Director at Oceania Horizon | Driving Operational Excellence in the Maritime Industry | President of Mission to Seafarers Brisbane
Numerous noteworthy insights are contained in this prospectus that warrant a thorough examination by those qualified to invest, but a few to note in the interim on one market Australia. In 2021, there were 26,400 ship port arrivals recorded by AMSA. According to a submission by Svitzer B2022/1726, over 90% of vessels calling at the Relevant Ports necessitate one or more tugboats for navigation assistance. Assuming an average of two tugboats per port arrival, including instances where multiple tugs are utilized for larger vessels, the following calculations could arise: 90% of 26,400 ship port movements equals 23,760 port arrivals requiring tug assistance. With an estimated two tugs per port arrival and an average interval of every three hours, this results in 47,520 chargeable movements for entry. Double this amount for departure. If we assume the same number of tugs is used that equals 95040 tug movements. Svitzer's claim of completing 50,000 tug movements annually on their Australian website positions them with a purported 52% market share on the above calculations. To note in their submission to the FWC asserts a 100% market share in the relevant ports, totaling 17 ports across Australia. The gross revenue in this document stands at $445 million AUD, with that contributing 34.6% (rounded) Of Svitzer's revenue; so a healthy contribution from one island. Based on movements and assuming the same tug charges for each movement then the Australian Tug market for harbour towage is in the region of $855 Million. The Compound Annual Revenue Growth (CARG) is estimated at 4.6%. therefore, it's assumed it could become a billion-dollar market in 2026. Interesting why there is so much movement in this sector, eclipsing the maritime pilotage market. There is money in them shackles. https://lnkd.in/gMHvnusd https://lnkd.in/gHzyTim7 The views expressed in this post are solely those of the author and do not necessarily reflect the views of any organization. Past performance is not indicative of future results. Always consider your own financial situation and risk tolerance before investing.
Today, Svitzer A/S (Svitzer) has published a prospectus forming the basis for admission to trading and official listing of the shares of Svitzer Group A/S (Svitzer Group) on Nasdaq Copenhagen, following the expected demerger of A.P. Møller - Mærsk A/S’ (APMM) towage and marine services activities. The demerger is subject to approval at APMM’s Extraordinary General Meeting convened to be held on 26 April 2024. Read the full press release at the link below 👇 #Svitzer
