> Who owns what? > Who operates what? > What is the calendar of delivery of newbuildings by operator, by owner, by size ranges, by year?

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1 Weekly News Week 2009/ to AXS-Alphaliner News is a weekly summary of the latest liner shipping news compiled by Alphaliner and published daily on the AXS-Alphaliner website. It is ed every Monday night, and is available free of charge upon request, at our discretion. Information is given in good faith but without guarantee. Please send your feedback, comments and questions to data@alphaliner.com > Who owns what? > Who operates what? > What is the calendar of delivery of newbuildings by operator, by owner, by size ranges, by year? These questions are one of those answered in a brand new AXS-Alphaliner document based on the world containership fleet at 1 st January A set of detailed tables ranks over 250 carriers that currently operate in the liner trades. Newbuilding information is provided based on known operator/charter information. The uncommitted fleet comprising charter-free vessels ranked by non-operating owners is also included. Please contact AXS-Alphaliner for details Zim to renegotiate orders Zim is taking various measures intended to cope with the changes in the market conditions, including negotiating the cancellation of the ships on order, or deferring the delivery dates and rescheduling payments, according to a statement issued yesterday. It also plans the return of certain leased ships to their owners at the end of the contractual lease periods, the re-organization of certain lines, and laying up ships. At this stage, 16 ships have been laid up, whose container capacity constitutes 20.5% of the total transportation capacity of Zim, however this figure is expected to increase during the course of 2009, for as long as the crisis mentioned above continues, says Zim. Parent company Israel Corporation advised last November that it could provide Zim with funds of up to USD 150 M if required. Zim's orderbook is bigger than its current fleet, as it stands at 41 ships for 290,000 teu (of which 29 owned - including 9 x 12,500 teu and 8 x 10,000 teu), against an existing operated fleet of 101 ships for 277,000 teu, according to Alphaliner records. Senator ceases business The shareholders and the management of Senator Lines agreed to cease operation at the end of February 2009, according to a company statement issued last week. Hanjin is the main shareholder with 80% of the shares. The remaining 20% are held by German interests. The economic context is at the ori- Page 1 of 9

2 gin of this decision. Senator Lines will fulfil its contractual obligations with shippers. 98 employees are affected at its German sites in Bremen, Hamburg, Munich and Dusseldorf. It is expected that main shareholder Hanjin will take under its umbrella the Senator services. Most of these services are already shared by the two companies, apart from a few exceptions, such as the Med-Canada services and the Europe-ECSA services. Senator Linie was set up at Bremen in 1987 to establish a round the world service using -ironically- surplus vessels of the rapidly-growing German financing houses and ship managers in a time of economic lows, according to Alphaliner archives. In 1994, it was merged with East German shipping company Deutsche Seereederei Rostock (DSR) into a new entity named DSR-Senator. Both companies had been cooperating since Later on, shipbuilder Bremer Vulkan took a controlling stake in the company, which helped the yard to fill its orderbooks. DSR-Senator started to cooperate with Hanjin in 1994 (slot exchange agreements). In February 1997, Hanjin took a share of 70% in DSR- Senator. The company had lost money since its creation and one of its main backers, Bremer Vulkan, later went bankrupt. Other shareholders were Bremen state-owned investment holding Bremer Investitionsgesellschaft (BIG) and DSR-Laeisz. Black Sea loop closed The New World Alliance (APL + MOL + HMM) and Grand Alliance (Hapag-Lloyd + NYK + OOCL + MISC Bhd) are to suspend their joint Asia-East Mediterranean/Black Sea Express service (EBX / ABX). Hanjin and UASC also used this service as slot buyers. The EBX has been operating since mid- June 2008 and deploys eight ships offering an average capacity of 5,000 teu. It resulted from the merger of two rival NWA and GA services into a single loop. The last westbound sailing of the EBX will depart Shanghai on 12 February However, although the cooperation with TNWA on the ABX service has been suspended now, the Grand Alliance will continue offering alternative coverage between Asia and the Black Sea/East Med ports, in a way not yet announced. After the EBX / ABX closure, four loops continue to directly cover the Far East- Black Sea trade, down from ten loops in May *** New *** AXS-Alphaliner Far East-North Europe Survey Issued October 2008 Updated December 2008 DSR sold its 10% share to Hanjin in 1999, which led to a renaming of the company. The line traded as 'Senator Linie' from 1st July Since then, the Senator Linie stock is held by Hanjin (80%), Laeisz (10%) and BIG (10%). Further to the 1999 disposal by DSR of its 10% share in DSR-Senator, DSR no longer has any participation in the company. The venture was then renamed Senator Linie on 1st July > See the website to list the services offered by Senator Lines. Tariff structure & adjustments in a post-conference world Supply forecast - Too many ships? Slow steaming Fleet Forecast Market shares by carrier Carriers profiles & services Price : EUR 1,500 Page 2 of 9

3 SAECS adds seasonal reefer capacity The SAECS pool (Maersk Line + Safmarine + MOL + DAL) is to strengthen its capacity on the South Africa-Europe run with the addition of the 'SAECS Reefer Express Service', a fortnightly loop alternating with the existing fortnightly SAECS 2 loop, so that weekly departures are offered from ports common to both loops. The SAECS 1 loop remains unchanged. The current SAECS 2 turns in eight weeks, using four ships of 1,600-1,850 teu. The new 'SAECS Reefer Express Service' will turn in six weeks on a truncated rotation, using three ships of a size comparable to the SAECS 2 units. It will be limited to four ports, with Cape Town as sole South Africa loading port, and Lisbon, Antwerp and Thamesport as European destination ports, although this remains to be confirmed. The SAECS 1 continues to be run with seven ships of 4,500-4,900 teu. The Maersk-chartered SAN ANDRES (1,842 teu reefer plugs) is expected to initiate the new loop next week. The SAECS 2 will continue to be run with 12 calls - including double calls in South Africa and a new call at Thamesport, to be included later this month. The extra capacity will allow accommodating the seasonal demand for reefer cargo for the austral hemisphere fruit season. This seasonal reinforcement has become a tradition. The new scheme will be introduced this month, with the three extra ships brought progressively over a six-week period. It will result in a weekly, seven-vessel service for the peak reefer season period, anticipated to run from April 13 to the end of the reefer season (presently expected to run until September). Idle ships as storage units Some liner companies have come up with a new use for their surplus boxships. Over the course of the last two months, several large units sitting at Far East anchorages were spotted with deckloads of empty boxes. Some carriers figured that is was cheaper to pay a handling charge once and have their empties loaded onto their ships, rather than paying the daily per-teu storage fees charged by terminal and container depot operators (used when the carrier's own depots are full). State-of-the-art containerships have thus become mere storage hulls, anchored in roads in the vicinity of Singapore, at Hong Kong s anchorages or in the Hangzhou Bay. While certainly not the most dignifying use for a container vessel, empties storage at sea allows carriers so save significant amounts of money, since storage fees -though individually rather modest- add up over time and with an ever-growing inventory of unwanted empties. On the downside however, the move seems to be a pointer towards a rather bleak perspective for the industry and towards little faith in a quick recovery of the market. Various Lines News Evergreen Line is understood to suspend its Far East-Med 'Adriatic Express' service (ADR), which offers a weekly capacity of teu. The Adriatic would then be served by transhipment over Taranto, using the UAM Pendulum. Five of the seven 4,298-5,090 teu ships plying the ADR are to replace the five 2,800 teu ships plying the transpacific CPN service. Hapag-Lloyd said that it will continue the services between Montreal and the Mediterranean provided in cooperation with Senator Lines (Joint Med Canada Services - JMCS. Eight ships of 1,000-2,000 teu are in principle deployed (four per loop), although currently reduced to seven ships following the departure of the 1,600 teu BARMBEK. Two of them are contributed by Senator. Page 3 of 9

4 In a notice to the trade, it is said that Hanjin Shipping, as parent company of Senator Lines, is presently investigating the possibility of continuing the Canada- Mediterranean service in conjunction with Hapag-Lloyd. K Line is to launch a new weekly service between South Africa and West Africa. The service will enable K Line to tap into the growing Asia to West Africa market by linking this new service with its Asia to South Africa service. The new service will be operated independently by K Line. It will connect Cape Town to Tema (Ghana), Lagos (Nigeria) and Cotonou (Benin), using four ships of an advertised capacity of 1,000 teu. The first sailing will occur at the beginning of April 2009 from Cape Town. Maersk Line is to revise its Central America-USEC 'South Atlantic Express' (SAE), with the inclusion of Savannah and Wilmington (NC), and the removal of Charleston. The service remains run by the 1,392 teu CMA CGM TARRAGONA and CMA CGM TANGIER. CSAV has launched a weekly feeder service connecting the Argentine ports of Bahia Blanca and San Antonio del Este to Montevideo, where it connects to the company's services to Europe and Asia, and, by second transhipment, to the US. The new service, dubbed ''Doña Paula'', focuses on reefer containers and is run with the 1,696 teu CSAV ROTTERDAM, fitted with 280 reefer plugs. CSAV has assigned two ships of about 2,470 teu to its new weekly NCSA feeder service (Orinoco), the CSAV PETROHUE and BUXFAVOURITE. Swan Container Line is to add Aarhus and Goteborg to its Rotterdam- Hamburg-St Petersburg service, effective mid-february. SITC has organized a weekly service connecting Japan to Shanghai and Xiamen (SKT), encompassing two existing services. Evergreen is to add Taipei to four deep sea loops : > Transpacific HTW service > WCNA-Asia-Med pendulum service (UAM) > Asia-Europe Pendulum (UAE) > Far East-Middle East Gulf service (APG) and to six intra Asia services : > 4 x Japan-Taiwan-SE Asia services > Taiwan-Thailand service (TWT) > Korea-Taiwan-Philippines service (KTP) The ships will be handled at the Taipei Port Container Terminal (TPCT), a new deep water container terminal located in the new Taipei port located 20 km west of Keelung, operated by Evergreen, Wan Hai Lines and Yang Ming Line. Subscribe to the AXS-Alphaliner website to get the news on a daily basis with full service rotations, ships deployed and context Corporate CoMaNav CMA CGM's Moroccan subsidiary Compagnie Marocaine de Navigation (Co- MaNav) has sold its passenger division to Comarit, a Moroccan company also operating passenger ferries. CMA CGM bought CoMaNav in May CoMaNav brought to CMA CGM container and freight roro services between Europe and Morocco as well as a 20% share in the new 'Tanger Med 2' terminal, adding to the 20% share already owned by CMA CGM. The passenger division came with the CoMaNav package but remained a satellite which is now spun off. Of note, a jv agreement negotiated with ferry operator Balearia soon after the purchase failed. Page 4 of 9

5 Hapag-Lloyd Germany s TUI said it would not loan to the Hamburg Alliance in order to facilitate the sale of the container line Hapag- Lloyd, but is considering ''financial aid'' for Hapag-Lloyd after the unit is sold to a Hamburg-based group of investors. Any possible aid to Hapag is meant to ''assure the liquidity of the shipping line after the closing of the deal'', according to an ed statement from TUI. Deliveries Maersk Line has received this week-end the MARIT MAERSK, its fifth and penultimate 10,000 teu M-class unit from Odense Shipyard. She follows her earlier sister METTE MAERSK, handed over in October Odense shipyard s sextet of M-class boxships will be completed in April with the delivery of MATHILDE MAERSK. This ship will not only be the last of the series, but it will also close a chapter of shipbuilding history. Ailing Odense Staalskibsvaerft has no further container vessel orders in its books and recently announced a revision of its business model and a focus on small specialized ships. OOCL has received the 4,578 teu OOCL NORFOLK, seventh of a 16 ships series ordered at Samsung in several steps (starting from August 2004 at Samsung). She is currently lying at the yard, believed without assignment. Terminals Vietnam / Cang-Cai Mep The new ship will perform a single eastbound voyage on Maersk Line s AE-1 service to Shanghai, where she will enter her owners AE-6/TP-6 pendulum, which links the US West Coast, the Far East and the Mediterranean. She will complete the upgrading of this service to the 9,500-10,000 teu scale (Maersk s Odense-built M- and G-classes), up from 8,400 teu (average) a few weeks ago, pushing out the 8,650 teu ARNOLD MAERSK. MARIT MAERSK s eastbound positioning trip in the AE-1 is somewhat remarkable, since the ship will perform a call at Hamburg in mid-february. The new 367 metre vessel will thus claim the distinction of being the longest containership ever to call at the German main port which lies some four hours of steaming from the open sea. MARIT MAERSK s Hamburg call with thus be some kind of a reality check for the German pilots and tug crews who have started training river passages and docking procedures for 350+ m ships in simulators quite a while ago, as the port prepared for the deluge of ULCS that will come on stream over the next couple of years. Hanjin Shipping, MOL and Wan Hai have set up a joint venture with Saigon New Port to construct a dedicated container terminal at Cang-Cai Mep, Vietnam. The terminal which is branded Cang-Cai Mep International Container Terminal, is scheduled to open during the 1st quarter of It is located in the Ba Ria-Vung Tau province just east of the Mekong Delta and south of Ho Chi Minh City. Its two berths will accept ships with a 14 m draft (7,000 teu) and will have the capacity to handle approximately 1.15 Mteu annually. At the occasion of the contract signing, Hanjin said that, since a dedicated terminal would ensure constant availability of berths for its vessels, the new facility would greatly improve its schedules and service reliability in the region. The line was confident that Cang- Cai Mep will serve as one of its hub port for South West Asia. Vietnam s Ba Ria-Vung Tau province has attracted quite a number of container terminal projects in recent years, as shipping lines and port operators gear up to put Vietnam on the map when it comes to mainline container loops. So far, most container volumes into and out of the country are either carried on regional services or feedered from hubs Page 5 of 9

6 like Singapore and Tanjung Pelepas in the south or the Pearl River Delta ports in the north. Among the terminal developments in the Ho Chi Minh area are projects by APM Terminals and CMA CGM as well as a recent rumour about plans from Yang Ming. Busan / Hanjin Hanjin Shipping announced that its Busan New Port Phase 2-1 Terminal now started operations. The HANJIN LOS AN- GELES, a panamax-sized vessel employed in the Korean line s Far East- USEC 'AWE-1' service, performed the maiden call at the new facility. 85% of imports into Djibouti are destined for the land-locked Ethiopia and that the Emirates-based company is said to be interested in an investment into the Ethio-Djibouti railway line. This 700- kilometer narrow-gauge rail link connects Addis Abeba to Djibouti. Djibouti is to be increasingly used as a regional hub to serve East Africa and the Indian Ocean Islands. It handles already ships of up to 6,500 teu deployed by CMA CGM on its Med-Asia Express service (MEX) and its Europe-India EPIC service in order to serve the Indian Ocean Islands. Maersk Line s India-US MECL 2 service also calls there every two weeks since January. The new container terminal is part of the large-scale Busan New Port development scheme. It is operated by Hanjin Shipping s subsidiary, Hanjin New Port Corporation. The Phase 2-1 terminal has a size of about 70 hectares. It offers three berths with an added length of 1,100 metres and a draft clearance of 18 metres. According to its operator, the new terminal is expected to handle more than 2 Mteu of cargo annually. Djibouti DP World officially opened on Saturday its new Doraleh Container Terminal in Djibouti. Located a few kilometres west of the peninsular city and its traditional port, Doraleh is now among the largest and most modern container terminals in East Africa. The new USD 300 M facility has the capacity to handle 1.2 Mteu annually. Its 1,050-metre quay offers a draft clearance of 18 metres and it is equipped with ZPMC-built super-post-panamax gantries. The port of Djibouti is thus now able to accommodate the latest generation of VLCS and ULCS. At the occasion of the opening ceremony, DP World announced its plans to swiftly extend the terminal and raise its throughput capacity to 3 Mteu per year. In the context of DPW s involvement in Doraleh, it is worth noting that about Bahrain / APMT APM Terminals announced that its newlydeveloped Khalifa bin Salman port (KBSP) in Bahrain will open for business in April. According to the original development plan, the new terminal should have come on stream this month, but construction had fallen behind schedule. Presently, Maersk Line ships and other container carriers calling at Bahrain are handled at Mina Salman Port, which only offers a draft clearance of 10.5 metres and gantries that can handle ships of up to about 2,500 teu. The vast majority of callers at Mina Salman are feeder ships that connect Bahrain to mainline services via Jebel Ali. On April 1st, AMPT will gradually start migrating traffic from Mina Salman port to the new terminal. The new port is slated to be fully operational in late April. With all infrastructural work at KBSP completed, further delays in the schedule are not expected. The new USD 530 M facility will eventually provide some 2.5 Mteu of annual handling capacity. APM Terminals, who in 2006 signed a 25-year concession for both ports, said the new facility will act as a transhipment hub focusing on the Upper Gulf region, including Iran and Iraq. KBSP which is also marketed at Bahrain Gateway covers an area of 90 hectares. It offers berths with a total length of Page 6 of 9

7 1,800 metres, thereof 900 metres dedicated to container ships. Box vessels will be served by four post-panamax gantries while ten rubber-tired gantry cranes, primarily aimed at general cargo and multipurpose ships, can be moved to smaller container ships as well. Salalah / APL The container shipping line APL and Port of Salalah announced the creation of a 50:50 joint venture to operate a new two-berth container terminal. The new outlet will start operations in 2011, after completion of the planned expansion of the container terminal at the Port of Salalah, which is both the facility owner, its operator and the local port authority. The new terminal module will offer a total quay length of 700 metres and an annual capacity of 1.6 Mteu. Fitted with SPP-sized gantries, it will be capable of servicing the new breed of ULCS to come on stream over the next few years. Located on the southwest coast of Oman, Salalah serves as a transhipment hub that connects east-west container routes to the Middle East and South Asia regions. The Port of Salalah began operations in 1998 and currently has six container berths, with a total annual capacity of 4.5 Mteu. A further three berths are presently under development two of which will be owned by the joint venture created today. Port of Salalah, 30% owned by Maersk Line sister company AMP Terminals, has a 30-year concession to operate the port. The foremost callers at the Omani port are Maersk Line and MSC. Others include APL, the New World Alliance, MISC and CMA CGM. Jebel Ali DP World will boost box handling capacity at its flagship port with the inauguration of final construction phase of Jebel Ali s second container terminal. The completion of the new facility is scheduled for the end of February. Once in full swing, Jebel Ali 2 will have an annual capacity of five Mteu, thus bringing Dubai s total to about 14 Mteu per year. DP World invested a no less than USD 1.5 bn into the development which is located right at the port entrance, next to Dubai s well-known Palm Jebel Ali island. Jebel Ali 2 is equipped with ZMPC-built super-post-panamax gantries, ready to accept the largest container vessels afloat. In the light of the economic slowdown, DP World recently announced to be reviewing some of its expansion plans, but a spokesperson for the company told the press that he expected Jebel Ali to grow further, though possibly at a slower pace than anticipated. DP World assumes the port will continue to grow moderately in 2009, before rebounding to former strength in With anticipated growth in volumes in the mid-term, port officials at Jebel Ali presently review the development of a third large-scale container terminal in the not-too-distant future. Colombo The Sri Lanka Ports Authority has launched a second call for tenders for the construction and operation of the Colombo South container terminal scheme. A new request for proposals was published on January 31st. The deadline for bids is May 19th. A first tender for the development had been called off last year rather surprisingly partway through the process. The government cancelled it to bring in additional conditions a move that was very much criticised by the bidding groups engaged in the process. Back in October of last year, when it became clear that a new tender would be launched in 2009, Netherlands-based APM Terminals was among the first to reportedly show an interest, but it is not clear whether the company still sticks to this claim in the light of the deteriorating market environment. Page 7 of 9

8 Zim exits Ennore project Zim Ports, a wholly owned subsidiary of the Israeli Zim Integrated Shipping Services, has dropped out of the USD 300 M tender to build and operate the Ennore container terminal project north of Chennai, India. The company had been bidding jointly with NYK Line, Evergreen Marine, and Hyundai Merchant Marine and is part of one of four consortia that made it onto the port authority s short list. Reportedly, Zim Ports blamed the slowdown that hit the shipping industry for its decision to withdraw from the group in which it held a 22% stake, estimated to be worth some USD 66 M. The new Ennore container terminal is intended to handle an annual volume of 1.5 Mteu when it opens in The tender will be awarded under a 30-year operating license. Besides, the Ennore container port project, which recently saw the Israeli Line Zim drop out of the race, might face delays as parties excluded from the tender s short list scored a partial victory in court. The Madras high court now directed the port management to reconsider its decision to exclude a number of groups in the first round of the bidding process. Eight consortia had filed a complaint about their allegedly unfair treatment. Among these was PSA of Singapore, one of the world s leading terminal operators. despite the drop-out. Ennore Ports went on to add that Zim s withdrawal would not materially affect the NYK-led consortium and its bid to operate the Ennore terminal Ecuador / Manta Hutchison Ports has reportedly bailed out of its concession to develop the port of Manta, Ecuador. The port operator blamed the local government s repeated attempts to unilaterally change the concession agreement for its decision to quit. The Manta project had been pursued by Terminales Internacionales de Ecuador (TIDE), a HPH subsidiary. The company had been awarded with a 30-year late in Recently the Manta port authority accused the Hong Kong-based terminal operator of delaying the USD 520 M project. The statement even prompted Ecuador s president Rafael Correa to threaten to declare all contracts between the two parties null and void. Until recently however, HPH on the other hand claimed to be in compliance with all aspects of the concession and said it was still determined to go ahead with the scheme. It is not clear how much money HPH already invested in Ecuador and how much of the investment will be lost. TIDE for its part committed to cooperate with the port authority of Manta in order to facilitate an orderly transition of the operations, before withdrawing entirely. The court now ruled that Ennore Port has to review five of the eight submissions it dismissed earlier on. Interestingly, the abovementioned Zim dropped out of the tender process, despite being part of a shortlisted group. Obviously, the Israeli Shipping line or more precisely its wholly-owned affiliate Zim Ports - was no longer keen on the project. An Indian newspaper quoted Zim saying that the group s port and liner activities were not necessarily closely linked and shipping activities in India will continue as before with plans to grow at the right time - Hamburg For the first time in years, throughput at the German main port of Hamburg stagnated. In 2008, Hamburg s terminals handled a total of M tonnes of cargo, including about 9.7 Mteu worth of containers. Container handling at Hamburg is almost exclusively in the hands of the publiclyowned HHLA with its three terminals and of the Eurogate Group s Hamburg facility. Whereas HHLA s terminals still re- Page 8 of 9

9 corded a 1.2% year-on-year increase in terms of teu throughput, Eurogate s Hamburg volumes dropped 7.7% to a handling total of 2.7 Mteu. On the bottom line, volumes thus saw a 1.5% decline. Like most of the world s main container ports, Hamburg did rather well in the first half of 2008, before the worldwide economic slowdown brought growth to a standstill. Especially the fourth quarter caused quite a lot of hail-damage to the statistics: With a total of 2.2 Mteu handled, trade was very slow in the final three months of the year and remained 10.3% below the numbers for the corresponding period of of 1.46 Mteu and the state-owned box facilities at Jawaharlal Nehru (JNPT) moved 1.19 Mteu across the quays. All three terminals mainly serve the need of the huge Mumbai metropolitan area with its more than 20 M inhabitants. Ever since the terminals at Nhava Sheva have been established, container handling at Mumbai s old port has dwindled. Mumbai only handled some 0.08 Mteu in India s second-largest port, Chennai on the subcontinent s east coast, handled 1.2 Mteu in 2008, up from 1.05 Mteu in With volume stagnation on the horizon, Hamburg s Senator of economic affairs recently used the occasion to announce that Hamburg s port expansion scheme would need to be reviewed since it did not make sense to invest into idle port capacity. The Senator s statements however faced initial opposition from maritime lobby groups and the Hamburg Chamber of Commerce, who pointed out that the recent slowdown should be regarded as an opportunity too : a temporary dent in container volumes would give Hamburg some breathing space to go ahead and pursue the ports numerous capacity expansion schemes, many of which had slipped behind their initial timelines. The Senator later put his statement into perspective and added that the capacity expansion schemes will indeed be pursued with due determination. Mumbai Container throughput at the Port of Jawaharlal Nehru (Nhava Sheva near Mumbai), India's largest container port, grew by 7.5% in The terminals in the Indian state of Maharashtra handled a total of 4.17 Mteu last year. APMT- Concor Gateway Terminal (GTI), handled some 1.52 Mteu. The DP World-managed Nhava Sheva International Container Terminal (NSICT) recorded a throughput Page 9 of 9