WORLD COMMERCIAL & MILITARY SHIPPING INVENTORY

 

1.	MERCHANT MARINE VESSELS	NO. VESSELS	APPRO x GRT
	Cargo vessels	71,207	387,917,398
	Passenger vessels	248	4,475,180
		71,453	392,392,578

 

2.	NAVAL & COAST GUARD VESSELS	NO. VESSELS	APPRO x GRT
	Submarines 750 tons	945	708,750
	Destroyers 4000 tons	382	1,528,000
	Corvettes & Frigates 2000 tons	865	1,730,000
	Aircraft carriers 70000 tons	35	2,450,000
	Battleships 60000 tons	4	240,000
	Cruisers 30000 tons	95	2,850,000
	All other *1000 tons	12,832	12,832.000
		15,158	22,338,750

 

TOTAL VESSELS/GRT **

86,613

414,731,328

* Patrol craft, torpedo boats, tankers, tenders, mine sweepers, auxiliaries.

** Survey figures exclude nations with nominal tonnage.

 

 

 

ANTI-FOULING COATINGS USAGE COMPUTATION

 

Assume a 6' x 15' hull with 3' of freeboard and a 2' draft.

 

To compute gross registered tonnage (GRT):

•• 6' x 15' x 5' = 450 x .67 = 300 ft³ within the hull

•• 300/100 = 3 GRT

 

To estimate square meters of surface coating:

beam 5' x 15' x 2 = 150 ft²

bottom 6' x 15' x 1 = 90 ft²

stem 6' x 5' x 1 = 30 ft²

270 x .67 = 180 ft² x 0.092903 = 16.72 m²

 

To compute estimated coating usage per application to oceangoing vessels:

•• Multiply GRT by 16.72 m² = GRT x 5.57 = m² total coverage

3GRT

•• Multiply m² total coverage x 25% = SL1000 (underwater) coating requirement in m²

•• Multiply SL1000 usage in m² x 0.215 = liters SL1000 required

 

 

EXAMPLE

 

25,000 ton vessel (the SS Fair Princess)

SS Fair Princess (Princess Cruises/P&O Lines, registered in Monrovia, Liberia); 
ship's official measurements in feet:

Max length of hull 608'(L)

Max width of beam 80'(W)

Draft from Plimsoll line to bottom of keel 29'

Height from Plimsoll line to top of super ­ structure 80'

Total height 109'(H)

 

Conversion Factor Computation:

 

GRT=(LxWxH)/100

GRT=(608x80x109)/100 = 24,724

25,000 x 5.57 = 139,250 m² total coverage

 

139,250 m² x 25% = 34,812 m² x 0.215 = 7,485 liters SL1000 or SL2000 (one coat)

 

COMMERCIAL & NAVAL COATINGS USAGE ESTIMATE

 

MARITIME TONNAGE: 392,392,578

NAVAL TONNAGE: 22,338,750

TOTAL: 414,731,328 GRT

ESTIMATED COATING REQUIREMENTS:

414,731,328 x 5.57 = 2,310,053,497 m² total coverage

2,310,053,497 x 0.25 = 577,513,374 m² underwater

577,513,374 m² x 0.215 = 124,165,375 liters SL1000

 

 

ESTIMATED ANNUAL MARKET:

(assuming a mean 1.5 - 2 year effective life span for contemporary coatings)

124,165,375 liters

 

2 years = 62,082,685 liters underwater paints

578,668,401 liters or 144,667,100 gallons

 

 

SUMMARY OF WORLD MARKET POTENTIAL

Although the preliminary survey does not project potential sales of anti-foul paints, the magnitude of world maritime usage (estimated in excess of 175 million liters per year for military, commercial and tanker fleets plus a like volume for non-commercial and privately owned craft, totaling 350 million liters per year) represents a highly significant market.

A combination of proven products, superior in quality and environmental safety factors to existing materials, plus a well defined marketing plan and resources to service the maritime industry, should provide the basis for an extremely favorable return on investment.

 

 

Miscellaneous Pricing Information

 

A 25-28 foot hull requires approximately 4 liters (1 gallon) of paint (copper, copper-nickel or vinyl-copper based) ranging in wholesale price between $20 to $32 per liter in 4 liter pails. These paints retail between $40 and $52 per liter ($160 - $225 per gallon).

By comparison, SeaPro paints would require approximately 3.6 liters to coat the same hull (10% less paint required).

1 gallon of SeaPro C001 will paint a 30 foot hull.

25,000 ton vessel (SS Fair Princess, P&O Line)

608’’ hull length 80’’ beam Draft (from Plimsoll line to bottom of keel) 29’’

1,875 gallons of SeaPro C001 required to paint below Plimsoll line.

 

SeaPro wholesale prices should be approximately $120 to $195 per gallon. They should be retailed between $185 and $255 per gallon.