What’s new??
MHI-MME Activities
June 2016, Athens
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Comprehensive Product Portfolio of MHI-MME
Water Jet Pumps
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
1
New Technologies and Products
State of the Art UE Engine
6UEC50LSH-Eco-C2
Solution for Tier III regulation
Low Pressure EGR System
Air cooler
Turbocharger
EGR Scrubber
Demister
Pipe (EGR blower
to Turbocharger)
Overview of latest UEC Engine type
UEC50LSH for MRT, CT, 34-60BC, etc.
Overview of 6UEC45LSE-Eco-B2
with Low Pressure EGR System
© 2015 MITSUBISHI HEAVY INDUSTRIES MARINE
MACHINERY & ENGINE CO., LTD. All Rights Reserved.
2
New Technologies and Products
Solution for CO2 reduction
and fuel oil cost saving
ORC (Organic Rankine Cycle) System
Overview of ORC System on board
(125kW Unit)
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
3
Licensees of MHI-MME
UE engine
・HHI
UE engine
・QMD
・YMD
・ZYHM
MET Turbocharger
・HHI
・Doosan Engine
・STX Heavy
Steering Gear,
Deck Crane,
Deck Machinery
・JMHI
Main Turbine
・HHI
Aux Boiler
・JHT
Gen Turbine
・JQT
Propeller
・CZZH
Steering Gear
・Yoowon
UE engine
・SBIC
（BDD）
UE engine
・Kobe Diesel
・Akasaka Diesel
・Ube Techno Eng
Deck Crane
・SPP
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
4
Global Network
MHIE(London, UK)
MHIK (Busan, Korea)
MHIA (LA, USA)
MHI-MME
(Tokyo, Nagasaki,
Kobe)
Consultant
(Hamburg, Athens)
MHI-AP (Singapore)
MHI A/S Field Engineer Local Office
(London / UK) (Singapore) (LA/US)
(Shanghai / China) (Busan / Korea)
Parts Depot Center
(Hamburg, Germany) (Dubai, UAE)
(Singapore)
MHI-SH (Shanghai, China)
MHI (A/S Service Station)
Maintenance Partners (Belguim)
World-wide Service Location
(Authorized Repair Agencies)
© 2015 MITSUBISHI HEAVY INDUSTRIES MARINE
MACHINERY & ENGINE CO., LTD. All Rights Reserved.
5
What’s new??
Market status and Japanese
Shipping/Shipbuilding Status
June 2016, Athens
© 2015 MITSUBISHI HEAVY INDUSTRIES MARINE MACHINERY & ENGINE CO., LTD. All Rights Reserved.
What to think ???
Headaches for global market players
Stagnant Global Economy
Low ClarkSea Index
Depreciation of Assets
Increases in Vessel Lay-ups
Over Supply and Weak Ordering
Over Building Capacity
Environmental Regulation Timeline
“The Thinker”
(“Le Penseur”)
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
7
Global Shipping Market Overview
World Fleet, Supply-Demand Balance
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
8
Global Shipbuilding status
Historical Contract & Forecast (No. of vessels > 2000GT)
Shipbuilding contracts in 2016
and 2017 is estimated to be in
historical low level. (Less than
1,000 vessels in 2016)
Contracting remains below the
historical average throughout
the forecast period.
(less than 2,000 vessels p.a.)
Above negative situation will be
equally fair to all shipbuilding
regions.
Source : Clarkson Research
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
9
Global Shipbuilding status
Historical Deliveries (No. of vessels > 2000GT by region)
(Including Cruise, Offshore, Dredgers)
2011
Japan
Korea
China
Others
Total
2012
2013
2015
2014
487
467
395
392
401
21%
Steady and stable,
smallest decline
546
461
386
321
354
18%
Loosing market, suffering
financial problems
1426
1372
909
745
747
39%
Loosing market, under
allignment of over capa.
628
591
536
489
426
22%
No expansion in Brazil,
Vietnam, Turkey, India
3087
2891
2226
1947
100%
94%
72%
63%
(100)
(100)
(100)
(100)
(96)
(84)
(96)
(94)
(81)
(71)
(64)
(85)
(80)
(59)
(52)
(78)
(82)
(65)
(52)
(68)
1928 100%
62%
Source : Clarkson Research
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
10
Global Shipbuilding status
Historical Deliveries (No. of vessels > 2000GT by region)
(Excluding Cruise, Offshore, Dredgers)
2011
Japan
Korea
China
Others
Total
2012
2013
2015
2014
478
457
381
372
387
27%
Share jumps up in ocean
going merchant vessels
514
448
374
285
332
23%
Loosing market, suffering
financial problems
1229
1205
743
558
574
39%
Loosing market, under
allignment of over capa.
357
318
217
180
164
11%
Including Japanese &
Korean overseas yards
2578
2428
1715
1395
100%
94%
67%
54%
(100)
(100)
(100)
(100)
(96)
(87)
(98)
(89)
(80)
(73)
(60)
(61)
(78)
(55)
(45)
(50)
(81)
(65)
(47)
(46)
1457 100%
57%
Source : Clarkson Research
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
11
Global Shipbuilding status
Deliveries vs New Orders (No. of vessels > 2000GT by region)
Deliveries vs New Orders on 2015 (Including Cruise, Offshore, Dredgers)
Deliveries
New Orders
Japan
Korea
China
Others
Total
401
21%
363
27%
No change in the position as the most
stable region.
354
18%
276
21%
Accelerating consolidation and "entering
court receivership".
747
39%
459
35%
Concentrating to big state owned yards
and accelerating consolidation.
426
22%
229
17%
Still far away to find out the fourth new
region as the leading shipbuilder.
1928
100%
1327
100%
(100)
(100)
(100)
(100)
(100)
(91)
(78)
(61)
(54)
(69)
Quite low market level and expected to be
worse in new orders of 2016 and 2017
Source : Clarkson Research
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
12
Steadiness of Japanese Shipbuilding
Strong fundamentals
Stable economy and trades(Import/Export)
Stable shipowners, operators and investors
Stable technology providers and suppliers
(Established maritime cluster)
Opportunities
Ex-nuclear policy
Less orders in offshore sectors
Less orders of vessels in speculation
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
13
Steadiness of Japanese Shipbuilding
Top Owners by Location (million GT)
Source : Clarkson Research
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
14
Steadiness of Japanese Shipbuilding
Top Investors by Location (billionUS$)
Source : Clarkson Research
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
15
Steadiness of Japanese Shipbuilding
Number of Yards to Win at least One Contract
Source : Clarkson Research
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MACHINERY & ENGINE CO., LTD. All Rights Reserved.
16
© 2015 MITSUBISHI HEAVY INDUSTRIES MARINE
© 2015 MITSUBISHI HEAVY INDUSTRIES MARINE MACHINERY & ENGINE
CO., LTD. All Rights Reserved.
MACHINERY & ENGINE CO., LTD. All Rights Reserved.
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