Highest Ship Contract Recorded Than Any Q1 Since 2008

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Banchero Costa reporting that more newbuilds were contracted in the first three months of the year than in any Q1 since 2008, says an article published in Splash247.

ClarkSea index

The ClarkSea Index, a weighted average of tanker, bulk carrier, containership and gas carrier earnings managed by Clarkson Research Services, averaged $17,461 a day in the first quarter, the best Q1 average since 2008.

In the first quarter, the index, seen as a key shipping barometer, benefitted in particular from earnings in the containership and mid-size bulker sectors.The momentum has continued, with the ClarkSea Index starting Q2 at $20,759 a day, up 36% on the start of the year.

Clarksons noted in report that, “Allied to macro economic impetus from stimulus programmes and vaccine progress and potential upside to the outlook in some sectors this might support further index gains.” 

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Source: Splash247