Page 138 - Annual Review 2020
P. 138
Indian National Shipowners’ Association
10. WORLD CONTAINER MARKET CYCLE
Ship by 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
1000 teu geared
1 year t/c ($/day)
8,383
6,158
-27%
5,630
-33%
-6%
Bit worse
10 year old ($m)
9.9
4.8
-52%
3.8
-62%
-10%
Worse
-39%
-47%
-8%
Bit Worse
1700 teu geared
1 year t/c ($/day)
11,312
8,139
-28%
6,883
-39%
-11%
Worse
10 year old ($m)
14.3
7.8
-46%
6.0
-58%
-12%
Worse
-37%
-49%
-12%
Worse
2750 teu gearless
1 year t/c ($/day)
15,304
9,600
-37%
8,884
-42%
-5%
Bit worse
10 year old ($m)
20.5
9.0
-56%
8.0
-61%
-5%
Bit worse
-47%
-51%
-5%
Bit worse
4400 teu gearless
1 year t/c ($/day)
19,758
11,175
-43%
10,829
-45%
-2%
Bit Worse
10 year old ($m)
16.3
11.0
-32%
10.0
-39%
-6%
Bit worse
-38%
-42%
-4%
Bit worse
6800 teu gearless
3 year t/c ($/day)
20,845
19,125
-8%
17,686
-15%
-7%
Bit worse
5 year old ($m)
22.7
23.0
2%
21.0
-7%
-9%
Bit worse
-3%
-11%
-8%
Bit worse
Container charter market average
-33%
-40%
-7%
Bit worse
Source: Clarkson Research Services, September 2020
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