Actual situation of Polish shipyards

Actual situation of Polish shipyards

Grzegorz LandowskiShipbuilding & Shipping Ltd.

Gdansk, Poland.

National shipbuilding, maintenance, repair & conversion:National shipbuilding, maintenance, repair & conversion:

4 big domestic shipbuilding yards: 5 repair yards:- Gdynia Shipyard SA (Gdynia) - Gdansk Shiprepair Yard Remontowa SA- Gdansk Shipyard SA (Gdansk) - Shiprepair Yard Nauta SA (Gdynia)- Northern Shipyard SA (Gdansk) - Marine Shiprepair Yard (Swinoujscie)- Szczecin New Shipyard (Szczecin) - Szczecin Shiprepair Yard Gryfia SA

- Wisla Shipyard SA (Gdansk)

24 marine equipment suppliers 1 naval shipyard:3 other related institutions - Naval Shipyard Gdynia SA

Total number of leading maritime companies: 37

4 big domestic shipbuilding yards: 5 repair yards:- Gdynia Shipyard SA (Gdynia) - Gdansk Shiprepair Yard Remontowa SA- Gdansk Shipyard SA (Gdansk) - Shiprepair Yard Nauta SA (Gdynia)- Northern Shipyard SA (Gdansk) - Marine Shiprepair Yard (Swinoujscie)- Szczecin New Shipyard (Szczecin) - Szczecin Shiprepair Yard Gryfia SA

- Wisla Shipyard SA (Gdansk)

24 marine equipment suppliers 1 naval shipyard:3 other related institutions - Naval Shipyard Gdynia SA

Total number of leading maritime companies: 37

Source: Association of Polish Maritime Industries/CESA Annual Report 2005

Total employment in leading Polish maritime companiesas of 31.12.2005:Total employment in leading Polish maritime companiesas of 31.12.2005:

Source: Association of Polish Maritime Industries/CESA Annual Report 2005

Shipbuilding yards 14 650Maintenance, repair & conversion yards 4 250Marine equipment suppliers 5 800

Total 24 700

Shipbuilding yards 14 650Maintenance, repair & conversion yards 4 250Marine equipment suppliers 5 800

Total 24 700

Evolution of deliveries from Polish yards, 1998 - 2006 Evolution of deliveries from Polish yards, 1998 - 2006

Source: on the basis of CESA/AWES & other sources

Since 2003 the number of ships delivered has been dynamically growing up.

3734 34

2830

14

25

30

38

517,6

456,6

497,9477,6

497,6

288,2

448,6

565,9

520,9

0

5

10

15

20

25

30

35

40

45

50

1998 1999 2000 2001 2002 2003 2004 2005 2006(Q3)0

100

200

300

400

500

600

No of

ships

Tonnagex 1000 CGT

Evolution of exchange rate for PLN-USD, 2002 - 2006Evolution of exchange rate for PLN-USD, 2002 - 2006

Source: Table of the average exchange rate of the National Bank of Poland

08.200206.2003

09.200412.2004

05.2005 01.2006

10.2006

4,21 PLN

3,91 PLN

3,54 PLN

3,18 PLN 3,33 PLN3,15 PLN

3,09 PLN

0

0,5

1

1,5

2

2,5

3

3,5

4

4,5

PLN/

USD

ships contracted for delivery in 2004

restructuring programes being prepared

restructuring programes being adjusted and implemented

pending contracts being renegotiated

Exchange rate as of 10.11.2006 – 2,98 PLN for 1 USD!

New orders placed with Polish yards, 2004-2006New orders placed with Polish yards, 2004-2006

Source: CESA Annual Report 2005/AWES bulletin_4th 2006

51

22

31

400

246

1088,7

0

10

20

30

40

50

60

2004 2005 2006(Q3)0

200

400

600

800

1000

1200

No of

ships

Tonnagex 1000 CGT

Evolution of the total orderbook of Polish yards 1998 - 2006Evolution of the total orderbook of Polish yards 1998 - 2006

Source: on the basis of CESA/AWES & other sources

54

68

97

83

51

75

95

87

125

770

1080

20371915

1130

1620

2113

1661

2040

0

20

40

60

80

100

120

140

1998 1999 2000 2001 2002 2003 2004 2005 2006(Q3)0

500

1000

1500

2000

2500

No of

ships

Tonnagex 1000 CGT

Szczecin New Shipyard, orderbook as of 15.09.2006Szczecin New Shipyard, orderbook as of 15.09.2006

Source: Data provided by the shipyard

Total contractual value of USD 1,5 billionTotal no of ships: 34

21134 TEU23 700 18 500 gtMulti-purpose mpp cs7920 TEU18 25024 800 gtCon-ro51730 TEU23 00016 800 gtContainer ship

112800 TEU37 20032 000 gtContainer ship252 126 cbm39 850 29 965 gtChemical tanker

No of shipsCapacityDWTTonnageType

Ships (being) built at Szczecin New ShipyardShips (being) built at Szczecin New Shipyard

Source: SSN/Polish-built ships 2006

Type: container ship 3100 TEU, B 178No of ships: 34L.O.A 220,5 mGT: 35 881DWT: 41 850Owner: Peter Dohle Schiffsbeteiligungs GmbH&Co. KG, Germany

Type: multipurpose cargo vessel - B 587No of ships: 8L.O.A 185,4 mGT: 18 200DWT: 21 500Owner: Spliethoff Bevrachtingskantoor BV, Netherlands

Ships (being) built at Szczecin New ShipyardShips (being) built at Szczecin New Shipyard

Source: SSN/Polish-built ships 2006

Type: multipurpose con-ro 640 TEU, B 201-IINo of ships: 8L.O.A 205 mGT: 24 800DWT: 11 800Owner: Spliethoff’s Bevr. BV/Transfennica, Finland

Type: chemical parcel tanker, B-588No of ships: 8L.O.A 182,88 mGT: 29 965DWT: 39 842Capacity: 52 126 cbmOwner: Odfjell ASA, Norway

Gdynia Shipyard, orderbook as of 01.09.2006Gdynia Shipyard, orderbook as of 01.09.2006

Source: Data provided by the shipyard

Total contractual value of USD 1,5 billion and EUR 25 million.Total no of ships: 34

3-45 000 tMulti-cargo mpp cs278 500 cbm56 745 tLPG gas carrier42130 car units7 800 tCar carrier PC/TC

126600 car units21 000 tCar carrier PC/TC112700 TEU39 000 tContainer ship

No of shipsCapacityDWTType

Ships (being) built at Gdynia ShipyardShips (being) built at Gdynia Shipyard

Source: SSN/Polish-built ships 2006

Type: container ship, 4444 TEU, 8234-typeNo of ships: 3L.O.A 286,10 mGT: 51 350DWT: 49 100Owner: Rickmers Reederei GmbH & CO. KG/MSC

Type: container ship, 4546 TEU, 8276-typeNo of ships: 17L.O.A 291,66 mDraught 13,20 mDWT: 58 000Owner: MS Wiktoria Wulff John Peter Wulff

Schiffahrtsgesellschaft mbH&Co. KG Hamburg

Ships (being) built at Gdynia ShipyardShips (being) built at Gdynia Shipyard

Source: SSN/Polish-built ships 2006

Type: PCTC carrier 2130, 8245-typeNo of ships: 5L.O.A 145,6 mDraught 7 m DWT: 5800Owner: Ray Car Carriers Ltd., Isle of Man (Rami Ungar)

Type: PCTC carrier 6600, 8168-typeNo of ships: 26L.O.A 199,98Draught 10 mDWT: 21 000Owner: Ray Car Carriers Ltd., Isle of Man (Rami Ungar)

Gdansk Shipyard, orderbook as of 01.09.2006Gdansk Shipyard, orderbook as of 01.09.2006

Source: Data unofficial

(partly outfitted hulls)(partly outfitted hulls)6

No of ships

-13 800-Ro-ro/forest products//cassette carrier-4 75012 215 gtSeismic research//Geo Celtic ST 327

2732 TEU39 30032 300 gtContainer shipCapacityDWT TonnageType

Ships (being) built at Gdansk ShipyardShips (being) built at Gdansk Shipyard

Source: Polish-built ships 2006

Type: Ro-ro/forest products/cassette carrier, NB 450Range of work: aft and part of a midship section of TransTimberL.O.A 190,5 mBreadth 26 mDWT: 13 800Capacity: 2950 l.m.Owner: Transatlantic Rederi AB/Trans Lumi Line AB

Subcontracted from Aker Yards OY

Remontowa Group SA (Gdansk Shiprepair Yard Remontowaand Northern Shipyard), orderbook as of 15.09.2006Remontowa Group SA (Gdansk Shiprepair Yard Remontowaand Northern Shipyard), orderbook as of 15.09.2006

Source: Data provided by the shipyard

Total no of ships 25

17500 cbm61504000 GTLNG/LPG/LEG carrier

1---Fishery Protection Vessel

3535 TEU7000-Mpp cs/container carrier

1-46003000 GTOpen deck carrier

1--300 GTHarbour tag

5-1850 2200 GTAnchor Handling Tugs

8--300 GTIBEEV

2--2800 GTBuoy tenders

166/4504002612 GTRo-pax ferry

2400 pass.-873 GTPax ferry

No of shipsCapacityDWTTonnageType

Ships (being) converted at the Remontowa Group (Remontowa & Northern Shipyard)Ships (being) converted at the Remontowa Group (Remontowa & Northern Shipyard)

Source: Remontowa and other sources

Type: Willift Eagle (ex. Lucky Lady) Range of work: conversion of the tanker into a heavy-lift vesselL.O.A 199,33 m (243,85 m before conversion)Breadth moulded: 42Draught 8 m (for cargo - 19,5 m)DWT: 5800Owner: Awilco AS/Offshore Heavy Transport ASA, Norway

Type: Nordnes (ex. Rocknes) fallpipevessel converted into a new one

Range of work: complete reconstruction after capsizingL.O.A 166,3 mDWT: 28 115Loading capacity: 25 500 tOwner: Van Oord ACZ

Source: Remontowa and other sources

Type: Car-pax ferry No of ships: 2L.O.A 72,01 mBreadth moulded: 15,30 mGT: 2612DWT: 400Owner: Caledonian MacBrayne, Scotland

Type: Anchor Handling Towing VesselNo of ships: 8L.O.A 70 mBreadth moulded: 15,5 mDWT: 2050Bollard pull: 100/120/200 tOwner: Tidewater Marine Inc., USA

Ships (being) built at the Remontowa Group (Remontowa & Northern Shipyard)Ships (being) built at the Remontowa Group (Remontowa & Northern Shipyard)

Ships (being) built at the Remontowa Group (Remontowa & Northern Shipyard)Ships (being) built at the Remontowa Group (Remontowa & Northern Shipyard)

Source: Remontowa and other sources

Type: Icebreaking Emergency Evacuation Vessel, B-843No of ships: 8L.O.A 45,10 mBreadth moulded: 8 mDraught 2,10 mIce breaking cap. 0,6 mOwner: Agip KNCO/Eni SpA

Type: Multi-function Buoy TenderNo of ships: 2 (Galatea, Pharos)L.O.A 84,20 mBreadth moulded: 16,50 mDraught: 4,25 mOwner: Trinity House/Northern Lighhouse Board

UK, Scotland

Source: Remontowa and other sources

Type: passenger shuttle ferry, 1064-typeNo of ships: 2L.O.A 60,40 mBreadth: 11,40 mPass. capacity 400Speed: 14 knOwner: Moltzaus Tankrederi AS, Norway

Type: Multipurpose open deck carrierNo of ships: 1L.O.A 101,30 mBreadth: 18,80 mDWT: 4600Cargo deck area: 1500 m2/240 TEUOwner: OY Gaiamare AB/Meriaura OY

Ships (to be) built at the Remontowa Group (Remontowa & Northern Shipyard)Ships (to be) built at the Remontowa Group (Remontowa & Northern Shipyard)

Source: Remontowa and other sources

Type: Multi-purpose dry cargo/cantainer carrierNo of ships: 3L.O.A 121,50 mBreadth moulded: 18,20 mDWT: 7000TEU: 535Capacity: 9050 cbm

Type: LNG/LPG/LEG gas carrierNo of ships: 1L.O.A 117,80 mBreadth: 18,60 mDWT: 6150Capacity: 7500 cbmOwner: Anthony Veder Rederijzaken BV, The Netherlands

Ships (to be) built at the Remontowa Group (Remontowa & Northern Shipyard)Ships (to be) built at the Remontowa Group (Remontowa & Northern Shipyard)

Szczecin Shiprepair Yard GRYFIA, orderbook as of 01.09.2006Szczecin Shiprepair Yard GRYFIA, orderbook as of 01.09.2006

Source: the Shipyard

Type: Patrol VesselTonnage: 750 GT Owner: Remoy Management AS/ Norwegian Coast DirectorateNo of ships: 5

Naval Shipyard Gdynia, orderbook as of 01.09.2006Naval Shipyard Gdynia, orderbook as of 01.09.2006

Source: the Shipyard

Type: Fast Patrol Craft NS-935Displacement: 198 tOwner: Indonesian PoliceNo of ships: 5

Average wages at European shipyards in 2003Average wages at European shipyards in 2003

Source: J. Tholen, T. Ludwig, Shipbuilding in Europe, University of Bremen 2006

38 243 €

34 559 €

32 167 €

28 927 €

29 250 €

27 056 €

26 307 €

22 734 €

22 106 €

21 435 €

8 730 €

7 449 €

2 500 €

0 € 5 000 € 10 000 € 15 000 € 20 000 € 25 000 € 30 000 € 35 000 € 40 000 €

Denmark

Germany

Norway

Netherlands

UK

Finland

France

Greece

Italy

Spain

Croatia

Poland

Romania

Italy

Spa

in

Finl

and

Den

mar

k

Net

herla

nds

Fran

ce

Ger

man

y

Nor

way

Cro

atia

Pol

and

Rom

ania

285

224

203

155

111 106100 100

4939

0

79,9 86,2582,52

117,5

66,6

21,50

50

100

150

200

250

300

European shipbuilding average labour productivity in 2003European shipbuilding average labour productivity in 2003

Source: J. Bielinski, Strategic importance of shipbuilding industry for the European Union, European Shipyards Week 2006

Labour productivity of Polish shipyardswas significantly lower than in other European shipyards.

x 1000 EURCGT/person

In comparison to: Korea 132,5 CGT/person in 2003

Japan 89,4 CGT/person in 2003

In 2004 in Poland:29,2 CGT/person