www.pwc.pt
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)In-depth
HELM
December 2016
Edition nº2
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We've explored very little of the ocean. We really don't know what's out there. But people think we've figured it all out.
Philippe Cousteau. Jr.
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This communication is of informative nature and intended for general purposes only. It does not address any particular person or entity nor does it relate to any specific situation or circumstance. PwC will not accept any responsibility arising from reliance on information hereby transmitted. which is not intended to be a substitute for specific professional business advice.
Index
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Maritime transport. ports and logistics
Shipbuilding, maintenance and equipment
Offshore energy
Fishing and aquaculture
Naval security power, piracy and maritime disasters (oil spills)
Entertainment, sports, tourism and culture
Introduction
Executive summary
HELM – PwC Economy of the Sea Barometer (World)
International context
Economy of the sea map
List of Tables, Figures and Acronyms
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11
19
25
29
49
65
73
81
97
117
119
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Circumnavigation: HELM – PwC Economy of the Sea Barometer (World)
Edition nº2 - December 2016
is a PwC social responsibility and thought leadership initiative that includes three documents:
- Circumnavigation: HELM – PwC Economy of the Sea Barometer (World) Summary
- Circumnavigation: HELM – PwC Economy of the Sea Barometer (World) In-depth
- Economy of the Sea Map
The economy of the sea is an integrated approach to sea activities with the aim to promote growth and development in a sustainable way.
Please see PwC social responsibility and thought leadership projects about the economy of the sea in http://www.pwc.pt/en/issues/economy-of-the-sea.html
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Introduction
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
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Introduction
The sea is a valuable global asset that needs to be preserved and valorised.
Only with greater knowledge and an integrated view of this extensive resource are we able to ensure development in line with the principles of environmental, economic and social sustainability of marine resources.
PwC’s social responsibility project, HELM – PwC Economy of the Sea Barometer (World), systematises, in a summarised form, quantitative information on various industries of the sea, enabling the identification of trends of ocean-related industries, and rankings, overlapped on a world map, to help identify the intensity of ocean use in every region of the world.
The results of this exercise are clear. In the period 2005 to 2015, in which there was a profound financial and economic crisis on a global scale, during which time Asia - and in particular the China - took the lead in fisheries, aquaculture, cargo handling at ports and shipbuilding. The world's top 10 container ports are in Asia and seven of these are in China. In 2015, Chinese fisheries and aquaculture represented, respectively, 18.2% and 61.7% of total world output of these sectors. Only in the production of offshore energy, the ownership and operation of merchant ships, tourism (cruise) and sports does America and Europe remain ahead of Asia. Africa and South America are regions that will yet reveal important future economy of the sea opportunities. Australia and New Zealand , in particular, are references for the economy of the sea in Oceania and in the World. This period was also one of increased environmental stress (particularly oil spills) and sea piracy (more than 4,000 people were subjected to maritime piracy attacks, more than 3,500 were taken hostage and 28 were killed - Somalia, Nigeria and Indonesia are countries with the greatest incidence of attacks). As for the defence industry the United States of America, China and Russia are the three main naval powers.
The five principal oceans: the Atlantic Ocean, the Indian Ocean, the Pacific Ocean, the Arctic Ocean and the Southern Ocean, together with the other seas of the world, are valuable assets that should be enjoyed by mankind sustainably. Several industries operate in or on this huge natural resource, producing wealth and generating jobs. In order to exploit all this wealth sustainably, it is essential to understand it better, becoming familiar with each of the industries, how they interact with each other, their evolution and how intensively they use the sea around the world.
The HELM – PwC Economy of the Sea Barometer (World) is a contribution of reference about the economy of the sea in the world. It may be also seen as a voyage around the world in which the key countries for each sea industry are identified, this is why this publication has been entitled “Circumnavigation”.
José Bernardo Stephanie Hyde Territory Senior Partner (Portugal) Global Middle Market Leader
Miguel Marques Ricardo Frederico CorreiaEconomy of the Sea Partner Economy of the Sea Senior Manager
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Executive summary
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
The HELM – PwC Economy of the Sea Barometer (World) in-depth has two parts:
1. A summary of quantitative information on various subsectors that make up the economy of the sea in the world, including trend analysis and a number of rankings of countries by industry;
2. An economy of the sea map made by overlapping different rankings of countries by industry on a map of the world;
The economy of the sea is a significant part of the world economy and, as such, is affected by the general evolution of macroeconomics. Taking into account growth rates of the various countries, it may be said that recent years have not been easy. In particular, the year 2009 was a particularly negative year in which the growth rate of global gross national product was negative (-2.1%), and the major contributors to this poor result were the developed economies (their gross domestic product fell in the order of -3.7%). In 2009, the low growth rate of gross domestic product in developing countries (+ 2.6%) was not enough to offset the negative growth in developed countries. The high growth rates of GDP recorded in 2007 (4.0%) have not yet been restored; the growth rate in 2014 and projected to 2015 was a mere 2.5%.
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Executive summary
Executive summary
Maritime transport, ports and logistics
Recent years have been years of slowdown in global economic growth, which have negatively impacted the growth rate of the volume of exports and imports. As most of the load volume is transported by sea, the maritime transport sector has been considerably affected.
Although oil and gas, as well as bulk, are the load types most transported by sea, containerized cargo has been growing.
Between 2006 and 2014 there was a change in the relative importance of maritime trade in developed economies compared to developing economies. In 2006, developed economies accounted for approximately 53% of the tonnage of cargo transported by sea, a figure which fell to 38% in 2014. However, the share of developing economies in 2006 was 46% and increased to 61 % in 2014. This was primarily because Europe dropped from 54% in 2006 to 39% in 2014, while Asia rose from a 37% in 2006 to 50% in 2014.
Between 1980 and 2014, bulk shipping and container shipping have gained weight compared to oil tankers and general load.
Greece, Japan, China and Germany have the greatest concentration of ship ownership.
Switzerland, Denmark, France, China and Tawain are the countries where the headquarters of the leading transportation companies are primarily located.
Panama, Liberia, The Marshall Islands, China and Singapore are the countries with largest ship registers.
The world's ten largest container ports are Asian, and seven of these are Chinese.
The world’s five largest operators of ports have their headquarters in Unitied Arab Emirates or China.
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Shipbuilding, maintenance and equipment
The order backlog in global shipyards grew between 2002 and 2008; thereafter, orders decreased until 2012. However, for the following three years (2012, 2013 and 2014), this trend has been reversed.
At the end of 2015, 39.6% of ship orders were for solid bulk transport ships, immediately followed by orders for tankers for the transport of crude oil (27.7%).
In 2015, China had the highest volume of orders for ships (36.4%), followed by South Korea (26.7%) and Japan (19%). In fourth place appears the European Union 28+Norway (7.9%).
In 2015, Asia (China, South Korea and Japan), completed more than 80% of the production of ships in that year (35.4%, 31.2% and 18.1% respectively).
Ship production capacity drastically reduced in Europe 28 + Norway, but increased exponentially in China.
China, India, Bangladesh and Pakistan were the locations where there was the most dismantling of bulk volume ships.
Offshore energy
In 2004, after the Middle East and North America and, Europe was the third largest oil and natural gas producing region of the world.
By 2015, Europe had been relegated to 4th place; the Middle East continued to lead production, followed by South then North America.
In 2015, more than half of the world's proven gas reserves belonged to Iran and the Russian Federation.
Saudi Arabia, Norway and Qatar were the three main producers of offshore oil & gas, in 2015.
Since late 2014, the price of a barrel of Brent oil has been below 100 USD; in mid 2016, the price was slightly above 40 USD. The oil price decline has put pressure on the profitability of offshore operations, which are more expensive than onshore operations.
Offshore wind power capacity in the world is led by four European countries (UK, Denmark and Germany), representing 79.6% of total installed capacity in the world. In fourth place, China represents 8.4% of capacity.
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Executive summary
Naval security power, piracy and maritime disasters (oil spills)
In 2016, the country with the largest naval fleet (aircraft carriers, frigates, destroyers, corvettes and submarines) is the China with 175, closely followed by US with 162. Russia is the third with 161 large naval craft.
Somalia, Nigeria and Indonesia are countries with the greatest incidence of maritime piracy attacks in the period 2010-2015.
Between 2010 and 2015, about 4,000 people were subjected to maritime piracy attacks, more than 3,500 were taken hostage and 28 were killed.
Accidents involving oil spills have been occurring over time, all over the world.
Fishing and aquaculture
Between 2002 and 2014, as the world population has grown, there has been an increase in the consumption of fish and other food products per capita. In 2004, per capita consumption was 16.2 kg, rising to a per capita consumption of 20.1 kg in 2014. This increase in per capita consumption was met by increased production in aquaculture. In 2004, production in onshore and offshore aquaculture reached about 27,8 and 18,1 million tons, respectively, rising to 47,1 and 26,7 million tons in 2014. Fish catches at sea continue to represent the largest contribution to the supply of fish, but have not grown in recent years.
The top ten countries in terms of fishing, led by China with 18.2% of the catch, represent about 60% of the total of global fishing.
The Pacific Ocean is where most of the fishing takes place, accounting for about 58% of the total.
The fifteen species most fished represent about 1/3 of all fish caught.
In 2014, 91% of world aquaculture was in Asia, and was responsible for the significant growth of aquaculture globally.
Onshore aquaculture is the main contributor to the growth of aquaculture and China represents 61.7% of global aquaculture production.
From 1974 to 2013, there was increasing pressure on fish stocks, significantly increasing the number of species that are in danger of overfishing.
Africa and Latin America are the regions of the world with the lowest per capita consumption of fish and other sea products.
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Executive summary
Entertainment, sports, tourism and culture
The revenue associated with cruise ships has been increasing.
North America and Europe are the most important markets for cruise ships.
The Caribbean still holds the largest market share in the business of cruise ships, closely followed by the Mediterranean and the rest of Europe.
The number of people participating in cruises has increased.
The largest cruise consumers are North Americans, immediately followed by the British and the Germans.
The USA, Australia, New Zealand, Italy, France and the UK are countries of reference in terms of the recreational boating and marinas business.
In the last four Olympic Games, Europe was the continent with more medals in canoeing, with Germany as the country that led with 32 medals. In sailing, while European countries, led by the UK, continue well classified, winning 19 medals at the last three Olympic Games, Australia appears in second place in the ranking with 11 medals. In rowing, the United Kingdom leads with 24 medals, soon followed by Australia (15) and New Zealand and Germany (both 12).
In surfing, Australia and USA have led consistently in recent years.
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Executive summary
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HELM – PwC Economy of the Sea Barometer (World)
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
HELM – PwC Economy of the Sea Barometer (World)
More than 2/3 of the surface area of our planet is sea.
The five principal oceans: the Atlantic Ocean, the Indian Ocean, the Pacific Ocean, the Arctic Ocean and the Southern Ocean, and the other of seas of the world, are valuable assets that should be enjoyed by mankind sustainably.
Several industries operate in or on this huge natural resource, producing wealth and generating jobs.
In order to enhance all this wealth in a sustainable way, it is essential to understand it better, becoming familiar with each of the industries, and how they interact with each other, their evolution and how intensively they use the sea around the world.
The concept of Economy of the Sea is related to the valorisation of the ocean in environmental, social and economic terms, with the aim to achieve a holistic view of all human action on sea. It includes industries like maritime transport, ports and logistics, shipbuilding, ship maintenance and repair, offshore energy, security and defence, fisheries and aquaculture, entertainment, sport, tourism and leisure.
Learning more about the oceans, also means learning more about maritime industries, in particular, it is crucial to quantify their economic development in each region.
There has been some quantitative information by industry, but there are few studies that quantify the economic development of all the industries related with the sea.
With HELM – PwC Economy of the Sea Barometer (World), we intend to build a tool that allows us to clarify the current situation in respect of the sea as a resource in the world, as well as its development prospects in the future. The HELM is meant to be a monitoring tool that allows its users to draw useful information, easily and quickly.
The HELM is a long-term project, which will act as a compilation of data for monitoring, over time, the evolution of the economy of the sea in the world and simultaneously enable us to analyse trends and the choices that are made by the various economic agents.
Several efforts have been made by various entities in order to quantitatively evaluate the importance of the economy of the sea. Progress has been made; however, the weight of economic activities related to the sea in total world economy remains difficult to measure and evaluate. The indicators do not allow us to measure with complete accuracy or continuously, the actual impact of these activities in the global economy.
20CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
The HELM – PwC Economy of the Sea Barometer (World) has two parts:1. A summary of quantitative information on various subsectors that make up the economy of the sea in the world, including trend analysis and a number of rankings of countries by industry;2. An economy of the sea map made by overlapping different rankings of countries by industry on a map of the world.
Sea industries considered
Relevant sub-sectors within the sea economy of the world considered in summary quantitative information:- Maritime transport, ports and logistics;- Shipbuilding, ship repair and maintenance;- Offshore energy;- Security and defence;- Fishing and aquaculture;- Entertainment, sport, tourism and leisure.
There is another set of sub-sectors, such as offshore mineral resources and blue biotechnology that, although reveal a huge potential, will still take some time to gain importance in the global economy.
Rankings
Taking into account the existing quantitative information and respective representation that the variable has on the industry analysis, the following variables were selected for the preparation of rankings considered in the Economy of the Sea Map: - Ownership of the world fleet (top countries)- Top container terminals- Shipbuilding completions (top countries)- Offshore oil & gas production (top countries)- Offshore wind capacity (top countries)- Aircraft Carriers + Frigates + Destroyers + Corvettes + Submarines (top countries)- Pirate attacks locations- Marine capture fisheries (top countries)- Aquaculture (top countries)- Cruises (top markets)- Olympic medals in sailing(top countries)- Commercial shipping trading track with the highest traffic
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HELM – PwC Economy of the Sea Barometer (World)
Update of the quantitative information
As mentioned above, quantification and measurement of the economy of the sea remains difficult. However, as time goes by, new sources of information appear and new reliable indicators may be used. In this context, every year we do a careful review of all the variables that compose the quantitative summary information and update it with relevant information, which has since become available. Similarly, every year, reconfirm that the comparative data of information sources quantitative information summary remain stable.
In case of restatement, by the issuer, we proceed to the respective update summary quantitative information.
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HELM – PwC Economy of the Sea Barometer (World)
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International context
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International context
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Table 1: Top 25 Exclusive Economic Zones (in millions of square kilometers), 2016
Exclusive Economic Zones
Countries with the largest exclusive economic zones have a bigger potential to have benefits from the oceans. Below is presented the ranking of the 25 countries with the largest exclusive economic zones.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Source: Marineregions.org
EEZ
(Millions of Km2)
USA 12.2 Federated States of Micronesia 3.0
France 10.1 Denmark 2.6
Australia 9.1 Norway 2.4
Russia 7.6 Papua New Guinea 2.4
United Kingdom 6.8 India 2.3
Indonesia 6.0 Marshall Islands 2.0
Canada 5.7 Philippines 1.8
New Zealand 4.1 Portugal 1.7
Japan 4.0 Solomon Islands 1.6
Brazil 3.7 South Africa 1.5
Chile 3.7 Mauritius 1.3
Kiribati 3.5 Seychelles 1.3
Mexico 3.3
Table 2: World GDP growth, 2006-2015 (Annual percentage change)
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World Economic Growth
The economy of the sea is a significant part of the world economy and. as such, is affected by the general evolution of macroeconomics. Taking into account growth rates of the various countries, it may be said that recent years have not been easy. In particular, the year 2009 was a particularly negative year in which the growth rate of global gross national product was negative (-2.1%). and the major contributors to this poor result were the developed economies (their gross domestic product fell in the order of -3.7%). In 2009, the low growth rate of gross domestic product in developing countries (+ 2.6%) was not enough to offset the negative growth in developed countries. The high growth rates of GDP recorded in 2007 (4.0%) have not yet been restored; the growth rate in 2014 and projected to 2015 was a mere 2.5%.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
International context
Region/country 2007 2008 2009 2010 2011 2012 2013 2014 2015ª
World 4.0% 1.5% -2.1% 4.1% 2.8% 2.2% 2.4% 2.5% 2.5%
Developed countries 2.5% 0.1% -3.7% 2.6% 1.5% 1.1% 1.3% 1.6% 1.9%
of which:
Japan 2.2% -1.0% -5.5% 4.7% -0.5% 1.7% 1.6% -0.1% 0.9%
United States 1.8% -0.3% -2.8% 2.5% 1.6% 2.3% 2.2% 2.4% 2.3%
European Union (EU-28) 3.0% 0.5% -4.4% 2.1% 1.8% -0.5% 0.1% 1.3% 1.7%
South-East Europe and CIS 8.7% 5.4% -6.6% 4.7% 4.6% 3.3% 2.0% 0.9% -2.6%
South-East Europe 6.2% 5.8% -1.8% 1.5% 1.7% -0.6% 2.4% 0.7% 1.5%
CIS. incl. Georgia 8.9% 5.3% -6.8% 4.9% 4.7% 3.5% 2.0% 0.9% -2.8%
of which:
Russian Federation 8.5% 5.2% -7.8% 4.5% 4.3% 3.4% 1.3% 0.6% -3.5%
Developing countries 8.0% 5.3% 2.6% 7.8% 5.8% 4.7% 4.8% 4.5% 4.1%
Africa 6.1% 5.5% 3.0% 5.1% 0.9% 5.1% 3.8% 3.4% 3.2%
Latin America and the Caribbean 5.6% 3.6% -1.6% 5.8% 4.7% 3.2% 2.8% 1.4% 0.8%
Asia 9.2% 5.9% 4.1% 8.8% 6.9% 5.1% 5.6% 5.6% 5.2%
of which:
China 14.2% 9.6% 9.2% 10.4% 9.3% 7.7% 7.7% 7.4% 6.9%
India 10.1% 6.2% 5.0% 11.0% 6.2% 4.4% 6.4% 7.1% 7.5%
Oceania 4.1% 2.1% 1.0% 3.5% 4.4% 3.2% 2.8% 3.3% 5.3%
Note: Calculations for country aggregates are based on GDP at constant 2005 dollars.a) Forecasts.b) Albania. Bosnia and Herzegovina. Montenegro. Serbia and the former Yugoslav Republic of Macedonia.Source: UNCTAD – Trade and Development Report 2015
b
a
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Maritime transport, ports and logistics
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Table 3: Growth in the volume of merchandise trade, 2010–2014 (Annual percentage change)
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Recent years have seen a slowdown in global economic growth, which resulted in a fall in the growth rate of export volume and import volumes. As shown in the table below, the growth rate of export volume in the world in 2010 was 13.9%. falling to 2.3% in 2014. The same goes in the growth rate of the import volume in the world: in 2010, it was 13.8%; by 2014, it was 2.3%. This decline in the growth rate of exports and imports affected all developed countries and all developing countries.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
a
ExportsCountries/regions
Imports
2010 2011 2012 2013 2014 2010 2011 2012 2013 2014
13.9% 5.5% 2.0% 2.6% 2.3% World 13.8% 5.4% 2.0% 2.3% 2.3%
12.9% 4.9% 0.6% 1.4% 2.0% Developed economies 10.8% 3.4% -0.4% -0.3% 3.2%
of which:
11.6% 5.5% -0.1% 1.7% 1.5% European Union (EU-28) 9.4% 2.8% -2.5% -0.9% 2.8%
27.5% -0.6% -1.0% -1.9% 0.6% Japan 10.1% 4.2% 3.8% 0.5% 2.8%
15.4% 7.2% 3.9% 2.6% 3.1% United States 14.8% 3.8% 2.8% 0.8% 4.7%
16.0% 6.7% 4.0% 4.2% 2.9% Developing economies 18.5% 7.7% 5.1% 6.1% 2.0%
of which:
10.3% -6.8% 5.5% -2.0% -3.6% Africa 6.5% 3.9% 13.2% 5.2% 3.3%
8.1% 5.1% 3.2% 2.1% 2.4% Developing America 22.3% 11.3% 3.3% 4.0% 0.6%
18.2% 8.5% 4.0% 5.2% 3.5% Asia 19.3% 7.3% 7.7% 6.6% 2.2%
of which:
29.5% 13.4% 6.2% 7.7% 6.8% China 25.0% 10.7% 3.6% 9.9% 3.9%
14.0% 15.0% -1.8% 8.5% 3.2% India 13.8% 9.7% 5.9% -0.2% 3.2%
4.2% 9.1% 9.6% 3.1% 0.3% Western Asia 8.6% 8.2% 9.2% 9.6% 0.2%
11.4% 4.1% 0.7% 1.8% 0.2% Transition economies 17.6% 16.8% 5.6% -0.8% -8.5%
Note: Data on trade volumes are derived from international merchandise trade values deflated by UNCTAD unit value indices.Source: UNCTAD - Review of Maritime Transport 2015
Maritime transport, ports and logistics
Table 4: International seaborne trade, selected years (Millions of tons loaded)
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0
2,000
4,000
6,000
8,000
10,000
12,000
1980 1985 1990 1995 2000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Oil and gas
Five major bulks
Other dry cargo
Container
Figure 1: International seaborne trade. selected years (Millions of tons loaded)
Most of the load volume is transported by sea and. Consequently, the maritime transport sector was impacted by slowing growth of exports and imports globally.
Although oil and gas, as well as bulk, are the load types most transported by sea, containerized cargo has been growing.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
a
Source: UNCTAD - Review of Maritime Transport 2015
Year Container Other dry cargo Five major bulks Oil and gas
1980 102 1,123 608 1,871
1985 152 819 900 1,459
1990 234 1,031 988 1,755
1995 371 1,125 1,105 2,050
2000 598 1,928 1,295 2,163
2005 969 2,009 1,709 2,422
2006 1,076 2,112 1,814 2,698
2007 1,193 2,141 1,953 2,747
2008 1,249 2,173 2,065 2,742
2009 1,127 2,004 2,085 2,642
2010 1,280 2,022 2,335 2,772
2011 1,393 2,112 2,486 2,794
2012 1,464 2,150 2,742 2,841
2013 1,544 2,218 2,923 2,829
2014 1,631 2,272 3,112 2,826
Maritime transport, ports and logistics
Table 5: World seaborne trade in 2006–2014. by type of cargo. country group and region (Millions of tons)
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Between 2006 and 2014 there was a change in the relative importance of maritime trade in developed economies compared to developing economies. In 2006. developed economies accounted for approximately 53% of the tonnage of cargo transported by sea. a figure which fell to 38% in 2014. However. the share of developing economies in 2006 was 46% and increased to 61 % in 2014. This was primarily because Europe dropped from 54% in 2006 to 39% in 2014. while Asia rose from a 37% in 2006 to 50% in 2014.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
a
Region/country Year
Goods unloaded(Millions of tons)
Total CrudePetroleum
productsand gas
Dry cargoShare of the
total
World2006 7,878 1,931 894 5,053 100%
2014 9,808 1,862 1,123 6,824 100%
Developed economies
2006 4,165 1,282 536 2,348 53%
2014 3,744 985 552 2,206 38%
Transition economies
2006 71 6 3 62 1%
2014 80 1 11 68 1%
Developing economies
2006 3,643 644 355 2,644 46%
2014 5,984 876 559 4,550 61%
Africa2006 350 41 39 269 4%
2014 466 36 69 360 5%
America2006 373 50 60 264 5%
2014 607 70 93 444 6%
Asia2006 2,907 553 249 2,105 37%
2014 4,897 768 393 3,737 50%
Europe2006 4,235 1,288 539 2,409 54%
2014 3,824 986 564 2,274 39%
Oceania2006 13 0 7 6 0%
2014 14 1 4 9 0%
Source: UNCTAD - Review of Maritime Transport 2015
Table 6: Major producers and consumers of oil and natural gas. 2014 (Percentage world market share)
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The largest consumers of oil and natural gas worldwide are East Asia and North America.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
a
World oil production World oil consumption
Western Asia 32% Asia Pacific 34%
North America 18% North America 22%
Transition economies 16% Europe 15%
Developing America 12% Developing America 10%
Africa 9% Western Asia 9%
Asia Pacific 9% Transition economies 5%
Europe 3% Africa 4%
World natural gas production World natural gas consumption
North America 26% North America 26%
Transition economies 22% Asia Pacific 20%
Western Asia 17% Transition economies 17%
Asia Pacific 15% Western Asia 14%
Europe 7% Europe 13%
Developing America 7% Developing America 8%
Africa 6% Africa 4%
Note: Oil includes crude oil. shale oil. oil sands and natural gas liquids. The term excludes liquid fuels from other sources such as biomass and coal derivatives.Source: UNCTAD - Review of Maritime Transport 2015
Figure 2: Global containerized trade, 1996–2015 (Millions of TEUs and percentage annual change)
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Source: UNCTAD - Review of Maritime Transport 2015
Million TEUs (left) Percentage annual change (right)
At a global level, shipping containers have increased a lot; however, with the 2009 global crisis and a decrease of world gross domestic product, there was a negative growth of containerization in that year.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
-10
180 -
160 -
140 -
120 -
100 -
80 -
60 -
40 -
20 -
0
- 15
- 10
- 5
- 0
- 5
1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
- 20
35
0
10
20
30
40
50
60
70
80
2011 2012 2013 2014
Intraregional & South-South
North-South
Trans-Pacific
Far East-Europe
Secondary East-West
Transatlantic
Figure 3: Distribution of global containerized trade by route, 2011–2014 (Millions of TEUs)
In terms of container transport, the transatlantic route in 2014 represented about 3.8% of total TEU’s transported, while the transpacific route accounted for about 13.4%.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Table 7: Distribution of global containerized trade by route, 2011–2014 (Millions of TEUs)
Source: UNCTAD - Review of Maritime Transport 2014
Year
Intraregional & South-South
North-South Trans-PacificFar East-
EuropeSecondary East-West
Transatlantic
(Millions of TEUs)
2011 56.2 25.8 20.8 20.4 18.8 6.0
2012 60.1 26.0 20.8 20.1 19.5 6.1
2013 63.7 27.2 21.7 21.0 20.1 6.2
2014 68.0 28.7 22.7 22.1 21.3 6.5
Table 8: Some major dry bulks and steel: Main producers, users, exporters and importers, 2014 (Percentage world market share)
36
Asia, and particularly China, is the main importer of steel, iron, coal and grain, while the American Continent and Australia are the main exporters of these strategic products.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Steel producers % Steel users %
China 50% China 46%
Japan 7% United States 7%
United States 7% India 5%
India 5% Japan 4%
Russian Federation 4% Republic of Korea 4%
Republic of Korea 4% Russian Federation 3%
Germany 3% Transition economies 3%
Turkey 2% Germany 3%
Brazil 2% Turkey 2%
Ukraine 2% Mexico 1%
Other 15% Other 22%
Iron ore exporters % Iron ore importers %
Australia 54% China 68%
Brazil 25% Japan 10%
South Africa 5% Europe 9%
Canada 3% Republic of Korea 6%
Sweden 2% Other 7%
Other 12%
Coal exporters % Coal importers %
Indonesia 34% China 20%
Australia 31% Europe 19%
Russian Federation 9% India 18%
Colombia 6% Japan 15%
South Africa 6% Republic of Korea 11%
Canada 3% Taiwan 5%
Other 12% Malaysia 2%
Thailand 2%
Other 9%
Grain exporters % Grain importers %
United States 26% Asia 33%
European Union 14% Africa 21%
Ukraine 10% Developing America 20%
Canada 9% Western Asia 19%
Argentina 8% Europe 5%
Russia Federation 8% Transition economies 2%
Others 25%
Source: UNCTAD - Review of Maritime Transport 2015
Table 9: World fleet by principal vessel types, 1980–2015 (Beginning-of-year figures. percentage share of dwt)
37
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1980 1990 2000 2010 2014 2015
Oil tanker
Dry bulk
General cargo
Container
Other
Figure 4: World fleet by principal vessel types, 1980–2015 (Beginning-of-year figures. percentage share of dwt)
From 1980 to 2015 bulk ship and containers have gained relative weight compared to oil and general load tankers.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Note: All propelled seagoing merchant vessels of 100 GT and above. excluding inland waterway vessels. fishing vessels. military vessels. yachts. and offshore fixed and mobile platforms and barges (with the exception of FPSOs and drill ships).Source: UNCTAD - Review of Maritime Transport 2015
Year Other Container General cargo Dry bulk Oil tanker
1980 4.5% 1.6% 17.0% 27.2% 49.7%
1990 7.5% 3.9% 15.6% 35.6% 37.4%
2000 9.4% 8.0% 12.7% 34.6% 35.4%
2010 7.2% 13.3% 8.5% 35.8% 35.3%
2014 11.0% 12.8% 4.6% 43.1% 28.6%
2015 11.1% 13.0% 4.4% 43.5% 28.0%
Table 10: Ownership of the world fleet. as of 1 January 2015 (dwt and nº of ships)
38
Ranking included in the economy of the sea map.
Greece, Japan, China and Germany are the countries with the highest concentration of ship ownership.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Dead-weight tonnage (thousand dwt)
Beneficial Owner Location ª
Number of ships
Greece 279,429 4,017
Japan 230,675 3,986
China 157,557 4,966
Germany 122,035 3,532
Singapore 84,022 2,356
Republic of Korea 80,181 1,618
Hong Kong SAR (China) 75,321 1,258
United States 60,263 1,972
United Kingdom 48,381 1,227
Norway 46,370 1,857
Taiwan 45,514 869
Bermuda 42,222 322
Denmark 36,179 930
Turkey 27,687 1,530
Monaco 23,929 260
Italy 22,002 803
India 21,815 844
Brazil 20,459 391
Belgium 20,089 243
Russian Federation 18,324 1,739
Iran (Islamic Republic of) 18,080 227
Note: Vessels of 1.000 GT and above.a “Beneficial ownership location” indicates the country/economy in which the company that has the main commercialresponsibility for the vessel is located.Source: UNCTAD - Review of Maritime Transport 2015
Table 11: The 20 leading liner companies (headquarters’ country), 1 January 2015 (Number of ships and total shipboard capacity deployed. in TEUs. ranked by TEU)
39
Denmark, Switzerland, France, Taiwan, China and Germany are the countries where the headquarters of the leading transportation companies are primarily located.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Note: Includes all container-carrying ships known to be operated by liner shipping companies.Source: UNCTAD - Review of Maritime Transport 2015
Ranking Headquarters Vessels TEU
2014 2015 2014 2015
1 Denmark 456 478 2,505,935 2,526,490
2 Switzerland 461 451 2,609,181 2,483,979
3 France 348 375 1,508,007 1,502,417
4 Taiwan 229 204 1,102,245 954,280
5 China 163 158 879,696 854,171
6 China 134 136 750,644 751,507
7 Germany 159 145 762,613 732,656
8 Republic of Korea 115 104 671,210 640,490
9 Japan 119 111 607,562 599,772
10 Singapore 121 96 629,479 545,850
11 China 98 103 510,115 520,328
12 Germany 112 104 539,793 498,902
13 Japan 104 104 488,848 494,953
14 Taiwan 107 103 561,172 487,771
15 Republic of Korea 64 65 392,874 399,791
16 Japan 72 77 368,746 397,623
17 Singapore 137 139 365,693 374,849
18 United Arab Emirates 73 53 610,294 372,841
19 Israel 71 66 305,192 296,554
20 Chile 58 40 320,273 237,567
Table 12: The 20 flags of registration with the largest registered fleets. as of 1 January 2015 (dwt)
40
Panama, Liberia, The Marshall Islands, China and Singapore are the countries with largest ship registers.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Note: Propelled seagoing merchant vessels of 1.000 GT and above; ranked by dead-weight tonnage. For a complete list of all countries for ships of 100 GT and above see http://stats.unctad.org/fleet.NIS: Norwegian International Ship Register; DIS: Danish International Ship Register.Source: UNCTAD - Review of Maritime Transport 2015
Flag of registration Number of shipsDead-weight tonnage
(thousand dwt)Per cent
of world total (dwt)
2014 2015 2014 2015 2014 2015
Panama 7,068 8,351 355,700 352,192 21.2% 20.1%
Liberia 3,126 3,143 205,206 203,832 12.2% 11.7%
Marshall Islands 2,207 2,580 152,339 175,345 9.1% 10%
Hong Kong SAR, China 2,065 2,425 138,134 150,801 8.2% 8.6%
Singapore 2,318 3,689 103,467 115,022 6.2% 6.6%
Malta 1,698 1,895 72,935 82,002 4.4% 4.7%
Greece 883 1,484 77,078 78,728 4.6% 4.5%
Bahamas 1,327 1,421 74,874 75,779 4.5% 4.3%
China 2,802 3,941 73,522 75,676 4.4% 4.3%
Cyprus 937 1,629 32,594 33,664 1.9% 1.9%
Isle of Man 409 1,079 23,711 23,008 1.4% 1.3%
Japan 766 5,224 17,915 22,419 1.1% 1.3%
Norway 531 1,558 18,221 20,738 1.1% 1.2%
Italy 719 1,418 20,022 17,555 1.2% 1%
United Kingdom 658 1,865 18,805 17,103 1.1% 1%
Republic of Korea 777 673 16,881 16,825 1.0% 1%
Denmark 381 7,373 14,371 16,656 0.9% 1%
Indonesia 1,609 1,604 13,846 15,741 0.8% 0.9%
India 702 1,174 15,245 15,551 0.9% 0.9%
Antigua and Barbuda 1,207 650 13,391 12,753 0.8% 0.7%
Rest of the world 15,411 36,288 219,046 227,832 13.1% 13%
Total World 47,601 89,464 1,676,853 1,749,222 100.0% 100.0%
Figure 5: Top 20 ship owning nations. beneficial ownership, 1 January 2015 (1.000 dwt. by country/economy of ownership)
41
Most ship owners register their ships in different location from the country where they are located, looking for better conditions.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
0
50,000
100,000
150,000
200,000
250,000
300,000
Foreign flag
National flag
Table 13: Distribution of dwt capacity of vessel types, by country group of registration, January 2015 (Beginning-of-year figures, per cent of dwt)
42
Most ships are registered in developing countries.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Total fleet Oil tankers Bulk carriersGeneral
cargoContainer
shipsOthers
World total 100% 100% 100% 100% 100% 100%
Developed countries 22.70% 26.26% 17.82% 28.38% 26.81% 25.75%
Countries with economies in transition
0.71% 0.78% 0.26% 5.35% 0.03% 1.22%
Developing countries 76.36% 72.91% 81.90% 65.41% 73.14% 71.45%
of which:
Africa 13.14% 17.18% 9.98% 5.96% 20.19% 9.93%
America 26.74% 20.68% 31.93% 22.57% 19.75% 31.53%
Asia 26.05% 21.46% 29.46% 33.92% 28.00% 18.92%
Oceania 10.42% 13.60% 10.53% 2.95% 5.20% 11.07%
Unknown and other 0.24% 0.05% 0.01% 0.86% 0.02% 1.57%
Note: Propelled seagoing merchant vessels of 100 GT and above.Source: UNCTAD - Review of Maritime Transport 2015
Table 14: Container freight markets and rates
43
The years 2009, 2011, 2013 and 2014 were years of decline in freight prices.
a
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Freight markets 2009 2010 2011 2012 2013 2014
Trans-Pacific ($ per FEU)
Shanghai - United States West Coast 1,372 2,308 1,667 2,287 2,033 1,970
Percentage change 68% -28% 37% -11% -3%
Shanghai - United States East Coast 2,367 3,499 3,008 3,416 3,290 3,720
Percentage change 48% -14% 14% -4% 13%
Far East-Europe ($ per TEU)
Shanghai - Northern Europe 1,395 1,789 881 1,353 1,084 1,161
Percentage change 28% -51% 54% -20% 7%
Shanghai-Mediterranean 1,397 1,739 973 1,336 1,151 1,253
Percentage change 24% -44% 37% -14% 9%
North-South ($ per TEU)
Shanghai-South America (Santos) 2,429 2,236 1,483 1,771 1,380 1,103
Percentage change -8% -34% 19% -22% -20%
Shanghai-Australia/New Zealand (Melbourne)
1,500 1,189 772 925 818 678
Percentage change -21% -35% 20% -12% -17%
Shanghai-West Africa (Lagos) 2,247 2,305 1,908 2,092 1,927 1,838
Percentage change 3% -17% 10% -8% -5%
Shanghai-South Africa (Durban) 1,495 1,481 991 1,047 805 760
Percentage change -1% -33% 6% -23% -6%
Intra-Asian ($ per TEU)
Shanghai-South-East Asia (Singapore) 318 210 256 231 233
Percentage change -34% 22% -10% 1%
Shanghai-East Japan 316 337 345 346 273
Percentage change 7% 2% 0% -21%
Shanghai-Republic of Korea 193 198 183 197 187
Percentage change 3% -8% 8% -5%
Shanghai-Hong Kong (China) 116 155 131 85 65
Percentage change 34% -15% -35% -24%
Shanghai-Persian Gulf (Dubai) 639 922 838 981 771 820
Percentage change 44% -9% 17% -21% 6%
Note: Data based on yearly averages.FEU: 40-foot equivalent unit.Source: UNCTAD - Review of Maritime Transport 2015
Table 15: Growth of demand and supply in container shipping. 2000–2015 (Annual growth rates)
44
-15.00%
-10.00%
-5.00%
0.00%
5.00%
10.00%
15.00%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Demand
Supply
Figure 6: Growth of demand and supply in container shipping. 2000–2015 (Annual growth rates)
In the period 2000-2015, the supply of transport in containers always grew; however, in 2009, the demand decreased. The growth in demand after 2009, on average, is lower than the growth in demand before 2009.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Note: Supply data refer to the total capacity of the container-carrying fleet. including multi-purpose and other vessels with some degree of container carrying capacity. Demand growth is based on million TEU lifts. The data for 2014 are projected figures.Source: UNCTAD - Review of Maritime Transport 2015
Year Demand Supply
2000 10.7% 7.8%
2001 2.4% 8.5%
2002 10.5% 8.0%
2003 11.6% 8.0%
2004 13.4% 8.0%
2005 10.6% 10.5%
2006 11.2% 13.6%
2007 11.4% 11.8%
2008 4.2% 10.8%
2009 -9.0% 4.9%
2010 12.8% 8.3%
2011 7.2% 6.8%
2012 3.2% 4.9%
2013 5.0% 5.0%
2014 6.0% 5.0%
2015 (prevision) 6.5% 6.0%
Figure 7: Baltic Exchange Dry Index, 2012–2016 (16 July 2016) (Index base year 1985 = 1,000 points)
45
Note: The BDI is a composite of 3 sub-indices. each covering a different carrier size: Capesize. Panamax. and Supramax. Capesize carriers are the largest ships with a capacity greater than 150.000 DWT. Panamax refers to the maximum size allowed for ships travelling through the Panama Canal. typically 65.000 - 80.000 DWT. The Supramax Index covers carriers with a capacity of 50.000 - 60.000 DWT.Source: www.quandl.com/data/LLOYDS/BDI-Baltic-Dry-Index
The Baltic Dry Index is a reference index in the analysis of the price of maritime transport.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
0
500
1,000
1,500
2,000
2,500
20
11-0
3-0
1
20
11-0
5-0
1
20
11-0
7-0
1
20
11-0
9-0
1
20
11-1
1-0
1
20
12-0
1-0
1
20
12-0
3-0
1
20
12-0
5-0
1
20
12-0
7-0
1
20
12-0
9-0
1
20
12-1
1-0
1
20
13-0
1-0
1
20
13-0
3-0
1
20
13-0
5-0
1
20
13-0
7-0
1
20
13-0
9-0
1
20
13-1
1-0
1
20
14-0
1-0
1
20
14-0
3-0
1
20
14-0
5-0
1
20
14-0
7-0
1
20
14-0
9-0
1
20
14-1
1-0
1
20
15-0
1-0
1
20
15-0
3-0
1
20
15-0
5-0
1
20
15-0
7-0
1
20
15-0
9-0
1
20
15-1
1-0
1
20
16-0
1-0
1
20
16-0
3-0
1
20
16-0
5-0
1
20
16-0
7-0
1
Baltic Exchange Dry Index
Table 16: Top 20 container terminals and their throughput for 2011, 2012, 2013 and 2014 (Million TEUs and percentage change)
46
Ranking included in the economy of the sea map.
The world's ten largest container ports are Asian, seven are Chinese.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Note: In this list Singapore does not include the port of Jurong.Source: UNCTAD - Review of Maritime Transport 2015
Port Name Country 2012 2013 2014Percentage
change2013-2014
Percentage share in the
world
Million TEUs
Shanghai China 32.5 36.6 35.3 -3.62% 5.16%
Singapore Singapore 31.6 32.6 33.9 3.89% 4.95%
Shenzhen China 22.9 23.3 24.0 3.27% 3.51%
Hong Kong (China) Hong Kong (China) 23.1 22.4 22.2 -0.68% 3.24%
Ningbo China 15.7 17.4 19.5 12.10% 2.85%
Busan South Korea 17.0 17.7 18.7 5.61% 2.73%
Guangzhou China 14.7 15.3 16.6 8.50% 2.43%
Qingdao China 14.5 15.5 16.6 6.83% 2.43%
Dubai United Arab Emirates 13.3 13.6 15.2 11.43% 2.22%
Tianjin China 12.3 13.0 14.1 8.15% 2.06%
Roterdam Netherlands 11.9 11.6 12.3 5.83% 1.80%
Port Klang Malaysia 10.0 10.4 10.9 5.76% 1.59%
Kaohsiung Taiwan 9.7 9.9 10.6 6.59% 1.55%
Dalian China 8.1 10.0 10.1 1.15% 1.47%
Hamburg Germany 8.9 9.3 9.7 5.09% 1.42%
Antwerp Belgium 8.6 8.6 9.0 4.66% 1.32%
Xiamen China 7.2 8.0 8.6 7.04% 1.26%
Tanjung Pelepas Malaysia 7.7 7.7 8.5 11.43% 1.24%
Los Angeles United States 8.1 7.9 8.3 5.99% 1.21%
Jacarta Indonesia 6.1 6.2 6.1 -1.91% 0.89%
Total top 20 284.1 296.8 310.1 4.49% 45.31%
Table 17: World’s leading ports by productivity, 2014 (container moves per ship, per hour on all vesselsizes and percentage increase)
47
The five largest ports operators in the world have their headquarters in United Arab Emirates or China.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Maritime transport, ports and logistics
Port Country2012 berth
productivity2013 berth
productivity2014 berth
productivity
Percentageincrease
2013/2012
Percentageincrease
2014/2013
Jebel Ali United Arab Emirates 81 119 138 47% 16%
Tianjin China 86 130 125 51% -4%
Qingdao China 96 126 125 31% -1%
Nansha China 73 104 119 42% 14%
Yantian China 78 106 117 36% 10%
Khor al Fakkan United Arab Emirates 74 119 108 61% -9%
Ningbo China 88 120 107 36% -11%
Yokohama Japan 85 108 105 27% -3%
Busan Republic of Korea 80 105 102 31% -3%
Xiamen China 76 106 90 39% -15%
Source: UNCTAD - Review of Maritime Transport 2015
48CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
49CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Table 18: Summary of activity in World Shipyards (Thousands of CGT)
50
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
200,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Order book
New orders
Completions
Figure 8: Summary of activity in World Shipyards (Thousands of CGT)
The order backlog in global shipyards grew between 2002 and 2008; thereafter. orders decreased until 2012. However, for the following four years (2012, 2013, 2014 and 2015), this trend has been reversed.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Year Order book New orders Completions
2002 48,946 20,471 21,396
2003 70,807 41,705 22,824
2004 92,800 45,128 25,461
2005 107,200 39,588 29,353
2006 138,000 57,315 34,123
2007 183,740 85,277 34,640
2008 194,166 42,953 41,873
2009 156,200 16,554 44,401
2010 128,013 38,581 51,573
2011 111,442 30,823 51,126
2012 92,300 24,713 47,967
2013 102,900 53,839 38,068
2014 108,146 45,592 36,450
2015 109,690 39,354 37,601
Note: CGT - Compensated Gross Tonnage- International unit of measure that facilitates the comparison of different shipyards’ production regardless of the types of vessel produced. The CGT of a ship is calculated using a table of conversion factors published by OECD. The conversion factors vary with ship type. GT – Gross Tonnage; unit of 100 cubic feet or 2.831 cubic meters. used in arriving at the calculation of gross tonnage.Source: Sea Europe. Shipbuilding Market Monitoring 2015
Table 19: Summary of activity in Chinese shipyards (Thousands of CGT)
51
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Order book
New orders
Completions
Figure 9: Summary of activity in Chinese shipyards (Thousands of CGT)
The evolution of activity in Chinese shipyards has followed the trend in the shipyards globally, although the growth recorded between 2002 and 2008 was more significant than that in the rest of the world.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Year Order book New orders Completions
2002 5,943 2,669 1,561
2003 9,327 5,235 2,604
2004 12,589 5,691 2,929
2005 15,629 6,067 4,343
2006 25,701 13,366 5,148
2007 50,221 28,925 6,638
2008 62,011 13,864 9,053
2009 54,359 7,113 12,520
2010 48,923 16,102 18,801
2011 40,878 8,339 19,739
2012 32,209 8,555 19,701
2013 36,649 21,402 13,377
2014 40,641 16,900 11,907
2015 39,925 13,119 13,326
Source: Sea Europe. Shipbuilding Market Monitoring 2015
Table 20: Summary of activity in South Korean shipyards (Thousands of CGT)
52
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Order book
New orders
Completions
Figure 10: Summary of activity in South Korean shipyards (Thousands of CGT)
Although in general. the activity of South Korean shipyards is below the activity of Chinese shipyards, at the end of 2014, the number of finished ships was very similar.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Year Order book New orders Completions
2002 15,215 5,663 6,650
2003 26,368 18,671 7,167
2004 33,365 15,806 8,348
2005 37,243 13,960 10,136
2006 46,544 21,884 11,868
2007 63,389 32,969 11,135
2008 64,357 14,780 14,535
2009 47,576 3,383 14,463
2010 39,145 11,915 14,906
2011 35,529 13,615 15,954
2012 28,517 7,111 13,393
2013 31,169 17,437 12,027
2014 31,244 12,588 11,606
2015 29,257 10,120 11,750
Source: Sea Europe. Shipbuilding Market Monitoring 2015
Table 21: Summary of activity of Japanese shipyards (Thousands of CGT)
53
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Order book
New orders
Completions
Figure 11: Summary of activity of Japanese shipyards (Thousands of CGT)
Japanese shipyards have also seen a recovery in the last four years in terms of order book.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Year Order book New orders Completions
2002 13,052 7,965 6,570
2003 19,076 11,779 6,887
2004 25,113 13,675 7,996
2005 26,894 8,620 8,479
2006 29,372 11,193 9,551
2007 30,714 10,125 8,851
2008 30,649 7,820 9,741
2009 24,460 3,877 9,628
2010 19,836 5,374 9,821
2011 16,132 4,118 9,162
2012 12,534 4,396 8,415
2013 13,615 7,550 7,092
2014 17,442 10,256 6,768
2015 20,855 10,222 6,795Source: Sea Europe. Shipbuilding Market Monitoring 2015
Table 22: Summary of activity of EU28+ Norway shipyards (Thousands of CGT)
54
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,000
20,000
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Order book
New orders
Completions
Figure 12: Summary of activity of EU28+ Norway shipyards (Thousands of CGT)
European yards also have experienced a recovery of the order book as from 2012.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Year Order book New orders Completions
2002 9,666 2,341 4,896
2003 9,610 3,951 4,498
2004 12,406 6,798 4,194
2005 15,738 7,226 3,766
2006 17,430 5,597 4,762
2007 17,376 5,257 4,637
2008 14,209 2,229 4,962
2009 9,647 571 3,966
2010 6,495 2,487 4,020
2011 5,836 1,830 2,474
2012 5,058 1,859 2,232
2013 5,705 2,515 1,975
2014 7,247 3,394 2,179
2015 8,715 3,240 1,706
Source: Sea Europe. Shipbuilding Market Monitoring 2015
Table 23: Orderbook by Ship Types - 31.12.2015
55
At the end of 2015, 39.6% of the order ships refer to solid bulk load ship, immediately followed by orders for tankers for the transport of crude oil (27.7%).
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Types NO. 1,000 GT 1,000 CGT 1,000 DWT % DWT
Crude Oil Tanker 437 40,523 13,872 76,219 27.7%
Oil Products Tanker 193 3,199 2,009 5,200 1.9%
Chemical Tanker 497 9,922 6,888 16,020 5.8%
Other Liquids 6 4 11 3 0.0%
Tankers 1,133 53,648 22,780 97,442 35.5%
Bulk Dry 1,299 59,938 25,430 108,904 39.6%
Bulk Dry / Oil 4 174 99 322 0.1%
Self-Discharging Bulk Dry 8 207 112 314 0.1%
Other Bulk Dry 20 185 133 239 0.1%
Bulk Carriers 1,331 60,504 25,774 109,779 40.0%
General Cargo 349 2,988 2,745 4,288 1.6%
Container 497 39,521 18,569 41,942 15.3%
Refrigerated Cargo 15 135 193 132 0.0%
Ro-Ro Cargo 134 5,858 3,267 1,912 0.7%
Other Dry Cargo 22 669 422 684 0.2%
Dry Cargoes 1,017 49,171 25,196 48,958 17.8%
LNG Tanker 143 15,696 12,059 11,126 4.0%
LPG Tanker 212 6,115 4,330 6,884 2.5%
Gastankers 355 21,811 16,389 18,010 6.6%
Passenger/Ro-Ro Cargo 80 588 785 130 0.0%
Passenger (Cruise) 52 5,344 5,389 413 0.2%
Other Passenger Vessels/Ferries 49 75 130 27 0.0%
Ferries / Passenger Ships 181 6,007 6,304 570 0.2%
Fish Catching 91 142 365 0 0.0%
Other Fishing 34 64 162 0 0.0%
Offshore Supply 710 1,841 3,995 0 0.0%
Other Offshore 306 7,931 6,162 0 0.0%
Research 36 176 286 0 0.0%
Towing / Pushing 600 251 1,102 0 0.0%
Dredging 29 194 285 0 0.0%
Other Activities 216 523 889 0 0.0%
Other Non Cargo Vessels 2,022 11,122 13,246 0 0.0%
Total 6,039 202,265 109,690 274,758 100.0%
Source: Sea Europe. Shipbuilding Market Monitoring 2015
56CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Table 24: Orderbook by Country - 31.12.2015
Source: Sea Europe. Shipbuilding Market Monitoring 2015
Country NO. 1,000 GT % 1,000 CGT %
Croatia 38 717 0.4% 526 0.5%
Finland 12 879 0.4% 889 0.8%
Germany 28 1,860 0.9% 1,766 1.6%
Italy 37 1,985 1.0% 2,158 2.0%
Netherlands 75 247 0.1% 383 0.3%
Poland 75 187 0.1% 348 0.3%
Romania 83 1,923 1.0% 1,080 1.0%
Spain 52 718 0.4% 521 0.5%
United Kingdom 15 32 0.0% 64 0.1%
Other EU-28 26 757 0.3% 724 0.6%
EU-28 441 9,305 4.6% 8,459 7.7%
Norway 34 160 0.1% 256 0.2%
Russia 49 319 0.2% 373 0.3%
Turkey 141 368 0.2% 621 0.6%
Ukraine 13 39 0.0% 68 0.1%
Others 1 0 0.0% 1 0.0%
Other European 238 886 0.4% 1,319 1.2%
Japan 991 40,585 20.1% 20,855 19.0%
South Korea 774 59,974 29.7% 29,257 26.7%
China 2,354 77,855 38.5% 39,925 36.4%
Brazil 128 3,111 1.5% 2,184 2.0%
India 120 292 0.1% 502 0.5%
Indonesia 110 181 0.1% 321 0.3%
Malaysia 129 106 0.1% 315 0.3%
Philippines 93 5,170 2.6% 2,347 2.1%
Singapore 56 192 0.1% 281 0.3%
Taiwan 33 1,444 0.7% 796 0.7%
USA 111 845 0.4% 856 0.8%
Vietnam 206 1,606 0.8% 1,300 1.2%
Others 255 711 0.4% 973 0.9%
Rest of the world 1,241 13,658 6.8% 9,875 9.0%
World Total 6,039 202,265 100% 109,690 100.0%
In 2015, China had the highest volume of orders for ships (36.4%), followed by South Korea (26.7%) and Japan (19.0%). Fourth, is the European Union 28+ Norway with 7.9%.
57CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Table 25: New Orders by Ship types 2015
Types NO. 1,000 GT 1,000 CGT 1,000 DWT % DWT
Crude Oil Tanker 225 21,346 7,258 40,230 38.7%
Oil Products Tanker 71 1,508 878 2,466 2.4%
Chemical Tanker 200 4,040 2,784 6,619 6.4%
Other Liquids 1 0 1 0 0.0%
Tankers 497 26,894 10,921 49,315 47.4%
Bulk Dry 318 12,744 5,755 22,692 21.8%
Bulk Dry / Oil 8 207 112 314 0.3%
Other Bulk Dry 16 166 114 211 0.2%
Bulk Carriers 342 13,117 5,981 23,217 22.3%
General Cargo 125 911 867 1,363 1.3%
Container 265 22,939 10,475 24,017 23.1%
Refrigerated Cargo 11 68 112 76 0.1%
Ro-Ro Cargo 65 2,998 1,687 898 0.9%
Other Dry Cargo 6 123 90 81 0.1%
Dry Cargoes 472 27,039 13,231 26,435 25.4%
LNG Tanker 29 3,160 2,402 2,056 2.0%
LPG Tanker 72 2,463 1,655 2,759 2.7%
Gastankers 101 5,623 4,057 4,815 4.6%
Passenger/Ro-Ro Cargo 41 307 402 72 0.1%
Passenger (Cruise) 19 2,002 2,004 152 0.1%
Other Passenger Vessels/Ferries 27 39 60 22 0.0%
Ferries / Passenger Ships 87 2,348 2,466 246 0.2%
Fish Catching 43 59 153 0 0.0%
Other Fishing 24 50 125 0 0.0%
Offshore Supply 160 309 706 0 0.0%
Other Offshore 57 788 816 0 0.0%
Research 12 66 105 0 0.0%
Towing / Pushing 261 97 464 0 0.0%
Dredging 11 81 112 0 0.0%
Other Activities 41 149 219 0 0.0%
Other Non Cargo Vessels 609 1,599 2,700 0 0.0%
Total 2,108 76,620 39,354 104,029 100.0%
Source: Sea Europe. Shipbuilding Market Monitoring 2015
At the end of 2015, 38.7% of the new order ships refer to tanks for the transport of crude oil, immediately followed by new orders of container carriers (23.1%) and solid bulk load ships (21.8%).
58CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Table 26: New Orders by Country 2015
Source: Sea Europe. Shipbuilding Market Monitoring 2015
Country NO. 1,000 GT % 1,000 CGT %
Croatia 15 331 0.4% 244 0.6%
Germany 8 722 0.9% 672 1.7%
Italy 15 731 1.0% 782 2.0%
Netherlands 22 64 0.1% 101 0.3%
Poland 29 54 0.1% 114 0.3%
Romania 35 200 0.3% 213 0.5%
Spain 33 589 0.8% 329 0.8%
United Kingdom 10 22 0.0% 39 0.1%
Other EU-28 18 657 0.8% 653 1.7%
EU-28 185 3,370 4.4% 3,147 8.0%
Norway 17 50 0.1% 93 0.2%
Russia 4 54 0.1% 59 0.1%
Turkey 79 153 0.2% 278 0.7%
Ukraine 4 1 0.0% 6 0.0%
Other European 104 258 0.3% 436 1.1%
Japan 513 20,555 26.8% 10,222 26.0%
South Korea 276 23,634 30.8% 10,120 25.7%
China 712 25,327 33.1% 13,119 33.3%
Brazil 6 10 0.0% 22 0.1%
India 5 4 0.0% 11 0.0%
Indonesia 33 52 0.1% 88 0.2%
Malaysia 21 16 0.0% 49 0.1%
Philippines 43 2,268 3.0% 1,046 2.7%
Singapore 19 25 0.0% 61 0.2%
Taiwan 15 363 0.5% 269 0.7%
USA 23 35 0.0% 86 0.2%
Vietnam 81 554 0.7% 426 1.1%
Others 72 151 0.2% 252 0.6%
Rest of the world 318 3,478 4.5% 2,310 5.9%
World Total 2,108 76,620 100.0% 39,354 100.0%
59CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Table 27: Completions by Ship types 2015
Types NO. 1,000 GT 1,000 CGT 1,000 DWT % DWT
Crude Oil Tanker 61 6,041 2,013 11,237 11.9%
Oil Products Tanker 68 342 329 520 0.6%
Chemical Tanker 207 4,585 2,867 7,585 8.1%
Tankers 336 10,968 5,209 19,342 20.5%
Bulk Dry 616 26,272 11,533 47,438 50.4%
Self-Discharging Bulk Dry 2 107 45 187 0.2%
Other Bulk Dry 26 140 117 183 0.2%
Bulk Carriers 644 26,519 11,695 47,808 50.8%
General Cargo 161 1,202 1,058 1,833 1.9%
Container 212 17,339 8,246 18,847 20.0%
Refrigerated Cargo 1 5 9 5 0.0%
Ro-Ro Cargo 88 2,090 1,241 851 0.9%
Other Dry Cargo 8 266 159 326 0.3%
Dry Cargoes 470 20,902 10,713 21,862 23.2%
LNG Tanker 31 3,021 2,411 2,482 2.6%
LPG Tanker 83 2,205 1,565 2,482 2.6%
Gastankers 114 5,226 3,976 4,964 5.3%
Passenger/Ro-Ro Cargo 57 271 392 86 0.1%
Passenger (Cruise) 8 642 670 51 0.1%
Other Passenger Vessels/Ferries 49 54 101 16 0.0%
Ferries / Passenger Ships 114 967 1,163 153 0.2%
Fish Catching 153 139 420 0 0.0%
Other Fishing 13 16 43 0 0.0%
Offshore Supply 305 658 1,493 0 0.0%
Other Offshore 92 1,706 1,446 0 0.0%
Research 23 78 142 0 0.0%
Towing / Pushing 417 135 663 0 0.0%
Dredging 12 54 94 0 0.0%
Other Activities 148 270 544 0 0.0%
Other Non Cargo Vessels 1,163 3,056 4,845 0 0.0%
Total 2,841 67,636 37,601 94,128 100%
Source: Sea Europe. Shipbuilding Market Monitoring 2015
At the end of 2015, 50.4% of completed ships worldwide were related to transport dry bulk ships, 20% of completed ships refer to container carriers, and 11.9% for transport tanks of crude oil.
60
Ranking included in the economy of the sea map.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Table 28: Completions by Countries 2015
Source: Sea Europe. Shipbuilding Market Monitoring 2015
Country NO. 1,000 GT % 1.000 CGT %
Croatia 7 73 0.1% 67 0.2%
Germany 10 384 0.6% 375 1.0%
Italy 6 219 0.3% 254 0.7%
Netherlands 33 89 0.1% 144 0.4%
Poland 32 60 0.1% 130 0.3%
Romania 39 485 0.7% 346 0.9%
Spain 27 38 0.1% 107 0.3%
Other EU-28 24 128 0.2% 178 0.5%
EU-28 178 1,476 2.2% 1,601 4.3%
Norway 21 59 0.1% 105 0.3%
Russia 14 47 0.1% 72 0.2%
Turkey 91 173 0.3% 347 0.9%
Others 7 1 0.0% 8 0.0%
Other European 133 280 0.4% 532 1.4%
Japan 520 13,005 19.2% 6,795 18.1%
South Korea 360 23,365 34.5% 11,750 31.2%
China 941 25,160 37.2% 13,326 35.4%
Brazil 31 365 0.5% 252 0.7%
India 26 26 0.0% 65 0.2%
Indonesia 171 182 0.3% 412 1.1%
Malaysia 105 61 0.1% 203 0.5%
Philippines 40 1,865 2.8% 943 2.5%
Singapore 22 11 0.0% 43 0.1%
Taiwan 55 748 1.1% 522 1.4%
USA 75 427 0.6% 453 1.2%
Vietnam 89 591 0.9% 495 1.3%
Others 95 72 0.1% 211 0.6%
Rest of the world 709 4,348 6.4% 3,599 9.6%
World Total 2,841 67,636 100.0% 37,601 100.0%
In 2015, Asia (China, South Korea and Japan), completed more than 80% of the production of ships in that year (35.4%, 31.2% and 18.1% respectively).In the European Union 28 + Norway finished only 4.6% of all finished ships worldwide.
Figure 13: Completions in global shipyards (in CGT)
61
Source: Sea Europe. Shipbuilding Market Monitoring 2015
The ship production capacity has drastically reduced in Europe 28 + Norway, but has increased exponentially in China, South Korea and Japan have been able to maintain their importance.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
EU 28 + Norway
Japan
SouthKorea
China
Others
2002 2008 2015
Table 29: Tonnage reported sold for demolition, major vessel types and countries where demolished. 2014 (Thousands of GT)
62
China, India, Bangladesh and Pakistan were the locations where there was the most dismantling of bulk volume ships.China was the country that dismantled most container ships.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Shipbuilding, maintenance and equipment
Note: Propelled seagoing merchant vessels of 100 GT and above.Source: UNCTAD - Review of Maritime Transport 2015
China Índia Bangladesh PakistanOthers Indian subcontinent
Turkey Others World total
Year 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014 2013 2014
Oil tankers 748 393 791 827 994 368 2,680 2,227 278 160 57 86 296 420 5,844 4,482
Bulk carriers
3,524 1,576 2,934 2,771 4,222 2,888 1,335 1,458 132 111 241 151 277 143 12,665 9,098
General cargo
332 719 930 301 202 313 99 65 12 332 349 306 259 2,211 2,008
ContainerShips
795 3,455 3.195 777 888 303 22 32 119 77 63 128 139 5,223 4,769
Gas carriers 249 215 63 8 62 6 29 28 35 29 382 342
Chemical tankers
13 136 75 3 23 10 40 13 13 34 53 1 218 196
Offshore 13 127 127 6 115 199 943 331 39 3 9 190 26 1,429 697
Ferries and passenger ships
74 109 13 19 171 67 42 22 322 194
Other 450 270 186 168 63 106 49 53 10 12 758 609
Total 6,124 6,965 8,409 4,873 6,506 4,269 5,118 4,127 586 271 973 839 1,336 1,051 29,052 22,394
63CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
64CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Offshore energy
65CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Offshore energy
66
Table 30: Total onshore and offshore proved reserves of Oil by country
In 2004, after the Middle East and North America and, Europe was the third largest oil and natural gas producing region of the world.By 2015, Europe had been relegated to 4th place; the Middle East continued to lead production, followed by Latin then North America.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Source: BP Statistical Review 2016
At end 2004Thousand
millionbarrels
At end 2013Thousand
millionbarrels
At end 2014Thousand
millionbarrels
At end 2015Thousand
millionbarrels
Share of the world total
USA 29.3 48.5 55.0 55.0 3.2%
Canada 179.6 172.9 172.2 172.2 10.1%
Mexico 14.8 11.1 10.8 10.8 0.6%
Total North America 223.7 232.5 238.0 238.0 14.0%
Brazil 11.2 15.6 16.2 13.0 0.8%
Ecuador 5.1 8.2 8.0 8.0 0.5%
Venezuela 79.7 298.3 300.0 300.9 17.7%
Other Central & South America 7.4 7.6 7.5 7.3 0.4%
Total & Center South America 103.4 329.8 331.7 329.2 19.4%
Azerbaijan 7.0 7.0 7.0 7.0 0.4%
Kazakhstan 9.0 30.0 30.0 30.0 1.8%
Norway 9.7 7.0 6.5 8.0 0.5%
Russia 105.5 105.0 103.2 102.4 6.0%
United Kingdom 4.0 3.0 2.8 2.8 0.2%
Other Europe & Eurasia 5.6 5.1 5.1 5.1 0.2%
Total Europe & Eurasia 140.8 157.2 154.6 155.2 9.1%
Iran 132.7 157.8 157.8 157.8 9.3%
Iraq 115.0 150.0 143.1 143.1 8.4%
Kuwait 101.5 101.5 101.5 101.5 6.0%
Oman 5.6 5.0 5.2 5.3 0.3%
Qatar 26.9 25.1 25.7 25.7 1.5%
Saudi Arabia 264.3 265.9 267.0 266.6 15.7%
United Arab Emirates 97.8 97.8 97.8 97.8 5.8%
Yemen 3.0 3.0 3.0 3.0 0.2%
Other Middle East 3.3 2.8 2.7 2.7 0.1%
Total Middle East 750.1 808.7 803.8 803.5 47.3%
Algeria 11.8 12.2 12.2 12.2 0.7%
Angola 9.0 12.7 12.7 12.7 0.7%
Egypt 3.6 3.9 3.7 3.5 0.2%
Libya 39.1 48.4 48.4 48.4 2.8%
Nigeria 35.9 37.1 37.1 37.1 2.2%
South Sudan 0 3.5 3.5 3.5 0.2%
Other Africa 8.3 12.4 11.8 11.8 0.8%
Total Africa 107.6 130.1 129.3 129.1 7.6%
Australia 3.9 4.0 4.0 4.0 0.2%
China 15.5 18.5 18.5 18.5 1.1%
India 5.6 5.7 5.7 5.7 0.3%
Indonesia 4.3 3.7 3.6 3.6 0.2%
Malaysia 5.2 3.8 3.6 3.6 0.2%
Vietnam 3.1 4.4 4.4 4.4 0.3%
Other Asia Pacific 3.1 2.7 2.8 2.8 0.2%
Total Asia Pacific 40.6 42.7 42.6 42.6 2.5%
Total World 1 366.2 1 701.0 1 700.0 1 697.6 100.0%
67
Table 31: Total proved reserves of natural gas by country
In 2015, more than half of the world's proven gas reserves belonged to Iran and the Russian Federation.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Offshore energy
Source: BP Statistical Review 2016
At end 2004Trillion
cubicmetres
At end 2013Trillion
cubicmetres
At end 2014Trillion
cubicmetres
At end 2014Trillion
cubicmetres
US 5.5 9.6 10.4 10.4
Other North America 2.0 2.3 2.3 2.3
Total North America 7.5 12.0 12.8 12.8
Venezuela 4.3 5.6 5.6 5.6
Other S. & Cent. America 2.6 2.1 2.0 2.0
Total S. & Cent. America 7.0 7.7 7.6 7.6
Russian Federation 3.1 32.3 32.4 32.3
Turkmenistan 2.3 17.5 17.5 17.5
Other Europe & Eurasia 9.3 7.7 7.1 7.0
Total Europe & Eurasia 42.7 57.5 57.0 56.8
Iran 27.5 34.0 34.0 34.0
Iraq 3.2 3.6 3.7 3.7
Qatar 25.4 24.7 24.5 24.5
Saudi Arabia 6.8 8.2 8.3 8.3
United Arab Emirates 6.1 6.1 6.1 6.1
Other Middle East 3.3 3.5 3.5 3.4
Total Middle East 72.2 80.0 80.1 80.0
Algeria 4.5 4.5 4.5 4.5
Nigeria 5.2 5.1 5.1 5.1
Other Africa 4.5 4.5 4.5 4.5
Total Africa 14.2 14.2 14.1 14.1
Australia 2.3 3.7 3.5 3.5
China 1.5 3.5 3.7 3.8
Other Asia Pacific 9.2 8.2 8.2 8.3
Total Asia Pacific 13.0 15.2 15.4 15.6
Total World 156.5 186.5 187.0 186.9
68
Table 32: Evolution of the Brent’s price
Figure 14: Evolution of the Brent’s price in the last 5 years
USD
Since late 2015, the price of a barrel of Brent oil has been below 100 USD; in mid 2016, the price was slightly above 40 USD. The oil price decline has put pressure on the profitability of offshore operations, which are more expensive than onshore operations.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Offshore energy
DatePrice in
USDDate
Price in USD
DatePrice in
USDDate
Price in USD
DatePrice in
USD
05-10 74.65 08-11 114.85 11-12 111.23 02-14 109.07 05-15 65.56
06-10 75.01 09-11 102.76 12-12 111.11 03-14 107.76 06-15 63.59
07-10 78.18 10-11 109.56 01-13 115.55 04-14 108.07 07-15 52.21
08-10 74.64 11-11 110.52 02-13 111.38 05-14 109.41 08-15 50.05
09-10 82.31 12-11 107.38 03-13 110.02 06-14 112.36 09-15 48.37
10-10 83.15 01-12 110.98 04-13 102.37 07-14 106.02 10-15 49.56
11-10 85.92 02-12 122.66 05-13 100.39 08-14 103.19 11-15 44.86
12-10 94.75 03-12 122.88 06-13 102.16 09-14 94.67 12-15 37.89
01-11 101.01 04-12 119.47 07-13 107.7 10-14 85.86 01-16 34.74
02-11 111.8 05-12 101.87 08-13 114.01 11-14 70.15 02-16 35.10
03-11 117.36 06-12 97.8 09-13 108.37 12-14 57.33 03-16 40.44
04-11 125.89 07-12 104.92 10-13 108.84 01-15 52.99 04-16 48.13
05-11 116.73 08-12 114.57 11-13 109.69 02-15 62.58 05-16 49.32
06-11 112.48 09-12 112.39 12-13 110.8 03-15 55.11 06-16 49.68
07-11 116.74 10-12 108.7 01-14 106.4 04-15 66.78 07-16 42.46
Source: BloombergNote: The price corresponds to the last working day of the month.
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Offshore energy
69
Table 33: Offshore Oil & Gas Production (Million bbl)
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Source: FLAD and Rystad Energy Ranking included in the economy of the sea map.
In 2015 the top 3 countries in offshore oil and gas production were Saudi Arabia, Norway and Qatar.
Country 2010 2011 2012 2013 2014 2015
Saudi Arabia 1,170.5 1,179.1 1,195.4 1,309.3 1 349.0 1,572.0
Norway 1,449.7 1,379.7 1,417.4 1,353.7 1 375.7 1,447.6
Qatar 1,225.3 1,411.4 1,446.1 1,441.5 1 429.2 1,411.8
Iran 848.7 893.4 896.2 918.5 979.3 1,171.3
Brazil 751.1 766.8 775.6 780.9 849.2 928.0
Mexico 922.8 906.9 905.5 906.8 895.7 852.5
USA 1,040.2 858.0 782.0 761.4 756.9 822.4
Nigeria 753.3 743.8 755.4 692.3 720.5 722.2
United Arab Emirates 568.3 606.8 632.1 629.8 655.2 688.8
Angola 695.0 655.5 699.6 678.2 670.2 687.9
United Kingdom 837.4 692.0 593.5 539.6 538.9 608.5
Malaysia 592.1 542.9 528.6 532.4 526.5 551.0
Australia 441.5 403.1 415.1 415.6 441.8 428.2
China 375.3 358.0 343.4 352.7 373.8 414.1
Azerbaijan 477.8 454.4 443.5 431.8 412.7 410.8
Indonesia 446.4 412.2 395.2 383.7 386.9 361.7
India 414.4 376.4 348.6 294.6 305.9 319.1
Venezuela 337.3 309.3 298.2 282.0 264.7 265.4
Russia 197.4 211.2 214.9 218.3 228.7 255.9
Egypt 373.6 372.3 368.7 335.2 278.2 254.9
Trinidad and Tobago 275.1 259.5 260.7 274.3 268.4 252.0
Thailand 236.4 229.8 272.6 262.3 260.2 250.7
Vietnam 172.0 167.8 191.8 188.5 184.9 195.5
Equatorial Guinea 170.5 162.0 175.3 167.6 162.0 151.6
Myanmar 74.9 75.7 75.3 76.8 91.0 115.6
Other countries 1,497.6 1,444.2 1,440.9 1,442.2 1,363.8 1,221.3
Total 16,344.6 15,872.0 15,871.7 15,670.0 15,769.6 16,361.0
Offshore energy
Table 34: Global cumulative offshore wind capacity in 2015
70
Source: Global Wind Report Market update 2015
Ranking included in the economy of the sea map.
Offshore wind power capacity in the world is led by three European countries (UK, Germany and Denmark), representing 79.6% of total installed capacity in the world. Fourth, China represents 8.4% of capacity.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Total 2011 Total 2012 Total 2013 Total 2014 Total 2015 Share of the total(MW)
UK 2,094 2,948 3,681 4,500 5,067 41.9%
Germany 200 280 520 1,012 3,295 27.2%
Denmark 874 921 1,271 1,271 1,271 10.5%
PR China 263 390 429 654 1,015 8.4%
Belgium 195 380 572 712 712 5.8%
Netherlands 247 247 247 247 427 3.5%
Sweden 164 164 212 212 202 1.7%
Japan 25 25 50 50 53 0.4%
Finland 26 26 26 26 26 0.2%
Ireland 25 25 25 25 25 0.2%
South Korea 2 5 5 5 5 0.04%
Spain - - 5 5 5 0.04%
Norway 2 2 2 2 2 0.01%
Portugal 2 2 2 2 2 0.01%
USA - - 0 0 0 0%
Total 4,119 5,415 7,046 8,724 12,107 100.0%
0
1,000
2,000
3,000
4,000
5,000
6,000
CumulativeCapacity 2013
CumulativeCapacity 2014
CumulativeCapacity 2015
MW
4,1195,415
7,046
8,724
12,107
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
2011 2012 2013 2014 2015
Figure 15: Global cumulative offshore wind capacity in 2015
Figure 16: Annual cumulative capacity (2011-2015)
MW
Offshore energy
Figure 17: Distribution of tidal companies in the world (2014)
Source: 2014 JRC Ocean Energy Status Report
71
Non-EU49%
EU51%
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
72CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Naval security power, piracy and maritime disasters (oil spills)
73CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Naval security power, piracy and maritime disasters (oil spills)
74
Table 35: Total Naval Ship Power by Countries. 2016 (Sum of the number Aircraft Carriers, Frigates,Destroyers, Corvettes and Submarines)
Ranking included in the economy of the sea map.
In 2016, the country with the biggest number of heavy naval equipments (aircraft carriers, frigates, destroyers, corvettes and submarines) is China with 175 , followed by the US with 162, Russia is the third with 161 large naval craft.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Source: Global Firepower – September 2016
Top 25Total
(Aircraft Carriers + Frigates + Destroyers + Corvettes + Submarines)
Year 2016 2015
1 China 175 163
2 USA 162 164
3 Russia 161 146
4 North Korea 75 76
5 India 66 66
6 Japan 63 61
7 Republic of Korea 57 55
8 Iran 42 41
9 Turkey 37 37
10 France 36 35
11 Italy 30 31
12 UK 30 30
13 Taiwan 29 30
14 Greece 24 25
15 Vietnam 23 19
16 Australia 22 19
17 Egypt 21 19
18 Germany 20 20
19 Algeria 20 13
20 Brazil 19 21
21 Peru 19 19
22 Indonesia 18 34
23 Singapore 18 18
24 Canada 17 17
25 Argentina 16 16
Table 36: Locations of actual and attempted attacks (2010-2015)
75
Ranking included in the economy of the sea map.
In 2015, Indonesia is the country with greatest incidence of pirate attacks.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Source: ICC International Maritime Bureau - Piracy and Armed Robbery Against ShipsAll Incidents with “a” above are attributed to Somali pirates
Locations 2010 2011 2012 2013 2014 2015 Total
South East Asia
Indonesia 40 46 81 106 100 108 481
Malaysia 18 16 12 9 24 13 92
Singapore Straits 3 11 6 9 8 9 46
Other Asia 9 7 5 4 9 17 51
Far East
South China Sea 31 13 2 4 1 0 51
Vietnam 12 8 4 9 7 27 67
Other Far East 1 2 1 0 0 4 8
Indian Sub ContinentBangladesh 23 10 11 12 21 11 88
India 5 6 8 14 13 13 59
South America
Brazil 9 3 1 1 1 0 15
Colombia 3 4 5 7 2 5 26
Ecuador 3 6 4 3 0 0 16
Guyana 2 1 0 2 1 0 6
Haiti 5 2 2 0 0 2 11
Peru 10 2 3 4 0 0 19
Venezuela 7 4 0 0 1 1 13
Other South America 1 3 2 1 0 0 7
Africa
Benin 0 20 2 0 0 0 22
Egypt 2 3 7 7 0 1 20
Guinea 6 5 3 1 0 3 18
Gulf of Adena 53 37 13 6 4 0 113
Ivory Coast 4 1 5 4 3 1 18
Nigeria 19 10 27 31 18 14 119
Red Seaa 25 39 13 2 4 0 83
Somaliaa 139 160 49 7 3 0 358
Togo 0 6 15 7 2 0 30
The Congo 1 3 4 3 7 5 23
Other Africa 10 9 12 11 14 11 67
Rest of the World 4 2 0 0 2 1 9
Total 445 439 297 264 245 246 1,936
Naval security power, piracy and maritime disasters (oil spills)
Table 37: Comparisons of the type of attacks (2010 – 2015)
76
Table 38: Types of violence to crew (2010 – 2015)
Between 2010 and 2015, there was a downward trend of pirate attacks at sea.
Of the 1936 attacks recorded between 2010 and 2015, only 344 did not have more serious consequences. In 1.134 cases, the pirates managed to board ships. In 174 of the attacks. there were abductions of people.
Between 2010 and 2015, except 2014, there was a reduction in the level of violence of attacks on ships' crews.
Between 2010 and 2015, about 4.000 people were subjected to maritime piracy attacks, more than 3.500 were taken hostage and 28 were killed.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Source: ICC International Maritime Bureau - Piracy and Armed Robbery Against Ships
Category 2010 2011 2012 2013 2014 2015 Total
Attempted 89 105 67 28 28 27 344
Boarded 196 176 174 202 183 203 1.134
Fired upon 107 113 28 22 13 1 284
Hijack 53 45 28 12 21 15 174
Total 445 439 297 264 245 246 1,936
Types of Violence 2010 2011 2012 2013 2014 2015 Total
Assaulted 6 6 4 0 1 14 31
Hostage 1,174 802 585 304 442 271 3,578
Injured 37 42 28 21 13 14 155
Kidnap/Ransom 27 10 26 36 9 19 127
Killed 8 8 6 1 4 1 28
Missing 0 0 0 1 1 0 2
Threatened 18 27 13 10 9 14 91
Total 1,270 895 662 373 479 333 4,012
Source: ICC International Maritime Bureau - Piracy and Armed Robbery Against Ships
Naval security power, piracy and maritime disasters (oil spills)
Table 39: Types of vessels attacked (2010-2015)
77
Table 40: Nationalities of ships attacked (2010-2015)
In 2015,the types of ships that were the target of pirate attacks were transport ships of bulk products and chemicals.
Of the 246 ships attacked in 2015, 4o were sailing under the flag of The Marshall Islands, 38 of Panama and 32 of Singapore.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Source: ICC International Maritime Bureau - Piracy and Armed Robbery Against Ships
Type 2010 2011 2012 2013 2014 2015 Total
Bulk Carrier 80 100 66 53 55 86 440
Container 74 62 39 30 20 30 255
General Cargo 63 35 15 17 14 15 159
Tanker Chem / Product
96 100 76 82 86 62 502
Tanker Crude Oil 43 61 32 39 24 20 219
Trawler/Fishing 19 11 5 2 3 2 42
Tug 20 32 23 18 7 10 110
Other 50 38 41 23 36 21 209
Total at year end 445 439 297 264 245 246 1,936
Source: ICC International Maritime Bureau - Piracy and Armed Robbery Against Ships
Flag State 2010 2011 2012 2013 2014 2015 Total
Antigua Barbuda 24 16 5 7 5 9 66
Bahamas 10 11 16 7 4 5 53
Hong Kong (SAR) 18 21 17 20 16 19 111
Liberia 57 57 45 43 20 28 250
Malaysia 14 14 12 10 9 12 71
Malta 19 25 8 8 6 11 77
Marshall Islands 36 45 21 31 36 40 209
Panama 82 71 49 32 44 38 316
Singapore 40 32 43 39 32 32 218
Other 145 147 81 67 73 52 565
Total year end 445 439 297 264 245 246 1,936
Naval security power, piracy and maritime disasters (oil spills)
78
Table 41: Location of major shipping oil spills (Since 1967)
Table 42: Other relevant offshore spills
Accidents involving oil spills have been occurring over time, all over the world.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Top 20Shipname
Year LocationSpill size
(thousandtonnes)
1 Atlantic Empress 1979 Off Tobago. West Indies 287
2 ABT Summer 1991 700 nautical miles off Angola 260
3 Castillo de Bellver 1983 Off Saldanha Bay. South Africa 252
4 Amoco Cadiz 1978 Off Brittany. France 223
5 Haven 1991 Genoa. Italy 144
6 Odyssey 1988 700 nautical miles off Nova Scotia. Canada 132
7 Torrey Canyon 1967 Scilly Isles. UK 119
8 Sea Star 1972 Gulf of Oman 115
9 Irenes Serenidade 1980 Navarino Bay. Greece 100
10 Urquiola 1976 La Coruna. Spain 100
11 Hawaiian Patriot 1977 300 nautical miles off Honolulu 95
12 Independenta 1979 Bosphorus. Turkey 94
13 Jakob Maersk 1975 Oporto. Portugal 88
14 Braer 1993 Shetland Islands. UK 85
15 Aegean Sea 1992 La Coruna. Spain 74
16 Sea Empress 1996 Milford Haven. UK 72
17 Khark 5 1989120 nautical miles off Atlantic coast of
Morocco70
18 Nova 1985 Off Kharg Island. Gulf of Iran 70
19 Katina P 1992 Off Maputo. Mozambique 67
20 Prestige 2002 Off Galicia. Spain 63
Source: ITOPF – Oil Tanker Spill Statistics 2015
Description Year Location
1 Deepwater Horizon 2010 Mexican Gulf
2 Ixtoc 1 Oil Well 1979 Bay of Campeche. Mexico
3 Nowruz Oil Field 1983 Persian Gulf
Source: The Telegraph
Naval security power, piracy and maritime disasters (oil spills)
79CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
80CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
81CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
Table 43: World fisheries and aquaculture production and utilization
Note:Data in this section for 2014 are provisional estimates.Source: FAO - The State of the World Fisheries and Aquaculture in 2016
1
1
82
Figure 18: Total Capture. Total Aquaculture and Total World fisheries in million tonnes
Between 2004 and 2014, as the world population has grown, there has been an increase in the consumption of fish and other food products per capita. In 2004, per capita consumption was 16.2 kg, rising to a per capita consumption of 20.1 kg in 2014. This increase in per capita consumption was met by increased production in aquaculture. In 2004, production in onshore and offshore aquaculture reached about 27.8 and 18.1 million tons, respectively, rising to 47.1 and 26.7 million tons in 2014. Fish catches at sea continue to represent the largest contribution to the supply of fish. but have not grown in recent years.
1
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
(Million tonnes)
Production
Inland
Capture 8.9 9.7 10.1 10.1 10.3 10.5 11.3 11.1 11.6 11.7 11.9
Aquaculture 27.8 29.6 31.6 29.9 32.4 34.3 36.9 38.6 42.0 44.8 47.1
Total inland 36.7 39.3 41.7 40.0 42.7 44.8 48.1 49.7 53.6 56.5 59.0
Marine
Capture 85.7 84.5 81.9 80.7 79.9 79.7 77.9 82.6 79.7 81.0 81.5
Aquaculture 18.1 18.9 20.1 20.0 20.5 21.4 22.2 23.2 24.4 25.5 26.7
Total marine 103.8 103.4 102.0 100.7 100.4 101.1 100.0 105.8 104.1 106.5 108.2
Total capture 94.6 94.2 92.0 90.8 90.1 90.2 89.1 93.7 91.3 92.7 93.4
Total aquaculture1 45.9 48.5 51.7 49.9 52.9 55.7 59.0 61.8 66.5 70.3 73.8
TOTAL WORLD FISHERIES
140.5 142.7 143.6 140.7 143.1 145.9 148.1 155.5 157.8 162.9 167.2
UTILIZATION1
Human consumption 104.5 107.1 110.4 117.3 120.9 123.8 128.1 130.8 136.9 141.5 146.3
Non-food uses 36.0 35.6 33.3 23.4 22.2 22.0 20.0 24.7 20.9 21.4 20.9
Population (billions) 6.4 6.5 6.6 6.7 6.8 6.8 6.9 7.0 7.1 7.2 7.3
Per capita food fish supply(kg)
16.2 16.4 16.7 17.6 17.9 18.1 18.5 18.6 19.3 19.7 20.1
0
20
40
60
80
100
120
140
160
180
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Total Capture
Total Aquaculture
Total World Fisheries
Table 44: Marine capture fisheries: major producer countries
83
Figure 19: Marine capture fisheries: major producer countries
Source: FAO - The State of the World Fisheries and Aquaculture in 2016
Mil
lio
n t
on
ne
s
Ranking included in the economy of the sea map.
The top ten countries in terms of fishing, led by China with 18.2% of the catch, represent about 60% of the total global fishing.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
2014Ranking
Country2003 2011 2012 2013 2014
Weight2014
Variation2003/2014
(Million tonnes) (Percentage) (Percentage)
1 China 12.2 13.5 13.9 13.9 14.8 18.2% 21.3%
2 Indonesia 4.3 5.3 5.4 5.6 6.0 7.4% 39.5%
3 USA 4.9 5.1 5.1 5.1 5.0 6.1% 2.0%
4 Russian Federation 3.1 4.0 4.1 4.1 4.0 4.9% 29.0%
5 Japan 4.6 3.7 3.6 3.6 3.6 4.4% -21.7%
6 Peru 6.1 8.2 4.8 5.8 3.5 4.3% -42.6%
7 India 3.0 3.3 3.4 3.4 3.4 4.2% 13.3%
8 Vietnam 1.6 2.3 2.4 2.6 2.7 3.3% 68.8%
9 Myanmar 1.1 2.2 2.3 2.5 2.7 3.3% 145.5%
10 Norway 2.5 2.3 2.1 2.1 2.3 2.8% -8.0%
11 Chile 3.6 3.1 2.6 1.8 2.1 2.7% -38.9%
12 Philippines 2.0 2.2 2.1 2.1 2.1 2.6% 5.0%
13 Republic of Korea 1.6 1.7 1.7 1.6 1.7 2.1% 6.2%
14 Thailand 2.7 1.6 1.6 1.6 1.6 2.0% -40.7%
15 Malaysia 1.3 1.4 1.5 1.3 1.5 1.8% 15.4%
16 Mexico 1.3 1.5 1.5 1.5 1.4 1.7% 7.7%
17 Morocco 0.9 1.0 1.2 1.2 1.4 1.7% 55.6%
Total 17 major countries 56.8 62.4 59.3 59.8 59.9 73.5% 5.5%
Rest of the world 22.9 20.2 20.4 21.2 21.6 23.5% -5.7%
World total 79.7 82.6 79.7 81.0 81.5 100.0% 2.3%
Share 17 major countries (%) 71.3 75.5 74.4 73.8 73.5
0
2
4
6
8
10
12
14
16
2003
2012
2013
2014
Table 45: Marine capture: major fishing areas
84
Source: FAO - The State of the World Fisheries and Aquaculture in 2016
Figure 20: Marine capture: major fishing areas
The Pacific Ocean is where most of the fishing takes place, representing about 58% of the total.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
Fishing area name (areacode)
2003 2011 2012 2013 2014Weight
2014Variation
2003/2014
(Million Tonnes) (Percentage) (Percentage)
Atlantic. Northwest (21) 2.3 2.0 2.0 1.9 1.8 2.2% -21.7%
Atlantic. Northeast (27) 10.3 8.0 8.1 8.5 8.7 10.7% -15.5%
Atlantic. Western Central (31) 1.8 1.5 1.5 1.3 1.2 1.5% -33.3%
Atlantic. Eastern Central (34) 3.6 4.3 4.1 4.2 4.4 5.4% 22.2%
Mediterranean and Black Sea (37)
1.5 1.4 1.3 1.2 1.1 1.3% -26.7%
Atlantic. Southwest (41) 2.0 1.8 1.9 2.0 2.4 2.9% 20.0%
Atlantic. Southeast (47) 1.7 1.3 1.6 1.4 1.6 2.0% -5.9%
Indian Ocean. Western (51) 4.4 4.2 4.5 4.6 4.7 5.8% 6.8%
Indian Ocean. Eastern (57) 5.3 7.1 7.4 7.6 8.1 9.9% 52.8%
Pacific. Northwest (61) 19.9 21.4 21.5 21.3 22.0 27.0% 10.6%
Pacific. Northeast (67) 2.9 3.0 2.9 3.2 3.1 3.8% 6.9%
Pacific. Western Central (71) 10.8 11.6 12.1 12.3 12.8 15.7% 18.5%
Pacific. Eastern Central (77) 1.8 1.9 1.9 2.0 1.9 2.3% 5.6%
Pacific. Southwest (81) 0.7 0.6 0.6 0.5 0.5 0.6% -28.6%
Pacific. Southeast (87) 10.6 12.3 8.3 8.5 6.9 8.5% -34.9%
Arctic and Antarctic areas (18.48.58.88)
0.1 0.2 0.2 0.2 0.3 0.4% 200.0%
World total 79.7 82.6 79.7 81.0 81.5 100.0%
0 5 10 15 20 25
Atlantic, Northwest (21)
Atlantic, Northeast (27)
Atlantic, Western Central (31)
Atlantic, Eastern Central (34)
Mediterranean and Black Sea (37)
Atlantic, Southwest (41)
Atlantic, Southeast (47)
Indian Ocean, Western (51)
Indian Ocean, Eastern (57)
Pacific, Northwest (61)
Pacific, Northeast (67)
Pacific, Western Central (71)
Pacific, Eastern Central (77)
Pacific, Southwest (81)
Pacific, Southeast (87)
Arctic and Antarctic areas (18,48,58,88)
2014
2013
2012
2003
Table 46: Marine capture: major species and genera
85
Figure 21: Marine capture: major species and genera
Mil
lio
n t
on
ne
s
The fifteen species most fished represent about 1/3 of all fish caught.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
Note: nei = not elsewhere included.Catches for single species have been added to those reported for the genus.
Source: FAO - The State of the World Fisheries and Aquaculture in 2016
2014Ranking
Scientific nameFAO English
name
2003 2011 2012 2013 2014Weight
2014Variation
2003/2014
(Million Tonnes) (Percentage) (Percentage)
1Theragrachalcogramma
Alaska pollock (= walleye pollock)
2.9 3.2 3.3 3.2 3.2 3.9% 10.3%
2 Engraulis ringensAnchoveta (= Peruvian anchovy)
6.2 8.3 4.7 5.7 3.1 3.8% -50.0%
3KatsuwonusPelamis
Skipjack tuna 2.2 2.6 2.8 3.0 3.1 3.8% 40.9%
4 Sardinella spp. Sardinellas nei 2.1 2.3 2.3 2.3 2.3 2.8% 9.5%
5ScomberJaponicus
Chub mackerel 1.8 1.7 1.6 1.7 1.8 2.2% 0.0%
6 Clupea harengus Atlantic herring 2.0 1.8 1.8 1.8 1.6 1.9% -20.0%
7Thunnus Albacares
Yellowfin tuna 1.5 1.2 1.4 1.3 1.5 1.8% 0.0%
8 Decapterus spp. Scads 1.4 1.4 1.4 1.4 1.5 1.8% 7.1%
9 Scomber scombrus Atlantic mackerel 0.7 0.9 0.9 1.0 1.4 1.7% 100.0%
10Engraulis Japonicus
Japanese anchovy 1.9 1.3 1.3 1.3 1.4 1.7% -26.3%
11 Gadus morhua Atlantic cod 0.8 1.1 1.1 1.4 1.4 1.7% 75.0%
12Trichiurus Lepturus
Largehead hairtail 1.2 1.3 1.2 1.3 1.3 1.6% 8.3%
13Sardina Pilchardus
European pilchard (= sardine)
1.1 1.0 1.0 1.0 1.2 1.5% 9.1%
14 Dosidicus gigas Jumbo flying squid 0.4 0.9 1.0 0.8 1.2 1.5% 200.0%
15Micromesistiuspoutassou
Blue whiting - - - 0.6 1.2 1.5% 100.0%
Total 15 major species and genera 26.2 29.0 25.8 27.8 27.2 33.3% 3.8%
Rest of the world 53.5 53.6 53.9 53.2 54.4 66.7% 1.7%
World total 79.7 82.6 79.7 81.0 81.6 100.0% 2.4%
Share 15 major species and genera (%) 32.9 35.1 32.4 34.3 33.3
0
2
4
6
8
2003
2012
2013
2014
Table 47: Inland waters capture: major producer countries
86
Figure 22: Inland waters capture: major producer countries in 2014 (in percentage of the total)
Worldwide, the inland freshwater fish catch is also led by China.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
2014 Rankin
gCountry
2003 2011 2012 2013 2014Weight
2014Variation
2003/2014
(Million Tonnes)(Percentag
e)(Percentage
)
1 China 2.1 2.2 2.3 2.3 2.3 19.3% 9.5%
2 Myanmar 0.3 1.2 1.2 1.3 1.4 11.8% 366.7%
3 India 0.8 1.1 1.5 1.2 1.3 10.9% 62.5%
4 Bangladesh 0.7 1.1 1.0 1.0 1.0 8.4% 42.9%
5 Cambodia 0.3 0.4 0.4 0.5 0.5 4.2% 66.7%
6 Uganda 0.2 0.4 0.4 0.4 0.5 4.2% 150.0%
7 Indonesia 0.3 0.4 0.4 0.4 0.4 3.4% 33.3%
8 Nigeria 0.2 0.3 0.3 0.3 0.4 3.4% 100.0%
9United Republic of Tanzania
0.3 0.3 0.3 0.3 0.3 2.5% 0.0%
10 Egypt 0.3 0.3 0.2 0.3 0.2 1.7% -33.3%
Total 10 major countries 5.5 7.7 8.0 8.0 8.3 69.7% 50.9%
Rest of the world 3.1 3.4 3.6 3.7 3.6 30.3% 16.1%
World total 8.6 11.1 11.6 11.7 11.9 100.0% 38.4%
Share 10 major countries (%) 64.0% 69.4% 69.0% 68.4% 69.7%
Source: FAO - The State of the World Fisheries and Aquaculture in 2016
China
Myanmar
India
Bangladesh
Cambodia
Uganda
Indonesia
Nigeria
United Republic of Tanzania
Egypt
Table 48: Aquaculture production by region: quantity of world total production
87
Figure 23: Aquaculture production by region: quantity of world total production (in million tonnes), 2000, 2012 and 2014
Figure 24: Aquaculture production by region: quantity of world total production (weight in percentage), 2014
In 2014, 88.91% of world aquaculture was in Asia, and was responsible for the significant growth of aquaculture globally.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
Selected groups and countries
2000 2010 2012 2014Weight
2012Weight
2014Variation
2000/2014
(Million Tonnes) (Percentage) (Percentage)
Africa 0.400 1.286 1.484 1.711 2.2% 2.3% 328%
North Africa (excluding Egypt)
0.005 0.010 0.014 0.017 0.0% 0.0%240%
Sub-Saharan Africa (excluding Nigeria)
0.029 0.156 0.199 0.244 0.3% 0.3%741%
Americas 1.423 2.514 2.988 3.352 4.5% 4.5% 136%
Caribbean 0.040 0.037 0.029 0.033 0.0% 0.1% -17.5%
Latin America (excluding Chile)
0.408 1.117 1.285 1.544 1.9% 2.1%278%
North America 0.585 0.659 0.604 0.560 0.9% 0.8% -4%
Asia 28.423 52.439 58.955 65.602 88.7% 88.9% 131%
China 21.522 36.734 41.108 45.469 61.9% 61.6% 111%
Central Asia 0.007 0.008 0.016 0.026 0.0% 0.0% 271%
Eastern Asia (excluding China)
1.372 1.573 1.533 1.545 2.3% 2.1%13%
Europe 2.051 2.544 2.852 2.930 4.3% 4.0% 43%
Northern Europe (excluding Norway)
0.309 0.364 0.391 0.403 0.6% 0.6%30%
Southern Europe 0.641 0.574 0.579 0.595 0.9% 0.8% -7%
Oceania 0.122 0.190 0.186 0.189 0.3% 0.3% 55%
World 32.418 58.973 66.466 73.784 100.0% 100.0% 128%
Notes: Data exclude aquatic plants and non-food products. Data for 2014 for some countries are provisional and subject to revisions. For the purpose of this table. Cyprus. classified as part of Asia by FAO. is included under Europe as one of the 28 members of European Union (Member Organization).Source: FAO - The State of the World Fisheries and Aquaculture in 2016
0
10,000
20,000
30,000
40,000
50,000
60,000
70,000
Africa Americas Asia Europe Oceania
2000
2012
2014
Africa
Americas
Asia
Europe
Oceania
Table 49: Farmed food fish production by top 15 producers and main groups of farmed species in 2014
88
Figure 25: Farmed food fish production share of the top 15 producers in 2014 (in percentage of the total)
Ranking included in the economy of the sea map.
Onshore aquaculture is the main contributor to the growth of aquaculture and China represents 61.7% of global aquaculture production.
a
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
Finfish
Other speciesª National totalShare in
world totalProducerInland
AquacultureMariculture
(Million Tonnes) (Million Tonnes) (Percentage)
China 26.03 1.2 18.3 45.5 61.7%
India 4.4 0.1 0.4 4.9 6.6%
Indonesia 2.9 0.8 0.6 4.3 5.8%
Vietnam 2.5 0.2 0.7 3.3 4.6%
Bangladesh 1.73 0.1 0.1 2.0 2.7%
Norway 0.0 1.3 - 1.3 1.8%
Chile 0.1 0.9 0.2 1.2 1.6%
Egypt 1.1 - - 1.1 1.5%
Myanmar 0.9 0.0 - 1.0 1.4%
Thailand 0.4 0.02 0.5 0.9 1.2%
Philippines 0.3 0.4 0.1 0.8 1.1%
Japan 0.0 0.2 0.5 0.7 0.9%
Brazil 0.5 - 0.09 0.6 0.8%
Republic of Korea 0.0 0.08 0.4 0.5 0.7%
Malaysia 0.1 0.06 0.1 0.3 0.4%
Top 15 subtotal 41.01 5.34 22.05 68.50 92.8%
Rest of the world 2.59 0.96 1.89 5.28 7.16%
World 43.60 6.30 23.90 73.78 100.0%
Note: The symbol “…” means the production data are not available or the production volume is regarded as negligibly low.a Other species includes crustaceans. molluscs and other species.Source: FAO - The State of the World Fisheries and Aquaculture in 2016
ChinaIndiaIndonesiaVietnamBangladeshNorwayChileEgyptMyanmarThailandPhilippinesJapanBrazilRepublic of KoreaMalaysiaRest of the world
Table 50: Aquaculture production of farmed aquatic plants in the world and selected major producers
89
Figure 26: Aquaculture production of farmed aquatic plants in the world per country (in million tonnes). 2000 and 2014
Figure 27: Aquaculture production of farmed aquatic plants in the world and selected major producers (Weight in percentage). 2014
Asia is responsible for the production of more than 90% of aquaculture algae.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
2000 2010 2012 2014Weight
2014Variation
2000/2014
(Million Tonnes) (Percentage) (Percentage)
China 6.94 11.09 12.83 13.3 48.7% 91.6%
Indonesia 0.21 3.92 6.51 10.07 36.9% 4695%
Philippines 0.71 1.80 1.75 1.5 5.5% 111.3%
Republic of Korea 0.37 0.90 1.02 1.09 4.0% 195%
Japan 0.53 0.43 0.44 0.4 1.5% -24.5%
Malaysia 0.02 0.21 0.33 0.2 0.73% 900%
Subtotal 8.78 18.35 22.88 26.56 97.3% 202.5%
Rest of the world 0.53 0.66 0.9 0.74 2.71% 39.6%
World 9.31 19.01 23.78 27.30 100.0% 193.2%
Notes: The Democratic People’s Republic of Korea and Vietnam are among the major producers of farmed seaweeds. They are not listed separately in this table due to the unavailability of reliable statistics data. Instead. they are included in “Rest of world”.... = data not available.Source: FAO - The State of the World Fisheries and Aquaculture in 2016
0
2
4
6
8
10
12
14
2000
2012
2014
China
Indonesia
Philippines
Republic of Korea
Japan
Malaysia
Rest of the world
Table 51: World fishers and fish farmers by region
90
Figure 28: World fishers and fish farmers by region
In 2014, Asian fishermen and aquaculture producers represented 84% of employment in this sector. In addition to the growth registered in Asia (20.4%) between 2000 and 2014, there was growth in Africa (35.9%), in Latin America (37.8%) and a decrease in Europe (-47%).
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
2000 2010 2012 2014Weight
2014Variation
2000/2014
(Thousands) (Percentage) (Percentage)
Africa 4,175 5,027 5,885 5,674 10.0% 35.9%
Asia 39,646 49,345 49,040 47,730 84.3% 20.4%
Europe 779 662 647 413 0.7% -47.0%
Latin America and the Caribbean
1,774 2,185 2,251 2,444 4.3% 37.8%
North America 346 324 323 325 0.6% -6.1%
Oceania 126 124 127 46 0.1% -63.5%
World 46,845 57,667 58,272 56,632 100.0% 20.9%
Of which. fish farmers
Africa 91 231 298 284 1.5% 212%
Asia 12,211 17,915 18,175 18,032 96.2% 47.7%
Europe 103 102 103 66 0.4% -35.9%
Latin America and the Caribbean
214 248 269 356 1.9% 66.4%
North America 6 9 9 9 0.0% 50.0%
Oceania 5 5 6 6 0.0% 20.0%
World 12,632 18,512 18,861 18,753 100.0% 48.5%
Notes: Some statistics provided to FAO by national offices. in particular those for 2011–2012. are provisional and may be amended in future editions. and in other FAO publications. Source: FAO - The State of the World Fisheries and Aquaculture in 2016
Africa
Asia
Europe
Latin America andthe Caribbean
North America
Oceania
Figure 29: Distribution of motorized fishing vessels by region in 2014
91
In 2014, 80% of motorised fishing ships were in Asia.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
Fonte: FAO - The State of the World Fisheries and Aquaculture in 2016
Asia 80%
Latin America and theCaribbean 7%
Africa 6%
Europe 3%
North America 3%
Pacific and Oceania 1%
92
From 1974 to 2013, there has been a significant increase in the pressure on fish stocks, causing overfishing - or at the limit of what is acceptable - of a number of species.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
Figure 30: Global trends in the state of world marine fish stocks. 1974–2013
Source: FAO - The State of the World Fisheries and Aquaculture in 2016
Percentage of stocks assessed
74
0
10
20
40
50
60
70
80
90
100
30
At biologically unsustainable levels Within biologically sustainable levels
Underfished
Fully fished
Overfished
78 82 86 90 94 98 02 06 10 13
Table 52: Top ten exporters and importers of fish and fishery products
93
China is currently the greatest exporter of food products from the sea, while EUA is the most importer country.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
2004 2014 Annual Growth
(US$ millions) (%)
Exporters
China 6,637 20,980 12.2%
Norway 4,132 10,803 10.1%
Thailand 4,060 6,565 4.9%
Vietnam 2,444 8,029 12.6%
USA 3,851 6,144 4.8%
Chile 2,501 5,854 8.9%
Canada 3,487 4,503 2.6%
Denmark 3,566 4,765 2.9%
India 1,409 5,604 14.8%
Netherlands 2,452 4,555 6.4%
Top ten subtotal 34,539 77,801 8.5%
Rest of the World total 37,330 70,346 6.5%
World total 71,869 148,147 7.5%
Importers
USA 11,964 20,317 5.4%
Japan 14,560 14,844 0.2%
China 3,126 8,501 10.5%
Spain 5,222 7,051 3.0%
France 4,176 6,670 4.8%
Germany 2,805 6,205 8.3%
Italy 3,904 6,166 4.7%
Sweden 1,301 4,783 13.9%
UK 2,812 4,638 5.1%
Republic of Korea 2,250 4,271 6.6%
Top ten subtotal 52,119 83,447 4.8%
Rest of the world total 23,583 57,169 9.3%
World total 75,702 140,616 6.4%
Source: FAO - The State of the World Fisheries and Aquaculture in 2016
94
Africa and Latin America are the regions of the world with the lowest per capita consumption of fish and other sea products.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Fishing and aquaculture
Table 53: Per capita food fish supply by continent and economic grouping in 2010 and 2013
Per capita sea food supply
(2010)
Per capita sea food supply
(2013)
(kg/year) (kg/year)
World 18.9 19.7
World (excluding China) 15.4 15.3
Africa 9.7 9.8
North America 21.8 21.4
Latin America and the Caribbean 9.7 9.4
Asia 21.6 23.0
Europe 22.0 22.2
Oceania 25.4 24.8
Industrialized countries 27.4 26.8
Other developed countries 13.5 13.9
Least-developed countries 11.5 12.4
Other developing countries 18.9 20.0
LIFDCs - Low-income food-deficit countries.
10.9 7.6
Source: FAO - The State of the World Fisheries and Aquaculture in 2016
Figura 31: Relative contribution of aquaculture and capture fisheries to fish for human consumption
95Circum-navegaçãoLEME – Barómetro PwC da Economia do Mar (Mundo)
0
2
4
6
8
10
12
1954 1964 1974 1984 1994 2004 2014
Fis
h f
or
hu
ma
n c
om
sum
pti
on
(KG
/Ca
pit
a)
Capture fisheries Aquaculture
Source: FAO - The State of the World Fisheries and Aquaculture in 2016
Since 1970, aquaculture has increased its relative importance in the supply of food from the sea, reaching a similar weight to the fisheries.
Fishing and aquaculture
96CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
97CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
Figure 32: Revenue of the cruise industry worldwide from 2008 to 2015 (in billion U.S. dollars)
98
Source: Cruise industry - Statista Dossiera Forecast
Gross revenue associated with the cruise ship activity has been increasing.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
27.56
24.93
26.85
29.40
34.5436.27
37.10
39.60
0
5
10
15
20
25
30
35
40
45
2008 2009 2010 2011 2012 2013 2014 2015
Re
ve
nu
e i
n b
illi
on
U.S
. d
oll
ar
s
a
Figure 33: Market size of the global cruise industry in 2014, by region (in billion U.S. dollars)
21.21
11.59
1.80
1.27
1.13
0.07
0 5 10 15 20 25
North America
Europe
Asia
South America
Australia and New Zealand
Middle East and Africa
Market size in billion U.S. dollars
Source: Cruise industry - Statista Dossier
99
North America and Europe are the most important markets for cruise ships.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
Figure 34: Global cruise industry deployment market share in 2016, by region
100
Source: Cruise industry - Statista Dossier
Ranking included in the economy of the sea map.
The Caribbean still holds the largest market share in the business of cruise ships, closely followed by the Mediterranean and the rest of Europe.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
33.7%
18.7%
11.7%
9.2%
6.1%4.1%
2.7%
13.8%
0%
5%
10%
15%
20%
25%
30%
35%
40%
Ma
rk
et
sh
ar
e
Figure 35: Number of cruise passengers worldwide from 2005 to 2015 (in millions)
14.3215.11
15.87 16.29
17.59
19.07
20.49 20.90 21.31
22.04
23.10
0
5
10
15
20
25
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Nu
mb
er
of
pa
sse
ng
er
s i
n m
illi
on
s
Source: Cruise industry - Statista Dossier
101
The number of people participating in cruise travel has increased.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
Figure 36: Leading passenger source countries in the global cruise industry in 2014
51.0%
8.0%
7.3%
4.5%
3.8%
3.6%
3.2%
2.7%
2.0%
0.8%
0% 10% 20% 30% 40% 50% 60%
USA
Germany
United Kingdom
Australia
Italy
Canada
China
France
Spain
Norway
Global passenger share
Source: Cruise industry - Statista Dossier
102
The largest cruise consumers are North Americans, immediately followed by the Germans and the British.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
Figure 37: Passenger capacity of the global cruise industry from 2011 to 2015 (in thousands)
387399
415428
445
0
50
100
150
200
250
300
350
400
450
500
2011 2012 2013 2014 2015
Pa
sse
ng
er
ca
pa
cit
y i
n t
ho
usa
nd
s
103
Source: Cruise industry - Statista Dossier
The cruise industry has been increasing its overall capacity.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment. sports. tourism and culture
Figure 38: Leading cruise line companies headquarters location worldwide in 2014, by revenue (in billion U.S. dollars)
15.88
8.07
3.13
1.65
0.94
0.71
0.71
0.61
0.61
0.53
0 2 4 6 8 10 12 14 16 18
Miami, USA
Miami, USA
Miami, USA
Geneva, CH
Miami, USA
Luton, UK
Kowloon, HK
Tromsø, Norway
Los Angeles, USA
Monaco
Revenue in billion U.S. dollars
a Via Cruise Market Watchb Figure was converted from Norwegian krone to U.S. dollars (exchange rate of 1 krone = 0.17 U.S. dollars was used).Source: Cruise industry - Statista Dossier
104
By the end of 2014, in terms of business volume, the three biggest companies involved in cruise line activity have their headquarters in Miami (USA). The fourth largest company is headquartered in the Switzerland.
a
a
a
a
a
a
a / b
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
Figure 39: Forecast capacity passenger capacity of the cruise industry worldwide in 2015. by cruise line.
Source: Cruise industry - Statista Dossier
105
In 2015, in a comparison of the "accommodation" on cruises, the ranking of the world's largest companies are headquartered in the US, Italy and Switzerland.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
68,478
62,368
40,996
38,546
37,220
30,174
24,320
23,126
0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 80,000
Miami, EUA
Miami, EUA
Los Angeles, EUA
Miami, EUA
Genova, IT
Geneva, CH
Miami, EUA
Seattle, EUA
Capacidade de Passageiros
106
The USA, Australia, New Zealand, Italy, France and the UK are the countries of reference in terms of the recreational boating and marinas business.
According to six 2015 edition of Pleasure Boat International Resource Guide Published by the National USA Marine Manufacturers Association, the USA exports of recreational marine craft and accessories totaled USD 2.1 billion in 2014. The U.S. recreational marine market makes up approximately 75 percent of the entire world market for these products.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Table 54: US Exports Top 20 Markets by FAS Value Recreational Marine Craft. Parts. and Accessories. as defined by the Harmonized Tariff System.
Entertainment, sports, tourism and culture
Source: Pleasure boat International Resource Guide. A Reference for U.S. Exporters. 2016 Edition
Top 20 Markets by FAS Value
(Annual + Year-To-Date Data from January–October. USD Thousands)
Country 2011 2012 2013 2014 2014 YTD 2015 YTD Variation YTD
2014–15
Canada 642,270 694,383 716,112 654,230 385,388 327,208 -15.1%
Mexico 84,623 103,060 104,289 167,775 75,160 91,559 21.8%
Australia 247,447 196,885 197,616 152,448 62,758 53,238 -15.2%
Belgium 92,978 106,304 114,589 107,151 62,150 88,786 42.9%
Spain 41,467 29,664 44,514 74,878 63,508 52,465 -17.4%
Italy 71,652 53,874 53,076 74,791 64,775 57,376 -11.4%
Brazil 72,565 85,103 68,894 56,331 28,392 15,325 -46.0%
Japan 35,273 61,114 51,271 50,009 25,701 31,288 21.7%
United Arab Emirates 29,916 45,819 35,528 48,624 27,034 19,266 -28.7%
Germany 51,268 50,209 43,038 45,556 26,969 22,791 -15.5%
Costa Rica 33,581 42,277 24,122 44,932 4,034 3,267 -19.0%
China 37,133 36,161 40,710 36,435 17,881 23,647 32.2%
Netherlands 57,193 35,943 32,662 33,731 20,338 12,498 -38.5%
France 29,383 26,671 27,200 29,055 18,479 17,809 -3.6%
Colombia 26,038 14,597 20,989 28,692 9,023 13,048 44.6%
United Kingdom 38,709 29,585 21,790 27,387 16,981 15,629 -8.0%
New Zealand 24,163 35,848 31,585 24,577 8,118 8,624 6.2%
Russia 17,985 30,829 25,340 23,275 19,659 7,078 -64.0%
Norway 16,245 15,413 13,701 21,000 13,712 13,015 -5.1%
Korea 11,425 14,191 13,881 19,506 10,155 10,193 0.4%
Subtotal 1,661,314 1,707,930 1,680,908 1,720,381 960,215 884,110 -7.9%
All others 538,192 566,463 486,748 428,093 215,666 208,827 -3.2%
World Total 2,199,506 2,274,393 2,167,656 2,148,475 1,175,881 1,092,937 -7.1%
Entertainment, sports, tourism and culture
107
USA marina industryAccording to the National Maritime Manufacturers Association (NMMA), there are more than 10.000 marinas in the United States of America. In the state of Florida alone there are more than 2.200 marinas, which is a number that is higher than the number of marinas in several other well-known recreational boat countries.Nationwide, the number of berths available in the marina industry is estimated to be over 1.1 million. The marina industry is a sound contributor to the US employment statistics, it is believed that for each 100 berths there are 3 jobs created, which results in a total of 32.000 full-time workers in the whole country.(In marinamanagement – December 2001)
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
108
Table 55: Top countries with five and four gold anchor marinas (2016)
The Yacht Harbour Association is a leading association in the UK and abroad in the marinas business. this association has an accreditation process.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
CountryNumber of five gold
anchor marinas
United Kingdom 49
Turkey 11
Portugal 6
Netherlands 4
United Arab Emirates 4
Belgium 3
Ireland 3
Italy 2
Croatia 2
France 2
Spain 1
Singapore 1
Malta 1
Montenegro 1
Greece 1
Qatar 1
Thailand 1
China 1
Hong Kong 1
Mexico 1
Cyprus 1
US Virgin Islands 1
Malaysia 1
West Indies 1
CountryNumber of four gold
anchor marinas
United Kingdom 26
France 3
Belgium 2
Italy 2
Netherlands 1
Source: Yacht Harbour Association. September 2016a Includes Jersey and Turks and Caicos Islands.
a
Table 56: Top 25 Best Aquarium of the World
109
In the ranking of 5 best aquariums in the world, three aquariums are located in the United States, one in Portugal and one in Spain.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism and culture
Aquarium Location Ranking 2015
Oceanário de Lisboa Lisbon - Portugal 1º
Georgia Aquarium Atlanta – USA 2º
Monterey Bay Aquarium California – USA 3º
Oceanografic Valencia – Spain 4º
Ripley's Aquarium of the Smokies Gatlinburg – USA 5º
Ripley's Aquarium of Canada Toronto – Canada 6º
Aquaworld Aquarium & Reptile Rescue Centre Hersonissos – Greece 7º
Tennessee Aquarium Chattanooga – USA 8º
Okinawa Churaumi Aquarium Motobu-cho – Japan 9º
Vancouver Aquarium Vancouver – Canada 10º
Mundomar Benidorm – Spain 11º
S.E.A. Aquarium Sentosa Island – Singapore 12º
Genoa Aquarium Genoa – Italy 13º
Parque Explora Medellin – Colombia 14º
Mote Marine Laboratory and Aquarium Sarasota – USA 15º
Two Oceans Aquarium Cape Town Central - South Africa 16º
Aquario Vasco da Gama Lisbon – Portugal 17º
Shedd Aquarium Chicago – USA 18º
National Aquarium. Baltimore Baltimore – USA 19º
Dallas World Aquarium Dallas – USA 20º
Aquarium La Rochelle La Rochelle – France 21º
Voronezh Oceanarium Voronezh – Russia 22º
Cretaquarium Thalassocosmos Heraklion – Greece 23º
Dubai Aquarium & Underwater Zoo Dubai - United Arab Emirates 24º
Marine Habitat at Atlantis Paradise Island - Bahamas 25ºSource: TripAdvisor. September 2015
Entertainment, sports, tourism andculture
110
Table 57: Top 15 countries with gold. silver and bronze medals in canoeing (sum of last three Olympic Games)
Europe remains the continent with more medals in canoeing, Germany being the country that leads with 32 medals.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Note: These results include slalom canoeing and sprint canoeingSource: Graphic of self-elaboration based on the portals data of the Olympic Games.
Country MedalsAthens
2004Beijing 2008
London 2012
Rio 2016 Total
Germany
Gold 4 3 3 4
32Silver 4 2 2 2
Bronze 1 3 3 1
Hungary
Gold 3 2 3 3
19Silver 1 1 2 0
Bronze 2 1 1 0
United Kingdom
Gold 0 1 2 2
14Silver 1 1 1 2
Bronze 2 1 1 0
Slovakia
Gold 2 3 0 1
13Silver 1 1 0 2
Bronze 1 0 2 0
Spain
Gold 1 1 0 3
12Silver 1 2 2 0
Bronze 0 0 1 1
Australia
Gold 0 1 1 0
11Silver 2 1 1 0
Bronze 0 3 0 2
Russia
Gold 0 1 1 0
10Silver 1 1 0 0
Bronze 2 1 2 1
France
Gold 2 0 2 1
10Silver 0 1 0 1
Bronze 1 1 0 1
Canada
Gold 1 0 0 0
8Silver 0 1 1 0
Bronze 2 1 2 0
Belarus
Gold 0 2 0 0
8Silver 0 0 2 0
Bronze 1 1 1 1
Ukraine
Gold 0 1 1 1
8Silver 0 0 2 0
Bronze 1 1 0 1
CzechRepublic
Gold 0 0 0 0
7Silver 0 1 1 1
Bronze 1 0 1 2
Italy
Gold 0 0 1 0
5Silver 2 1 0 0
Bronze 0 1 0 0
Poland
Gold 0 0 0 0
5Silver 0 1 0 1
Bronze 1 0 1 1
Norway
Gold 1 0 1 0
4Silver 0 1 0 0
Bronze 1 0 0 0
Table 57: Top 15 countries with gold. silver and bronze medals in canoeing (sum of last four Olympic Games)
Country MedalsAthens
2004Beijing 2008
London 2012
Rio 2016 Total
United Kingdom
Gold 2 4 1 2
19Silver 1 1 4 1
Bronze 2 1 0 0
Australia
Gold 0 2 3 1
11Silver 0 1 1 3
Bronze 0 0 0 0
France
Gold 1 0 0 1
9Silver 0 1 0 0
Bronze 1 2 1 2
Spain
Gold 1 1 2 0
7Silver 2 1 0 0
Bronze 0 0 0 0
Netherlands
Gold 0 0 1 2
7Silver 0 2 1 0
Bronze 0 0 1 0
Denmark
Gold 0 1 0 0
7Silver 0 0 1 0
Bronze 2 0 1 2
New Zealand
Gold 0 1 1 1
7Silver 0 0 1 2
Bronze 0 0 0 1
Brazil
Gold 2 0 0 1
6Silver 0 1 0 0
Bronze 0 1 1 0
USA
Gold 1 1 0 0
5Silver 1 1 0 0
Bronze 0 0 0 1
China
Gold 0 1 1 0
5Silver 1 0 0 1
Bronze 0 1 0 0
Sweden
Gold 0 0 1 0
4Silver 0 0 0 0
Bronze 1 1 1 0
Greece
Gold 1 0 0 0
4Silver 1 0 0 0
Bronze 0 1 0 1
Argentina
Gold 0 0 0 1
4Silver 0 0 0 0
Bronze 1 1 1 0
Croatia
Gold 0 0 0 1
2Silver 0 0 0 1
Bronze 0 0 0 0
Poland
Gold 0 0 0 0
3Silver 0 0 0 0
Bronze 1 0 2 0
111
Table 58: Top 15 countries with gold. silver and bronze medals in sailing (sum of last four Olympic Games)
Ranking included in the economy of the sea map.
In sailing, while European countries, led by the UK. continue well classified, winning 19 medals at the last four Olympic Games, Australia appears in second place in the ranking with 11 medals.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism andculture
Source: Graphic of self-elaboration based on the portals data of the Olympic Games.
112
Table 59: Top 15 countries with gold. silver and bronze medals in rowing (sum of last four Olympic Games)
Source: Graphic of self-elaboration based on the portals data of the Olympic Games
In rowing. the UK leads with 24 medals, followed by Australia (15) and New Zealand and Germany (12 both)
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism andculture
Country MedalsAthens
2004Beijing 2008
London 2012
Rio 2016 Total
United Kingdom
Gold 1 2 4 3
24Silver 2 2 2 2
Bronze 1 2 3 0
Australia
Gold 1 2 0 1
15Silver 1 1 3 2
Bronze 2 0 2 0
New Zealand
Gold 1 1 3 2
12Silver 0 0 0 1
Bronze 0 2 2 0
Germany
Gold 2 0 2 2
12Silver 2 1 1 1
Bronze 0 1 0 0
USA
Gold 1 1 1 1
10Silver 1 1 0 1
Bronze 0 1 2 0
Netherlands
Gold 0 1 0 1
9Silver 1 1 0 1
Bronze 2 0 1 1
Canada
Gold 0 1 0 0
8Silver 1 1 2 1
Bronze 0 2 0 0
Denmark
Gold 1 1 1 0
8Silver 0 0 1 1
Bronze 0 1 1 1
France
Gold 1 0 0 1
7Silver 1 0 1 0
Bronze 0 2 0 1
Italy
Gold 0 0 0 0
7Silver 0 1 1 0
Bronze 3 0 0 2
Romania
Gold 3 1 0 0
6Silver 0 0 0 0
Bronze 0 1 0 1
Poland
Gold 1 1 0 1
6Silver 0 1 0 0
Bronze 0 0 1 1
Czech Republic
Gold 0 0 1 0
5Silver 1 1 1 0
Bronze 0 0 0 1
China
Gold 0 1 0 0
5Silver 0 1 1 0
Bronze 0 0 0 2
Belarus
Gold 0 0 0 0
4Silver 1 0 0 0
Bronze 1 2 0 0
113
Table 60: Top countries with first, second and third places in surf (sum of last three World Surf League championships)
In surfing, Australia and USA have been consistently leading in recent years.
CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Entertainment, sports, tourism andculture
Note: includes men and women leaguesSource: World Surf League
Country Positions 2012 2013 2014 2015 2016 Total
Australia
First 2 1 1 0 1
7Second 1 1 2 1 1
Third 1 2 0 1 0
USA
First 0 1 0 1 1
7Second 1 1 0 1 1
Third 1 0 2 0 1
Brazil
First 0 0 1 1 0
4Second 0 0 0 0 0
Third 0 0 0 1 1
114CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Economy of the sea map
115CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
116CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
118CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
List of Tables, Figures and Acronyms
119CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Tables Page
Table 1: Top 25 Exclusive Economic Zones in (in millions of square kilometers). 2015 26
Table 2: World GDP growth. 2006-2015 (Annual percentage change) 27
Table 3: Growth in the volume of merchandise trade. 2010-2014 (Annual percentage change) 30
Table 4: International seaborne trade. selected years (Millions of tons loaded) 31
Table 5: World seaborne trade in 2006-2014. by type of cargo. country group and region (Millions of tons)
32
Table 6: Major producers and consumers of oil and natural gas. 2014 (Percentage world market share)
33
Table 7: Distribution of global containerized trade by route. 2011-2014 (Millions of TEUs) 35
Table 8: Some major dry bulks and steel: Main producers. users. exporters and importers. 2014 (Percentage world market share)
36
Table 9: World fleet by principal vessel types. 1980-2015 (Beginning-of-year figures. percentage share of dwt)
37
Table 10: Ownership of the world fleet. as of 1 January 2015 (Dwt and No of ships) 38
Table 11: The 20 leading liner companies (headquarters' country). 1 January 2015 (Number of ships and total shipboard capacity deployed. in TEUs. ranked by TEU)
39
Table 12: The 20 flags of registration with the largest registered fleets. as of 1 January 2015 (Dwt) 40
Table 13: Distribution of dwt capacity of vessel types. by country group of registration. January 2015 (Beginning-of-year figures. per cent of dwt)
42
Table 14: Container freight markets and rates 43
Table 15: Growth of demand and supply in container shipping. 2000-2015 (Annual growth rates) 44
Table 16: Top 20 container terminals and their throughput for 2011. 2012. 2013 and 2014 (Million TEUs and percentage change)
46
Table 17: World’s leading ports by productivity. 2014 (container moves per ship. per hour on all vessel sizes and percentage increase)
47
Table 18: Summary of activity in World Shipyards (Thousands of CGT) 50
120CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
List of Tables, Figures and Acronyms
Tables Page
Table 19: Summary of activity in Chinese shipyards (Thousands of CGT) 51
Table 20: Summary of activity in South Korean shipyards (Thousands of CGT) 52
Table 21: Summary of activity of Japanese shipyards (Thousands of CGT) 53
Table 22: Summary of activity of EU28+ Norway shipyards (Thousands of CGT) 54
Table 23: Orderbook by Ship Types - 31/12/2015 55
Table 24: Orderbook by Country - 31/12/2015 56
Table 25: New Orders by Ship types 2015 57
Table 26: New Orders by Country 2015 58
Table 27: Completions by Ship types 2015 59
Table 28: Completions by Countries 2015 60
Table 29: Tonnage reported sold for demolition. major vessel types and countries where demolished. 2014 (Thousands of GT)
62
Table 30: Total onshore and offshore proved reserves of Oil by country 66
Table 31: Total proved reserves of natural gas by country 67
Table 32: Evolution of the Brent's price 68
Table 33: Offshore Oil & Gas Production (Million bbl) 69
Table 34: Global cumulative offshore wind capacity in 2015 70
Table 35: Total Naval Ship Power by Countries. 2015 (Sum of the number Aircraft Carriers. Frigates. Destroyers. Corvettes and Submarines)
74
121CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
List of Tables, Figures and Acronyms
Tables Page
Table 36: Locations of actual and attempted attacks (2010-2014) 75
Table 37: Comparisons of the type of attacks (2010 – 2014) 76
Table 38: Types of violence to crew (2010 – 2014) 76
Table 39: Types of vessels attacked (2010-2014) 77
Table 40: Nationalities of ships attacked (2010-2014) 77
Table 41: Location of major shipping oil spills (Since 1967) 78
Table 42: Other relevant offshore spills 78
Table 43: World fisheries and aquaculture production and utilization 82
Table 44: Marine capture fisheries: major producer countries 83
Table 45: Marine capture: major fishing areas 84
Table 46: Marine capture: major species and genera 85
Table 47: Inland waters capture: major producer countries 86
Table 48: Aquaculture production by region: quantity of world total production 87
Table 49: Farmed food fish production by top 15 producers and main groups of farmed species in 2014
88
Table 50: Aquaculture production of farmed aquatic plants in the world and selected major producers
89
Table 51: World fishers and fish farmers by region 90
Table 52: Top ten exporters and importers of fish and fishery products 93
Table 53: Per capita food fish supply by continent and economic grouping in 2010 and 2013 94
122CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
List of Tables, Figures and Acronyms
Tables Page
Table 54: US Export - Top 20 markets by FAS ValueRecreational Marine Craft. Parts. and Accessories. as defined by the Harmonized Tariff System.
106
Table 55: Top countries with five and four gold anchor marinas (2016) 108
Table 56: Top 25 Best Aquarium of the World 109
Table 57: Top 15 countries with gold. silver and bronze medals in canoeing (sum of last four Olympic Games)
110
Table 58: Top 15 countries with gold. silver and bronze medals in sailing (sum of last four Olympic Games)
111
Table 59: Top 15 countries with gold. silver and bronze medals in rowing (sum of last four Olympic Games)
112
Table 60: Top countries with first. second and third places in surf (sum of last three World Surf League championships)
113
123CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
List of Tables, Figures and Acronyms
Figures Page
Figure 1: International seaborne trade. selected years (Millions of tons loaded) 31
Figure 2: Global containerized trade. 1996-2015 (Millions of TEUs and percentage annual change)
34
Figure 3: Distribution of global containerized trade by route. 2011-2014 (Millions of TEUs) 35
Figure 4: World fleet by principal vessel types. 1980-2015 (Beginning-of-year figures. percentage share of dwt)
37
Figure 5: Top 20 ship owning nations. beneficial ownership. 1 January 2015 (1.000 dwt. by country/economy of ownership)
41
Figure 6: Growth of demand and supply in container shipping. 2000-2015 (Annual growth rates) 44
Figure 7: Baltic Exchange Dry Index. 2012-2016 (16 August 2016) (Index base year 1985 = 1.000 points)
45
Figure 8: Summary of activity in World Shipyards (Thousands of CGT) 50
Figure 9: Summary of activity in Chinese shipyards (Thousands of CGT) 51
Figure 10: Summary of activity in South Korean shipyards (Thousands of CGT) 52
Figure 11: Summary of activity of Japanese shipyards (Thousands of CGT) 53
Figure 12: Summary of activity of EU28+ Norway shipyards (Thousands of CGT) 54
Figure 13: Completions in global shipyards (in CGT) 61
Figure 14: Evolution of the Brent's price in the last 5 years 68
Figure 15: Global cumulative offshore wind capacity in 2015 70
Figure 16: Annual cumulative capacity (2011-2015) 70
Figure 17: Distribution of tidal companies in the world (2014) 71
Figure 18: Total Capture. Total Aquaculture and Total World fisheries in million tonnes 82
124CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
List of Tables, Figures and Acronyms
Figures Page
Figure 19: Marine capture fisheries: major producer countries 83
Figure 20: Marine capture: major fishing areas 84
Figure 21: Marine capture: major species and genera 85
Figure 22: Inland waters capture: major producer countries in 2014 (in percentage of the total) 86
Figure 23: Aquaculture production by region: quantity of world total production (in million tonnes). 2000. 2012 and 2014
87
Figure 24: Aquaculture production by region: quantity of world total production (weight in percentage). 2014
87
Figure 25: Farmed food fish production share of the top 15 producers in 2014 (in percentage of the total)
88
Figure 26: Aquaculture production of farmed aquatic plants in the world per country (in million tonnes). 2000 and 2014
89
Figure 27: Aquaculture production of farmed aquatic plants in the world and selected major producers (Weight in percentage). 2014
89
Figure 28: World fishers and fish farmers by region 90
Figure 29: Distribution of motorized fishing vessels by region in 2014 91
Figure 30: Global trends in the state of world marine fish stocks. 1974-2013 92
Figure 31: Relative contribution of aquaculture and capture fisheries to fish for human consumption
95
Figure 32: Revenue of the cruise industry worldwide from 2008 to 2015 (in billion U.S. dollars) 98
Figure 33: Market size of the global cruise industry in 2014. by region (in billion U.S. dollars) 99
Figure 34: Global cruise industry deployment market share in 2016. by region 100
Figure 35: Number of cruise passengers worldwide from 2005 to 2015 (in millions) 101
Figure 36: Leading passenger source countries in the global cruise industry in 2014 102
125CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
List of Tables, Figures and Acronyms
Figures Page
Figure 37: Passenger capacity of the global cruise industry from 2011 to 2015 (in thousands) 103
Figure 38: Leading cruise line companies headquarters location worldwide in 2014. by revenue (in billion U.S. dollars)
104
Figure 39: Forecast capacity passenger capacity of the cruise industry worldwide in 2015. by cruise line
105
126CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
List of Tables, Figures and Acronyms
127CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
GDP - Gross Domestic Product
EEZ - Exclusive Economic Zones
km - Kilometre
Kg - Kilogram
kbbl/d - Kilobarrel per day
FEU - Forty-foot Equivalent Unit
TEU - Twenty-foot Equivalent Unit
dwt - Deadweight Tonnage
FPSO - Floating Production. Storage and Offloading
BDI - Baltic Exchange Dry Index
GT - Gross Tonnage
CGT - Compensated Gross Tonnage
FAO - Food and Agriculture Organization
LNG - Liquefied Natural Gas
LPG - Liquefied Petroleum Gas
List of Tables, Figures and Acronyms
Acronyms
128CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Contribute to a culture of safety at sea! In leisure or work. follow the safety rules for lives at sea. Go to sea and return safely.
Environmental preservation gives value to thesea!
Contacts
129CircumnavigationHELM – PwC Economy of the Sea Barometer (World)
Miguel MarquesEconomy of the Sea [email protected]
Lisbon
Palácio SottomayorRua Sousa Martins. 1 – 2º1069 – 316 LisboaTel.: 213 599 000Fax: 213 599 999
Oporto
O´Porto Bessa Leite ComplexRua António Bessa Leite. 1430 – 5º4150 – 074 PortoTel.: 225 433 000Fax: 225 433 499
Praia
Edifício BAI Center. Piso 2 DireitoAvenida Cidade de LisboaC.P. 303 Cidade da PraiaRepública de Cabo VerdeTel: (+238) 261 5934Fax: (+238) 261 6028
Luanda
Edifício PresidenteLargo 17 de Setembro n.º 31º andar – Sala 137Luanda – República de AngolaTel: (+244) 227 286 109(+244) 227 286 111Fax: (+244) 222 311 213
© 2016 PricewaterhouseCoopers & Associados - Sociedade de Revisores Oficiais de Contas. Lda. All rights reserved. In this
document. “PwC” refers to PricewaterhouseCoopers & Associados - Sociedade de Revisores Oficiais de Contas. Lda. which is a
member firm of PricewaterhouseCoopers International Limited. each member firm of which is a separate legal entity.