The report (SSMR issue 3) includes detailed statistical information on the world tanker fleet and as well as liquid bulk shipping and trade, including a comment on the latest market developments. In addition, it contains approx. 30 general indicators on maritime economics and transport.

ISL Comment – World Tanker Market

(1) WORLD TANKER FLEET

1.1 Tanker Fleet Development by Type . 3
1.2 Age Profile of the World Tanker Fleet  4
1.3 Size Dimensions of the World Tanker Fleet ... 4
1.4 Ownership Patterns of the World Tanker Fleet ... 4
(2) TANKER MARKET FUNDAMENTALS
2.1 Oil and Gas – Production and Consumption Patterns . 5
2.2 Seaborne Oil/Oil Products Trade and Port Traffic .. 6
2.3 Tanker Rates and Prices . 6
(3) FUTURE TANKER TONNAGE SUPPLY
3. Future Tanker Tonnage Supply  7
(4) THE WORLD TANKER SHIPBUILDING MARKET
4.1 New Orders and Order Book by Tanker Types ... 8
4.2 Leading Shipbuilding Countries  9

SUMMARY TABLES - COMMENT

Tab. 1 World Tanker Fleet by Type 2007 and 2011 .. 3
Tab. 2 World Tanker Fleet – Reductions by Type 2007 – 2010 ... 3
Tab. 3 World Tanker Fleet – Newbuilding Additions by Type 2007-2010  4
Tab. 4 World Tanker Fleet – Average Age by Type and Size Class 2007 and 2011 .. 4
Tab. 5 World Tanker Fleet and Tanker Order Book by Size Class and Type 2011  5
Tab. 6 Largest Tankers per Type Category 2011 . 5
Tab. 7 World Tanker Fleet by Type According to National and Foreign Flag 2007, 2010 and 2011 6
Tab. 8 Demolition and Contracting Prices of VLCC Tankers 1996 - 2010  7
Tab. 9 World Tanker Order Book - New Tanker Orders by Type During 2006 – 2010 .. 8
Tab. 10 World Tanker Order Book by Type and Major Countries of Build 2007 and 2011 .. 9

FIGURES - COMMENT

Fig. 1 World Tanker Fleet – Annual Tonnage Changes 1996- 2011 ... 3
Fig. 2 World Tanker Fleet – Additions and Reductions 1994 – 2010 .. 3
Fig. 3 World Tanker Fleet – Age Structure by Major Types 2011 .. 4
Fig. 4 World Tanker Fleet – Ship Size Development of Selected Ship Types 1990 – 2011  4
Fig. 5 World Oil Consumption and Production 1986 – 2009 . 6
Fig. 6 World Oil Demand by Region 2009 .. 6
Fig. 7 Development of Crude Oil Spot Prices (Weekly Averages) 2008 - 2011 ... 6
Fig. 8 Seaborne Crude Oil Trade from Middle East/Gulf by Direction in 2009 . 7
Fig. 9 Liquid Bulk Imports of Selected Ports by Countries ... 7
Fig. 10 Monthly Tanker Freight Rates for Selected Tanker Markets January 2007 - February 2011 7
Fig. 11 World Tanker Fleet-Share of the Ordered Tonnage on the Existing Fleet 1994-2011 .. 8
Fig. 12 Oil Tanker Fleet-Quarterly Development of New Orders and Broken-up Tonnage 2003–2010 8
Fig. 13 Chemical Tanker Fleet - Quarterly Development of New Orders and
Broken-up Tonnage 2003–2010 ... 8
Fig. 14 Liquid Gas Tanker Fleet-Quarterly Development of New Orders and
Broken-up Tonnage 2003–2010 ... 9
Fig. 15 Quarterly Tanker Order Book Development 2003 – 2011 ... 9
ISL InfoLine Special – World Tanker Market
ISL Statistical Tables– World Tanker Market

(1) WORLD TANKER FLEET

1.1 Key Figures on World Tanker Fleet by Ship Type and Size Class 2011 . 15
1.2 World Tanker Fleet Development by Type 2007 - 2011 ... 18
1.3 Total Tanker Fleet by Ownership Patterns . 19
1.3.1 Total Tanker Fleet by Major Flags 2010 and 2011 . 19
1.3.2 Total Tanker Fleet by Country of Domicile 2011 . 20
1.3.3 Total Tanker Fleet by Registered Flag 2011 and Country of Domicile According to
Country Groups and Type 2007 ... 21
1.3.4 Total Tanker Fleet by Registered Flag and Country of Domicile According to
Regions and Type 2007 and 2011  22
1.3.5 Total Tanker Fleet by Type and Top Ten Countries of Domicile 2011  23
1.4 Broken-up Tankers . 24
1.4.1 Broken-up Tankers by Ship Type January 2001 - December 2010 ... 24
1.4.2 Broken-up Tankers by Major Flags 2001 - 2010 (Cumulated) . 24
1.4.3 Broken-up tankers by Size Class 2001 - 2010 (Cumulated)  24

(2) TANKER FLEET MARKET SEGMENTS

2.1 Oil Tankers .. 25
2.1.1 By Country of Domicile 2011  26
2.1.2 By Country Groups and Division of Age 2011  26
2.1.3 Additions to Fleet by Top Countries of Domicile During 2007 - 2010  26
2.1.4 By Size Class and Division of Age 2011 and Delivering up to 2011 .. 27
2.1.5 Size Dimensions 2011  27
2.2 Chemical Tankers ... 28
2.2.1 By Country of Domicile 2011  28
2.2.2 By Country Groups and Division of Age 2011 .. 29
2.2.3 Additions to Fleet by Top Countries of Domicile During 2007 - 2010  29
2.2.4 By Size Class According to Year of Build 2011 ... 30
2.2.5 Size Dimensions 2011  30
2.3 Liquid Gas Tankers . 31
2.3.1 By Country of Domicile 2011  31
2.3.1 By Country Groups and Division of age 2011  32
2.3.3 Additions to Fleet by Top Countries of Domicile During 2007 - 2010  32
2.3.4 By Size Class According to Year of Build 2011 ... 33
2.3.5 Size Dimensions 2011  33

(3) TANKER MARKET – SHIPPING COSTS AND PRICES

3.1 Second Hand Prices of Tankers, Average Values 1996 - 2010  34
3.2 Contracting Prices for Newbuildings 1996 - 2010 .. 34

(4) COMMODITIES, SEABORNE TRADE, PORTS

Commodities
4.1 Oil Production, Consumption and Reserves .. 35
4.1.1 Development of the World Crude Oil Production 2003-2010 ... 35
4.1.2 Development of the World Oil Demand 2003-2010 ... 35
4.1.3 Major Oil Producing Countries 1985, 1990, 1999-2009 ... 36
4.1.4 Major Oil Consuming Countries 1986-2010 ... 36
4.1.5 Leading Refining Countries 1986-2010 .. 37
4.1.6 Major Oil Reserves 1985, 1990, 1999-2010 .. 37
4.2 Gas Production, Consumption and Reserves . 38
4.2.1 Major Gas Producing Countries 1985, 1990, 1999-2009 . 38
4.2.2 Major Gas Reserves by Country 1985, 1990, 1999-2009  38
4.2.3 Leading Natural Gas – Trade Movements 2009 .. 39
4.2.4 Liquified Natural Gas – Consumption by Major Countries 1996-2009 .. 39
4.3 Seaborne Trade
4.3.1 Seaborne Crude Oil Trade by Exporting Area 1985, 1990, 1995, 1998-2009  40
4.3.2 Seaborne Crude Oil Trade by Importing Area 1985, 1990, 1995, 1998-2009  40
4.3.3 Export-Import Matrix 2009 .. 40
4.4 Ports ... 42
4.4.1 Development of Total Liquid Bulk Traffic at Major Oil Importing Ports 1998 - 2009 ... 42

(5) FUTURE TANKER TONNAGE - TANKERS ON ORDER

5.1 Existing World Merchant Fleet by Ship Type and Major Areas of Build 2011  43
5.2 Order Book Development by Ship Type 2007 - 2011 . 44
5.3 Tankers on Order by Major Countries of Build and Ship Type 2011 .. 44
5.4 Tankers on Order by Type and Delivery Schedule 2011 .. 45
5.5 Tankers on Order by Top Country of Build and Delivery Schedule 2011 ... 45
5.6 Tankers on Order by Ship Ship Yard and Delivery Schedule 2011  45
5.7 Additions to Orderbook by Ship Type  46
5.7.1 Additions to Orderbook by Ship Type and Major Countries of Build 2003 - 2010 .. 46
5.7.2 Additions to Orderbook by Ship Type and Major Country of Domicile 2003 - 2010  47

FIGURES – STATISTICAL TABLES

Fig. 1 Contracting Prices for Newbuildings 1991 - 2010 .. 34
Fig. 2 Development of Natural Gas Production 1982 - 2009  38
Fig. 3 Seaborne Crude Oil trade by Region 1996 - 2009 . 41
Fig. 4 Liquid Bulk Imports at Major Ports by Region 1991 - 2009 . 42