Period

Research by

Remarks

Period

Research by

Remarks

1864-1914

Kirkaldy (for British Shipping)

1911: best for 10 years; returns equal to those obtained by investing in 1st class securities; at times, however, shipping run at a loss

1930-1935

(crisis)

“Tramp shipping administrative Committee”

214 shipping companies had a ROC of only 1.45% p.a.

1950-1957

“Economist shipping share index”

10.3% p.a. increase for shipping; 17.2% had all companies

1958-1969

“Economist Shipping Share index”

+3.2% up

1958-1969

“Rochdale Committee”

3.5% p.a. (very low) for shipping

1988-1997

Six bulk shipping companies; 6 liner (*) companies

7% return

8% return

1990-2000

Oslo shipping shares

A small increase in prices

2001

Six public tanker owners

6.3% on equity

1975-2004

Stopford (2009: p. 323)

Bulk shipping 7.2% ROI

1975-2004

Stopford (2009: p. 323) (**)

4.9% ROI in tankers