Sweden from a shipping point of view - FONASBA · Stena Line Stena Drilling Shipping Stena...

Sweden from a shipping point of view

FONASBA 45th Annual Meeting, Gothenburg.

Carl-Johan Hagman, CEO Shipping, Drilling and Ferries, Stena ABand Ferries

THE STENA SPHERE

Figures 2013

Stena AB

Stena Line Stena Drilling Shipping Stena Fastighet Stena Adactum Stena Finance

STENA AB

Stena Line Stena Drilling Shipping Stena Fastighet Stena Adactum Stena Finance

Stena Bulk Stena RoRo NMMStena Teknik

STENA LINE – EUROPES LEADING LOGISTICAL NETWORK

•• Tradition since 1946Tradition since 1946

•• Stena operates 60 vessels on 22 linesStena operates 60 vessels on 22 lines

•• Important part of European tradeImportant part of European trade

•• Every year we moveEvery year we move

15 million passengers15 million passengers

3 million 3 million veichelsveichels

2 million freight units2 million freight units2 million freight units2 million freight units

THE SKAGERRAK HERRING

ADMIRAL LORD JAMES DE SAUMAREZ (1757 – 1836)

SWEDISH SHIPPING BY THE NUMBERS

• Abt. 100 commercial ports

• Today 125 ship-owners owning 500

vessels of which 107 with Swedish flag

• Employs 120,000 persons• Employs 120,000 persons

• 72% of all export/import go by sea

• Europe’s longest coastline

SWEDISH TONNAGE IS SLIPPING

Swedish ship-

owners

association -

targets for

20202020

EUROPEAN CONTROLLED FLEET EXPANDED 70% LAST DECADE

SHIPPING FACILITATES TRADE AND PROSPERITY

135%

180%

Increase in world GDP in

the last two decades

Increase in world seaborne

trade over the same period

MARITIME TRADE WILL CONTINUE TO EXPAND (ALONG WITH GLOBAL GDP AND POPULATION)

Sources: IHS, OECD, UN

….IN A SUSTAINABLE WAY

90% of world trade is seaborne

The merchant fleet today :

• More than 50,000 ships

• Registered in 150 countries

• One million seafarers

CO2 emissions by means of transport

• One million seafarers

• Less than 4% of the global CO2

emissions

• Fuel consumption per vessel

decreased by 50% the last 15

years

Air freight

Large truck

Freight train

Product tanker

Source : IMO

80000

100000

120000

140000

2012

Aframax in Baltic and North Sea, USD/day

VOLATILE MARKETS – TIMING IS KEY

-20000

0

20000

40000

60000

03/jan 03/feb 03/mar 03/apr 03/maj 03/jun 03/jul 03/aug 03/sep 03/okt 03/nov 03/dec

2013

2014

FUEL TODAY COSTS MORE THAN SHIPS

Source Clarkson Research

SECA, SULPHUR EMISSION CONTROL AREA

ENVIRONMENTAL IMPACT FROM MARINE FUELS

80%

100%

120%

HFO (1%)

0%

20%

40%

60%

CO2 SO2 NOX PM

HFO (1%)

MGO (0,1%)

LNG

MeOH (NG)

CARBON DIOXIDE SULPHUR NITROGEN DIOXIDE PARTICULATE MATTER

WAYS OF MEETING THE SULPHUR DIRECTIVE

1. Run on Marin Gas Oil (MGO) with 0,1% sulphur

2. New types of fuel: LNG, Methanol, Electricity

3. Install exhaust gas cleaning equipment: Scrubbers

4. Reduce operations and adjust to the new situation

The solution will be a combination of the above

By adding one oxygen atom a new substance, easier to

handle than LNG, is created - METHANOL

Natural Gas (LNG) Methanol

H

HO

HH

HC

Methane CH4CH3OH

H

HH

HC

EVOLUTION

SMALL ENOUGH TO CARE – LARGE ENOUGH TO COPE

We care, we innovate, we perform

- that’s what unites us.