French orders to foreign shipyards

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84 Croix du Sud, toothfish vessel, 633 grt, blt 1987 by Molde Verft, lenghtened by Chantiers Piriou in 1999, owned by Sapmer In other oceans, catches were generally abundant. The following consequences came about as a result of this situation: • Catches were excessive regarding to tuna transformation industries processing capacities, which are augmenting only gradually. • Prices have fallen to their lowest point in twenty years, to $400 cif Bangkok, compared to the former low of $600 and a high of $1,200. • Huge reserves of frozen tuna have been amassed in refrigerated warehouses in Thailand, Korea, Ecuador and Spain (in Galicia). The main facts concerning refrigerated tuna freezer seiners are as follows: • Very few vessels are on order. Their total number is estimated at seven, mainly for Spanish or dual nation registration. Two are on line for GIE France Thon, ordered through the Piriou shipyard at Concarneau. The significant factor for 1999 was the increase in size of ships ordered: now jumbo boats are more than 3,000 cbm of tank capacity. • With low tuna prices, few second-hand deals are underway. Two notable exceptions are the “Gombessa” and the “Avel Huel”, sold to Ghanaian buyers. The other major event of 1999 was the sale of Saupiquet Armement, a subsidiary of the Saupiquet Company, to the Italian company Trinity. The worldwide fleet of large tuna freezer seiners (i.e., with a capacity superior to 850 cbm) is currently estimated at 380 ships. The principal shipowner countries are: Japan 32 vessels Mexico 43 vessels Korea 30 vessels Equator 40 vessels Taiwan 36 vessels Spain 55 vessels United States 48 vessels France 28 vessels This fleet generates a potential harvest of over 3 million tons of the different tuna species per year, including Yellowfin, Skipjack, Bigeye, Albacore - Bluefin is considered apart. Toothfish: background and trends Another event occurring in world fishing was the increase in toothfish catches, a species that varies in weight from 4 to 80 kilos. This fish is caught mainly in southern waters, ranging from Reunion, Mauritius, South Africa, Chile, Argentina and New Zealand through to Southern Georgia, Bouvet, Crouzet and the Kerguelen Archipelago. Toothfish is highly prized on the Japanese and US markets, where prices have reached up to $14,000 per ton. Toothfish are caught using longliners in difficult waters, requiring the use of processing ships of more than 50 meters length, which are capable of running main lines and dry freesing of fish to -40°C.
45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Dwt 1966 1967 Main lines have from 13,000 to 16,000 hooks each and are laid over hundreds of nautical miles. They are also heavily ballasted to ensure that they sink rapidly once in the water, avoiding the entrapment of endangered bird species such as the albatross and the petrel. A certain number of vessels have been taken under bare-boat charter or bought on the second-hand market and refitted, including “Northern Pride”, “Norse Pride”, “Shinko Maru n°11” and “Aldebaran I”. The sale of “San Aotea” (40 meters of lenght, longliner, built in Norway in 1988, 1,000 bhp) for about 3 million $ indicates the firm interest for such ships nowadays. The likelihood of both sustained high catches and price levels seems uncertain. Harvesting of toothfish - which can live up to 56 years according to the Museum of Natural History - is being regulated by countries in whose waters the southern fishing zones fall, in an effort to conserve their resources. Forecasts 1968 1969 1970 1971 1972 On both the domestic and international markets, the importance acquired by the Piriou shipyard at Concarneau and its R&D section specialised in fishing technology, are greatly contributing to maintaining French expertise levels and a sizeable fleet. The orders of two tuna freezer seiners at the Piriou shipyard were managed through a “GIE fiscal”. It is important 1973 1974 Tuna purse seiner existing fleet as at December 15, 1999 (by year of build) 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 to note that fishing vessels were excluded from the previous fiscal investment scheme: now there exists a significant hope factor for shipowners who can renew their fleets using the tax-lease GIE method, which entails a savings of roughly 20% on new vessel orders. This scheme can function all the better considering that fishing vessel shipowners behave like long-term industrial investors. Additionally, the GIE scheme requirement of retaining vessels under French registration for a minimum of 64 months does not constitute an obstacle to maintaining the fishing fleet. 1993 1994 1995 1996 1997 1998 1999 on order 2000 2001 T h e f i s h i n g v e s s e l m a r k e t S H I P P I N G A N D S H I P B U I L D I N G M A R K E T S 2 0 0 0 85
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Bad and good reasons ? At the end o
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The shipbuilding market in 1999 The
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Quarterly orders in gross tonnage (
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In contrast, most Chinese shipyards
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As an example, production costs for
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China As it was the case last year,
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10 9.5 9 8.5 8 7.5 7 The European C
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The Asian challenge is clearly felt
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Norway Norwegian shipyards, which a
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The cruise market in 1999 1998 was
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success. Carnival tried in vain to
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European sector. Very few second-ha
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The containership market in 1999 Br
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(before absorption), Evergreen, P&O
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Teu 300,000 250,000 200,000 150,000
Page 33 and 34: 4,000-4,999 teu 17% 3,000-3,999 teu
Page 35 and 36: The reefership market in 1999 Anoth
Page 37 and 38: The spot market Compared to 1998, t
Page 39 and 40: concluded until very late. • Expo
Page 41 and 42: The dry bulk market in 1999 The pes
Page 43 and 44: 14 12 10 8 6 4 2 0 Jan 96 US$/tonne
Page 45 and 46: US$/day 15,000 13,000 11,000 9,000
Page 47 and 48: older ladies in the 15 years-old br
Page 49 and 50: The tanker market in 1999 Crude •
Page 51 and 52: 15% At the same time, youth in the
Page 53 and 54: for us just how stagnant this marke
Page 55 and 56: their specifications and their SBT
Page 57 and 58: Dwt 12,000,000 10,000,000 8,000,000
Page 59 and 60: The chemical carrier market in 1999
Page 61 and 62: the previous year. Deliveries for t
Page 63 and 64: There are two corollaries to this.
Page 65 and 66: The liquefied petroleum gas shippin
Page 67 and 68: We believe that further consolidati
Page 69 and 70: In this respect, the Chevron/Dynegy
Page 71 and 72: Perceptions As mentioned, the conso
Page 73 and 74: The liquefied natural gas shipping
Page 75 and 76: In Malaysia, the Japanese market wi
Page 77 and 78: The offshore market in 1999 Allow u
Page 79 and 80: The oil-drilling world also acknowl
Page 81 and 82: 35,000 30,000 25,000 20,000 15,000
Page 83: The fishing vessel market in 1999 D
Page 87 and 88: The marine insurance markets in 199
Page 89 and 90: of future resources in order to mee
Page 91 and 92: French shipyards deliveries and ord
Page 93 and 94: Chantiers Piriou • Ships delivere
Page 95 and 96: French orders to foreign shipyards
Page 97 and 98: • Samsung (South Korea) FDS 2000
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French orders to foreign shipyards

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