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Re: snax post# 12176

Tuesday, 02/27/2018 3:46:59 PM

Tuesday, February 27, 2018 3:46:59 PM

Post# of 13668
Yeah, I'm with you. Trying to find out overseas information can be quite the challenge. Thanks for that link and showing it to be active and on the water. If they actually own large ships, or anything of the sort, we could be looking at serious assets and revenues. Take a peak at those numbers below. Again, thank you for the lead on Golden Dragon!


"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.