Page 154 - Annual Review 2021 full

Indian National Shipowners’ Association

7. WORLD BULK CARRIER MARKET CYCLE

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2000-20 2020 Jan - Feb 2021
Market rate
Ship type Average Market % Diff. from Market % Diff. from This year so far …
indicator
value rate average rate average
Spot ($/day) 31,374 10,677 -66% 11,776 -62% 4% Bit Better
Capesize 1 year t/c ($/day) 32,006 14,808 -54% 17,667 -45% 9% Bit Better
(180k dwt)
5 y.o (non-eco, $m.) 47.4 26.5 -44% 28.0 -41% 3% Bit Better
Capesize average -55% -49% 5% Bit Better
Spot ($/day) 16,705 10,407 -38% 17,108 2% 40% Better!!
Panamax 1 year t/c ($/day) 18,579 11,849 -36% 15,069 -19% 17% Better
(75k dwt)
5 y.o (non-eco, $m.) 29.0 22.0 -24% 25.0 -14% 10% Better
Panamax average -33% -10% 23% Better!
Trip ($/day) 17,417 8,813 -49% 15,504 -11% 38% Better!!
Supramax
(56k dwt) 1 year t/c ($/day) 14,923 9,834 -34% 12,715 -15% 19% Better
5 y.o (non-eco, $m.) 24.6 15.5 -37% 15.5 -37% 0% Same
Supramax average -40% -21% 19% Better
Dry bulk average -42% -27% 16% Better

Source: Clarkson Research Services, March 2021

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