日本海事新聞ニュース Japan Maritime Daily Jan 23, 2023 (Mon)

Interview with Christian M.Ingerslev, CEO of Maersk Tankers

Maersk Tankers CEO Christian M. Ingerslev

-About the product tanker market Up until 2021, the tanker industry experienced the worst earnings f ・・・ 続きはログインして下さいnext -About+the+product+tanker+market%3Cbr%3EUp+until+2021%2C+the+tanker+industry+experienced+the+worst+earnings+for+more+than+30+years.++Markets+were+weak%2C+as+there+were+not+many+new+building+orders%2C+at+the+same+time+as+demand+was+pretty+low+as+a+consequence+of+COVID-19.+%3Cbr%3E%3Cbr%3EThen%2C+I+think+it%E2%80%99s+fair+to+say+that+when+Russia+invaded+Ukraine%2C+things+changed.+A+lot+of+uncertainty+in+the+energy+markets.+Oil+prices+increased+and+with+people+being+more+hesitant+to+buy+Russian+oil%2C+particularly+in+European+countries%2C+then+trade+distances+became+longer.+%3Cbr%3E%3Cbr%3EAlso+because+of+the+increased+volatility%2C+the+oil+companies+and+trading+houses+wanted+to+have+certainty+that+they+could+get+access+to+vessels.+So%2C+they+were+not+so+worried+about+what+they+paid%2C+they+were+more+worried+about+gaining+access.+The+owners+also+got+more+confidence.%3Cbr%3E%3Cbr%3EAll+these+factors+led+to+markets+tightening+%E2%80%93+initially+only+for+product+tankers+because+it+didn%E2%80%99t+lead+to+an+increase+in+demand.+It+just+led+to+changes+in+where+cargoes+were+moving+from.+%3Cbr%3E%3Cbr%3EWe+expect+that+that+will+continue.+As+long+as+the+war+between+Russia+and+Ukraine+is+not+stopped%2C+we+also+need+to+see+Russia+return+to+normal+from+an+energy+perspective.+Because+as+long+as+Russian+oil+goes+elsewhere%2C+then+distances+get+longer.+And+you+can+see+now+new+sanctions+are+coming+into+force+in+Europe+for+crude+in+December+and+oil+products+in+February.+We+expect+that+it+will+not+make+Russian+oil+products+stop.+It+will+just+make+them+go+somewhere+else.+Maybe+China+or+India.+Then+Europe+will+still+need+the+same+volume.+So+instead+of+importing+from+Russia%2C+they+will+import+from+the+Middle+East.+%3Cbr%3E%3Cbr%3ESo%2C+we+expect+that+all+other+things+being+equal%2C+demand+will+increase+by+four+percentage+points.+The+fleet+is+growing+somewhat+next+year%2C+but+not+by+4%25+and+new+building+orders+are+quite+low.+It%E2%80%99s+unlikely+in+our+mind+that+people+will+order+new+vessels+because+there%E2%80%99s+uncertainty+about+future+propulsion.+There%E2%80%99s+uncertainty+about+the+long-term+demand+for+oil+because+the+Paris+Agreement+is+pushing+for+a+reduction.+On+top+of+that%2C+shipbuilding+prices+are+very+expensive%2C+and+delivery+is+now+maybe+2026%2C+a+very+long+time+from+now.+%3Cbr%3E%3Cbr%3ESo%2C+I+think+the+outlook+looks+strong.+It%E2%80%99s+also+with+that+in+mind+that+we+are+encouraging+owners+to+join+the+spot+market+because+the+rate+difference+between+the+time+charter+%28TC%29+and+the+spot+market+is+high.+The+spot+market+is+maybe+more+than+%2440%2C000+a+day+and+the+TC+market+is+maybe+closer+to+25%2C000.+The+rate+difference+is+really+big.+%3Cbr%3E%3Cbr%3ESo%2C+we+encourage+owners+that+they+should+be+in+the+spot+market+to+take+advantage+of+the+high+rates+but+also+have+access+to+the+vessels+so+that+they+can+get+a+very+attractive+long-term+time+charter%2C+maybe+three+or+five+years%2C+or+if+they+have+an+opportunity+to+sell+the+vessel+at+a+good+price.+Being+in+the+spot+market+will+allow+you+to+do+that.+%3Cbr%3E%3Cbr%3EIf+you+look+at+it+historically%2C+the+way+to+make+money+in+tankers+is+really+by+having+your+vessel+available+when+you+have+these+extreme+spikes+that+are+very+difficult+to+predict.+We+did+not+predict+the+Russian+war+in+Ukraine.+Just+as+you+can+say+natural+disasters+and+other+things+have+previously+impacted+the+tanker+market.+We+cannot+predict.+So+having+flexibility+available+in+the+market+is+key.%3Cbr%3E%3Cbr%3E%3Cbr%3E%E2%80%93+About+Maersk+Tankers%E2%80%99+Pool+activity%3Cbr%3EI+think+when+markets+are+low%2C+then+a+pool+is+very+attractive+because+it+improves+cash+flow+and+I+think+that%E2%80%99s+key+in+such+a+time.+A+pool+can+also+reduce+your+risk.+%3Cbr%3E%3Cbr%3EBecause+if+you+think+about+one+MR+vessel%2C+the+average+duration+of+one+voyage+is+28+days.+So%2C+every+vessel+will+be+fixed+about+12+times+a+year.+But+markets+are+extremely+volatile%2C+it%E2%80%99s+very+difficult+to+get+market+earnings+with+12+fixtures+a+year.+%3Cbr%3E%3Cbr%3EOn+the+other+hand%2C+our+pool+has+more+than+90+MRs%2C+each+getting+fixed+about+12+times+a+year.+So%2C+we+do+more+than+1000+fixtures+per+year.+And+with+about+250+business+days+per+year%2C+that+means+we+fix+about+4+ships+every+day.+So%2C+we+are+much+more+likely+to+be+able+to+get+steady+cash%2C+strong+market+earnings+and+the+ability+to+optimize+utilization+on+both+good+markets+and+low+markets.%3Cbr%3E%3Cbr%3EThe+risk+is+much+easier+to+control+by+the+service+we+deliver+to+the+customer.+About+the+flexibility+for+the+ships+to+enter+and+exit%2C+you+can+leave+our+pool+with+45+days%E2%80%99+notice.+It%E2%80%99s+really+easy+and+the+strategic+commitment+is+rather+limited.%3Cbr%3E%3Cbr%3E%3Cbr%3E-About+ship+owning%3Cbr%3EMaersk+Tankers+owns+no+ships.+We+have+a+sister+company+called+Maersk+Product+Tankers+owned+together+with+Mitsui+and+that+company+owns+52+ships.%3Cbr%3E%3Cbr%3EAlso%2C+Maersk+Tankers+charters-in+8+ships.+So%2C+our+core+fleet+is+60+in+total.+8+is+Maersk+tankers%E2%80%99+Time+Charter+%28TC%29-in+vessels+and+52+is+owned+by+Maersk+Products+Tankers.%3Cbr%3E%3Cbr%3EWe+are+opportunistic.+We+take+time+charters+when+we+think+it%E2%80%99s+attractive.+I+think+right+now+charter+rates+are+very+high.+We+have+taken+8+ships%2C+so+it+shows+how+we+believe+in+the+markets.+%3Cbr%3E%3Cbr%3EChartering-in+8+ships+comes+with+a+lot+of+risk.+The+average+product+tanker+owner+today+owns+less+than+4+ships.+So%2C+our+8+TC-in+vessels+are+a+lot+in+a+market+as+fragmented+as+this+one.%3Cbr%3E%3Cbr%3EThe+number+of+Maersk+Product+Tankers%E2%80%99+owned+vessels+have+been+decreasing.+The+company+has+seen+the+opportunity+in+the+increasing+market+to+sell+some+ships+to+take+advantage+of+the+high+rates.+%3Cbr%3E%3Cbr%3ENow%2C+we+still+have+a+lot+of+ships+trading+in+the+spot+market+because+we+think+the+market+outlook+is+attractive.+But+I+think+it%E2%80%99s+important+from+a+portfolio+perspective+that+you+don%E2%80%99t+put+everything+in+the+same+colour.%3Cbr%3E%3Cbr%3EOur+charter-in+period+is+probably+an+average+of+about+one+year.+We+have+some+leasing+vessels+that+are+long-term+8-10+years.+%3Cbr%3E%3Cbr%3E%3Cbr%3E-Activities+in+Japan%3Cbr%3EWe+have+been+very+active+in+Japan+for+many+years.+We%E2%80%99ve+done+many+TC-in+here.+We+continue+to+take+a+lot+of+vessels.+I+think+particularly+the+Japanese+pump+room+design+MRs+which+we+have+a+lot+in+our+pool+because+they+are+very+good+quality%2C+and+easy+to+operate.+%3Cbr%3E%3Cbr%3EWe+have+not+ordered+newbuildings+for+a+while.+Newbuilding+prices+are+quite+high.+But+I+think+the+reality+is+there%E2%80%99s+a+lot+of+uncertainty+about+future+propulsion.+So+that+is+also+why+we+are+investing+so+much+time+and+money+in+finding+a+way+forward+on+decarbonization.+%3Cbr%3E%3Cbr%3E%3Cbr%3E-About+GHG+reduction+of+existing+vessels%3Cbr%3EThere%E2%80%99s+a+lot+we+can+do+today+to+improve+the+vessels+already+underwater.+We+have+created+a+business+called+Njord%2C+in+partnership+with+Mitsui+and+Cargill.%3Cbr%3E%3Cbr%3EWith+current+high+energy+prices+combined+with+an+increased+focus+on+decarbonization%2C+many+owners+are+very+interested+in+Njord.+%3Cbr%3E%3Cbr%3EIt+has+gained+traction+this+year+and+become+a+profitable+company+because+the+payback+on+the+investment+is+very+low.+For+some+vessels%2C+it%E2%80%99s+less+than+one+year.+The+return+on+the+investment+is+really+good.+Probably+the+best+investment+you+can+make+today+is+energy+efficiency+because+there+are+very+high+energy+prices.+%3Cbr%3E%3Cbr%3ESo%2C+there+are+many+different+existing+technologies+out+there.+We+have+a+lot+of+experience+with+how+they+work+together.+If+you+put+one+technology+on+the+ship%2C+then+it+is+easy+to+see+how+much+savings+you+will+get%2C+but+you+cannot+say+if+you+put+5+different+technologies+or+10+different+technologies+on+board.%3Cbr%3E%3Cbr%3EWe+have+a+lot+of+experience+having+placed+many+of+these+devices+on+board+our+own+ships.+So+we+can+advise+shipowners.+%3Cbr%3E%3Cbr%3EWe+typically+do+it+in+phases.+First%2C+you+can+buy+a+screening+and+we+will+tell+you+what+the+savings+potential+is+and+what+the+payback+is.+%3Cbr%3E%3Cbr%3EAnd+then+we+can+also+do+the+design+and+then+we+can+do+the+final+installation+where+we+negotiate+with+the+suppliers+and+make+the+whole+yard+specification.+Then+we+guide+the+owner+through+the+entire+process.+This+is+not+just+focused+on+product+tankers%2C+we+have+advised+on+LNG+carriers%2C+container+ships%2C+bulk+carriers%2C+or+tanker+vessels.+So+really+all+sectors.%3Cbr%3E%3Cbr%3EWe+feel+it%E2%80%99s+important+that+we+all+know+that+what+this+industry+needs+is+green+fuel.+But+it+might+take+a+long+time+until+we+have+the+right+green+fuel+in+the+volumes+we+need+so%2C+everyone+can+sail+on+it.+However%2C+in+the+meantime%2C+we+need+to+take+action+to+reduce+emissions.%3Cbr%3E%3Cbr%3EFor+that+reason%2C+we+want+to+drive+that+agenda.+And+we+do+that.+We+also+do+that+through+the+use+of+products+from+a+company+called+ZeroNorth.+%3Cbr%3E%3Cbr%3EZeroNorth+was+established+by+Maersk+Tankers+3+years+ago+and+is+today+a+completely+independent+company+that+has+more+than+2000+vessels+on+the+platform.+Again%2C+also+making+global+trade+green+by+optimizing+the+energy+consumption+on+the+vessels+at+all+times.+%3Cbr%3E%3Cbr%3EOf+course%2C+there%E2%80%99s+uncertainty+about+the+future.+But+there%E2%80%99s+so+much+we+can+do+today.+And+for+us+is+using+our+scale+of+commercial+management%2C+because+by+coming+together%2C+we+can+invest+in+decarbonization.+We+can+use+ZeroNorth+and+the+digital+products+from+them+to+optimize+better.+%3Cbr%3E%3Cbr%3EWe+are+helping+more+than+40+different+partners+in+our+commercial+management+to+get+through+this+transition.+%3Cbr%3E%3Cbr%3E%3Cbr%3E-About+Methanol-fueled+ships%3Cbr%3EContainer+lines+have+ordered+90+methanol+dual-fuel+vessels.+I+think+it+sends+a+clear+signal+to+the+market+about+the+demand+for+methanol.+The+technology+is+known%2C+and+engines+are+available.+%3Cbr%3E%3Cbr%3EI+think+maybe+over+time%2C+we+will+also+get+to+a+point+where+we+can+develop+ammonia+but+there+are+some+questions+regarding+ammonia+both+when+it+comes+to+safety+and+also+the+engines+do+not+exist+yet.%3Cbr%3E%3Cbr%3ESo%2C+I+think+rather+than+waiting+to+converge+on+one+fuel%2C+let%E2%80%99s+get+started.+Methanol+is+a+really+good+start.+There%E2%80%99s+a+lot+of+potential.+So%2C+I+appreciate+the+push.+%3Cbr%3E%3Cbr%3EI+think+now+other+companies+like+COSCO+were+out+saying+that+they+were+looking+to+buy+so+more+people+are+moving+in+that+direction.+%3Cbr%3E%3Cbr%3EI+think+it%E2%80%99s+a+very+positive+development.+We+owe+it+to+future+generations+to+solve+this+challenge+and+rather+than+waiting+for+others+to+do+it%2C+it%E2%80%99s+important+to+step+forward.+Our+owners%2C+A.P.+Moller+Holding+and+the+A.P.+Moller+Foundation+have+donated+more+than+%24100+million+to+the+Maersk+McKinney+Moller+Center+for+Zero+Carbon+Shipping.+They+also+have+a+lot+of+Japanese+partners+and+I+think+this+is+showing+how+the+industry+needs+to+collaborate+because+decarbonization+has+a+lot+of+opportunities.+To+take+advantage+of+those+opportunities%2C+we+have+to+work+together.%3Cbr%3E%3Cbr%3E%3Cbr%3E-Long-term+charter+with+Japanese+owners.%3Cbr%3EI+don%E2%80%99t+have+specific+ideas.+But+Japan+and+Japanese+owners+are+important+to+stay+connected.+It%E2%80%99s+important+to+work+on+the+relationship+because+opportunities+will+arise.+Maybe+the+opportunity+is+not+here+today.+But+of+course%2C+right+now+the+Japanese+Yen+is+a+bit+more+attractive+to+the+dollar.+So%2C+I+think+the+competitiveness+of+the+Japanese+Yen+is+coming+back.+I+think+more+foreign+owners+are+looking+to+Japan+today.+The+quality+is+always+fantastic+here.+You+can+also+see+that+Maersk+has+been+doing+a+lot+of+charters+of+container+vessels+here.%3Cbr%3E%3Cbr%3E-About+Sale+and+leaseback+and+JOLCO%3Cbr%3ENot+at+the+moment.+We+will+always+look+at+opportunities.+We+will+always+evaluate+because+they+are+attractive+schemes.+But+it+needs+to+be+for+the+right+fleet+or+the+right+vessel.+So%2C+we+are+constantly+evaluating+what+the+right+thing+is.+%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

【インタビュー　欧州プロダクト船大手の戦略】マースクタンカーズCEO　クリスチャン・M・インガースレフ氏、船主はスポット参入を

2023/01/23(月)

日本海事新聞 JMD

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