Why Watertruck+

This overview provides a resumé of the fleet of dry cargo ships, belonging to investors located in Belgium on 31/12/2015 (source: ITB).

This shows there was a Belgian fleet of 706 dry cargo ships on 31 December 2015, with a total capacity of 988,138 tons. The average tonnage amounted to 1,568 tons.

The CEMT grade I-IV was comprised of 487 units, i.e. 69% of the entire fleet.

After completion of the project (2019), the size of the Watertruck+ fleet will be 31 units (28 barges + 3 push tugs), i.e. 3% of the total Belgian fleet of dry cargo ships or 5% of the total number in the segment CEMT grade I-IV.

Category

Motor ships

Number
Tonnage

25/250t

251/450t

451/650t

651/850t

851/1000t

1001/1500t

1501/2000t

2001/2500t

2501/3000t

3001t & +

0

135

75

56

34

187

56

43

43

77

0

49.559

42.587

40.894

31.590

231.534

94.532

96.034

118.662

282.746

More than 50% of the independent self-employed skippers is over 50, which results from the graph below (Source: RSZV, own compilation, 31/12/2014).

The number of independent inland shipping traders decreases year after year. In 2014 the population decreased with 53 units or 4% compared to 2013.

Threat

  • Current fleet is old and phasing out
  • Current fleet is very diverse which implies high design costs and unpredictable residual value
  • Aging workforce with limited influx
  • Limited economic attractiveness of IWT for shippers/receivers not located next to large fairways
  • No new builds due to the fragmented nature of the supply side and the current negative investment climate

Opportunities for Watertruck

  • New concept that attracts new cargo flows through an improved design
  • Standard design yet anticipating generic modifications: simple and cheap
  • Attracting new audience which prefers a more traditional, local lifestyle
  • A design and logistics concept that allows smaller units to penetrate the hinterland with an increased payload
  • Offering an investment opportunity in a standard product with a broad scope of applicaton and predictable resale value

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