Page 88 - Annual Review 2021 full

Indian National Shipowners’ Association

6.2(b) Second Hand Bulk Carrier Vessel Prices

($ million)
Handy Size Kamsar- 5 yo S’hand Index
End Ultramax Supramax max Panamax Capsize Capsize Yr / Yr %
5 Yrs 10 Yrs 5 Yrs 10 Yrs 5 Yrs 10 Yrs 5 Yrs 10 Yrs Index Change
1998 9.25 6.00 12.50 8.00 14.00 9.75 25.67 14.50 78 -32.0%
1999 11.50 8.00 16.00 11.50 16.75 12.00 29.25 17.50 96 23.2%
2000 12.00 9.00 15.25 12.00 16.00 11.75 30.25 19.00 95 -0.3%
2001 11.00 7.75 13.25 9.75 14.00 9.50 27.00 16.50 83 -13.3%
2002 11.25 8.50 14.25 10.50 17.00 11.50 29.00 20.50 89 8.0%
2003 14.50 10.75 20.00 15.50 28.00 20.00 44.00 32.00 127 42.8%
2004 21.50 17.00 29.00 22.50 40.00 31.00 64.50 46.00 186 45.8%
2005 26.00 19.00 25.50 20.50 29.50 24.00 57.00 38.00 178 -4.2%
2006 28.50 23.00 40.00 32.00 45.50 37.00 81.00 62.00 239 34.2%
2007 44.00 40.00 75.00 60.00 88.50 72.00 150.00 105.00 423 77.1%
2008 20.50 16.00 24.50 18.00 26.00 20.00 45.00 31.00 145 -65.7%
2009 22.00 17.00 27.00 21.50 36.00 27.50 55.00 44.00 169 16.2%
2010 25.00 21.50 29.00 24.00 36.00 28.00 50.00 38.00 173 2.8%
2011 21.00 16.00 24.50 17.00 26.50 20.00 36.00 26.50 139 -19.7%
2012 15.50 12.00 19.50 14.50 18.00 13.00 32.50 21.00 105 -24.6%
2013 19.00 14.00 24.50 17.50 25.50 18.00 44.00 31.00 135 28.5%
2014 17.00 12.50 20.50 13.50 20.00 14.50 39.00 27.50 116 -14.3%
2015 10.00 8.00 13.50 8.00 14.00 8.50 25.00 13.50 73 -36.7%
2016 12.00 6.75 14.00 9.50 14.00 8.50 24.00 15.00 79 7.1%
2017 14.00 10.00 17.50 13.50 22.50 14.50 33.00 20.50 100 26.9%
2018 15.00 11.50 18.00 14.00 23.50 15.00 33.50 24.00 104 4.6%
2019 16.50 9.00 22.00 12.50 23.50 13.50 37.50 22.00 105 0.6%
2020 14.75 8.25 17.75 10.75 22.00 13.75 35.50 19.50 93 -11.3%
2018 Dec 15.00 11.50 18.00 14.00 23.50 15.00 33.50 24.00 104 4.6%
2019 Jan 17.00 11.50 18.00 14.00 24.50 14.50 33.50 26.00 109 8.5%
Feb 17.00 11.50 17.00 13.50 24.50 14.00 31.00 24.50 108 6.8%
Mar 17.00 11.50 17.00 13.50 24.50 14.00 31.00 24.50 108 2.1%
Apr 17.00 11.50 17.00 13.50 24.50 14.00 31.00 24.50 108 2.1%
May 17.00 11.00 17.00 13.50 24.00 14.00 31.00 24.50 107 0.7%
Jun 17.00 11.00 17.00 13.50 24.00 14.00 30.00 23.50 107 -1.3%
Jul 17.00 10.00 17.00 13.00 24.00 14.00 37.50 23.50 107 -1.8%
Aug 17.00 9.50 17.50 13.00 23.50 13.50 37.50 23.50 106 0.4%
Sep 17.00 9.50 17.50 13.00 23.50 13.50 37.50 23.00 106 0.9%
Oct 17.00 9.50 17.00 12.50 23.50 13.50 37.50 23.00 106 0.9%
Nov 16.50 9.00 17.00 12.50 23.50 13.50 37.50 22.00 105 -0.3%
Dec 16.50 9.00 17.00 12.50 23.50 13.50 37.50 22.00 105 0.6%
2020 Jan 17.00 9.00 21.00 12.00 23.00 13.00 37.50 21.00 103 -5.3%
Feb 17.00 9.00 20.00 12.00 23.00 13.00 36.00 21.00 102 -5.5%
Mar 17.00 9.00 20.00 12.00 23.00 13.00 36.00 21.00 102 -5.5%
Apr 17.00 9.00 20.00 12.00 23.00 13.00 36.00 21.00 102 -5.5%
May 15.50 8.50 19.00 11.00 22.50 12.50 36.00 20.00 97 -10.2%
Jun 15.00 8.00 19.00 10.50 22.50 13.50 35.00 20.50 95 -10.8%
Jul 14.50 8.00 18.00 10.50 22.50 13.25 35.00 20.00 93 -13.1%
Aug 14.50 8.50 18.00 10.50 23.00 13.25 35.00 20.00 94 -11.7%
Sep 14.75 8.50 18.00 10.75 22.50 13.25 35.00 20.00 94 -11.6%
Oct 14.75 8.25 17.75 10.75 22.00 13.75 35.00 19.50 93 -12.4%
Nov 14.75 8.25 17.75 10.75 22.00 13.75 35.50 19.50 93 -11.3%
Dec 14.75 8.25 17.75 10.75 22.00 13.75 35.50 19.50 93 -11.3%
2021 Jan 14.75 8.50 20.00 11.50 24.00 16.25 36.50 21.00 98 -4.8%
Feb 16.25 9.75 20.50 11.75 25.00 17.00 36.50 21.50 103 1.2%
Index: 100 = January 2000.
Source: Clarkson Research Services - March 2021

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