The market of second hand vessels is inextricably linked with the new building and demolition market. Freight rates, steel, iron ore, BDI, oil, natural gas, grains, currencies followed by understanding of world economic trends, the policy states, wars, maritime transition routes and economic strategies are only part of the knowledge that a successful shipping company has to have. The market of second hand vessels is affected fastest and exponentially by these factors and as such is faithful representation of the current situation and short-term trends in the shipping market. The purchase of the second hand vessel opens up the possibility of almost immediate entry into new maritime transport operations. Selling the second hand vessels allows shippers to manipulate the size of their fleet and allows rapid adapting to the demand. The study of prices of second hand vessels showed the cyclicality thus enabling an understanding of investment risks. Historically, the prices of second hand vessels remained below the prices of new build ships but in 2008. used boats surpassed the price of new build and thus confirmed how strong indicator of current trends they are, both on the ship market as on the world market.