Welcome to MarineNet!

dbg

日本海事新聞ニュース Japan Maritime Daily Mar 15, 2023 (Wed)

Iino Lines is stepping up efforts to open new routes in the chemical tanker business

Promoting global expansion centered on Middle East routes

　In the chemical tanker business, Iino Lines is stepping up efforts to open new routes. Since last y ・・・続きはログインして下さいnext %E3%80%80In+the+chemical+tanker+business%2C+%3Cb%3EIino+Lines%3C%2Fb%3E+is+stepping+up+efforts+to+open+new+routes.+Since+last+year%2C+it+has+launched+a+regular+transport+service+linking+Asia+and+South+America.+It+is+considering+gradually+expanding+the+service+while+monitoring+transportation+demand+and+the+market+trends.+It+will+promote+global+business+development+by+expanding+its+service+network+to+other+routes%2C+centered+on+the+Middle+East+routes%2C+in+which+the+company+has+the+top+market+share.+In+order+to+continue+to+provide+stable+transportation+services%2C+it+plans+to+resume+investment+in+chemical+tankers.+%3Cbr%3E%E3%80%80Last+year%2C+%3Cb%3EIino+Lines%3C%2Fb%3E+provided+regular+chemical+tanker+shipping+services+between+Asia+and+South+America.+%3Cbr%3E%E3%80%80Sulfuric+acid+was+carried+from+Asia+to+South+America%2C+and+vegetable+oil%2C+ethanol%2C+and+petrochemical+products+were+transported+on+return+voyages.+In+addition%2C+to+develop+business+in+other+new+routes%2C+it+carried+petrochemical+products+from+North+America+to+Asia+and+India+occasionally.+%3Cbr%3E%E3%80%80In+its+medium-term+management+plan+%E2%80%9CBe+Unique+and+Innovative.+%3A+The+Next+Stage%2C%E2%80%9C+the+company+has+set+%E2%80%9Cfurther+promotion+of+global+business%E2%80%9C+as+one+of+its+priority+measures.+In+the+chemical+tanker+business%2C+it+has+set+out+to+%E2%80%9Cstrengthen+efforts+to+expand+into+routes+other+than+the+existing+Middle+East+routes%E2%80%9C+and+%E2%80%9Cfurther+improve+the+efficiency+of+vessel+allocation+through+integration+with+Middle+East+routes.%E2%80%9C+%3Cbr%3E%E3%80%80%3Cb%3EIino+Lines%3C%2Fb%3E+has+long+been+looking+for+opportunities+to+explore+routes+outside+the+Middle+East.+However%2C+given+the+sluggish+freight+rate+market+for+chemical+tankers%2C+it+didn%E2%80%99t+take+it+lightly%2C+as+unreasonable+expansion+of+the+service+network+would+increase+losses.+%3Cbr%3E%E3%80%80This+time%2C+it+was+able+to+lay+the+groundwork+for+entering+new+routes%2C+largely+because+the+freight+rate+market+recovered+significantly+and+the+business+environment+improved.+%3Cbr%3E%E3%80%80Europe+switched+petrochemical+product+procurement+sources+from+Russia+to+the+Middle+East%2C+the+United+States%2C+and+Asia.+Demand+for+chemical+tankers+was+boosted+by+the+increase+in+ton+miles+due+to+increased+procurement+from+remote+areas.+%3Cbr%3E%E3%80%80Due+to+sanctions+against+Russia%2C+the+product+tanker+market%2C+which+carries+petroleum+products%2C+soared.+As+a+result%2C+product+tankers%2C+which+had+flowed+into+the+chemical+tanker+market%2C+left%2C+tightening+the+shipping+capacity.+%3Cbr%3E%E3%80%80Over+the+past+few+years%2C+the+slump+in+the+freight+market+has+stagnated+investment%2C+and+the+supply+of+new+chemical+tankers+has+remained+at+historically+low+levels.+It+accelerated+the+tight+supply+and+demand+of+shipping+capacity.+%3Cbr%3E%E3%80%80According+to+Clarksons+Research%2C+the+average+freight+rate+for+the+Middle+East-Korea+route+in+2022+%2815%2C000-ton+loading%29+was+%2470.02+per+ton.+It+was+a+66%25+increase+from+the+2021+average+of+%2442.07.+%3Cbr%3E%E3%80%80%E2%96%A0+Considering+placing+an+order+with+a+delivery+date+of+2025+%3Cbr%3E%E3%80%80%3Cb%3EIino+Lines%3C%2Fb%3E+has+begun+considering+resuming+investment+in+chemical+tankers.+%3Cbr%3E%E3%80%80This+term%2C+two+35%2C700+dwt+vessels+with+stainless+steel+tanks+were+added+to+%3Cb%3EIino+Lines%3C%2Fb%3E%E2%80%99+chemical+tanker+fleet.+With+the+delivery+of+the+two+vessels%2C+the+order+backlog+for+new+construction+has+become+zero.+%3Cbr%3E%E3%80%80The+company+has+a+fleet+of+28+chemical+tankers+that+it+independently+operates+mainly+on+routes+to+the+Middle+East.+Assuming+that+the+vessels+will+be+used+up+to+20+years+of+age%2C+it+will+be+necessary+to+replace+1.5+vessels+per+year+in+order+to+maintain+the+current+operating+scale.+%3Cbr%3E%E3%80%80However%2C+there+are+no+vessels+scheduled+to+enter+service+in+2023+and+2024.+It+is+because+the+company+was+forced+to+refrain+from+investing+in+ships+due+to+the+prolonged+market+slump+and+high+ship+prices%2C+even+though+it+continues+to+consider+it.+There+is+also+the+fact+that+it+was+difficult+to+ascertain+environmental+measures.+%3Cbr%3E%E3%80%80%E2%80%9CWe+tried+to+buy+time+by+trying+to+extend+the+life+of+the+existing+fleet%2C+but+we+can%E2%80%99t+buy+time+forever.+Ship+prices+are+still+high%2C+but+it+is+difficult+to+imagine+that+ship+prices+will+drop+significantly+in+the+near+future.+We+feel+that+a+certain+amount+of+continuous+ship+investment+is+necessary+to+continue+our+business+and+to+provide+services+on+new+routes%2C%E2%80%9D+Executive+Officer+Seiichi+Fujimura+says.+Therefore%2C+the+company+is+considering+the+newbuilding+program+with+a+delivery+date+of+2025.+%3Cbr%3E%E3%80%80The+chemical+tanker+business+of+%3Cb%3EIino+Lines%3C%2Fb%3E+consists+of+three+operations%3A+the+independent+operation+business%2C+which+is+mainly+handled+by+the+Singapore+base%3B+the+time+charter+business%2C+which+is+mainly+based+on+medium-+to+long-term+contracts%3B+and+the+joint+operation+business+with+a+US+partner.+%3Cbr%3E%E3%80%80A+total+of+37+vessels+are+operated.+The+breakdown+is+28+independently+operated+vessels%2C+5+time+charter+vessels%2C+and+4+jointly+operated+business+vessels.+The+independent+operation+is+based+on+transport+services+between+the+Middle+East+and+the+Far+East+and+between+the+Middle+East+and+Europe.+As+mentioned+above%2C+it+is+also+expanding+its+services+to+the+US+routes.+%3Cbr%3E%E3%80%80Last+year%2C+the+joint+operation+business+through+the+joint+venture+with+Fairfield+Chemical+Carriers+%28FCC%29+of+the+United+States+was+dissolved.+They+changed+how+they+work+together.+Now%2C+%3Cb%3EIino+Lines%3C%2Fb%3E+time+charters+four+vessels+to+FCC%2C+and+FCC+provides+four+vessels+as+well.+They+combine+those+vessels%2C+operate+together+virtually%2C+and+split+the+profits.+%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