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.
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