Page 17 - Annual Review 2020

In the ship-breaking sector, most of the ship dem- olitions took place in Asia; with Bangladesh, India, Pakistan and Turkey accounting for 94.9% of ship scrapping in 2019 in terms of DWT.
Maritime Trade
UNCTAD expects international maritime trade to expand at an average annual growth rate of 3.5% over the 2019–2024 period driven by containerized, dry bulk and gas cargoes. However, uncertainty re-
UPDATE ON INDIAN SHIPPING
Segment wise growth of Indian fleet
Annual Review 2020
mains an overriding theme in the current maritime transport environment, with risks tilted to the down- side.
According to the liner shipping connectivity index developed by UNCTAD, 5 of the top 10 most con- nected economies are in Asia, 4 are in Europe and one is in North America. Since 2006, the most con- nected country – China – has improved its index by 51 per cent.
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CY18
CY19
CY20 (30.06.2020)
No of In million ships GT
Particulars
No of ships
In million GT
No of ships
In million GT
No of ships
In million GT
Tankers (crude, product, LPG and ethylene)
Additions 19 0.93 11 0.34 15 0.38 4 0.01
Deletions 4 0.18 5 0.19 8 0.21 3 0.13
Total 171 6.99 177 7.13 184 7.30 185 7.30
YoY growth of tanker tonnage
12.02% 2.00% 2.38% 0.00%
Bulk carriers
Additions 12 0.31 7 0.13 1 0.02 1 0.01
Deletions 10 0.29 5 0.15 5 0.13 - -
Total 122 3.32 124 3.31 120 3.20 121 3.20
YoY growth of
bulk carrier tonnage
0.61% -0.30% -3.32% 0.00%
Containers
Additions 6 0.10 6 0.18 1 0.02 - -
Deletions 2 0.03 - - 4 0.03 - -
Total 31 0.43 37 0.61 34 0.60 34 0.60
YoY growth of container tonnage
19.44% 41.86% -1.64% - -
Offshore vessels (OSV and PSV)
Additions 10 0.03 3 0.01 6 0.01 2 0.00
Deletions 2 0.00 11 0.02 3 0.01 2 0.00
Total 221 0.45 213 0.44 216 0.45 216 0.45
YoY growth of OSV tonnage 4.65% -2.22% 2.27% 0.00%
Dredgers
Additions 3 0.03 2 0.01 - - - -
Deletions 1 0.00 - - - - - -
Total 42 0.20 44 0.22 44 0.22 44 0.22
YoY growth of dredger tonnage
11.11% 10.00% 0.00% 0.00%
Grand Total 1372 12.35 1408 12.68 1429 12.75 1435 12.75
YoY growth of total Indian tonnage
8.05% 2.67% 0.55% 0.00%
Source: Director General of Indian Shipping (DGS)
*Grand total includes ships of other categories like passenger vessels, Ro Ro vessels, tugs, barges and some categories.
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