Prices in the secondary market of ships have increased significantly
As of April 21, the secondary market for commercial ships is estimated at $ 1 trillion. dollars. This data is provided by Splash 24/7 with reference to a study by Clarkson Research. Since September last year, the price index for supported ships has risen by 33%, the highest in the last seven years.
The most noticeable jump in prices is observed in the segment of container ships. Amid high freight rates, the overall price index for these vessels has risen 47% since June last year.
The price of a 10-year container ship with a capacity of 6.6 thousand TEU during the same period increased by 138% - from $ 29 million to $ 50 million, while the price of a 10-year container ship with a capacity of 4.5 thousand TEU increased by 268% (from $ 25.5 million to $ 35 million).
Since June 2020, the price index for used bulk carriers has increased by 31%. The price of a 10-year-old bulk carrier Capesize increased by 40%, to $ 14.5 million, and the price of a 10-year-old Supramax, by 35%, to $ 14.5 million.
According to Cleaves Securities forecasts cited by Splash 24/7, bulk carrier prices will rise significantly over the next two years.The study notes that prices did not rise for all types of vessels, for example, prices for tankers on the secondary market have dropped significantly over the past 10 months.