Introduction 2021 so far has been a ground breaking year for the shipping industry and global Trade flows, as the world recovers from the onset of the Covid pandemic last year. This half year review will use VesselsValue Trade data to delve into some of the reasons for the highs and lows of the last …

World Energy Reports estimate that more than 100 wind farm installation and maintenance vessels will be required over the next decade. This is due to the proliferation of Offshore wind farm projects planned for construction over the next 10 years. Last year, for the first time ever, Offshore renewable projects spending was higher than Offshore …

The Container market continues to impress with record breaking rates and ordering never seen before. Olivia Watkins, Head Cargo Analyst takes us through what has been happening with orders, transactions, values, rates and trade for the first half of 2021 and how these sky-high figures compare to previous years’ activity. Container Ordering The ordering market …

After a slow start to 2021, there looks to be light at the end of the tunnel highlighted by P&O Ferries recent announcement to take back market leadership on the English Channel. Owned vessel THE PRIDE OF BURGUNDY (28,128gt, 1900 LM, 1420pax, March 1993, SSW Fahr) has become P&O’s fifth vessel on the Dover-Calais route …

VesselsValue Trade data has been used to analyse current and historical demand in the Small Dry space. Demand indicators such as cargo miles, journey counts and speeds are derived from AIS through applying algorithms to the data, in order to see recent trends in the sector. This article will take a closer look at these …

Using VesselsValue Trade, we will assess the current status of the Tanker market, using historical and current AIS derived supply and demand data. Dirty Tankers: Demand and Rates continue to fall The impacts of Covid for the dirty Tanker market are still very present as rates continue to deteriorate into May. After making a small …

The US government announced on the 29th of March an acceleration of offshore wind projects and increased funding for renewable energy. The goal is to develop 30,000 megawatts (MW) of offshore wind capacity in the next decade, which would create up to 80,000 new jobs. Attempts to build large scale wind farms comparable to those …

While the UK formally left the EU and the European Common Market Area in January 2020, the Transition Period which was in place until 31st December 2020 allowed for the trade relationships between the UK and the EU to continue essentially unchanged. Now that Brexit has officially come into force, we can examine the impact …

Time charter rates The Container market has seen an unprecedented increase in rates since the end of 2020. Container 1 year TC rates have surged to extraordinarily new highs with 8,500 TEU values rising to a record 54,000 USD/day for April. This is an increase of 350% since June 2020. Throughout 2020 the market fell …

Floating solar the future green energy? Offshore floating solar farms in the future can contribute to renewable green energy production, especially in conjunction with existing offshore wind farms. Solar modules deployed in the spaces between wind turbines could supply additional energy without the loss of space. When solar modules are used in the space between …