Maritime trade volume classified by area
unit:                                        unit:million
 million ton
                            Export                   ton
                                                                      Import
  400                                                                                     Africa
                                                 800                                      Latin
   350                                                                                    America
                                                                                          Middle East
                                                 700
                                                                                          Oceania
   300
                                                 600                                      Europe
   250                                                                                    North
                                                 500                                      America
                                                                                          Asia
   200
                                                 400                                      China
   150                                           300
   100                                           200
    50                                           100
      0                                             0
            95 96 97 98 99 00 01 02 03 04 Year           95 96 97 98 99 00 01 02 03 04   Year
※1)China includes Hong-Kong.
※2)Asia excludes China and Hong-Kong
                             Maritime transport volume and loading shares
                     classified by Japanese-flagged and chartered foreign vessel
(1)Export
  Maritime transport volume                                                                                                          loading shares(%)
50                                                                                   transport volume by                                            100.0
         (million ton)
                                                                                     chartered foreign vessel
45                                                                                   transport volume by                                               90.0
                                                                                     Japanese-flagged vessel
                                                 42                                  loading shares by Japanese
40                                                                                   merchant fleet                                       40           80.0
                                     38                      38
         36              36                                                                                              37
35                                                                                                           35                                        70.0
                                                                         33
                                                                                            32
30                                                                                                                                                     60.0
25                                                                                                                                                     50.0
                                                      43.4
20            39.8            40.3        39.4                    38.4                                                                                 40.0
                                                                              34.4
                                                                                                 31.6                         32.2             32.3
15                                                                                                                30.4                                 30.0
10                                                                                                                                                     20.0
 5                                                                                                                                                     10.0
         3               2            2           2           1           2                  2               1            1                2
 0                                                                                                                                                     0.0
        1995            1996         1997        1998        1999        2000              2001            2002          2003            2004         (Year)
○Provided by Maritime Bureau, Ministry of Land, Infrastructure and Transport, Japan
                          Maritime transport volume and loading shares
                  classified by Japanese-flagged and chartered foreign vessel
(2)Import
      Maritime transport volume                                                                                 loading shares(%)
600          (million ton)                                                                                                       100.0
                                                                                                        491                              90.0
                                   416                           441                                                      487
500         377          390                 404       412
                                                                             429         430                                             80.0
                                                71.8      70.8
               70.0         70.4      70.2
                                                                      68.4                                    69.7                       70.0
400                                                                               66.6        66.4                             67.4
                                                                                                                                         60.0
300                                                                                                                                      50.0
                                                                                          transport volume by chartered
                                                                                          foreign vessel                                 40.0
                                                                                          transport volume by
200                                                                                       Japanese-flagged vessel
                                                                                          loading shares by Japanese
                                                                                          merchant fleet
                                                                                                                                         30.0
                                                                                                                                         20.0
100
            153          144       129       120       118       98                                                                      10.0
                                                                             85          76              64               60
  0                                                                                                                                      0.0
           1995         1996       1997      1998      1999      2000        2001        2002          2003               2004        (Year)
○Provided by Maritime Bureau, Ministry of Land, Infrastructure and Transport, Japan
The present condition and the policy of maintenance
                                                          about Japanese-flagged vessel
                   Transition of the Japanese merchant fleet
                                                                             (Unit:1,000 tons)
       Japanese-flagged vessel       Chartered foreign vessels                  Total
Year Number    Gross    Deadweight
                                     Number
                                              Gross    Deadweight
                                                                    Number
                                                                               Gross    Deadweight
       of                              of                             of
                tons       tons                tons       tons                  tons       tons
     vessel                          vessel                         vessel
1972   1,580   27,933     46,817       655    12,575     22,234     2,235      40,508     69,051
1978   1,204   33,030     57,272     1,290    32,288     59,568     2,494      65,318    116,840
1980   1,176   34,240     59,073     1,329    30,987     56,132     2,505      65,227    115,205
1990     449   20,406     33,163     1,543    36,910     58,036     1,992      57,316     91,200
1995     218   13,849     21,683     1,781    50,514     77,056     1,999      64,363     98,739
2000     134   10,098     14,384     1,905    59,040     88,144     2,039      69,138    102,527
2001     117    8,746     11,994     1,983    63,420     95,678     2,100      72,166    107,673
2002     110    8,303     11,281     1,878    61,482     90,578     1,988      69,785    101,859
2003     103    7,999     10,814     1,770    60,974     90,782     1,873      68,973    191,597
2004      99    7,569      9,944     1,797    62,967     93,319     1,896      70,536    103,263
1.The object of vessels is over 2,000 gross-tons.
2.Figures are in the middle of each year.
Profit and loss of Japanese major oceangoing shipping companies                                                                                                    income
                                                                                                                                                               (million dollar)
                25,000                                                                                                                                                      3,500
 Net revenue
(million dollar)                                                                                                                                                             3,250
                22,500
                                                                                                                                                                             3,000
               20,000                                                                                                                                                        2,750
                                                                                                                                                                             2,500
               17,500                                                                                                                                                        2,250
                                                                                                                                                                             2,000
               15,000
                                                                                                                                                                             1,750
               12,500                                                                                                                                                        1,500
                                                                                                                                                                             1,250
               10,000
                                                                                                                                                                             1,000
                7,500                                                                                                                                                        750
                                                                                                                                                                             500
                5,000                                                                                                                                                        250
                                                                                                                                                                             0
                2,500
                                                                                                                                                                             ▲ 250
                                                                                                                                                          (fiscal year)
                     0                                                                                                                                                       ▲ 500
                           1985 1986 1987 1988          1989   1990   1991   1992   1993   1994   1995   1996   1997   1998   1999   2000    2001   2002     2003    2004
   Income from              81 ▲ 292 ▲ 131 398           435    320    397    274    104    227    460    478    491    503    861   1,198    727    800     1,732   3,060
   operation
   Income before            54     ▲ 165 ▲ 9     313    302    204    214    189     43    111    337    320     374   363    657    1,085   651    721      1,659   3,154
   special items and tax
   Net income              ▲ 61 ▲ 225 ▲ 204       64    158    115     98     22    ▲ 32 ▲ 34      31     71    ▲ 123 ▲ 29    219    348     181    225      813     1,665
   for the year
   Net revenue             8,419   8,762 10,147 10,934 10,592 11,491 12,770 13,317 14,071 15,021 16,116 15,011 14,660 13,810 15,182 16,729 15,123 15,619 18,776 22,712
※These aren't consolidated account.
※The number of companies in this table has decreased by M&A.
 1985~1988:6 companies, 1989~1997:5 companies, 1998:4 companies, 1999~:3 companies
Support measures for oceangoing shipping industry in Japan
                 International Ship System
   ○ A International Ship System was introduced in 1996.
   ○ The number of vessels registered as the "International ship" is 91 in mid. 2004.
   ○ The purpose of this system is to enhance the competitiveness of
      Japanese flag vessels.
   ○ A vessel registered as "International ship" is required to be:
      ・Japanese-flagged vessel         ・Over 2,000 gross-tons
      ・Vessel used only for international transportation
      ・LNG tanker, RORO ship etc. equipped with advanced facilities
   ○ Support measures for "International ship" are:
      ・Preferential treatments about the registration tax
          "International Ship": Ordinary oceangoing vessel × 1/2 (2004FY~)
      ・Preferential treatments about the property tax
          "International Ship": Ordinary oceangoing vessel × 2/5
       ・Recognition system for the holder of a certificate issued
        by a party to the STCW convention
          Introduced in May 1999
          Not applied to the captain and chief engineer
          The number of qualified foreign seafarers approved by the Minister of
          Land, Infrastructure and Transport : 1,692 in March 2005
   ○ The other support measures related to "International Ship" are:
      ・Special depreciation system
        Enviromental conveniences (Well-equipped) vessel :18%
         (c.f. coastal:16%)
      ・Preferential treatments about the property tax
        Containers for oceangoing : Tax base × 4/5
 the number of vessel
                           The number of Japanese-flagged vessel
  700 640
  600         532
                                                  The introduction of
  500               449                       International Ship System
                          419
  400                           376
                                      340
                                            280
  300
                                                  218 191
                                                          182 168 154
  200                                                                 134 117 110
                                                                                  103 99
  100
     0
         88    89   90    91    92    93    94    95   96   97   98   99   00   01   02   03   04 year