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 …

After a slow start to 2021, there looks to be light at the end of the tunnel highlighted by P&O Ferries recent announcement to take back market leadership on the English Channel. Owned vessel THE PRIDE OF BURGUNDY (28,128gt, 1900 LM, 1420pax, March 1993, SSW Fahr) has become P&O’s fifth vessel on the Dover-Calais route …

A Roadmap for Fossil Free Shipping Flows of money were already pouring into sustainable funds prior to Garth Brooks rendition of Amazing Grace at “green president” Biden’s inauguration. Electric Vehicle maker Tesla increased its market cap by an astonishing USD 500 billion in 2020. It is now more valuable than the world’s top eight automakers …

The UK Government’s £77.6 million freight contract agreement with leading RoRo (Roll-on/Roll-off) Operators Stena Line, DFDS, Brittany Ferries and P&O last month was deemed as “necessary to safeguard the smooth and successful flow of freight” as per Grant Shapps, Secretary of State for Transport. Essentially, freight capacity has been bought by the UK Government for the …

It has been a tough few years for the Vehicle Carrier market. We have seen charter rates for 6,500 CEU vessels fall by more than 40% to $10,000/day in 2020, demand for global light vehicles flatlined in 2018 then collapsed in 2020, and as a result values have come under significant pressure. The industry entered …