The hot shipping markets have helped push the value of the world merchant shipping fleet to a new high of $1.2trn, according to Clarksons.
The figure is up 26% in the year-to-date on the back of improving asset values.
This is in contrast to the past decade when values fluctuated only fairly moderately.
The value of the orderbook has also risen 11% this year to $251bn on the back of the uptick in contracting volumes and newbuilding prices.
