日本海事新聞ニュース Japan Maritime Daily Apr 22, 2024 (Mon)

The investment policies are divided among Japanese shipowners, Newbuild vs S&L

　Japanese shipowners are polarized when it comes to investment decisions regarding new ships. Large ・・・ 続きはログインして下さいnext %E3%80%80%3Cb%3EJapanese+shipowners%3C%2Fb%3E+are+polarized+when+it+comes+to+investment+decisions+regarding+new+ships.+Large+shipowners+with+50+to+100+or+more+vessels+are+actively+ordering+new+ships.+On+the+other+hand%2C+medium-sized+and+small+shipowners%2C+citing+rising+new+shipbuilding+prices%2C+are+procuring+ships+owned+by+Greek+shipowners+and+European+shipping+companies+through+sale+and+leasebacks+%28S%26LB%29.+As+new+shipbuilding+prices+at+shipyards+remain+high%2C+%3Cb%3EJapanese+shipowners%3C%2Fb%3E+tend+to+be+polarized+between+ordering+new+ships+and+S%26LB.+%3Cbr%3E%E3%80%80%E2%80%9CCurrent+new+shipbuilding+prices+are+higher+than+ever+before.%E2%80%9D+%3Cbr%3E%E3%80%80An+official+from+a+trading+company%E2%80%99s+shipping+department+responded+to+an+interview+by+the+Japan+Maritime+Daily+as+follows.+The+shipping+departments+of+trading+companies+are+becoming+divided+into+those+that+invest+in+their+own+ships+and+those+that+are+cautious+about+the+ship-owning+business.+%3Cbr%3E%E3%80%80Many+trading+companies+take+into+account+the+upper+and+lower+limits+of+past+new+shipbuilding+prices+as+the+basis+for+deciding+whether+to+invest+in+new+ships.+%3Cbr%3E%E3%80%80The+current+new+shipbuilding+prices+%E2%80%9Cexceeds+our+internal+investment+limit+to+be+honest.+It+is+also+difficult+to+secure+charter+rates+commensurate+with+the+cost+of+new+ships.+However%2C+we+cannot+deny+the+possibility+that+this+level+will+become+the+standard+in+the+future.%E2%80%9D+Shipping+Department+reveals+mixed+feelings.+%3Cbr%3E%E3%80%80According+to+Clarksons+Research+in+the+UK%2C+the+current+new+shipbuilding+price+for+a+new+180%2C000+dwt+Capesize+ship+is+%2468.5+million.+At+an+exchange+rate+of+150+yen+to+the+dollar%2C+each+ship+would+cost+over+10+billion+yen.+The+current+price+is+a+further+14%25+increase+from+around+%2460.5+million+at+the+end+of+2022%2C+when+ship+prices+soared+and+orders+were+extremely+sluggish.+%3Cbr%3E%E3%80%80The+soaring+new+shipbuilding+prices+are+due+to+rising+material+and+labor+costs.+%3Cbr%3E%E3%80%80The+problem+is+that+the+Japanese+market+is+polarized+between+shipowners+who+are+willing+to+place+orders+at+this+new+shipbuilding+price+and+those+who+are+cautious+about+placing+orders.+%3Cbr%3E%E3%80%80When+ordering+bulkers%2C+the+direction+of+new+fuels+such+as+ammonia+and+methanol+has+not+yet+been+decided+worldwide.+According+to+a+local+bank+official%2C+major+shipowners+are+also+actively+investing+in+new+ships+that+can+handle+new+fuels.+%3Cbr%3E%E3%80%80Even+though+new+shipbuilding+prices+remain+high%2C+%3Cb%3EJapanese+shipowners%3C%2Fb%3E+are+continuing+to+invest%2C+partly+due+to+a+problem+unique+to+Japan%3A+exchange+rates.+%3Cbr%3E%E3%80%80Many+Japanese+ship+owners+receive+charter+hire+in+dollars+from+operators+%28shipping+companies%29.+When+the+yen+is+weak%2C+at+150+yen+to+the+dollar%2C+income+in+yen+increases+compared+to+when+it+is+100+yen+to+the+dollar.+%3Cbr%3E%E3%80%80Under+Japan%E2%80%99s+tax+system%2C+the+effective+corporate+tax+rate+is+around+35%25.+They+find+it+harder+to+carry+over+profits+than%2C+for+example%2C+Greek+shipowners+in+countries+with+no+shipping+taxes.+%3Cbr%3E%E3%80%80While+large+shipowners+are+ordering+new+ships%2C+medium-scale+shipowners+have+focused+on+purchasing+secondhand+vessels+with+re-charter+guarantees.+%3Cbr%3E%E3%80%80The+main+focus+of+this+business+is+on+S%26LB+projects%2C+where+secondhand+vessels+of+European+shipping+are+purchased+and+re-chartered+as+bare+boat+charters.+%3Cbr%3E%E3%80%80Greek+shipowners+and+European+shipping+companies+are+selling+their+aging+ships+to+%3Cb%3EJapanese+shipowners%3C%2Fb%3E.+The+Japanese+shipowner+can+obtain+a+loan+from+a+local+bank%2C+pay+the+purchase+price+to+European+Shipping%2C+and+secure+the+depreciable+assets.+%3Cbr%3E%E3%80%80It+has+also+been+pointed+out+that+the+quality+of+S%26LB+cases+has+deteriorated+due+to+intensifying+competition+among+%3Cb%3EJapanese+shipowners%3C%2Fb%3E.+%3Cbr%3E%E3%80%80As+European+financial+institutions+have+resumed+lending+to+the+shipping+industry%2C+%E2%80%9Cbenchmark+bare+boat+charter+rates+are+falling%2C%E2%80%9D+according+to+a+shipping+broker.+%3Cbr%3E%E3%80%80Nevertheless%2C+%3Cb%3EJapanese+shipowners%3C%2Fb%3E+continue+to+secure+depreciable+assets+against+the+favorable+charter+market+and+the+strong+yen+revenues+that+have+increased+due+to+the+weak+yen.+%3Cbr%3E%E3%80%80Major+shipowners+are+placing+orders+for+new+ships+from+Chinese+shipyards+as+well+as+Japanese+shipyards.+%E2%80%9CThere+are+some+major+shipowners+who+have+many+of+the+slipways+at+shipyards+in+Japan+and+China.%E2%80%9D+%28Shipping+department+of+a+trading+company%29+%3Cbr%3E%E3%80%80If+the+yen+continues+to+weaken%2C+%3Cb%3EJapanese+shipowners%3C%2Fb%3E+are+likely+to+become+more+clearly+polarized+between+those+actively+investing+in+new+ships+and+those+investing+in+S%26LB+projects.+%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

日本船主、新造船かS&LBか。投資判断で二極化進む

2024/04/22(月)

日本海事新聞 JMD

関連記事ニュース Related news