Perfect timing to build | Delivery (probably) | Per day earnings | Earnings13 for a hire of 38 months, from 1988 Jan.-to 1991, March | Remarks |
1986 Jan. | 1988 Jan. | $15,000 hypothetical | $16.62m | A low freight rates period |
Perfect timing for earnings | March 1991 | $45,000 real | Earnings for hire in 1991-1994 for: 38 months = $49.93m | Price difference $ 42m (80-38) |
Bad timing to build: 1989 | 1991 March | Price $80 | $49.9m | Earning difference $33.31 ($49.93 − $16.62 = $33.31m) |