The shipping industry is in an interesting position. COVID-19 is wreaking havoc across the world, causing regional and national lockdowns, transforming the way in which ordinary people go about their daily lives, and forcing industries to rethink their usual practices. Despite this ongoing situation, the shipping industry still has to function in order to ensure …

It has been a tough few years for the Vehicle Carrier market. We have seen charter rates for 6,500 CEU vessels fall by more than 40% to $10,000/day in 2020, demand for global light vehicles flatlined in 2018 then collapsed in 2020, and as a result values have come under significant pressure. The industry entered …

Let’s forget morals, politics or personal opinion and instead look at VesselsValue’s trade data to construct an informed view on which party would be better for the shipping markets. Tankers for Trump Headline: Trump’s support of US crude production, his sanctioning of Iran and temporary blacklisting of certain fleets of large Tankers has been beneficial …

Unsurprisingly, trades between China and the US faltered at the beginning of the Covid-19 pandemic back in February 2020, but a clear recovery has since been made on the popular container route. Container journeys so far this year between China and the US have totalled over 500, 10% more than during the same period in …

Global renewable energy could help a post COVID-19 economic recovery according to the International Renewable Energy Agency (IRENA). According to IRENA offshore wind costs have fallen by 29% between 2010 and 2019 from £124 per Mwh to £88 per Mwh (megawatt hour). This lowering of costs can be attributed to increases in turbine technology including …

So far, 2020 has been an unsettling and volatile year for the shipping industry as a whole, particularly related to the effects of the COVID-19 pandemic. Very early on, 2020 was looking to be a positive year for many routes and sectors, but this was short lived as COVID-19 quickly disrupted the global supply chain. …

Overview At VesselsValue, our Trade platform allows us to measure demand for vessels through applying algorithms and analysis to satellite and terrestrial AIS vessel location data. This provides us with objective, real-time and historical data on Cruise ship activity, including stoppages, journeys and demand trends, at vessel, fleet and global level. On the 3rd February …

Overview Heading into March 2020 the recycling market had made significant ground and was looking strong. However, the COVID-19 pandemic hit hard and fast, crashing local steel plate prices and forcing tight restrictions, which in turn, for the first time led to yard lockdowns. The first 8 weeks of 2020 saw 67 vessels scrapped, this …

Bulkers Value Analysis The COVID-19 pandemic has had a dramatic effect on the Bulker sector causing a deterioration in rates, values and number of second-hand transactions.  Capesize Bulkers have been the worst affected, primarily as China is the major epicentre of Capesize trade. In the early part of the year, imports into China were near historical lows …