View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
February 21, 2010

Newbuild Prices Slide in January

The newbuild price index fell to 136.1 points in January 2010, the lowest since July 2004, according to the latest figures. The price has fallen for 16 consecutive months and is about 30 points, or 18%, lower than it was a year earlier, according to a monthly report by Clarkson Research

By cms admin

The newbuild price index fell to 136.1 points in January 2010, the lowest since July 2004, according to the latest figures.

The price has fallen for 16 consecutive months and is about 30 points, or 18%, lower than it was a year earlier, according to a monthly report by Clarkson Research.

The report World Shipyard Monitor said further declines in the index can be expected as contracting activity is still not at a level that shipyards would like to see.

Benchmark prices in the containership sector are still the most affected, with up to a 41% year-on-year decrease, it said.

A total of 104 vessels of 9.6m dwt and 2.5m cgt were reported delivered in January which is down the average monthly deliveries of last year.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Ship Technology