Annual Report in English - Consilium

These and several other factors have affected global
trade growth, and will eventually have an impact on
the international shipping industry. At the same time,
a record number of new vessels have been delivered
under strong price pressure in an overcrowded
market, particularly in certain segments.
Global GDP grew by approx. 4 percent and world
trade by almost 7 percent in 2011. The global growth
engine consists largely of emerging markets, headed by
China and India. During a weak economy and financial
turmoil, the United States and Europe reduce their
imports, which means Chinese and Indian exports are
affected, growth slows down, and world trade declines.
This in turn reduces demand for seaborne transport.
Segments such as containers and tankers are
particularly affected in a weak economy, while others,
such as bulk carriers and naval warships, show only a
slight or moderate decline. However, it is also important
to remember that although the situation of many
could be described as serious, the earth continues to
rotate around its axis, and world trade continues to
expand, albeit at a slower pace.
regulatory frameworks
While world trade and demand for transport govern
growth in newbuild orders, international regulations,
notably the regulations laid down by the IMO (International
Maritime Organisation), govern growth in
shipborne equipment.
The IMO is a UN agency which was established
in 1948 to provide a common standard for shipping.
The IMO has established a large number of conventions
aimed at minimising near-misses, fatal accidents
In addition, Consilium has recently launched a radar solution
called oil spill Detection Radar, which makes it possible to
detect oil spills with ordinary type-approved navigational radar.
and shipping’s environmental impacts. New rules are
developed and implemented on an ongoing basis, and
these progressively drive demand for approved newly
developed products and solutions.
Action to reduce greenhouse gas emissions is one
of several areas becoming increasingly relevant in
reducing shipping’s environmental impacts. Both the
IMO and individual countries and regions, such as the
EU, are progressively introducing tighter legislation.
In consequence, we are also seeing growth in demand
for measures that improve vessels’ energy efficiency.
Customers
Consilium’s customers are mainly international shipping
companies and shipyards. Asia is by far the
world’s predominant shipbuilding region, with China,
South Korea and Japan the three leading shipbuilding
nations. Together, the three countries represent more
than 90 percent of the world market. In Europe, there
are a number of important shipyards in Germany,
Italy, Spain and France. Other countries are important
in certain segments, such as Finland (cruise ships) and
the United States (naval warships).
exAmples of CuSToMerS
sHIPYARD loCAtIon
Hyundai
Daewoo
Fincantieri
Dalian
sWs
universal
tsuneshi
DCns
south Korea
south Korea
Italy
China
China
Japan
Japan
France
sHIPPInG CoMPAnY loCAtIon
essberger
Mol
Atlantic Bulk Carrier
AP Möller
nCl
Wilhelmsen
stena
Germany
Japan
Greece
Denmark
us
norway
sweden
MArkeT ShAreS, in BRief
MARIne & sAFetY BusIness AReA
PRoDuCts estIMAteD MARKet sHARe
Fire alarm systems
Gas detection systems
emission measuring systems
Marine voyage data
recorders (vDRs)
speed logs
navigational radar/radar systems
~45%
~40%
~25%
~15%
~20%
~5%
15