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Tuesday, February 27, 2018 3:46:59 PM
"In recent years, oversupply of container ship capacity has caused prices for new and used ships to fall. From 2008 to 2009, new container ship prices dropped by 19–33%, while prices for 10-year-old container ships dropped by 47–69%.[55] 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.[56] At the same time, secondhand prices for 10-year-old geared container ships of 500-, 2,500-, and 3,500-TEU capacity averaged prices of $4 million, $15 million, and $18 million respectively.[57]
In 2009, 11,669,000 gross tons of newly built container ships were delivered.[58] Over 85% of this new capacity was built in the Republic of Korea, China, and Japan, with Korea accounting for over 57% of the world's total alone.[58] New container ships accounted for 15% of the total new tonnage that year, behind bulk carriers at 28.9% and oil tankers at 22.6%.[58]"
Source(see: Vessel Purchases): https://en.wikipedia.org/wiki/Container_ship
*Note: these price figures are from 2009-2010, almost a decade ago, without today's added technology factored in.
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