Category Archive For "Maritime Insights & Analytics"
A New Lease on Life for LNG Steam Turbines
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 …
The Trend of Rising Container Scrapping and Falling S&P Transactions
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 …
Superyacht Full Year Review 2022
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 …
Analysing the Greek Maritime Fleet
To mark the start of Capital Link Annual Greek Shipping Forum this week, we take a look at the Greek Maritime fleet using VesselsValue data. The infographic highlights the Greek fleet breakdown by vessel type, top owning nations, S&P transactions, top Greek owners, CII distribution and the most valuable Greek vessels. Greek Fleet Breakdown Bulkers …
How new EU sanctions will affect the clean Tanker market
New wave of sanctions to hit Clean Tanker market A fresh round of EU sanctions on Russia that will include refined petroleum products are set to come into force on the 5th of February. In the run up to this round of sanctions, we have not seen the same soaring freight rates that characterised the …
India Signals Change Through Vessel Age Limits
India is taking further steps to lower the footprint that their Shipping trade leaves. It is understood that a number of measures will be introduced, including the ban of Tankers and Bulkers older than 25 years, and Gas and Container vessels older than 30 years, from making port calls in India. Furthermore, secondhand vessels purchased …
Surge in Tanker sales signals command premium in S&P market
Ice class Tankers are the talk of the town The number of ice class Aframax Tanker transactions that took place in 2022 increased by 140% year on year. The majority of sales took place in the second half of the year and the average age of vessels sold was 15 years. Values for this sector …
Vehicle Carrier and RoRo Full Year Review 2022
Vehicle Carriers (PCTC, LCTC) Short Shipping supply got further squeezed for exporters in 2022 due to chronic land side congestion at major ports and terminals in Europe, reducing PCTC (Pure Car Truck Carrier) ship call frequency and therefore capacity. Terminal space completely maxed out in August at major hubs in the Med and Northwest Europe, …
An Overview of the Ferry Market
Freight Demand Main Catalyst for Fleet Growth Since 2012 Looking at fleet development from Midsizes upwards, steady year-on-year (YoY) net growth has been evident since 2016, up +1.47 mil GT (+13.2%) inclusive of 2022. The main catalyst behind this growth has been stronger demand for freight capacity, adding 116,285 Lane Meters (+16.2%). By contrast, passenger …
Offshore Full Year Review 2022
Introduction 2022 was an eventful year for the Offshore industry. Geopolitical tensions between Russia and Ukraine caused the price of oil to hit USD 100 per barrel and reach highs of c. USD 130 per barrel. Oil majors announced record profits, and the vessel and rig owning sector witnessed both an increase in asset values …