Bulk Vessel - Clarksons Shipping Intelligence Network

VLCC10.3%Orderbookby Year ofDelivery:Ro-Ro >5KDWT0.7%FPSO/FSO2.2%LNG13.8%No. Cgt2003 22 816,8082004 43 1,641,2162005 43 1,712,7552006 8 455,466Total 116 4,626,245Shipyard Capacity (1)Aframax16.7%Shipyard Feature:Spotlight on Samsung Ship Building, South Korea.• One of the largest single site shipyards in the world,Samsung currently holds the second largest orderbook at4.6m cgt, consisting of 116 vessels. In April 2002, whenwe last examined the Samsung orderbook, it was evenlybalanced between tankers and containerships. Theemphasis has now changed toward the containerships• The current orderbook comprises 42 containershipsof 291,201 teu, which is a 90% increase on the volume ofteu on order at the yard this time last year. In deadweightterms the containership portion of the Samsung orderbookhas grown from 22% in 2002 to 25%in 2003.• The tanker portion of the orderbook consists of 53vessels of 1.59m cgt, the majority being Aframax tankers.Suezmax7.3%20-60Kcu.m. LPG3%PostPanamax38.7%• The shipyard has a considerable amount of forwardorderbook with 8 vessels of 455,466 cgt on order in 2006Shipbuilder….. Capacity* Output in Orderbook forShipyard…. Dock Berth Lgth gt cgt 2002 JuneNumber m. (,000) (,000) No. dwt cgt No. dwt cgtHyundai H.I. Ulsan South Korea 9 - 640 176 2,395 49 5,631 1,956 131 13,950 4,720 1Samsung S.B. Koje South Korea 3 - 640 170 1,081 35 4,184 1,362 114 13,342 4,597 2Daewoo S.B. Okpo South Korea 2 - 530 235 1,365 36 5,086 1,276 89 9,987 3,817 3Hyundai Mipo Ulsan South Korea 4 4 380 40 87 24 788 479 89 3,662 1,733 4Hyundai Samho Samho South Korea 2 - 512 164 415 22 3,275 650 53 7,037 1,626 5Mitsubishi H.I. Nagasaki Japan 2 2 375 199 506 5 328 398 20 1,671 1,327 6STX Shipbuild. Chinhae South Korea 1 3 320 41 204 18 756 338 59 3,053 1,171 7Tsuneishi Zosen Numakuma Japan 1 2 266 88 387 18 1,328 367 58 4,595 1,147 8Hanjin H.I. Busan South Korea 4 4 302 94 264 10 535 254 28 1,849 1,064 9Stocznia Gdynia Gdynia Poland 2 - 380 92 201 11 322 257 28 1,104 1,009 10I.H.I. Kure Japan 3 7 488 234 334 8 1,371 358 22 3,565 931 11Kawasaki H.I. Sakaide Japan 2 - 450 203 368 5 428 181 16 1,418 884 12Kanasashi K.K. Toyohashi Japan 1 - 275 60 234 9 482 170 17 381 849 13Imabari S.B. Marugame Japan 2 - 290 73 402 18 1,232 419 29 1,676 845 14Hudong S/Yard Shanghai China P.R. - 10 280 67 178 6 399 109 33 2,231 819 15Oshima S.B. Co. Oshima Japan 2 - 535 73 316 25 1,382 401 49 2,723 813 16CSBC Kaohsiung Taiwan 2 - 950 232 271 11 936 276 28 1,920 780 17Universal S.B. Ariake Japan - - - 160 0 1 298 48 17 4,840 754 18Universal S.B. Tsu Japan - - - 160 0 0 0 0 22 4,347 735 19Fincantieri Monfalcone Italy 1 - 350 131 232 2 15 274 5 43 708 20Mitsui S.B. Chiba Japan 3 6 419 189 363 8 1,234 269 13 2,114 653 21Shin Kurushima Onishi Japan 2 - 276 75 237 11 366 276 30 1,159 610 22Shina S.B. Chungmu South Korea - 3 165 34 91 7 200 106 29 1,182 605 23Dalian New Yard Dalian China P.R. 1 2 365 161 184 4 421 85 18 2,374 548 24De l'Atlantique St. Nazaire France 1 - 900 261 254 3 20 293 5 74 510 25Szczecin. Nowa Szczecin Poland - - - 35 0 5 103 91 23 835 500 26Nantong S.B. Nantong China P.R. - - 360 160 16 5 514 140 21 1,501 481 27Jiangnan S/Yard Shanghai China P.R. 3 2 232 41 128 7 388 127 23 1,090 472 28Namura Zosensho Imari Japan 1 - 450 114 213 12 896 239 18 2,538 456 29Odense Lindo Lindo Denmark 3 - 415 167 236 5 482 271 9 782 454 30Brod. Uljanik Pula Croatia - 2 225 139 113 5 132 127 20 664 453 31Waigaoqiao S/Y Shanghai China P.R. - - - 0 0 0 0 0 16 2,609 441 32Fincantieri Marghera Italy 1 2 340 85 188 1 7 105 4 29 420 33Sasebo H.I. Sasebo Japan 5 - 370 154 223 5 640 131 18 1,702 419 34Dalian Shipyard Dalian China P.R. 2 3 230 72 171 7 262 143 21 875 406 35Mitsui S.B. Tamano Japan 2 5 386 72 161 7 380 106 24 1,457 405 36Koyo Dock K.K. Mihara Japan 1 5 378 86 227 6 425 270 12 768 400 37* Capacity output is defined as (1) the largest vessel built at the yard in gross tons (2) the maximum annual output for each yard in CGT since 1991. All DWT, GT and CGTfigures in this table are in ,000's. Ranking of shipyards in the table are based on the current orderbook measured in CGT.Clarkson Research StudiesPage 16Jul-03