Shipping Facts

Did You Know?

Some Shipping Facts

• The average age of a ship sent to the scrap yard in about 25 years.
• The average VLCC voyage lasts about 70 days, of which only 22 are laden days at sea. (VLCC = very large crude carrier)
• The average speed of ships is in the region of 12-13 knots per hour.
• As of early 2016, the global order book for ships stood at 490.
• A commonly cited rule in shipping is that you only buy ships at the bottom of the market cyle.

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