Entries Written By Dan Nash
2024 Half Year Review: Ferries
This ferry half year review is one of a series of reports providing a summary analysis of the first half of 2024 in the tanker, bulker, container, offshore, and LNG / LPG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets with …
2024 Half Year Review: Containers
This container half year review is one of a series of reports providing a summary analysis of the first half of 2024 in the tanker, bulker, offshore, and LNG / LPG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets with many …
2024 Half Year Review: RoRo
This RoRo half year review is one of a series of reports providing a summary analysis of the first half of 2024 in the tanker, bulker, container, offshore, and LNG / LPG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets with …
2024 Half Year Review: Vehicle Carriers
This vehicle carrier half year review is one of a series of reports providing a summary analysis of the first half of 2024 in the tanker, bulker, container, offshore, and LNG / LPG sectors. In each, we explore three areas: the newbuild market, second-hand sale and purchase activities, and demolition trends. Combining Veson’s extensive datasets …
Vehicle Carrier and RoRo Review 1H 2023
Vehicle Carriers (PCTC, LCTC) Asset values finally peaked in the Vehicle Carrier (VC) sector following an exceptional two-year bull run, owing to a lack of liquidity and reallocated demand favouring Container Carriers ex China as the main source of trade growth. Global cargo miles firmed 2.5% based on 187.7 billon CEU-NM (Car Equivalent Unit per …
Vehicle Carrier and RoRo Full Year Review 2022
Vehicle Carriers (PCTC, LCTC) Short Shipping supply got further squeezed for exporters in 2022 due to chronic land side congestion at major ports and terminals in Europe, reducing PCTC (Pure Car Truck Carrier) ship call frequency and therefore capacity. Terminal space completely maxed out in August at major hubs in the Med and Northwest Europe, …
An Overview of the Ferry Market
Freight Demand Main Catalyst for Fleet Growth Since 2012 Looking at fleet development from Midsizes upwards, steady year-on-year (YoY) net growth has been evident since 2016, up +1.47 mil GT (+13.2%) inclusive of 2022. The main catalyst behind this growth has been stronger demand for freight capacity, adding 116,285 Lane Meters (+16.2%). By contrast, passenger …
Car Carrier Earnings Projecting USD 150k Per Day in 2023
The Car Carrier market went into overdrive in mid August, after Nissan extended their 100,000 USD/Day rate on Lake Geneva (6,178 CEU, Jan 2015, Imabari) just four weeks into the deal. A record breaking fixture setting a higher high in a raging bull market, paralysed by short PCTC supply following years of underinvestment. To put …
Car Carrier Bidding Wars Spark All Time Rates Boom
Bidding wars for Car Carriers are driving rates up to record highs never before seen in the sector. Eastern Pacific’s Lake Wanaka (4,902 CEU, May 2008, Xiamen Shipbuilding Ind) was fixed for 1 year at 50,000 USD/Day to Volkswagen in March. A premium of 10,000 USD/Day compared to the larger, younger Lake Geneva (6,178 CEU, …
Car Carrier asset prices move into the fast lane
Asset Price Inflation Newbuild spend for Vehicle Carriers (LCTCs / PCTCs / PCCs) smashed past $3.2 billion last week, following big volume orders from Eastern Pacific and Zodiac. An astonishing amount of money for a niche sector, exceeding the previous 6 years total combined. If we include options, a whopping $4.4 billion has been agreed …