The report (SSMR issue 7) includes detailed statistical information on the world merchant fleet by ownership structures, including a comment on the latest developments. In addition, it contains approx. 30 general indicators on maritime economics and transport.

Editorial Team: Arnulf Hader, Reinhard Monden, Dieter Stockmann

(1) WORLD WORLD PASSENGER FLEET DEVELOPMENT 2010/2011

1.1 Passenger/Cargo Passenger Fleet Development 2010/2011 ...... 5
1.2 Ownership Patterns of the Passenger/Cargo Passenger Fleet 2011 ................. 6
1.3 Future Passenger and Cargo Passenger Tonnage Supply  7
1.4 The Shipbuilding Market for Passenger and Cargo Passenger Ships ................. 8
1.4.1 New Orders and Orderbook Development Passenger Ships ....... 8
1.4.2 Leading Shipbuilding countries ................. 9

(2) THE ISL CRUISE FLEET REGISTER – HIGHLIGHTS 2010/2011

2.1 Demand for Cruises .............. 9
2.2 Fleet Developments .............. 10
2.3 Ownership Patterns and Cruise Operators .. 11
2.4 Shipyard Dock Utilisation ....... 13

COMMENT - SUMMARY TABLES

Tab. 1 World Passenger and Cargo Passenger Fleet by Type
as of January 1st, 2007 and 2011 ............. 5
Tab. 2 World Passenger and Cargo Passenger Fleet – Tonnage Reductions 2006 – 2010 5
Tab. 3 World Passenger and Cargo Passenger Fleet – Tonnage Additions 2006 – 2010 6
Tab. 4 World Passenger and Cargo Passenger Fleet by gt-Size Groups
as of January 1st, 1991-2011 . 6
Tab. 5 World Passenger and Cargo Passenger Fleets by Top Ten Registered Flags
as of January 1st, 2011 ......... 6
Tab. 6 World Passenger and Cargo Passenger Fleets by Top Ten Countries of Domicile
as of January 1st, 2011 ......... 7
Tab. 7 World Passenger and Cargo Passenger Order Book by Top Countries of Build and
Delivery Schedule as of January 1st, 2011 . 9
Tab. 8 The Twelve Top Ranking Cruise Shipping Companies 2011 ....... 12
Tab. 9 Cruise Ships on Order as of August 1st, 1998 – 2011 ..... 13
Tab. 10 Cruise Ships on Order by Major Yards as of August 1st, 2011 .... 14
Tab. 11 Cruise Ships on Order by Major Operators as of August 1st, 2011 ................... 14

COMMENT - FIGURES

Fig. 1 World Passenger and Passenger Cargo Fleet additions
and reductions 1999 – 2011 .. 5
Fig. 2 World Passenger and Cargo Passenger Fleet by year of build
as of January 1st, 2011 ......... 5
Fig. 3 World Passenger and Cargo Passenger Fleet –average size Development
as of January 1st, 1990-2011  6
Fig. 4 Passenger and Cargo Passenger Fleet – Quarterly order book and new order
Development 2000 - 2011 ..... 7
Fig. 5 Passenger and Cargo Passenger Fleet – broken-up and new orders
by type 2006 – 2010 ............ 8
Fig. 6 Passenger and Cargo Passenger Fleet – share of the ordered Tonnage (gt)
on the existing Fleet as of January 1st, 1995 – 2011 ...... 8
Fig. 7 Passenger and Cargo Passenger Ships on order by country of build
as of January 1st, 2010 and 2011 ............. 9
Fig. 8 Global demand for cruise shipping in 2010  10
Fig. 9 European cruise Passengers by Country, 2010 ............... 10
Fig. 10 Active cruise Fleet as of July 1st, 1987 – 2011 ............... 10
Fig. 11 Passenger capacity of active cruise Fleet as of July 1st, 1987 – 2011 ............... 11
Fig. 12 Cruise Fleet by year of build as of July 1st, 2011 ............ 11
Fig. 13 Cruise Fleet by gt-size class as of July 1st, 2011 ............ 11
Fig. 14 World cruise Fleet - Development of the Top Ranking Registered
Flags 1999-2011 .................. 11
Fig. 15 World cruise Fleet - Development of the Top Ranking Countries
of Domicile 1999-2011 ............. 12
Fig. 16 Market Shares of the Major Cruise Ship Owners in 2011 . 12
Fig. 17 Cruise Ships Order Book Development 1999 – 2011 ...... 13
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ISL InfoLine Special

(1) ONLINE INFORMATION COMPILED FROM LEADING INDUSTRY SOURCES (2) ISL SEABASE – NEW LITERATURE ........... 13

ISL Statistical Tables

ISL WORLD CRUISE FLEET REGISTER

The ISL World Cruise Fleet Register 2011/2012 ............. 23
Cruise Ships on Order as of July 1st, 2011 . 34
Additions to Cruise Fleet During 2010 ....... 34

(1) WORLD CRUISE FLEET

1.1 Cruise Fleet Development 1985, 1990, 1995, 2000, 2005, 2010-2011 ............. 35
1.2 Cruise Fleet by Registered Flags 2010 and 2011 ............ 35
1.3 Cruise Fleet by Major Flags 1990, 1995, 2000, 2005, 2010 - 2011 ................. 36
1.4 Cruise Fleet by Countries of Domicile ........ 36
1.5 Cruise Fleet by Year of Build .. 36

(2) WORLD PASSENGER AND PASSENGER CARGO FLEET

2.1 Key Figures on Fleet Development ............ 37
2.2 Passenger / Passenger Cargo Fleet Development
by Ship Type 2006, 2008 - 2011 .............. 38
2.3 Passenger / Passenger Cargo Fleet by Major Flags
as of January 1st, 2010 and 2011 ............. 39
2.4 Passenger / Passenger Cargo Fleet by Country of Domicile
as of January 1st, 2011 ........... 40
2.5 Passenger / Passenger Cargo Fleet by Registered Flags and Countries of
Domicile According to Regions and Ship Type as of January 1st, 2011 .............. 41
2.6 Passenger / Passenger Cargo Fleet by Country Groups and Division of Age
as of January 1st, 2011 ......... 41
2.7 Passenger / Passenger Cargo Fleet by Ship Type and Division of Age
and Deliveries up to 2013 as of January 1st, 2011 ............ 42
2.8 By gt-size Class and division of Age as of January 1st, 2011 ...... 42
2.9 Additions to Passenger / Passenger Cargo Fleet
by Countries of Domicile 2006 - 2010 ........ 43
2.10 Passenger / Passenger Cargo Fleet – Size Dimensions as of January 1st, 2011 .. 43

(3) BROKEN-UP PASSENGER AND PASSENGER CARGO SHIPS

3.1 Broken-up Passenger / Passenger Cargo Ships by Major Types 2001 - 2011 .... 44
3.2 Broken-up Passenger / Passenger Cargo Ships by Major Flags 2001 - 2011 ...... 44
(4) SELECTED WORLD PASSENGER PORTS
4 Selected World Passenger Ports – Traffic 2006 - 2010 .... 45

(5) WORLD SHIPBUILDING – PASSENGER / PASSENGER CARGO SHIPS

5.1 Existing Total Passenger Fleet by Major Areas of Build as of January 1st, 2011 .. 46
5.2
Orderbook Development 2010 and 2011 ... 46
5.3 By Major Types and Country of Build as of January 1st, 2011 .... 47
5.4 By Shipyard and Major Ship Types as of January 1st, 2011 ....... 47
5.5 New Orders by Ship Type and Major Countries / Regions of Build 2007 - 2011 48
5.6 New Orders by Major Countries of Domicile 2007 - 2011 ......... 48
ISL Market Review....49-76