INTERNATIONAL MARITIME JOURNAL Finanzierung | Financing U.S. owners keep buying U.S. based owners remain active in the sale and purchase market for international tonnage. High replacement costs incentivise investments in existing tonnage INTERNATIONAL MARITIME JOURNAL FORUM SCHIFFFAHRT FINANZIERUNG The total value of assets purchased rose to 2.86 bn $, more than 2 bn $ higher than was seen in 2016. 2018 was off to a slower start, but the prospects of an improving offshore market could encourage more OSV transactions. The age profile of the U.S. flag fleet shows a large number of older units. The high replacement costs for commercial vessels incentivise investments in tonnage on the water. The cost of building a vessel in a U.S. shipyard is about four times that of a comparable vessel in a large shipyard in Korea, Japan, or China. »Few large units remain on order at domestic yards as earnings for tankers have slipped flowing the late 2015 decision to authorise U.S. crude exports, and a Letter of Intent for up to four new container ships at a U.S. shipyard was allowed to expire at the end of January,« says VesselsValue analyst Court Smith. Valuations include all U.S. flagged ships registered with a class society, including several USNS vessels built to ABS standards. Large Articulated Tug Barges (ATBs) are not included in the valuation totals. The fleet profile serves as a reminder of the importance of the offshore markets to the U.S. flagged fleet, dwarfing the value seen in the other segments. M Owner Countries flagging in the USA in cooperation with UK, 237 mill. $ Denmark, 41 mill. $ Germany, 40.9 mill. $ South Africa, 20.7 mill. $ USA, 10,378 mill. $ Other, 65.1 mill. $ ,000 ,000 USA Flagged Fleet by Vessel Type 1,000 900 800 Total Spent USD millions ,000 ,000 ,000 700 600 500 400 300 Number of Vessels ,000 200 100 ###COLUMNCONTENT### OSV Tanker Container Bulker Small Dry Reefer MODU 0 Number of Vessels Total Value USD m 24 HANSA International Maritime Journal – 155. Jahrgang – 2018 – Nr. 3
Finanzierung | Financing 0 USA Owners Quarterly Newbuild Order Activity 16 0 14 0 12 Total Spent USD millions 0 0 0 0 10 8 6 4 Number of Vessels 2 ###COLUMNCONTENT### Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 Qtr2 Qtr3 Qtr4 Qtr1 2015 2016 2017 2018 Number of Vessels Total Spent USD m 0 ,000 US Flagged Fleet Age Profile 250 ,000 200 Total Spent USD millions ,000 ,000 ,000 150 100 Number of Vessels ,000 50 ###COLUMNCONTENT### 0-4 5-9 10-14 15-19 20-24 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60+ 0 Number of Vessels Total Value USD m ,500 USA Owners Monthly Purchase Activity 30 ,000 25 Total Spent USD millions ,500 ,000 20 15 10 Number of Vessels 0 5 ###COLUMNCONTENT### Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb 2015 2016 2017 2018 0 Number of Vessels Total Spent USD m HANSA International Maritime Journal – 155. Jahrgang – 2018 – Nr. 3 25
