NEW ARRIVALS - USED CARS / PRE-OWNED VEHICLES FROM IBC JAPAN
LEIF HÖEGH & CO. HUAL operates a modern fleet... 25 owned deep-sea vesselsCapacity 3500 - 6200 cars...
12
LEIF HÖEGH & CO. HUAL operates a modern fleet... • 25 owned deep-sea vessels Capacity 3500 - 6200 cars • 2 owned short-sea vessels Capacity 800 cars • At any time HUAL operates 10-15 charter vessels • Total operated fleet Abt. 40 ships • Number of deep-sea trades 12 • Annual transportation volume Abt. 1 million CEUs
-
Upload
luke-milo-douglas -
Category
Documents
-
view
215 -
download
1
Transcript of LEIF HÖEGH & CO. HUAL operates a modern fleet... 25 owned deep-sea vesselsCapacity 3500 - 6200 cars...
LEIF HÖEGH & CO.
HUAL operates a modern fleet...
• 25 owned deep-sea vessels Capacity 3500 - 6200 cars• 2 owned short-sea vessels Capacity 800 cars• At any time HUAL operates 10-15 charter vessels• Total operated fleet Abt. 40 ships• Number of deep-sea trades 12• Annual transportation volume Abt. 1 million CEUs
US - EuropeFar East -
Caribbean/USEC/US Gulf
Far East -South America
Europe - Africa
Europe - Far East
Europe - Middle East
US - Africa
Far East -Europe
Japan-New Zealand(Operated by Kiwi Car Carriers)
Europe - Caribbean/US
LEIF HÖEGH & CO.
...in global trade systems
52 %30 %
18 %
NEW CARS USED CARS HIGH/HEAVY
LEIF HÖEGH & CO.
HUAL has a growing share of used cars and High/Heavy –cargo which is paying better than new cars
LEIF HÖEGH & CO.
Market trends – HUAL trades
FAR EAST OUTBOUND
• Spectacular financial recovery for Nissan, HUAL’s main customer
• “Nissan 180 plan”: Increase sales by 1 million units/year while
maintaining profitability
– Significant export volumes from Nissan’s plants outside Japan
• Daewoo likely to survive as part of GM group
• Increased export of used cars from Japan/Korea
• HUAL’s increased service & frequency FE-US give us improved
possibilities to develop the market
– Factory-new cars to North America
– Second-hand vehicles to Central America / Caribbean
– High/Heavy rolling stock
LEIF HÖEGH & CO.
Market trends – HUAL trades
EUROPE OUTBOUND
• Strong growth in European vehicle exports– New cars: Middle East, Southeast Asia/Japan, North America
– Used cars: West Africa, Middle East
– High/Heavy: Middle East
• HUAL has strong position & market shares in the most profitable trades ex Europe
• HUAL has deliberately chosen to stay away from the high volume but low-rate North Atlantic vehicle trade
– Concentrating instead on building up a strong position in the more profitable trade Europe-Caribbean
• The Africa trade gives HUAL’s trade pattern substantial flexibility– Can adjust capacity to West and South Africa according to requirements
– Can return vessels Africa - Europe or proceed to Far East
LEIF HÖEGH & CO.
Market trends – HUAL trades
US OUTBOUND
• HUAL maintaining position and market share in our traditional
stronghold in the Middle East
• USA - Africa trade has considerable long-term potential
– West Africa significant potential market for used vehicles ex US
– Additional possibility to cater for RSA vehicle export
• USA - Europe trade currently suffering due to strong dollar /
low shipment volumes
LEIF HÖEGH & CO.
Market trends – HUAL trades
RECENT DEVELOPMENTS
• Acquisition of Kiwi Car Carriers has given HUAL entry to profitable
POV trade and state-of-the-industry land-based services
• Cosco deal strengthening HUAL’s position in China’s ro/ro market
• Australia interesting market for HUAL
– Import / Export
• Ambitious export programmes from RSA with increased volumes
from 2003/2004
– HUAL well positioned in RSA
Ex N America0.5 mill.
Ex Europe1.6 mill.
Ex Japan / Korea5.8 mill.
To N. America
To S. America
3000
60
70 590
350100100
1450
80
770
170
75
26002600
530530
70
Factory-new cars & light commercial vehicles, plus 2nd hand vehicles (estimated)
75
550
LEIF HÖEGH & CO.
World deep-sea vehicle movements 2001
LEIF HÖEGH & CO.
Market trends – Macro
• Economic downturn less severe than many anticipated – vehicle sales
holding up better than expected after September 11
– US sales now forecast at 16-16.5 million units vs. 17.2 million in 2001, with
imports taking increasing share of total
– Sales in Europe forecast to decline 4-5% compared to 2001
– Strong sales in the Middle East
• Asian countries (excl. Japan) on resumed growth path,
with positive effect for vehicle sales
• China joining WTO, liberalising tariffs and import restrictions for
vehicles
LEIF HÖEGH & CO.
Market trends – Macro
Conclusion:
• 2002 low point in global light vehicle sales in the current cycle
– Estimated decline 2001-2002: - 3.3%
– Several markets expect robust growth also in 2002
• Overall growth in global vehicle sales expected from 2003 onwards
• DRI • WEFA forecast: 10 million vehicles / 18.6% growth 2002-2007
• Emerging markets forecast to take lion’s share of the growth:
– Asia (incl. China / India) + 3.8 million
– C & S America + 1.3 million
– East Europe + 1.3 million
LEIF HÖEGH & CO.
Age distribution of the world PCC / PCTC fleet andnewbuildings on order...
No of vessels per yearExisting fleet
-
5
10
15
20
25
30
35
40
19
73
19
74
19
75
19
76
19
77
19
78
19
79
19
80
19
81
19
82
19
83
19
84
19
85
19
86
19
87
19
88
19
89
19
90
19
91
19
92
19
93
19
94
19
95
19
96
19
97
19
98
19
99
20
00
20
01
20
02
20
03
20
04
No
of
ve
ss
els
Copyright Hesnes Shipping AS
LEIF HÖEGH & CO.
-100
-80
-60
-40
-20
0
20
No
. of
ve
ss
els
2002 2003 2004 2005 2006
20 YEARS 25 YEARS NO SCRAPPING
Average-sized vessels – intake capacity 4,200 units
...indicate a reasonable PCTC tonnage balance 2002-2006in the various lifespan/scrapping scenarios
