Page 156 - Annual Review 2021 full

Indian National Shipowners’ Association

9. WORLD CONTAINER MARKET CYCLE

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2000-20 2020 Jan-Feb 2021
Market rate
Ship by type Average Market % Diff. from Market % Diff. from This year so far …
indicator
value rate average rate average
1 year t/c ($/day) 8,274 6,079 -27% 10,194 23% 50% Better!!
1000 teu geared
10 year old ($m) 9.6 5.0 -48% 6.5 -32% 16% Better
-37% -5% 33% Better!!
1 year t/c ($/day) 11,162 8,116 -27% 13,756 23% 51% Better!!
1700 teu geared
10 year old ($m) 13.9 9.0 -35% 11.0 -21% 14% Better

-31% 1% 32% Better!!
1 year t/c ($/day) 15,094 10,819 -28% 20,006 33% 61% Better!!
2750 teu gearless
10 year old ($m) 20.0 13.0 -35% 15.0 -25% 10% Better
-32% 4% 35% Better!!

1 year t/c ($/day) 19,458 14,012 -28% 27,722 42% 70% Better!!
4400 teu gearless
10 year old ($m) 15.8 19.0 20% 25.0 58% 38% Better!!
-4% 50% 54% Better!!
3 year t/c ($/day) 20,705 19,543 -6% 32,778 58% 64% Better!!
6800 teu gearless
5 year old ($m) 22.7 34.0 50% 41.0 81% 31% Better!!
22% 69% 47% Better!!

Container charter market average -16% 24% 40% Better!!
Source: Clarkson Research Services, March 2021

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