Category Archive For "All"
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 …
Shipping Market Outlook: Q3 2024 Forecast
Overview The Houthi attacks in the Bab Al Mandeb strait and the subsequent rerouting around the Capes has supported all the different shipping markets to varying degrees. The highly unpredictable nature of the Houthis creates a lot of uncertainty, as a sudden cessation of attacks carries a lot of downside risk for shipping, while a …
Are 2024 Market Conditions Conducive to Consolidation in Chemical Tankers?
The chemical tanker-owning sector is no stranger to mergers and acquisitions with a history of notable activity over recent decades. But this year, transactions are continuing amid less obvious market conditions. Veson analysts explore the data and look at what is driving them. Introduction Acquisitions, consolidations, and mergers have been a distinct theme in the …
Explore Fleet Database: Your Customizable Market Dataset
Fleet Database contains hundreds of search conditions, such as vessel specifications, valuations, eight tiers of ownership, and green information—proving its critical role in helping you stay up to date on the market. This comprehensive catalogue further solidifies its value by allowing users to research individual vessels, search and compare specifications, and build custom queries with …
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 …
Container values strengthen after post-boom decline
Container values have risen significantly across almost all sectors and age categories since the start of the year. This follows an extended period of decline, where values fell steadily after reaching a record peak during the Container boom at the end of Q1 2022. However, since January 2024, values have taken a turn in the …
Shipping Market Outlook: Q2 2024 Forecast
Overview There are several elements of unpredictability affecting our shipping market forecasts for the second quarter of 2024. The Chinese economy’s recovery currently teeters on instability, casting a shadow of uncertainty over the industry due to China’s pivotal role as a major demand driver. Elevated interest rates in Western economies heighten the risk of a …
The 8 Layers of Vessel Ownership in VesselsValue
Since we launched VesselsValue in 2011, we have continued to expand our database to include valuable information regarding vessel documentation, transactions, and valuations. This includes our market-leading vessel ownership database, to which we’ve recently added an eighth layer: the Ultimate Beneficial Owner (UBO). By including this new management tier, we believe shipowners, banks, insurers, and …