• The SHIPPING MONITOR. A view of the Bulk Carrier and Tanker markets within an analytical and statistical framework. Current resale values and time charter rates and probable values and rates one year in the future. Value Ratios and Target Rates. Click here for more information.

• GUIDE TO RESALE/RESIDUAL VALUES AND 6 TO 12 MONTH TIME CHARTER RATES. Inflation adjusted historic averages (in current dollars). Primarily intended for those calculating rates of return on ship investment proposals or similar financial situations. Click here for more information.

• INDEX FLEET. Current and probable future Resale Values and Time Charter Rates of the vessels of the INDEX FLEET. Separate reports for Bulk Carriers and Tankers. Graphs of the previous year's history. The vessels of the INDEX FLEET are representative of the world fleet; changes in the values or rates of the world fleet are mirrored in the INDEX Fleet.
  Click for sample INDEX FLEET - RESALE VALUE page.
  Click for sample INDEX FLEET - T/C RATE page.

• VALUES/RATES. Current and probable future Resale Values and Time Charter Rates of representative sizes of Bulk Carriers and Tankers. Values and rates are calculated for ships 5, 10 and 15 years of age.
  Click for sample VALUES/RATES page.

• VALUE RATIOS. Two graphs, one for a Panamax Bulk Carrier and one for an Aframax Tanker, that track a recent value phenomenon. For years, the ratios of older to newer ship values remained relatively constant. Recently those ratios increased dramatically, indicating an imbalance across the price/age spectrum.
  Click for sample VALUE RATIOS page.

• TARGET RATES. Ranges of future probable Time Charter Rates for representative sizes of Bulk Carriers and Tankers, with their probabilities. This report is designed to answer the question, "what is the probability next year of achieving a 'target' freight rate (or better), or, conversely, what is the probability of doing worse than the 'target'?"
  Click for sample TARGET RATES page.

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• APPENDIX: SIMULATION RESULTS. The actual results of the Monte-Carlo Simulations that produce some of the values and rates of the reports mentioned above are available as a separately printed report.
  Click for sample SIMULATION DETAILS page.

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• NOTE ON METHOD. The values and rates printed in these reports are calculated as follows:-
  - ACTUAL VALUES, current or past, are derived from statistical models that are based on extensive databases of actual sales and chartering data.
  - FUTURE VALUES are derived from a Monte-Carlo simulation of the shipping markets. This technique projects the strongly cyclical nature of those markets onto the near term future.

The Guide covers Bulk Carriers from 20,000 to 160,000 deadweight tons and Tankers from 20,000 to 260,000 deadweight tons. For Ship Resale/Residual Values, averages are calculated from 5 to 25 years of age.

The compiled averages are based upon the data contained in the Shipping Intelligence databases of thousands of actual ship sales and time charters.
Click for sample RESIDUAL VALUE GUIDE page.
Click for sample AVERAGE TIME CHARTER RATE page.