Entries Written By Charlotte Cook
What’s happened to the Teras Offshore Liftboat fleet?
Teras Offshore, once a notorious ‘‘big boy’’ in Singapore’s offshore oil & gas market and owning a varied fleet of Liftboats, Jack-ups and small AHTs, has recently been forced to close its doors for good and put an end to years of suffering and losses. On the 30th of December, the company officially announced it …
Demolition Report 2021
Introduction and Overview 2021 saw significant trends and changes in the Shipping industry with record breaking Container demand, surging steel prices, and the threat of returning lockdowns as new Covid-19 variants emerged. These factors have combined to result in a diverse demolition market. Last year saw 704 vessels sold for scrap overall, with a combined …
A Winter Write Up on the VLCC and LNG Markets
Introduction In today’s carbonised economy, where millions of barrels of oil are consumed daily, the transportation of fuel is a crucial cog in the world’s energy consumption. With such large quantities required globally, the oceans are the most cost effective route for moving this cargo to areas that do not have rich natural reserves of …
Demolition Report, June – October 2021
Introduction Since the end of H1, there have been 163 cargo vessels sold for demolition, a 4.5% increase on the same period in 2020 when 145 vessels were scrapped, and a 63% increase from 2019 when only 100 vessels were scrapped. These vessels had a combined DWT of 6.3 mil and a minimum combined scrap …
2021 Port Congestion Report
Introduction Vessel and port congestion levels in 2021 so far have been unprecedented, significantly impacting capacity in the Container and Bulker sectors and disrupting global supply chains. Global shipping congestion in 2021 has been profound in many ways. From Covid-19 related port disruptions, the continuation of the China/Australia Trade war causing long term delays off …
Vessels vs Aircraft: Similarities and differences as a value analysis
Ten years after we launched our online Maritime asset valuations and market information services, we’ve now expanded coverage into commercial passenger aircraft. “Similar to what we did in Shipping ten years ago, we are the first to bring a daily updated, truly automated valuation model (AVM) to the Aviation market.” – Richard Rivlin, Founder and …
Looming Christmas crisis due to ongoing congestion chaos
Global supply chain issues are threatening Christmas deliveries to retailers, as we’ve seen sustained port congestion in the US, and now parts of the UK. It continues to disrupt shipping lines and the movement of goods worldwide. We have seen congestion ease in major Chinese Container ports such as Ningbo, with the number of vessels …
Superyacht Market Signals, VV and Yachting Pages
In order to accurately value an asset, it’s important to maintain a bird’s eye, holistic view of the marketplace in which the asset is a member. This piece considers both the VesselsValue overview and some statistics from Yachting Pages. Considering the secondhand marketplace, VesselsValue currently reports on the four interconnected pillars: supply, demand, price level, …
Insurance market braces itself for post pandemic value changes
Introduction The marine insurance market has always been able to adjust to the vagaries of supply and demand. Never has it been more tested than now. With renewal discussions only weeks away, the market must consider high profile losses such as ‘Evergiven’ and ‘X-Press Pearl’, powerful new entrants to the market, and volatility in ship …
Half year review: Demolition
Introduction The first half of 2021 saw 275 Cargo vessels sold for scrap, up 40% and 33% compared to 2020 and 2019, respectively. The 275 scrapped vessels have a combined DWT of 11.9 mil and a total scrap value of over USD 1 bil. 131 tankers were scrapped, accounting for nearly half of all cargo …