Doc.ID: Revision: Status:© Wärtsilä21/
MARKET TRENDS – SHIP POWER
ROGER HOLM
Day Month Year Presentation name / Author1
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PRODUCTION AND SERVICES GLOBALLY
SERVICES NETWORKPRODUCTION FACILITIES (FULLY OWNED)PRODUCTION FACILITIES (JOINT VENTURES)PRODUCTION FACILITIES (ONGOING FOOTPRINT INITIATIVES)
2 2015 Corporate presentation 2015
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OUR PERSONNEL
17,700 70 200PROFESSIONALS COUNTRIES LOCATIONS
Diesel Engine Portfolio & Application types
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0 5 10 15
38
20
46F
0.8 -1.8 MW
3.0 – 9.3 MW
7.2 -19.2 MW
20
32
• Offshore (PSV, AHTS, Drill rigs)
• Dredgers• Fishing• Tug• AE on Merchants
• Coastal Tankers• IWW• Fishing• Tugs• Barges• Small ferries• AE on Merchants
• Cruise ships• RO-RO/PAX• Ferries• Dredgers
26
2.0 -5.4 MW
4.4 – 11.6 MW
• Offshore (PSV, AHTS, Drill rigs)
• Dredgers• Fishing• Tug• AE on Merchants
• Dredgers• Heavy Lift• Cruise & Ferry• Fishing
Dual Fuel Engine Portfolio & Application types
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0 5 10 15
50DF
20DF
46DF
0.5 -1.8 MW
3,0 – 10,0 MW
6.2 -18.3 MW
5.8- 17.5 MW
20
34DF
• LNG Carriers• Cruise ships• RO-RO/PAX• Ferries• Large Offshore Units
• Small LNG / CNG vessel
• Small cargo vessels• Supply vessel• Offshore application &
Production• Aux. engines with
W50DF
• LNG Feeder• Jack-up• Tugs• Small cargo vessels• Barges• Small ferries• Aux. engines with
W34DF & W50DF
• LNG Carriers• Cruise ships• RO-RO/PAX• Ferries• Large Offshore Units
>1,300 engines >12,000,000 running hours
LNG CarrierMultigas CarrierProduct tankerBulk tankerCNG carrier
Offshore supplyFPSOFSRUPlatformFSO
FerriesTugsROPAXNavyIcebreakerIWWGuide ship
168 vessels8 vessels2 vessels1 vessel1 vessel
FPSOROROChemical tankerFerriesIWW
Chemical tankerContainer vesselLNG Carrier
4 vessels4 vessels3 vessels
Plants 75Output 4877 MW Online since 1997
24 vessels5 vessels4 vessels2 vessels1 vessel
9 vessels6 vessels3 vessels1 vessel1 vessel1 vessel1 vessel
4 vessels2 vessels1 vessel1 vessel1 vessel
732 engines
123 engines
61 engines
28 engines
11 engines
352 engines
Wärtsilä Dual Fuel application references
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0
200
400
600
800
1 000
1 200
1 400
2000 2003 2004 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
LNG Carriers Other vessels
LNG as ship fuel gaining ground
LNG fuelled fleetNumber of vessels
7
Fleet growth based on current order book only
DNV estimate(excluding LNGC)
Clarkson estimate(including LNGC)
Source: DNV GL gas report Sept 2014. LNGC order book data and LNGC estimate: Clarkson Research Services 12.03.2015, LNG Trade and Transport study 2014
*LNGC: LNG Carriers
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The marine industry: fundamentals in place despite a challenging 2014
8
Source: Clarkson Research Services, IMF 26.01.2015
-5%
0%
5%
10%
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
Seaborne trade growth GDP growth
Fundamentals supporting growth in seaborne trade:• Growth in oil products
trade to Asia and OECD countries
• Recovery in global container trade
• Continued consumer demand growth in developing economies
World seaborne trade and GDP development% Yr/Yr
Fleet growth bottoming out:• Slower pace of
deliveries• Removals rate
expected to stay high in the medium-term
Deliveries, removals, and fleet growth# vessels
0500
1 0001 5002 0002 5003 0003 500
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
Deliveries Removals Net fleet growth
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Subdued vessel contracting
Source: Clarkson Research Services, figures exclude late contracting* CGT= gross tonnage compensated with workload
*
*
0
1
2
3
4
5
0
50
100
150
200
250
01.0
903
.09
05.0
907
.09
09.0
911
.09
01.1
003
.10
05.1
007
.10
09.1
011
.10
01.1
103
.11
05.1
107
.11
09.1
111
.11
01.1
203
.12
05.1
207
.12
09.1
211
.12
01.1
303
.13
05.1
307
.13
09.1
311
.13
01.1
403
.14
05.1
407
.14
09.1
411
.14
01.1
503
.15
Mill
ion
CG
T
# of
ves
sels
Merchant Offshore Cruise and Ferry Special vessels 3 months moving average in CGT
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Shipbuilding volume China continues to dominate
Merchant + Specials order book, 4,083 vessels Offshore order book, 965 vessels
Source: Clarksons World Shipyard Monitor March 2015
10
Total order book: 5,048 vessels
46%
22%
19%
1%
10%
China Japan South KoreaBrazil Rest of world
44%
11%6%
5%
5%
5%
23%
China Brazil USNorway South Korea NetherlandsRoW
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Shipbuilding value A more diversified picture
Merchant + Specials order book,USD 204 billion
Offshore order bookUSD 101 billion
Source: Clarksons World Shipyard Monitor March 2015
11
Total order book value: USD 305 billion
33%
24%
20%
5%
3%3%
14%
South Korea Brazil China Norway
US Netherlands RoW
33%
31%
17%
2%
17%
China South Korea JapanBrazil Rest of world
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