 33122 34886 42547 47205 49575 5.0 49.7
Container ships No 333 372 489 588 662 12.6 98.8
1000 cgt 9828 11098 15459 18782 21469 14.3 118.4
1000 gt 14277 16202 22717 27622 31679 14.7 121.9
1000 dwt 16351 18658 25823 31348 36214 15.5 121.5
General cargo ships No 372 396 416 438 460 5.0 23.7
1000 cgt 4556 5183 5640 5818 5872 0.9 28.9
1000 gt 5323 6491 7193 7407 7527 1.6 41.4
1000 dwt 4362 4655 4859 5126 5226 2.0 19.8
of which No 97 123 132 129 129 - 33.0
Reefer, special and 1000 cgt 2334 3034 3436 3417 3403 -0.4 45.8
Ro-ro cargo ships 1000 gt 3100 4371 5069 5125 5210 1.7 68.1
1000 dwt 1327 1765 1954 1997 2006 0.5 51.2
Passenger ships No 177 163 164 180 168 -6.7 -5.1
1000 cgt 4491 4010 3817 3758 3233 -14.0 -28.0
1000 gt 3506 3063 2938 2892 2467 -14.7 -29.6
1000 dwt 417 319 334 342 311 -9.2 -25.6
Order book - by country
group/countries
- 300 gt and over - 1st
OECD No 1611 1708 1965 2095 2204 5.2 36.8
of which 1000 cgt 41062 43922 49459 54100 55597 2.8 35.4
1000 gt 69074 73856 85850 90540 95624 5.6 38.4
1000 dwt 99618 106205 123352 128332 136691 6.5 37.2
Japan No 603 634 755 838 855 2.0 41.8
1000 cgt 13768 14878 16969 19088 18771 -1.7 36.3
1000 gt 25544 28156 33104 36309 37092 2.2 45.2
1000 dwt 39821 43480 50911 56282 58554 4.0 47.0
Korea, Rep. of No 569 632 762 780 857 9.9 50.6
1000 cgt 18556 20555 24140 26397 28339 7.4 52.7
1000 gt 34197 36625 43692 44812 49003 9.4 43.3
1000 dwt 52266 55168 64641 63696 69211 8.7 32.4
AWES No 415 402 427 453 456 0.7 9.9
1000 cgt 8894 8638 8842 9106 8973 -1.5 0.9
1000 gt 9763 9443 9867 10234 10372 1.3 6.2
1000 dwt 8615 8450 9329 9831 10411 5.9 20.9
Note: For definition of ship types compare "Definitions".
(Source: ISL Bremen 2004 based on quarterly updates from LR/Fairplay)
28 SSMR June 2004
% change over
prev.
period
same period
prev. year

I - 1.1 Laid-up tonnage ISL
1.1.1 By month 2003 and 2004
Dry cargo vessels Tankers
Ships of 300 gt and over
Grand Total
Year/ dwt-%
Mid month 1000 1000 1000 1000 1000 1000 change over
No gt dwt No gt dwt No gt dwt prev. month
2003
April 225 1376.1 1210.2 45 433.8 840.7 270 1809.9 2050.9 0.3
May 228 1331.5 1170.6 48 404.9 792.2 276 1736.4 1962.8 -1.8
June 223 1638.6 632.7 48 554.3 1106.2 271 2192.9 1738.9 -9.7
July 222 1616.6 592.6 51 560.3 1117.5 273 2176.9 1710.1 -3.7
August 219 1584.1 542.4 52 563.2 1122.8 271 2147.3 1665.3 16.0
September 209 995.7 973.2 49 271.0 552.6 258 1266.7 1525.8 -10.2
October 216 1015.3 989.6 51 131.6 231.1 267 1146.9 1220.7 -20.0
November 214 1013.3 964.0 52 131.2 220.0 266 1144.5 1184.0 -3.0
December
2004
216 1061.2 946.7 50 123.4 205.7 266 1184.6 1152.4 -2.7
January 217 1041.2 943.7 52 128.6 215.8 269 1169.8 1159.5 0.6
February 228 995.8 829.5 52 129.2 216.8 280 1125.0 1046.3 -9.8
March 224 957.1 816.2 52 129.2 216.8 276 1086.3 1033.0 -1.3
April 213 894.9 804.8 52 129.2 216.8 265 1024.1 1021.6 -1.1
May 212 897.7 838.4 51 128.5 215.8 263 1026.2 1054.3 3.2
Average 2004
Av. 12 months
219 957.3 846.5 52 129.0 216.4 271 1086.3 1062.9
June 2003 - May 2004 218 1142.6 822.8 51 248.3 469.8 269 1390.9 1292.7
1.1.2 By year of build and ship type mid of May 2004
Tankers Bulk Container General Passenger dwt-%
Year (1) No carriers ships cargo of which ships share
of (2) 1000 ships Single-deck Multi-deck of
build dwt ships ships TOTAL total
up to 1962 (1) 11 1 - 25 15 5 19 56
(2) 64.4 0.7 - 61.2 38.0 18.0 63.2 189.5 18.0
1963 - 1967 (1) 14 - - 23 13 5 17 54
(2) 20.7 - - 68.9 18.1 25.6 15.1 104.7 9.9
1968 - 1972 (1) 11 - 1 25 10 7 9 46
(2) 65.7 - 3.5 175.1 43.2 24.6 13.3 257.6 24.4
1973 - 1977 (1) 4 1 - 21 9 8 8 34
(2) 7.8 0.4 - 93.3 25.4 62.2 5.9 107.5 10.2
1978 - 1982 (1) 5 3 - 19 5 6 3 30
(2) 14.5 79.3 - 86.0 15.4 43.8 8.7 188.4 17.9
1983 - 1987 (1) 4 1 1 10 5 4 1 17
(2) 40.8 47.0 29.0 33.8 6.1 23.8 0.2 150.8 14.3
1988 - 1992 (1) 2 - - 9 2 - 6 17
(2) 2.0 - - 21.9 4.1 - 6.6 30.5 2.9
1993 - 1997 (1) - - - 5 1 - 3 8
(2) - - - 24 0.4 - 0.8 24.5 2.3
1998 - (1) - - - - - - 1 1
(2) - - - - - - 0.8 0.8 0.1
TOTAL No (1)
51 6 2 137 60 35 67 263
1000 dwt (2)
215.8 127.5 32.5 563.7 150.6 198.0 114.8 1054.3 100.0
Average age (Years) 35.1 27.2 25.8 32.8 36.0 32.5 36.8 34.1
Continued
SSMR June 2004 29

I - 1.1 Laid-up tonnage ISL
1.1.3 By major flags and ship type mid of May 2004
Ships of 300 gt and over
Tankers Bulk Container General Passenger dwt-% Av.
Flag (1) No carriers ships cargo of which ships share age
(2) 1000 ships Single-deck Multi-deck of (years)
dwt - rank dwt ships ships TOTAL total
1 Brazil (1) 1 3 1 6 - 3 - 11 25.7
(2) 2.2 89.3 29.0 45.2 - 25.7 - 165.6 15.7
2 Panama (1) 5 1 - 13 7 3 5 24 36.0
(2) 16.1 37.1 - 45.0 15.6 8.6 21.2 119.4 11.3
3 Liberia (1) 1 - - 1 - - - 2 35.4
(2) 2.1 - - 94.5 - - - 96.6 9.2
4 US (1) 2 - - 2 - 1 4 8 56.3
(2) 50.4 - - 10.6 - 10.4 28.6 89.6 8.5
5 Egypt (1) 1 - - 4 1 1 - 5 35.2
(2) 35.4 - - 7.2 3.1 2.1 - 42.7 4.0
6 Bahamas (1) - - - 2 - 2 3 5 21.5
(2) - - - 35.3 - 35.3 2.5 37.8 3.6
7 Italy (1) 5 - - 2 1 - 12 19 37.4
(2) 11.6 - - 9.3 4.3 - 12.2 33.1 3.1
8 Libya (1) - - - 4 - 3 - 4 19.0
(2) - - - 32.6 - 28.6 - 32.6 3.1
9 Greece (1) 8 - - 1 - - 10 19 39.7
(2) 9.9 - - 0.9 - - 18.5 29.3 2.8
10 Argentina (1) 1 - - 5 2 - 1 7 37.2
(2) 2.3 - - 24.3 15.1 - 0.5 27.0 2.6
11 Cyprus (1) 1 - - 2 - - 2 5 27.9
(2) 2.2 - - 16.4 - - 5.5 24.0 2.3
12 Indonesia (1) 2 - - 3 2 1 - 5 30.5
(2) 12.6 - - 10.3 9.5 0.8 - 22.8 2.2
13 Mexico (1) 1 - - - - - - 1 35.9
(2) 21.8 - - - - - - 21.8 2.1
14 Denmark (1) 1 - - 7 2 4 - 8 32.7
(2) 2.6 - - 18.6 1.4 7.8 - 21.2 2.0
15 Russia (1) 3 - - 15 5 1 - 18 19.6
(2) 5.4 - - 13.5 5.8 2.2 - 18.8 1.8
Others/unknown (1) 19 2 1 70 40 16 30 122 34.9
(2) 41.3 1.1 3.5 200.2 95.8 76.6 25.8 271.9 25.8
TOTAL No (1) 51 6 2 137 60 35 67 263 34.1
1000 dwt (2) 215.8 127.5 32.5 563.7 150.6 198.0 114.8 1054.3 100.0
1.1.4 By country groups of registration and ship type mid of May 2004
Ships of 300 gt and over
Tankers Bulk Container General Passenger dwt-% Av.
Country (1) No carriers ships cargo of which ships share age
groups (2) 1000 ships Single-deck Multi-deck of (years)
of registration dwt ships ships TOTAL total
OECD (1) 21 1 - 26 12 5 35 83 38.1
(2) 110.7 0.7 - 64.9 19.1 18.1 68.1 244.4 23.2
of which EU (1) 15 1 - 16 7 4 27 59 36.3
(2) 25.0 0.7 - 38.7 9.5 7.8 34.2 98.5 9.3
Open Registry Flags (1) 9 1 - 23 9 7 14 47 30.8
(2) 23.1 37.1 - 214.1 19.4 61.7 30.7 304.9 28.9
Others (1) 21 4 2 88 39 23 18 133 32.7
(2) 82.1 89.7 32.5 284.8 112.1 118.2 16.0 505.0 47.9
TOTAL No (1) 51 6 2 137 60 35 67 263 34.1
1000 dwt (2) 215.8 127.5 32.5 563.7 150.6 198.0 114.8 1054.3 100.0
dwt-% share of total 20.5 12.1 3.1 53.5 14.3 18.8 10.9 100.0
Note: Open registry flags include Bahamas, Bermuda, Cyprus, Liberia, Panama as "Majors" and Malta, Saint Vincent, Marshall Islands,
Cayman Islands and Antigua & Barbuda.
30 SSMR June 2004

I - 1.1 Laid-up tonnage ISL
1.1.5 Reported monthly tonnage reduction and addition by ship type up to mid of May 2004
Ships of 300 gt and over
Year/
General
(1) No Bulk Container cargo of which
Passenger
mid month (2) 1000 Tankers carriers ships ships Single- Multi-deck ships
dwt deck ships ships
TOTAL
TOTAL October 2003 (1) 51 6 2 146 68 34 62 267
(2) 231.1 155.0 96.1 612.3 194.7 201.8 126.2 1220.7
Addition November 2003 (1) 5 - - 7 4 - 4 16
(2) 9.4 - - 17.4 10.2 - 2.6 29.4
Reduction November 2003 (1) 4 - - 12 4 3 1 17
(2) 20.3 - - 43.8 15.9 19.8 2.0 66.1
TOTAL November 2003 (1) 52 6 2 141 68 31 65 266
(2) 220.2 155.0 96.1 585.9 189.0 182.0 126.8 1184.0
Addition December 2003 (1) 2 - - 7 1 2 14 23
(2) 2.9 - - 16.3 1.6 3.6 28.5 47.7
Reduction December 2003 (1) 4 - - 18 6 3 1 23
(2) 17.0 - - 55.7 19.5 16.2 6.4 79.1
TOTAL December 2003 (1) 50 6 2 130 63 30 78 266
(2) 206.0 155.0 96.1 546.5 171.1 169.3 148.9 1152.6
Addition January 2004 (1) 4 - 1 9 2 2 - 14
(2) 12.9 - 3.5 26.8 1.0 14.4 - 43.2
Reduction January 2004 (1) 2 - - 6 3 2 3 11
(2) 2.9 - - 25.8 16.7 8.6 7.6 36.3
TOTAL January 2004 (1) 52 6 3 133 62 30 75 269
(2) 216.1 155.0 99.6 547.4 155.3 175.1 141.3 1159.5
Addition February 2004 (1) 1 - - 12 1 4 8 21
(2) 3.1 - - 9.9 0.4 4.4 14.7 27.7
Reduction February 2004 (1) 1 1 1 3 2 - 4 10
(2) 2.1 64.6 67.1 3.6 2.6 - 3.4 140.9
TOTAL February 2004 (1) 52 5 2 142 61 34 79 280
(2) 217.1 90.4 32.4 553.7 153.1 179.5 152.6 1046.3
Addition March 2004 (1) - - - 4 2 1 1 5
(2) - - - 6.7 2.5 3.8 0.9 7.6
Reduction March 2004 (1) - - - 5 2 1 4 9
(2) - - - 4.0 2.2 0.8 16.9 20.9
TOTAL March 2004 (1) 52 5 2 141 61 34 76 276
(2) 217.1 90.4 32.4 556.4 153.3 182.4 136.6 1033.0
Addition April 2004 (1) - - - 2 - 2 - 2
(2) - - - 19.2 - 19.2 - 19.2
Reduction April 2004 (1) - - - 6 2 1 7 13
(2) - - - 11.7 3.8 3.8 18.9 30.6
TOTAL April 2004 (1) 52 5 2 137 59 35 69 265
(2) 217.1 90.4 32.4 563.9 149.5 197.8 117.7 1021.6
Addition May 2004 (1) - 1 - 2 1 - - 3
(2) - 37.1 - 2.5 1.1 - - 39.5
Reduction May 2004 (1) 1 - - 2 - - 2 5
(2) 1 - - 3.0 - - 2.9 6.9
TOTAL May 2004 (1) 51 6 2 137 60 35 67 263
(2) 216.2 127.5 32.4 563.4 150.6 197.8 114.8 1054.3
Addition (a) dwt-% share - 41.0 - 0.4 0.7 - - 3.9
Reduction (a) dwt-% share
Total Tonnage Laid-up
0.4 - - 0.5 - - 2.5 0.7
dwt-% change over
previous month
-0.4 41.0 - -0.1 0.7 - -2.5 3.2
(a) Tonnage reduction & addition in dwt-% shares compared with previous total.
Note: Figures as of mid of month. Reduction and addition figures include laid-up tonnage as reported for the relevant month. The date of entering or leaving
lay-up may be different from the reporting period.
(Source: ISL merchant fleet data bases, based on monthly LR/Fairplay updates)
SSMR June 2004 31

I - 1.2 Broken-up tonnage ISL
1.2.1 By month 2003 and 2004
Tankers Dry cargo vessels Grand Total
Ships of 300 gt and over
dwt-% change
Year/ 1000 1000 1000 1000 1000 1000 over prev.
Mid month No gt dwt No gt dwt No gt dwt
month
2003
February 23 705.2 1326.3 60 690.8 1003.6 83 1395.9 2329.9 -40.8
March 20 341.8 557.5 24 441.9 561.7 44 783.7 1119.2 -52.0
April 18 306.3 546.0 125 883.3 1160.7 143 1189.6 1706.6 52.5
May 44 1280.8 2435.6 125 1434.6 1988.5 169 2715.5 4424.2 159.2
June 39 720.8 1365.7 74 465.6 661.9 113 1186.3 2027.6 -54.2
July 38 1356.9 2526.7 58 703.5 917.1 96 2060.4 3443.8 69.9
August 28 1035.0 1919.8 89 1382.3 1914.5 117 2417.3 3834.3 11.3
September 17 1292.0 2585.7 38 279.8 414.9 55 1571.8 3000.6 -21.7
October 23 929.0 1740.0 34 317.3 397.2 57 1246.3 2137.2 -28.8
November 22 732.0 1388.7 60 560.7 793.7 82 1292.8 2182.4 2.1
December
2004
28 987.2 1745.7 57 640.6 790.3 85 1627.7 2536.0 16.2
January 32 704.9 1232.0 90 638.2 908.9 122 1343.1 2140.9 -15.6
February 22 783.0 1425.3 49 381.6 503.2 71 1164.7 1928.5 -9.9
March 25 794.8 1533.6 50 368.3 408.2 75 1163.1 1941.8 0.7
April 23 585.0 993.7 35 264.8 255.7 58 849.8 1249.4 -35.7
Average 2004
Avearge last
26 716.9 1296.2
56 413.2 519.0
82 1130.2 1815.2
12 month 28 933.4 1741.1
63 619.8 829.5
92 1553.2 2570.6
1.2.2 By year of build and ship type during April 2004
Ships of 300 gt and over
Tankers Bulk Container General Passenger
Year (1) No carriers ships cargo of which ships dwt-%
of (2) 1000 ships Single-deck Multi-deck share
build dwt ships ships TOTAL of total
up to 1962 (1) - - - 3 2 1 3 6
(2) - - - 2.2 1.7 0.5 8.1 10.3 0.8
1963 - 1967 (1) 2 - - 3 - 1 3 8
(2) 1.6 - - 7.5 - 1.2 4.5 13.6 1.1
1968 - 1972 (1) 2 - 2 3 2 1 - 7
(2) 4.0 - 49.9 5.1 4.1 1.0 - 59.0 4.7
1973 - 1977 (1) 12 3 - 7 1 4 - 22
(2) 533.0 86.6 - 44.1 10.0 32.4 - 663.7 53.1
1978 - 1982 (1) 6 - - 4 - 2 1 11
(2) 324.4 - - 24.2 - 20.5 2.3 350.9 28.1
1983 - 1987 (1) 1 - - 3 - 1 - 4
(2) 130.7 - - 21.2 - 0.8 - 151.9 12.2
1988 - 1992 (1) - - - - - - - -
(2) - - - - - - - - -
1993 - 1997 (1) - - - - - - - -
(2) - - - - - - - - -
1998 - 2003 (1) - - - - - - - -
(2) - - - - - - - - -
TOTAL No 23 3 2 23 5 10 7 58
1000 dwt 993.7 86.6 49.9 104.3 15.8 56.4 14.9 1249.4 100.0
Average age (Years) 28.6 28.8 - 32.4 39.6 32.2 42.4 32.0
32 SSMR June 2004

I - 1.2 Broken-up tonnage ISL
1.2.3 By major flags and ship type April 2004
Ships of 300 gt and over
Tankers Bulk Container General Passenger dwt-% Av.
Flag (1) No carriers ships cargo of which ships share age
(2) 1000 ships Single-deck Multi-deck of (years)
dwt - rank dwt ships ships TOTAL total
1 Panama (1) 4 1 - 3 - 1 - 8 25.8
(2) 172.7 34.5 - 20.4 - 5.3 - 227.5 18.2
2 Liberia (1) 3 - - - - - - 3 24.3
(2) 226.4 - - - - - - 226.4 18.1
3 Malta (1) 2 - - 2 - - 1 5 28.6
(2) 119.6 - - 9.0 - - 0.3 129.0 10.3
4 US (1) 1 - - - - - - 1 30.1
(2) 122.8 - - - - - - 122.8 9.8
5 Cyprus (1) 1 - - - - - 2 3 45.7
(2) 90.8 - - - - - 7.8 98.7 7.9
6 India (1) 1 - - - - - - 1 30.4
(2) 89.5 - - - - - - 89.5 7.2
7 China, PR of (1) - - 2 1 - 1 - 3 31.1
(2) - - 49.9 15.2 - 15.2 - 65.2 5.2
8 Comoro Islands (1) 3 - - - - - - 3 29.9
(2) 60.0 - - - - - - 60.0 4.8
9 Norway (1) 1 - - - - - - 1 29.2
(2) 32.4 - - - - - - 32.4 2.6
10 Indonesia (1) - 1 - 2 - 2 1 4 30.5
(2) - 27.3 - 1.8 - 1.8 1.4 30.4 2.4
11 Turkey (1) 1 - - - - - - 1 28.0
(2) 30.0 - - - - - - 30.0 2.4
12 Iran (1) 1 - - - - - - 1 31.3
(2) 25.6 - - - - - - 25.6 2.1
13 Romania (1) - 1 - - - - - 1 29.7
(2) - 24.9 - - - - - 24.9 2.0
14 Singapore (1) - - - 1 - 1 - 1 28.2
(2) - - - 24.6 - 24.6 - 24.6 2.0
15 Cambodia (1) 1 - - 2 2 - - 3 31.0
(2) 16.3 - - 4.1 4.1 - - 20.4 1.6
Others/ unk. (1) 4 - - 12 3 5 3 19 36.3
(2) 7.7 - - 29.2 11.7 9.5 5.4 42.3 3.4
TOTAL No (1) 23 3 2 23 5 10 7 58 32.0
1000 dwt (2) 993.7 86.6 49.9 104.3 15.8 56.4 14.9 1249.4 100.0
Note: Norway including NIS.
1.2.4 By country groups of registration and ship type April 2004
Ships of 300 gt and over
Tankers Bulk Container General Passenger dwt-% Av.
Country (1) No carriers ships cargo of which ships share age
groups (2) 1000 ships Single-deck Multi-deck of (years)
of registration dwt ships ships TOTAL total
OECD (1) 4 - - 1 1 - - 5 32.5
(2) 188.2 - - 0.8 0.8 - - 189.0 15.1
of which EU (1) 1 - - 1 1 - - 2 37.7
(2) 3.1 - - 0.8 0.8 - - 3.9 0.3
Open registry flags (1) 10 1 - 6 - 2 4 21 29.0
(2) 609.5 34.5 - 31.6 - 7.5 10.4 686.0 54.9
Others (1) 9 2 2 16 4 8 3 32 33.8
(2) 196.0 52.1 49.9 72 14.9 48.9 4.5 374.4 30.0
TOTAL No (1) 23 3 2 23 5 10 7 58 32.0
1000 dwt (2) 993.7 86.6 49.9 104.3 15.8 56.4 14.9 1249.4 100.0
Dwt-% share of total 79.5 6.9 4.0 8.3 1.3 4.5 1.2 100.0
Note: For definition of country groups compare "Definitions".
(Source: ISL merchant fleet data bases, based on monthly updates from LR/Fairpaly)
SSMR June 2004 33

I - 1.3 Special fleets - general cargo ships ISL
1.3.1 Total general cargo fleet
1.3.1.1 Fleet development by ship type as of January 1st, 2000 - 2004
Ships of 300 gt and over
% share % share % share % share dwt-% change
Ship type No of of 1000 of 1000 of 1000 of over
Year ships total gt total dwt total TEU total previous year
SINGLE - DECK SHIPS
2000 8634 50.1 28105 31.5 40828 40.8 697 38.8 5.1
2001 8734 51.0 28868 32.0 41846 42.2 781 41.7 2.5
2002 8712 51.9 29154 33.0 42137 43.8 812 43.4 0.7
2003 8650 51.9 29579 32.9 42603 44.0 854 45.0 1.1
2004
Av. growth
8663 52.5 29841 33.4 42858 45.0 889 46.5 0.6
2000-2004
MULTI - DECK SHIPS
0.1 1.5 1.2 6.3
2000 5018 29.0 25630 28.4 35307 34.9 713 37.9 -5.2
2001 4794 28.0 23985 26.5 32967 33.1 697 36.6 -6.6
2002 4512 27.0 21817 24.5 29852 30.9 659 34.5 -9.4
2003 4411 26.4 21361 23.7 29112 30.0 638 33.0 -2.5
2004
Av. growth
4232 25.7 20101 22.5 27326 28.7 615 32.2 -6.1
2000-2004
REEFER SHIPS
-4.2 -5.9 -6.2 -3.6
2000 1321 7.7 6960 7.9 7386 7.5 53 2.8 -1.2
2001 1305 7.8 6857 7.8 7300 7.6 55 2.9 -1.2
2002 1290 7.8 6780 7.7 7220 7.5 55 2.9 -1.1
2003 1225 7.4 6626 7.5 7073 7.4 56 2.9 -2.0
2004
Av. growth
1173 7.1 6283 7.0 6758 7.1 57 3.0 -4.5
2000-2004 -2.9 -2.5 -2.2 2.0
SPECIAL SHIPS
2000 1121 6.6 18702 21.2 9388 9.5 45 2.4 4.2
2001 1140 6.8 20101 22.8 9750 10.1 43 2.3 3.9
2002 1128 6.8 20091 22.8 9554 10.0 43 2.3 -2.0
2003 1200 7.3 20416 23.1 9829 10.4 43 2.2 2.9
2004
Av. growth
1239 7.5 20926 23.4 10075 10.6 38 2.0 2.5
2000-2004 2.5 2.8 1.8 -4.0
RO-RO CARGO SHIPS
2000 1134 6.6 9947 11.1 7152 7.2 289 15.5 3.8
2001 1142 6.8 10394 11.8 7311 7.6 297 15.9 2.2
2002 1128 6.8 10628 12.0 7365 7.7 301 15.9 0.7
2003 1182 7.2 11799 13.3 8137 8.6 308 16.2 10.5
2004
Av. growth
1180 7.2 12246 13.7 8171 8.6 311 16.3 0.4
2000-2004
TOTAL GENERAL
CARGO FLEET
1.0 5.3 3.4 1.9
2000 17228 100.0 89345 100.0 100061 100.0 1796 100.0 1.8
2001 17115 100.0 90205 100.0 99174 100.0 1874 100.0 -0.9
2002 16770 100.0 88470 100.0 96128 100.0 1870 100.0 -3.1
2003 16668 100.0 89781 100.0 96754 100.0 1899 100.0 0.7
2004
Av. growth
16487 100.0 89398 100.0 95187 100.0 1910 100.0 -1.6
2000-2004 -1.1 0.0 -1.2 1.6
34 SSMR June 2004

I - 1.3 Special fleets - general cargo ships ISL
1.3.1.2 Total general cargo fleet by ship type and registered flags
according to regions as of January 1st, 2000 - 2004
Ships of 1000 gt and over
Ship Type Europe North America Latin and South America Asia and Oceania
Africa
TOTAL
Year
No
1000
dwt No
1000
dwt No
1000
dwt No
1000
dwt No
1000
dwt No
SINGLE-DECK SHIPS
2000 2260 12372 8 43 1499 11962 1752 11074 108 2256 5627 37706
2001 2325 12919 9 48 1487 11981 1808 11694 125 2106 5754 38749
2002 2243 12555 10 51 1457 11955 1970 12469 124 2095 5804 39125
2003 2202 12373 13 89 1450 11836 2088 13440 114 1989 5867 39726
2004 2148 11724 16 118 1475 11948 2126 14408 122 1793 5887 39993
Av. growth
2000-2004 -1.3 -1.3 18.9 28.9 -0.4 0.0 5.0 6.8 3.1 -5.6 1.1 1.5
MULTI-DECK SHIPS
2000 953 6149 33 416 1302 9510 1636 15985 199 2217 4123 34278
2001 870 5517 20 259 1244 8629 1603 15516 191 2064 3928 31985
2002 752 4582 19 252 1151 7667 1597 14531 179 1893 3698 28924
2003 678 3998 115 1477 1097 7078 1602 13999 167 1704 3659 28256
2004 636 3749 112 1437 1056 6677 1569 13246 142 1411 3515 26520
Av. growth
2000-2004 -9.6 -11.6 35.7 36.3 -5.1 -8.5 -1.0 -4.6 -8.1 -10.7 -3.9 -6.2
SPECIAL SHIPS
2000 258 1972 21 548 302 3737 244 2045 59 913 884 9215
2001 240 1818 21 534 330 4219 244 2046 62 958 897 9575
2002 221 1784 17 397 349 4331 234 1944 59 922 880 9377
2003 224 1851 24 533 357 4517 245 1902 51 821 901 9625
2004 243 2201 25 549 363 4441 250 2031 45 645 926 9867
Av. growth
2000-2004 -1.5 2.8 4.5 0.1 4.7 4.4 0.6 -0.2 -6.5 -8.3 1.2 1.7
REEFER SHIPS
2000 238 1300 2 3 596 4021 219 1104 98 838 1153 7266
2001 233 1324 2 3 604 4068 199 954 97 830 1135 7180
2002 228 1337 2 3 586 3987 217 1000 91 776 1124 7103
2003 230 1385 2 3 580 3968 208 936 82 688 1102 6980
2004 220 1381 2 3 559 3809 185 787 86 685 1052 6665
Av. growth
2000-2004 -1.9 1.5 0.0 0.0 -1.6 -1.3 -4.1 -8.1 -3.2 -4.9 -2.3 -2.1
RO-RO CARGO SHIPS
2000 406 3633 13 172 214 1572 194 1321 55 282 882 6980
2001 398 3722 14 178 222 1624 196 1285 58 328 888 7138
2002 392 3787 14 178 218 1618 202 1302 53 312 879 7197
2003 395 3857 44 865 227 1702 210 1255 48 282 924 7960
2004 374 3806 47 912 240 1727 209 1282 42 260 912 7986
Av. growth
2000-2004 -2.0 1.2 37.9 51.8 2.9 2.4 1.9 -0.7 -6.5 -2.0 0.8 3.4
TOTAL GENERAL
CARGO SHIPS
2000 4115 25426 77 1181 3913 30802 4045 31529 519 6505 12669 95444
2001 4066 25301 66 1021 3887 30522 4050 31495 533 6286 12602 94625
2002 3836 24045 62 881 3761 29557 4220 31245 506 5999 12385 91727
2003 3729 23463 198 2968 3711 29100 4353 31532 462 5484 12453 92547
2004 3621 22861 202 3019 3693 28603 4339 31753 437 4794 12292 91030
Av. growth
2000-2004 -3.1 -2.6 27.3 26.4 -1.4 -1.8 1.8 0.2 -4.2 -7.3 -0.8 -1.2
1000
dwt
Continued
SSMR June 2004 35

I - 1.3 Special fleets - general cargo ships ISL
1.3.1.3 Total general cargo fleet by ship type and countries of domicile
according to regions as of January 1st, 2000 - 2004
Ships of 1000 gt and over
Ship Type Europe North America Latin and South Asia and Oceania Africa
Unknown
TOTAL
Year
America
No 1000 No 1000 No 1000 No 1000 No 1000 No 1000 No 1000
dwt
dwt
dwt
dwt
dwt
dwt
dwt
SINGLE-DECK SHIPS
2000 2765 19058 42 578 61 582 1729 13143 32 233 998 4113 5627 37706
2001 2862 19685 43 549 55 503 1707 13040 31 233 1056 4738 5754 38749
2002 2878 19823 39 402 57 679 1734 13194 32 244 1064 4783 5804 39125
2003 2849 20145 52 491 56 656 1682 12588 33 252 1195 5594 5867 39726
2004
Av. growth
2802 19918 49 456 63 635 1710 13360 30 206 1233 5417 5887 39993
2000-2004 0.3 1.1 3.9 -5.8 0.8 2.2 -0.3 0.4 -1.6 -3.0 5.4 7.1 1.1 1.5
MULTI-DECK SHIPS
2000 1725 14176 61 560 86 763 1408 13270 117 1110 726 4398 4123 34278
2001 1594 12450 53 501 83 670 1357 12708 111 983 730 4673 3928 31985
2002 1437 10890 47 416 74 624 1277 11604 98 826 765 4566 3698 28924
2003 1296 9720 138 1597 65 500 1231 11068 85 706 844 4665 3659 28256
2004
Av. growth
1191 8676 133 1535 71 503 1238 10940 78 654 804 4212 3515 26520
2000-2004 -8.8 -11.6 21.5 28.7 -4.7 -9.9 -3.2 -4.7 -9.6 -12.4 2.6 -1.1 -3.9 -6.2
SPECIAL SHIPS
2000 350 3704 30 795 15 164 421 4326 2 3 66 223 884 9215
2001 347 3785 33 809 9 87 439 4562 3 5 66 326 897 9575
2002 326 3655 26 628 10 89 442 4531 3 5 73 468 880 9377
2003 329 3628 34 697 10 89 434 4580 4 7 90 624 901 9625
2004 350 3858 34 730 9 78 442 4739 5 13 86 449 926 9867
Av. growth
2000-2004 0.0 1.0 3.2 -2.1 -12.0 -17.0 1.2 2.3 25.7 48.3 6.8 19.1 1.2 1.7
REEFER SHIPS
2000 598 4250 29 273 16 88 342 1946 19 78 149 631 1153 7266
2001 565 4048 26 254 16 88 340 1951 15 52 173 787 1135 7180
2002 600 4337 25 228 15 74 312 1735 13 46 159 684 1124 7103
2003 593 4298 24 210 12 54 296 1626 10 33 167 758 1102 6980
2004 585 4341 22 193 11 50 287 1511 7 21 140 550 1052 6665
Av. growth
2000-2004 -0.5 0.5 -6.7 -8.3 -8.9 -13.2 -4.3 -6.1 -22.1 -28.3 -1.5 -3.4 -2.3 -2.1
RO-RO CARGO SHIPS
2000 492 4511 44 397 15 166 180 1267 36 119 115 520 882 6980
2001 490 4691 41 332 19 177 183 1306 36 118 119 514 888 7138
2002 477 4767 45 334 15 161 188 1339 33 117 121 478 879 7197
2003 472 4728 80 1065 14 162 200 1384 30 95 128 526 924 7960
2004
Av. growth
442 4517 78 1085 11 164 210 1486 25 83 146 651 912 7986
2000-2004 -2.6 0.0 15.4 28.5 -7.5 -0.2 3.9 4.1 -8.7 -8.6 6.1 5.8 0.8 3.4
TOTAL GENERAL
CARGO SHIPS
2000 5930 45698 206 2603 193 1763 4080 33953 206 1542 2054 9885 12669 95444
2001 5858 44658 196 2444 182 1525 4026 33568 196 1391 2144 11038 12602 94625
2002 5718 43471 182 2008 171 1627 3953 32404 179 1239 2182 10979 12385 91727
2003 5539 42519 328 4060 157 1461 3843 31245 162 1093 2424 12168 12453 92547
2004 5370 41310 316 3999 165 1430 3887 32036 145 976 2409 11279 12292 91030
Av. growth
2000-2004 -2.4 -2.5 11.3 11.3 -3.8 -5.1 -1.2 -1.4 -8.4 -10.8 4.1 3.4 -0.8 -1.2
36 SSMR June 2004

I - 1.3 Special fleets - general cargo ships ISL
1.3.1.4 Total general cargo fleet by ship type and top ten countries of domicile
as of January 1st, 2004
Ships of 1000 gt and over
Ship type No of 1000 1000 1000
dwt-%
share of
Ship type No of 1000 1000 1000
dwt-%
share of
Country ships gt dwt TEU total Country ships gt dwt TEU total
SINGLE-DECK SHIPS MULTI-DECK SHIPS
Norway 200 3579 5180 166 13.0 China, PR of 465 3187 4403 51 16.6
Germany, FR of 632 3161 4370 241 10.9 Greece 200 1879 2590 67 9.8
Russia 938 2840 3386 34 8.5 Germany, FR of 344 1281 1633 79 6.2
China, PR of 395 2024 2903 35 7.3 US 128 1160 1465 16 5.5
Japan 224 1733 2572 8 6.4 Netherlands 93 444 654 32 2.5
Greece 153 1273 1900 41 4.8 Norway 95 460 634 18 2.4
Netherlands 265 980 1357 65 3.4 Russia 81 502 627 19 2.4
Turkey 182 727 1081 20 2.7 Hong Kong 45 425 612 12 2.3
Hong Kong 51 645 982 16 2.5 Indonesia 133 452 588 15 2.2
Korea, Rep. of 155 514 747 3 1.9 Japan 67 403 549 6 2.1
Others 2692 10817 15514 257 38.8 Others 1864 9450 12765 297 48.1
TOTAL 2004 5887 28293 39993 887 100.0 TOTAL 2004 3515 19644 26520 612 100.0
TOTAL 2003 5867 28029 39726 852 TOTAL 2003 3659 20882 28256 635
Change over Change over
previous year 0.3 0.9 0.7 4.1 previous year -3.9 -5.9 -6.1 -3.6
SPECIAL SHIPS REEFER SHIPS
Japan 314 9352 3451 8 35.0 Greece 146 995 1056 5 15.8
Norway 82 2534 1121 1 11.4 Japan 139 837 916 5 13.7
US 33 1045 725 5 7.4 Netherlands 77 535 574 6 8.6
Greece 55 1193 629 0 6.4 UK 52 471 511 5 7.7
Sweden 35 1475 629 - 6.4 Norway 64 445 494 7 7.4
Netherlands 46 628 534 12 5.4 Denmark 27 293 324 8 4.9
Korea, Rep. of 34 1084 437 0 4.4 Germany, FR of 29 228 242 4 3.6
Russia 50 372 298 1 3.0 US 22 189 193 2 2.9
China, PR of 20 153 200 1 2.0 Latvia 23 198 186 2 2.8
Denmark 25 441 153 0 1.6 Russia 50 204 185 1 2.8
Others 232 2460 1689 9 17.1 Others 423 1809 1985 12 29.8
TOTAL 2004 926 20737 9867 37 100.0 TOTAL 2004 1052 6203 6665 57 100.0
TOTAL 2003 901 20238 9625 42 TOTAL 2003 1102 6545 6980 56
Change over Change over
previous year 2.8 2.5 2.5 -11.3 previous year -4.5 -5.2 -4.5 1.6
RO-RO CARGO SHIPS TOTAL GENERAL CARGO SHIPS
Italy 64 2032 1182 55 14.8 Norway 497 8245 8272 219 9.1
US 69 1288 1002 47 12.6 Japan 833 13413 8146 29 8.9
Norway 56 1227 843 27 10.6 China, PR of 935 5565 7717 89 8.5
Japan 89 1088 657 2 8.2 Germany, FR of 1069 5346 6753 352 7.4
Germany, FR of 52 539 412 24 5.2 Greece 585 5785 6394 118 7.0
Sweden 30 419 273 9 3.4 Russia 1131 4007 4562 59 5.0
UK 25 386 227 9 2.8 US 281 3947 3739 83 4.1
Finland 29 349 223 9 2.8 Netherlands 495 2752 3216 117 3.5
Greece 31 444 219 5 2.7 Italy 133 2672 2017 77 2.2
France 16 249 193 9 2.4 Hong Kong 112 1242 1723 29 1.9
Others 451 4075 2755 112 34.5 Others 6221 34000 38491 729 42.3
TOTAL 2004 912 12097 7986 309 100.0 TOTAL 2004 12292 86974 91030 1902 100.0
TOTAL 2003 924 11657 7960 307 TOTAL 2003 12453 87352 92547 1892
Change over Change over
previous year
Note: Others incl. unknown
-1.3 3.8 0.3 0.8 previous year -1.3 -0.4 -1.6 0.6
Continued
SSMR June 2004 37

180
150
120
I - 1.3 Special fleets - general cargo ships ISL
Fig. I- 1: Fleet development as of January 1st, 1988 - 2004 (Index 1988 = 100) (a)
90
60
Deadweight tonnage
30
50
88 90 92 94 96 98 00 02 04 88 90 92 94 96 98 00 02 04
Single-deck ships Multi-deck ships Others Total
No of ships
Fig. I- 2: General cargo fleet - annual tonnage changes as of January 1st, 1996 - 2004
%
3.5 3.5 3.4
5.9 5.1
2.5
0.7 1.1 0.6
Number of ships
Fig. I- 3: General cargo fleet - age structure by year of build as of January 1st, 2004 (a)
1000
-12.0
750
500
250
12.0
-4.0
-8.0
0
8.0
4.0
0.0
175
150
125
100
75
1.0
-2.1
-2.2
-5.2
175
150
125
100
-2.5 75
-3.0
50
-6.191
94 97
-6.7 -6.6
-7.2
-9.4
96 97 98 99 00 01 02 03 04 96 97 98 99 00 01 02 03 04 96 97 98 99 00 01 02 03 04
Single-deck ships Multi-deck ships
Other general cargo ships
1966 1968 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002
No of ships dwt
(a) Only General cargo ships built after 1966 are included. General Cargo ships built before 1966 comprise 1475 ships with a tonnage of 3.64 mill dwt
Note: Fig. I-1 - I-3: ships of 300 gt and over
38 SSMR June 2004
1.1
7.6
2.4
1.8
-0.9
3.7
0
-0.1
8000
6000
4000
2000
ISL 2004
1000 dwt

I - 1.3 Special fleets - general cargo ships ISL
1.3.1.5 Total general cargo fleet by registered flags according to country groups and division of age
as of January 1st, 2004
Ships of 1000 gt and over
Av.
Country group (1) No age
(2) 1000 dwt up to 1978 1979-1983 1984-1988 1989-1993 1994-1998 1999-2003 TOTAL (years)
OECD (1) 625 386 393 371 382 436 2593 17.4
of which
(2) 4670 3139 3560 2085 2780 3773 20007
EU (1) 245 193 198 245 278 335 1494 14.2
(2) 1137 1489 1659 1383 1832 2731 10230
Open Registry (1) 951 877 732 570 640 417 4187 17.8
(2) 7028 8409 7133 4162 6777 4821 38331
Developing Countries (1) 1955 717 425 237 155 82 3571 25.8
(2) 10940 4746 2744 1319 1138 797 21684
Others (1) 836 359 333 196 150 67 1941 23.1
(2) 3823 2092 1746 1089 1407 852 11009
TOTAL (1) 4367 2339 1883 1374 1327 1002 12292 20.9
(2) 26462 18386 15183 8655 12102 10243 91030
dwt-% share of total 29.1 20.2 16.7 9.5 13.3 11.3 100.0
1.3.1.6 Total general cargo fleet by countries of domicile according to country groups and division of age
as of January 1st, 2004
Ships of 1000 gt and over
Country group (1) No
Av.
age
(2) 1000 dwt up to 1978 1979-1983 1984-1988 1989-1993 1994-1998 1999-2003 TOTAL (years)
OECD (1) 1027 944 965 796 933 779 5444 16.5
of which
(2) 8266 9340 9738 5280 8893 8177 49694
EU (1) 517 548 512 499 531 528 3135 15.5
(2) 3176 5314 4346 3235 3861 4603 24534
Open Registry (1) 29 9 18 14 9 3 82 19.9
(2) 506 116 115 105 175 36 1054
Developing Countries (1) 1144 519 281 186 132 66 2328 24.5
(2) 8278 4129 2293 1176 1082 806 17764
Others (1) 805 429 360 241 134 60 2029 22.7
(2) 3685 2493 1837 1398 1197 629 11240
Unknown (1) 1362 438 259 137 119 94 2409 25.7
(2) 5726 2310 1198 696 755 594 11279
TOTAL (1) 4367 2339 1883 1374 1327 1002 12292 20.9
(2) 26462 18386 15183 8655 12102 10243 91030
dwt-% share of total 29.1 20.2 16.7 9.5 13.3 11.3 100.0
Continued
SSMR June 2004 39

I - 1.3 Special fleets - general cargo ships ISL
1.3.2 General cargo single-deck fleet
1.3.2.1 By major flags as of January 1st, 2003 and 2004
Flag January 1st, 2003 January 1st, 2004
Ships of 300 gt and over
dwt-%
change
dwt-rank 1000 1000 1000 dwt-% 1000 1000 1000 dwt-% over
'04 ('03) No gt dwt TEU share No gt dwt TEU share prev.year
1 (1) Panama 655 3151 4595 39 10.8 628 3011 4404 38 10.3 -4.1
2 (2) Bahamas 189 2819 4036 134 9.5 173 2706 3873 129 9.0 -4.1
3 (3) Russia 955 2675 3155 26 7.4 931 2587 3054 27 7.1 -3.2
4 (5) China, PR of 434 1450 2108 15 4.9 441 1482 2156 15 5.0 2.2
5 (7) Netherlands (Total) 398 1352 1901 89 4.5 402 1366 1909 89 4.5 0.4
- Netherlands Antilles 45 130 187 8 9.8 56 168 242 11 8.2 29.4
6 (4) Malta 252 1571 2187 53 5.1 232 1333 1838 44 4.3 -16.0
7 (6) Norway (Total) 114 1332 1980 66 4.6 104 1117 1686 54 3.9 -14.9
- Norway (NIS) 73 1306 1948 66 4.6 64 1093 1656 54 3.9 -15.0
- Norway (NOR) 41 26 32 0 0.1 40 24 30 0 0.1 -6.5
8 (10) Antigua & Barbuda 314 1038 1406 80 3.3 339 1161 1575 92 3.7 12.0
9 (8) Liberia 64 1084 1645 53 3.9 54 925 1409 46 3.3 -14.3
10 (9) Cyprus 194 1054 1456 45 3.4 174 956 1318 44 3.1 -9.5
11 (14) Singapore 64 757 1087 33 2.6 65 934 1304 42 3.0 20.0
12 (13) Saint Vincent 233 828 1207 14 2.8 228 855 1238 19 2.9 2.6
13 (12) Indonesia 422 785 1219 2 2.9 419 745 1152 2 2.7 -5.5
14 (11) Cambodia 376 918 1268 4 3.0 333 826 1141 5 2.7 -10.0
15 (17) Hong Kong (SAR) 45 551 844 13 2.0 55 722 1094 18 2.6 29.7
16 (15) Japan 702 434 1071 1 2.5 676 418 1038 1 2.4 -3.1
17 (16) Turkey 324 677 1063 11 2.5 319 643 1013 11 2.4 -4.8
18 (23) Marshall Islands 19 335 498 19 1.2 31 591 835 39 1.9 67.9
19 (20) Thailand 93 378 607 4 1.4 101 509 792 11 1.8 30.4
20 (19) Korea, Rep. of 204 452 732 4 1.7 207 477 725 3 1.7 -0.9
Others 2599 5940 8538 148 20.0 2751 6478 9305 161 21.7 9.0
TOTAL 8650 29579 42603 854 100.0 8663 29841 42858 889 100.0 0.6
1.3.2.2 By size class and division of age as of January 1st, 2004
Dwt-size class
(1) No
(2) 1000 dwt up to
1978
Ships of 300 gt and over
Division of age (year of build)
1979 1984 1989 1994
- 1983 - 1988 - 1993 - 1998
1999
- 2003
Total
dwt-%
share of
total
average
age (years)
< = 2499 (1)
1749 536 542 522 497 121 3967 24.8
(2)
2020 673 711 739 724 188 5055 11.8
2500 - 4999 (1)
827 317 226 366 359 234 2329 19.7
(2)
2820 1085 793 1304 1390 885 8276 19.3
5000 - 7499 (1)
416 176 140 148 185 122 1187 19.5
(2)
2466 1081 855 913 1137 737 7190 16.8
7500 - 9999 (1)
115 43 25 24 118 105 430 14.5
(2)
969 365 218 201 1026 916 3696 8.6
10000 - 12499 (1)
63 17 10 5 23 41 159 17.3
(2)
689 194 117 52 251 453 1756 4.1
12500 - 14999 (1)
9 4 10 9
4 10 46 15.7
(2)
121 55 141 123 53 133 627 1.5
15000 - 19999 (1)
28 7 20 17 15 29 116 14.5
(2)
483 120 352 289 263 508 2017 4.7
20000 - 24999 (1)
12 34 20 5 26 27 124 14.4
(2)
275 780 462 113 598 576 2804 6.5
25000 - 29999 (1)
17 10 11 6 27 12 83 14.6
(2)
468 265 307 165 769 337 2312 5.4
30000 - 34999 (1)
5 6 12 - 6 17 46 12.2
(2)
160 192 380 - 195 524 1450 3.4
35000 - 39999 (1)
10 13 11 - 2 8 44 18.4
(2)
384 504 423 - 78 304 1693 3.9
40000 - 44999 (1)
9 8 25 3 19 4 68 15.8
(2)
394 342 1057 127 825 170 2914 6.8
> = 45000 (1)
4 1 7 5 33 14 64 8.9
(2)
185 49 320 235 1616 664 3069 7.2
TOTAL (1)
3264 1172 1059 1110 1314 744 8663 21.3
(2)
11435 5705 6137 4262 8925 6394 42858 100.0
40 SSMR June 2004

I - 1.3 Special fleets - general cargo ships ISL
1.3.3 General cargo multi-deck fleet
1.3.3.1 By major flags as of January 1st, 2003 and 2004
Flag January 1st, 2003 January 1st, 2004 (a)
Ships of 300 gt and over
dwt-%
change
dwt-rank 1000 1000 1000 dwt-% 1000 1000 1000 dwt-% over
'04 ('03) No gt dwt TEU share No gt dwt TEU share prev.year
1 (1) China, PR of 430 2675 3713 30 12.8 430 2689 3736 32 13.7 0.6
2 (2) Panama 384 2150 2952 55 10.1 390 2175 2979 56 10.9 0.9
3 (3) Cyprus 190 1727 2302 69 7.9 152 1388 1854 56 6.8 -19.5
4 (5) US 112 1146 1443 14 5.0 109 1116 1402 14 5.1 -2.8
5 (4) Saint Vincent 222 1151 1575 32 5.4 202 975 1342 29 4.9 -14.8
6 (6) Malta 106 829 1087 31 3.7 100 773 1018 31 3.7 -6.3
7 (7) Antigua & Barbuda 272 744 943 52 3.2 255 684 872 48 3.2 -7.5
8 (9) Indonesia 255 658 887 18 3.0 254 642 864 18 3.2 -2.6
9 (8) Bahamas 117 715 913 33 3.1 92 562 737 29 2.7 -19.3
10 (10) Liberia 45 628 850 30 2.9 40 521 708 25 2.6 -16.7
11 (15) Hong Kong (SAR) 33 406 580 13 2.0 40 476 661 15 2.4 14.0
12 (13) Thailand 49 438 645 9 2.2 49 449 653 12 2.4 1.3
13 (12) Netherlands (Total) 91 456 658 34 2.3 90 444 638 34 2.3 -3.0
- Netherlands Antilles 17 78 96 4 0.3 20 85 105 5 0.4 9.1
14 (11) Cambodia 143 529 726 11 2.5 123 406 554 10 2.0 -23.6
15 (14) Iran 36 436 604 16 2.1 32 389 539 16 2.0 -10.9
16 (18) Korea, DPR of 48 289 431 4 1.5 74 345 504 6 1.8 16.8
17 (17) Turkey 92 297 462 6 1.6 86 276 431 5 1.6 -6.8
18 (21) Viet Nam 51 234 349 3 1.2 51 233 350 3 1.3 0.3
19 (28) UK (Total) 40 196 251 11 0.9 51 273 345 16 1.3 37.5
-Isle of Man 30 172 221 10 0.8 32 192 248 12 0.9 12.3
-UK 10 24 30 1 0.1 19 80 97 4 0.4 223.0
20 (16) Singapore 35 331 467 14 1.6 26 244 341 11 1.2 -26.9
Others 1660 5326 7275 151 25.0 1586 5040 6796 151 24.9 -6.6
TOTAL 4411 21361 29112 638 100.0 4232 20101 27326 615 100.0 -6.1
(a) Please note, that the strong increase of the US flleet is due to a reactivation of parts of the reserve fleet in May 2003.
1.3.3.2 By size class and division of age as of January 1st, 2004
Ships of 300 gt and over
Dwt-size class
(1) No
(2) 1000 dwt up to
1978
Division of age (year of build)
1979 1984 1989 1994
- 1983 - 1988 - 1993 - 1998
1999
- 2003
Total
dwt-%
share of
total
average
age (years)
< = 2499 (1)
1020 193 211 78 25 2 1529 29.9
(2)
1368 306 344 118 40 3 2179 8.0
2500 - 4999 (1)
466 214 152 89 37 - 958 24.6
(2)
1626 772 533 315 145 - 3391 12.4
5000 - 7499 (1)
136 106 84 42 34 11 413 22.0
(2)
867 664 527 271 213 69 2611 9.6
7500 - 9999 (1)
110 73 64 31 20 23 321 21.1
(2)
919 613 558 274 167 200 2731 10.0
10000 - 12499 (1)
90 28 4 15 3 6 146 31.0
(2)
1006 323 44 177 34 68 1653 6.0
12500 - 14999 (1)
161 73 30 4 9 - 277 28.8
(2)
2222 1002 417 53 115 - 3809 13.9
15000 - 19999 (1)
158 158 76 17 3 2 414 23.3
(2)
2588 2669 1297 296 50 37 6938 25.4
20000 - 24999 (1)
48 47 26 15 13 5 154 20.5
(2)
1059 1056 559 335 299 115 3424 12.5
25000 - 29999 (1)
8 6 1 - - - 15 23.7
(2)
219 161 26 - - - 407 1.5
30000 - 34999 (1)
- 2 - - - - 2 24.5
(2)
- 63 - - - - 63 0.2
35000 - 39999 (1)
- - 1 - - - 1 19.9
(2)
- - 37 - - - 37 0.1
> = 40000 (1)
- - 2 - - - 2 19.7
(2)
- - 83 - - - 83 0.3
TOTAL (1)
2197 900 651 291 144 49 4232 26.2
(2)
11874 7630 4427 1839 1063 493 27325.74 100.0
Continued
SSMR June 2004 41

I 1.3 Special fleets - general cargo ships ISL
1.3.4 Fleet of special general cargo ships
1.3.4.1 By major flags as of January 1st, 2003 and 2004
Flag January 1st, 2003 January 1st, 2004
Ships of 300 gt and over
dwt-%
change
dwt-rank 1000 1000 1000 dwt-% 1000 1000 1000 dwt-% over
04 ('03) No gt dwt TEU share No gt dwt TEU share prev.year
1 (1) Panama 294 9257 3824 11 38.9 297 9239 3766 8 37.4 -1.5
2 (5) Norway (Total) 91 1244 487 1 5.0 103 1654 708 1 7.0 45.5
- Norway (NIS) 44 1156 435 0 4.4 53 1565 655 0 6.5 50.6
- Norway (NOR) 47 89 52 0 0.5 50 89 54 0 0.5 2.7
3 (2) Liberia 47 1682 816 6 8.3 40 1439 639 3 6.3 -21.7
4 (3) US 24 689 529 1 5.4 25 738 545 4 5.4 3.0
5 (4) Singapore 43 1200 506 2 5.2 44 1218 530 2 5.3 4.6
6 (6) Netherlands (Total) 35 397 451 10 4.6 34 427 489 10 4.9 8.6
- Netherlands Antilles 19 191 241 3 2.4 17 202 227 3 2.3 -5.5
7 (7) Japan 110 860 415 1 4.2 105 933 429 0 4.3 3.4
8 (9) Sweden 23 961 374 1 3.8 24 1018 397 1 3.9 6.2
9 (10) Russia 135 419 325 1 3.3 148 472 371 1 3.7 13.8
10 (8) Bahamas 32 931 397 1 4.0 24 744 315 0 3.1 -20.6
11 (11) Philippines 27 394 176 0 1.8 29 429 198 0 2.0 12.8
12 (12) Saint Vincent 16 124 154 1 1.6 23 159 188 1 1.9 21.9
13 (19) Marshall Islands 5 186 75 - 0.8 8 268 180 - 1.8 139.9
14 (13) Kuwait 5 132 135 - 1.4 4 122 125 - 1.2 -7.6
15 (14) Malta 20 294 126 0 1.3 17 283 116 0 1.2 -7.9
16 (16) Cyprus 15 171 109 - 1.1 15 171 109 - 1.1 -
17 (18) China, PR of 30 82 87 0 0.9 31 92 95 - 0.9 8.6
18 (17) Vanuatu 6 262 91 1 0.9 6 262 91 1 0.9 -
19 (15) Korea, Rep. of 18 273 124 0 1.3 12 175 87 - 0.9 -29.6
20 (21) Belize 10 46 49 1 0.5 19 80 79 1 0.8 62.5
Others 214 810 578 4 5.9 231 1003 617 5 6.1 6.8
TOTAL 1200 20416 9829 43 100.0 1239 20926 10075 38 100.0 2.5
1.3.4.2 By size class and division of age as of January 1st, 2004
Dwt-size class
(1) No
(2) 1000 dwt up to
1978
Ships of 300 gt and over
Division of age (year of build)
1979 1984 1989 1994
- 1983 - 1988 - 1993 - 1998
1999
- 2003
Total
dwt-%
share of
total
average
age (years)
< = 2499 (1)
220 65 54 52 34 43 468 23.6
(2)
217 73 45 47 30 29 441 4.4
2500 - 4999 (1)
43 32 29 27 22 17 170 18.6
(2)
137 114 107 92 82 58 589 5.8
5000 - 7499 (1)
13 17 5 8 10 12 65 16.6
(2)
73 104 33 43 65 77 395 3.9
7500 - 9999 (1)
20 18 27 14
6 3 88 18.8
(2)
177 170 249 127 51 26 800 7.9
10000 - 12499 (1)
24 37 18 4
5 9 97 20.9
(2)
271 415 206 46 60 97 1095 10.9
12500 - 14999 (1)
17 31 42 5 21 11 127 17.0
(2)
237 417 574 70 292 150 1740 17.3
15000 - 19999 (1)
7 26 40 9 16 30 128 13.9
(2)
126 444 660 151 262 514 2156 21.4
20000 - 24999 (1)
1 3 10 - 15 20 49 9.0
(2)
23 66 222 - 326 430 1067 10.6
25000 - 29999 (1)
3 4 6 2
- - 15 20.8
(2)
80 113 165 58
- - 416 4.1
30000 - 34999 (1)
4 4 3 - - - 11 24.5
(2)
128 124 100 - - - 352 3.5
35000 - 39999 (1)
5 - - -
- - 5 34.5
(2)
195 - - -
- - 195 1.9
40000 - 44999 (1)
3 1 3 1
- - 8 23.4
(2)
128 41 132 41
- - 341 3.4
> = 45000 (1)
5 - 1 -
- 2 8 22.9
(2)
324 - 48 -
- 114 486 4.8
TOTAL (1)
365 238 238 122 129 147 1239 19.7
(2)
2116 2080 2542 675 1168 1495 10075 100.0
42 SSMR June 2004

I - 1.3 Special fleets - general cargo ships ISL
1.3.5 General cargo reefer ships
1.3.5.1 By major flags as of January 1st, 2003 and 2004
Ships of 300 gt and over
Flag January 1st, 2003 January 1st, 2004 dwt-%
change
dwt-rank 1000 1000 1000 dwt-% 1000 1000 1000 dwt-% over
'04 ('03) No gt dwt TEU share No gt dwt TEU share prev.year
1 (1) Panama 324 1674 1802 8 25.5 313 1569 1705 8 25.2 -5.4
2 (2) Bahamas 131 1133 1206 14 17.1 127 1122 1195 14 17.7 -0.9
3 (3) Liberia 63 603 621 10 8.8 67 595 621 9 9.2 -0.1
4 (4) Netherlands (Total) 55 390 409 5 5.8 58 426 442 6 6.5 7.9
- Netherlands Antilles 26 188 192 2 2.7 29 207 211 2 3.1 10.1
5 (6) Malta 48 354 358 2 5.1 46 357 362 2 5.4 1.1
6 (5) Cayman Islands 36 334 371 2 5.2 33 309 340 2 5.0 -8.4
7 (8) Saint Vincent 46 251 264 1 3.7 46 277 295 1 4.4 11.8
8 (7) Cyprus 49 294 334 1 4.7 30 177 199 1 3.0 -40.2
9 (9) Russia 66 265 223 0 3.2 49 160 143 0 2.1 -36.0
10 (28) UK (Total) 4 20 24 0 0.3 18 115 133 1 2.0 447.3
- Isle of Man - - - - - 2 10 12 0 0.2 ...
- UK 4 20 24 0 0.3 16 105 121 1 1.8 397.0
11 (10) Bermuda 15 159 176 2 2.5 11 111 131 2 1.9 -25.9
12 (11) Denmark (Total) 15 106 130 3 1.8 11 92 114 3 1.7 -12.0
- Denmark (DIS) 12 102 126 3 1.8 10 91 114 3 1.7 -9.7
- Denmark (DOR) 3 4 4 0 0.1 1 1 1 - 0.0 -83.2
13 (12) China, PR of 69 96 107 0 1.5 65 93 105 0 1.6 -2.2
14 (13) Philippines 27 84 97 0 1.4 27 82 96 0 1.4 -1.1
15 (18) Antigua & Barbuda 7 50 53 1 0.8 8 58 61 1 0.9 14.5
16 (34) Marshall Islands 1 12 11 - 0.2 5 50 56 1 0.8 392.9
17 (15) Korea, Rep. of 18 45 58 - 0.8 18 43 53 - 0.8 -7.2
18 (17) Lithuania 16 47 57 0 0.8 15 45 53 0 0.8 -6.0
19 (19) Italy 4 53 52 2 0.7 4 53 52 2 0.8 -
20 (16) Vanuatu 7 54 57 0 0.8 6 48 50 0 0.7 -12.6
Others 224 602 662 4 9.4 216 499 552 3 8.2 -16.6
TOTAL 1225 6626 7073 56 100.0 1173 6283 6758 57 100.0 -4.5
1.3.5.2 By size class and division of age as of January 1st, 2004
Dwt-size class
(1) No
(2) 1000 dwt up to
1978
Ships of 300 gt and over
Division of age (year of build) dwt-%
average
1979 1984 1989 1994 1999 Total share of
age (years)
- 1983 - 1988 - 1993 - 1998 - 2003
total
< = 2499 (1)
163 86 55 16 15 8 343 26.2
(2)
209 132 81 20 20 8 470 7.0
2500 - 4999 (1)
57 68 39 27 18 3 212 21.3
(2)
207 253 149 103 69 13 794 11.8
5000 - 7499 (1)
16 38 69 89 25 5 242 15.8
(2)
94 235 442 548 152 27 1497 22.2
7500 - 9999 (1)
13 44 26 38 16 12 149 16.4
(2)
115 395 226 327 138 106 1306 19.3
10000 - 12499 (1)
19 19 32 45 32 13 160 14.9
(2)
212 212 356 492 337 143 1751 25.9
12500 - 14999 (1)
3 4 14 22
2 8 53 14.0
(2)
38 52 196 296 27 105 714 10.6
> - 15000 (1)
3 6 1 4
- - 14 22.2
(2)
47 91 19 68
- - 225 3.3
TOTAL (1) 274 265 236 241 108 49 1173 19.8
(2) 922 1371 1468 1852 742 402 6758 100.0
Continued
SSMR June 2004 43

I - 1.3 Special fleets - general cargo ships ISL
1.3.6 Ro-Ro cargo fleet
1.3.6.1 By major flags as of January 1st, 2003 and 2004
Flag January 1st, 2003 January 1st, 2004
Ships of 300 gt and over
dwt-%
change
dwt-rank 1000 1000 1000 dwt-% 1000 1000 1000 dwt-% over
'04 ('03) No gt dwt TEU share No gt dwt TEU share prev.year
1 (2) Italy 60 1492 827 35 10.2 63 1674 906 39 11.1 9.5
2 (1) US 39 1019 828 40 10.2 41 1150 873 40 10.7 5.4
3 (4) Panama 112 998 650 15 8.0 128 1253 761 17 9.3 17.1
4 (3) Norway (Total) 42 1017 755 18 9.3 45 949 679 21 8.3 -10.1
- Norway (NIS) 35 989 738 18 9.1 35 920 659 21 8.1 -10.8
- Norway (NOR) 7 27 17 0 0.2 10 29 20 0 0.2 16.3
5 (5) Sweden 41 833 556 22 6.8 40 985 672 28 8.2 20.8
6 (7) UK (Total) 45 670 414 18 5.1 45 622 391 17 4.8 -5.6
- Isle of Man 14 179 126 9 1.6 13 117 88 7 1.1 -30.4
- UK 31 491 287 8 3.5 32 505 303 9 3.7 5.4
7 (6) Bahamas 45 688 438 19 5.4 37 628 327 10 4.0 -25.3
8 (8) Japan 63 360 254 2 3.1 62 371 252 2 3.1 -1.0
9 (12) Saudi Arabia 10 195 184 10 2.3 10 199 187 10 2.3 1.7
10 (9) Finland 31 320 225 10 2.8 27 259 185 8 2.3 -17.6
11 (10) Malta 33 330 201 10 2.5 27 288 182 10 2.2 -9.5
12 (14) Turkey 20 319 178 10 2.2 21 304 167 9 2.0 -5.9
13 (13) Saint Vincent 34 231 178 8 2.2 33 223 166 8 2.0 -6.8
14 (17) Brazil 12 157 153 10 1.9 13 158 153 10 1.9 0.2
15 (11) Spain 37 309 190 7 2.3 31 249 153 5 1.9 -19.5
16 (15) Liberia 12 229 161 9 2.0 10 202 147 8 1.8 -8.7
17 (18) Netherlands (Total) 23 249 147 2 1.8 20 211 124 2 1.5 -15.4
- Netherlands Antilles 7 21 17 1 0.2 7 21 17 1 0.2 -
18 (16) Cyprus 22 228 161 8 2.0 16 163 117 5 1.4 -27.2
19 (20) Philippines 45 118 113 0 1.4 45 116 112 0 1.4 -1.1
20 (19) Antigua & Barbuda 27 160 131 9 1.6 22 131 109 7 1.3 -17.0
Others 429 1876 1392 46 17.1 444 2114 1507 54 18.4 8.3
TOTAL 1182 11799 8137 308 100.0 1180 12246 8171 311 100.0 0.4
1.3.6.2 By size class and division of age as of January 1st, 2004
Ships of 300 gt and over
(1) No
Division of age (year of build)
dwt-% average
Dwt-size class (2) 1000 dwt
up to
1978
1979
- 1983
1984
- 1988
1989
- 1993
1994
- 1998
1999
- 2003
Total
share of
total
age
(years)
< = 2499 (1)
177 72 32 40 50 28 399 22.9
(2)
193 70 27 28 42 24 384 4.7
2500 - 4999 (1)
95 74 37 27 11 10 254 22.6
(2)
341 277 149 102 46 41 957 11.7
5000 - 7499 (1)
28 33 28 19 23 38 169 15.2
(2)
169 212 173 115 137 251 1057 12.9
7500 - 9999 (1)
24 17 14 9 24 22 110 14.8
(2)
218 147 126 75 208 199 974 11.9
10000 - 12499 (1)
9 13 6 4 11 11 54 15.2
(2)
97 143 66 45 127 127 607 7.4
12500 - 14999 (1)
13 12 5 4 6 18 58 14.7
(2)
179 166 69 54 81 241 790 9.7
15000 - 19999 (1)
16 4 3 6 2 17 48 14.2
(2)
270 69 54 105 37 300 835 10.2
20000 - 24999 (1)
18 12 2 - 2 6 40 21.4
(2)
399 268 43 - 48 133 891 10.9
25000 - 29999 (1)
2 6 2 - 2 5 17 14.6
(2)
57 168 55 - 52 131 463 5.7
30000 - 34999 (1)
4 8 - 2 - - 14 22.6
(2)
125 260 - 67 - - 453 6
35000 - 39999 (1)
- - - - - 4 4 3.3
(2)
- - - - - 156 156 1.9
> = 40000 (1)
- 7 5 - 1 - 13 19.7
(2)
- 297 258 - 49 - 604 7.4
TOTAL (1)
386 258 134 111 132 159 1180 19.6
(2)
2050 2078 1022 591 827 1603 8171 100
Source: ISL merchant fleet data bases; based on quarterly updates from LR/Fairplay
44 SSMR June 2004

I - 1.3 Special fleets - container ships ISL
1.3.7 Fully cellular container fleet
1.3.7.1 Fleet development as of January 1st, 1995-2004
% share
% share
% share
% share
Year
No of of world 1000 of world 1000 of world 1000 of world
January 1st
ships
fleet
gt fleet
dwt fleet TEU fleet
1995
1590 4.4 34859 8.0 38851 5.7 2355 56.6
1996
1747 4.7 38519 8.4 43234 6.2 2679 58.8
1997
1930 5.1 42770 9.0 48205 6.7 3053 61.5
1998
2170 5.6 48479 9.9 55068 7.4 3557 64.8
1999
2363 8.1 52935 10.7 60709 8.1 4017 66.8
2000
2437 8.3 55101 10.7 63296 8.1 4273 67.6
2001
2564 6.6 59837 11.5 68715 8.8 4674 68.7
2002
2726 7.0 66402 12.4 76131 9.5 5288 71.4
2003
2905 7.4 72894 13.6 83744 10.5 5893 79.5
2004
Average yearly growth
3036 7.8 78176 14.5 90214 11.3 6424 86.7
1995 - 2004 7.5 9.4 9.8 11.8
2000 - 2004 5.6 9.1 9.3 10.7
1.3.7.2 By size class and division of age as of January 1st, 2004
Ships of 300 gt and over
TEU-% change
over
prev. period
Ships of 300 gt and over
Division of age (year of build) TEU-%
Dwt - size class (1) No of ships up to 1979 1984 1989 1994 1999 Total share of average
(2) 1000 TEU 1978 -1983 -1988 -1993 -1998 -2003
total age
< = 9999 (1) 95 73 52 64 217 107 608 13.2
(2) 24 30 22 27 104 59 266 4.1
10000 - 14999 (1) 15 37 31 55 129 69 336 10.5
(2) 9 26 27 52 120 68 302 4.7
15000 - 19999 (1) 28 18 27 27 98 77 275 10.4
(2) 27 18 27 30 111 96 309 4.8
20000 - 24999 (1) 27 29 18 62 175 71 382 10.5
(2) 31 36 26 82 284 116 575 9.0
25000 - 29999 (1) 13 38 20 17 28 31 147 14.4
(2) 20 56 31 30 51 61 249 3.9
30000 - 34999 (1) 8 47 30 24 79 120 308 9.3
(2) 15 102 56 47 184 291 696 10.8
35000 - 39999 (1) 15 19 24 8 33 36 135 12.4
(2) 34 41 59 24 89 100 346 5.4
40000 - 44999 (1) 5 6 66 31 41 27 176 12.2
(2) 13 15 192 91 130 85 527 8.2
45000 - 49999 (1) 6 5 8 44 50 5 118 11.1
(2) 16 13 28 136 181 20 394 6.1
50000 - 59999 (1) 1 5 33 28 47 69 183 8.3
(2) 2 16 126 108 187 292 731 11.4
60000 - 69999 (1) - - 2 29 93 130 254 5.4
(2) - - 8 123 446 686 1262 19.6
70000 - 79999 (1) - - - - - 27 27 1.9
(2) - - - - - 165 165 2.6
80000 - 99999 (1) - - - - 15 45 60 2.8
(2) - - - - 96 298 394 6.1
> = 100000 (1) - - - - 6 21 27 3.0
(2) - - - - 43 165 208 3.2
TOTAL (1) 213 277 311 389 1011 835 3036 10.5
(2) 191 353 603 750 2026 2501 6424 100.0
TEU-% share of total 3.0 5.5 9.4 11.7 31.5 38.9 100.0
15.3
13.8
14.0
16.5
12.9
6.4
9.4
13.1
11.4
9.0
Continued
SSMR June 2004 45

I - 1.3 Special fleets - container ships ISL
1.3.7.3 By registered flags and countries of domicile according to country groups
as of January 1st, 2003 and 2004
Ships of 1000 gt and over
January, 1 st 2003 January, 1 st 2004
Country group %-share 1000 %-share 1000 %-share %-share 1000 %-share 1000 %-share
No of total dwt of total TEU of total No of total dwt of total TEU of total
Registered flag
OECD
of which
762 26.3 26234 31.3 1888 32.0 775 25.6 27761 30.8 2013 31.3
EU 568 19.6 20956 25.0 1513 25.7 584 19.3 22627 25.1 1647 25.6
Open Registry Countries 1465 50.6 42177 50.4 2996 50.8 1553 51.3 46700 51.8 3355 52.2
Developing countries 312 10.8 5338 6.4 323 5.5 321 10.6 5863 6.5 375 5.8
Others 355 12.3 9980 11.9 685 11.6 376 12.4 9875 10.9 680 10.6
TOTAL
Country of domicile
2894 100.0 83729 100.0 5892 100.0 3025 100.0 90199 100.0 6423 100.0
OECD
of which
1807 62.4 55579 66.4 3963 67.3 2028 67.0 65586 72.7 4723 73.5
EU 1242 42.9 37867 45.2 2710 46.0 1417 46.8 45572 50.5 3298 51.3
Open Registry Countries 8 0.3 198 0.2 14 0.2 10 0.3 236 0.3 18 0.3
Developing countries 359 12.4 6878 8.2 434 7.4 364 12.0 6928 7.7 453 7.0
Others 466 16.1 14140 16.9 986 16.7 446 14.7 13480 14.9 945 14.7
Unknown 254 8.8 6934 8.3 494 8.4 177 5.9 3969 4.4 284 4.4
TOTAL 2894 100.0 83729 100.0 5892 100.0 3025 100.0 90199 100.0 6423 100.0
1.3.7.4 By registered flags and countries of domicile according to regions as of January 1st, 2000 - 2004
Ships of 1000 gt and over
Region 2000 2001 2002 2003 2004
Av. growth rate
2000-2004
No 1000 TEU No 1000 TEU No 1000 TEU No 1000 TEU No 1000 TEU No 1000 TEU
Registered flag
Europe 615 1210 633 1347 644 1434 673 1645 693 1779 3.0 10.1
North America 86 222 86 224 88 229 89 239 85 239 -0.3 1.9
Latin and South America 740 1262 782 1366 852 1586 897 1767 944 1997 6.3 12.1
Asia and Oceania 766 1160 799 1198 822 1313 891 1419 918 1446 4.6 5.7
Africa 222 418 254 539 310 724 344 822 385 962 14.8 23.2
Total 2429 4272 2554 4674 2716 5287 2894 5892 3025 6423 5.6 10.7
Country of domicile
Europe 1123 2065 1262 2499 1331 2793 1401 3041 1591 3682 9.1 15.6
North America 114 266 84 173 99 240 118 307 124 326 2.1 5.2
Latin and South America 19 15 15 9 17 26 15 26 8 7 -19.4 -16.0
Asia and Oceania 1018 1734 1037 1769 1070 1904 1100 2018 1120 2118 2.4 5.1
Africa 13 19 8 7 7 6 6 6 5 6 -21.2 -25.6
Unknown 142 174 148 216 192 319 254 494 177 284 5.7 13.1
Total 2429 4272 2554 4674 2716 5287 2894 5892 3025 6423 5.6 10.7
46 SSMR June 2004

I - 1.3 Special fleets - container ships ISL
Fig. I - 4: Container ships - fleet development by TEU-size class as of January 1st, 1988 - 2004 (in TEU)
1000 TEU
2500
2000
1500
1000
Fig. I - 5: Container ships - by registered flags and countries of domicile according to regions
as of January 1st, 1995 - 2004 (in TEU)
1000 TEU
500
0
Registered flags
2000
1600
1200
800
400
1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
0
Note: Ships of 1000 gt and over
- 1999 TEU 2000 - 3999 TEU 4000-4999 TEU > 5000 TEU
Note: ships of 300gt and over ISL 2004
Countries of domicile
1000 TEU
3750
3000
2250
1500
750
0
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
North America Europe Asia and Oceania Latin and South America Others
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004
North America Europe Asia and Oceania Latin and South America Others (incl unknown)
ISL 2004
SSMR June 2004 47

I - 1.3 Special fleets - container ships ISL
1.3.7.5 By major flags as of January 1st, 2003 and 2004
Ships of 300 gt and over
Flag January 1st, 2003 January 1st, 2004
TEU-rank 1000 1000 1000 TEU-% 1000 1000 1000 TEU-% TEU-% change
'04 ('03) No gt dwt TEU share No gt dwt TEU share over prev.year
1 (1) Panama 555 16355 18160 1286 21.8 583 18598 20712 1477 23.0 14.8
2 (2) Liberia 334 9450 11235 812 13.8 376 10905 12898 952 14.8 17.3
3 (3) Germany, FR of 205 5640 6898 513 8.7 161 5139 6166 462 7.2 -9.8
4 (7) UK (Total) 99 3268 3658 264 4.5 137 4548 5124 382 6.0 44.7
- Isle of Man 19 321 416 28 0.5 13 214 266 19 0.3 -34.0
- UK 80 2947 3242 236 4.0 124 4334 4858 364 5.7 54.1
5 (5) Denmark (Total) 74 3868 4329 301 5.1 80 4261 4875 344 5.4 14.2
- Denmark (DIS) 74 3868 4329 301 5.1 80 4261 4875 344 5.4 14.2
- Denmark (DOR) - - -
- - - - -
- -
-
6 (6) Antigua & Barbuda 197 2739 3516 268 4.5 227 3304 4256 322 5.0 20.2
7 (4) Singapore 175 3804 4536 309 5.2 185 3896 4658 316 4.9 2.3
8 (8) US 87 3209 3308 238 4.0 84 3170 3306 239 3.7 0.4
9 (9) Cyprus 131 2702 3205 221 3.8 124 2655 3236 227 3.5 2.6
10 (10) Hong Kong (SAR) 77 2261 2563 182 3.1 87 2361 2656 192 3.0 5.0
11 (15) China, PR of 119 1675 2044 108 1.8 132 2191 2605 161 2.5 49.0
12 (12) Greece 44 1796 1991 144 2.4 47 1989 2235 160 2.5 11.2
13 (11) Bahamas 81 2298 2347 158 2.7 72 1838 2007 139 2.2 -11.9
14 (13) Netherlands (Total) 71 1799 2024 143 2.4 74 1762 1992 139 2.2 -3.3
- Netherlands Antilles 21 388 477 30 0.5 22 402 496 31 0.5 3.6
15 (14) Marshall Island 65 1509 1793 132 2.2 75 1379 1677 124 1.9 -6.3
16 (17) Malta 57 1093 1298 82 1.4 51 1029 1221 72 1.1 -12.0
17 (22) Israel 15 593 690 49 0.8 18 753 882 63 1.0 29.7
18 (16) Taiwan 49 1384 1602 106 1.8 35 799 957 61 0.9 -42.8
19 (18) Italy 29 961 1005 71 1.2 24 801 821 60 0.9 -15.0
20 (20) Korea, Rep. of 47 715 831 57 1.0 53 688 800 55 0.8 -3.8
21 (19) Malaysia 56 737 910 57 1.0 52 685 855 54 0.8 -5.3
22 (21) France (Total) 15 658 723 55 0.9 13 566 629 50 0.8 -8.0
- Kerguelen 15 658 723 55 0.9 13 566 629 50 0.8 -8.0
23 (23) Japan 21 594 594 39 0.7 17 464 475 32 0.5 -19.6
24 (25) Bermuda 15 393 420 25 0.4 17 465 486 31 0.5 21.1
25 (24) Turkey 32 289 362 29 0.5 30 270 340 26 0.4 -7.2
26 (29) Gibraltar 12 171 213 15 0.3 18 233 284 21 0.3 34.4
27 (26) Russia 21 259 298 19 0.3 21 259 298 19 0.3 -
28 (31) Iran 7 154 179 14 0.2 9 205 247 19 0.3 35.4
29 - Belgium - - -
- - 8 293 317 17 0.3 ...
30 (27) Thailand 16 162 219 16 0.3 16 162 219 16 0.2 -
31 (28) UAE 6 214 227 15 0.3 6 214 227 15 0.2 -
32 (37) Spain 17 123 163 10 0.2 20 178 236 15 0.2 48.1
33 (30) Kuwait 6 214 227 15 0.3 6 214 227 15 0.2 -
34 (32) Qatar 6 170 184 13 0.2 8 184 202 14 0.2 8.0
35 (33) Indonesia 32 171 223 12 0.2 32 174 228 13 0.2 2.5
36 (34) Saint Vincent 30 164 204 12 0.2 28 170 208 12 0.2 4.6
37 (39) Luxembourg 8 90 115
9 0.2 10 127 162 12 0.2 37.4
38 (36) Brazil 7 158 190 11 0.2 8 182 213 12 0.2 11.2
39 (35) Saudi Arabia 4 149 156 11 0.2 4 149 156 11 0.2 -
40 (38) India 8 116 152
9 0.2 8 116 152
9 0.1 -
Total 40 flags 2830 72105 82791 5831 99.0 2956 77379 89243 6360 99.0 9.1
Other flags 75 789 953 62 1.0 80 797 970 64 1.0 3.2
WORLD TOTAL
Country groups
2905 72894 83744 5893 100.0 3036 78176 90214 6424 100.0 9.0
OECD 766 23185 26239 1888 32.0 779 24472 27766 2013 31.3 6.6
of which EU 569 18245 20958 1513 25.7 585 19724 22628 1647 25.6 8.8
Open Registry (a) 1465 36703 42177 2996 50.8 1553 40343 46700 3355 52.2 12.0
Developing countries 317 4468 5346 323 5.5 326 4934 5871 375 5.8 16.0
Others 357 8538 9982 685 11.6 378 8427 9876 680 10.6 -0.8
WORLD TOTAL 2905 72894 83744 5893 100.0 3036 78176 90214 6424 100.0 9.0
(a) Open registry flags include Bahamas, Bermuda, Cyprus, Liberia, Panama as "Majors" and Malta, Saint Vincent, Marshall Islands, Cayman Islands and
Antigua & Barbuda
Note: For definition compare "Definitions".
48 SSMR June 2004

I 1.3 Special fleets - container ships ISL
1.3.7.6 By size class and division of TEU-capacity as of January 1st, 2004
Ships of 300 gt and over
(1) No of
Division of capacity (in TEU)
dwt - ships TEU- % share
size class (2) 1000 capacity < = 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 > = of total
TEU unknown 999 -1499 -1999 -2499 -2999 -3499 -3999 -4499 -4999 -5499 -5999 -6999 7000 TOTAL TEU
< = 9999 (1)
15 591 2 - - - - - - - - - - - 608
(2)
... 264 2 - - - - - - - - - - - 266 4.1
10000 - 14999 (1)
... 205 131 - - - - - - - - - - - 336
(2)
... 156 146 - - - - - - - - - - - 302 4.7
15000 - 19999 (1)
... 56 200 18 1 - - - - - - - - - 275
(2)
... 48 229 29 2 - - - - - - - - - 309 4.8
20000 - 24999 (1)
... 12 132 230 8 - - - - - - - - - 382
(2)
... 10 169 379 17 - - - - - - - - - 575 9.0
25000 - 29999 (1)
... 4 39 78 21 5 - - - - - - - - 147
(2)
... 4 52 135 44 14 - - - - - - - - 249 3.9
30000 - 34999 (1)
... - 4 59 181 61 3 - - - - - - - 308
(2)
... - 5 108 412 161 9 - - - - - - - 696 10.8
35000 - 39999 (1)
... - - 8 50 64 12 1 - - - - - - 135
(2)
... - - 15 114 176 38 4 - - - - - - 346 5.4
40000 - 44999 (1)
... - - 1 9 78 79 9 - - - - - - 176
(2)
... - - 2 22 215 257 33 - - - - - - 527 8.2
45000 - 49999 (1)
... - - - 4 21 45 44 4 - - - - - 118
(2)
... - - - 10 57 144 166 17 - - - - - 394 6.1
50000 - 59999 (1)
... - - - 2 3 21 38 106 11 - 2 - - 183
(2)
... - - - 5 8 70 142 445 51 - 11 - - 731 11.4
60000 - 69999 (1)
... - - - - - - 18 46 67 40 81 2 - 254
(2)
... - - - - - - 69 196 317 211 456 13 - 1262 19.6
70000 - 79999 (1)
... - - - - - - - - - - 7 20 - 27
(2)
... - - - - - - - - - - 39 126 - 165 2.6
80000 - 99999 (1)
... - - - - - - - - - - - 58 2 60
(2)
... - - - - - - - - - - - 378 16 394 6.1
> =100000 (1)
... - - - - - - - - - - - - 27 27
(2)
... - - - - - - - - - - - - 208 208 3.2
TOTAL (1)
15 868 508 394 276 232 160 110 156 78 40 90 80 29 3036
(2)
... 483 603 667 625 631 518 413 658 367 211 506 517 224 6424 100.0
TEU - share of total ... 7.5 9.4 10.4 9.7 9.8 8.1 6.4 10.2 5.7 3.3 7.9 8.0 3.5 100.0
1.3.7.7 By country groups and division of TEU-capacity as of January 1st, 2004
Ships of 300 gt and over
(1) No of
Division of capacity (in TEU)
ships TEU- % share
Country group (2) 1000 capacity < = 1000 1500 2000 2500 3000 3500 4000 4500 5000 5500 6000 > = of total
TEU unknown 999 -1499 -1999 -2499 -2999 -3499 -3999 -4499 -4999 -5499 -5999 -6999 7000 TOTAL TEU
OECD (1)
3 211 77 81 75 52 42 48 56 46 10 14 37 27 779
(2)
... 122 91 139 171 145 134 180 236 215 54 79 240 208 2013 31.3
of which EU (1)
1 138 54 63 62 31 34 41 46 32 7 12 37 27 585
(2)
... 89 63 107 143 87 108 154 193 150 38 68 240 208 1647 25.6
Open Registry (1)
1 341 295 248 165 145 92 36 87 18 20 62 43 - 1553
Flags (a)
(2)
... 207 350 419 372 392 300 134 367 84 105 349 277 - 3355 52.2
Developing (1)
11 182 51 27 15 8 4 19 3 - - 6 - - 326
Countries
(2)
... 80 62 46 33 22 13 72 13 - - 34 - - 375 5.8
Others (1)
- 134 85 38 21 27 22 7 10 14 10 8 - 2 378
(2)
... 74 100 64 49 72 71 26 43 68 51 45 - 16 680 10.6
TOTAL (1)
15 868 508 394 276 232 160 110 156 78 40 90 80 29 3036
(2)
... 483 603 667 625 631 518 413 658 367 211 506 517 224 6424 100.0
(a) Open registry flags include Bahamas, Bermuda, Cyprus, Liberia, Panama as "Majors" and Malta, Saint Vincent, Marshall Islands, Cayman Islands and
Antigua & Barbuda
(Source: ISL merchant fleet data bases; based on quarterly updates from LR/Fairplay)
SSMR June 2004 49

I 1.3 Special fleet - container ships ISL
1.3.7.7 Top 15 container operators as of February 2004
Fully cellular container ships of 1000 TEU and over
Owned ships Chartered ships
Total % share of
Operator No of ships 1000 TEU No of ships 1000 TEU No of ships 1000 TEU Total TEU % charter av TEU
MAERSK SEALAND 115 445.3 135 332.9 250 778.2 13.0 42.8 3113
MSC 90 272.7 75 202.9 165 475.6 8.0 42.7 2882
EVERGREEN 98 327.2 42 102.0 140 429.2 7.2 23.8 3066
PONL 50 190.3 76 195.4 126 385.7 6.5 50.6 3061
HANJIN 20 89.4 56 202.2 76 291.6 4.9 69.3 3837
APL 30 132.2 37 137.7 67 269.9 4.5 51.0 4029
CMA-CGM 17 57.3 67 196.4 84 253.7 4.3 77.4 3020
NYK 25 104.2 43 97.4 68 201.6 3.4 48.3 2964
COSCO 58 181.9 5 14.6 63 196.5 3.3 7.4 3119
K-LINE 16 61.6 42 132.9 58 194.4 3.3 68.3 3352
MOL 26 103.4 26 70.5 52 173.9 2.9 40.6 3345
OOCL 20 97.1 19 70.0 39 167.1 2.8 41.9 4285
HAPAG-LLOYD 25 117.5 16 46.4 41 163.9 2.7 28.3 3997
CSCL 8 41.8 33 110.0 41 151.8 2.5 72.5 3704
YANGMING 24 73.6 28 66.6 52 140.2 2.3 47.5 2696
OTHERS 299 644.8 406 775.9 705 1420.7 23.8 54.6 2015
UNKNOWN ... ... ... ... 137 273.6 4.6 ... 1997
Total
Note: excl. unknown operators
921 2940.4 1106 2753.8 2164 5967.8 100.0 46.1 2758
1.3.7.8 The Global Players as of February 2004
Containerships of 1000 TEU and over
Fleet Capacity
Employed in Alliances Total fleet of operator
Av. ship size (in
% of Av. ship size (in max. ship
Alliance Operator No of ships 1000 TEU
TEU) No of ships 1000 TEU total
TEU) (in TEU)
CHKY Alliance Total
of which
148 640.5 4328 249 822.7 13.8 3304
Hanjin 50 234.3 4686 76 291.6 3837 5750
K-Line 35 156.0 4457 58 194.4 3352 5600
Cosco 34 145.5 4279 63 196.5 3119 5618
Yangming 29 104.7 3610 52 140.2 2696 5618
Grand Alliance / Total 132 627.8 4756 354 1126.0 18.9 3181
Grand Americana of which
PONL 38 178.7 4703 126 385.7 3061 6802
NYK 29 134.2 4628 68 201.6 2965 6200
Hapag Lloyd 28 141.2 5043 41 163.8 3995 7500
OOCL 24 130.0 5417 39 167.1 4285 8060
CP Ships 6 18.8 3133 52 136.2 2619 4112
MISC 4 15.5 3885 14 31.1 2221 4469
TMM 3 9.5 3166 14 40.5 2893 4050
New World Alliance Total
of which
81 401.5 4957 150 566.0 9.5 3773
APL 41 194.1 4734 67 270.0 4030 5762
Hyundai 18 98.6 5478 31 122.1 3939 6400
MOL 22 108.8 4945 52 173.9 3344 6400
Maersk-Sealand 250 778.2 13.0 3113 7300
MSC 165 475.6 8.0 2882 6750
Evergreen 140 429.2 7.2 3066 6332
CMA-CGM 84 253.7 4.3 3020 6620
Others incl unknown 772 1516.4 25.4 1949 5750
Total fleet 2164 5967.8 100.0 2758 8060
APL incl. NOL; CMA-CGM incl. ANL-CL, Ybarra; Evergreen incl. Hatsu Marine, Lloyd Trestino; Hanjin incl. Senator; Maersk SeaLand incl. Safmarine; NYK incl.
TSK; P&O Nedlloyd incl. Farrell, P&O Swire, CP Ships incl. ANZL, Canada Maritime, Contship, Italia, Lykes.
Source: ISL based on MDS Transmodal
50 SSMR June 2004

I - 2 Freight market ISL
2.1 Hamburg Index for Containership Time-Charter-Rates 2003 and 2004
Gearless
200-299 TEU
-min 14 kn
300-500 TEU
-min 15 kn
2000/+TEU
-min 22 kn
Month 2003 2004 2003 2004 2003 2004
Jan. 17.7 22.2 14.1 18.5 6.0 11.1
Feb. 17.4 21.1 16.1 17.9 6.6 15.4
March 19.3 22.2 17.6 19.4 8.1 15.4
April 18.8 22.5 17.3 20.7 9.1 13.7
May 20.3 22.0 17.4 20.7 10.1 13.7
June 19.2 17.7 11.0
July 17.9 18.6 11.4
Aug. 19.6 17.6 10.9
Sep. 20.0 17.8 10.7
Oct. 21.2 17.8 11.2
Nov. 21.0 19.3 10.8
Dec. 22.5 18.3 11.0
Average 19.6 22.0 17.5 19.4 9.8 13.9
Geared
200-299 TEU
-min 14 kn
300-500 TEU
-min 15 kn
600-799 TEU
-min 17-17.9 kn*
Month 2003 2004 2003 2004 2003 2004
Jan. 17.3 21.5 13.8 19.5 9.9 14.3
Feb. 17.7 22.9 14.5 18.3 10.4 14.8
March 17.7 23.3 14.6 18.8 10.7 16.2
April 18.1 25.2 14.5 21.9 11.9 19.0
May 20.3 25.2 15.6 20.3 12.0 17.7
June 19.5 15.5 12.7
July 18.8 14.7 12.0
Aug. 18.4 17.0 13.4
Sep. 18.2 16.4 13.9
Oct. 19.1 16.6 13.6
Nov. 21.5 17.2 13.2
Dec. 20.6 16.3 13.5
Average 18.9 23.6 15.6 19.8 12.2 16.4
700-999 TEU 1000-1299 TEU 1600-1999 TEU
-over 18 kn* -min 19 kn -min 20 kn
Month 2003 2004 2003 2004 2003 2004
Jan. 9.3 14.1 7.7 13.7 6.4 12.5
Feb. 9.9 15.0 8.4 15.5 7.0 13.2
March 10.1 15.8 8.9 16.6 8.5 14.3
April 11.2 16.8 9.8 17.6 9.7 13.9
May 11.7 19.5 11.4 19.0 11.1 17.9
June 12.2 12.2 10.0
July 12.5 12.4 11.5
Aug. 13.0 13.7 11.2
Sep. 13.2 13.9 11.8
Oct. 14.0 15.1 11.7
Nov. 14.4 14.0 10.1
Dec. 13.2 12.1 11.3
Average 12.1 16.2 11.6 16.5 10.0 14.3
(Source: ISL Bremen 2004; based on Vereinigung Hamburger Schiffsmakler und Schiffsagenten e.V.)
24.0
21.0
18.0
15.0
12.0
9.0
6.0
3.0
28.0
24.0
20.0
16.0
12.0
8.0
4.0
20.0
16.0
12.0
8.0
4.0
Values in US$ per 14 t/ TEU per day
200-299 TEU -min14kn-COMPACT-2 month or more
300-500 TEU -min 15 kn-COMPACT
2000/+ TEU -min 22 kn-CELLED
2000 2001 2002 2003 2004
200-299 TEU -min14kn-COMPACT-2 month or more
300-500 TEU -min 15kn-COMPACT
600-799 TEU -min 17-17.9 kn-CELLED*
2000 2001 2002 2003 2004
700-999 TEU -min 18 kn-CELLED*
1000-1299 TEU -min 19 kn-CELLED
1600-1999 TEU -min 20 kn-CELLED
2000 2001 2002 2003 2004
*Note: Since July 2002, Geared 600-799 TEUx14t hom - over 18kn - CELLED -3 mos or more has been displaced by 600-799 TEUx14t hom - min 17-17.9 kn -
CELLED -3 mos or more and Geared 600-799 TEUx14t hom - over 18 kn - CELLED -3 mos or more has been displaced by 700-999 TEUx14t hom - min 18 kn -
CELLED -3 mos or more
The Hamburg Index for Containership Time-Charter-Rates is based on the broad database of approximately 20-30 Ship Brokers in Hamburg and therefore offers a
profound information of the market for selected container ship types. If not otherwise mentioned the time charter period was determined on at least 3 months. For
more information see: http://www.vhss.de/hax.html
SSMR June 2004 51
ISL
ISL
ISL

I - 2 Freight market ISL
2.2 German sea freight indices
2.2.1 Liner trade
Overall index
Month 1999 2000 2001 2002 2003 2004
Jan. 77.3 103.6 119.1 92.8 96.0 93.2
Feb. 78.9 102.8 120.6 92.6 95.5 93.1
March 80.1 104.6 121.4 94.8 100.5 96.4
April 82.5 112.6 122.2 95.2 107.0 100.0
May 82.8 119.4 121.0 94.3 99.1 99.4
June 84.4 115.6 119.1 94.1 100.5
July 85.9 114.4 117.2 94.2 102.6
Aug. 87.3 121.7 111.8 94.0 103.9
Sep. 90.4 126.5 105.0 92.8 103.8
Oct. 91.9 130.3 103.3 99.0 101.6
Nov. 95.5 129.9 104.1 99.1 100.5
Dec. 98.1 125.4 101.8 96.7 96.0
Average 86.3 117.2 113.9 95.0 100.6 96.4
by trading Area
Africa
America
Month 2002 2003 2004 2002 2003 2004
Jan. 134.4 117.5 109.7 113.1 105.7 107.6
Feb. 134.6 118.6 109.4 114.4 105.0 107.1
March 134.8 122.1 112.5 113.7 110.3 110.0
April 135.8 121.5 114.1 111.8 119.8 113.6
May 133.2 113.7 113.7 110.6 109.5 113.7
June 130.7 113.2 106.9 108.5
July 124.8 114.5 103.6 112.8
Aug. 125.8 117.0 102.7 113.8
Sep. 123.4 117.3 102.4 112.4
Oct. 124.1 113.3 115.1 114.3
Nov. 122.8 113.4 113.0 115.3
Dec. 118.7 110.3 111.0 110.4
Average 128.6 116.0 111.9 109.9 111.5 110.4
Asia Europe
Month 2002 2003 2004 2002 2003 2004
Jan. 69.4 85.0 78.8 95.2 95.9 94.4
Feb. 67.8 83.8 79.0 95.1 96.9 94.3
March 73.3 90.3 83.7 95.3 97.0 94.4
April 76.2 97.3 88.4 93.4 97.0 94.6
May 75.5 89.6 87.0 93.4 95.0 94.7
June 78.1 93.7 94.3 94.7
July 81.8 94.8 94.7 94.6
Aug. 81.8 96.6 94.8 94.5
Sep. 79.9 97.5 94.7 94.5
Oct. 83.4 91.6 95.0 94.4
Nov. 85.4 88.5 95.4 94.4
Dec. 82.1 82.7 95.4 94.4
Average 77.9 91.0 83.4 94.7 95.3 94.5
52 SSMR June 2004
140
120
100
80
60
160
140
120
100
80
140
120
100
80
60
Overall Index
2000 2001 2002 2003 2004
Africa
America
2000 2001 2002 2003 2004
Europe
Asia
2000 2001 2002 2003 2004
1995 = 100
ISL
ISL
ISL
Continued

I - 2 Freight market ISL
2.2 German sea freight indices (continued)
liner index
Homeward-bound Outward-bound
140.0
Month 2003 2004 2003 2004
Jan. 91.3 88.1 100.5 98.0 120.0
Feb. 90.8 88.0 99.9 98.0
March 93.5 91.9 107.1 100.8
April
May
99.7
92.4
96.3
95.6
113.9
105.3
103.5
102.9
100.0
June 89.9 110.5
July 97.4 107.4
Aug.
Sep.
99.0
99.3
108.5
108.1
80.0
Homeward-bound Index
Oct. 96.0 106.8
Outward-bound Index
Nov.
Dec.
Average
95.7
91.7
94.7 92.0
105.1
100.1
106.1 100.6
60.0
2000 2001 2002 2003 2004 ISL
By trading a
America
Homeward-bound Outward-bound
175
Month
Jan.
2003
74.1
2004
68.0
2003
129.4
2004
137.3
150
Feb. 74.0 67.7 128.3 136.7
March
April
May
June
80.5
83.1
74.8
74.0
70.1
73.6
73.7
132.7
147.4
135.5
134.4
139.9
143.7
143.8
125
100
Homeward-bound Index
Outward-bound Index
July 76.3 140.1
Aug.
Sep.
77.8
77.0
140.8
138.9
75
Oct. 74.8 143.9
Nov.
Dec.
Average
74.7
71.3
76.0 70.6
145.7
139.8
138.1 140.3
50
2000 2001 2002 2003 2004 ISL
Asia
Month 2003 2004 2003 2004
Jan. 97.4 96.1 69.8 57.6
Feb. 96.2 95.9 68.6 58.3
March 97.4 101.9 81.6 61.4
April 108.2 108.3 84.0 64.0
May 100.1 106.9 76.7 62.5
June 95.7 91.2
July 109.0 77.5
Aug. 111.0 79.0
Sep. 112.0 79.7
Oct. 107.3 72.4
Nov. 106.8 66.0
Dec. 101.2 60.1
Average 103.5 101.8 75.6 60.8
Month
Europe
2003 2004 2003 2004
Jan. 97.7 96.3 93.8 92.3
Feb. 98.7 96.2 94.9 92.2
March 98.7 96.3 95.1 92.2
April 98.7 96.3 95.1 92.6
May 96.8 96.4 93.1 92.8
June 96.4 92.9
July 96.3 92.6
Aug. 96.3 92.5
Sep. 96.3 92.5
Oct. 96.3 92.2
Nov. 96.3 92.3
Dec. 96.3 92.3
Average 97.1 96.3 93.3 92.4
(Source: ISL Bremen 2004, based on data from Federal Statistical Office Germany)
150
125
100
75
50
105
100
95
90
85
Homeward-bound Index
Outward-bound Index
2000 2001 2002 2003 2004
Homeward-bound Index
Outward-bound Index
2000 2001 2002 2003 2004
1972=100
SSMR June 2004 53
ISL
ISL

I - 2 Freight market ISL
2.3 Lloyd's Shipping Economist tramp trip charter indices
Combined index
Month 2001 2002 2003 2004
Jan. 193 89 185 553
Feb. 214 73 156 613
March 199 102 151 451
April 178 104 203 558
May 197 93 230
June 198 95 304
July 174 99 273
Aug. 119 113 276
Sep. 100 125 294
Oct. 83 114 337
Nov. 79 140 309
Dec. 89 154 360
Average 152 108 257 544
12000-19999 dwt index
Month 2001 2002 2003 2004
Jan. 149 ... 723 341
Feb. 244 ... 192 349
March 148 ... ... ...
April 137 187 349 448
May 183 ... ...
June 142 ... 267
July 163 ... 221
Aug. 148 ... ...
Sep. 138 ... 266
Oct. 130 ... ...
Nov. 160 318 ...
Dec. ... 308 ...
Average 158 271 336 379
20000-34999 dwt index
Month 2001 2002 2003 2004
Jan. 166 137 199 601
Feb. 226 131 192 716
March 165 160 212 636
April 163 153 282 615
May 176 131 283
June 189 165 309
July 171 156 314
Aug. 160 172 295
Sep. 157 181 307
Oct. 151 173 342
Nov. 121 200 422
Dec. 137 173 469
Average 165 161 302 642
54 SSMR June 2004
650
575
500
425
350
275
200
125
50
450
400
350
300
250
200
150
100
50
800
700
600
500
400
300
200
100
0
Combined index
1998 1999 2000 2001 2002 2003 2004
Size class 12000-19999 dwt
1998 1999 2000 2001 2002 2003 2004
Size class 20000-34999 dwt
1998 1999 2000 2001 2002 2003 2004
1985=100
ISL
ISL
ISL

I - 2 Freight market ISL
2.3 Lloyd's Shipping Economist tramp trip charter indices (continued)
35000-49999 dwt index
Month 2001 2002 2003 2004
Jan. 188 144 234 563
Feb. 258 185 207 732
March 180 161 244 706
April 190 169 257 571
May 187 193 285
June 181 160 347
July 178 158 278
Aug. 178 121 280
Sep. 163 135 294
Oct. 134 171 381
Nov. 149 196 417
Dec. 144 207 521
Average 178 167 312 643
50000-84999 dwt index
Month 2001 2002 2003 2004
Jan. 196 139 295 851
Feb. 216 84 243 835
March 220 151 281 861
April 229 158 325 730
May 217 135 382
June 218 140 343
July 178 162 330
Aug. 178 148 315
Sep. 153 152 321
Oct. 144 169 543
Nov. 120 212 605
Dec. 139 233 688
Average 184 157 389 819
85000 dwt and over index
Month 2001 2002 2003 2004
Jan. 223 91 235 875
Feb. 135 112 229 881
March 184 132 245 735
April 181 130 260 604
May 160 112 290
June 170 125 297
July 143 110 298
Aug. 143 112 306
Sep. 81 120 350
Oct. 90 134 690
Nov. 78 180 662
Dec. 91 208 772
Average 140 131 386 774
Note: The number of fixtures for the smaller TTCI size ranges is too less to become meaningfull results
800
700
600
500
400
300
200
100
0
1000
(Source: ISL Bremen 2004, based on data from Lloyd´s Shipping Economist)
Size class 35000-49999 dwt
1998 1999 2000 2001 2002 2003 2004
875
750
625
500
375
250
125
0
1000
875
750
625
500
375
250
125
Size class 50000-84999 dwt
1998 1999 2000 2001 2002 2003 2004
0
Size class 85000 dwt and over
1998 1999 2000 2001 2002 2003 2004
1985=100
SSMR June 2004 55
ISL
ISL
ISL

I - 2 Freight market ISL
2.4 Maritime Research freight indices 2001 - 2004
General freight index
Month 2001 2002 2003 2004
Jan. 249.4 209.1 258.2 392.3
Feb. 244.4 211.3 261.4 415.1
March 245.9 217.1 266.6 429.0
April 244.6 220.8 271.6 422.3
May 248.8 223.1 286.3 418.2
June 248.4 220.0 286.6
July 238.7 218.3 286.6
Aug. 225.2 219.4 298.4
Sep. 222.9 223.2 300.6
Oct. 218.1 231.8 333.0
Nov. 215.4 241.3 353.1
Dec. 208.9 249.7 381.0
Average 234.2 223.8 298.6 415.4
Grain freight index
Month 2001 2002 2003 2004
Jan. 254.3 214.3 266.1 405.9
Feb. 249.9 215.9 270.9 432.7
March 252.8 221.9 275.4 454.8
April 250.6 226.0 281.0 449.9
May 254.5 230.5 296.0 447.5
June 253.1 226.5 296.7
July 243.6 224.1 295.3
Aug. 229.9 226.8 311.0
Sep. 227.4 229.2 312.2
Oct. 222.7 236.4 347.4
Nov. 220.5 247.9 366.7
Dec. 211.1 256.9 400.3
Average 239.2 229.7 309.9 438.1
Miscellaneous freight index
Month 2001 2002 2003 2004
Jan. 238.6 200.1 240.8 362.4
Feb. 232.0 201.1 240.3 376.2
March 230.6 206.3 247.2 372.2
April 231.1 209.2 250.7 361.6
May 236.0 206.8 264.6 353.6
June 237.6 205.7 264.2
July 230.3 205.3 267.3
Aug. 214.9 203.0 270.7
Sep. 212.6 210.2 274.9
Oct. 207.1 221.4 301.2
Nov. 203.8 226.4 322.9
Dec. 202.6 233.5 338.5
Average 223.1 210.7 273.6 365.2
56 SSMR June 2004
450
400
350
300
250
200
150
450
400
350
300
250
200
150
General freight index
1998 1999 2000 2001 2002 2003 2004
450
400
350
300
250
200
150
Grain freight index
1998 1999 2000 2001 2002 2003 2004
Miscellaneous freight index
1998 1999 2000 2001 2002 2003 2004
1972=100
ISL
ISL
ISL

I - 2 Freight market ISL
2.4 Maritime Research freight indices (continued)
Time charter index
Month 2001 2002 2003 2004
Jan. 244.5 214.2 262.9 535.7
Feb. 240.0 212.2 258.5 584.6
March 248.0 220.4 272.3 579.2
April 244.1 225.1 291.9 518.5
May 250.7 224.6 310.0 438.8
June 243.2 223.5 292.0
July 232.9 225.7 307.4
Aug. 220.6 226.5 306.9
Sep. 218.6 237.8 317.3
Oct. 215.9 244.4 408.6
Nov. 211.1 248.0 448.3
Dec. 209.8 258.6 489.6
Average 231.6 230.1 330.5 531.3
Time charter index ( 1 to 2 months)
Month 2001 2002 2003 2004
Jan. 256.6 214.1 274.5 583.9
Feb. 242.2 209.5 268.8 649.8
March 249.3 217.8 282.6 638.8
April 250.7 219.1 300.9 597.8
May 259.4 216.9 317.5 478.6
June 244.0 218.8 296.7
July 228.0 220.1 314.3
Aug. 216.0 216.5 310.3
Sep. 212.6 223.0 324.0
Oct. 210.3 244.6 405.8
Nov. 210.4 261.3 443.9
Dec. 209.2 271.4 500.8
Average 232.4 227.7 336.7 589.8
Time charter index (2 to 3 months)
Month 2001 2002 2003 2004
Jan. 228.0 200.7 248.6 539.8
Feb. 225.7 198.0 243.6 588.2
March 234.7 206.3 256.1 587.8
April 228.2 212.2 281.8 511.9
May 236.2 212.6 302.3 430.9
June 230.1 210.4 283.4
July 219.9 213.6 300.7
Aug. 206.5 216.2 301.0
Sep. 206.6 230.8 311.9
Oct. 203.8 234.2 411.3
Nov. 197.5 234.3 455.4
Dec. 195.9 243.7 498.6
Average 217.8 217.7 324.5 531.7
Time charter index (over 6 months)
Month 2001 2002 2003 2004
Jan. 304.2 276.8 313.0 465.8
Feb. 302.7 281.1 313.1 476.1
March 307.1 289.2 319.7 455.8
April 308.3 292.5 326.2 437.9
May 305.4 290.5 334.9 419.2
June 302.2 290.0 324.9
July 299.7 289.0 328.3
Aug. 292.1 287.5 328.7
Sep. 282.5 290.4 334.1
Oct. 279.5 291.3 399.4
Nov. 274.7 292.6 420.7
Dec. 275.3 309.7 431.3
Average 294.5 290.0 347.9 450.9
(Source: ISL Bremen 2004, based on data from Maritime Research Inc., Parlin N.J.)
600
500
400
300
200
100
650
550
450
350
250
150
600
500
400
300
200
100
600
500
400
300
200
100
Time charter index
1998 1999 2000 2001 2002 2003 2004
1 to 2 months
1998 1999 2000 2001 2002 2003 2004
2 to 3 months
1998 1999 2000 2001 2002 2003 2004
over 6 months
1998 1999 2000 2001 2002 2003 2004
1972=100
SSMR June 2004 57
ISL
ISL
ISL
ISL

II - 1 World shipbuilding ISL
1.1 Monthly shipbuilding contracts
1.1.1 Number of contracts by ship type March 2003 - June 2004
2003 Total 2004
Ships of 100 gt and over
Total
Ship type Mar. Apr. May June July Aug. Sep. Oct. Nov. Dec. 2003 Jan. Feb. Mar. Apr. May June 2004
Tanker 33 32 40 33 48 30 46 75 22 28 456 38 45 64 26 54 43 270
Bulk carrier 30 6 3 2 18 18 23 22 11 22 193 9 16 28 11 14 22 100
Container 19 32 17 19 44 21 29 27 39 29 325 53 48 23 26 50 40 240
General cargo 16 2 12 1 5 3 6 4 1 21 91 3 18 10 12 7 3 53
Cruise ferry - 2 3 - 3 - - - 1 - 14 3 1 3 2 - 5 14
Ferry 6 2 6 13 5 12 9 - 2 2 80 2 4 9 9 3 5 32
Total
Non merchant vessels
104 76 81 68 123 84 113 128 76 102 1159 108 132 137 86 128 118 709
Fishing 18 15 15 14 6 11 10 11 7 5 159 7 5 1 10 - 2 25
Naval 6 4 16 3 11 10 2 6 23 13 96 3 3 10 3 - - 19
Offshore support - 4 7 3 2 7 9 1 3 1 66 5 10 8 13 - 6 42
Rescue - 2 1 - - - - - - - 3 - - - - - - -
Training/research - 1 3 - - - - - 2 1 8 - - - - 1 1 2
Tug 4 3 3 - 1 20 - 2 - 3 38 5 1 4 19 10 6 45
Work boat 3 37 4 33 - 1 1 2 2 6 145 3 5 3 11 - 10 32
Barge 1 - - 16 - 3 - 4 31 5 63 1 1 7 1 - 1 11
Yacht 4 2 11 15 8 12 6 3 3 5 89 1 1 11 2 - 2 17
Other 2 1 2 - 1 2 2 - - - 15 - 1 - 2 1 - 4
Total non merchant
vessels
38 69 62 84 29 66 30 29 71 39 682 25 27 44 61 12 28 197
TOTAL 142 145 143 152 152 150 143 157 147 141 1841 135 159 181 147 140 146 908
1.1.2 By country of build and ship type during May 2004
Merchant Ships of 100 gt and over
(1) No
Source: ISL 2004; General based on cargo monthly data provided by Baird Publications dwt-% (Australia); share
Country of build (2) 1000 gt Tankers Bulk carriers Container ships
ships Passenger ships TOTAL of total
Italy (1) - - - - 1 1
(2) - - - - 85.0 85 1.4
Germany (1) - - - - 2 2
(2) - - - - 7.0 7.0 0.1
Poland (1) - - 7 - - 7
(2) - - 199.0 - - 199.0 3.3
Croatia (1) - - - - - -
(2) - - - - - - -
other Europe (1) 3 - - - 2 5
(2) 24.0 - - - - 24.0 0.4
Total Europe (1) 3 - 7 - 5 15
(2) 24.0 - 199.0 - 92.0 315.0 5.2
Korea, Rep. of (1) 27 - 13 - - 40
(2) 1758.0 - 803.2 - - 2561.2 42.0
Japan (1) 8 11 9 3 - 31
(2) 556.1 582.0 755.0 29.7 - 1922.8 31.5
China, PR of (1) 4 11 11 - - 26
(2) 244.4 594.5 462.0 - - 1300.9 21.3
other Asia (1) 1 - - - - 1
(2) 2.5 - - - - 2.5 0.0
Total Asia (1) 40 22 33 3 - 98
(2) 2561 1177 2020 30 - 5787.4 94.8
Others (1) - - - - 5 5
(2) - - - - - - -
TOTAL No
(1) 43 22 40 3 10 118
1000 gt (2) 2585.0 1176.5 2219.2 29.7 92.0 6102.4 100.0
Source: ISL 2004; based on monthly data provided by Baird Publications (Australia); Ships and Boats on Order
58 SSMR June 2004

II - 2 World shipbuilding - container ships ISL
2.1 Existing world fully cellular container fleet according to yard, year of build and TEU-size class
as of January 1st, 2004
Year of build Total
-1993 1994-1998 1999-2004
Ships of 300 gt and over
Shipbuilder No 1000 No 1000 No 1000 No 1000 =5000 No TEU
TEU TEU TEU TEU 2999 3999 4999
HYUNDAI (KRS) 50 121 63 231 111 532 224 884 - 2.7 0.9 1.9 1.8 7.4 13.8
SAMSUNG (KRS) 26 86 36 131 72 331 134 548 - 1.0 1.0 1.5 1.0 4.4 8.5
MITSUBISHI (JPN) 37 84 41 171 24 125 102 379 0.2 1.0 0.4 0.9 0.9 3.4 5.9
DAEWOO (KRS) 25 90 42 121 29 137 96 349 0.1 1.3 0.6 0.7 0.5 3.2 5.4
HANJIN (KRS) 17 38 33 91 56 211 106 339 0.4 1.2 - 1.0 0.8 3.5 5.3
ODENSE (DEN) 29 85 15 86 23 157 67 328 - 0.4 0.8 - 1.0 2.2 5.1
CHINA SB (TAIWAN) 51 132 42 80 42 106 135 318 0.1 3.1 1.1 - 0.1 4.4 5.0
ISHIKAWAJIMA (JPN) 39 106 23 111 11 63 73 281 0.1 0.7 0.3 0.9 0.5 2.4 4.4
HDW (GFR) 44 108 21 69 3 5 68 182 0.2 0.9 1.0 0.2 - 2.2 2.8
SZCZECINSKA (POL) 18 19 76 109 25 51 119 179 0.2 3.5 0.2 - - 3.9 2.8
KOYO (JPN) 11 39 4 18 20 103 35 160 - 0.1 0.4 0.1 0.5 1.2 2.5
VULKAN (b) (GFR) 58 101 27 58 - - 85 159 0.2 2.0 0.5 0.1 - 2.8 2.5
GDYNIA (POL) - - 37 68 25 66 62 134 - 1.9 0.1 0.1 - 2.0 2.1
KVAERNER (NOR) 8 14 24 53 19 57 51 124 - 1.6 - - 0.1 1.7 1.9
KAWASAKI (JPN) 13 34 12 54 5 26 30 114 - 0.4 0.3 - 0.4 1.0 1.8
OTHERS 764 841 515 575 370 530 1649 1945 27.6 24.6 1.4 0.4 0.4 54.3 30.3
TOTAL
of which
1190 1897 1011 2026 835 2501 3036 6424 29.1 46.4 8.9 7.7 7.9 100.0 100.0
Asia 638 1123 619 1339 604 1947 1861 4409 17.6 23.6 6.1 7.4 6.8 61.3 68.6
Europe 511 708 387 679 228 1936 1126 3323 11.2 21.7 2.7 0.3 1.1 37.1 51.7
Others 41 67 5 7 3 79 49 152 0.3 1.2 0.1 - - 1.6 2.4
(Source: ISL Bremen 2004, based on quarterly updates from LR/Fairplay)
Size groups (TEU) as %-share of
total No of ships (a)
(a) Excluding 14 ships of which TEU-size is unknown.
(b) Excluding Schichau (1986), Seebeck (1987), Flender Werft A.G. (1990), MTW Schiffswerft GmbH (1992),Volkswerft (1993). 17 vessels were delivered in 1996
and 12 in 1997. The disintegration of the Vulkan Group started in 1996, therefore these 29 vessels were not included in the 'Vulkan Group'.
Fig. II-1: Container and general cargo fleet - order book as of January 1st, 1995 - 2004 (in 1000 cgt)
% - share of
TOTAL
ISL2004
SSMR June 2004 59

II - 3 Ship type survey - general cargo ships ISL
3.1 General cargo ships on order
3.1.1 Order book development by type 2003 and 2004
Ship type Order book
Ships of 300 gt and over
Additions to order book (per quarter)
1000 1000 1000 cgt % change
1000 1000 1000 cgt % change
Period No dwt gt cgt over prev. period No dwt gt cgt over prev.
SINGLE-DECK & MULTI-DECK SHIPS
2003 January, 1st 281 2975 2184 2200 6.1 46 669 489 445 26.1
April, 1st 275 3034 2223 2222 1.0 32 286 213 230 -48.2
July, 1st 273 2891 2120 2150 -3.3 26 207 151 165 -28.3
October, 1st 284 2905 2124 2204 2.5 44 529 365 354 114.1
Average 2003 278 2951 2163 2194 5.8 37 423 304 299 54.2
2004 January, 1st 309 3129 2282 2400 8.9 49 455 324 371 5.0
April, 1st 331 3219 2316 2469 2.8 71 519 364 439 18.1
Average 2004 320 3174 2299 2435 11.0 60 487 344 405 35.6
SPECIAL SHIPS
2003 January, 1st 33 446 1014 702 123.9 12 190 484 323 404.0
April, 1st 34 502 1152 730 3.9 4 46 153 94 -70.9
July, 1st 57 938 2454 1464 100.7 24 433 1302 744 690.7
October, 1st 72 1196 3302 1994 36.2 17 267 864 542 -27.2
Average 2003 49 771 1981 1222 356.1 14 234 701 426 997.7
2004 January, 1st 70 1237 3444 2058 3.2 10 116 353 220 -59.3
April, 1st 76 1367 3814 2265 10.1 10 160 438 261 18.2
Average 2004 73 1302 3629 2162 76.8 10 138 396 240 -43.5
REEFER SHIPS
2003 January, 1st 8 78 89 116 - - - - - ...
April, 1st 8 78 89 116 - - - - - ...
July, 1st 8 78 89 116 -0.1 1 5 5 7 ...
October, 1st 7 73 85 109 -5.9 - - - - ...
Average 2003 8 77 88 114 17.0 0 1 1 2 -89.6
2004 January, 1st 6 67 78 99 -8.9 - - - - ...
April, 1st 7 62 66 87 -12.7 1 5 5 7 ...
Average 2004 7 64 72 93 -18.6 1 2 2 3 97.8
RO-RO CARGO SHIPS
2003 January, 1st 61 869 2121 1684 4.1 12 170 428 336 -19.3
April, 1st 55 747 1859 1488 -11.6 2 20 56 48 -85.7
July, 1st 58 749 1828 1454 -2.3 7 50 111 92 91.6
October, 1st 53 685 1682 1334 -8.3 - - - - -100.0
Average 2003 57 762 1873 1490 3.4 5 60 149 119 -46.0
2004 January, 1st 53 693 1603 1260 -5.5 10 130 231 179 ...
April, 1st 46 578 1330 1051 -16.6 3 23 52 45 -74.8
Average 2004 50 635 1466 1156 -22.4 7 76 142 112 -6.2
TOTAL GENERAL CARGO SHIPS
2003 January, 1st 383 4367 5408 4702 14.1 70 1029 1401 1104 23.5
April, 1st 372 4362 5323 4556 -3.1 38 352 422 373 -66.3
July, 1st 396 4655 6491 5183 13.8 58 696 1568 1008 170.6
October, 1st 416 4859 7193 5640 8.8 61 796 1229 895 -11.2
Average 2003 392 4561 6104 5020 29.4 57 718 1155 845 80.0
2004 January, 1st 438 5126 7407 5818 3.1 69 701 909 770 -14.0
April, 1st 460 5226 7527 5872 0.9 85 707 859 751 -2.5
Average 2004 449 5176 7467 5845 16.4 77 704 884 761 -10.0
60 SSMR June 2004

II - 3 Ship type survey - general cargo ships ISL
3.1.2 By major types and countries of build as of January 1st, 2004
Countries
Single-deck & Multi- Special ships Reefer ships Ro-Ro cargo ships
Ships of 300 gt and over
TOTAL
of build deck ships
General cargo ships cgt-%
share
cgt-rank No 1000 1000 No 1000 1000 No 1000 1000 No 1000 1000 No 1000 1000 of
cgt gt cgtgt cgtgt cgtgt cgtgttotal Japan 40 483 556 44 1479 2518 - - - 5 162 197 89 2124 3270 36.5
China, PR of 65 565 558 8 225 345 - - - 4 45 53 77 836 956 14.4
Poland 19 281 354 - - - - - - 16 538 752 35 819 1106 14.1
Romania (a) 29 231 196 2 19 19 - - - 2 25 24 33 276 239 4.7
Korea, Rep. of 4 22 16 8 246 459 - - - - - - 12 269 475 4.6
Netherlands 44 215 165 2 30 30 - - - 1 2 1 47 247 196 4.2
Italy - - - 2 41 55 - - - 8 152 204 10 193 259 3.3
Germany, FR of 2 15 11 - - - - - - 6 177 182 8 192 193 3.3
Russia 22 157 125 - - - - - - - - - 22 157 125 2.7
Croatia 8 34 18 - - - - - - 3 101 126 11 134 144 2.3
Ukraine 14 77 57 - - - 4 56 43 - - - 18 133 100 2.3
Turkey 12 65 47 - - - - - - 1 8 7 13 72 54 1.2
US 5 39 28 - - - - - - 1 32 40 6 71 68 1.2
Slovakia 14 63 39 - - - - - - - - - 14 63 39 1.1
Bulgaria 8 58 43 - - - - - - - - - 8 58 43 1.0
Viet Nam 13 56 42 - - - - - - - - - 13 56 42 1.0
Portugal - - - - - - 2 44 35 - - - 2 44 35 0.8
Egypt - - - - - - - - - 2 14 14 2 14 14 0.2
Yugoslavia 3 12 9 - - - - - - - - - 3 12 9 0.2
Spain - - - 1 11 15 - - - - - - 1 11 15 0.2
Others 7 26 18 3 6 3 - - - 4 5 3 14 36 24 0.6
TOTAL
%-share
309 2400 2282 70 2058 3444 6 99 78 53 1260 1603 438 5818 7407 100.0
of total
of which
70.5 41.3 30.8 16.0 35.4 46.5 1.4 1.7 1.1 12.1 21.7 21.6 100.0 100.0 100.0
Europe 167 1156 1023 7 102 119 6 99 78 36 994 1289 216 2351 2510 40.4
Asia 136 1197 1221 62 1955 3324 - - - 14 220 260 212 3371 4806 58.0
Others 6 47 37 1 1 1 - - - 3 46 54 10 95 92 1.6
(a) thereof 22 ships totalling 209,000 cgt by Daewoo-Mangalia
3.1.3 By major types and yards as of January 1st, 2004
Ships of 300 gt and over
Yard Single-deck & Multi- Special ships Reefer ships Ro-Ro cargo ships
TOTAL
cgt-%
deck ships
General cargo ships share
cgt-rank No 1000 1000 No 1000 1000 No 1000 1000 No 1000 1000 No 1000 1000 of
cgt gt cgtgt cgtgt cgtgt cgtgttotal Kanasashi (Japan) - - - 21 773 1275 - - - 3 142 178 24 915 1417 15.7
Gdynia (Poland) 4 91 130 - - - - - - 12 458 652 16 550 589 9.4
Daewoo (Korea) (a) 18 165 147 10 265 478 - - - 2 25 24 30 455 650 7.8
Mitsubishi (Japan) - - - 10 339 586 - - - 1 11 11 11 350 598 6.0
Imabari (Japan) - - - 6 207 377 - - - - - - 6 207 377 3.6
Flensburger (Germany) - - - - - - - - - 6 177 182 6 177 177 3.0
Damen (Netherlands) 24 129 103 2 30 30 - - - - - - 26 159 133 2.7
Xiamen (China, PR of) 2 39 46 4 117 180 - - - - - - 6 156 226 2.7
Szczecinska (Poland) 4 64 72 - - - - - - 4 79 99 8 143 151 2.5
Fincantieri (Italy) - - - 2 41 55 - - - 2 82 117 4 123 137 2.1
Others 257 1912 1784 15 285 463 6 99 78 23 285 339 301 2581 2664 44.4
TOTAL 309 2400 2282 70 2058 3444 6 99 78 53 1260 1603 438 5818 7407 100.0
(a) Incl. Daewoo-Mangalia (Romania).
Continued
SSMR June 2004 61

II - 3 Ship type survey - container ships ISL
3.2 Fully cellular container ships on order
3.2.1 Order book development 2003 and 2004 (quarterly)
Quarter
ships of
No of which TEU
ships available
1000
gt
Ships of 300 gt and over
2003
January, 1st 316 ( 316 ) ( 1109 ) 14244 12578 8749 9.4 67 ( 50 ) ( 213 ) 3186 2744 1910 23.1
April, 1st 333 ( 318 ) ( 1263 ) 16351 14277 9828 12.3 62 ( 60 ) ( 292 ) 3758 3222 2164 13.3
July, 1st 372 ( 356 ) ( 1447 ) 18658 16202 11098 12.9 95 ( 86 ) ( 352 ) 4576 4050 2757 27.4
October, 1st 489 ( 466 ) ( 1976 ) 25823 22717 15459 39.3 140 ( 135 ) ( 635 ) 8227 7332 4946 79.4
Average 378 ( 364 ) ( 1449 ) 18769 16444 11284 38.6 91 ( 83 ) ( 373 ) 4937 4337 2944 64.2
2004
January, 1st 588 ( 574 ) ( 2487 ) 31348 27622 18782 21.5 148 ( 143 ) ( 592 ) 7511 6545 4501 -9.0
April, 1st 662 ( 636 ) ( 2831 ) 36214 31679 21469 14.3 116 ( 101 ) ( 454 ) 6338 5456 3698 -17.8
Average 625 ( 605 ) ( 2659 ) 33781 29651 20126 78.4 132 ( 122 ) ( 523 ) 6924 6000 4099 39.2
3.2.2 By country of build as of January 1st, 2004
Ships of 300 gt and over
Country of build No of % share
1000 % share 1000 % share 1000 % share 1000 % share
cgt-rank ships of total
cgt of total gt of total dwt of total TEU of total
Korea, Rep.of 278 47.3 11559 61.5 17525 63.4 19720 62.9 1567 63.0
Japan 65 11.1 2297 12.2 3415 12.4 3673 11.7 299 12.0
China, PR of 83 14.1 1439 7.7 1899 6.9 2248 7.2 176 7.1
Germany, FR of 64 10.9 1065 5.7 1359 4.9 1740 5.6 129 5.2
Taiwan 24 4.1 742 3.9 1121 4.1 1260 4.0 101 4.1
Poland 26 4.4 701 3.7 983 3.6 1144 3.6 86 3.5
Denmark 9 1.5 406 2.2 624 2.3 781 2.5 66 2.6
Singapore 5 0.9 111 0.6 140 0.5 139 0.4 13 0.5
Brazil 4 0.7 109 0.6 142 0.5 146 0.5 11 0.4
Iran 5 0.9 90 0.5 120 0.4 150 0.5 11 0.4
Romania 7 1.2 84 0.4 96 0.3 118 0.4 9 0.4
US 4 0.7 79 0.4 101 0.4 99 0.3 10 0.4
Netherlands 5 0.9 40 0.2 38 0.1 51 0.2 4 0.2
Ukrainia 2 0.3 18 0.1 15 0.1 19 0.1 1 0.0
Turkey 3 0.5 18 0.1 17 0.1 28 0.1 2 0.1
Viet Nam 2 0.3 17 0.1 19 0.1 25 0.1 2 0.1
Indonesia 2 0.3 8 0.0 7 0.0 8 0.0 0 0.0
TOTAL
of which
588 100.0 18782 100.0 27622 100.0 31348 100.0 2487 100.0
Europe 113 19.2 2314 12.3 3116 11.3 3852 12.3 295 11.8
Asia 467 79.4 16280 86.7 24264 87.8 27251 86.9 2172 87.3
Others 8 1.4 188 1.0 243 0.9 245 0.8 21 0.8
3.2.3 By yard of build as of January 1st, 2004
Order book Additions to order book (per quarter)
1000
TEU
1000
dwt
1000
cgt
cgt %
change over
prev. period
ships of
which TEU
available
cgt %
change over
prev. period
Yard No-% cgt-% gt-% dwt-%
Ships of 300 gt and over
TEU-%
No of
share 1000 share 1000 share 1000 share 1000 share
cgt-rank ships of total cgt of total gt of total dwt of total TEU of total
Hyundai, (Korea, Rep. of) 144 24.5 5999 31.9 9090 32.9 9778 31.2 805 32.4
Samsung, (Korea, Rep. of) 60 10.2 2943 15.7 4528 16.4 5171 16.5 409 16.4
Hanjin Heavy Ind., (Korea, Rep. of) 37 6.3 1449 7.7 2198 8.0 2623 8.4 198 8.0
Daewoo, (Korea, Rep. of) 22 3.7 898 4.8 1362 4.9 1694 5.4 121 4.9
Ishikawajima-Harima Heavy Ind. (Japan) 16 2.7 818 4.4 1251 4.5 1395 4.5 117 4.7
China SB Corp. (Taiwan) 24 4.1 742 3.9 1121 4.1 1260 4.0 101 4.1
Koyo Dockyard (Japan) 14 2.4 621 3.3 955 3.5 967 3.1 81 3.2
Mitsubishi Heavy Ind., (Japan) 15 2.6 620 3.3 929 3.4 967 3.1 81 3.3
Aker MTW (Germany) 27 4.6 510 2.7 670 2.4 895 2.9 66 2.6
Hudong Shipyard (China, PR of) 14 2.4 473 2.5 728 2.6 827 2.6 67 2.7
Others 215 36.6 3710 19.8 4792 17.3 5770 18.4 442 17.8
TOTAL 588 100.0 18782 100.0 27622 100.0 31348 100.0 2487 100.0
No of
ships
62 SSMR June 2004
1000
TEU
1000
dwt
1000
gt
1000
cgt

II - 3 Ship type survey - container ships ISL
3.2.4 By division of TEU-size class as of January 1st, 2003
Ships of 300 gt and over
No-% cgt-% gt-% TEU-%
TEU No of share 1000 share 1000 share 1000 share
size-class ships of total cgt of total gt of total TEU of total
unknown 14 2.4 124 0.7 125 0.5 - -
< = 1499 85 14.5 785 4.2 826 3.0 79 3.2
1500 - 1999 33 5.6 501 2.7 593 2.1 56 2.2
2000 - 2499 40 6.8 785 4.2 1035 3.7 96 3.9
2500 - 2999 63 10.7 1347 7.2 1789 6.5 168 6.8
3000 - 3499 29 4.9 765 4.1 1027 3.7 92 3.7
3500 - 3999 7 1.2 225 1.2 320 1.2 26 1.1
4000 - 4499 67 11.4 1923 10.2 2958 10.7 282 11.3
4500 - 4999 28 4.8 989 5.3 1513 5.5 135 5.4
5000 - 5499 34 5.8 1277 6.8 1956 7.1 171 6.9
5500 - 5999 40 6.8 1732 9.2 2665 9.6 225 9.0
6000 - 6499 11 1.9 536 2.9 825 3.0 70 2.8
6500 - 6999 18 3.1 874 4.7 1344 4.9 120 4.8
7000 - 7999 33 5.6 1799 9.6 2768 10.0 253 10.2
> = 8000 86 14.6 5120 27.3 7878 28.5 714 28.7
TOTAL 588 100.0 18782 100.0 27622 100.0 2487 100.0
3.2.5 By yard of build and division of TEU-size as of January 1st, 2004
(Source: ISL Bremen 2004, based on quarterly updates from LR/Fairplay)
Ships of 300 gt and over
(1) No TEU-size class
Yard =8000
Hyundai, (Korea, Rep. of) (1) - - - 22 6 13 18 21 5 6 6 25 22 144
(2) - - - 472 168 394 633 814 223 291 291 1409 1304 5999
Samsung, (Korea, Rep. of) (1) - - - - - 16 - - 8 - - - 36 60
(2) - - - - - 415 - - 359 - - - 2169 2943
Hanjin Heavy Ind., (Korea, Rep. of) (1) - 2 - - 5 - 8 13 - - - - 9 37
(2) - 33 - - 144 - 281 463 - - - - 528 1449
Daewoo, (Korea, Rep. of) (1) 2 2 1 - - 6 - - - - 2 - 9 22
(2) 18 28 20 - - 179 - - - - 98 - 556 898
Ishikawajima-Harima Heavy Ind. (Japan) (1) - - - - - - 1 - - 2 - 8 5 16
(2) - - - - - - 40 - - 99 - 390 289 818
China SB Corp. (Taiwan) (1) - 4 - - - 11 - - 9 - - - - 24
(2) - 56 - - - 310 - - 376 - - - - 742
Koyo Dockyard (Japan) (1) - - - - - - - - 11 3 - - - 14
(2) - - - - - - - - 474 147 - - - 621
Mitsubishi Heavy Ind., (Japan) (1) - - 4 - - - 1 - - - 10 - - 15
(2) - - 100 - - - 35 - - - 486 - - 620
Aker MTW (Germany) (1) 2 - 17 8 - - - - - - - - - 27
(2) 19 - 323 168 - - - - - - - - - 510
Hudong Shipyard (China, PR of) (1) - - - - - 8 - - 6 - - - - 14
(2) - - - - - 215 - - 258 - - - - 473
Others (1) 95 25 18 33 25 13 - - 1 - - - 5 215
(2) 872 384 342 707 678 409 - - 43 - - - 274 3710
TOTAL (1) 99 33 40 63 36 67 28 34 40 11 18 33 86 588
(2) 909 501 785 1347 990 1923 989 1277 1732 536 874 1799 5120 18782
% share of total (1) 16.8 5.6 6.8 10.7 6.1 11.4 4.8 5.8 6.8 1.9 3.1 5.6 14.6 100.0
(2) 4.8 2.7 4.2 7.2 5.3 10.2 5.3 6.8 9.2 2.9 4.7 9.6 27.3 100.0
(a) inclusive 14 Ships with 124.5 cgt of which TEU is unknown
SSMR June 2004 63

III - 1 Port surveys - container ports ISL
1.1 World container port traffic by country 1995 - 2002
TEU-%
in 1000 TEU
average
change growth
2002 (2001) over rate in %
rank (rank) Country 1995 1996 1997 1998 1999 2000 2001 2002 prev. year 1995-2002
1 (1) China, PR of + 17232 18698 19929 24708 29392 40984 44726 55717 24.6 18.3
(Hong Kong) + ... ... ... ... ... ... ... ... ... ...
2 (2) US + 19104 21777 21766 24165 25165 27315 27308 29679 8.7 6.5
3 (3) Singapore + 11846 12944 14135 15136 15999 17096 15573 16986 9.1 5.3
4 (4) Japan + 10604 11033 10847 10523 12104 13130 12981 13501 4.0 3.5
5 (5) Taiwan 7849 7866 8516 8858 9758 10511 10426 11605 11.3 5.7
6 (6) South Korea + 4503 5078 5637 6460 7303 9030 9287 11543 24.3 14.4
7 (7) Germany, FR of + 4451 4766 5916 6128 6662 7696 8427 9122 8.3 10.8
8 (8) Italy + 2992 3768 4690 5857 6022 6919 7073 7918 11.9 14.9
9 (10) Malaysia + 2075 2550 2843 3026 3978 4642 6225 7542 21.2 20.2
10 (11) UK + 4726 5676 6111 6520 6120 6435 7058 7060 0.0 5.9
11 (9) Netherlands + 4880 5117 5638 6062 6529 6407 6227 6742 8.3 4.7
12 (12) Spain 3165 3455 4102 4757 5171 5790 6156 6669 8.3 11.2
13 (14) UAE + 3512 3750 3654 4448 4850 5056 5082 5872 15.6 7.6
14 (13) Belgium 2863 3211 3616 4053 4475 5058 5110 5758 12.7 10.5
15 (16) Indonesia + 2048 1764 2479 2000 3552 3798 3902 4540 16.4 12.0
16 (15) Australia + 2280 2484 2668 2845 3092 3543 3775 4272 13.2 9.4
17 (17) Thailand 1962 2052 2124 2639 2892 3179 3387 3801 12.2 9.9
18 (20) Canada 1740 1996 2212 2355 2703 2928 2890 3300 14.2 9.6
19 (19) France + 1693 1841 2166 2496 2663 2923 2998 3278 9.3 9.9
20 (18) Philippines + 1892 2336 2492 2442 2966 3032 3091 3271 5.8 8.1
21 (22) India + 1360 1506 1738 1989 2064 2451 2765 3243 17.3 13.2
22 (21) Brazil + 1414 1424 1377 1437 2182 2413 2324 2923 25.8 10.9
23 (28) Saudi Arabia + 1090 1148 1287 1367 1448 1503 1677 1930 15.1 8.5
24 (23) Panama + 484 617 1581 1426 1262 1357 1590 1852 16.4 21.1
25 (25) South Africa 1360 1431 1467 1658 1342 1847 2021 1802 -10.9 4.1
26 (29) Turkey + 738 675 718 1262 1325 1592 1527 1777 16.4 13.4
27 (26) Sri Lanka 1029 1356 1687 1714 1704 1733 1727 1765 2.2 8.0
28 (30) Greece + 811 737 845 1120 1187 1391 1412 1660 17.6 10.8
29 (32) Mexico + 557 683 832 669 1127 1162 1358 1562 15.0 15.9
30 (31) Israel 888 990 1090 854 1254 1316 1378 1461 6.0 7.4
31 (24) Puerto Rico 1626 1630 1972 2071 2150 1946 1886 1426 -24.4 -1.9
32 (33) Oman 142 ... ... 139 774 1190 1332 1415 6.3 38.9
33 (36) New Zealand + 793 894 950 887 994 1067 1139 1414 24.1 8.6
34 (35) Malta 554 632 704 1119 1091 1082 1206 1289 6.9 12.8
35 (27) Egypt + 1063 911 994 805 1415 1626 1709 1223 -28.4 2.0
36 (34) Chile + 540 633 711 759 1099 1253 1081 1147 6.2 11.4
37 (39) Canary Islands + 536 577 843 739 1002 1029 1077 1158 7.5 11.6
38 (40) Finland + 548 650 767 712 657 928 1019 1092 7.2 10.4
39 (41) Venezuela + 215 245 606 830 755 675 924 1078 16.7 25.9
40 (42) Jamaica 395 478 497 671 608 766 983 1065 8.3 15.2
41 (38) Hawaiian Islands + 577 731 875 844 545 1021 1047 ... ... ...
42 (44) Portugal 444 510 522 596 611 670 734 970 32.2 11.8
43 (45) Pakistan 551 555 505 701 697 775 879 966 9.9 8.4
44 (43) Sweden + 734 770 797 780 849 884 851 915 7.5 3.2
45 (37) Argentina + 254 530 720 807 1122 1145 1021 847 -17.0 18.8
46 (56) Russia 167 239 292 215 249 316 609 796 30.6 25.0
47 (46) Ireland 745 1050 1192 1289 663 721 722 775 7.4 0.6
48 (47) Colombia ... ... ... 420 730 792 577 603 4.5 ...
49 (49) Iran 174 244 260 326 331 428 602 ... ... ...
50 (52) Ivory Coast 261 310 416 469 354 434 544 579 6.5 12.0
51 (48) Bahamas ... ... ... ... 544 572 ... ... ... ...
52 (50) Costa Rica + 195 212 227 ... 590 574 564 ... ... ...
53 (53) Peru ... ... 322 378 376 461 538 ... ... ...
54 (55) Ecuador 285 323 376 407 400 414 414 463 11.6 ...
55 (51) Denmark + 467 476 477 446 497 569 457 457 0.0 -0.3
56 (54) Dominican Rep. + ... ... ... ... ... 566 488 431 -11.7 ...
57 (57) Morocco + 194 213 211 261 296 329 347 376 8.4 9.9
58 (59) Lebanon 129 259 310 290 271 263 299 299 -0.2 12.8
59 (58) Uruguay + 138 ... ... ... 250 287 302 293 -2.9 11.4
60 (60) Cyprus + 374 564 403 214 239 259 243 234 -3.9 -6.5
Others 4277 4387 3632 2347 5178 3946 5697 6877
137239 150752 163744 178495 203207 231689 243815 266337 9.2 9.9
+ compare footnotes and remarks on page 61
64 SSMR June 2004

III - 1 Port surveys - container ports ISL
1.1 World container port traffic by country 1995 - 2002 (continued)
1997 Figures not available for Latvia, Uruguay, Russia and Guam.
1998 Figures not available for Costa Rica and Ivory Coast.
1999 Figures not available for: Angola, Antigua & Barbuda, Austria, Benin, Gambia, Guam, Haiti, Honduras, Madeira, Switzerland and Ukraine.
2000 Others include Bahrain, Bangladesh, Barbados, Fiji, Gibraltar, Guadeloupe, Guinea, Hungary, Martinique, New Caledonia, Saint Lucia,
Tanzania, Trinidad & Tobago.
2001 Others exclude Bahamas, Cameroon, Croatio, Kenya, Lebanon, Montenegro, Myanmar, Namibia, Nicaragua.
2002 Others exclude Brunei, Costa Rica, Hawai, Honduras, Iran, Kuwait, Peru, Seychelles.
Footnotes (+) in alphabetical order:
Argentina 2000: excl. La Plata, Puerto Deseado, Rosario, Ushuaia, Zarate;
Australia: 1996: excl.Gladstone;
Brazil: 1994: excl. Manaus, Recife; 1995: estimate; 1996: excl. Belem, Fortaleza, Ilheus;1997: excl. Salvador; 1998: excl. Paranagua; 2001: excl.
Rio de Janairo, excl. Suape;
Canary Islands: 1995: excl. Arrecife, Rosario; 2001: excl. Santa Cruz de la Palma;
Chile: 2000: excl. Chanaral, Talcahuano; 2001: excl. San Vincente;
China PR of: 1995: excl. Huangpu; 1996: excl. Chiwan, Dalian, Foshan, Fuzhou, Nanjing, Ningbo, Qingdao, Qinhuangdao, San Shan; since 1995 incl.
Hong Kong; 1997: excl. Gaolan, Tianjin, Xiamen; Separate figures for Hong Kong: TEU; TEU; 1995: 12550 TEU; 1996: 13460 TEU;
average growth rate 1991-1996: 16.9%; TEU-% change over prev. year: 7.3%; 2000: excl. Zhanijang; 2001: excl. Gaolan, Jiangmen,
Jiuzhou, San Shan, Shantou, Shekou; 2002 excl. Shantou
Costa Rica: 1995 and 1996: units only; 1997: estimated units only;
Cyprus: 1994: excl. Famagusta;
Denmark 2000: excl. Esbjerg;
Domenican Republic: 2001: excl. Boca Chica, Puerto Plata, Santo Domingo;
Egypt: 1996: excl. Alexandria; 2002: excl. Port Said;
Finland: 1994: excl. Hamina;
France: 1997: excl. Bordeaux; 2000: excl. Sete;
Germany: 1995: excl. Emden; 1998: excl. Germersheim; 2000: excl. Emmerich; 2001: excl. Lubeck; 2002 excl. Mnnheim;
Greece 2000: excl. Heraklion;
Hong Kong until 1994 Hong Kong is included in Others and from 1995 in China, PR of; see remark China, PR of.;
Iceland: 1994: Reykjavik only;
India: 1996: excl. Cochin; 1997: excl.Kochi; 2001: excl. Cochin, Kandla;
Indonesia: 1996: excl. Tanjung Perak;1997: excl. Tanjung Perak;
Italy: 1997: excl. Salerno; 1998: excl. Naples; 2001: excl. Brindisi
Japan: 1996: excl. Chiba, Hachinohe, Hitachi, Hoshohima, Imabari, Iwakuni, Kanazawa, Komatsu, Maizuru, Matsuyama, Naoetsu, Sakaiminato,
Shibushi, Tokuyama, Toyama Shinko, Tsuruga, Wakayama; 1997: excl. Akita; 1998: excl. Kanazawa, Maizuru, Mitajiri, Toyama Shinko;
1999: excl. Chiba, Hachinohe, Kawasaki, Shimonoseki, Yokkaichi; 2001: excl. Kanazawa; 2002: excl. Hitachi;
Latvia: 1996: annualised part year figure;
Malaysia: 1997: excl. Sandakan; 2001: excl. Penang; 2002: excl. Kota Kinabalu;
Mexico: 1995: excl. Acapulco, Mazatlun, Progreso, Salina Cruz; 1998: excl. Manzanillo;
Morocco: 1996: excl. Tangier; 1997: excl. Tangier; 2001: excl. Tangier;
Netherlands 2000: excl. Flushing, Nijmegen;
Netherlands: 1998: excl. Born; 2002: excl. Flushing;
New Zealand: 1996: excl. Wellington;1997: excl. Onehunga; 1998: excl. Onehunga; 2001: excl. Onehunga;
Panama: 1998: excl. Balboa, Cristobal, Las Minas Bay; 2002; excl. Cristobal;
Philippines: 1997: excl. Subic Bay;
Poland: 1994: excl. Gdansk; 1996: excl. Gdansk; 1997: excl. Gdansk; 1998: excl. Gdansk; 1999: excl. Gdansk;
Saudi Arabia: 1998: excl. Jubail; 2002: excl. Janbu;
Singapore since 2000 incl.Jurong;
South Korea: 1995: Busan only; 2002 excl. Inchon;
Sweden: 2001: excl. Vasteras;
Trinidad & Tobago: 1997: excl. Point Lisas;
Turkey: 1996: excl. Bandirma, Gemport, Iskenderun, Mersin, Samsun;1997: excl. Gemport, Haydarpasa, Iskenderun, Mersin; 1998: excl. Izmir;
UAE: 1994: excl. Mina Saqr;1997: excl. Fujairah; 2001: excl. MinaZayed;
UK: 1995: excl. Larne, Teesport; 1996: excl. Larne, Harrwich, Immingham; 1997: excl. Grimsby, Ipswich; 1998: excl. Bristol, Clideport,
Grangemoutj, Swansea, Warrenpoint; 1999: excl. Boston, Cardiff, Dartford, Dover, Tyne; 2000: excl.Purfleet; 2001: excl. Belfast, Harwich;
2002: excl.Datrford, Purfleet;
Uruguay: 1996: estimate;
US: Since 1994: excl. Hawaiian Islands; 1995: excl. Wilmington DE, Lake Charles, Anchorage; 1996 & 1997: excl. Beaumont, Brunswick,
Lake Charles average growth rate 1991- 1996: incl. Hawaiian Is.: total value 1996: 21319 TEU, average growth rate: 6,5%; 2002 excl.
Venzuela: 1994: Puerto Cabello only; 2000: excl. Maracaibo; 2002: excl. La Guaria;
(Source: Compiled from Containerisation International Yearbook 2004 and various previous issues)
SSMR June 2004 65

III - 1 Port surveys - container ports ISL
1.2 Total container traffic of selected ports by region 1999-2003
1.2.1 America
Port Tare
(1) Total containers handled (in 1000)
(2) Container tonnage (in 1000 t)
% change
over
prev.
Av.
growth
degree of
containerisation
(a)
(Country) Period Unit weight 1999 2000 2001 2002 2003 Period rate
2003
Los Angeles (1) FY TEU 4354 4998 5634 6106 7179 17.6 13.3 ...
(US) (2) ... ... ... ... ... ... ... ... ...
Long Beach (1) CY TEU 4408 4601 4463 4526 4658 2.9 1.4 96.9
(US) (2) RT excl. 81033 87193 83728 82133 81400 -0.9 0.1
New York / New Jersey (1) CY TEU 2829 3050 3316 3749 4068 8.5 9.5 ...
(US) (2) MT excl. ... ... ... ... ... ... ...
Oakland (c) (1) CY TEU 1664 1777 1644 1708 1923 12.6 3.7 99.8
(US) (2) RT excl. 13 22814 21215 21667 24397 12.6 563.3
Tacoma (d) (1) CY TEU 1271 1376 1324 1471 1738 18.2 8.1 96.8
(US) (2) MT excl. 7202 7374 7374 9225 11148 20.8 11.5
San Juan (b) (1) FY TEU 1884 1830 1740 1690 1666 -1.4 -3.0 82.4
(Puerto Rico) (2) MT excl. 6627 6584 6189 6585 6590 0.1 -0.1
Port of Virginia (1) CY TEU 1307 1348 1304 1438 1646 14.5 5.9 100.0
(US) (2) MT excl. 10117 10857 10475 11642 12694 9.0 5.8
Santos (1) CY TEU 775 945 1048 1224 1560 27.4 19.1 74.1
(Brazil) (2) MT incl 8651 10469 11335 13456 16783 24.7 18.0
Vancouver (1) CY TEU 1070 1163 1147 1458 1539 5.5 9.5 79.0
(Canada) (2) MT excl. 9004 9978 10073 12031 12615 4.9 8.8
Savannah (1) FY TEU 849 1018 1077 1328 1521 14.6 15.7 ...
(US) (2) MT excl. 6303 6961 ... ... 10045 ... 12.4
Seattle (1) CY TEU 1490 1488 1315 1439 1486 3.3 -0.1 98.2
(US) (2) MT excl. 10718 11664 9942 9704 9791 0.9 -2.2
Houston (1) CY TEU 1031 1074 1058 1147 1244 8.4 4.8 ...
(US) (2) MT excl. 9006 9648 9181 9888 10813 9.4 4.7
Kingston (c) (1) CY TEU 689 766 859 927 1140 23.0 13.4 88.4
(Jamaica) (2) MT excl. 5239 6907 6683 7393 8115 9.8 11.6
Montreal (1) CY TEU 993 1014 989 1055 1109 5.1 2.8 95.9
(Canada) (2) MT excl. 9148 9205 8718 9446 9755 3.3 1.6
Miami (1) FY TEU 778 868 956 981 1041 6.2 7.6 ...
(US) (2) MT incl 6076 7800 7906 8113 7875 -2.9 6.7
(a) Degree of containerisation calculated on the basis of total general cargo traffic.
(b) Excluding transhipment. (c) Including transhipment counted incoming only. (d) Container tonnage includes weight of empty containers.
Fig. III - 1: Container traffic at major American ports by region 1994-2003 (TEU index)
Note: Based on number of containers handled at the major ports which are presendet in table 1.2.1.
Source: ISL Port Data Base 2004 ©
66 SSMR June 2004
ISL2004

III - 1 Port surveys - container ports ISL
1.2.2 Asia
(1) Total containers handled (in 1000)
Port Tare (2) Container tonnage (in 1000 t)
(Country) Period Unit weight 1999 2000 2001 2002 2003
Hong Kong (1) CY TEU 16211 18098 17826 19144 20449 6.8 6.0 86.8
(China, PR of) (2) MT excl. 110097 120959 122008 133151 146916 10.3 7.5
Singapore (1) CY TEU 15945 17087 15571 16941 18411 8.7 3.7 92.7
(Singapore) (2) FT excl. 176711 185857 171209 183955 191688 4.2 2.1
Shanghai (1) CY TEU 4206 5613 6340 8620 11280 30.9 28.0 ...
(China, PR of) (2) MT excl. ... ... ... ... ... ... ...
Shenzhen (1) CY TEU 2984 3794 5076 7614 10650 39.9 37.4 ...
(China, PR of) (2) ... ... ... ... ... ... ... ... ...
Busan (1) CY TEU 5527 7499 7954 9409 10247 8.9 16.7 ...
(Korea, Rep. of) (2) RT excl. 81039 111702 122320 139919 ... 14.4 20.0
Kaohsiung (1) CY TEU 6985 7426 7541 8493 8843 4.1 ... 61.4
(Taiwan) (2) MT excl. 21641 24279 24242 26886 28120 ... ...
Dubai Ports (1) CY TEU 2845 3059 3502 4194 5152 22.8 16.0 88.6
(UAE) (2) MT excl. 23188 24351 27553 32683 ... 18.6 12.1
Port Kelang (1) CY TEU 2550 3207 3760 4533 4841 6.8 17.4 92.0
(Malaysia) (2) FT excl. 43853 48097 59861 63279 68539 8.3 11.8
Qingdao (1) CY TEU 1542 2120 2639 3410 4240 24.3 28.8 ...
(China, PR of) (2) ... ... ... ... ... ... ... ... ...
Tanjung Pelapas (1) CY TEU ... 418 2050 2660 3487 31.1 ... ...
(Malaysia) (2) ... ... ... ... ... ... ... ... ...
Tianjin (1) CY TEU 1302 1708 2011 2408 3000 24.6 23.2 ...
(China, PR of) (2) MT ?? ... ... ... ... ... ... ...
Tokyo (1) CY TEU 2695 2899 2596 2784 2838 1.9 1.3 44.9 #
(Japan) (2) FT excl. 36838 39148 34747 37112 ... 6.8 0.2
Guangzhou (1) CY TEU 1179 1429 1738 2180 2770 27.1 23.8 ...
(China, PR of) (2) ... ... ... ... ... ... ... ... ...
Ningbo (1) CY TEU 601 902 1213 1860 2750 47.8 46.3 ...
(China, PR of) (2) ... ... ... ... ... ... ... ... ...
Laem Chabang (1) FY TEU 1756 2111 2307 2657 3181 19.7 16.0 ...
(Thailand) (2) MT excl. 16568 19101 21364 25593 ... ... ...
(a) Degree of containerisation calculated on the basis of total general cargo traffic. Figures marked with # are based on the year 2002.
Fig. III-2: Container traffic at major Asian ports by region 1994-2003 (TEU index)
Note: Based on number of containers handled at the major ports which are presented in table 1.2.2.
Source: ISL Port Data Base 2004 ©
% change
over prev.
period
Av. growth
rate
degree of
containerisation
(a)
2003
ISL 2004
SSMR June 2004 67

III - 1 Port surveys - container ports ISL
1.2.3 Europe
Port Tare
(1) Total containers handled (in 1000)
(2) Container tonnage (in 1000 t)
% change
over prev. Av. growth
degree of
containerisation
(a)
(Country) Period Unit weight 1999 2000 2001 2002 2003 Period rate 2003
Rotterdam (1) CY TEU 6245 6268 6078 6526 7107 8.9 3.3 73.7
(Netherlands) (2) MT excl. 64065 64256 61193 65245 70607 8.2 2.5
Hamburg (1) CY TEU 3750 4281 4684 5374 6138 14.2 13.1 93.4
(Germany, FR of) (2) MT incl 40596 45888 49798 57187 64279 12.4 12.2
Antwerp (1) CY TEU 3614 4082 4218 4777 5445 14.0 10.8 72.3
(Belgium) (2) MT incl 39442 44525 46410 53017 61350 15.7 11.7
Bremen/Bremerhaven (1) CY TEU 2201 2752 2974 3032 3195 5.4 9.8 81.5
(Germany, FR of) (2) MT incl 21928 27722 29476 30287 31801 5.0 9.7
Gioia Tauro (1) CY TEU 2253 2653 2488 2955 3149 6.6 8.7 ...
(Italy) (2) ... ... ... ... ... ... ... ... ...
Algeciras - La Linea (1) CY TEU 1835 2009 2152 2229 2563 15.0 8.7 88.3
(Spain) (2) MT incl 18785 20334 24153 25403 29398 15.7 11.8
Valencia (1) CY TEU 1161 1308 1507 1821 1993 9.4 14.5 77.8
(Spain) (2) MT incl 12959 14135 16147 19758 22109 11.9 14.3
Le Havre (1) CY TEU 1378 1465 1523 1720 1985 15.3 9.5 83.7
(France) (2) MT incl 12816 13781 14569 16821 19133 13.7 10.5
Felixstowe (b) (1) CY TEU 2697 2793 2800 2684 2700 0.6 0.0 80.0
(United Kingdom) (2) MT incl 24704 24931 24270 ... ... -1.8 -0.9
Barcelona (1) CY TEU 1235 1388 1411 1461 1652 13.1 7.6 71.7
(Spain) (2) MT incl 11532 12989 13430 13842 15344 10.9 7.4
Genoa (1) CY TEU 1234 1501 1527 1531 1606 4.9 6.8 62.4
(Italy) (2) MT incl 11884 14272 14070 14151 15071 6.5 6.1
Piraeus (1) CY TEU 965 1161 1166 1405 1605 14.2 13.6 77.0
(Greece) (2) MT excl. 8683 10575 11283 13287 15398 15.9 15.4
Dublin (1) CY TEU 1304 1380 1445 1503 1596 6.2 5.2 95.9
(Irish Republic) (2) MT incl 14199 15202 15805 16712 17666 5.7 5.6
London (1) CY TEU 1462 1463 1453 1615 1557 -3.6 1.6 81.1
(United Kingdom) (2) MT excl. 10360 10711 10986 12015 12233 1.8 4.2
Marsaxlokk (1) CY TEU 1045 1033 1165 1244 1300 4.5 5.6 ...
(Malta) (2) ... ... ... ... ... ... ... ... ...
(a) Degree of containerisation calculated on the basis of total general cargo traffic. (b) Figures for 2003 are prelimanary.
(b) Figures include transhipment counted incoming only.
Fig. III - 3: Container traffic at major European ports by region 1994-2003 (TEU index)
Note: Based on number of containers handled at the major ports which are presented in table 1.2.3.
Source: ISL Port Data Base 2004 ©
68 SSMR June 2004
ISL2004

III - 1 Port surveys - container ports ISL
1.3 Regional spreading of container traffic of selected ports 2003
1.3.1 American ports
Region
(1) loaded,
(2) discharged,
Africa America Asia Europe Oceania unknown Total
port
America
(3) total (1) + (2) in %
Unit in 1000
Halifax (a) (1) 2.6
27.7
34.7
34.8
0.2
-
2506 MT
(2) 0.2
13.5
19.4
66.9
-
-
1908 MT
(3) 1.5
21.6
28.1
48.7
0.1
-
4414 MT
Houston (1) 8.5
40.7
7.6
42.1
1.1
-
522 TEU
(2) 1.9
15.0
10.8
71.3
1.0
-
386 TEU
(3) 5.7
29.8
9.0
54.5
1.0
-
907 TEU
Los Angeles (b) (1) 0.1
1.9
84.6
3.4
10.0
-
853 TEU
(2) 0.1
1.7
94.2
2.3
1.7
-
2863 TEU
(3) 0.1
1.7
92.0
2.6
3.6
-
3716 TEU
Montreal (b) (1) 2.2
6.8
2.7
88.4
-
-
4343 MT
(2) 1.1
0.4
1.2
97.3
-
-
5103 MT
New York / New
(3)
(1)
1.6
4.2
3.3
18.4
1.9
39.2
93.2
32.6
-
1.4
-
-
9446 MT
1449 TEU
Jersey
(2) 2.3
8.5
49.8
41.0
0.8
-
2619 TEU
(3) 3.0
12.0
46.0
38.0
1.0
-
4068 TEU
Oakland (1) -
26.2
67.0
5.9
0.6
0.2 733 TEU
(2) -
11.7
74.7
6.8
6.7
0.1 547 TEU
(3) -
20.0
70.3
6.3
3.3
0.1 1280 TEU
Port of Virginia (b) (1) 11.7
7.6
35.6
43.2
1.5
-
705 TEU
(2) 3.7
13.8
35.7
46.1
0.7
-
724 TEU
(3) 7.7
10.7
35.6
44.6
1.1
-
1429 TEU
Vancouver (1) 0.3
0.1
99.2
0.1
0.4
-
7642 MT
(2) 0.0
0.1
98.8
0.7
0.4
0.0 4973 MT
(3) 0.1
0.1
99.0
0.4
0.4
0.0 12615 MT
Discrepancies due to rounding and exclusion of local traffic are possible; (a) figures for 2001; (b) figures for 2002.
Units: TEU - Twenty feet equivalent unit ; MT - metric tons
© ISL Port Data Base 2004
Fig. III - 4 North American ports - container traffic according to loading/unloading regions
ISL2004
SSMR June 2004 69

III - 1 Port surveys - container ports ISL
1.3 Regional spreading of container traffic (continued)
1.3.2 Asian ports
(1) loaded,
Region (2) discharged,
Africa America Asia Europe Oceania unknown Total
port
Asia
(3) total (1) + (2) in %
Unit in 1000
Hong Kong (1) 1.9
29.4
50.5
15.7
2.5
-
8922 TEU
(2) 0.6
10.9
80.0
6.9
1.6
-
7610 TEU
(3) 1.3
20.9
64.1
11.7
2.1
- 16532 TEU
Kaohsiung (1) 2.0
25.0
57.9
13.2
1.9
- 15344 MT
(2) 2.7
28.6
42.3
22.4
4.1
- 12776 MT
(3) 2.3
26.6
50.8
17.4
2.9
- 28120 MT
Keelung (1) 2.3
17.8
74.6
0.7
4.6
-
569 TEU
(2) 1.2
16.2
78.5
1.2
2.9
-
878 TEU
(3) 1.6
16.8
77.0
1.0
3.5
-
1448 TEU
Kobe (a) (1) 0.6
21.5
64.8
12.6
0.4
- 13048 FT
(2) 0.5
28.1
59.1
11.6
0.7
- 14507 FT
(3) 0.5
25.0
61.8
12.1
0.5
0.0 27555 FT
Osaka (a) (1) 0.2
10.3
83.2
2.6
3.8
-
696 TEU
(2) 0.1
9.2
80.6
5.5
4.7
-
802 TEU
(3) 0.1
9.7
81.8
4.1
4.3
-
1498 TEU
Tokyo (a) (1) -
34.2
45.1
20.2
0.4
0.0 15188 FT
(2) -
24.8
54.4
19.7
0.9
0.2 21924 FT
(3) -
28.7
50.6
19.9
0.7
0.1 37112 FT
Yokohama (1) 3.3
14.8
74.8
4.0
3.2
-
1282 TEU
(2) 1.3
35.3
51.1
5.8
6.5
-
1221 TEU
(3) 2.3
24.8
63.2
4.8
4.8
-
2503 TEU
Discrepancies due to rounding and exclusion of local traffic are possible; (a) figures are for the year 2002.
Units: TEU - Twenty feet equivalent unit ; MT - metric tons; FT - Freight tons
© ISL Port Data Base 2004
Fig III - 5 Asian ports - container traffic according to loading/unloading regions
70 SSMR June 2004
ISL2004

III - 1 Port surveys - container ports ISL
1.3 Regional spreading of container traffic (continued)
1.3.3 European ports
(1) loaded,
Region (2) discharged,
Africa America Asia Europe Oceania unknown Total
port
Europe
(3) total (1) + (2) in %
Unit in 1000
Antwerp (1) 10.0
26.0
39.3
23.3
0.7
0.7 2803 TEU
(2) 11.3
35.2
36.2
16.3
0.9
0.1 2642 TEU
(3) 10.7
30.4
37.8
19.9
0.8
0.4 5445 TEU
Bremen/Bre-
(1) 4.7
39.1
24.7
31.5
0.0
- 1671 TEU
merhaven
(2)
(3)
3.3
4.0
29.3
34.4
21.3
23.1
46.1
38.4
0.0
0.0
-
-
1518 TEU
3190 TEU
Genoa (1) 15.2
33.0
29.1
18.9
0.1
3.7 804 TEU
(2) 13.4
24.9
35.3
16.5
0.0
9.8 802 TEU
(3) 14.3
29.0
32.2
17.7
0.1
6.7 1606 TEU
Hamburg (1) 2.1
12.1
49.6
34.7
1.5
0.0 2982 TEU
(2) 1.2
10.0
50.8
37.1
1.0
0.0 3158 TEU
(3) 1.6
11.0
50.2
53.8
1.2
0.0 6140 TEU
Le Havre (1) 10.5
37.6
33.8
15.7
2.4
- 995 TEU
(2) 5.2
21.1
36.0
37.2
0.4
- 989 TEU
(3) 7.8
29.4
34.9
26.4
1.4
- 1985 TEU
Piraeus (1) 5.5
3.0
43.9
31.7
-
15.9 794 TEU
(2) 3.8
1.8
41.6
49.9
0.0
2.9 811 TEU
(3) 4.6
2.4
42.7
40.9
0.0
9.3 1605 TEU
Rotterdam (1) 2.9
18.3
35.9
41.0
1.9
- 3482 TEU
(2) 4.2
0.9
34.5
60.2
0.2
- 588 TEU
(3) 4.5
1.6
40.8
52.9
0.2
- 1166 TEU
Valencia (1) 19.6
17.7
21.5
30.0
0.9
10.2 993 TEU
(2) 9.3
18.6
35.0
17.5
0.2
19.4 1000 TEU
(3) 14.4
18.2
28.3
23.8
0.6
14.8 1993 TEU
Zeebrugge (1) 1.4
0.3
25.6
71.8
0.8
0.1 540 TEU
(2) 0.1
0.7
17.9
77.9
3.3
0.1 473 TEU
(3) 0.8
0.5
22.0
74.6
2.0
0.1 1013 TEU
Units: TEU - Twenty feet equivalent unit ; MT - metric tons
Discrepancies due to rounding and exclusion of local traffic are possible.
© ISL Port Data Base 2004
Fig III - 6 European ports - container traffic according to loading/unloading regions
ISL2004
SSMR June 2004 71

III - 2 Sea canals ISL
2.1 Monthly traffic overview 2003 - 2004
2.1.1 Shipping traffic
Panama Canal Suez Canal Kiel Canal
tonnage in 1000
St. Lawrence Seaway
Southbound Northbound Westbound Eastbound Montreal-L.Ontario Welland Canal
Year/ No of Net No of Net No of Net No of Net No of Net No of Gross No of Gross
Month trans. tonnage trans. tonnage trans. tonnage trans. tonnage trans. tonnage trans. tonnage trans. tonnage
2003
January 1045 21682 635 21215 590 20281 1098 1904 1075 1845 - - - -
February 961 19851 649 21165 569 20906 1095 1875 1068 1955 - - - -
March 1085 21572 669 23381 693 24598 1265 2298 1187 2185 - - - -
April 1032 20421 663 23755 678 23691 1128 1970 1220 2208 209 2895 288 3809
May 1011 20454 608 22525 693 23965 1140 2007 1130 2048 302 3405 310 3428
June 950 19148 638 20552 626 21772 1101 1858 1108 2036 345 3195 372 3532
July 955 20265 682 22845 660 23087 1074 1849 1105 1949 246 3300 257 3784
August 938 19675 689 24000 647 22673 1064 1764 1101 2019 333 3539 357 3776
September 860 18062 649 23679 618 22183 1113 1865 1038 1767 290 3359 319 3712
October 958 21579 666 23996 672 24043 1156 1964 1193 2039 291 3594 377 4175
November 994 20200 664 22006 647 24237 1290 2188 1227 2064 381 4641 404 5091
December
2004
936 19087 683 23348 679 25478 1276 2209 1241 2250 182 2151 343 4047
January 1072 22961 662 22840 707 26287 1248 2253 1201 2275 - - - -
February 1050 21560 636 21630 643 24255 1249 2242 1202 2221 - - - -
March 1165 23463 694 24394 705 26313 1238 2232 1221 2367 - - - -
2.1.2 Goods traffic
Panama Canal
Suez Canal
Kiel Canal
in 1000 metric tons
Year/ Montreal-
Month East- West- Total South- North- Total West- East- Total Lake Welland
bound bound bound bound bound bound Ontario Canal
2003
January 7199 9340 16539 15498 19130 34628 3374 1828 5201 - -
February 6247 9628 15875 15283 19533 34816 3442 1823 5265 - -
March 7216 9308 16524 17491 20922 38413 4304 2042 6345 - -
April 6799 8445 15244 17195 20279 37474 3690 2088 5778 2706 3312
May 7258 8559 15817 15999 21233 37232 3437 1814 5251 3086 3203
June 6597 8472 15069 16028 19941 35969 3220 1688 4908 2873 3372
July 6908 9340 16248 17466 20902 38368 3080 1701 4781 3011 3481
August 7168 9000 16168 17302 21256 38558 3008 1889 4896 3157 3482
September 6439 7369 13808 16098 21152 37250 3081 1790 4871 3306 3517
October 7019 9305 16324 18056 22968 41024 3481 1964 5445 3797 3828
November 6779 9955 16734 16602 24973 41575 3897 2120 6018 3225 3693
December
2004
6032 9079 15111 18692 23966 42658 4030 2083 6114 3717 3988
January 7381 10290 17671 17019 25270 42289 4006 2027 6032 - -
February 6496 10000 16496 16839 21140 37979 4248 1967 6216 - -
March 7435 10711 18146 19442 24917 44359 4190 2059 6249 - -
(Source: ISL Bremen, based on data from Panama Canal Commission; Suez Canal Authority; Wasser-u. Schiffahrtsdirektion Nord, Kiel; St. Lawrence
Seaway Authority)
St. Lawrence
Seaway
SSMR June 2004 72

III - 2 Sea canals - Kiel Canal ISL
2.2.2 Shipping transit traffic by type of vessels 2003
Type
Westbound Eastbound TOTAL Westbound Eastbound TOTAL
Dry cargo incl. combined carriers 7861 8073 15934 19273 22453 41727
Ro/Ro vessels 784 892 1676 7602 8511 16113
Container ships 2442 2114 4556 11734 10243 21978
Oil tankers 1059 915 1974 4961 4270 9231
Gas tankers 22 29 51 122 167 289
Chemical tankers 619 509 1128 2803 2211 5014
Other tankers 268 377 645 514 669 1183
TOTAL 2003 13055 12909 25964 47010 48525 95535
2002 12262 12279 24541 42901 44422 87323
2001 12136 12333 24469 40656 43158 83814
2000 12268 12047 24315 39595 38897 78492
1999 10614 10498 21112 31757 32530 64287
1998 11594 11354 22948 34568 32984 67552
1997 11568 11411 22979 35929 34991 70920
1996 12585 12189 24774 28604 28787 57391
1995 15597 14845 30442 29826 28894 58719
1994 16201 15203 31404 32410 30059 62469
1993 15934 15002 30936 30935 28458 59393
1992 16197 14831 31028 32005 28009 60014
1991 17081 15911 32992 34150 31236 65386
1990 17906 16773 34679 36796 33265 70061
1989 17315 16445 33760 36109 32934 69042
Average growth 1989 - 2003 -2.0 -1.7 -1.9 1.9 2.8 2.3
2.2.3 Transit goods traffic by commodity 1998-2003
Number of ships Gross tonnage (in 1000 gt)
Commodity Westbound Eastbound
in 1000 metric tons
1998 1999 2000 2001 2002 2003 1998 1999 2000 2001 2001 2003
Mineral oil and derivates 2422 2294 4233 6205 5673 8297 917 924 915 763 763 610
Coal 790 544 968 671 488 535 227 192 296 347 347 358
Wood 3256 2946 3568 3441 3464 3312 157 170 176 170 170 205
Wood pulp 998 972 1326 1146 1195 1276 30 49 65 81 81 123
Grains 915 690 780 1295 1235 1175 122 182 394 230 230 130
Fertilizers 1602 1304 2180 2020 1739 2130 397 416 394 431 431 383
Fodder 281 285 204 245 317 280 1262 1119 1304 1693 1693 1953
Iron and steel 2192 2181 3393 2995 3019 3633 853 689 854 852 852 925
Chemical products 1945 2136 2533 2287 2771 3259 1625 1548 1865 1707 1707 1902
Other bulk goods 1187 961 1062 1137 1093 1177 1976 2272 2828 3301 3301 3097
General cargo 10689 10789 13024 13652 15407 17053 6682 6362 8028 10547 10547 13226
TOTAL 26277 25101 33272 35094 36402 42127 14248 13923 17119 20123 20123 22914
Source: Wasser- und Schiffahrtsdirketion Nord, Jahresübersicht über den Schiffs- und Güterverkehr auf dem Nord-Ostsee-Kanal; various issues
SSMR June 2004 73

III - 2 Sea canals - Kiel Canal ISL
2.2 Kiel Canal
2.2.1 Shipping and transit goods traffic 1993-2003
Transit traffic
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
No of ships 30936 31404 30442 24774 24819 24606 22909 26264 26303 26219 27551
1000 gt 59392.9 62469.0 58719.3 57390.8 74045.6 70756.0 67653.9 81907.2 87549.6 90994.8 99880.5
gt-% change over prev. year -1.0 5.2 -6.0 -2.3 29.0 -4.4 -4.4 21.1 6.9 11.1 9.8
Average ship size in gt 1920 1989 1929 2317 2983 2876 2953 3119 3329 3471 3625
Cargo in 1000 tonnes 50667.2 50499.5 48332.5 41046.6 42439.9 41309.0 39026.7 50394.9 55219.2 57300.9 65044.3
Sectional traffic
No of ships 12328 12323 12845 12281 12126 12983 12573 12113 12103 12343 12246
1000 gt 10906.1 9894.7 10811.6 11091.2 12533.0 13495.0 12554.8 13176.4 13201.1 12583.5 12077.7
gt-% change over prev. year -7.0 -9.3 9.3 2.6 13.0 7.7 -7.0 5.0 0.2 -4.5 -4.0
Average ship size in gt 885 803 842 903 1034 1039 999 1088 1091 1019 986
Cargo in 1000 tonnes 7060.0 6660.6 6849.7 6869.0 6817.5 7346.0 6961.9 7466.7 7252.0 7291.4 7252.5
TOTAL TRAFFIC
No of ships 43264 43727 43287 37055 36945 37589 35482 38377 38406 38562 39797
1000 gt 70298.9 72363.7 69530.9 68482.0 86578.6 84251.0 80208.7 95083.7 100750.6 103578.4 111958.2
gt-% change over prev. year -2.0 2.9 -3.9 -1.5 26.4 -2.7 -4.8 18.5 6.0 8.9 8.1
Average ship size in gt 1625 1655 1606 1848 2343 2241 2261 2478 2623 2686 2813
Cargo in 1000 tonnes 57727.2 57160.1 55182.2 47915.7 49257.4 48655.0 45988.6 57861.6 62471.3 64592.3 72296.8
Fig. III - 8: Kiel Canal - transit and sectional goods traffic 1983 - 2003
74 SSMR June 2004
ISL2004
Continued

Definitions ISL
1. Abbreviations and Symbols
ARA Antwerp/Rotterdam/
Amsterdam range
AWES Association of West
European Shipbuilders
b/d Barrels per day
BHP Brake horsepower
cgrt Compensated gross
registered tonnage
cgt Compensated gross tonnage
cif Cost, insurance, freight
CIS Commonwealth of
Independent States
CMEA Council of Mutual Economic Aid
CPE Centrally-planned Economies
CPI Consumer price index
cST Centi Stokes
cu.m Cubic metres (also m3 )
DB Double Bottom
DH Double Hull
DIS Danish International
Ship Register
DS Double Sides
dwt Deadweight tons
d/y Day/year
EEC European Economic Community
EFTA European Free Trade
Association
EU European Union
FIM Finmark
FY Fiscal year
FAO Food and Agriculture
Organization of the
United Nations
fio Free in and out
fob Free on board
FT Freight tons
ft Foot
GATT General Agreement on
Tariffs and Trade
grt Gross register tonnage
gt Gross tonnage
HP Horsepower
ibf Intermediate bunker fuel
IMF International Monetary Fund
IMO International Maritime
Organization
in. Inch
ITF International Transport
Workers Federation
km Kilometre
loa Length overall
lbs Pounds
LDT Light displacement tons
LR/Fairplay Lloyd's Register / Fairplay
LNG Liquefied Natural Gas
LPG Liquefied Petroleum Gas
LT Long ton
m Metre
mbd Million barrel per day
mdo Marine diesel oil
MED Mediterranean
MfA Marine fishing area
mill Million
M/S Motor ship
M/T Motor tanker
MT Metric tons
mtd per ton fob delivered
mth Month
mtw Per ton ex wharf
NCW Non-Communist World
NDRF National Defence
Reserve Fleet
n.e.c. Not elsewhere classified
neg. Negligible
NICs Newly Industrialised
Countries
NIS Norwegian International
Ship Register
no Number
NODC Non-oil Producing
Developing Countries
nrt Net register tonnage
nt Net tonnage
NT $ Taiwan Dollar
NWE,NW Northwest Europe
o.a. Over all
OBO Ore/bulk/oil carrier
OECD Organization for Economic
Cooperation and Development
O/O Ore/oil carrier
OPEC Organization of Petroleum
Exporting Countries
OR Ordinary Register
P/C Products carrier
Pr/OBO Product/ore-bulk- oil carrier
r Revised
Ro/ro Roll-on/roll-off
RT Revenue ton
SAR Special Administration Region
SBT Ship segregated ballast tanks
SDR Special drawing rights
SEK Swedish Krona
ST Short ton
t Ton/tonne
TB Tug/barge
TEU Twenty feet equivalent unit
TKB Tanker barge
T/S Tanker/steam
T/T Tanker/turbine
ULCC Ultra large crude carrier
USAC United States Atlantic Coast
USD US Dollar
VLCC Very large crude carrier
WS Worldscale
WTO World Trade Organization
YR, YRS Year, Years
... Data not available;
illogical
- Nil
0/0.0 Less than half of
unit employed
1995-2004 From 1995 to 2004
inclusive
2003/04 Crop year, fiscal year
etc., beginning in 2003
and terminating in 2004
* Estimate
Billions means a thousand million
Detailed items in tables do not necessarily add to
totals because of rounding
SSMR June 2004 75

Definitions ISL
2. World Merchant Fleet, New Construction Data, Trade and Traffic Statistics
2.1 Fleet and New Construction Data
Includes all self-propelled sea-going trading ships and passenger ships of 300 gt and over, i.e. all ships intended for the carriage of goods and/or passengers. Naval units
are excluded. Merchant fleet tables include laid-up tonnage and exclude US and Canadian Laker Fleet. Data are based on quarterly updates from Lloyd's
Register/Fairplay (LR/Fairplay). Tables on merchant fleet exclude ships for which flag is unknown, as of January 1st , 2004 1217 ships with 5.5 mill dwt, 3.6 mill gt and
includes ships with status "continued existence in doubt".
Country of registration and country of domicile
Country of registration indicates the country of the port of registry of a country (flag). The country of domicile indicates where the controlling interest of the fleet is located
in terms of the parent company. This information is applicable to merchant fleet vessels of 1000 gt and above.
Denmark includes Faeroes, Greenland.
France includes New Caledonia, French Polynesia, Martinique, Guadeloupe,
St. Pierre et Miquelon, Mayotte, Réunion, Wallis and Futuna Islands, French
Austral and Antarctic Territories (Kerguelen), French Guyana.
Netherlands include Netherlands Antilles, Aruba.
New Zealand includes Cook Islands.
Portugal includes Madeira.
Spain includes Canary Islands.
UAE includes Abu Dhabi, Dubai, Sharjah, Ras El Khaimah, Ajman, Fujairah,
Umn al Qauiwain.
Yemen, Rep. of, includes former Yemen, PDR of, and Yemen Arab. Rep.
UK includes Isle of Man, Channel Islands, Br. Virgin Islands, Montserrat, St.
Helena, Turks and Caicos Islands, Anquilla and Falkland Island.
US includes Puerto Rico, Pacific Islands, Northern Mariana Islands.
Analytical Groups of Countries
OECD Countries as per January 1st, 2004
Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland,
France, FR of Germany, Greece, Hungary, Rep. of Korea, Iceland, Italy,
Ireland, Japan, Luxembourg, Mexico, Netherlands, New Zealand, Norway,
Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, Turkey, UK and US.
2.2 Laid-up Tonnage, Broken-up Tonnage
76 SSMR June 2004
EU Countries
Austria, Belgium, Denmark, Finland, France, Germany FR of, Greece,
Ireland, Italy, Luxembourg, Netherlands, Portugal, Spain, Sweden and UK.
Developing Countries including NICs as per January 1st , 2004
Developing Countries include all flags except OECD Countries; 10 Major Open
Registry Countries; Countries in Transition (former USSR, Albania, Estonia,
Georgia, Hungary, Latvia, Lithuania, Mongolia, Poland, Romania, Slovenia, ex-
Yugoslavia); and except Gibraltar, Israel, Monaco, Taiwan, Singapore and
Hong Kong.
From January 2001 onwards the developing country classified as NIC is the PR
of China.
Development status based on United Nations: World Economic Outlook
September 2003.
Major Open Registries
Countries permitting the registration of ships owned by non-residents. In
general, ISL figures on open registry flags are restricted to the five major flags
Liberia, Panama, Cyprus, Bahamas and Bermuda. Due to the extended ISL
fleet data base the evaluation of additional open registry flags is possible. Thus,
parts of the statistical analysis include besides the five "majors" further flags like
Malta, St. Vincent, Marshall Islands, Vanuatu, Antigua & Barbuda and Cayman
Islands (01.01.2000). ISL records (April issue) includes a seperate survey
including the top 10 open registry countries.
Laid-up tonnage: excludes US Reserve Fleet.
Broken-up tonnage: includes ships sold for breaking. Figures on broken-up tonnage are not revised if vessels reported for breaking are trading again.
2.3 Merchant Ship Type Structures
Basic Ship Types (a)
Definition of terms used in merchant ship structures type classification.
Tanker Single-deck vessel constructed and arranged for the carriage of liquid cargoes in tanks integral to the hull and include crude
oil or non-hazardous (IMO code) refined products.
Chemical tanker Vessel constructed and arranged for carrying hazardous (IMO code) cargoes in special tanks.
Liquid gas tanker Vessel constructed and arranged for the carriage of liquefied gases either in integral tanks or independent tanks under
pressure or refrigerated.
Dry Bulk Dry cargo vessel. One deck, machinery aft with topside tanks capable of carrying a variety of self-trimming cargoes.
Ore Carrier (Bulk Carrier) Dry cargo vessel, one deck, strengthening for ore cargoes.
Ore/Bulk/Oil Carrier (OBO) Combination bulk carrier arranged for the carriage of either bulk dry cargoes or liquid cargoes in the same cargo spaces but
not simultaneously.
General Cargo Single or multi-deck general dry cargo vessel with facilities for loading/ discharging cargo.
Specialised Carrier (Special Ship) Dry cargo vessel specially designed for the carriage of particular cargoes, incl. car-carriers.
Reefer Specialised dry cargo vessel with 80 % or more insulated cargo space.
RoRo Cargo Vessel arranged for Roll-on Roll-off loading / discharging of vehicles (road and/
RoRo Passenger or rail) as cargo and / or passenger conveyances.
Container Ship (Full Container) Vessel fitted throughout with fixed or portable cell guides for the carriage of containers above and below the weather deck.
Passenger Vessel which carries more than 12 fare paying passengers whether berthed or unberthed (ferries).
(a) Based on „An International Classification of Ships by Type“ (ICST (1994))

Definitions ISL
Basic Ship Type Structure and ISL Ship Type Aggregates
MERCHANT SHIP STRUCTURES ISL SHIP TYPES
Special Fleet Report Broken-up/ Laid-up tonnage etc.
LIQUID Oil tankers - Crude oil tankers
Oil tankers
Tankers
- Crude/products tankers
"
"
- Products tankers
"
"
- Oil/chemical tankers
"
"
- Other tankers
"
"
Chemical tankers - Chemical tankers
- other chemical tankers
Liquid gas tankers - LNG carriers
- LPG carriers
- other liquid gas carriers
DRY BULK Bulk carriers - Ore carriers
- other bulk carriers
OBO carriers - Ore/bulk/oil carriers
- Ore/oil carriers
- Bulk/oil carriers
OHTER DRY CARGO General cargo ships of which
- Single-deck ships
- Multi-deck ships
- Special ships
- Reefer ships
- RoRo cargo ships
Chemical tankers
"
Liquid gas tankers
"
"
Bulk carriers
"
OBO carriers
"
"
Tankers
"
Tankers
"
"
Bulk carriers
"
Bulk carriers
"
"
General cargo ships, of which
General cargo ships, of which
Single-deck ships
Single-deck ships
Multi-deck ships
Multi-deck ships
Special ships
(a)
Reefer ships
(a)
RoRo cargo ships
(a)
Container ships - Full container ships Container ships Container ships
Passenger and cargo
passenger ships (b)
of which
- Passenger ships
- Cargo/RoRo passenger ships
Passenger and cargo passenger ships,
of which
Passenger ships
Cargo/RoRo passenger ships
Passenger ships
(a) Included in general cargo ships. (b) Including ships (berthed and unberthed) for passenger transport and passenger carrying vessels like general cargo passenger ships and ferries.
Tonnage Specification
In case of double measurement statistics refer to the higher of two sets of tonnages in a twin-tonnage ship.
Gross tonnage:
(grt/gt)
Net tonnage:
(nrt/nt)
Deadweight tonnage:
(dwt)
Compensated gross
tonnage (cgt):
grt indicates that the ship has been measured in accordance with tonnage regulations adopted prior to the coming into force of the
International Convention on Tonnage Measurement of Ships 1969 on 18th July 1982. This Gross Tonnage is broadly, the capacity in cubic
feet of the spaces within the hull, and of the enclosed spaces above the deck available for cargo, stores, fuel, passengers and crew, with
certain exceptions, divided by 100. Thus, 100 cubic feet of capacity is equivalent to 1 gross ton.
gt indicates that the ship has been measured in accordance with the requirements of the International Convention on Tonnage Measurement
of Ships 1969 and is derived by formula in accordance with those requirements.
nrt is derived from the corresponding Gross Tonnage by deducting spaces used for the accomodation of the master, officers, crew, navigation
and propelling machinery.
nt is derived by formula in accordance with the requirements of the International Convention on Tonnage Measurement of Ships 1969.
Unit of measurement expressed in tonnes of the maximum permitted load of a ship (i.e. the weight of cargo, passengers, fuel, stores and
crew) when loaded down to its maximum summer load line.
Calculated by multiplying the tonnage of a ship by a coefficient, which is determined according to type and size of a particular ship. Cgt is
used as an indicator of volume of work that is necessary to build a given ship.
2.4 Trade and Traffic Statistics
The definition used and the coverage of statistics presented vary considerably. In general, figures indicate metric units in all tables in which data are measured in
weight, length or area.
Cargo tonnage There are two bases for charging the carriage of cargo: weight and capacity (measurement). If 1 ton (20 cwt) of a cargo occupies more than 40
cubic feet than capacity is usually the basis. Cargoes are selected to give the best combination of payable tons by weight or measurement.
Containers are usually measured in terms of twenty-foot equivalent units (TEU), being total length of containers in feet divided by 20.
Revenue ton (U.S.) A unit of cargo measurement found in all ports of the United States. It can not be defined in units either of weight or of space occupied by the
cargo as it varies from port to port, from line to line, and from ship to ship, depending on the customs of the port and the nature of the cargo
carried by the individual vessel. For any one port, however, and particularly for any one group of ships specializing in the same trade and
carrying approximately the same kind of commodities the revenue ton represents a tangible unit of cargo measurement and is frequently used
as the only means of expressing the total cargo of the ships.
All United States ships show on their manifests their total revenue tonnage, and very often they also indicate the total weight of the cargo in
long tons.
Freight ton A unit of volume or weight used for quoting freight rates, in which 40 cu.ft. or 2,240 lbs. are taken as the equivalent of one ton. Also called
stevedore ton. The measurement or weight is generally at ship's option. For freight purposes the term ton may also be applied to a number of
hundered weights to be the equivalent of one ton and varying according to the goods.
Harbour ton 1000 kg or 1 cubic metre which ever yields the highest tonnage.
SSMR June 2004 77
"
"

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ISL Port Data Base ©

ISL Port Data Base
4 Port profiles - Regional Trends - Benchmarking - Market Analyses
Services
The ISL is currently in the process of expanding its information services. In addition to our regular statistical publications, the Shipping
Statistics and Market Review and the Shipping Statistics Yearbook, we are increasingly providing individualised analytical data. To
meet this end, we updated our hardware and software to enable us to quickly process your inquiries.
With its large scope of information, the ISL Port Data Base is suited for extensive comparisons of major ports with regard to selected
items as well as for a detailed analysis of a single port or a group of ports using tables and graphs as well as maps. However, not all
figures are available for all ports, so contact us if you are interested in a specific extract.
We can also do groundwork for market analyses, benchmarking and other related work.
Data Structure
The ISL Port Data Base includes data starting 1980 on a yearly basis on the following items:
4Shipping traffic (no of ships, ship tonnage)
4Cargo traffic (foreign, domestic and transit traffic)
4Loading categories (general cargo, dry bulk and liquid bulk)
4Major bulk goods (iron ore, coal, grain, crude oil and oil products)
4Container traffic (TEU/no of full and empty containers, container tonnage)
4Continental spreading of cargo traffic by loading categories for selected ports since 1996
4Continental spreading of container traffic for selected ports since 1995
Figures with the exception of shipping traffic are available by direction (loaded/discharged).
Basis of calculation 2004
Our basis of calculation for the total cost of a database extract is as follows:
€ 50.- basic fee, plus € 0.50 per item,
plus postage and packing and in case of inland sale plus VAT (MWSt).
The basic fee includes the setting up of a suited layout, the addition of the necessary explanatory remarks and footnotes as well as the
transmission of the data by fax and/or by E-Mail. By subscribing to a specified analysis on a yearly basis, you will save the basic fee
and get an additional 20 per cent off the other costs starting the second year.
Our comprehensive standard port profiles including data on shipping, cargo and container traffic, loading categories and major bulk
goods over a ten-year period (610 items altogether) as well as a number of graphs may be purchased at the price of € 160.- per port.
When subscribing to these profiles, you will receive updates for each port at € 30.- per year as soon as the figures are available to us.
Contact
If you have any questions regarding our Port Data Base, or if you are interested in any of the above, please contact our specialists of
the Port Data Base Team.
Institute of Shipping Economics and Logistics (ISL)
Universitätsallee GW 1, Block A
28359 Bremen
Germany
Fax:
Phone:
E-Mail:
Internet:
+49-421-22096-77
+49-421-22096-32 (Mrs. Heideloff)
+49-421-22096-33 (Mr. Stockmann)
portbase@isl.org
http://www.isl.org

ISL Port Data Base - Criteria
as of January 1 st , 2003
SHIPPING TRAFFIC by direction by region*
Total shipping traffic
No of ships (either arrivals, departures or arrivals plus departures) (total only)
Ship tonnage (in gt, nt or dwt) (total only)
of which ferry traffic
No of ships (either arrivals, departures or arrivals plus departures) (total only)
Ship tonnage (in gt, nt or dwt) (total only)
PASSENGER TRAFFIC (no of passengers) by direction by region*
Total passenger traffic
of which ferry traffic
CARGO TRAFFIC (in 1000 metric tonnes, revenue tonnes, freight tonnes or harbour tonnes) by direction by region*
Total traffic
of which
X X
Foreign traffic X
Domestic traffic X
Transit traffic
of which
(total only)
Ferry traffic X
COMMODITIES (in 1000 metric tonnes, revenue tonnes, freight tonnes or harbour tonnes) by direction by region*
General cargo X X
Dry bulk
of which
X X
Iron ore X
Coal X
Grain X
Others X
Liquid bulk
of which
X X
Crude oil X
Oil products X
Others X
CONTAINER TRAFFIC by direction by region*
Total no of containers
of which
(in TEU or no of units) X X
Full containers (in TEU or no of units) X
Total tonnage
of which
(in 1000 metric tonnes, revenue tonnes, freight tonnes or harbour tonnes) X X
cargo weight (excl. tare weight) (in 1000 metric tonnes, revenue tonnes, freight tonnes or harbour tonnes) X
Degree of containerization (in per cent of general cargo) (total only)
* Africa, America, Asia, Europe, Oceania
www.isl.org portbase@isl.org
X
X

Institute of Shipping Economics and Logistics
Legal form
Founded in
Capacity
Directorate
Board of Trustees
Scientific Advisory Board
Sponsoring Body
Independent, private non-profit foundation
1954
55 permanent staff members working
in interdisciplinary teams
Prof. Dr. Hans-Dietrich Haasis
Prof. Dr. Manfred Zachcial
Dr. Frank Arendt
Prof. Dr. Carsten Boll
Decision-makers from trade, industry, science and politics
Experts from trade, industry and science
Companies and individual members from
the maritime industry
The Institute for Shipping Economics and Logistics (ISL) is one of the leading maritime + logistical research and consulting
institutes in Europe. In the four departments Logistics Systems, Maritime Economics and Transport, Informations Logistics
and Planning and Simulation Systems, the staff members work together in interdisciplinary project teams, well equipped
with modern infrastructure in practice-oriented research and development projects. In the following areas analyses and
consultancy are offered for companies of the maritime and transport industry as well as for Federal Ministries, German
Länder, local authorities and the European Commission:
Logistic Systems (Prof. Dr. Hans Dietrich Haasis):
Strategic enterprise concepts; Supply Chain Management; cooperative net product systems; development and
moderation of macro logistical systems; operational and macro logistical system integration of intermodal
transport; configuration of regional networks and freight villages.
Maritime Economics and Transport (Prof. Dr. Manfred Zachcial):
Market observation and market analyses for the maritime industry; scientific advice of politics and industry; traffic
forecasts, modelling of land/sea transport, transport planning; feasibility studies for ports and eCommerce
developments, Economic Impact Studies.
Information Logistics (Dr. Frank Arendt):
Concepts and implementation of information and communication technologies in the transport industry; software
applications for modal (truck, rail and vessel) and intermodal transport management covering order processing,
resource management, accounting, and tracking and tracing; web-based applications, e.g. for intermodal
tracking & tracing, and tariff enquiries; intra- and inter-company networking of information systems using EDI and
XML; eBusiness and eCommerce applications; set up and support of local networks and their secure connection to
the internet.
Planning and Simulation Systems (Prof. Dr. Carsten Boll):
Development and application of simulation models for micro- and macro transport, turnover and logistic
processes; national and international consultancy services for port planning and storage capacity projects,
establishment of an R&D Centre for Software Development in Bremerhaven; simulation and optimisation of
operational processes in the maritime industry.

http://www.isl.org