Entries Written By Rebecca Galanopoulos
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. …
Half Year Review: Cargo Newbuildings 1H 2023
Introduction Overall ordering levels have dipped in the first half of 2023 and, in comparison to last year, the number of new orders has fallen short of the record-breaking levels seen over the last two years. So far, 466 Cargo vessels have been added to the orderbook, a decrease of c.23% YoY. The Cargo sector …
Half Year Review: Cargo S&P 1H 2023
Introduction 2023 to date has been one of the best years in recent memory for Tanker sale and purchase as values hover around 15-year highs. For other sectors, the pent-up demand following Covid has now abated but values have yet to correct back to pre pandemic levels. A combination of changing trade patterns and increased …
Market Chat: Tanker Buyers Opt for Youth as Older Vessel Values Decline
Author: Rebecca Galanopoulos Jones The landscape for Tankers is now changing as older vessels, which have been the focal point for sale and purchase over the last year, have now become less attractive. Instead, buyers are seeking younger tonnage both from an investment point of view and in order to mitigate risk. Age of unknown …
Market Chat: VLCC newbuilding values at 14-year high
Two VLCC orders were placed by Dynacom Tankers earlier this month, scheduled to be built at New Times Shipbuilding and delivered in 2026, in an en bloc deal for USD 115 mil each, VV value USD 112.87 mil. These are the first VLCC newbuilding orders to have been placed since January this year, and before …
Market Chat: Capesize Bulker Values Down 20.13 Mil USD
Bulker values have softened over the last week, and it is the Capesize sector that has seen the sharpest declines with values for 15Y0 vessels of 180,000 DWT down by c.7.87% since the star of June. Recent sales have shown a downward movement in value and benchmark deals have set values lower; the value of …
Vietnam Fleet Overview
In our latest infographic, using VesselsValue data, we take a look at the top five Vietnamese shipowners by value and by number of vessels, the Vietnamese owned fleet by vessel type, top five cargo routes by Vietnamese Bulkers and the most valuable Vietnamese vessels. Download the full infographic here