Russian Maritime Industry - opportunities and potential 03.12.2015 Nikolay Shavrov IN StPetersburg
What is Maritime Industry? Ports, logistics, terminals (incl. offshore) cargo base/need for ships Shipowners (also O&G companies with offshore project) - programs of shipbuilding/modernisations/service Shipyards integrators Producers of ship gear (fishing gear) suppliers to the shipyards Engineering/design engineering solutions/advice to shipyards and shipowners Banks financing
Turnover of Russian ports, mln tons 700 600 500 400 300 200 100 0 2008 2009 2010 2011 2012 2013 2014
Cargo structure, 2014
Russian shipowners Sovcomflot PRISCO 12 mln t dwt 0.6 mln t dwt MMC (+NSC) FESCO 1.2 mln t dwt 0,3 mln t dwt FEMCO Atomflot 10 supply ships 6 nuclear icebreakers + River shipping companies Fishing companies Bunkering fleet Fleet of O&G companies
Structure of the Russian fleet (by deadweight)
Russian flag/non-russian flag fleet 16 14 12 10 8 6 4 2 0 2009 2010 2011 2012 2013 2014 2015 Average age of Russian controlled ships, years (2015) Total fleet Dry cargo ships Tankers Russian flagged 20,5 24,7 15,4 Foreign flagged 9,1 15,2 8,3
New building volume/structure Korea China 8% 5% 4% 7% Croatia Russia Others 76%
Russian newbuilding forecast 2015-2020 2015 2016 2017 2018 2019 2020 Number of ships 13 15 14 10 6 12 Total dwt th. 425 358 697 936 534 668
Newbuilding portfolio of Sovcomflot Shipbuilding portfolio of Sovcomflot Group as of 01.08.2015 Name Type Deadweight Ice class Commissioning Yard SCF LNG tanker 94700 Ice2 03.01.2015 STX, Korea Melampus SCF Mitre LNG tanker 94700 Ice2 22.04.2015 STX, Korea SCF Yamal LNG tanker 98800 Arc7 29.02.2016 DSME, Korea Hull No 511 Supply ship 3000 Icebreaker ICE-15 10.06.2016 Arctech, Finland Hull No 2132 Shuttle tanker 42000 Arc7 30.06.2016 Samsung HI, Korea Hull No 2133 Shuttle tanker 42000 Arc7 31.08.2016 Samsung HI, Korea Hull No 512 Supply ship 2000 Icebreaker ICE-15 21.09.2016 Arctech, Finland Hull No 2134 Shuttle tanker 42000 Arc7 31.10.2016 Samsung HI, Korea Hull No 513 Supply ship 2000 Icebreaker ICE-15 12.01.2017 Arctech, Finland Hull No 514 Supply ship 2000 Icebreaker ICE-15 17.03.2017 Arctech, Finland n/a Aframax tankers, 4-6 ships, LNG driven 115000 n/a 2018-2020 n/a
Russian icebreaking fleet newbuilding Project Power, MWt Commissioning Status LK60 Arktika 22220 60 2017 15% constructed LK60 Sibir 22220 60 2020 Keel laid 15.05.15 LK60 Ural 22220 60 2021 Contract signed Leader icebreaker n/a 110 n/a Concept design Yard Project Power Delivery Customer Status Yantar Shipyard + Arctech P-70202 Baltika 7 MWT 2015 Maritime Salvage Service Delivered Vyborg Shipyard 21900M Vladivostok 16 MWt 2015 Rosmorport Finalising building Vyborg Shipyard + Arctech 21900M Murmansk 16 MWT December 2015 Rosmorport Finalising building Vyborg Shipyard 21900M Novorossiysk 16 MWt 2016 Rosmorport Building Admiralty Shipyard 21180 Ilja Muromets 7 MWT 2017 Russian Navy (option for 4) Baltijsky Zavod LK25 Viktor Chernomyrdin Keel laid 25 MWt 2018 Rosmorport Building Vyborg Shipyard Aker Arc 130A 22 MWt 2018 Gazpromneft (Novy Port) Contract signed, keellaying Sept 15 Vyborg Shipyard Aker Arc 130A 22 MWt 2018 Gazpromneft (Novy Port) Contract signed, keellaying Dec 15 Vyborg Shipyard Aker Arc 124 10 MWt 2018 Atomflot (Yamal LNG) Contract signed
Russian fishing: catch 2013 2014 Catch, th tons %% of the total Catch, th tons %% of the total Total catch 4107 4021 Russian economic zone 3123 76% 3006 75% Foreign economic zone 811 20% 807 20% Open areas 174 4% 209 5% Pacific 2828 69% 2756 69% NE Atlantic 1017 25% 1043 26%
Russian fishing fleet significant reduction Ship groups 1992 2000 2013 Very large (more than 100m) 33 29 26 Large (65 100 m) 626 313 184 Total large fishing ships 659 342 210 Middle tonnage (34 65m) 941 1102 804 Small (24 34 m) 447 374 309 Very small (less than 24m) 760 767 632 Total small ships 1207 1141 941 Total fishing ships 2807 2585 1955
Russian fishing fleet getting old Age Up to 10 10-15 15-20 20-25 25-30 30-35 35-40 40-45 More than 45 Number of ships 9 26 106 306 352 226 104 42 24
But the efficiency is growing 2003 2006 2009 2012 Tons/ship 1280 1463 1839 2144 % to 2003 100 114 144 168 Tons/displ ton 1,0 1,2 1,6 1,8 % to 2003 100 120 160 180 Tons/KWt 1,4 1,6 2,0 2,2 % to 2003 100 114 143 157 Tons/men 49,2 61,0 80,0 89,3 % to 2003 100 124 163 182
Very limited amount of newbuildings (till 2018?) Ship Shipbuilder Year Customer General Troshev Trawler, 105 m Chernomorsky Shipyard, Nikolaev 2012 Preobrazhenskaya Baza Tralovogo Flota Taurus Uljanik Shipyard, Croatia 2013 Taurus, Murmansk Trawler, 64 m Koyda-2, pr.50010 Zvezdochka Shipyard, 2014 Rybakkolkhoz Osvobozhdenie Trawler 39 m Severodvinsk Mirakh Uljanik Shipyard, Croatia, (+1 2014 Murmanseld-2. Murmansk Trawler 64 m option) Mekhanik Sergey Agapov, Singapore 2015 Robinzon, Murmansk trawler 115 m Luchegorsk Trawler 75 m China (+4 option) 2015 Preobrazhenskaya Baza Tralovogo Flota PL-45 long liner Pella Shipyard 2015 Pella-Persey fishing company 47 m Pechora Trawler, 60 m Turkey 2016 Nenets Rybakkolkhoz
What is the future? Due to unclear situation with distribution of fishing quotas (which will take place in 2017) Russian ship-owners are unlikely to invest in new ships on a large scale. At the same time capacities of Russian shipyards are loaded with Naval orders, so most probably there will not be any significant newbuilding for Russian fishing fleet till 2018. In the coming 2-3 years (until 2017-2018) the only possibility to keep Russian fishing fleet «afloat» will be purchase of used mid- and small tonnages ships abroad and modernisation/upgrade/service of existing ships
Keeping in mind the existing limited possibilities at Russian ship repair and shipbuilding yards, which to higher extent are and will be engaged in services for the Navy, there is a window of opportunities for Norwegian yards and equipment suppliers to participate in modernisation/upgrade/service of existing ships. And from 2017-2018 be ready for the start of newbuilding of fishing ships in Russia Especially this is relevant for the Northern counties, which are relatively close to Murmansk the largest fishing hub in the European part of Russia