Entries Written By Rebecca Galanopoulos
Market Chat: Bulker Values Increase by Nearly 50% in One Year
Dry bulk values increase as Capesize earnings reach the highest seasonal levels since 2010 Values increase Values for Bulkers have been going from strength to strength this year, up across all ages and size categories, notably in the Capesize and Supramax sectors. In the Capesize sector, values for 20 YO vessels of 180,000 DWT have …
Top 10 Shipowning Nations by Total Asset Value for 2024
Utilizing the VesselsValue database, we’ve reviewed the total asset values for vessels by beneficial owner country to determine this year’s top 10 shipowning nations. From Japan’s resolute leadership in the top position with a USD 206.3 billion fleet, to the emergence of Hong Kong at USD 44.7 billion, the asset values and ownership strategies have …
Bulker Market Resilient After Lunar New Year
As stakeholders navigated numerous variables over the start to 2024, including global economics and shipping route disruptions, the Bulker market remains dynamic and responsive to evolving trends and challenges. Bulker earnings reached their zenith in December but have since experienced a customary seasonal dip. However, despite the current decline, earnings continue to stand at historically …
63% South Korean orderbook being fitted with dual fuel engines
South Korean Orderbook Analysis To mark the start of the KOBC and Marine Money conferences in South Korea, we take a look at the South Korean orderbook, using VesselsValue data. The infographic analyses the breakdown of vessels on order in South Korea, the top ordering nations, the key companies investing in South Korean newbuildings, the …
Container values and earnings fall to lowest levels since 2021
Container values and earnings fall to lowest levels since 2021. Fixture of 17 year old Xiamen to ONE at 18,000 USD/Day is approx 2,000 USD/Day below the yearly average for classic Panamax assets
Market Chat: Aframax Values Hover Near Historical Highs
15YO Aframaxes valued at USD 40.04 mil in September 2023 In recent weeks there has been a slight correction in values based on the latest benchmark sales. However, year on year values for this sector are up across all age categories, for example 15YO vessels of 110,000 DWT are up by c.20.95% from USD 31.88 …
Marekt Chat: LPG Earnings Reach All-Time Highs
Newbuilding contracts so far this year are up by c. 82% With LPG earnings currently at all-time highs, we take a brief look at what is behind this bull run and the impact that this may be having on vessel values. VLGC one year time charter rates are at around 1,700,000 USD/Month, the highest levels …
Market Chat: Capesize Sales Climb 24% YoY, Matching 2021 Highs
Greek buyers have been the most active in this sector, accounting for c.29% of sales reported this year Although overall Bulker sales have been more moderate so far this year, the volume of Capesize sales has been moving in the opposite direction to the rest of the sector with sales up there next to the …
Market Chat: Top 10 tanker buyers spend USD 3.66 billion, double top 10 bulker buyers YTD ’23
Golden Ocean Group and Scorpio Tankers spend USD 1.1 billion in 2023 on second hand vessels The top two biggest spenders on second hand bulkers and tankers so far in 2023 have already spend over USD 1.1 billion together. So far the top 10 biggest spenders on second hand bulkers have spent a collective USD …
Market Chat: Japanese Owners Offload Older Capesizes
Values have fallen below USD 19 mil for the first time since July ’21 Author: Rebecca Galanopoulos Jones Capesize sales from Japanese owners have increased by c.20% year on year with twelve sales reported over the first seven months of this year. Approximately half of these sales were for larger vessels of over 200,000 DWT. …