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Investment in Design Will there be a Feeder Frenzy? By David Tinsley A study commissioned by Lloyd's Register and con- ducted by Ocean Shipping Consultants has determined that major investment will be required in feeder and shortsea containerships through to the end of the decade, in support of surging development in the trade and in the size of the deepsea mainline vessels. Over 25 percent of today's worldwide boxship fleet, and nearly 60 percent of the present orderbook, is in the post- Panamax category, and it appears ever more likely that the industry will see the first 12,500-TEU vessels before 2011. "The demand for big ships will clearly lead to higher demand for transhipment." said David Tozer. Lloyd's Register's Business Manager. Container Ships. "The increase in demand for shortsea shipping, as well as the increasing age of the current feeder fleet will further contribute to the need for new feeder ves- sels. The projected tonnage shortfall in this size range represents a major opportunity for shipyards and ship- ping lines." he considered. On the basis of a forecast, staggering 69-percent rise in intra-regional and feeder container shipping volume from 58-million TEU in 2002 to some 99-million TEU by 2010. it is calculated that an additional 986 vessels up to 1.500-TEU will be sought. In addition, on the assumption that many of the ships currently more than 15 years old may go for scrap by the end of the decade, there would be a replacement need for 585 vessels. Accordingly. LR and OCS contend that the net newbuild requirement within the given timeframe will be for 1.571 ships under 1,500-TEU. Were the tonnage build-up to be achieved on a linear basis, this would necessitate new deliveries at a rate of over 200 ships in each of the seven years between 2004 and 2010 inclusive. However, LR acknowledges that the figure is likely to be somewhat reduced by a trend towards higher unit capacities with- in the under-1.500-TEU field, and also by the deploy- ment of vessels over 1,500-TEU as longer-haul feed- POSIDONIA EXHIBITION MARITIME POLICY FORUM POSIDONIA CUP The Posidonia Cup is sponsored by Lloyd s Register Only at Posidonia 7-11 JUNE 2004 PIRAEUS GREECE In June 2004 the maritime world's leading players and personalities will gather with the Greek owners in their home port of Piraeus for the largest commercial event in the shipping calendar. Five days of renowned hospitality and real shipping business with the world's largest merchant fleet, currently committed to a massive newbuilding programme. Now the pace of the exhibition is mirrored in the excitement of the Posidonia Cup yacht race on Friday 4 June, promising keen competition in this special year when the Olympics come home to Greece. Adding to the special chemistry found only at Posidonia. At the heart of shipping. PosidoniaT4£- nooei3
