Category Archive For "Maritime Insights & Analytics"
A new breed of buyers
Offshore vessels have always been designed and built to support the offshore oil and gas industry. Whether that’s PSVs supplying offshore installations, AHT/AHTSs, MODUs and other offshore structures, or Subsea Support Vessels working on a wide scope of work beneath the sea level. These vessels have historically been purchased as new or on the second-hand …
Market Chat: VLCC Values at 13-Year High
Values for five year old VLCCs are currently at the highest levels since 2009. For example, 320,000 DWT, 5YO are currently valued at USD 95.74 mil, up 33.12% from the start of the year from USD 71.92 mil in January. Overall, Tanker sales have risen this year by c.12% with 1,026 transactions reported so far …
Market Chat: 2022 Container Sales and MR Values
Container sales slow 2022 to date has seen a total of 292 Container sales, with the majority of these transactions taking place in the first half of the year. In October there were just nine Container sales reported, compared to 47 in January, a decrease of 81%. Of the sales recorded, four went to Greek …
Market Chat: Capesize Values for Older Vessels Rise 9.55%
Capesize values for older vessels rose in October with prices for 15 year old tonnage up 9.55% since the start of Q4 to USD 22.23 mil. Of the sale and purchase transactions recorded last month, the average age was 19 years. Values for this sector moved up following a bounce back in earnings in early …
Market Chat: Handysize Values Lead Total Bulker S&P Values
Handysize values moving up in October Handysize values have increased this month across most ages, following a period of decline. Values for generic 10 year old Handysizes have moved up by c.2% since the start of October to USD 16.70 mil. Interest in the Handysize sector has led Bulker sale and purchase activity since the …
Introducing the UAE Offshore Fleet
To mark the start of ADIPEC in Abu Dhabi, we have created an overview of the UAE Offshore fleet using VesselsValue data. The infographic highlights the top purchases, OSV owning companies, utilisation, and fleet age profiles, alongside top Middle Eastern buyers. VesselsValue data as of October 2022.
What’s Happening in the Container Market?
Introduction Following a period of historically high freight rates, the Container sector is now experiencing a correction. The Container freight market is said to have peaked, as demand concerns linked to the health of the global economy have dulled sentiment somewhat. This has led to reduced demand across the Container sector, easing port congestion across …
Market Chat: Tankers Strengthen VLCC Earnings
Tankers continue to strengthen VLCC asset prices and rates are finally seeing the increases that the market was hoping for. Sentiment for Tankers is strong with VLCC earnings having risen consistently since June and peaking towards the end of September at almost 70,000 USD/day. This is primarily due to seasonality, with an increase in demand …
Car Carrier Earnings Projecting USD 150k Per Day in 2023
The Car Carrier market went into overdrive in mid August, after Nissan extended their 100,000 USD/Day rate on Lake Geneva (6,178 CEU, Jan 2015, Imabari) just four weeks into the deal. A record breaking fixture setting a higher high in a raging bull market, paralysed by short PCTC supply following years of underinvestment. To put …
Market Overview: Middle East Offshore
Introduction The Middle East, in particular Saudi Arabia and Abu Dhabi, are investing heavily in their respective oil and gas industries, and making no bones about their growth and expansion plans. Saudi Arabia announced they would be rapidly scaling up oil production in the region, producing 12 million barrels per day and aiming for 13 …