VesselsValue to withdraw from the superyacht industry

VesselsValue is withdrawing from the superyacht market and will stop providing valuations and market data mid-2024. We will continue to provide superyacht data and valuations for our subscribers until their subscription renewal date, when it will be switched off from their account. VesselsValue will no longer offer Superyacht subscriptions from mid-2024. We appreciate all that …

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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 …

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Capesize sales equal record 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 …

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Half Year Review: Cargo Demolition 1H 2023

Introduction In the first half of 2023, 114 vessels were sold for scrap, a 73% increase over the same period in 2022. 51 tankers were scrapped, accounting for approximately 44.7% of all cargo vessel demolition in the first half of 2023. The rising scrapping numbers are a direct result of historically high scrapping rates, which …

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Leveraging Datasets to Enhance Financial Decision Making

Deciphering Buy/Sell Signals in the Automation Age with VesselsValue As the leading provider of vessel valuations and market perspective, VesselsValue delivers high quality data updated daily, as well as objective historical and forecasted values, market trends and flexible APIs to connect VesselsValue data with other critical systems and models. Its extensive data coverage and objective, …

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Market Chat: VLGC Spot Rates Climbing

Author: Joey Daly It has been a good month for VLGC owners, as several factors aligned to keep rates firming despite an influx of Newbuild tonnage. On the 30th May, the BLPG1 Time Charter Assessment (Middle East Gulf to Japan) was up 40.6% from 73.2 USD/MT to 107.5 USD/MT, whilst the BLPG2 (US Gulf to …

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Market Chat: Week 18 & 19

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 …

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Market Chat: Week 17

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, …

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