How much does a bulk carrier ship cost?

How much does a bulk carrier ship cost?

Size categories

Name	Size in DWT	New price
Handysize	10,000 to 35,000	$25M
Handymax	35,000 to 59,000
Panamax	60,000 to 80,000	$35M
Capesize	80,000 and over	$58M

How much does a Capesize ship cost?

Indeed, Capesize freight spiked again with the time charter rates more than doubled over the past two to three weeks. We forecast Capesize rates will continue to increase to about $40,000/day or about 1.5 times higher than Panamax rates (about $30,000) in the coming weeks.

How much does an old cargo ship cost?

In March 2010, the average price for a geared 500-TEU container ship was $10 million, while gearless ships of 6,500 and 12,000 TEU averaged prices of $74 million and $105 million respectively.

How do ship owners make money?

How Does a Ship Owner Make Money? Ship owner either charts out their ships in the spot markets or signs a time charter with a charterer (refinery, iron ore importer, grain importer etc), under time charter a customer pays a fixed daily or monthly rate for a fixed period of time for use of the vessel.

How much does it cost to run a cargo ship per day?

The operating cost for a Feedermax container ship in 2013 was $4,491 per day, as against average time-charter earnings for the year of $4,842. The corresponding figures for 1,000-to-2,000 teu container ships were $5,300 and $7,096, and for main liner vessels of between 2,000 and 6,000 teu, $7,389 and $7,021.

How much does it cost to buy a ship?

Ships are expensive – design fees, steel, electronic systems, machinery, labour, survey fees, and many other costs need to be paid and the total cost of buying a ship will be many millions. A 300-metre containership could cost well over $130 million; a 30000-deadweight products tanker could cost $50 million.

How much does a Panamax ship cost?

A standard Panamax containership has operational costs of about $9 million per year. The most significant expenses are related to fuel (46%) and port charges (21%), which are variable costs. This is transcribed in annual operating costs of about $2,314 per TEU.

What is a combination carrier ship?

The term combination carrier means a tank vessel designed to carry alternatively liquid and solid cargoes in bulk.

What is vessel valuation?

Vessel Value means, with respect to each Vessel, the aggregate contract price for the acquisition or construction of such Vessel (or the acquisition of the Capital Stock of any Person owning such Vessel), as applicable, plus any Ready for Sea Cost with respect to such Vessel.