Entries Written By Charlotte Cook
Shipping Markets Outlook – End Q3 2023 Forecast Values
End Q3 2023 Shipping Market Outlook, covering tanker, bulker, container and gas subtypes
Half year review: Trade 1H 2023
Introduction The strength of the Chinese economy and sanctions imposed on Russian oil have been key factors in determining demand trends for LPG, Bulker and Crude Tanker markets in 2023. Using VesselsValue AIS derived indicators and Trade data such as cargo volumes, cargo mile growth, speeds, and trading routes, this half year review will provide …
Offshore Half Year Review 1H 2023
It has been a busy six months within the Offshore sector. The main highlights have been: 1. Tidewater acquiring 37 high specification PSVs from Norwegian offshore owner Solstad Offshore At a global level Tidewater have set the bar for the rest of the market. The US based powerhouse has been on the offensive since early …
Buy in haste and regret at your leisure
How the family office plays a critical role in the superyacht market by ensuring that costly mistakes do not occur. It is often reported how the superyacht industry is growing in size and complexity, both in terms of the assets themselves and the regulatory & legal hurdles, which poses an interesting challenge for those who …
Market Chat: VLGC Spot Rates Climbing
Author: Joey Daly It has been a good month for VLGC owners, as several factors aligned to keep rates firming despite an influx of Newbuild tonnage. On the 30th May, the BLPG1 Time Charter Assessment (Middle East Gulf to Japan) was up 40.6% from 73.2 USD/MT to 107.5 USD/MT, whilst the BLPG2 (US Gulf to …
Entering an Opaque Market
For many, the superyacht industry remains a mystery. However, tools now exist to rebalance the information dynamic between buyers & sellers and the brokerage community. For some individuals the purchase of a superyacht represents the culmination of a lifelong ambition and for others it may only represent the addition of another asset to a portfolio …
Veson Nautical Announces Intent to Acquire Market-Leading Valuation and Data Provider VesselsValue
Acquisition of leading valuation provider, built upon a proprietary data set and extensive modelling capabilities, will strengthen Veson’s vision to be the standard platform that propels maritime commerce. BOSTON, MA, April 11, 2023 – Veson Nautical (Veson), the global leader of maritime freight management solutions today announced its intent to acquire vessel valuation provider VesselsValue. The …
A New Lease on Life for LNG Steam Turbines
Introduction Despite LNG carriers accounting for a mere 1.45% of the total cargo fleet, the overall value of LNG sale and purchase transactions accounted for nearly 12% of all cargo transactions that took place in 2022, up from 3% in 2021. This statistic reflects the surging freight rates and values experienced by the LNG sector …
Superyacht Full Year Review 2022
Introduction During the 2021 Monaco Yacht Show, 2022 was marked as a significant year for the Superyacht market. Despite the numbers recorded by the newbuild and brokerage markets, the general hope was for a return to pre Covid-19 normality for the market. However, the conflict in Russia and Ukraine introduced a new set of challenges …
Offshore Full Year Review 2022
Introduction 2022 was an eventful year for the Offshore industry. Geopolitical tensions between Russia and Ukraine caused the price of oil to hit USD 100 per barrel and reach highs of c. USD 130 per barrel. Oil majors announced record profits, and the vessel and rig owning sector witnessed both an increase in asset values …