Page 38 - INTERCARGO - Annual Report Report 2022 - 2023

ANNUAL REVIEW

Membership INTERCARGO fleet performance &

operational excellence

Membership evolution INTERCARGO, through its members, is committed to operational excellence in the

The Association’s Membership recorded a significant increase during the present Annual Review’s areas of safety, security, health and the environment. INTERCARGO maintains a
reporting period (last 12 months) reaching new historic high levels at the end of it (August 2023). robust and strict policy for entry which, by design, exceeds industry averages. In
2022, vessels entered with INTERCARGO consistently bettered industry perfor-
This increase is attributed to continued membership expansion (please refer to number of members
mance indicators in terms of both deficiencies and detentions, however the indus-
in graph below), while through to 2023 also to the revision of membership terms, as Full members
try as a whole showed a steady increase in detention rates which, while not a ma-
have been registering their entire fleets.
jor cause for concern, does show a disappointing trend upwards. Equally it should
As a result (please refer to registered ships evolution in graph below), the registered fleet has reached be noted that deficiencies per inspection rates continue on a flat line.
the 3,300 ships mark, corresponding to about 33% of the global dry bulk fleet on deadweight terms The annual benchmarking of INTERCARGO’s entered fleet versus the rest of indus-
(this percentage was less than 25% only 12 months ago). try is shown in the tables below.

Throughout the worldwide pandemic and the crisis in Ukraine, INTERCARGO has
last 12 months
Number of Member companies
ensured that members have been continually kept up to date with relevant develop-
180 ments and have been able to maintain their focus on quality operations throughout.
160
140
120 Year INTERCARGO - entered fleet Non-INTERCARGO fleet Global bulk carrier fleet
100 detention rate as % detention rate as % detention rate %
80
60 2016 1.5 2.1 2.0
40
20 2017 1.2 2.0 1.8
0
12.2016 12.2017 12.2018 12.2019 12.2020 12.2021 12.2022 08.2022 08.2023 2018 1.4 2.0 1.9
Full Members 2019 1.2 2.0 1.8
Registered ships evolution last 12 months
3,500 Associate Members 2020 1.6 1.9 1.8
3,000 2021 1.8 2.5 2.4
2,500 2022 2 3 2.9
No of ships
2,000 Average 1.5 2.2 2.1
1,500 mil dwt
1,00
Year INTERCARGO-entered fleet DPI Non-INTERCARGO fleet DPI Global bulk carrier fleet
500
Registered ships (LH) DPI
0 dwt registered (RH) 2016 1.27 1.85 1.73
12.2016 12.2017 12.2018 12.2019 12.2020 12.2021 12.2022 08.2022 08.2023
2017 1.3 1.86 1.73

Registered ships as % of global last 12 months 2018 1.23 1.82 1.69
dry bulk fleet
2019 1.17 1.71 1.59
35%
30% 2020 1.11 1.6 1.52
25%
20% 2021 1.12 1.62 1.51
15% 2022 1.18 1.6 1.52
10% basis number
5% Average 1.2 1.72 1.61
0% basis dwt
12.2016 12.2017 12.2018 12.2019 12.2020 12.2021 12.2022 08.2022 08.2023

 Source: INTERCARGO Benchmarking Bulk Carriers, 2020-2021, 13th Edition
36 37