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Delivered Vessels

As at 31 December 2014, the Group had delivered vessels with a net book value of US$1,528 million as follows:

NumberAverage size
(dwt tonnes)
Average
age
(years)
Average
net book
value
(US$ Million)
Total
net book
value
(US$ Million)
Dry BulkHandysize6731,5008.916.11,081
Dry BulkHandymax1555,5005.923.7356
Dry BulkPost-Panamax1115,0003.049.349
TowageTugs & Barges19N/A9.12.242

Precise vessel market values are difficult to determine when buying interest is limited in uncertain shipping markets. Latest estimated fair market values published by Clarksons are US$14.5 million and US$17.5 million for 5-year old 32,000 dwt Handysize and 56,000 dwt Handymax vessels respectively.

Tugs and barges are denominated in their functional currency of the Australian Dollar, and hence their US Dollar carrying values and commitments are subject to exchange rate fluctuations.

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