Page 80 - Annual Review 2021 full

Indian National Shipowners’ Association

5.4 Bulker Spot Earnings

Average Spot Earnings $/day

Capesize (spot) Panamax (Spot) Ultamax Supermax Handy size
Average c.2010-built c.2010-built c.2015-built c.2015-built c.2010-built c.2010-built Trip Trip Trip
180k dwt Scrubber-ftd Eco Scrubbder-ftd 74k dwt Scrubber-ftd 61k dwt 58k dwt 38k dwt
2001 15374 8921
2002 13323 7215 8663
2003 41135 19304 16708
2004 70196 34364 31944
2005 51451 23110 24020
2006 44732 21714 22765
2007 111380 49350 47582
2008 97699 43323 41128
2009 42971 14915 16953
2010 34381 20552 21867 12798
2011 14034 12123 13814 10884
2012 6553 7621 8859 7852
2013 13551 8646 9648 8577
2014 11365 7801 9432 7131
2015 6369 7205 7481 5993
2016 6035 6712 6750 5833
2017 13475 10570 10680 8901
2018 14026 12867 13581 12783 10498
2019 15527 13030 11838 10867 9608

2020 10677 13428 13830 15819 10407 11749 9802 8813 8395
2021* 11776 14639 15762 17737 17108 18460 16546 15504 16872
Feb-20 332 5945 4668 8803 6449 9068 7144 6144 5885
Mar-20 2380 5465 5205 7461 9430 10884 9613 8644 7823
Apr-20 6511 8004 8606 9671 8740 9601 5225 4263 5271
May-20 2450 4159 4577 5806 7069 8001 5745 4820 4348
Jun-20 15840 17633 18541 19813 10217 11101 8484 7547 5894
Jul-20 20443 22242 23339 24608 12761 13607 11938 10738 8060
Aug-20 17206 18725 20160 21212 14725 15395 11969 10969 9917
Sep-20 15817 17161 18603 19526 12189 12802 12188 11188 11042
Oct-20 20326 21890 23200 24289 12035 12771 11873 10963 11567
Nov-20 10886 12360 13959 14971 11416 12145 12100 11125 11621
Dec-20 12030 13984 15419 16787 13398 14388 13416 12509 12913
Jan-21 15349 17838 19110 20841 15310 16515 13933 12958 12775
Feb-21 7310 10640 11577 13923 19356 20891 19813 18688 16919
Average earnings basis standard vessel and voyages assumptions; see ‘SIW Sources & Methods’ on SIN for more detail.
A wider range of spot and trip earnings series (including earnings on individual routes) are available on Shipping
Intelligence Network. Data prior to 2009 basis c-2000-built vessels. Handy size trip earnings series basis 28k dwt vessel
prior to 2014. *Year to end of monthly series
Source: Clarkson Research Services - March 2021

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