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Value of the global merchant fleet hits a new all-time high

The total value of the global merchant fleet has hit a new all-time high on the back of this year’s booming container and dry bulk markets.

According to Clarkson Research Services, the global merchant fleet is now worth $1.2trn, having risen by 26% in the year to date.

Putting this figure in perspective, the value of the world fleet fluctuated between $850bn and $1trn for most of the previous decade. It stood at $700bn in early 2010. The merchant fleet is now 65% larger in gt terms than at the start of 2010.

The global merchant fleet is now worth $1.2trn, having risen by 26% in the year to date

The Clarksons Secondhand Price Index has increased 70 points in the year to date to reach 163 points, its highest level since asset values crashed in late 2008.

“Containership secondhand prices have increased particularly sharply in 2021 so far, with some benchmark asset values doubling or even tripling, while bulkcarrier values are also up notably,” Clarksons noted in its most recent weekly report.

Clarksons data also shows today’s global orderbook stands at an estimated $251bn, up 11% this year.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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