SeaNews Shipping Market Index — S&P, Newbuilding & Demolition

The SeaNews Robust Shipping Market Index tracks weekly vessel price movements across second-hand (S&P), newbuilding, and demolition markets. Segments include tanker (VLCC, Suezmax, Aframax, MR), bulk carrier (Capesize, Panamax, Supramax, Handysize), container ships, and gas carriers. The index uses February 2022 as the fixed base period (= 100) and employs hedonistic age adjustment for fair comparison.

Data covers week-on-week, month-on-month, and year-on-year changes using winsorized median methodology.

SeaNews Market Index

Maritime Market Intelligence

SeaNews Index Calculation Methodology

Chain-linked & Transaction-weighted: The index uses a chain-linking methodology to reduce biases from base-year drift. It reflects where the market is trading each week (transaction-weighted) rather than a fixed basket.

2023 Rebase: All series are rebased to a fixed 2023 average (2023 = 100), providing a clear historical benchmark.

Price Normalization: Raw prices are normalized using Hedonistic Age Adjustments (Tanker: 8y, Bulk: 10y, Gas: 7y reference ages) and filtered via Winsorized Mean (10-90th percentile) to eliminate outliers.

Data Integrity: Weeks with no trades use a Carry-forward mechanism. Periods with low sample counts are flagged for transparency.

SeaNews Market Index - Your Source for Maritime Market Intelligence