Entries Written By Rebecca Galanopoulos
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
Market Chat: Small Bulkers Lead S&P Transactions in 2023
Smaller Bulkers have led bulker sale and purchase transactions so far this year, with a share of over half of all secondhand deals. Handy Bulkers made up the majority, accounting for c.31% of sales, and Supramaxes followed at c.25%. The average age of vessels sold in these categories are 13YO and 14YO respectively. After …
Market Chat: Panamax Newbuilding Orders Reach Record Highs
Surge in Panamax newbuilding orders There has been a surge in Panamax newbuilding orders in the first four months of 2023. So far this year there have been 61 orders placed, compared to just 13 for the same period in 2022, an increase of c.369%. The majority of these orders have been placed since March, …
Singapore Maritime Fleet
Using VesselsValue data, we take a look at the Singaporean owned fleet, to mark Singapore Maritime Week 2023. The infographic highlights the key Singaporean Shipowners both in terms of the value of the fleets and by number of vessels owned. We will also take a look at the most valuable Singaporean owned cargo vessel. Top …
Market Chat: Post Panamax Container Values Soften on MSC’s Latest Purchase
Post Panamax values have softened as a result of MSCs recent purchase of the Lisbon (6,078 TEU, May 2003, Hanjin Heavy Ind) sold to MSC for USD 22 mil (SS/DD Due), VV Value USD 25.53 mil. Values for this sector have fallen since the beginning of the month for vessels over 10 years of age. …
Market Chat: New MR Sales set Higher Benchmark for Valuations
Values for MRs have continued to rise across all ages. Demand for older vessels has gone from strength to strength and so these sectors have seen the strongest increases, since the beginning of the month. Values for 15YO MRs of 50,000 DWT are up by 3.52% from USD 23.03 to USD 23.83 mil. Values of …
The Emergence of New Tanker Market Players
Since the start of the conflict between Ukraine and Russia, a new breed of Tanker owners has emerged. Demand for Tankers increased, and this has caused Tanker freight rates to rise following a long period of stagnation, enticing new players to enter the market. Sanctions on Russian crude oil and clean petroleum products came into …
Market Chat: Shipping Market Outlook for Q1 2023
The Q1 2023 Forecast is a collaboration between VesselsValue and ViaMar that focusses on predictions for the Bulker, Tanker, Container and LPG sectors. The report seeks to pinpoint directional changes in values as well as earnings, addressing key development through 2026. We take a look at the main points from the Tanker forecast: Container Values …