Table 1 Ship price statistics
From: Hedging ship price risk using freight derivatives in the drybulk market
Capesize vessel values | ||||
|---|---|---|---|---|
5-year | 10-year | 15-year | 20-year | |
Mean ($m) | 57.94 | 41.74 | 29.37 | 18.67 |
Return | −0.064 | − 0.068 | −0.075 | 0.023 |
Min | 23 | 12 | 7 | 6 |
Max | 156 | 116 | 92,5 | 70 |
St.dev return | 0.376 | 0.446 | 0.482 | 0.547 |
CorrelationFFA | ||||
Level | 0.964 | 0.956 | 0.967 | 0.942 |
Returns | 0.909 | 0.919 | 0.918 | 0.812 |