Northern European Union bank head of shipping Hans Kjelsrud said, although the shipping industry in 2013 will still in the doldrums, but the market situation in 2014 is expected to gradually improve. After 2013, the new ship deliveries will be greatly decreased, believe that after 2014 shipping performance will be better and better.
Northern Europe is the world's fifth largest shipping joint bank. Although Germany commercial bank and other European Banks at the time of the shipping industry the most decline opt out in succession, but the Nordic union bank still loyal to support the industry. At present, the shipping industry downturn has lasted for five years, the European debt crisis brings demand slump and excess capacity, and low freight rates, fuel prices on the high side, ship price decline, and so on and so forth have brought big blow to the shipping industry.
Carat eriksson shipping comprehensive Index (ClarkSea Index) has been measured shipping income the important means. According to the data of ship brokers henriette van niekerk, the index this year an average of $9187 per day, is the lowest level since 1990. Henriette van niekerk and Oslo maritime research firm Fearnley Consultants also said the bulk carrier fleet and super tanker fleet are experiencing one of the most serious since 1980 s excess capacity situation. Kjelsrud said, however, as the global economy constantly recovery, the shipping industry there are already signs of improvement.
Ship's value increases
Kjelsrud pointed out that the American economy is picking up, and earlier this year, China's economic uncertainty has disappeared, the European economy is bottoming out. Global economic growth clearly brought the increase of the freight, the freight rate of rise also tends to push prices of the ship.
According to the relevant data of the carat eriksson used boat ship price, August ship rise in value increased by 2.9%, and is one of the largest increase since February 2011. Wave exchange data show that this year, the age of five years capesize bulk carrier prices rose by 14%, to $33.5 million. In 2008, this type of ship prices up to $153.8 million. Ship price is falling, have fallen to their lowest levels for 10 years earlier this year, only $29.5 million.
Loan losses to reduce
Kjelsrud said that since the last 3 to 6 months, the new ship cost to rise, is expected to increase value of the ship. And observation analysis based on the bank, at present most of the main form of secondhand ship price is bottoming out.
Ship the increase in asset prices help reduce shipping bank losses. In the second quarter, the Nordic union bank loan losses than a shipping department in the first quarter fell by 15%, the smallest percentage is loan losses since the third quarter of 2011 at a time. In July, the bank chief executive Christian Clausen has said the bank's operating profit at its highest level since seven quarters, and shipping business loan losses are further reduced.
Bank of the world's third largest shipping norges bank (DNB) announced before, in the second quarter, the bank shipping, Marine engineering and logistics department loan losses for 198 million Norwegian kroner ($34 million). Compared with the first quarter of this year, loan losses decreased by 43%, is four quarters loan losses since the lowest one.
These improvements make some Banks began to return to the ship financing market. Kjelsrud, according to the shipping financing bank loans have become increasingly active, shipping market liquidity is more abundant. This is very important to the increase in the price of the ship. He thinks, ship trading market in the absence of financing as well. Owner need to obtain financing to buy without financing, then the ship market cannot be active.
