Page 136 - Annual Review 2020
P. 136
8.
Indian National Shipowners’ Association
WORLD BULK CARRIER MARKET CYCLE
Ship type
Market rate indicator
2000-19 Average value
2019
2020 YTD
This year so far ...
Market rate
% Diff. from average
Market rate
% Diff. from average
Capesize (180k dwt)
Spot ($/day)
32,406
15,527
-52%
8,532
-74%
-22%
Worse!
1 year t/c ($/day)
32,864
17,358
-47%
14,546
-56%
-9%
Bit Worse
5 y.o (non-eco, $m.)
48.5
28.0
-42%
27.0
-44%
-2%
Bit Worse
Capesize average
-47%
-58%
-11%
Worse
Panamax (75k dwt)
Spot ($/day)
17,019
13,030
-23%
9,513
-44%
-21%
Worse
1 year t/c ($/day)
18,914
13,251
-30%
11,617
-39%
-9%
Bit Worse
5 y.o (non-eco, $m.)
29.3
23.5
-20%
23.0
-21%
-2%
Bit Worse
Panamax average
-24%
-35%
-10%
Worse
Supramax (58k dwt)
Trip ($/day)
17,893
10,867
-23%
7,548
-58%
-19%
Worse!
1 year t/c ($/day)
14,923
10,862
-30%
9,610
-36%
-8%
Bit Worse
5 y.o (non-eco, $m.)
25.1
17.0
-20%
15.5
-38%
-6%
Bit Worse
Supramax average
-24%
-44%
-11%
Worse
Dry bulk average
-35%
-45%
-11%
Worse
Source: Clarkson Research Services, September 2020
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