Question: 1) Why would ship prices be so volatile with regards to the table above ? 2) Will this situation change in the future? 3) What

1) Why would ship prices be so volatile with regards to the table above ?

2) Will this situation change in the future?

3) What lessons would you learn form the table above ?

2003 2004 2005 2006 2007 2008 2009 16 23 38 13 67 19 32 55 21 35 62 18 101 22 36 62 16 98 33 47 84 97 29 39 69 14 87 18 86 16 97 Type and size of vessel Dry bulk - Handysize, 30,000 dwt Dry bulk - Panamax. 75.000 dwt Dry bulk - Capesize, 170.000 dwt Container - geared, 500 TEU Container - gearless, 6,500 TEU Container - gearless, 12.000 TEU Oil tanker - Handy. 50.000 dwt Oil tanker - Suezmax. 160.000 dwt Oil tanker - VLCC, 300.000 dwt Chemical tanker - 12.000 dwt LPG carrier - 15.000 m3 LNG carrier - 160,000 m3 na March Percentage change 2010 2009 2008 -23.7 27.8 -28.9 -333 74 -19.4 105 -30.5 34 -23.1 63 -25.5 99 -242 30 -2.9 40 -11.5 210 1.8 na na 108 164 52 na 3g* 28 35 60 154 50 85 136 42 73 114 40 70 47 67 12 28 153 91 16 36 173 119 18 45 205 47 76 125 21 49 217 33 51 237 94 153 34 52 222 116 33 46 226 $

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