WEEKLY SHIPPING MARKET REPORT

Transcription

1 WEEKLY SHIPPING MARKET REPORT WEEK th March to 26 th March Legal Disclamer The information contained herein has been obtained by various sources. Although every effort has been made to ensure that this information is accurate, complete and up to date, Shiptrade Services S.A. does not accept any responsibility whatsoever for any loss or damage occasioned or claimed, upon reliance on the information, opinions and analysis contained in this report. Researched and compiled by: Shiptrade Services SA, Market Research on behalf of the Sale & Purchase, Dry Cargo Chartering and Tanker Chartering Departments. For any questions please contact: market-research@shiptrade.gr Shiptrade Services SA Tel snp@shiptrade.gr 1st Floor, 110/112 Notara Street Fax chartering@shiptrade.gr Piraeus, Greece tankerchartering@shiptrade.gr

2 Shipping, Commodities & Financial News Capesize misery continues A decline in demand for Capesize vessels has been countered by an improvement in demand for Panamax vessels, according to the latest Dry Bulk Insight, published by Drewry Maritime Research. This left the Drewry Hire Index unchanged from January s level. Panamax was the sole segment to record an improvement in earnings in February. Rates for vessels doing round voyages from Far East to East Australia more than doubled, rising from $3,954pd to $6,818.Weather-led disruptions in transport have affected Australian coal exports and will continue to do so as the mines are still flooded. There was a 19% decline in coal exports from the four major ports of Queensland in January.Colombian coal production was severely diminished throughout the month as indefinite strikes due to labour disputes at the country s largest thermal coal exporter, Cerrejon, halted production. Colombia is losing almost 150,000 tonnes of output every day as a result of the strikes. Meanwhile, Columbia s third largest exporter, Drummond, has been banned from exporting coal as it has violated environmental laws. All these problems have collectively led to a decline of 85% in Colombia s daily coal output. While Cerrejon and Drummond should recover quickly from the current situation, Columbia s main railway operator might reduce its coal throughput, leading to slower export growth in the long term. The Drewry Hire Index takes 18 different trade routes, covering all the sectors of dry bulk market. Each sector is weighted within its market to produce a time charter earning index. These are averaged into the overall Drewry Hire Index. January 2002 is designated as the point where all indices equal 100. (Drewry Maritime Research) Cyprus banks to stay shut after bailout Cyprus' banks will remain shut until Thursday to give regulators time to guard against a run on deposits, the Ministry of Finance announced. Cyprus agreed early Monday to raise billions of euros from big depositors at the Bank of Cyprus and Popular Bank of Cyprus, and to shrink its banking sector dramatically, in return for a 10 billion European Union rescue package. The tiny island had allowed its banking industry to grow to about seven times the size of the economy, based on total assets, attracting depositors and businesses with its low rate of tax. But the banks were brought crashing down by losses on Greek government debt, pushing the country to the brink of bankruptcy. Cypriot President Nicos Anastasiades said in a statement Monday that the bailout package would avert "the collapse and the bankruptcy of the state," and that the banking system "will be stabilized." "The danger for the bankruptcy of Cyprus is definitely left behind and the tragic consequences for the economy and the society are averted," Anastasiades said. "I don't even want to think what our day would be tomorrow without an agreement." The original terms of the bailout, announced on March 16, included a levy on all Cypriot deposits including those of less than 100,000 insured under EU rules. That provision was thrown out by Cypriot lawmakers but not before long queues had formed at ATMs as people rushed to withdraw their savings. Limits on withdrawals were introduced and the banks remained shut all last week after the European Central Bank said it would cut off emergency funding if Cyprus was unable to agree to a bailout with the EU and International Monetary Fund. Monday was a scheduled bank holiday in Cyprus. The ECB said Monday it would continue to provide emergency liquidity assistance, given the agreement on "restoring the viability of the Cypriot financial system," but would continue to monitor the situation closely. By clinching a bailout, Cyprus has at least temporarily avoided financial collapse and secured its place in the eurozone, but will pay a high price as one of its main service industries contracts rapidly and foreign investors seek a safer home for their cash. Deposits of over 100,000 at Bank of Cyprus and Popular Bank will be frozen until they have been restructured. Popular Bank will be split up, its viable assets and insured deposits transferred to Bank of Cyprus, and its non-performing loans moved into a bad bank that will be wound down. Big depositors at Popular Bank face complete wipe-out, along with shareholders and bondholders. The losses facing big depositors as part of a deposit-equity conversion at Bank of Cyprus have yet to be determined but could be around 30%, a Cypriot government minister said Monday. Again, shareholders and bondholders will be tapped first. The Cypriot parliament last week gave the government powers to implement temporary capital controls, which would restrict depositors from moving their money out of the country. It remains unclear exactly what sort of restrictions will be implemented, however. Anastasiades said in his statement that on Tuesday, Cyprus' Central Bank "will implement... certain restrictive measures with regard to financial transactions," though he did not provide specifics. "It concerns a very temporary measure, which will gradually be relaxed," he said. "I want to assure you that we will do whatever possible so that we can return soon to full normalcy." (CNN Money) Oil rises ahead of US durable goods data The price of oil rose above $95 per barrel Tuesday ahead economic data from the U.S. that is expected to reflect a recovery in orders of durable goods.benchmark crude for May delivery was up 45 cents to $95.26 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose $1.10 to finish at $94.81 a barrel on the Nymex on Monday.The U.S. Commerce Department will release data later Tuesday on February orders for factory-produced durable goods - items expected to last at least three years. Analysts at Capital Economics said in a market commentary that they expect to see a "sharply" higher number.the consensus forecast is that orders rose 3.7 percent after a 4.9 percent drop in January.Brent crude, used to price many kinds of oil imported by U.S. refineries, fell 17 cents to $108 a barrel on the ICE Futures exchange in London. In other energy futures trading on the Nymex: - Wholesale gasoline rose 0.5 cent to $3.059 a gallon. - Heating oil was steady at $2.983 a gallon. - Natural gas rose 4 cents to $3.905 per 1,000 cubic feet. (Associated Press) China Thermal Coal Supplies Rise to 32-Week High as Price Slides Power-station coal stockpiles at China s largest port for the fuel rose to the highest level in 32 weeks as prices slid to a three-year low. Inventories of coal with an energy value of 5,500 kilocalories per kilogram at the port of Qinhuangdao climbed to 8.3 million metric tons as of yesterday, the China Coal Transport and Distribution Association said today in Beijing. That s the highest since July 29, according to data compiled by Bloomberg. The price of the fuel for immediate delivery was at a range of 610 yuan ($98.22) TO 625 yuan a ton as of yesterday, down 5 yuan from the previous week and the lowest since October 2009, the data show. Utilities in China, the world s biggest energy user, cut coal consumption as hydro power generation increased in the first two months, according to Helen Lau, a Hong Kong-based analyst at UOB-Kay Hian Ltd. Stockpiles also rose because the landed cost of imported coal is about 10 yuan to 20 yuan a ton cheaper than domestic supplies, she said. Coal at the Australian port of Newcastle, a benchmark grade for Asia, cost $89.15 a ton as of March 15, according to data from IHS McCloskey. Power plants are keen to restock inventories when domestic coal is still at a premium to imports, leading to high inventories, Lau said. Chinese prices are close to a bottom as the country s power demand is set to pick up in the second quarter, she said. Power Consumption China s hydropower generation from its biggest plants rose 24 percent to 82 billion kilowatt-hours in first two months, data from the China Electricity Council showed March 18. Thermal power generation rose 1 percent to 643 billion kilowatt-hours. Electricity use will increase by as much as 8.5 percent this year to as much as 5.33 trillion kilowatt-hours, the council, a group of the nation s biggest electricity providers, said in a statement on its website. Growth in total electricity output slowed to 3.4 percent in the first two months of 2013 from December s 7.6 percent. Industrial production, which accounts for about two-thirds of the nation s electricity use, had the weakest start to a year since 2009, data from the National Bureau of Statistics showed Mar. 9. (Bloomberg) 1

3 Sale & Purchase In holiday mood Last week the Sale and Purchase market, was interesting enough despite the absence of Greek buyers due to holidays. In the dry sector various vessels were sold of different sizes and age. In the wet sector, the buyers were not as active as during previous periods. Notable is the sale of the Panamax bulk carrier GOOD FAITH (abt dwt, built China 2012), which was reported sold for a price of USD 20 million to Greek based buyers. Shiptrades enquiry index was stable as previous. Once more in the dry sector handysize vessels ageing between early 90ies upto modern are of serious interest. Furthermore buyers keep on concentrating on handymax, supramax and panamax vessels built late 90ies up to modern. In the wet sector the amount of incoming enquiries for MR tankers had a slight fall. Furthermore buying interest for modern Aframax tankers remained strong. NEWBUILDINGS In the newbuilding market we have seen 31 vessels to have been contracted. 16 Bulk Carriers (Cape, Supramax, Handymax) 4 Tankers (Aframax) 11 Containers DEMOLITION The demolition market was stable last week. Bangladesh remained as weak as previously reported. In Pakistan the sales have increased in the wet-side. In India, the prices are in region of USD per LT. The Chinese market remains at the same levels as well with no vessels to have been reported sold. 2

4 Sale & Purchase Indicative Market Values ( 5 yrs old / Mill $ ) Bulk Carriers Week 12 Week 11 Change % Capesize Panamax Supramax Handysize Tankers VLCC Suezmax Aframax Panamax MR Weekly Purchase Enquiries SHIPTRADE P/E WEEKLY INDEX KOREA CHINA SPORE KCS GREECE OTHER SUM 27/12/2011-9/1/ /1/ /1/ /1/ /1-6/2/ /2/ /02/ /02/ /2-5/03/ /03/ /03/ /03/ /3-2/4/ /4/ /4/ /4/ /4-1/5/ /5/ /5/ /5/ /5/ /5-5/6/ /6/ /6/ /6/ /6-3/7/2012 4/7-10/7/ /7-17/7/ /7/ /7/ /8/ /8/ /8/ /8/ /8-4/9/ /9/ /9/ /9/ /9-2/10/ /10/ /10/ /10/ /10/12 31/10-6/11/ /11/ /11/ /11/12 28/11-4/12/ /12/ /12/12 19/12/12-8/1/ /1/ /1/ /1/13 30/1-5/2/ /2/ /2/ /2/13 27/2-5/3/ /3/ /3/ /3/13 3

5 Sale & Purchase Reported Second-hand Sales Bulk Carriers Name Dwt DoB Yard SS Engine Gear Price Buyer Good Faith Penglai 02/2017 B&W Greek Good Day Hindustan - Wartsila 4 x 36 T Precious Santana Mitsui 07/2016 B&W 4 x 30,5 T Undisclosed Federal Venture NKK 10/2015 Sulzer Undisclosed Federal Progress NKK 09/2015 Sulzer Enbloc Ja Aladdin Dream II Imabari 01/2018 B&W 4 x 30,5 T Undiclosed Cosmos Verde Shikoku 06/2014 B&W 4 x 30 T Undisclosed Tankers Name Dwt DoB Yard SS Engine Hull Price Buyer DHT Regal Hitachi 03/2017 B&W DH Thailand (Nathalin) ST. Pauli Onomichi 05/2013 B&W DH Undisclosed Bolero Halla Eng 06/2016 B&W DH Undisclosed 4

6 Newbuildings Newbuilding Orders No Type Dwt / Unit Yard Delivery Owner Price 5 BC Sungdong 2015 Alcyon 45.5 mill 6 BC Sungdong 2015 Marmaras 45.5 mill 3 BC Mitsui Ambi Shipping 26.6 mill 2 BC Xingang 2014 MTMM Undisclosed 4 Tanker COSCO 2015 Frontline Undisclosed 5 Container TEU Imabari 2015 K-Line Undisclosed 6 Container TEU Yangfin 2015 Essberger Undisclosed Newbuilding Prices (Mill $) Japanese/ S. Korean Yards Newbuilding Resale Prices Bulk Carriers Capesize Panamax Supramax Handysize Tankers VLCC Suezmax Aframax Panamax MR Newbuilding Resale Prices Bulk Carriers (2008 Today) Tankers (2008 Today) 5

7 Demolitions Demolition Sales Vessel Type Built Dwt Ldt Buyer Country Price Mayfair VLCC Pakistan 448 Saudi Diriyah RO-RO India 460 (as is Mumbai) King Bright GC India 415 King Faith GC India 415 Jag Parwar Tanker India 433 (as is Colombo) Demolition Prices ($ / Ldt) Bangladesh China India Pakistan Dry Wet Demolition Prices Bulk Carriers (2008 Today) Tankers (2008 Today) 6

8 Dry Bulk - Chartering In Brief: Market continued on positive base Capes: Slow week for Capes Slow week for Capes with the rates still at low levels. The downward trend reflected on the BCI which ended up at 1284 decreased by 15 points. In the Atlantic market Tubarao/Qingdao route was quite yielding TCT of about USD 17,500 whereas the fronthaul ex Cont/Med improved a bit closing at about USD 20,500. Transantlantic round trips were fixed at around USD 5,250 slightly increased by USD 250. In the pacific market, even though the volume of cargoes has been relatively stable for the Australian iron ore trade, the tonnage supply in range can not be absorbed by the demand. In this respect the round trips were fixed at around USD 5,500/USD 5,750 marginally decreased compared to last week levels. Period levels at around USD 11,250 for one year. Panamax: Quite but steady movement in both hemispheres. BPI index at the beginning of the week was at 1172 points to finally close up by 36 points at 1208 on Friday. We have faced another slow week in the Atlantic basin although rates were rather firming at the mid-end of it. Transatlantic round trips were reported fixing at around USD levels. Fronthauls ex ECSA were reported closing at USD levels plus 600k ballast bonus basis aps delivery whilst there were some rumors for some fronthaul fixtures ex Continent-Med at USD levels. In the Pacific basin this week passed also quietly in mostly all routes but not only did rates remain steady, they kept firming up. Not many Nopac fixtures were reported this week but fixing levels remained at the region of USD basis dop CJK-Japan range. As far as Aussie round trips are concerned, we saw some fresh requirements during the week fixing at USD about levels for North China positions. Indonesian round trips were seen fixing at USD levels for South China positions whilst we saw some quick Indonesian rounds closing at USD basis delivery Indonesia range. Finally short period market remained quite with some reports for 5/7 months at USD levels. Supramax: Strong market in both basins The Atlantic still keeps its pace with the Grain houses leading the way especially from ECSA and West Africa. Large/Eco supras are being fixed at very high USD teens with delivery dop West Africa for trip to Spore/Japan. Another relatively positive week for the Continent, where scrap and steel cargoes seem to be quite firm for early April, which in combination with the tonnage demand in the USG has led the charterers to fix vessels for short period at levels around USD 13,000. Fronthauls from the USG initially were paying around USD 23/24,000, however by the end of the week the pace was lost with charterers offering around USD 19/20,000. Med is still very inactive, however due to the increased tonnage demand at the Atlantic, many owners prefer trips to West Africa at low rates to take advantage of the reposition. Another positive week for the Pacific market where almost all major routes are on the 5-digit side. Indo rounds pay around USD 14,000 basis delivery Singapore, whereas Indo/India pays an extra USD 1,000. NOPAC rounds pay around USD 10,000 basis delivery Japan/S.Korea. Aussie RV were done at around USD 7,5/8,000 basis delivery CJK. For short period, the numbers are quite high with charterers showing strong interest at levels close to USD 10,500 basis delivery S.China. Handysize: Marginal improvement In Atlantic we noticed some minor improvement with the round voyage being done at USD 8,000 while the ECSA coastals at USD 8,500 absorbing some tonnage from West Africa as well. USG market remained strong leading the rates and the Continent showed further improvement with fixtures reaching USD 10,000 for East Med direction. Black Sea remained very low for one more week with poor rates of around USD 4,000 for all reposition directions like USG and ECSA and USD 8,000 for West Africa. In the Pacific Basin the round voyage closed at USD 7,5/7.750 basis delivery China and some owners decided to fix 2/3 lls at those levels. back haul trips were done at about USD mid/high 5 s for West Africa basis delivery SEASIA and tick more for the period after 55/60 days. Solid interest for short period from many owners in order to take advantage of the better current numbers by fixing their vessels at a range of USD 8/8,500 for 4/6 and/or 5/7 depending on the delivery. 7

9 Dry Bulk - Chartering Baltic Indices Dry Market (*Friday s closing values) Index Week 12 Week 11 Change (%) BDI ,60 BCI ,15 BPI ,96 BSI ,73 BHSI ,11 T/C Rates (1 yr - $/day) Type Size Week 12 Week 11 Change (%) Capesize 160 / 175, ,17 Panamax 72 / 76, ,56 Supramax 52 / 57, ,00 Handysize 30 / 35, ,25 Average Spot Rates Type Size Route Week 12 Week 11 Change % Far East ATL Capesize 160 / 175,000 Cont/Med Far East ,80 Far East RV ,33 TransAtlantic RV ,00 Far East ATL ,33 Panamax 72 / 76,000 ATL / Far East ,06 Pacific RV ,00 TransAtlantic RV ,26 Far East ATL ,00 Supramax 52 / 57,000 ATL / Far East ,70 Pacific RV ,50 TransAtlantic RV ,52 Far East ATL ,35 Handysize 30 / 35,000 ATL / Far East ,63 Pacific RV ,90 TransAtlantic RV ,23 8

10 Dry Bulk - Chartering ANNUAL JANUARY 2013 MARCH

11 Dry Bulk - Chartering Capesize Routes Atlantic 2012 / 13 $40.000,00 $35.000,00 $30.000,00 $25.000,00 $20.000,00 $15.000,00 $10.000,00 $5.000,00 $0, C2 TUB / ROT C4 RBAY / ROT C7 BOL / ROT C8 T/A RV AVG ALL TC Capesize Routes Pacific 2012 / 13 $60.000,00 $50.000,00 $40.000,00 $30.000,00 $20.000,00 $10.000,00 C3 TUB / PRC C5 W AUST / PRC C9 CONT / FE C10 FE R/V $0, Panamax Routes Atlantic 2012 / P1A T/A RV P2A CONT/FE

12 Dry Bulk - Chartering Panamax Routes Pacific 2012 /13 $20.000,00 $15.000,00 P3A FE R/V $10.000,00 P4 FE/CON $5.000,00 AVG ALL TC $0, $5.000,00 Supramax Routes Atlantic 2012 / S1A CON / FE S1B BSEA / FE S4A USG / CONT S4B CONT / USG S5 WAFR / FE Supramax Routes Pacific 2012 / 13 $18.000,00 $16.000,00 $14.000,00 $12.000,00 $10.000,00 $8.000,00 $6.000,00 $4.000,00 $2.000,00 $0, S2 FE R/V S3 FE / CON S7 ECI / CHI AVG ALL TC 11

13 Tanker - Chartering VLCC: The Middle East markets showed a continued increase of 2.8 points week on week, averaging ws36.1. The Atlantic increased even further with the WAFR-FEAST route increasing by 4.3 points and the WAFR-USG route gaining another 5 points. Suezmax: The Atlantic market showed some increased activity with the WAFR-USAC improving by 2.5 points to conclude at ws60. Aframax: The Caribbean market continued its correcting mood. CBS-USG lost 22.5 points to conclude at ws87.5 Panamax: The Caribbean market saw a 10 point loss ont the CBS-USG rout which finally concluded around ws 117. Products: - Baltic Indices Wet Market (*Friday s closing values) Index Week 12 Week 11 Change (%) BCTI ,56 BDTI ,11 T/C Rates (1 yr - $/day) Type Size Week 12 Week 11 Change (%) VLCC ,000 18,750 1,33 Suezmax ,250 16,250 0,00 Aframax ,500 13,500 0,00 Panamax ,500 13,500 0,00 MR ,750 13,750 0,00 12

14 Tanker - Chartering Crude Tanker Average Spot Rates Type Size (Dwt) Route Week 12 WS Week 11 WS Change % 280,000 AG USG 18, ,17 VLCC 260,000 W.AFR USG 37,5 35 7,14 260,000 AG East / Japan 36,5 34 7,35 Suezmax 135,000 B.Sea Med ,00 130,000 WAF USAC 60 57,5 4,35 80,000 Med Med 97, ,88 Aframax 80,000 N. Sea UKC ,11 80,000 AG East 85 77,5 9,68 70,000 Caribs USG 87, ,45 Product Tanker Average Spot Rates Type Size (Dwt) Route Week 12 WS Week 11 WS Change % 75,000 AG Japan ,38 Clean 55,000 AG Japan 137, ,85 38,000 Caribs USAC ,5 10,64 37,000 Cont TA ,5-5,08 Dirty 55,000 Cont TA 107, ,38 50,000 Caribs USAC 117,5 127,5-7,84 13

15 Tanker - Chartering VLCC Trading Routes 2012 / 13 80,00 70,00 60,00 50,00 40,00 30,00 AG EAST JAPAN AG - USG WAFR - USG 20,00 10,00 0, Suezmax Trading Routes 2012 / ,00 100,00 80,00 B. SEA - MED 60,00 WAF - USAC 40,00 20,00 0, Aframax Trading Routes 2012 / ,00 140,00 120,00 100,00 80,00 60,00 MED - MED N.SEA - UKC AG - EAST CARIBS USG 40,00 20,00 0,

16 Tanker - Chartering Clean Trading Routes 2012 / ,00 200,00 AG - JAPAN (75,000) 150,00 AG - JAPAN (55,000) 100,00 CARIBS - USAC (37,000) CONT - TA (37,000) 50,00 0, Dirty Trading Routes 2012 / CONT - TA (50,000) CARIBS - USAC (50,000)

17 Financial Market Data Shipping Stocks Dry Bulk Company Stock Exchange Week 12 Week 11 Change % Baltic Trading Ltd (BALT) NYSE 4,30 3,90 10,26 Diana Shipping Inc (DSX) NASDAQ 10,08 8,88 13,51 Dryships Inc (DRYS) NASDAQ 2,13 1,97 8,12 Euroseas Ltd (ESEA) NASDAQ 1,05 0,97 8,25 Excel Maritime Carriers (EXM) NYSE 0,93 0,70 32,86 Eagle Bulk Shipping Inc (EGLE) NASDAQ 3,87 2,88 34,38 Freeseas Inc (FREESE) NASDAQ 1,35 1,56-13,46 Genco Shipping (GNK) NYSE 3,02 2,84 6,34 Navios Maritime (NM) NYSE 4,54 4,29 5,83 Navios Maritime PTN (NMM) NYSE 14,34 14,28 0,42 Paragon Shipping Inc (PRGN) NASDAQ 5,05 4,24 19,10 Star Bulk Carriers Corp (SBLK) NASDAQ 7,03 6,10 15,25 Seanergy Maritime Holdings Corp (SHIP) NASDAQ 2,10 1,87 12,30 Safe Bulkers Inc (SB) NYSE 5,10 4,90 4,08 Golden Ocean (GOGL) Oslo Bors (NOK) 5,93 5,46 8,61 Tankers Capital Product Partners LP (CPLP) NASDAQ 8,27 7,63 8,39 TOP Ships Inc (TOPS) NASDAQ 1,34 0,92 45,65 Tsakos Energy Navigation (TNP) NYSE 4,17 3,95 5,57 Other Aegean Maritime Petrol (ANW) NYSE 6,72 6,79-1,03 Danaos Corporation (DAC) NYSE 3,77 3,31 13,90 StealthGas Inc (GASS) NASDAQ 11,66 11,59 0,60 Rio Tinto (RIO) NYSE 47,45 49,98-5,06 Vale (VALE) NYSE 17,16 17,55-2,22 ADM Archer Daniels Midland (ADM) NYSE 32,78 33,00-0,67 BHP Billiton (BHP) NYSE 69,64 72,96-4,55 Commodities Commodity Week 12 Week 11 Change (%) Brent Crude (BZ) 108,11 108,97-0,79 Natural Gas (NG) 3,89 3,92-0,77 Gold (GC) ,56 Copper 345,80 343,50 0,67 Wheat (W) 311,95 309,19 0,89 16

18 Financial Market Data / Bunker Prices / Port Congestion Currencies Week 12 Week 11 Change (%) EUR / USD 1,29 1,30-0,77 USD / JPY 94,47 95,29-0,86 USD / KRW ,81 USD / NOK 5,80 5,75 0,87 Bunker Prices IFO 380 IFO 180 MGO Piraeus Fujairah Singapore Rotterdam Houston Port Congestion* Port No of Vessels China Rizhao 22 Lianyungang 34 Qingdao 74 Zhanjiang 26 Yantai 26 India Chennai 10 Haldia 17 New Mangalore 14 Kakinada 21 Krishnapatnam 35 Mormugao 30 Kandla 29 Mundra 11 Paradip 16 Vizag 56 South America River Plate 280 Paranagua 91 Praia Mole 16 * The information above exhibits the number of vessels, of various types and sizes, that are at berth, awaiting anchorage, at anchorage, working, loading or expected to arrive in various ports of China, India and South America during Week 12 of year