Container / German Market
Shipping 2015 and beyond
Jochen Döhle
Peter Döhle Schiffahrts KG
Financial Results for the Liner
Companies
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Only a few liners made money over the last 6 years.
In total the industry lost $9.6 billion
Liner Company
AP Moeller Maersk Line, Kopenhagen
Orient Overseas Container Line, Hong Kong
CMA CGM Group, Marseille
Wan Hai Lines, Taipei
Evergreen Line, Taipei
Nippon Yusen Kaisha, Tokyo
Kawasaki Kisen Kaisha, Tokyo
Yang Ming Marine Transport Corp., Taipei
Mitsui OSK Lines, Tokyo
China Shipping Container Lines, Shanghai
Hapag-Lloyd, Hamburg (without CSAV)
American President Lines, Oakland
Hyundai M.M., Seoul
Zim, Haifa
COSCO Container Lines, Shanghai
Hanjin Shipping, Seoul
Compania Chilena de Navegacion Interoceanica, Santiago
Compania Sudamericana de Vapores, Valparaiso
Total
2014 2013 2012 2011 2010
2009
2.341 1.510
461
-553 2.616 -2.127
179
18
296
182 1.867
-402
583 408
332
-35 1.627 -1.447
129
72
62
1
172
-49
39
-50
4
-101
480
-298
313 456 -663
-218
925
-855
317 172
126
-541
297
-752
14
-99
3
-317
371
-481
500 -1.005 -738
-319
758
-79
170 -421
83
-424
620
-949
-802 -129 -166
-40
566
-942
-260
-76 -419
-478
461
-741
72 -538 -884
-427
466
-627
-201 -535 -433
-397
54
-432
252
38 -1.513 -1.621 1.001 -1.092
-401 -621 -565
-743
323 -1.093
0
9
-79
47
-42
-169 -314 -1.250
171
-656
3.245 -969 -4.319 -7.360 12.822 -13.064
Total
4.248
2.140
1.468
387
74
-42
-381
-509
-883
-921
-1.513
-1.513
-1.938
-1.944
-2.935
-3.100
-65
-2.218
-9.645
Source: PD Research
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This is the efficiency of anti trust action
8.3 bn
-18.0 bn
The Alliance Network
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•
•
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•
In theory the container market is an open
market with independent market
participants.
In practice it is a highly concentrated
market with extremely high barriers to
entry. This will hopefully give the market
the so much needed stability
The current liner network is efficient, but
is the market organization destructive for
open competition ?
Current market organization will increase
the pressure on vendors and tramp owners
For the future the market is subject to
further M&A transactions within the
alliances
Source: PD Research
A closer look on ordering
The German Container Cluster
The IPO Market
The German Fleet