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Container ship
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===Vessel purchases=== {{update section|date=January 2018}} [[File:Container-ship-prices.svg|thumb|right|300px]] In recent years, oversupply of container ship capacity has caused prices for new and used ships to fall. From 2008 to 2009, new container ship prices dropped by 19β33%, while prices for 10-year-old container ships dropped by 47β69%.<ref name="unctad5357">UNCTAD 2010, p. 53, 57.</ref> In March 2010, the average price for a geared 500-TEU container ship was $10 million, while gearless ships of 6,500 and 12,000 TEU averaged prices of $74 million and $105 million respectively.<ref name="unctad56">UNCTAD 2010, p. 56.</ref> At the same time, secondhand prices for 10-year-old geared container ships of 500-, 2,500-, and 3,500-TEU capacity averaged prices of $4 million, $15 million, and $18 million respectively.<ref name="unctad57">UNCTAD 2010, p. 57.</ref> In 2009, 11,669,000 gross tons of newly built container ships were delivered.<ref name="unctad50">UNCTAD 2010, p. 50.</ref> Over 85% of this new capacity was built in the Republic of Korea, China, and Japan, with Korea accounting for over 57% of the world's total alone.<ref name="unctad50"/> New container ships accounted for 15% of the total new tonnage that year, behind bulk carriers at 28.9% and oil tankers at 22.6%.<ref name="unctad50"/>
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