日本海事新聞ニュース Japan Maritime Daily Apr 14, 2025 (Mon)

‌【Current of Japanese shipowners】Some European shipowners return to the SLB and BBC with Japanese owners, away from Chinese lease

　“Some Scandinavian and German shipowners are seeking financing for new ships they are ordering from ・・・ 続きはログインして下さいnext %E3%80%80%E2%80%9CSome+Scandinavian+and+German+shipowners+are+seeking+financing+for+new+ships+they+are+ordering+from+China+on+S%26LB+%28sale+and+lease+back%29+contracts+with+Japanese+shipowners+and+BBC+%28bare+boat+charter%29+contracts+with+Japanese+leasing+companies.%E2%80%9C%3Cbr%3E%E3%80%80It+was+a+late+afternoon+in+Tokyo%2C+just+after+the+cherry+blossoms+had+passed+their+peak.+A+person+involved+in+ship+finance+spoke+about+his+recent+situation+over+a+cup+of+coffee.%3Cbr%3E%E3%80%80The+target+is+ships+ordered+in+lots+from+Chinese+shipyards+with+delivery+dates+in+2026+and+2027.+Pro-China+European+shipowners+have+so+far+concentrated+their+fundraising+efforts+on+major+Chinese+leasing+companies%2C+but+in+light+of+the+tightening+of+U.S.+trade+relations+with+China+by+the+Trump+administration%2C+they+are+beginning+to+turn+their+attention+to+Japan+as+a+hedge+against+risk.%3Cbr%3E%E3%80%80If+they+use+a+Chinese+leasing+company+the+new+ship+will+naturally+be+owned+by+the+Chinese+company.+If+the+currently+hot+topic+of+U.S.+port+entry+fees+for+Chinese-related+ships+are+introduced%2C+there+is+a+risk+that+larger+amounts+will+be+imposed.%3Cbr%3E%E3%80%80%E2%80%9CWe+are+receiving+projects+from+Scandinavian+and+German+shipowners+that+have+never+been+heard+of+before+in+the+Japanese+finance+market.+It%E2%80%99s+a+deal+for+a+large+number+of+ships%2C+so+the+amount+is+large+and+it%E2%80%99s+not+easy+to+deal+with.%E2%80%9C+%28Ship+finance+industry+source%29%3Cbr%3E%E3%80%80For+example%2C+they+have+received+inquiries+about+a+lot+of+six+to+eight+new+ships+ordered+by+a+shipyard+under+China+State+Shipbuilding+Corporation+%28CSSC%29%2C+China%E2%80%99s+largest+state-owned+shipbuilding+company.%3Cbr%3E%E3%80%80%E2%80%9CUntil+now%2C+major+Chinese+leasing+companies+have+been+used+for+such+projects%2C+but+European+shipowners+are+showing+a+desire+not+to+go+%E2%80%99all-China.%E2%80%99%E2%80%9C+%28same+as+above%29%3Cbr%3E%E3%80%80European+shipowners+may+not+be+able+to+change+their+plans+to+build+their+ships+in+China%2C+but+they+would+like+to+at+least+diversify+their+ownership+and+financing+to+Japan.+In+some+cases%2C+Chinese+leasing+companies+have+the+advantage+in+terms+of+financial+competitiveness%2C+but+European+shipowners+appear+to+be+willing+to+give+priority+to+Japan+and+make+certain+concessions.%3Cbr%3E%E3%80%80%E2%96%A0+Option+not+exercised%3Cbr%3E%E3%80%80There+is+also+a+growing+possibility+that+additional+order+options+associated+with+newbuildings+ordered+by+European+shipowners+from+China+will+not+be+exercised.%3Cbr%3E%E3%80%80A+European+shipowner+who+visited+Japan+recently+said+in+a+meeting+with+Japanese+financial+sources%2C+%E2%80%9CThe+shipping+market+is+uncertain+due+to+the+confusion+caused+by+Trump%E2%80%99s+tariffs.+If+we+value+safety%2C+it+would+be+unwise+to+build+new+ships+now%2C+especially+in+China.%E2%80%9C%3Cbr%3E%E3%80%80If+additional+order+options+are+canceled%2C+slipways+at+Chinese+shipyards+from+2026+onwards+will+become+vacant+in+various+places.+One+possible+scenario+is+that+Chinese+shipbuilders+may+launch+an+order+offensive+at+low+prices+to+fill+vacant+slipways.%3Cbr%3E%E3%80%80%E2%80%9CFor+example%2C+if+there+are+no+more+orders+for+container+ships+and+orders+are+instead+concentrated+on+bulkers%2C+there+will+be+concerns+about+oversupply+in+the+dry+bulk+market+from+2026+onwards.+This+could+become+a+time+bomb+that+could+cause+uncertainty+in+the+market.%E2%80%9C+%28Ship+finance+industry+source%29%3Cbr%3E%E3%80%80%E2%96%A0+Aircraft+engine+investment%3Cbr%3E%E3%80%80As+the+shipping+market+becomes+increasingly+unstable%2C+the+new+shipbuilding+price+remains+high%2C+making+it+increasingly+difficult+for+Japanese+ship+owners+to+invest+in+new+ships.%3Cbr%3E%E3%80%80When+calculating+based+on+Handysize+bulkers%2C+there+is+a+gap+of+about+%243%2C000+between+long-term+charter+rates+based+on+new+shipbuilding+prices+and+the+current+market.%3Cbr%3E%E3%80%80A+shipowner+official+said%2C+%E2%80%9CIf+we+continue+to+operate+ships+at+this+price+difference%2C+simple+maths+tells+us+that+long-term+charterers+will+incur+a+loss+of+1.09+million+dollars+%28160+million+yen%29+a+year.+It+will+be+difficult+to+close+a+deal+like+this.%E2%80%9C+He+went+on+to+explain+the+difficulty+of+steering+the+situation%2C+%E2%80%9COn+the+other+hand%2C+if+we+hold+onto+cash+for+the+long+term%2C+we+will+lose+out+to+inflation.%E2%80%9C%3Cbr%3E%E3%80%80In+this+situation%2C+some+Japanese+ship+owners+are+focusing+on+investing+in+aircraft+engines+and+real+estate+as+depreciable+assets.%3Cbr%3E%E3%80%80In+the+aviation+sector%2C+passenger+demand+has+recovered+since+the+end+of+the+coronavirus+pandemic%2C+and+demand+for+ton+miles+%28weight+and+distance+traveled%29+is+also+increasing+due+to+flight+routes+that+bypass+Russian+airspace.%3Cbr%3E%E3%80%80Meanwhile%2C+when+it+comes+to+aircraft+supply%2C+two+companies%2C+Boeing+of+the+United+States+and+Airbus+of+Europe%2C+have+a+near+monopoly+on+manufacturing%2C+and+Boeing+in+particular+has+been+hit+by+delays+in+its+production+plans+due+to+quality+issues+and+strikes%2C+exacerbating+the+tight+supply+and+demand+of+aircraft+around+the+world.%3Cbr%3E%E3%80%80As+a+result%2C+there+is+a+growing+demand+for+used+aircraft+from+the+world%E2%80%99s+major+airlines%2C+LCCs+%28low-cost+carriers%29%2C+and+cargo+airlines%2C+and+investment+projects+in+engines%2C+which+are+the+most+important+equipment%2C+are+also+heating+up.%3Cbr%3E%E3%80%80The+investment+cost+for+one+aircraft+engine+is+2+to+3+billion+yen%2C+equivalent+to+the+cost+of+0.5+to+0.7+Handysize+bulkers.+Even+when+they+get+old%2C+the+turbine+blades%2C+which+are+a+component+of+the+equipment%2C+remain+valuable+and+are+a+solid+investment+target.%3Cbr%3E%E3%80%80%E2%80%9CCompared+to+the+volatile+shipping+market%2C+aviation+needs+are+stable+after+the+pandemic.+Some+Japanese+ship+owners+may+further+diversify+their+investments+into+areas+other+than+ships.%E2%80%9C+%28Ship+finance+source%29%3Cbr%3E%28Japanese+ship+owners+coverage+team%29%3Cbr%3E%3D+Posted+every+other+Monday%3Cbr%3E%3Cbr%3E%3Cbr%3E%3Cbr%3EDisclaimer%3A+The+English+translations+provided+through+this+service+are+the+result+of+translations+made+by+The+Japan+Maritime+Daily+or+automatically+and+mechanically+translated+by+The+Japan+Maritime+Daily+using+an+automated+translation+system+provided+by+a+third+party+after+certain+processing+of+the+Japanese+content+licensed+by+the+third+party.+In+terms+of+the+English+translation%2C+The+Japan+Maritime+Daily+and+MarineNet+Co.%2C+Ltd.+make+no+warranty+or+burden+of+any+kind%2C+express+or+implied%2C+including+its+accuracy%2C+reliability%2C+validity+or+fitness+for+a+particular+purpose.+MarineNet+Users+should+fully+understand+that+this+service+uses+an+automated+translation+system+that+automatically+and+mechanically+recognizes+and+analyzes+information+and+produces+results.+The+users+should+understand+the+above+conditions+before+using+this+service.%3Cbr%3E%3Cbr%3E%E5%85%8D%E8%B2%AC%E4%BA%8B%E9%A0%85%EF%BC%9A%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E4%BB%8B%E3%81%97%E3%81%A6%E6%8F%90%E4%BE%9B%E3%81%95%E3%82%8C%E3%82%8B%E8%8B%B1%E8%A8%B3%E3%81%AF%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%BD%9C%E6%88%90%E3%81%99%E3%82%8B%E3%81%8B%E3%80%81%E5%8F%88%E3%81%AF%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8B%E3%82%89%E4%BD%BF%E7%94%A8%E8%A8%B1%E8%AB%BE%E3%82%92%E5%8F%97%E3%81%91%E3%81%9F%E6%97%A5%E6%9C%AC%E8%AA%9E%E3%81%AE%E3%82%B3%E3%83%B3%E3%83%86%E3%83%B3%E3%83%84%E3%82%92%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%81%8C%E4%B8%80%E5%AE%9A%E3%81%AE%E5%87%A6%E7%90%86%E3%82%92%E8%A1%8C%E3%81%A3%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E7%AC%AC%E4%B8%89%E8%80%85%E3%81%8C%E6%8F%90%E4%BE%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E5%88%A9%E7%94%A8%E3%81%97%E3%81%A6%E8%87%AA%E5%8B%95%E7%9A%84%E3%83%BB%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E7%BF%BB%E8%A8%B3%E3%81%97%E3%81%9F%E7%B5%90%E6%9E%9C%E3%81%A7%E3%81%82%E3%82%8A%E3%80%81%E6%97%A5%E6%9C%AC%E6%B5%B7%E4%BA%8B%E6%96%B0%E8%81%9E%E3%80%81%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%81%AF%E3%80%81%E5%BD%93%E8%A9%B2%E8%8B%B1%E8%A8%B3%E3%81%AB%E9%96%A2%E3%81%97%E3%81%A6%E3%80%81%E3%81%9D%E3%81%AE%E6%AD%A3%E7%A2%BA%E6%80%A7%E3%80%81%E4%BF%A1%E9%A0%BC%E6%80%A7%E3%80%81%E5%A6%A5%E5%BD%93%E6%80%A7%E5%8F%8A%E3%81%B3%E7%89%B9%E5%AE%9A%E7%9B%AE%E7%9A%84%E3%81%B8%E3%81%AE%E9%81%A9%E5%90%88%E6%80%A7%E3%82%92%E5%90%AB%E3%82%81%E3%80%81%E6%98%8E%E7%A4%BA%E5%8F%88%E3%81%AF%E9%BB%99%E7%A4%BA%E3%81%AB%E3%82%82%E3%80%81%E3%81%84%E3%81%8B%E3%81%AA%E3%82%8B%E4%BF%9D%E8%A8%BC%E3%82%82%E3%81%97%E3%81%BE%E3%81%9B%E3%82%93%E3%80%82%E3%83%9E%E3%83%AA%E3%83%B3%E3%83%8D%E3%83%83%E3%83%88%E3%83%A6%E3%83%BC%E3%82%B6%E3%83%BC%E3%81%AF%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%8C%E3%80%81%E8%87%AA%E5%8B%95%E7%9A%84%E3%81%8B%E3%81%A4%E6%A9%9F%E6%A2%B0%E7%9A%84%E3%81%AB%E6%83%85%E5%A0%B1%E3%82%92%E8%AA%8D%E8%AD%98%E3%83%BB%E5%88%86%E6%9E%90%E3%81%97%E3%81%A6%E7%B5%90%E6%9E%9C%E3%82%92%E5%87%BA%E5%8A%9B%E3%81%99%E3%82%8B%E8%87%AA%E5%8B%95%E7%BF%BB%E8%A8%B3%E3%82%B7%E3%82%B9%E3%83%86%E3%83%A0%E3%82%92%E4%BD%BF%E7%94%A8%E3%81%97%E3%81%9F%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%81%A7%E3%81%82%E3%82%8B%E3%81%93%E3%81%A8%E3%82%92%E5%8D%81%E5%88%86%E3%81%AB%E7%90%86%E8%A7%A3%E3%81%97%E3%81%9F%E4%B8%8A%E3%81%A7%E3%80%81%E3%81%93%E3%81%AE%E3%82%B5%E3%83%BC%E3%83%93%E3%82%B9%E3%82%92%E5%88%A9%E7%94%A8%E3%81%99%E3%82%8B%E3%82%82%E3%81%AE%E3%81%A8%E3%81%97%E3%81%BE%E3%81%99%E3%80%82%3Cbr%3E

【国内船主の今】(391)オールチャイナ回避。トランプリスク、親中派も転換

2025/04/14(月)

日本海事新聞 JMD

関連記事ニュース Related news