Entries Written By Rebecca Galanopoulos
Market Chat: Capesize values surge by 50% YoY
The Bulker sale and purchase market is back in full swing following the summer break. There have already been 12 sale and purchase transactions reported, compared to two over the whole month of August. During the same period last year, there were just eight Capesizes reportedly sold in September 2023, resulting in an increase of …
DWT capacity falls across bulkers and tankers transiting the Suez Canal
Nearly a year since hostilities erupted in the Red Sea region, we can observe the significant and ongoing impact this conflict continues to have on global shipping routes using Veson trade data. The Suez Canal, one of the world’s most important maritime chokepoints, has seen reduced traffic as shipowners and operators weigh the risks posed …
Top Tanker buyers of the last six months
The top three buyers of the last six months in the Tanker sector have already spent over 1 bn USD. Using VesselsValue data, we take a look at the top Tanker buyers since March 2024. The busy sale and purchase market has been driven by the positive sentiment in the market as supply continues to be …
Container Ship Orders Reach Two-year High
57 newbuilding orders were placed for Container vessels in July 2024, with orders for that month alone outpacing the 40 contracts inked in the first six months of the year. New Container orders for July 2024 represent the highest number of orders since June 2022 where 65 were placed. Singaporean owners were the most …
2024 Half Year Review: Bulkers
These half year reviews provide a summary analysis of the first half of 2024 in the tanker, 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 many decades of combined experience among our analysts, these …
2024 Half Year Review: Tankers
This 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 many …
Dual-Fuel Fleet Additions Continue to Rise
Owners are shifting to dual-fuel systems in order to achieve net-zero emissions and comply with current environmental standards in the maritime sector. Using the Fleet Database feature of the VesselsValue platform, we examined the annual deliveries of dual-fuel vessels since 2018, broken down by the following sectors: Bulkers, Tankers, and Containers. Fleet Database’s smart search …
LNG Newbuilding Values at Record High
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first five months of 2024, an increase of c.129%. Newbuilding prices for the Large LNG sector of 174,000 CBM are currently at an all-time high of USD 269 mil, …
Bulker Newbuilding Values at 15-Year High
Bulker newbuilding values are currently at 15-year high, with increases across all sectors since the start of the year.
Tanker Orders Increase 32% Year-on-Year
Tanker ordering levels have increased during the first few months of 2024. So far this year, 104 Tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%. Values for Tanker newbuildings have also increased across all subsectors. LR2s of 115,000 DWT show …