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 …

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, …

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 …

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. …

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 …

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 …

Introduction Despite LNG carriers accounting for a mere 1.45% of the total cargo fleet, the overall value of LNG sale and purchase transactions accounted for nearly 12% of all cargo transactions that took place in 2022, up from 3% in 2021. This statistic reflects the surging freight rates and values experienced by the LNG sector …

Container demolition January was the busiest month for Container demolition sales since July 2020. All sales reported were on the smaller scale, with four Feedermax vessels committed and nine Handy Containerships setting sail for their final voyage to be recycled in India. All Container vessels scrapped were built in the 1990s with an average age …

Introduction During the 2021 Monaco Yacht Show, 2022 was marked as a significant year for the Superyacht market. Despite the numbers recorded by the newbuild and brokerage markets, the general hope was for a return to pre Covid-19 normality for the market. However, the conflict in Russia and Ukraine introduced a new set of challenges …