So in this sequence, we will look in a bit more detail into some of the components of our index and also some example at some countries how the liner shipping connectivity is developed in some selected countries. So again, even the components we can index and if you look at the development of the largest ship size, how the ship sizes have increased, and how the total container carrying capacity. It's called TEU which stands for 20 foot equivalent unit. This has really grown tremendously. Whereas, the number of companies and the number of services has actually gone down. And then these are global averages that you see on the screen. In other global average, could be, again, comparing the number of companies which is the blue line which with, for example, the number of containers or the container carrying capacity offered per shipping line per company. So you see the number of companies going down, and each company's size, each company's container carrying capacity in each country is going up. And by forcing these different, these five components into one index, of course, you realize that we actually mixing components, some go up, some go down. On average, our AACI has been going up over the last years since 2004. The latest data we have is now for 2016. May 2017 you have the next one. So. Anyway, I think we got the right mix with these five components. They do, on average, reflect a positive development. But of course, if you want to do more detailed analysis, you have to look again at the components. But if you want to see the big picture, you look at individual countries, and also the data from our index of the components gives us some interesting insights into the global trends in the liner shipping network. So the global trend is, I would say, it's mixed. On the positive side, we have larger ships and more container carrying capacity. So we have economies of scale and the total supply has gone up. So this is good news for trade. It's good news for importers and exporters, for countries' connectivities. On the more negative side, we do see a reduced level of competition. This is not really a problem for the larger countries, for the European countries, or for Japan, or for China. Whether you have 30 or 20 companies competing doesn't make a big difference. But if you are a very small, small island development state, if you are Fiji or St. Lucia, or the Comoros, and the number of providers may have gone down from three to two or from two to one. Then all of a sudden, you're confronted with oligopolist or monopolistic situations. So the data and the global trends are actually interesting in themselves and help us to describe the big picture in the global shipping network. We can now go into more detail, we look at specific countries. You can see on this screen the green line is China. As I had explained, 100 per definition that is how we defined it. China has the AACI of 100 in 2004, and since then has improved. We see how other countries have also overall improved. Not all of them. You see the dark blue line here is the global average. There is an improvement. And you can look up your own country on our websites, you just go to the stats.on.org/aaci or the Maritime. The link was found earlier, and you can do these charts with selected countries, you will see your own country here, what does your country's development in this global shipping network. I'm going through some of these examples now and see this one how Vietnam, for example, has improved a lot. So this is a clear indication of how some countries have improved their trade competitiveness and at the same time improve their position in the network. So this concludes the presentation on country level connectivity, that position of countries within the global network, how this has been developing since 2004. And in the next sequence, as we will look at the connectivity between pairs of countries which adds another level of complexity and interesting insights.
