The value of a panamax containership was almost cut in half last year according to Clarksons which today ended a 16 months break in its publication of ship values. Five-year-old VLCCs and resales each lost around a quarter of their price tag over the same timeframe while capesize bulker values headed in the opposite direction, figures from the world’s largest shipbroker show.

Clarksons places a price of $15.5m on a 10-year-old, 3,500-teu containership at the end of 2009, according to its first report of 2010.At the end of December 2008 the same ship was worth $29m, meaning its price has fallen by 47% in the interim.

Steve Gordon of Clarksons Research said the company has started republishing its ship valuations as its brokers felt that – with the exception of the large containership sector – markets returned to some sort of normality during 2009.

He adds the beginning of a new year was the most sensible time to restart the service, which was stopped in October 2008 due to uncertainty following the global financial crisis.It was reported in November that Clarksons Research chief Martin Stopford had placed the value of a five-year-old VLCC at just $80m.

Today Clarksons slapped a tag of $79m on a 300,000-dwt tanker of that age, a 24% fall from its $104m valuation at the close of 2008.A VLCC resale of 310,000-dwt, priced by Clarksons at $134m at the end of 2008, saw its value decline 27% to $98m last month, the report says.

A five-year-old capesize of 170,000-dwt has seen 22% added to its value over the same period and is now worth $55m, Clarksons says.A 76,000-dwt panamax of the same age was priced at $36m when the New Year fire works went off, up $10m from the start of 2009.

source: asiasis

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