The assessments are based on contributions by ship demolition brokers at ACM Shipping, Clarksons, Compass Maritime, Galbraiths, JV Shipping, Optima Shipbrokers and Simpson Spence & Young and will enable the development of derivative products which offer protection against the fluctuating demolition value of a ship at the end of its working life.
The assessments are based on the following criteria:
D/TKR_CHINA
Per long ton light displacement derived from a dirty tanker of between 15,000 and 25,000 light weight, gas free for man entry. Delivery Subcontinent (15/30 days), as is, under own power, cash price, basis standard commission
D/TKR_SUBCON
Per long ton light displacement derived from a dirty tanker of between 15,000 and 25,000 light weight, gas free for man entry. Delivery China (15/30 days), as is, under own power, cash price, basis standard commission.
C/TK_ CHINA
Per long ton light displacement derived from a product tanker of between 6,000 and 10,000 light weight, gas free for man entry. Delivery China (15/30 days), as is, under own power, cash price, basis standard commission
C/TKR_SUBCON
Per long ton light displacement derived from a product tanker of between 6,000 and 10,000 light weight, gas free for man entry. Delivery Subcontinent (15/30 days), as is, under own power, cash price, basis standard commission
B/C_CHINA
Per long ton light displacement derived from a bulk carrier of between 7,000 and 12,000 light weight. Delivery China (15/30 days), as is, under own power, cash price, basis standard commission
B/C_SUBCON
Per long ton light displacement derived from a bulk carrier of between 7,000 and 12,000 light weight. Delivery Subcontinent (15/30 days), as is, under own power, cash price, basis standard commission
The assessments are expressed in US dollars and subject to the same strict auditing criteria as all other Baltic Exchange shipping market information.
The information is available to Baltic Exchange members and subscribers on www.balticexchange.com.
