Entries Written By Charlotte Cook
Cruise Ships: Fleet Development
The current Cruise orderbook sits at 104 vessels, worth an aggregated value of USD 60.3 billion, accounting for 34% of the overall global order book. The flurry of ordering activity experienced between 2014 and 2018 was an attempt by Cruise companies to keep on top of the ever-growing demand for travel. A demand which currently …
A positive outlook for UAE ports post-Covid
Container activity in UAE ports is booming. Tankers are showing signs of recovery. This article will use our Trade data to assess how trade routes in and out of the UAE have grown over time, as well as assess the impact Covid-19 has had on specific ports across the Container and Tanker sectors. The UAE …
The Covid Cruise Calendar
January 2020: Looking good Total COVID-19 cases = unknown The quiet before the storm. The Cruise industry had enormous momentum going into 2020. Sailings were at a record high, following a fruitful 2017 and 2018, with 35 and 43 orders placed, respectively. Cruise companies were in good shape, stock for Royal Caribbean Cruises for example …
Using Data to Save Money on Your Next Yachting Holiday
The New Rules Recently, both Malta and France have important updates relating to VAT due on both long and short term Superyacht charters (or leases). In France, the previous fixed rate reduction of 50%, bringing VAT down from 20% – 10%, is no longer accepted. Instead, the holiday maker (charterer) qualifies for a tax reduction …
Remaining constant in a changing world
The shipping industry is in an interesting position. COVID-19 is wreaking havoc across the world, causing regional and national lockdowns, transforming the way in which ordinary people go about their daily lives, and forcing industries to rethink their usual practices. Despite this ongoing situation, the shipping industry still has to function in order to ensure …
Do shipping markets want Biden or Trump for the win?
Let’s forget morals, politics or personal opinion and instead look at VesselsValue’s trade data to construct an informed view on which party would be better for the shipping markets. Tankers for Trump Headline: Trump’s support of US crude production, his sanctioning of Iran and temporary blacklisting of certain fleets of large Tankers has been beneficial …
Containerships: Activity between China and the US looks optimistic, with cargo miles surpassing 2019 levels
Unsurprisingly, trades between China and the US faltered at the beginning of the Covid-19 pandemic back in February 2020, but a clear recovery has since been made on the popular container route. Container journeys so far this year between China and the US have totalled over 500, 10% more than during the same period in …
Half Year Round Up – Trade
So far, 2020 has been an unsettling and volatile year for the shipping industry as a whole, particularly related to the effects of the COVID-19 pandemic. Very early on, 2020 was looking to be a positive year for many routes and sectors, but this was short lived as COVID-19 quickly disrupted the global supply chain. …
Human vs Machine: Can an algorithm value a Superyacht?
In this video, VesselsValue’s Head of Superyachts, Sam Tucker, takes us behind the scenes of our new product, Superyacht Values, for a brief overview of how it works.
The Cruise industry’s COVID-19 crisis: how bad is it really?
Overview At VesselsValue, our Trade platform allows us to measure demand for vessels through applying algorithms and analysis to satellite and terrestrial AIS vessel location data. This provides us with objective, real-time and historical data on Cruise ship activity, including stoppages, journeys and demand trends, at vessel, fleet and global level. On the 3rd February …